Company: SCTH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001017386-25-000115
Chunk: 12

Company: Securetech Innovations, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 12
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 allocates resources based on a consolidated view of the business. Consequently, the Company operates as a single reportable segment under the guidelines of ASC 280, Segment Reporting. The CODM classifies this segment as Consumer Goods.
 
The Company’s operations, which include marketing, purchasing and procurement, and research and development, are managed centrally. The CODM assesses financial performance using metrics such as revenue, operating profit, and key operating expenses, which are outlined below as the primary cost components for evaluating the Company’s performance.
 
Additionally, the CODM measures income generated from the Company’s assets by focusing on net income as a key performance indicator. This metric is used to assess the return on assets and supports strategic decision-making.

    For the Six Months Ended June 30,
   
    2025 
    2024

    Revenue from external customers 
    $—    
    $14,235 

    Reconciliation of revenue: 

    Less: Cost of goods sold 
     —    
     3,421 
  
    Segment gross profit 
    $—    
    $10,814 

    Less: 

    Salaries and payroll 
     64,998  
     63,000 
  
    Other segment items(1) 
     114,941  
     121,226 
  
    Segment net loss 
    $(179,939) 
    $(173,412)

    Reconciliation of loss: 

    Other income (expense), net 
     (8,314) 
     (1,777)
  
    Loss before income taxes 
    $(188,253) 
    $(175,189)

(1)Other segment items comprising segment net loss include depreciation and amortization expenses, professional fees, marketing expenses, occupancy expenses, travel expenses, research and development expenses, and certain overhead expenses. 

NOTE 10 – RELATED PARTY TRANSACTIONS
 
Founder’s Shares
 
On March 2, 2017, the Company issued an aggregate of 175,000,000 shares of its common stock, $0.001 par value, as Founder’s Shares with $-0- value.  
 
Of these Founder’s Shares, 80,000,000 were issued to the Company’s officers, 75,000,000 to an entity controlled by one of the Company’s directors, and 20,000,000 to outside consultants who assisted with the Company’s formation and early organization.