SCTH on OTC
Securetech Innovations, Inc.
American motor vehicle parts and accessories company based in Roseville2
In its 2026 annual report the company says: “We operate through three primary business units—AI UltraProd, Piranha Blockchain, and Terra Nova Technologies (Top Kontrol product line)—each addressing distinct high‑growth sectors with significant long‑term demand drivers.”13 Its shares trade on OTC under the symbol SCTH.2
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with AZIO AI HOLDINGS, INC., Rubber Leaf Inc or Worksport Ltd, or pick any stock.
- TickerSCTH on OTC2
- IndustryMotor Vehicle Parts & Accessories2
- HeadquartersRoseville, United States2
- Incorporated inWY3
- Business address2355 Highway 36 West, Suite 400, Roseville, Mn 551133
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI5493000SJHC6SGXI98262
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o Registered Agents Inc, 30 N Gould St Ste R, 82801 Sheridan, United States2
- Registered withBusiness Center (Wyoming Secretary of State), 2017-0007444272
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
24.6%Gross margin5
3.0%Operating margin5
2.6%Net margin5
54137.8%Revenue growth, 20255
1.8%Return on equity5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue75¢$5.8M
- Research and development4¢$280.3K
- Selling, general and admin0¢$20.6K
- Other costs17¢$1.3M
- Income tax2¢$117.6K
- Profit3¢$203.3K
Out of $7.7M in revenue.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales of goods | $6.8M | $14.2K |
| Service revenue | $927.2K | |
| Total revenues | $7.7M | $14.2K |
| Cost of revenues | $5.8M | $3.4K |
| Gross profit | $1.9M | $10.8K |
| General and administrative | $1.4M | $414.4K |
| Selling and marketing expenses | $20.6K | |
| Research and development | $280.3K | |
| Total operating expenses | $1.7M | $414.4K |
| Income (loss) from operations | $235.3K | -$403.6K |
| Change in fair value of notes payable | -$4.3K | |
| Interest income | $76 | |
| Interest expense | -$77.5K | -$5.9K |
| Government grants | $429 | |
| Others, net | -$68.3K | |
| Total other income (expenses) | -$149.6K | -$5.9K |
| Income (loss) before income taxes | $85.7K | -$409.4K |
| Provision for income taxes | -$117.6K | |
| Net profit (loss) before allocation to non-controlling interests | $203.3K | -$409.4K |
| Less: Net profit attributable to redeemable non-controlling interests | $23.9K | |
| Less: Net profit attributable to non-controlling interests | $66.6K | |
| Net profit (loss) attributable to SecureTech shareholders | $112.8K | -$409.4K |
| Earnings (loss) per share: Basic | $0.00 | -$0.01 |
| Earnings (loss) per share: Diluted | $0.00 | -$0.01 |
| Weighted average common shares outstanding: Basic | 40.0M shares | 78.1M shares |
| Weighted average common shares outstanding: Diluted | 223.0M shares | 78.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and equivalents | $233.8K | |||
| Accounts receivable, net | $1.9M | |||
| Amounts due from related parties | $24.1K | |||
| Inventories | $1.9M | |||
| Prepayments and other current assets | $3.4M | $1.1K | ||
| Total current assets | $7.5M | $1.1K | ||
| Equipment, net | $312.2K | $2.5K | ||
| Operating lease right-of-use, net | $291.4K | |||
| Intangible assets, patents | $3.5M | |||
| Goodwill | $6.3M | |||
| Accounts receivable, net of non-current portion | $1.2M | |||
| Deferred tax asset | $117.2K | |||
| Total non-current assets | $11.7M | $2.5K | ||
| Total assets: | $19.2M | $3.6K | ||
| Accounts payable | $1.5M | $14.2K | ||
| Accounts payable, related parties | $63.1K | $51.0K | ||
| Accrued payroll, related parties | $59.5K | $322.4K | ||
| Amounts due to related parties | $4.6K | |||
| Contract liabilities | $164.3K | |||
| Notes payable | $551.8K | |||
| Notes payable, related parties | $192.5K | $39.6K | ||
| Operating lease liabilities, current portion | $99.3K | |||
| Short-term borrowings | 2.5M CNY | 17.5M CNY | ||
| Accrued expenses and other current liabilities | $1.3M | $16.4K | ||
