STOCK TITAN

SecureTech Innovations (SCTH) delays Q2 2026 report amid auditor change

(Very High)
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • Late Form 10-Q filing for the quarter ended June 30, 2026, requiring reliance on a Rule 12b-25 extension.
  • Multiple prior-period amendments to the 2025 Form 10-K and several Form 10-Qs to restate balance sheet classifications, indicating additional accounting complexity.
Quarter end June 30, 2026 Fiscal quarter covered by the delayed Form 10-Q
Auditor change effective date July 31, 2026 Date SecureTech engaged Marcum Asia CPAs LLP as auditor
Expected 10-Q filing deadline August 19, 2026 Target filing date within the five-day Rule 12b-25 extension
Amended annual period December 31, 2025 Fiscal year-end for which the Form 10-K was amended
Extension length 5 calendar days Maximum additional time allowed for a Form 10-Q under Rule 12b-25
redeemable non-controlling interest financial
"reclassification of a redeemable non-controlling interest in a subsidiary from permanent equity"
A redeemable non-controlling interest is a minority ownership stake in a subsidiary that can be sold back to or bought out by the parent company or subsidiary at a predetermined time or under certain conditions. For investors, it matters because this claim can act like a future cash obligation or potential dilution, changing the parent’s reported equity, net income allocation, and near‑term cash needs—much like a few partners in a small business who can force the owner to buy them out.
mezzanine (temporary) equity financial
"from permanent equity to mezzanine (temporary) equity, together with the related accretion"
non-current assets financial
"reclassification of certain accounts receivable from current assets to non-current assets"
Rule 12b-25 regulatory
"in accordance with Rule 12b-25 under the Securities Exchange Act of 1934"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
interim financial statements financial
"review of the interim financial statements to be included in the Form 10-Q"
Interim financial statements are condensed financial reports covering a short period within a fiscal year—commonly a quarter or month—showing a company’s revenue, expenses, cash flow and snapshot of assets and liabilities for that period. They matter to investors because they provide an up-to-date, mid-year scorecard of performance and trends between annual reports, helping spot improving or deteriorating prospects so decisions can be timed appropriately.

FAQ

Why is SecureTech Innovations (SCTH) delaying its June 30, 2026 Form 10-Q?

SecureTech Innovations is delaying its Form 10-Q because of a recent change in independent auditor and related transition work, including audit planning and review of historical financials, which made timely filing without unreasonable effort or expense impracticable.

When does SecureTech Innovations (SCTH) expect to file its delayed Form 10-Q?

SecureTech Innovations expects to file the Form 10-Q for the quarter ended June 30, 2026 by August 19, 2026, which is within the five-calendar-day extension permitted under Rule 12b-25 for a late quarterly report.

Did SecureTech Innovations (SCTH) change its independent auditor before this late filing?

Yes. Effective July 31, 2026, SecureTech Innovations dismissed Gary Cheng CPA Limited and engaged Marcum Asia CPAs LLP as its independent registered public accounting firm, contributing to additional review and transition work.

Has SecureTech Innovations (SCTH) restated any prior financial statements?

Yes. SecureTech restated certain balance sheet classifications by filing amendments to its 2025 Form 10-K and Form 10-Qs for June 30, 2025, September 30, 2025, and March 31, 2026, mainly reclassifying a redeemable non-controlling interest and certain accounts receivable.

Will SecureTech Innovations (SCTH) report significant changes in results versus last year in the delayed 10-Q?

SecureTech Innovations states it does not anticipate any significant change in results of operations compared with the corresponding quarter of the prior fiscal year, according to the representation made in the late-filing notification.

Are prior periodic reports for SecureTech Innovations (SCTH) otherwise up to date?

SecureTech indicates that all other required periodic reports over the past 12 months have been filed, aside from the current delayed Form 10-Q, although several of those reports were recently amended for balance sheet reclassifications.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC FILE NUMBER: 000-55927

CUSIP NUMBER: 81374C 101

 

(Check One)¨ Form 10-K   ¨ Form 20-F   ¨ Form 11-K   x Form 10-Q   ¨ Form 10-D   ¨ Form N-SAR 

¨ Form N-CSR

 

For the period ended: June 30, 2026

 

¨ Transition Report on Form 10-K 

¨ Transition Report on Form 20-F 

¨ Transition Report on Form 11-K 

¨ Transition Report on Form 10-Q 

¨ Transition Report on Form N-SAR 

 

For the Transitional Period Ended:   

 

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

             

 

 

 

PART I – REGISTRANT INFORMATION

 

              SecureTech Innovations, Inc.                  

Full Name of Registrant

 

                              2355 Highway 36 West, Suite 400                               

Address of Principal Executive Office (Street and Number)

 

                             Roseville, MN  55113                             

 (City, State and Zip Code)



PART II – RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.  (Check box if appropriate)

 

 

 

 

x

(a)The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; 

(b)The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and 

(c)The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. 

 

 

PART III – NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

SecureTech Innovations, Inc. (“SecureTech”) is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026 (“Form 10-Q”) by the prescribed due date without unreasonable effort or expense. Effective July 31, 2026, SecureTech dismissed Gary Cheng CPA Limited and engaged Marcum Asia CPAs LLP as its independent registered public accounting firm. The change in accountants has required substantial additional time and resources, including the new accounting firm’s client acceptance, planning and risk assessment procedures, and its review of SecureTech’s historical financial information, before the review of the interim financial statements to be included in the Form 10-Q could be completed.

 

In connection with the transition, SecureTech and its advisors devoted significant time and effort to the restatement of certain balance sheet classifications in previously issued financial statements, specifically (i) the reclassification of a redeemable non-controlling interest in a subsidiary from permanent equity to mezzanine (temporary) equity, together with the related accretion, and (ii) the reclassification of certain accounts receivable from current assets to non-current assets. To reflect these reclassifications, SecureTech recently filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and amendments to its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025, and March 31, 2026. Completing that work consumed accounting, management, and audit resources that would otherwise have been devoted to preparation of the Form 10-Q.

 

SecureTech’s independent registered public accounting firm is currently completing its review of the interim financial statements to be included in the Form 10-Q in accordance with applicable professional standards. SecureTech expects the consolidated balance sheets included in the Form 10-Q to reflect the reclassifications described above as compared with the amounts originally reported for prior periods. SecureTech anticipates filing the Form 10-Q no later than August 19, 2026, the fifth calendar day following the prescribed due date, in accordance with Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

 

 

PART IV – OTHER INFORMATION

 

(1)Name and telephone number of person to contact in regard to this notification 

 

J. Scott Sitra

 

(651)

 

317-8990

(Name)

 

(Area Code)

 

(Telephone Number)

 

(2)Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If the answer is no, identify report(s).  x Yes   ¨ No 

 

(3)Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?  ¨ Yes   x No 


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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

SECURETECH INNOVATIONS, INC.

 

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Dated: August 14, 2026

By:

/s/ J. Scott Sitra

 

 

President, Chief Executive Officer,

Principal Executive Officer, and Director


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