Document and Entity Information - shares |
6 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Aug. 19, 2025 |
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| Details | ||
| Registrant CIK | 0001404804 | |
| Fiscal Year End | --12-31 | |
| Document Type | 10-Q | |
| Document Quarterly Report | true | |
| Document Period End Date | Jun. 30, 2025 | |
| Entity File Number | 000-53955 | |
| Entity Registrant Name | OMNITEK ENGINEERING CORP. | |
| Entity Incorporation, State or Country Code | CA | |
| Entity Tax Identification Number | 33-0984450 | |
| Entity Address, Address Line One | 1345 Specialty Dr. #E | |
| Entity Address, City or Town | Vista | |
| Entity Address, State or Province | CA | |
| Entity Address, Postal Zip Code | 92081 | |
| City Area Code | 760 | |
| Local Phone Number | 591-0089 | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | false | |
| Entity Shell Company | false | |
| Entity Common Stock, Shares Outstanding | 21,948,091 | |
| Amendment Flag | false | |
| Document Fiscal Year Focus | 2025 | |
| Document Fiscal Period Focus | Q2 | |
| Document Transition Report | false |
Condensed Balance Sheets - Parenthetical - $ / shares |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details {1} | ||
| Common Stock, Shares Authorized | 125,000,000 | 125,000,000 |
| Common Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
| Common Stock, Shares, Issued | 21,948,091 | 21,948,091 |
| Common Stock, Shares, Outstanding | 21,948,091 | 21,948,091 |
Condensed Statements of Operations (unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Details {2} | ||||
| Revenues | $ 605,407 | $ 266,971 | $ 965,153 | $ 504,047 |
| COST OF GOODS SOLD | 383,656 | 156,170 | 602,434 | 309,527 |
| GROSS MARGIN | 221,751 | 110,801 | 362,719 | 194,520 |
| OPERATING EXPENSES | ||||
| General and administrative | 149,895 | 156,953 | 282,346 | 282,997 |
| Research and development | 16,996 | 17,629 | 35,305 | 36,100 |
| Depreciation and amortization | 964 | 964 | 1,928 | 1,401 |
| Total Operating Expenses | 167,855 | 175,546 | 319,579 | 320,498 |
| PROFIT/(LOSS) FROM OPERATIONS | 53,896 | (64,745) | 43,140 | (125,978) |
| OTHER INCOME (EXPENSE) | ||||
| Other income | 88,237 | 0 | 88,461 | 0 |
| Other Expense | (8,559) | (37,647) | (18,397) | (37,647) |
| Interest expense | (6,921) | (5,164) | (13,211) | (10,389) |
| Total Other Income/(Expense) | 72,757 | (42,811) | 56,853 | (48,036) |
| PROFIT/(LOSS) BEFORE INCOME TAXES | 126,653 | (107,556) | 99,993 | (174,014) |
| INCOME TAX EXPENSE | 800 | 800 | 800 | 800 |
| NET PROFIT/(LOSS) | $ 125,853 | $ (108,356) | $ 99,193 | $ (174,814) |
| BASIC AND DILUTED LOSS PER SHARE | $ 0.01 | $ (0.00) | $ (0.00) | $ (0.01) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED | 21,948,091 | 21,948,091 | 21,948,091 | 21,948,091 |
NOTE 1 - ORGANIZATION AND BUSINESS ACTIVITY |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Notes | |
| NOTE 1 - ORGANIZATION AND BUSINESS ACTIVITY | NOTE 1 – ORGANIZATION AND BUSINESS ACTIVITY
Omnitek Engineering, Corp. (“Omnitek” or “the Company”) was incorporated on October 9, 2001 under the laws of the State of California. Omnitek develops and sells proprietary technology to convert diesel engines to an alternative fuel, new alternative fuel engines, and complementary products. Omnitek products are available for stationary applications and the global transportation markets – including light commercial vehicles, buses, heavy-duty trucks, as well as rail and marine applications. The technology can be applied for compressed natural gas (“CNG”), liquefied natural gas (“LNG”), renewable natural gas (“Biogas” or “RNG”), or Hydrogen (“H2”), as well as liquid petroleum gas (“Propane” or LPG”). Omnitek began operations on October 10, 2001, and was a spin-off from Nology Engineering, Inc. |
NOTE 2 - CONDENSED FINANCIAL STATEMENTS |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Notes | |
| NOTE 2 - CONDENSED FINANCIAL STATEMENTS | NOTE 2 - CONDENSED FINANCIAL STATEMENTS
The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2025 and for all periods presented herein, have been made.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2024 audited financial statements. The results of operations for the periods ended June 30, 2025 and June 30, 2024 are not necessarily indicative of the operating results for the full years. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES |
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| NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES
Accounting Methods
The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a December 31, year-end.
