Overview
- IndustryMiscellaneous Manufacturing Industries1
- HeadquartersLas Vegas, Nevada1
- Incorporated inNV3
- Business address3960 Howard Hughes Pkwy, Suite 500, Las Vegas, Nv 891693
- Filer categoryNon-accelerated filer, Smaller reporting company3
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SmartMetric, Inc. (“SmartMetric” or the “Company”) is a company that was incorporated pursuant to the laws of Nevada on December 18, 2002 and is focused on the biometric technology manufacturing industry. SmartMetric has an issued patent covering technology that involves connection to networks using data cards (smart cards and EMV cards). In addition, SmartMetric holds the sole license to five issued patents covering features of its biometric fingerprint activated cards. SmartMetric’s main products are fingerprint sensor activated payments card for use in the credit and debit card industry, which are currently under development. The SmartMetric fingerprint biometric cards being developed by the Company have a rechargeable battery allowing for portable biometric identification and card activation prior to being presented to or inserted in, a credit or debit card reader. These cards are he…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $02 | $02 | ||||||
| Research and development | $196.5K5 | $129.4K6 | $108.0K7 | $89.2K8 | $76.3K9 | $128.6K10 | $125.9K2 | $51.8K2 |
| Operating expenses | $1.1M10 | $810.9K2 | $621.7K2 | |||||
| Operating income | -$1.2M5 | -$1.0M6 | -$875.7K7 | -$747.5K8 | -$821.8K9 | -$1.1M10 | -$810.9K2 | -$621.7K2 |
| Interest | $9715 | $39.1K6 | $53.4K6 | $58.1K8 | $59.9K9 | $71.3K10 | $127.8K2 | $59.7K2 |
| Income tax | ||||||||
| Net income | -$1.1M5 | -$1.6M6 | -$929.1K7 | -$805.6K8 | -$924.7K9 | -$1.6M10 | -$935.4K2 | -$681.4K2 |
| Earnings per share | $0.0010 | $0.0010 | ||||||
| Earnings per share (diluted) | $0.0010 | $0.0010 | ||||||
| Shares (weighted, basic) | 549.2M shares10 | 710.8M shares10 | ||||||
| Shares (weighted, diluted) | 549.2M shares10 | 710.8M shares10 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $51.7K6 | $4.4K7 | $10.2K8 | $71.4K8 | $10.3K9 | $126.8K10 | $20.0K10 | $6.5K2 |
| Current assets | $121.4K5 | $23.6K6 | $16.6K7 | $78.4K8 | $15.3K9 | $140.5K10 | $28.7K2 | $13.0K2 |
| Total assets | $121.4K5 | $23.6K6 | $16.6K7 | $113.4K8 | $50.3K9 | $140.5K10 | $62.4K2 | $53.2K2 |
| Accounts payable | $1.2M2 | $1.4M2 | ||||||
| Current liabilities | $1.5M5 | $1.6M6 | $1.9M7 | $2.0M8 | $2.3M9 | $2.4M10 | $2.8M2 | $3.1M2 |
| Total liabilities | $2.3M9 | $2.4M10 | $2.8M2 | $3.1M2 | ||||
| Retained earnings | -$30.5M10 | -$31.4M2 | -$32.1M2 | |||||
| Shareholders’ equity | -$1.3M6 | -$1.5M7 | -$2.0M8 | -$2.0M9 | -$2.5M10 | -$2.3M2 | -$2.8M2 | -$3.0M2 |
| Shares outstanding | 234.8M shares14 | 254.7M shares5 | 274.5M shares6 | 385.6M shares7 | 539.3M shares9 | 472.9M shares9 | 2.2B shares10 | 3.5B shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
What it owns
What SmartMetric, 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.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $20.0K10 Jun 30, 2023 | $126.8K10 Jun 30, 2022 | −84.2% |
Properties, in its own words
Our principal office is located at 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89109. We currently lease this property at a rate of approximately $1,100 per month, which varies slightly depending on use of facsimile and internet services. We believe that our existing office facility is adequate for our current needs and that additional space will be available if, and when needed.
