Company: ATVK
Filing Date: 2025-11-14
Form Type: 10-Q/A
Source: 0001376474-25-000934
Chunk: 29

Company: Ameritek Ventures, Inc.
Filing Date: 2025-11-14
Form: 10-Q/A
Chunk 29
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, the CEO of Ameritek. Ameritek had some general and administrative expenses related to staff salaries and continues to depreciate some product development costs. The Company incurred an unrealized gain on investment in ZenaTech, Inc, a related party, of about $5.3 million during this quarter. ZenaTech, Inc.s voting stock is controlled by Shaun Passley, PhD, the President and CEO of Ameritek. Ameritek had a net income of $5,276,271 during the 3 months ended September 30, 2025. For the nine months ending September 30, 2025, and 2024 20 Ameritek had no revenue during the nine months ended September 30, 2024. The Company had two major events during this quarter, it purchased two real estate properties to use them as rentals and it purchased Galaxy Batteries, Inc. from Epazz, Inc., a related party. Epazz, Inc. is owned by Shaun Passley, PhD, the President and CEO of Ameritek. Ameritek issued stock-based compensation of $183,000 to Shaun Passley, according to the agreement. Ameritek had a net loss of $2.3 million during the nine months ended September 30, 2025, compared to net income of $105,252 that were recorded during the same 2024 period. Liquidity and Capital Resources Cash Flow The Company currently funds its operations, including working capital and capital expenditure, and acquisitions through cash, cash equivalents and short-term investments and financing activities as necessary. We expect that cash, cash equivalents and short-term investments, and other sources of liquidity, such as issuing equity or debt securities, subject to market conditions, will be available and sufficient to meet all foreseeable cash requirements. The following is a summary of the changes in the Company’s cash flows followed by a brief discussion of these changes:

|                                                      |   | Change ($) |   | Nine Months Ended 
     September 30, 
              2025 |   |     2024 |
|:-----------------------------------------------------|:--|-----------:|:--|------------------:|:--|---------:|
| Cash flow (used in) provided by operating activities | $ |    214,283 | $ |           540,660 | $ |  326,377 |
| Cash flow (used in) provided by investing activities | $ |   -505,242 | $ |          -505,742 | $ |