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

Company: Securetech Innovations, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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Results of Operations

Comparison of the Three Months Ended June 30, 2025 and 2024

The following table sets forth the results of our operations for the three months ended June 30, 2025, and 2024.

Three months ended June 30,

2025

2024

Sales
$
-
$
1,350

Cost of goods sold
 
-
 
(341)

Gross profit
 
-
 
1,009

Operating expenses
 
(89,004)
 
(93,730)

Loss from operations
 
(89,004)
 
(92,721)

Other income (expense)
 
(4,884)
 
(987)

Net loss
$
(93,888)
$
(93,708)

Sales

Sales for the three months ended June 30, 2025, totaled $-0-, compared to $1,350 for the same period in 2024, representing a decrease of ($1,350), or a (100.0%) decrease compared to the previous fiscal period. The decline in sales was due to Management's efforts to secure new financing sources and redirect the company’s overall strategic focus. All sales during the 2024 period were generated by the Top Kontrol product line.

31

Cost of Goods Sold

Our cost of goods sold consists primarily of purchasing components and circuitry from various vendors and then utilizing third-party contract manufacturing facilities to produce our products, with final assembly conducted at our Minnesota headquarters. Cost of goods sold for the three months ended June 30, 2025, was $-0-, compared to $341 for the same period of 2024. As a percentage of overall sales, the cost of goods sold was 25.3% during the three months ended June 30, 2024.

Gross Profit

Gross profit for the three months ended June 30, 2025, was $-0-, compared to $1,009 for the same period of 2024. Our gross profit margin was 74.7% during the three months ended June 30, 2024.

Operating Expenses

Three Months Ended June 30,

2025

2024

Operating expenses:

General and administrative
$
86,858
$
93,730

Research and development
 
2,146
 
-

Operating expenses
$
89,004
$
93,730

Our operating expenses for the fiscal period consisted of two components: general and administrative expenses and research and development expenses. Total operating