SecureTech Innovations, Inc. amended its 2025 annual report to restate previously issued financial statements after reclassifying certain accounts receivable from current to non-current assets and redeemable non-controlling interests from permanent to mezzanine equity, with corresponding accretion adjustments. Management also identified an additional material weakness in controls over complex equity instruments and balance-sheet asset classifications.
For 2025, SecureTech reported revenue of $7,720,757, compared with $14,235 in 2024. AI UltraProd, acquired June 23, 2025, generated substantially all consolidated revenue and was included from its acquisition date. Net income attributable to SecureTech shareholders was $112,777, versus a $409,440 loss in 2024. Operating cash used was $922,571, compared with $60,598 in 2024; cash was $233,825 at year-end. The auditor cited negative operating cash flows over the past two years and an accumulated deficit that raises substantial doubt about the company’s ability to continue as a going concern.
SecureTech Innovations, Inc. (SCTH) is registering a primary best-efforts offering of up to 228,000 shares of common stock, based on an assumed price of $22.00 per share, for gross proceeds of about $5.0 million. The deal is underwritten on a reasonable best-efforts basis by Craft Capital Management and will close only if SecureTech’s common stock is approved for listing on the Nasdaq Capital Market; otherwise, the offering will not be completed.
After underwriting fees and estimated expenses, the company expects net proceeds of about $4.6 million, to be used to repay $2.18 million of notes, fund AI UltraProd’s growth and U.S. expansion, and for working capital and potential acquisitions. SecureTech operates three units—AI UltraProd (industrial AI-driven 3D printing and robotics), Piranha Blockchain (digital-asset infrastructure), and Terra Nova Technologies (Top Kontrol automotive safety, slated for spin-off).
AI UltraProd, acquired in June 2025, generated $7.7 million of 2025 revenue and all revenue for the first half of 2026, but the company reported a $1.43 million net loss for the six months ended June 30, 2026 and carries a going concern warning. Previously issued 2025 and interim financial statements were restated, and management has identified material weaknesses in internal control. Following the offering, the CEO is expected to control about 52.3% of voting power, making SecureTech a “controlled company,” though it does not currently plan to use related governance exemptions.
Securetech Innovations, Inc. (SCTH) reported an insider purchase by President & CEO Sitra J. Scott. On August 21, 2026, Scott purchased 1,000 shares of Series A Preferred Stock at $100,000 per share, bringing her direct holdings in this preferred class to 11,390 shares. A separate holding entry shows she directly owns 115,000 shares of Common Stock following these transactions.
SecureTech Innovations, Inc. (SCTH) filed an amended current report to update the audited financial statements of Zhejiang Jizhu Technology Co., Ltd., a PRC-based 3D-printing construction business in which SecureTech acquired an indirect 90% interest on June 23, 2025. The amendment responds to SEC staff comments and replaces Exhibit 99.1 so that the audit opinion of Gary Cheng CPA Limited explicitly covers both the 2023 and 2024 consolidated financial statements under US GAAP, with an unqualified opinion for each year and no restatement or change to any reported amounts.
The amended exhibit shows Zhejiang Jizhu generated RMB 21.1 million revenue in 2024, up sharply from RMB 1.6 million in 2023, but recorded net losses of RMB 6.2 million and RMB 5.4 million, respectively, and negative operating cash flows of RMB 12.6 million in 2024. Total equity was RMB 15.2 million at December 31, 2024, supported by capital injections and bank borrowings. The amendment is limited to financial statement and auditor-consent exhibits; all other disclosures from the original report remain unchanged.
SecureTech Innovations, Inc. (SCTH) reported its first meaningful operating scale from the AI UltraProd acquisition, with six‑month 2026 revenue of $4,852,716 versus no revenue a year earlier, producing gross profit of $1,073,080 but a net loss of $1,441,466 for the six months ended June 30, 2026.
Total assets were $20,910,360, including $3,301,693 of patents and $6,278,366 of goodwill from AI UltraProd, against $9,352,841 of total liabilities and $783,324 of mezzanine redeemable non‑controlling interests. Cash was $311,711, with net cash used in operations of $2,228,293 over six months, funded largely by new short‑term borrowings of $2,417,048 and multiple high‑discount convertible and structured notes.
