Company: OMTK
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001378
Chunk: 2

Company: Omnitek Engineering Corp
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 2
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OTHER INCOME (EXPENSE)

Other income
 
88,237  
 
-  
 
88,461  
 
-  

Other Expense 
 
(8,559) 
 
(37,647) 
 
(18,397) 
 
(37,647) 

Interest expense
 
(6,921) 
 
(5,164) 
 
(13,211) 
 
(10,389) 

Total Other Income/(Expense)
 
72,757  
 
(42,811) 
 
56,853  
 
(48,036) 

 PROFIT/(LOSS) BEFORE INCOME TAXES
 
126,653  
 
(107,556) 
 
99,993  
 
(174,014) 

INCOME TAX EXPENSE
 
800  
 
800  
 
800  
 
800  

 NET PROFIT/(LOSS)
 
$125,853  
 
$(108,356) 
 
$99,193  
 
$(174,814) 

BASIC AND DILUTED LOSS PER SHARE
 
$0.01  
 
$(0.00) 
 
$(0.00) 
 
$(0.01) 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING -BASIC AND DILUTED
 
21,948,091  
 
21,948,091  
 
21,948,091  
 
21,948,091  

The accompanying notes are an integral part of these condensed unaudited financial statements.

Page 4

OMNITEK ENGINEERING CORP.

Condensed Statements of Cash Flows

(unaudited)

For the Six
 
For the Six

Months Ended
 
Months Ended

June 30, 2025
 
June 30, 2024

OPERATING ACTIVITIES

Net income (loss)
 
$99,193  
 
$(174,814) 

Adjustments to reconcile net loss to net cash used in operating activities:

Amortization and depreciation expense
 
1,928  
 
1,401  

Stock option expense
 
3,782  
 
4,657  

Amortization of ROU asset
 
69,146  
 
65,672  

Change in Inventory reserve
 
18,068  
 
92,302  

Changes in operating assets and liabilities:

Accounts receivable