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CitroTech Inc.

CitroTech Inc. is an American chemicals and allied products company, incorporated in Wyoming.1 It is headquartered in Greenwood Village, Colorado.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCITR on NYSE1
  • IndustryChemicals & Allied Products1
  • HeadquartersGreenwood Village, Colorado1
  • Incorporated inWY2
  • Business address6400 S. Fiddlers Green Cir, Suite 300, Greenwood Village, Co 801112
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financial Officer; Steve Conboy, Chief Technical Officer and Anthony Newton, General Counsel.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-692.7%Operating margin4
-1546.9%Net margin4
194.6%Revenue growth, 20254
-327.1%Return on equity4
-$6.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Products Sale brought in 57% of the revenue CitroTech Inc. broke down this way in fiscal 2025.

  1. Products Sale$1.3M457%up 115% from 2024
  2. Product Installation Service$1.0M443%up 467% from 2024
Products and services by year
Products and services20242025
Products Sale$626.4K$1.3M
Product Installation Service$182.0K$1.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$1.9M
  • Research and development6¢$198.5K
  • Interest42¢$1.5M

Out of $2.4M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$2.4M in 2025
0$1.0M$2.0M$3.0M2021: $0$020212022: $62.7K$62.7K20222023: $520.6K$520.6K2023+730%2024: $808.4K$808.4K2024+55%2025: $2.4M$2.4M2025+195%
Gross profit859$387.1K in 2023
0$100.0K$200.0K$300.0K$400.0K2020: $0$020202021: $20.3K$20.3K20212022: $60.8K$60.8K2022+200%2023: $387.1K$387.1K2023+536%
Operating income85674-$16.5M in 2025+14985% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$109.4K-$109.4K20202021: -$37.9K-$37.9K2021−65%2022: -$2.9M-$2.9M2022+7599%2023: -$10.1M-$10.1M2023+246%2024: -$5.3M-$5.3M2024−47%2025: -$16.5M-$16.5M2025+211%
Net income1085674-$36.8M in 2025
-$40.0M-$30.0M-$20.0M-$10.0M02019: $0$020192020: -$109.4K-$109.4K20202021: -$95.0K-$95.0K2021−13%2022: -$2.9M-$2.9M2022+2962%2023: -$10.1M-$10.1M2023+247%2024: -$6.9M-$6.9M2024−32%2025: -$36.8M-$36.8M2025+435%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$2.4M$808.4K
Cost of revenue, exclusive of amortization and depreciation shown separately below$1.8M$554.2K
Cost of revenue - related parties$60.3K$101.3K
Amortization and depreciation$329.3K$264.7K
General and administration$1.6M$498.4K
Advertising and marketing$673.6K$1.0M
Payroll and management compensation$9.9M$75.0K
Professional fees$2.2M$3.0M
Professional fees - related parties$2.2M$589.3K
Research and development expense$198.5K$14.0K
Total operating expenses$18.9M$6.1M
Loss from operations-$16.5M-$5.3M
Other income$600$0
Interest expense-$1.5M-$257.8K
Interest expense - related parties-$1.3M$0
Interest income$26.9K$0
Financing expense-$6.2M$0
Financing expense - related party-$2.5M$0
Loss on fair value of derivative liability-$2.0M-$409.8K
Loss on settlement of debt-$6.8M-$909.5K
Total other expense-$20.3M-$1.6M
Loss before taxes-$36.8M-$6.9M
Provision for income taxes$0$0
Net loss-$36.8M-$6.9M
Comprehensive loss-$36.8M-$6.9M
Net loss per common share - basic-$2.96-$0.82
Net loss per common share - diluted-$2.96-$0.82
Weighted average number of common shares outstanding - basic12.4M shares8.4M shares
Weighted average number of common shares outstanding - diluted12.4M shares8.4M shares

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Corporate structure

CitroTech Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CitroTech Inc.

  • Stephen Conboy Filed SCHEDULE 13D/A on CitroTech Inc., latest Aug 6, 2026 (2 filings since Apr 15, 2025)
  • Theodore Ralston Filed SCHEDULE 13D/A on CitroTech Inc., latest Jun 3, 2026 (3 filings since Mar 24, 2025)
  • BoltRock Holdings LLC Filed SCHEDULE 13D/A on CitroTech Inc., latest Jun 1, 2026 (4 filings since Mar 24, 2025)
  • CitroTech Inc. Greenwood Village, Colorado

