Company: OMTK
Filing Date: 2025-04-16
Form Type: 10-K/A
Source: 0001096906-25-000528
Chunk: 7

Company: Omnitek Engineering Corp
Filing Date: 2025-04-16
Form: 10-K/A
Chunk 7
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 ·increased inventory costs as we hold more inventory than we otherwise might in order to avoid problems from shortages or discontinuance, which may result in write-offs if we are unable to use all such products in the future. During the year ended December 31, 2024, two suppliers accounted for 83% of products purchased compared with the year ended December 31, 2023, where four suppliers accounted for 78% of products purchased. Dependence on one or few major customers The Company believes that the diversity of the product line offered alleviates the dependence on any customer. Through widespread use of our product line, Omnitek is striving to develop a wide base of customers. During the year ended December 31, 2024 four customers accounted for approximately 72% of sales. During the year ended December 31, 2023, eight customers accounted for approximately 91% of sales. Patents, trademarks, licenses, franchises, concessions, royalty agreements or labor contracts, including duration Omnitek owns the following Patents and Trademarks: US Patents:

| REG NO. | Title                                          | Filing Date | Jurisdiction  |
| 6374816 | Apparatus and Method for Combustion Initiation | 4/23/2001   | United States |
| 7426920 | Fuel Mixer Apparatus and Method                | 06/06/2007  | United States |

Trademarks:

| Mark    | Reg No. | Class | Reg. Date | Owner   | Jurisdiction  |
| Omnitek | 4525678 |    12 | 5/6/2014  | Omnitek | United States |
| Omnitek | 4525690 |     7 | 5/6/2015  | Omnitek | United States |

The protection of proprietary rights relating to Omnitek’s products and expertise is critical for the business. Omnitek intends to file additional patent applications to protect certain technology and improvements considered important to the development of the Company’s business. The Company also intends to rely upon trade secrets, know-how, continuing technological innovation and licensing opportunities to develop and maintain its competitive position. Page 8 Although the Company intends to seek patent protection for its proprietary technology and products in the United States and in foreign countries, the patent positions of our products are generally uncertain and involve complex legal and factual questions. Consequently, we do not know whether any of the patent applications that we have and will consider filing