Item 2 of the 10-K filed Dec 23, 2024.4
Leadership
Who has led SmartMetric, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerColin Hendrick Sep 11, 2007 to Dec 11, 200715
- PresidentColin Hendrick Sep 11, 2007 to Dec 11, 200715
- Chief financial officerJay Needleman May 23, 2006 to May 23, 200616
Board members and other officers (2)
- Board memberColin Hendrick Sep 11, 2007 to Dec 11, 200715
- Board memberElizabeth Ryba May 2, 2006 to Jan 24, 201317
Timeline
- Nov 7, 20238-K Bylaws or fiscal year changed18
- Nov 14, 20228-K Change of auditor19
- Mar 21, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares20
- Feb 3, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares21
- Sep 11, 2007New chief executive Colin Hendrick becomes CEO15
Filings
67 filings to the SEC since October 2021: 9 annual reports, 10 quarterly reports, 4 major events, 44 other. The latest 20:
- May 20, 2025NT 10-Q SMARTMETRIC, INC. FORM 12B-25 EDGAR
- May 7, 202510-Q SMARTMETRIC, INC. - FORM 10-Q SEC FILING EDGAR
- Dec 23, 202410-K SMARTMETRIC, INC. - FORM 10-K SEC FILING EDGAR
- Nov 14, 2024NT 10-Q SMARTMETRIC, INC. FORM 12B-25 EDGAR
- Sep 30, 2024NT 10-K SMARTMETRIC, INC. FORM 12B-25 EDGAR
- Jun 10, 202410-Q SMARTMETRIC, INC. - FORM 10-Q SEC FILING EDGAR
- May 15, 2024NT 10-Q SMARTMETRIC, INC. FORM 12B-25 EDGAR
- May 3, 2024253G1 SMARTMETRIC, INC. - 253G1 EDGAR
- May 2, 2024QUALIF EDGAR
- Apr 25, 20241-A POS EDGAR
- Feb 21, 202410-Q SMARTMETRIC, INC. - FORM 10-Q SEC FILING EDGAR
- Feb 13, 2024NT 10-Q SMARTMETRIC, INC. FORM 12B-25 EDGAR
- Nov 20, 202310-Q EDGAR
- Nov 8, 2023NT 10-Q EDGAR
- Nov 7, 20238-K EDGAR
- Nov 6, 2023253G1 EDGAR
- Nov 3, 2023QUALIF EDGAR
- Nov 1, 2023CORRESP EDGAR
- Oct 20, 20231-A POS EDGAR
- Oct 19, 202310-K/A EDGAR
The 67 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.
SEC filer profile
How SmartMetric, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSmartMetric, Inc.1
- CIK0001301991
- Employer ID (EIN)05-05435574
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsJune 301
- Industry code (SIC)3990 Miscellaneous Manufacturing Industries1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address3960 Howard Hughes Pkwy, Suite 500, Las Vegas, NV 891691
- Phone(212) 859-50071
- Shares outstanding5,734,831,988 as of May 7, 202513
- Public float$1.0M as of 4
- AuditorVictor Mokuolu, CPA PLLC, Houston, Texas PCAOB ID 67714
- On EDGAR sinceSep 3, 20041
- Filings276 in all: 10-Q (49), 8-K (38), NT 10-Q (37), 10-K (17), NT 10-K (16), UPLOAD (16), 10QSB (12), 10-K/A (9)1
All 36 form types
CORRESP (8), DEF 14C (8), 10QSB/A (6), 3 (6), PRE 14C (6), SB-2/A (5), 10-Q/A (4), 10KSB (4), S-8 (4), 1-A POS (3), 3/A (3), QUALIF (3), 253G1 (2), 4 (2), NTN 10Q (2), S-1 (2), S-1/A (2), S-B/A (2), 1-A (1), 1-A/A (1), 424B4 (1), 8-A12G (1), 8-K/A (1), D (1), DEFR14C (1), EFFECT (1), RW (1), SB-2 (1)
- Latest filingsAnnual report (10-K) Dec 23, 2024
Quarterly report (10-Q) May 7, 2025
Latest 8-K (8-K) Nov 7, 2023
Risk factors and legal proceedings
The risks SmartMetric, Inc. names in Item 1A of its 10-K filed Dec 23, 2024: 25 risks under these headings, as written.4
- Risks Related to Our Financial Position and Need to Raise Additional Capital
- We have a limited operating history as a company and may not be able to effectively operate our business.