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CitroTech Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$729.8K4 Dec 31, 2025$129.5K4 Dec 31, 2024+463.5%
Accumulated depreciation$99.6K4 Dec 31, 2025$18.1K4 Dec 31, 2024+448.6%
Property and equipment, net$630.3K4 Dec 31, 2025$111.4K4 Dec 31, 2024+465.9%
Operating-lease assets (leased space)$753.4K4 Dec 31, 2025$49.3K4 Dec 31, 2024+1426.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.3M4 Dec 31, 2025$775.1K4 Dec 31, 2024+708.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$4.2M7 Dec 31, 2024$4.2M7 Dec 31, 20230%
Accumulated amortization-$743.8K4 Dec 31, 2025-$495.9K4 Dec 31, 2024−50.0%
Finite-lived intangibles, net$5.3M4 Dec 31, 2025$3.7M4 Dec 31, 2024+44.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$620.8K4 Dec 31, 2025$324.7K4 Dec 31, 2024+91.2%
Raw materials$435.5K4 Dec 31, 2025$274.2K4 Dec 31, 2024+58.8%
Finished goods$185.3K4 Dec 31, 2025$50.5K4 Dec 31, 2024+267.2%

Properties, in its own words

The information required by Item 2 of Form 10-K regarding the Company’s physical properties is incorporated herein by reference to Item 1 of Part I of this Annual Report under the section entitled “Facilities.”

Item 2 of the 10-K filed Mar 30, 2026.3

Leadership

Who has led CitroTech Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Timothy J. Koziol2007–2009
  2. Joshua Eugene Ralston2024
  3. Theodore Ralston2025–2026
  4. Wesley James Bolsen2026–now

President

  1. Joshua Eugene Ralston2024
  2. Theodore Ralston2025–now

Chief financial officer

  1. Brett Maxwell Clark2007–2009
  2. Nanuk Warman2025–now

Chief operating officer

  1. Andrew Hotsko2026–now
2010201520202025
Board members and other officers (13)

Former names

  • General Enterprise Ventures, Inc.Oct 19, 2021 to Dec 1, 20252
  • GENERAL ENTERTAINMENT VENTURES, INCMay 18, 2021 to Oct 8, 20212
  • GENERAL ENVIRONMENTAL MANAGEMENT, INCApr 27, 2005 to Apr 15, 20212
  • ULTRONICS CORPAug 8, 1996 to Apr 18, 20052

Timeline

  1. Sep 14, 20268-K Entered a material agreement; Regulation FD disclosure28
  2. Jun 17, 20268-K Executive or director change29
  3. Jun 1, 20268-K Entered a material agreement; Unregistered sale of shares30
  4. Apr 21, 20268-K Entered a material agreement31
  5. Apr 3, 20268-K Entered a material agreement; Executive or director change32
  6. Feb 17, 2026New chief executive Wesley James Bolsen becomes CEO13
  7. Jan 28, 20268-K Bylaws or fiscal year changed; Other events33
  8. Nov 5, 20258-K Entered a material agreement34
  9. Nov 4, 20258-K Entered a material agreement35
  10. Oct 21, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change36
  11. Oct 7, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change37
  12. Sep 23, 2025New chief executive Theodore Ralston becomes CEO14
  13. Sep 10, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed38
  14. Apr 7, 20258-K Executive or director change39
  15. Dec 5, 2024New chief executive Joshua Eugene Ralston becomes CEO15
  16. May 16, 2007New chief executive Timothy J. Koziol becomes CEO16

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202640

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

207 filings to the SEC since October 2021: 16 annual reports, 52 quarterly reports, 26 major events, 58 insider forms, 9 large holders, 46 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 1, 2026S-1/A AMENDMENT NO 1 EDGAR
  3. Sep 28, 2026S-1 REGISTRATION STATEMENT EDGAR
  4. Sep 14, 20268-K EDGAR
  5. Aug 28, 2026DRS EDGAR
  6. Aug 10, 202610-Q/A FORM 10-Q FOR JUN 2026, AMENDMENT 1 EDGAR
  7. Aug 10, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  8. Aug 6, 2026SCHEDULE 13D/A EDGAR
  9. Aug 6, 20264 EDGAR
  10. Jul 29, 20264 EDGAR
  11. Jul 21, 20263 PRIMARY DOCUMENT EDGAR
  12. Jun 17, 20268-K EDGAR
  13. Jun 12, 20264 EDGAR
  14. Jun 5, 20264 EDGAR
  15. Jun 3, 2026SCHEDULE 13D/A EDGAR
  16. Jun 3, 2026S-8 REGISTRATION STATEMENT EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20263 EDGAR
  19. Jun 1, 20268-K EDGAR
  20. Jun 1, 20264 EDGAR

