Company: SCTH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001017386-25-000115
Chunk: 28

Company: Securetech Innovations, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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 bank interest received on cash deposits, cashback rewards generated from a bank credit card, and finance charges incurred on carried outstanding balances on our bank credit card. During the six months that ended June 30, 2025, we incurred ($8,314) in other expenses, compared to ($1,777) in other income for the same period of 2024.

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Net Loss

The result was that our net loss was ($188,253) during the six months ended June 30, 2025, compared with ($175,189) for the same period of 2024. This $13,064, or 7.5%, increase in our net loss was primarily attributable to a lack of any sales efforts and related expenses during the fiscal period ended June 30, 2025.

Total Stockholders’ Equity

Our stockholders’ equity was $9,920,506 as of June 30, 2025.

Liquidity and Capital Resources

As of June 30, 2025, we had cash of $373,837 and working capital of approximately $1.75 million, calculated as current assets of $5.58 million less current liabilities of $3.83 million. Current assets consisted primarily of $1.26 million in inventories, $2.92 million in prepayments and other current assets, and $69,900 in amounts due from related parties. Current liabilities consisted primarily of $862,919 in accounts payable, $2.17 million in short‑term borrowings, $26,372 in notes payable, $200,578 in amounts due to related parties, and $357,123 in contract liabilities.

The increase in both current assets and current liabilities compared to December 31, 2024, principally reflects the consolidation of AI UltraProd at the acquisition date and the expansion of our operating scope.

Cash Flows

For the six months ended June 30, 2025:

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Operating activities used $124,329 of cash, driven by our net loss of $188,253, adjusted for non‑cash items (including $505 of depreciation and $2,943 of imputed interest) and working capital changes such as a $61,998 increase in accrued payroll and timing differences in