Company: SCTH
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001017386-25-000148
Chunk: 56

Company: Securetech Innovations, Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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078, compared to $3,421 for the same period of 2024. As a percentage of overall sales, the cost of goods sold was 73.1% during the nine months ended September 30, 2025.

37

Gross Profit

Our gross profit for the nine months ended September 30, 2025, was $1,005,449, compared to $10,814 for the same period in 2024. Our gross profit margin was 26.9% during the nine months ended September 30, 2025.

Operating Expenses

Nine Months Ended September 30,

2025

2024

Operating expenses:

General and administrative
$
506,431
$
265,868

Selling and marketing expenses
 
18,956
 
-

Research and development
 
85,674
 
-

Operating expenses
$
611,061
$
265,868

Our operating expenses for the fiscal period consisted of three components: general and administrative expenses, selling and marketing expenses, and research and development expenses. Total operating expenses were $611,061 during the nine months ended September 30, 2025, compared to $265,868 for the same period of 2024, representing an increase in operating expenses of $34,193, or 129.8%, from the nine months ended September 30, 2024. The increase in operating expenses is a result of SecureTech’s acquisition of AI UltraProd.

Profit (Loss) From Operations

As a result of the foregoing, our profit from operations was $394,388 during the nine months ended September 30, 2025, compared with a loss of ($255,054) for the same period of 2024. The swing from an operating loss to an operating profit is the result of SecureTech’s acquisition of AI UltraProd.

Other Income (Expense)

Our other income (expense) is comprised of bank interest received on cash deposits, interest paid on outstanding loans, and other non-operating items. During the nine months that ended September 30, 2025, we generated $39,588 in other income compared to a loss of ($3,838) in other income (expense) for the same period of 2024.

Net Profit (Loss)

The result was that our net profit was $354,800 during the nine months ended September 30, 2025, compared with a net loss of ($287,057) for the same period of 2024. After taking into