The 207 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

228 open-market trades by officers, directors and large owners since October 2021: 198 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 4, 2026Conboy StephenSale275,001$3.00$825.0KForm 4
Mar 20, 2025Ralston TheodoreDirectorBuy83$7.42$616Form 4
Mar 19, 2025Ralston TheodoreDirectorBuy449$7.12$3.2KForm 4
Mar 18, 2025Ralston Joshua EugeneSale250,000$2.40$600.0KForm 4
Mar 18, 2025Ralston TheodoreDirectorBuy1,183$7.17$8.5KForm 4
Mar 18, 2025Ralston TheodoreDirectorSale9,167$7.50$68.8KForm 4
Mar 17, 2025Ralston TheodoreDirectorBuy34$7.62$259Form 4
Mar 17, 2025Ralston TheodoreDirectorSale13,584$7.50$101.9KForm 4
Mar 14, 2025Ralston TheodoreDirectorBuy665$6.64$4.4KForm 4
Mar 13, 2025Ralston TheodoreDirectorBuy34$7.07$240Form 4
Mar 12, 2025Ralston TheodoreDirectorBuy205$7.41$1.5KForm 4
Mar 12, 2025Ralston TheodoreDirectorBuy497$7.14$3.5KForm 4
Mar 12, 2025Ralston TheodoreDirectorSale22,140$7.31$161.8KForm 4
Mar 11, 2025Ralston TheodoreDirectorBuy51$8.60$439Form 4
Mar 11, 2025Ralston TheodoreDirectorSale50$8.70$435Form 4
Mar 10, 2025Ralston TheodoreDirectorBuy33$8.58$283Form 4
Mar 10, 2025Ralston TheodoreDirectorSale50$8.61$430Form 4
Mar 10, 2025Ralston TheodoreDirectorSale1,866$8.35$15.6KForm 4
Mar 7, 2025Ralston TheodoreDirectorSale20$8.58$172Form 4
Mar 6, 2025Ralston TheodoreDirectorBuy34$7.62$259Form 4

All 228 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC486,620$2.7M0.0%+62,452
Fifth Third Bancorp235,281$1.3M0.0%+114,111
Geode Capital Management, LLC176,239$973.3K0.0%+23,698
Lotus Technology Management, LP750,000$750.0K0.9%No change
Cerity Partners LLC101,275$559.0K0.0%New
Vanguard Fiduciary Trust Co94,625$522.3K0.0%+27,419
State Street Corp63,650$351.3K0.0%+52,000
T3 Companies, LLC40,983$226.2K0.3%+15,983
Wealth Enhancement Advisory Services, LLC40,825$211.1K0.0%New
Northern Trust Corp37,969$209.6K0.0%+11,738
BlackRock, Inc.37,181$205.2K0.0%New
Susquehanna International Group, Llp33,094$182.7K0.0%−50,091
Bridgeway Capital Management, LLC20,600$113.7K0.0%New
LPL Financial LLC15,199$83.9K0.0%+5,000
Coastal Bridge Advisors, LLC12,497$69.0K0.0%+1,666
Centiva Capital, LP12,127$66.9K0.0%+886
Banque Cantonale Vaudoise9$11.0K0.0%New
Jones Financial Companies Lllp1,800$10.0K0.0%No change
Morgan Stanley1,674$9.2K0.0%+477
Tower Research Capital LLC (TRC)1,211$6.7K0.0%New
UBS Group AG1,008$5.6K0.0%+84
Clearstead Advisors, LLC1,000$5.5K0.0%No change
Osaic Holdings, Inc.499$2.8K0.0%No change
KERR FINANCIAL PLANNING Corp216$1.2K0.0%No change
Barclays PLC67$3700.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CitroTech Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCitroTech Inc.1
  • CIK0000894556
  • Employer ID (EIN)87-27651503
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inWyoming3
  • Fiscal year endsDecember 311
  • Industry code (SIC)2800 Chemicals & Allied Products1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address6400 S. Fiddlers Green Cir, Suite 300, Greenwood Village, CO 801111
  • Phone800-401-45351
  • Shares outstanding22,553,474 as of Aug 7, 202612
  • Public float$101.0M as of Jun 20, 20253
  • AuditorWWC, P.C, San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceAug 8, 19961
  • Filings405 in all: 8-K (67), 10-Q (60), 5 (35), 10QSB (31), 4 (24), 10-K (19), 3 (19), NT 10-Q (18)1
    All 44 form types

    CORRESP (16), UPLOAD (15), S-1/A (13), 10KSB (10), 8-K/A (7), DEF 14A (7), NT 10-K (7), SCHEDULE 13D/A (6), 10-Q/A (4), PRE 14A (4), REGDEX/A (4), EFFECT (3), PRER14A (3), S-1 (3), S-8 (3), SC 13G/A (3), SCHEDULE 13D (3), 3/A (2), SC 13D/A (2), 10-K/A (1), 10-K405 (1), 424B3 (1), 8-A12B (1), 8-A12G (1), CERT (1), DEF 14C (1), DRS (1), PRE 14C (1), PREM14A (1), REGDEX (1), RW (1), S-8 POS (1), SB-2 (1), SC 13D (1), SC 13G (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jan 29, 2010
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareCITRNYSE American LLC

