Company: OMTK
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001096906-25-000867
Chunk: 2

Company: Omnitek Engineering Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 2
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WEIGHTED AVERAGE NUMBER OF COMMON SHARES 
OUTSTANDING - BASIC AND DILUTED
 
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 Three
 
For the Three

Months Ended
 
Months Ended

March 31, 2025
 
March 31, 2024

OPERATING ACTIVITIES

Net income (loss)
 
$(26,660) 
 
$(66,458) 

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

Amortization and depreciation expense
 
964  
 
436  

Stock option expense
 
345  
 
1,963  

Inventory reserve
 
9,858  
 
874  

Amortization of ROU asset
 
34,318  
 
32,646  

Changes in operating assets and liabilities:

Accounts receivable
 
11,075 
 
(5,068) 

Accounts receivable–related parties
 
(5,936) 
 
(21) 

Deposits
 
244,639 
 
(136,814) 

Inventory
 
(291,540)  
 
43,327  

Accounts payable and accrued expenses
 
27,085  
 
2,819  

Customer deposits
 
(72,974)  
 
99,293  

Operating lease liability
 
(41,094) 
 
(30,615) 

Accounts payable-related parties
 
(1,503) 
 
1,235  

Accrued management compensation
 
2,308  
 
2,884  

Net cash provided by (used in) operating activities
 
(109,115) 
 
(53,499) 

INVESTING ACTIVITIES

Net cash used in investing activities
 
-  
 
-  

FINANCING ACTIVITIES

Proceeds from (payments on) notes payable – related party
 
50,500  
 
-  

Net cash provided by (used in) financing activities
 
50,500  
 
-  

NET CHANGE IN CASH
 
(58,615) 
 
(53,499) 

CASH AT BEGINNING OF YEAR
 
104