Company: ATVK
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001376474-25-000461
Chunk: 3

Company: Ameritek Ventures, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 3
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 quarter of 2025, as compared to a net income of $62,356 for 2024. All the changes above are due to the sale of Ecker Capital.

Interest expense was $26,992 for the three months ending March 31, 2025, compared to $42,639 for the three months ending March 31, 2024. Ameritek does not have three of the loans it previously had to pay or accrue interest expense for.

The Company had a loss of $9,059,374 on the Investment in ZenaTech during the first quarter of 2025.

21

Ameritek had a net loss of $9,059,374 for the three months ended March 31, 2025 and had a net income of $19,697 during the first three months of 2024 due to the sale of Ecker Capital.

Liquidity and Capital Resources

Cash Flow

The Company currently funds its operations, including working capital and capital expenditures, 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:

Three months ended

March 31,

Change ($)
 
2025
 
2024

Cash flow (used in) provided by operating activities
$
17,989
$
1,205
$
(16,784)

Cash flow (used in) provided by investing activities
$
–
$
–
$
–

Cash flow (used in) provided by financing activities
$
(13,311)
$
–
$
13,411

Operating activities

Cash flow used in operating activities was $1,205 for the three months ending March 31, 2025, as compared to a cash provided by operating activities of $(16,784) for the same period of 2024. Net operating income decreased by $56,976 during the first quarter of 2025 as compared to the same 2024 period. Deferred revenue decreased to $Nil as there is no accounts receivable to bill. Amortization and depreciation decreased by $8,085 in the first quarter of 2025 compared to the same period of 2024. Amortization of the line of credit commitment fees