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks CitroTech Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 33 risks under these headings, as written.3

  • Risks Relating to Our Business
  • We have incurred losses since inception and cannot assure that we will ever achieve or sustain profitability.
  • We are controlled by one principal stockholder who serves as our Chairman of the Board.
  • If we are unable to expand our base of customers, our future growth and operating results could be adversely affected.
  • If we are unable to expand our base of materials suppliers, our future growth and operating results could be adversely affected.
  • Various factors outside our direct control may adversely affect suppliers and distribution of our product.
  • We are subject to the seasonality of wildfires that may occur and acts of God that are inconsistent and unpredictable.
  • We rely on a small management team, and the loss of key personnel or their limited availability could materially and adversely affect our business
  • Since we have a limited operating history, it is difficult for potential investors to evaluate our business.
  • Increased operating costs and obstacles to cost recovery due to the pricing and cancellation terms of our raw materials and support services contracts may constrain our ability to make a profit.
  • If we do not have sufficient product liability insurance, we may be subject to claims that are in excess of our net worth.
  • Our failure to maintain effective internal controls over financial reporting could have an adverse impact on us.
The other 22 risks
  • Changes in consumer preferences or discretionary consumer spending could harm our performance.
  • We may become subject to potential claims for product liability.
  • Increases in prices of commodities needed to manufacture our product could adversely affect profitability.
  • Risks Related to Regulatory and Legal Matters
  • Our product is provided to emergency services personnel and is intended to protect lives and property, so we are subject to heightened liability and reputational risks if our product fails to provide such protection as intended.
  • Our product is subject to extensive government scrutiny and regulations, including the EPA and USDA Forest Service. There can be no assurance that such regulations will not change and that our product will continue to be approved for usage.
  • Our product or facility could have environmental impacts and side effects.
  • Legal and regulatory claims, investigations and proceedings may be initiated against us in the ordinary course of business. The outcomes and the amounts of any damages awarded, or fines or penalties assessed, cannot be predicted, and could have a material adverse effect on our reputation as well as our business, financial condition and results of operations.
  • Risks Relating to Our Indebtedness
  • We are highly leveraged.
  • We could incur additional indebtedness in the future. If new indebtedness is added to our current debt levels, the related risks we now face could increase.
  • Risks Relating to our Common Stock and Securities
  • Our stock price has fluctuated in the past, has recently been volatile and may be volatile in the future, and as a result, investors in our Common Stock could incur substantial losses.
  • General Business Risks
  • We will be increasingly dependent on information technology, and our systems and infrastructure face certain risks, including cybersecurity and data leakage risks.
  • We could become subject to litigation that could be costly, result in the diversion of management’s time and efforts, require us to pay damages, and/or prevent us from developing or marketing our existing product or future products.
  • We could become subject to patent litigation that could be costly, result in the diversion of management’s time and efforts, require us to pay damages, and/or prevent us from developing or marketing our existing product or future products.
  • Our operating results and stock price may be volatile, and the market price of our Common Stock may decline.
  • The availability of shares for sale in the future could reduce the market price of our Common Stock.
  • The indemnification provisions in our Articles of Incorporation and bylaws under Wyoming law may result in substantial expenditures by our Company and may discourage lawsuits against our directors, officers, and employees.
  • We are classified as a “smaller reporting company,” and we cannot be sure if the reduced disclosure requirements applicable to smaller reporting companies will make our Common Stock less attractive to investors.
  • Because directors and officers currently and for the foreseeable future will continue to control the Company, you will not likely be able to elect directors or have any say in the Company’s policies.
  • We are a “controlled company” within the meaning of the NYSE American listing standards and, as a result, we qualify for, and rely on, exemptions from certain corporate governance requirements. As a result, you do not and may not in the future have the same protections afforded to shareholders of companies that are subject to such requirements.
  • We do not expect to pay dividends in the future; any return on investment may be limited to our Common Stock’s value.
  • Because our Company has anti-takeover mechanisms through the issuance of our Series A Preferred Stock, which votes with the Common Stock together as a single class, this preference could have a negative impact on other stockholders in voting on matters of the Company.
  • Our Series A Preferred Stock may lead to conflicts of interest and could negatively impact the price of our securities.

Legal proceedings

We are not presently party to any pending or other threatened legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results, although from time to time, we may become involved in legal proceedings in the ordinary course of business.

The opening of Item 3, Legal Proceedings.3

Sources

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