Use of Estimates in Preparing Financial Statements
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company also regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances, inventory valuation allowances, allowance for doubtful receivables and valuations of equity-based payments.
Revenue Recognition
In general, revenue is recognized when control of the promised goods is transferred to our customers, in an amount that reflects the consideration to which we expect to be entitled in exchange for the goods or services. In order to achieve that core principle, a five-step approach is applied: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue allocated to each performance obligation when we satisfy the performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition.
We recognize revenue on various products and services as follows:
Products - The Company recognizes revenue from the sale of products as performance obligations are satisfied. This type of revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer (i.e., the performance obligation has been satisfied). Control passes FOB shipping point, or as negotiated.
Performance Obligations
A performance obligation is a promise in a contract to transfer a distinct good or service to a customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of Omnitek’s contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct.
Assurance-type warranties are the only warranties provided by the Company and, as such, Omnitek does not recognize revenue on warranty-related work. Omnitek generally provides a one-year warranty for products that it sells. Warranty claims historically have been insignificant.
Assurance-type warranties are the only warranties provided by the Company and, as such, Omnitek does not recognize revenue on warranty-related work. Omnitek generally provides a one-year warranty for products that it sells. Warranty claims historically have been insignificant.
Disaggregation of Revenue
The following table presents Omnitek’s revenues disaggregated by region and product type:
The following table presents Omnitek’s revenues disaggregated by region and product type:
Inventory
Inventory is stated at the lower of cost or market. The Company’s inventory consists of finished goods and raw material and is located in Vista, California, consisting of the following:
The Company has established an allowance for obsolete inventory. Expense for obsolete inventory was $18,068 and $85,171, for the periods ended June 30, 2025, and December 31, 2024, respectively.
Property and Equipment
Property and equipment at June 30, 2025 and December 31, 2024 consisted of the following:
Depreciation expense for the periods ended June 30, 2025 and June 30, 2024 was $1,928 and $1,401 respectively.
Leases
ASC 842 supersedes the lease requirements in ASC 840 “Leases” and generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use (“ROU”) assets on the balance sheet and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements.
ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. For ROU assets, the Company has elected to account for non-lease components as part of the lease.
Any lease with a term of 12 months or less is considered short-term. As permitted by ASC 842, short-term leases are excluded from the ROU assets and lease liabilities on the balance sheets. Consistent with all other operating leases, short-term lease expense is recorded on a straight-line basis over the lease term.
The Company determines the present value of minimum future lease payments for operating leases by estimating a rate of interest that it would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments and a similar economic environment (the “incremental borrowing rate” or “IBR”).The Company determines the appropriate IBR by identifying a reference rate and making adjustments that take into consideration financing options and certain lease-specific circumstances.
The Company’s lease consists of an operating lease for general office space and warehouse facilities. The Company recognizes rent expense for this lease on a straight-line basis over the lease term. Because the lease does not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at the lease Commencement Date in determining the present value of future lease payments.
Basic and Diluted Loss per Share
The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 1,900,000 and 2,340,000 stock options and warrants that would have been included in the fully diluted earnings per share as of June 30, 2025 and June 30, 2024, respectively. However, the common stock equivalents were not included in the computation because they are anti-dilutive.
Income Taxes
The Company accounts for income taxes in accordance with Accounting Standards Codification Topic 740, Income Taxes ("Topic 740"), which requires the recognition of deferred tax liabilities and assets at currently enacted tax rates for the expected future tax consequences of events that have been included in the financial statements or tax returns. A valuation allowance is recognized to reduce the net deferred tax asset to an amount that is more likely than not to be realized.
Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company's financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.
The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of June 30, 2025 and December 31, 2024 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files an income tax return in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2012.