| Total current liabilities | $6.4M | $443.7K | ||
| Operating lease liabilities, net of current portion | $194.7K | |||
| Deferred tax liabilities | $548.2K | |||
| Total non-current liabilities | $742.9K | |||
| Total liabilities: | $7.1M | $443.7K | ||
| Mezzanine equity: Redeemable non-controlling interest | $738.3K | $738.3K | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; 18,295 and 13,400 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $18 | $13 | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized; 31,377,368 and 78,086,881 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $31.4K | $78.1K | ||
| Contingent consideration | $1.7M | |||
| Additional paid in capital | $10.4M | $1.2M | ||
| Accumulated deficit | -$1.6M | -$1.7M | ||
| Accumulated other comprehensive loss | $76.9K | |||
| SecureTech shareholders | $10.6M | -$440.0K | ||
| Non-controlling interests | $734.6K | |||
| Total stockholders equity (deficit) | $11.3M | -$440.0K | $148.9K | |
| Total liabilities and stockholders equity | $19.2M | $3.6K | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 50.0M shares | 50.0M shares | ||
| Preferred Stock, Shares Issued | 18.3K shares | 13.4K shares | ||
| Preferred Stock, Shares Outstanding | 18.3K shares | 13.4K shares | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 500.0M shares | 500.0M shares | ||
| Common Stock, Shares, Issued | 31.4M shares | 78.1M shares | ||
| Common Stock, Shares, Outstanding | 31.4M shares | 78.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and equivalents | $233.8K | |||
| Accounts receivable, net | $1.9M | |||
| Amounts due from related parties | $24.1K | |||
| Inventories | $1.9M | |||
| Prepayments and other current assets | $3.4M | $1.1K | ||
| Total current assets | $7.5M | $1.1K | ||
| Equipment, net | $312.2K | $2.5K | ||
| Operating lease right-of-use, net | $291.4K | |||
| Intangible assets, patents | $3.5M | |||
| Goodwill | $6.3M | |||
| Accounts receivable, net of non-current portion | $1.2M | |||
| Deferred tax asset | $117.2K | |||
| Total non-current assets | $11.7M | $2.5K | ||
| Total assets: | $19.2M | $3.6K | ||
| Accounts payable | $1.5M | $14.2K | ||
| Accounts payable, related parties | $63.1K | $51.0K | ||
| Accrued payroll, related parties | $59.5K | $322.4K | ||
| Amounts due to related parties | $4.6K | |||
| Contract liabilities | $164.3K | |||
| Notes payable | $551.8K | |||
| Notes payable, related parties | $192.5K | $39.6K | ||
| Operating lease liabilities, current portion | $99.3K | |||
| Short-term borrowings | 2.5M CNY | 17.5M CNY | ||
| Accrued expenses and other current liabilities | $1.3M | $16.4K | ||
| Total current liabilities | $6.4M | $443.7K | ||
| Operating lease liabilities, net of current portion | $194.7K | |||
| Deferred tax liabilities | $548.2K | |||
| Total non-current liabilities | $742.9K | |||
| Total liabilities: | $7.1M | $443.7K | ||
| Mezzanine equity: Redeemable non-controlling interest | $738.3K | $738.3K | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; 18,295 and 13,400 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $18 | $13 | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized; 31,377,368 and 78,086,881 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $31.4K | $78.1K | ||
| Contingent consideration | $1.7M | |||
| Additional paid in capital | $10.4M | $1.2M | ||
| Accumulated deficit | -$1.6M | -$1.7M | ||
| Accumulated other comprehensive loss | $76.9K | |||
| SecureTech shareholders | $10.6M | -$440.0K | ||
| Non-controlling interests | $734.6K | |||
| Total stockholders equity (deficit) | $11.3M | -$440.0K | $148.9K | |
| Total liabilities and stockholders equity | $19.2M | $3.6K | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 50.0M shares | 50.0M shares | ||
| Preferred Stock, Shares Issued | 18.3K shares | 13.4K shares | ||
| Preferred Stock, Shares Outstanding | 18.3K shares | 13.4K shares | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 500.0M shares | 500.0M shares | ||
