Company: SCTH
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001017386-25-000148
Chunk: 62

Company: Securetech Innovations, Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 62
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 how well designed and operated, may not prevent or detect misstatements and can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of internal control over financial reporting procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Based on Management’s assessment, we have concluded that, as of September 30, 2025, our internal control over financial reporting was not effective in timely alerting Management to the material information relating to us required to be included in our annual and interim filings with the SEC.

Management has concluded that our internal control over financial reporting had the following material weaknesses:

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SecureTech does not have an Audit Committee; and

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We do not have an independent Board of Directors, nor do we have a board member designated as an independent financial expert for SecureTech. The Board of Directors is comprised of two (2) members, both of whom also serve as executive officers. As a result, there is a lack of independent oversight of the management team, a lack of independent review of our operating and financial results, and a lack of independent review of disclosures made by SecureTech.

These weaknesses have existed since SecureTech’s inception on March 2, 2017, and have not been remedied as of September 30, 2025.

Management believes that in order to cure the aforementioned material weaknesses, SecureTech needs to take the following steps:

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Expand our current board of directors to include additional independent individuals who are willing to perform directorial functions; and

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Establish an Audit Committee comprised solely of independent directors.

Management believes that addressing the identified material weaknesses requires the addition of at least three independent directors with appropriate professional business and accounting experience, a solid understanding of U.S. GAAP, and familiarity with securities regulatory compliance and financial reporting requirements.

As of September 30, 2025, SecureTech was actively recruiting qualified independent director candidates and expects to appoint a minimum of three new independent board members during the fiscal quarter ending December 31, 2025. These directors are expected to serve as the Company’s Audit Committee.

Management believes that the appointment of these independent directors and the establishment of an Audit Committee will remediate the remaining material weaknesses in the Company’s internal control over financial reporting before the end of the current fiscal period.

Changes in Controls and Procedures

There have been no changes in our internal control over financial reporting that occurred