Company: ATVK
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001376474-25-000754
Chunk: 2

Company: Ameritek Ventures, Inc.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 2
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 Voting Shares, 1,000,000 ZenaTech Common Shares and 300,000 ZenaTech Preferred shares.

The fair value of the ZenaTech common stock was determined based on the market price quoted on Nasdaq. The closing price of ZenaTech common stock was $7.69 per share at the reporting date.

Ecker Capital, LLC is the holding parent company of Interactive Systems, Inc., interlinkOne, Inc. and ESM Software, Inc. As a result of the sale the only revenue for Ameritek Ventures, Inc. comes from DittoMask, Inc. DittoMask did not generate profit of over $1,000 in 2024.

Business Strategy

Management plans to raise equity capital to finance the operating and capital requirements of the Company. Amounts raised will be used to further development of the Company's products, to provide financing for marketing and promotion, to secure additional property and equipment, and for other working capital purposes.

Critical Accounting Policies

Our significant accounting policies are more fully described in the notes to our financial statements included herein for the six months ended June 30, 2025.

New and Recently Adopted Accounting Pronouncements

Any new and recently adopted accounting pronouncements are more fully described in Note 2 to our condensed consolidated financial statements included herein for the six months ended June 30, 2025.

Results of Operations

For the six months ended June 30, 2025, and 2024

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.  

Results of Operations

For the three months ended June 30, 2025, and 2024

Ameritek had much less revenue and expenses due to the sale of Ecker Capital, LLC with its subsidiaries Interactive Systems, Inc. and interlinkONE, Inc.

The Company had $22,492, or 88%, less revenue for the three months ended June 30, 2025, a decrease of $164,428 as compared to the second quarter of 2024. 

Ameritek incurred $38,079, or 95%, less expenses related to general and administrative costs for the second quarter of 2025 as compared to second quarter of 2024. The Company incurred $183,000 in stock-based management fees compensation paid to Shaun Passley, PhD and Epazz, Inc., related parties, a 100% increase in this cost. The Company had no development and support costs, or a 100