- Our business depends upon our ability to keep pace with the latest technological changes, and our failure to do so could make us less competitive in our industry.
- Raising capital may be difficult as a result of our history of losses and limited operating history in our current stage of development.
- We are an early-stage company, have no product revenues, are not profitable and may never be profitable.
- If we are unable to continue as a going concern, our securities will have little or no value.
- We entered into a royalty and licensing agreement with Chaya Hendrick, our CEO, which requires substantial payments by us on an annual basis and additionally in the event gross revenues are derived, which could harm our financial position.
- Risks Relating to our Stage of Development and Business
- Our potential competitors have significantly greater resources than we have, which may make competing difficult.
- Our key personnel and directors are critical to our business, and such key personnel may not remain with our company in the future.
- Rapid technological changes could make our services or products less attractive.
- Sales of our products depend on the development of emerging applications in their target markets and on diversifying and expanding our customer base in new markets and geographic regions, all of which may be financially burdensome or unsuccessful.
The other 15 risks
- Continuing disruption in the global financial markets may adversely impact customers and customer spending patterns.
- Risks Related to Our Intellectual Property
- If we are not able to adequately protect our intellectual property, we may not be able to compete effectively.
- We may incur substantial costs as a result of litigation or other proceedings relating to patent and other intellectual property rights and we may be unable to protect our rights to, or use of, our technology.
- Risks Relating to Market Approval and Government Regulations
- Compliance with regulation of corporate governance and public disclosure diverts time and attention away from revenue generating activities.
- Our technology relies on our ability to gain the acceptance and approval of large banking / credit card institutions, the failure to do so may materially harm our business.
- Risks Relating to the Development and Manufacturing of Our Products
- We currently rely on third party manufacturers and suppliers for certain components of our product; with such parties being, to some extent, outside of our control.
- We have a limited number of suppliers of key components and may experience difficulties in obtaining components for which there is significant demand, which would materially impact our business prospects.
- We utilize third party manufacturing plants for silicon for the manufacturing our products, which, in the event of growth would need to use large quantities of silicon, for which raw material shortages may occur.
- Risks Related to our Securities
- Our board of directors has broad discretion to issue additional securities.
- If securities or industry analysts do not publish research or reports or if they publish unfavorable research or reports, an active market for our common stock may not develop and the price of our common stock could decline.
- Our common stock may be considered a “penny stock,” and may be subject to additional sale and trading regulations that may make it more difficult to sell.
- Our CEO and Chairman, as the sole holder of our Series B Convertible Preferred Stock, controls our company.
- Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and operating results and stockholders could lose confidence in our financial reporting.
- We have not paid dividends on our common stock in the past and do not expect to pay dividends on our common stock for the foreseeable future. Any return on investment may be limited to the value of our common stock.
- The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain qualified board members.
Legal proceedings
From time to time, we may be a defendant or plaintiff in various legal proceedings arising in the normal course of our business. As of the date of this Annual Report, there are no material pending legal or governmental proceedings relating to us or properties to which we are a party, and, to our knowledge, there are no material proceedings to which any of our directors, executive officers or affiliates are a party adverse to us or which have a material interest adverse to us.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARElizabeth Ryba, Board member
- 18SEC EDGARBylaws or fiscal year changed
- 19SEC EDGARChange of auditor
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