| Common Stock, Shares, Issued | 31.4M shares | 78.1M shares | ||
| Common Stock, Shares, Outstanding | 31.4M shares | 78.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net profit (loss) | $203.3K | -$409.4K |
| Depreciation of property and equipment | $42.8K | $983 |
| Amortization of intangible assets | $183.4K | |
| Loss on disposal of equipment | $80.8K | |
| Imputed and amortized interest | $9.2K | $2.2K |
| Loss on issuance of notes payable | $46.1K | |
| Change in fair value of notes payable | $4.3K | |
| Stock-based compensation expense | $261.8K | $51.1K |
| Amortization of operating lease right-of-use assets | $45.5K | |
| Deferred income taxes | -$117.6K | |
| Increase in accounts receivable | -$1.4M | |
| (Increase) decrease in inventories | -$690.2K | $13.7K |
| Decrease in amounts due from related parties | $45.8K | |
| increase in prepayments and other current assets | -$466.2K | -$26 |
| Increase in operating lease right-of-use assets, net | $27.8K | |
| Increase in accounts receivable, net of current portion | -$746.8K | |
| Increase in accounts payable | $620.6K | $8.3K |
| Increase in accounts payable, related parties | $12.1K | $61.0K |
| Decrease in contract liabilities | -$192.8K | |
| Decrease in other payables, related party | -$49.0K | |
| Decrease in operating lease liabilities | -$66.1K | |
| Increase in accrued expenses and other current liabilities | $1.2M | $211.7K |
| Net cash used in operating activities | -$922.6K | -$60.6K |
| Acquisition of equipment | -$228.9K | |
| Cash acquired from the acquisition of subsidiaries | $364.3K | |
| Net cash provided by investing activities | $135.4K | |
| Issuance of common shares for cash | $5.0K | $15.0K |
| Proceeds from notes payable | $606.4K | $39.6K |
| Proceeds from short-term borrowings | $1.1M | |
| Payments on short-term borrowings | -$792.2K | |
| Net cash provided by financing activities | $945.8K | $54.6K |
| Net increase (decrease) in cash | $158.6K | -$6.0K |
| Effects of exchange rate changes on cash | $75.2K | |
| Cash paid for interest | $72.2K | $4.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Securetech Innovations, Inc. sits at the top of its group. 6 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- Securetech Innovations, Inc. Roseville, Minnesota, United States
- AI UltraProd, Inc. Subsidiary · Wyoming, United States
- Aiultraprod Group Limited Subsidiary · Hong Kong
- Piranha Blockchain, Inc. Subsidiary · Wyoming, United States
- Terra Nova Technologies, Inc. Subsidiary · Wyoming, United States
- Top Kontrol, LLC Subsidiary · Wyoming, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What Securetech Innovations, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $278.7K5 Dec 31, 2025 | ||
| Furniture and fixtures | $27.9K5 Dec 31, 2025 | ||
| Computer equipment and software | $90.9K5 Dec 31, 2025 | $4.9K5 Dec 31, 2024 | +1749.2% |
| Property and equipment, before depreciation | $397.5K5 Dec 31, 2025 | $4.9K5 Dec 31, 2024 | +7985.5% |
| Accumulated depreciation | $85.3K5 Dec 31, 2025 | $2.4K5 Dec 31, 2024 | +3433.2% |
| Property and equipment, net | $312.2K5 Dec 31, 2025 | $2.5K5 Dec 31, 2024 | +12374.2% |
| Operating-lease assets (leased space) | $291.4K5 Dec 31, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $233.8K5 Dec 31, 2025 | $6.0K9 Dec 31, 2023 | +3805.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $6.3M5 Dec 31, 2025 | ||
| Finite-lived intangibles, net | $3.5M5 Dec 31, 2025 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.9M5 Dec 31, 2025 | $13.7K9 Dec 31, 2023 | +14151.6% |
| Finished goods | $961.8K5 Dec 31, 2025 | $11.7K9 Dec 31, 2023 | +8099.2% |
Properties, in its own words
SecureTech’s principal executive offices are in leased office space located at 2355 Highway 36 West, Suite 400, Roseville, MN 55113.
AI UltraProd leases executive office space in Hong Kong and operates production facilities from leased industrial premises in Zhejiang Province, PRC.
The rest of Item 2
SecureTech does not own or lease any other property or equipment.