SecureTech disclosed substantial doubt about its ability to continue as a going concern, citing continuing losses, limited cash, lack of committed financing, and near‑term obligations that cannot be met from existing liquidity alone. Management plans rely on raising additional equity and debt, restructuring short‑term bank loans, reducing costs, and scaling AI UltraProd, but stated these plans do not presently eliminate the going‑concern uncertainty.
SecureTech Innovations, Inc. entered into a Permanent Subsidiary and Earnout Election Agreement under which it unanimously elected with its partners to forgo a previously contemplated spin-off and retain AI UltraProd, Aiultraprod Group, and Zhejiang Jizhu as permanent subsidiaries. The company confirms it holds, directly and indirectly, 100% of the voting power and management control of these entities, with an approximately 12% interest in Zhejiang Jizhu characterized as a non-controlling minority interest. In exercising a “No Spin-Off Earnout” provision, SecureTech issued 357 shares of Series A Preferred Stock to AIUP Holding Limited as contingent consideration under the 2025 acquisition agreement; this contingent consideration was initially recognized in equity at a fair value of $1,652,910 and the issuance is accounted for within equity without creating additional goodwill. Each preferred share is convertible into 10,000 shares of common stock and carries the rights in the Series A Certificate of Designation, and the founding shareholder retains the right to designate one board member. No cash proceeds, underwriting discounts, or breakup fees were incurred. The issuance relied on Securities Act Section 4(a)(2), so the shares are restricted securities subject to resale limitations. In a related press release, SecureTech highlights plans to expand AI UltraProd’s U.S. operations and notes ongoing preparations for a potential Nasdaq listing, including engagement of a PCAOB-registered audit firm, securities counsel, an underwriter, and independent directors.
SecureTech Innovations, Inc. notified that it will file its Quarterly Report for the quarter ended June 30, 2026 later than the prescribed deadline. The delay is attributed to a recent change in independent registered public accounting firm, from Gary Cheng CPA Limited to Marcum Asia CPAs LLP effective July 31, 2026, and the additional time required for client acceptance, planning, risk assessment, and review of historical financial information.
The company and its advisors have also been restating certain balance sheet classifications in prior-period financial statements, including reclassifying a redeemable non-controlling interest from permanent equity to mezzanine (temporary) equity and moving some accounts receivable from current to non-current assets. These changes required amendments to the Annual Report for the year ended December 31, 2025 and to several prior Quarterly Reports, using accounting, management, and audit resources that would otherwise have supported the current quarter. SecureTech states that its auditor is completing the review of the interim financial statements and that it does not anticipate a significant change in results of operations versus the same quarter last year. The company expects to file the Form 10-Q by August 19, 2026, within the five-day extension allowed under Rule 12b-25.
Vang Anthony reported acquisition or exercise transactions in this Form 4 filing.
Securetech Innovations, Inc. reported that insider Anthony Vang, who serves as CFO, Treasurer & Secretary and is also a director and more than ten percent owner, received a grant of 100,000 shares of common stock on 2026-08-11. The award was reported at $0.0000 per share, increasing his directly held common stock position to 2,949,070 shares after the transaction.
Securetech Innovations, Inc. director and CFO, Treasurer & Secretary Anthony Vang reported a disposition to the issuer of 100,000 shares of common stock on June 24, 2026. The transaction was coded as a "Disposition to issuer" (code D), amending a prior gift code. Following this transaction, Vang directly holds 2,849,070 shares of common stock.
SecureTech Innovations, Inc. filed an amended quarterly report for the three months ended March 31, 2026 after its board concluded that financial statements for 2025 and early 2026 should no longer be relied upon. The restatement corrects classification of certain accounts receivable and reclassifies the redeemable non‑controlling interest in Zhejiang Jizhu Technology to mezzanine equity under ASC 480 with related accretion.
For the quarter, SecureTech generated $2,079,735 in revenue, primarily from its AI UltraProd industrial technology operations, and recorded a net loss attributable to shareholders of $389,137, or $(0.02) per share. Operating cash outflow was $1,085,853, funded mainly by new borrowings and promissory notes.
At March 31, 2026, cash was $407,580 versus current liabilities of $6,046,376, including $3,261,815 of PRC bank loans and several convertible notes with variable conversion prices set at 60% of the lowest trading price in a recent 15‑day window. Management discloses “substantial doubt” about the ability to continue as a going concern and reports an additional material weakness in internal control over financial reporting related to complex equity instruments and balance sheet classifications.