Company: SCTH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001017386-25-000073
Chunk: 19

Company: Securetech Innovations, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 equity securities or arrange for debt or other financing to fund planned business activities. We may also rely on loans from management or significant shareholders, but there are no assurances they will provide additional funds in the future.

We are continually exploring new financing sources to meet our need for additional cash, including raising funds through equity sales and loans. We cannot assure you that our efforts to secure additional financing will be successful or that future funding will be available on acceptable terms. If financing is unavailable on satisfactory terms, we may be unable to continue, develop, or expand our operations. Additionally, future equity financing could result in substantial dilution to existing shareholders.

The following is a summary of cash provided by or used in each of the indicated types of activities during the three months ended March 31, 2025 and 2024:

Three Months Ended March,

2025

2024

Cash provided by (used in):

Operating activities
($88,515)
 
($4,865)

Financing activities
$95,000
 
-

Net cash used in operating activities was ($88,515) for the three months ended March 31, 2025, an increase of $83,650, or 1,719.4%, from cash used by operating activities of ($4,865) during the same period of 2024. The increase in our cash used by operating activities was primarily attributable to taking strategic initiatives to reduce outstanding accounts payable and accrued payroll liabilities.

Net cash provided by financing activities was $95,000 for the three months ended March 31, 2025, compared to $-0- during the same period of 2024.

24

Going Concern Consideration

Our independent registered public accounting firm has issued a going concern opinion in their audit report dated March 31, 2025, which can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2025. This means that our auditors believe there is substantial doubt that we can continue as an ongoing business for the next 12 months.

Off-Balance Sheet Operations

As of March 31, 2025, we had no off-balance sheet activities or operations.

Contractual Obligations

As of March 31, 2025, we did not have any contractual obligations.

Critical Accounting Policies

Use of Estimates

The accompanying financial statements of SecureTech have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many