Company: ATVK
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001376474-25-000461
Chunk: 2

Company: Ameritek Ventures, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 2
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 Super Voting Shares, 1,000,000 ZenaTech Common Shares and 300,000 ZenaTech Preferred shares.

The fair value of the ZenaTech common stock was determined based on the market price quoted on Nasdaq. The closing price of ZenaTech common stock was $7.69 per share at the reporting date.

Ecker Capital, LLC is the holding parent company of Interactive Systems, Inc., interlinkOne, Inc. and ESM Software, Inc. As a result of the sale the only revenue for Ameritek Ventures, Inc. comes from DittoMask, Inc. DittoMask did not generate profit of over $1,000 in 2024.

Business Strategy

Management plans to raise equity capital to finance the operating and capital requirements of the Company. Amounts raised will be used to further development of the Company's products, to provide financing for marketing and promotion, to secure additional property and equipment, and for other working capital purposes.

Critical Accounting Policies

Our significant accounting policies are more fully described in the notes to our financial statements included herein for the three months ended March 31, 2025.

New and Recently Adopted Accounting Pronouncements

Any new and recently adopted accounting pronouncements are more fully described in Note 2 to our condensed consolidated financial statements included herein for the three months ended March 31, 2025.

Results of Operations

For the three months ended March 31, 2025, and 2024

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.  

Results of Operations

For the three months ending March 31, 2025, and 2024

Ameritek no revenue for the three months ended March 31, 2025, as compared to $215,922 for the same period ended 2024, as a result of the sale of Ecker Capital, LLC with its subsidiaries Interactive Systems, Inc. and interlinkONE, Inc.

Ameritek had no operating income and incurred $2,000 for development and support, and $8,287 in general and administrative costs for the first quarter of 2025. The Company had $102,769 development and support costs, general and administrative costs of $40,742 and $10,045 of product development costs amortization during the first quarter of 2024. These changes are also a result of the Interactive and interlinkONE sale.

Net operating loss before other income was $(10,287) for the first