Securetech Innovations, Inc. (SCTH) Form 10-Q — Aug 19, 2026
SecureTech Innovations (OTCQB: SCTH) issued a going-concern warning in its 10-Q for the quarter ended June 30, 2026, holding just $311,711 in cash against $2,228,293 of cash used in operations in the first half, with no committed source of additional financing. The company generated its first meaningful revenue — $4,852,716 for the six months, entirely from the AI UltraProd acquisition — but the net loss widened to $1,441,466, weighed down by $791,845 of other expense including fair-value losses and issuance losses on discounted convertible notes.
Key figures
- Revenue
- 4852716
- Cash Position
- 311711
- Shares Outstanding
- 17129717
- Goodwill
- 6278366
- Debt breakdown
- notes payable $1,722,967 + related-party notes $199,564 + short-term borrowings $3,448,733
- Gross margin q2
- 32.0%
- Q2 2026 revenue
- 2772981
- Working capital
- approximately $0.9 million per MD&A
- Q2 2026 net loss
- 1039954
- Accumulated deficit
- 3033176
- Total current assets
- 9458668
- Gross margin six months
- 22.1%
- Post q convertible note
- $245,300 to Labrys Fund II, LP at 6%
- Share reduction program
- 78% reduction in common shares (~61 million shares) via Series A preferred exchanges
- Post q related party note
- $370,008.35 from Taurus Financial Partners at 8%
- Total current liabilities
- 8625056
- Ai ultraprod fy2025 revenue
- $7.7 million (audited)
- Series a preferred outstanding
- 19,725 at June 30, 2026; 20,082 as of August 19, 2026
- Earnout preferred shares issued
- 357
- Stockholders equity attributable
- 9876396
- Convertible note conversion terms
- conversion price equal to 60% of lowest trading price during 15 trading days before conversion
- Cash used in operations six months
- 2228293
- Contingent consideration settled post q
- 1652910
- Six month net loss attributable to shareholders
- 1431385
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