Item 2 of the 10-K filed Mar 25, 2026.13
Leadership
Who has led Securetech Innovations, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
20202025
- Chief executive officerJ. Scott Sitra Jan 21, 2025 to now14
- Chief executive officerLee Kao Apr 24, 2018 to Jan 13, 202515
- PresidentJ. Scott Sitra Jan 21, 2025 to now14
- PresidentLee Kao Apr 24, 2018 to Jan 13, 202515
- Chief financial officerAnthony Vang Jul 6, 2026 to now16
Board members and other officers (6)
- General ManagerLee Kao Feb 21, 2025 to now17
- Treasurer/SecretaryAnthony Vang Apr 24, 2018 to now18
- Vice PresidentAbdikarim Farah Apr 30, 2018 to Jan 13, 202519
- Board memberJ. Scott Sitra Jan 21, 2025 to now14
- Board memberAnthony Vang Apr 24, 2018 to now18
- Board memberLee Kao Apr 24, 2018 to Jan 13, 202515
Named in SEC Form D filings
People the company listed in its private-offering notices.
- President and CEOKao Lee named Feb 9, 2022 to Jul 16, 202420
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- AI UltraProd, Inc. Wyoming4
- Aiultraprod Group Limited Hong Kong4
- Piranha Blockchain, Inc. Wyoming4
- Piranha Blockchain, Ltd. Anguilla4
- Terra Nova Technologies, Inc. Wyoming4
- Top Kontrol, LLC Wyoming4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Securetech, Inc.Jul 18, 2017 to Feb 16, 20183
Timeline
- Aug 20, 20268-K Financial statements and exhibits21
- Aug 17, 20268-K Entered a material agreement; Ended a material agreement; Unregistered sale of shares22
- Aug 5, 20268-K Change of auditor; Earlier financial statements no longer reliable; Regulation FD disclosure23
- Jun 10, 20268-K Executive or director change24
- May 12, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation25
- Apr 16, 20268-K Executive or director change; Regulation FD disclosure26
- Apr 10, 20268-K Unregistered sale of shares; Regulation FD disclosure27
- Apr 10, 20268-K Unregistered sale of shares; Other events28
- Apr 2, 20268-K Unregistered sale of shares; Regulation FD disclosure29
- Jan 12, 20268-K Unregistered sale of shares30
- Nov 10, 20258-K Unregistered sale of shares31
- Sep 25, 20258-K Entered a material agreement; New debt or obligation32
- Jan 21, 2025New chief executive J. Scott Sitra becomes CEO14
- Apr 24, 2018New chief executive Lee Kao becomes CEO15
- Mar 2, 2017Founded Securetech Innovations, Inc. is founded2
Filings
108 filings to the SEC since October 2021: 9 annual reports, 18 quarterly reports, 33 major events, 30 insider forms, 4 private raises, 14 other. The latest 20:
- Sep 23, 202610-K/A AMENDED ANNUAL REPORT EDGAR
- Sep 9, 2026S-1 EDGAR
- Aug 24, 20264 PRIMARY DOCUMENT EDGAR
- Aug 20, 20268-K/A CURRENT REPORT EDGAR
- Aug 19, 202610-Q QUARTERLY REPORT EDGAR
- Aug 17, 20268-K CURRENT REPORT EDGAR
- Aug 14, 2026NT 10-Q SECURETECH INNOVATIONS FORM NT 10-Q (6-30-26) EDGAR
- Aug 12, 20264 PRIMARY DOCUMENT EDGAR
- Aug 12, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 6, 202610-Q/A AMENDED QUARTERLY REPORT EDGAR
- Aug 6, 202610-K/A AMENDED ANNUAL REPORT EDGAR
- Aug 5, 202610-Q/A AMENDED QUARTERLY REPORT EDGAR
- Aug 5, 202610-Q/A AMENDED QUARTERLY REPORT EDGAR
- Aug 5, 20268-K CURRENT REPORT EDGAR
- Jul 6, 20264 PRIMARY DOCUMENT EDGAR
- Jun 10, 20268-K CURRENT REPORT EDGAR
- May 21, 20264 PRIMARY DOCUMENT EDGAR
- May 21, 20264 PRIMARY DOCUMENT EDGAR
- May 21, 20264 PRIMARY DOCUMENT EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
The 108 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
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | SITRA J SCOTTPresident & CEO | Buy | 1,000 | $100,000.00 | $100.0M | Form 4 |
From Forms 4 filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 16, 2024Filed a private offering of equity Form D: $525,000 offered in all Form D
- Jun 15, 2023Filed a private offering of equity Form D: $525,000 offered in all Form D
- Jul 1, 2022Filed a private offering of equity Form D: $350,000 offered in all Form D
- Feb 9, 2022Filed a private offering of equity Form D: $500,000 offered in all Form D
SEC filer profile
How Securetech Innovations, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSecuretech Innovations, Inc.1
- CIK0001703157
- Employer ID (EIN)82-097278213
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
