Company: OMTK
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001378
Chunk: 14

Company: Omnitek Engineering Corp
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 2
Chunk 14
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% for the three months period ended June 30, 2024.  

Operating expenses for the three months period ended June 30, 2025 were $167,855 compared with $175,546 for the three months period ended June 30, 2024, a decrease of $7,691. General and administrative expense for the three months period ended June 30, 2025 was $149,895 compared with $156,953 for the three months period ended June 30, 2024. Major components of general and administrative expenses for the three months period ended June 30, 2025 were professional fees of $37,998, rent expense of $10,430, and salaries and wages of $51,979.  This compares with professional fees of $39,922, rent expense of $10,825 and salaries and wages of $57,103 for the three months period ended June 30, 2024.  For the three months period ended June 30, 2025 research and development outlays were $16,996 compared with $17,629 for the three months period ended June 30, 2024.

Our net income for the three months period ended June 30, 2025 was $125,853, or $0.01 per share, compared with a net loss of $108,356, or ($0.00) per share, for the three months period ended June 30, 2024.  

Results for the three months period ended June 30, 2025 reflect the impact of non-cash expenses, including the value of options granted in the amount of $3,437 and depreciation and amortization of $964.  For the three month period ended June 30, 2024, non-cash expenses included options granted in the amount of $2,694, depreciation and amortization of $964.

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For the six months ended June 30, 2025 and June 30, 2024

Revenues increased to $965,153 for the six months period ended June 30, 2025 from $504,047 for the six months period ended June 30, 2024, an increase of $461,106 or 92%. 

Total cost of goods sold was $602,434 for the six months period ended June 30, 2025 and $309,527 for the six months period ended June 30, 2024