Company: SCTH
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001017386-25-000148
Chunk: 15

Company: Securetech Innovations, Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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 which include marketing, purchasing and procurement, and research and development, are managed centrally. The CODM assesses financial performance using metrics such as revenue, operating profit, and key operating expenses, which are outlined below as the primary cost components for evaluating the Company’s performance.
 
Additionally, the CODM measures income generated from the Company’s assets by focusing on net income as a key performance indicator. This metric is used to assess the return on assets and supports strategic decision-making.

    For the Nine Months Ended September 30,
   
    2025 
    2024

    Revenue from external customers 
    $3,736,527  
    $14,235 

    Reconciliation of revenue: 

    Less: Cost of goods sold 
     2,731,078  
     3,421 
  
    Segment gross profit 
    $1,005,449  
    $10,814 

    Less: 

    Salaries and payroll 
     73,576  
     63,000 
  
    Other segment items(1) 
     537,485  
     202,868 
  
    Segment net profit (loss) 
    $394,388  
    $(255,054)

    Reconciliation of loss: 

    Other expense, net 
     (39,588) 
     (3,838)
  
    Net profit (loss) before income taxes 
    $354,800  
    $(258,892)

(1)Other segment items comprising segment net loss include depreciation and amortization expenses, professional fees, marketing expenses, occupancy expenses, travel expenses, research and development expenses, and certain overhead expenses. 

21

NOTE 10 – RELATED PARTY TRANSACTIONS
 
Founder’s Shares
 
On March 2, 2017, the Company issued an aggregate of 175,000,000 shares of its common stock, $0.001 par value, as Founder’s Shares with $-0- value.  
 
Of these Founder’s Shares, 80,000,000 were issued to the Company’s officers, 75,000,000 to an entity controlled by one of the Company’s directors, and 20,000,000 to outside consultants who assisted with the Company’s formation and early organization.
 
As of September 30, 2025, an aggregate of 100,100,000 Founder’s Shares have been returned to the Company and cancelled,