- Incorporated inWyoming13
- Fiscal year endsDecember 311
- Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address2355 Highway 36 West, Suite 400, Roseville, MN 551131
- Phone612-317-89901
- Shares outstanding17,129,717 as of Aug 19, 202612
- Public float$79.3M as of Jun 30, 202513
- AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 273813
- On EDGAR sinceJul 18, 20171
- Filings169 in all: 8-K (39), 5 (27), 10-Q (26), 4 (14), UPLOAD (9), 10-K (8), D (7), 3 (5)1
All 22 form types
NT 10-Q (5), 10-K/A (4), S-1 (4), 10-Q/A (3), CORRESP (3), S-1/A (3), 4/A (2), 424B3 (2), EFFECT (2), NT 10-K (2), 8-A12G (1), 8-K/A (1), DRS (1), RW (1)
- Latest filingsAnnual report (10-K) Mar 25, 2026
Quarterly report (10-Q) Aug 19, 2026
Latest 8-K (8-K) Aug 17, 2026
Risk factors and legal proceedings
The risks Securetech Innovations, Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 42 risks under these headings, as written.13
- Additionally, macroeconomic and geopolitical developments, escalating global conflicts, supply chain disruptions, labor market constraints, rising rates of inflation, and rising interest rates may amplify many of the risks discussed below to which we are subject. Among other factors, significant disruption to our supply chain for products we sell, as a result of geopolitical conflict, or otherwise, could have a material impact on our sales and earnings.
- Risks Related to Our Industry and the Broader Economy
- Risks Related to Our Business
- Risks Related to Our Financial Condition
- Risks Related to Our Business Strategy
- Risks Related to Planned Data Centers and Blockchain Operations
- Risks Related to Market for Our Common Stock
- Risks Related to Our Capital Structure and Public Company Status
- Risks Related to Ownership of Our Common Stock
- Our industry is highly competitive, and as a small company with an unknown brand, we are at a disadvantage to our competitors.
- Our use of AI technologies may adversely impact our business, reputation, financial condition and results of operations.
- Use of artificial intelligence in our operations could result in reputational or competitive harm and legal or regulatory liability.
The other 38 risks
- Our products may not achieve market acceptance, which would significantly reduce our chances of success.
- If the market prefers to buy our competitors’ products and services, SecureTech may fail.
- Consumer trends, seasonal fluctuations, and general global economic conditions can lead to unpredictable operating results.
- We may be unable to successfully manage our inventory to match consumer demand.
- We may implement a product recall or voluntary market withdrawal, which could significantly increase our costs, damage our reputation, and disrupt our business.
- We may be unable to protect our proprietary rights and intellectual property.
- While no current lawsuits are filed against SecureTech, there is a possibility that claims may arise in the future.
- Our business's success depends heavily on key personnel, particularly J. Scott Sitra, and his business experience, understanding of the industries we compete in, and general global business operations. SecureTech would likely fail if we were to lose his services.
- Our officers and directors currently control an aggregate of approximately 85.5% of our eligible votes in all voting matters. Accordingly, our officers and directors can effectively determine and control all corporate decisions, even if such decisions may not be in the best interest of minority shareholders.
- Our officers and directors have other significant outside business interests and will be able to devote only a portion of their professional time to SecureTech’s operations. As such, our business could fail if any of them are unable or unwilling to devote a sufficient amount of time to our business.
- We depend on third-party contract manufacturers who may not have adequate capacity to fulfill our needs or meet our quality and delivery objectives and timetables.
- We incur significant additional expenses and management’s time relating to SEC reporting and compliance requirements.
- We have agreed to fully indemnify our officers and directors against lawsuits.
- We lack an operating history and are incurring ongoing losses that we expect to continue into the future. There is no assurance that our future operations will result in profitable revenues. If we cannot generate sufficient revenues to operate profitably, our business will fail.
- Operating as a public company requires significant additional expenses and management time, reducing funds available to implement our business plan and potentially adversely affecting our results of operations, cash flow, and overall financial condition.
- There is substantial uncertainty as to whether we will continue operations. If we discontinue operations, you could lose your entire investment.
- We will need additional capital in the future, but there is no assurance that funds will be available on acceptable terms, or at all.
- We intend to acquire other companies and technologies. Any acquisition we make could fail to result in a commercial product or sales, divert our management’s attention, result in additional dilution to our stockholders, and otherwise disrupt our business.
- Our operating results will be harmed if we cannot effectively manage and sustain our future growth or effectively scale our operations.
- Future cryptocurrency and other digital asset holdings, including those held by unrelated third parties, may be exposed to cybersecurity threats and hacking.
- The development and acceptance of cryptographic and algorithmic protocols governing the issuance of and transactions in cryptocurrencies is subject to a variety of factors that are difficult to evaluate.
- Risk related to technological obsolescence and difficulty in obtaining advanced hardware.
- Our future data centers will be subject to various property and other insurance risks.
- The financial performance of our future data centers may be impacted by price fluctuations in the power market and other market factors beyond SecureTech’s control.
- Hazards associated with high-voltage electricity transmission and industrial operations may result in the suspension of our operations or the imposition of civil or criminal penalties.
- Investing in SecureTech is a risky investment and could result in the loss of your entire investment.
- An active trading market for shares of our common stock has yet to develop and may never develop. In the event a market does develop in the future, such future market prices for our shares may be volatile.
- We do not intend to pay any dividends on our common stock, so there are limited ways to profit from an investment in SecureTech Innovations, Inc.
- We have certain anti-takeover provisions and may issue additional securities, including common and preferred shares, without shareholder consent. This may make it difficult, if not impossible, to replace or remove our current management and could also result in significant dilution to existing investments in our common stock.
- Sales of our common stock under Rule 144 could reduce our stock price.
- We expect that we will need to raise additional capital in the future, which may not be available on favorable terms, may be available only on terms that are dilutive to existing stockholders and could depress the market price of our common stock.
- Our capital structure and status as a closely held, “controlled company” will concentrate control with our Executive Officers and may limit your ability to influence corporate matters and result in corporate governance that differs from that of other public companies.
- Our status as a “smaller reporting company” allows us to avail ourselves of reduced disclosure and governance requirements, which may make our stock less attractive to investors.
- We will incur increased costs and demands on management as a result of being a public company, and if we fail to maintain effective internal controls over financial reporting and disclosure controls, we could harm our business and the trading price of our common stock.
- The market price of our common stock may be volatile and could decline significantly, and you may lose all or part of your investment.
- We may not be able to satisfy Nasdaq’s initial and continued listing requirements, and any failure to list or maintain our listing could reduce the liquidity and market price of our common stock.
- As we do not expect to pay dividends in the foreseeable future, you must rely on price appreciation of our common stock for return on your investment.
- If securities or industry analysts do not publish research or reports about our business or if they issue unfavorable reports, our stock price and trading volume could decline.
Legal proceedings
Past Legal Proceedings: During the past ten years, no director, nominee for director, executive officer, or promoter of SecureTech has been involved in any legal proceeding that requires disclosure here.
Potential Legal Proceedings: From time to time, we may become subject to various legal proceedings and claims that arise in the ordinary course of our business activities. However, litigation is inherently unpredictable, and the ultimate outcome cannot be forecasted. Any adverse result in these or other legal matters could harm our business. Currently, we are not a party to any claim or litigation.
The opening of Item 3, Legal Proceedings.13
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARLee Kao, Chief executive officer
- 16
- 17SEC EDGARLee Kao, General Manager
- 18SEC EDGARAnthony Vang, Treasurer/Secretary
- 19SEC EDGARAbdikarim Farah, Vice President
- 20
- 21SEC EDGARFinancial statements and exhibits
- 22
- 23
- 24SEC EDGARExecutive or director change
- 25
- 26
- 27
- 28
- 29
- 30SEC EDGARUnregistered sale of shares
- 31SEC EDGARUnregistered sale of shares
- 32