Fair Value Measurements
The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories:
Level 1 – Quoted prices in active markets for identical assets or liabilities;
Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and
Level 3 – Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing.
Stock-based Compensation
The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a Black-Scholes option pricing model which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock.
Liquidity and Going Concern
Historically, the Company has incurred net losses and negative cash flows from operations. As of June 30, 2025, the Company had an accumulated deficit of $21,928,291 and total stockholders’ deficit of $1,244,489. At June 30, 2025, the Company had current assets of $712,376 including cash of $32,636, and current liabilities of $1,921,481, resulting in negative working capital of $1,209,105. For the six months ended June 30, 2025, the Company reported net income of $99,193 and net cash used in operating activities of $128,809. Management believes that based on its operating plan, the projected sales for 2025, combined with funds available from its working capital will be sufficient to fund operations for the next twelve months. However, there can be no assurance that operations and operating cash flows will continue at the current levels or improve in the near future. Whether, and when, the Company can attain profitability and positive cash flows from operations is uncertain. The Company is also uncertain whether it can raise additional capital. These uncertainties cast substantial doubt upon the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. Our financial statements have been prepared on a going concern basis, which assumes the realization of assets and liquidation of liabilities in the normal course of operations. The financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities should we be unable to continue as a going concern.
Segment Reporting
The Company applies ASC 280, Segment Reporting, in determining reportable segments for its financial statement disclosure. Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer (“CEO”). The Company has determined that it operates as a single operating segment and has one reportable segment.
Recent Accounting Pronouncements
The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position, or statements.
In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures", which amends the disclosure to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an annual and interim basis for to enable investors to develop more decision-useful financial analyses. All public entities will be required to report segment information in accordance with the new guidance starting in annual periods and interim period beginning after December 15, 2023 and December 15, 2024 respectively. The Company is currently assessing potential impacts of ASU 2023-06 and does not expect the adoption of this guidance will have a material impact on its financial statements and disclosures.
In December 2023, the FASB issued ASU 2023-09," Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which amends the disclosure to address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information and includes certain other amendments to improve the effectiveness of income tax disclosures. For entities other than public business entities, the requirements will be effective for annual periods beginning after December 15, 2025. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently assessing potential impacts of ASU 2023-09 and does not expect the adoption of this guidance will have a material impact on its financial statements and disclosures and the Company is in a loss position and not incurring any tax expenses. |
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NOTE 4 - CUSTOMER DEPOSITS |
6 Months Ended |
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Jun. 30, 2025 | |
| Notes | |
| NOTE 4 - CUSTOMER DEPOSITS | NOTE 4 – CUSTOMER DEPOSITS
The customers deposit account relates to payments received from customers before product has been shipped. When the product is shipped the Company recognizes the associated revenue by reclassifying the customer deposit to the appropriate revenue account. For the periods ended June 30, 2025 and December 31, 2024, the balance due under customer deposits was $598,327 and $845,272, respectively. |
NOTE 5 - CONTRACT ASSETS AND LIABILITIES |
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Jun. 30, 2025 | |||||||||||||||||||||||
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| NOTE 5 - CONTRACT ASSETS AND LIABILITIES | NOTE 5 – OPERATING LEASE
The Company’s leases consist of an operating lease for general office space and warehouse facilities. The Company recognizes rent expense for this lease on a straight-line basis over the lease term. Because the lease does not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at the lease Commencement Date in determining the present value of future lease payments.
On June 3, 2021, the Company entered into a lease for the premises located at 1345 Specialty Drive, Vista, CA, containing approximately 11,751 square feet of rentable area. The lease commenced on July 1, 2021 and expires on June 30, 2026. The monthly base rent under the lease is $13,514 per month and monthly operating expenses during the term of the lease, subject to adjustment under the lease, is $1,175 per month.
During the quarter ended June 30, 2025, cash paid for amounts included in the measurement of operating lease liabilities was $44,067 and the Company recorded operating lease expenses included in operating expenses of $37,290.
Future minimum payments for monthly base rent due under the initial lease term are currently estimated to be as follows:
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NOTE 6 - RELATED PARTY TRANSACTIONS |
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| NOTE 6 - RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS
Accounts Payable – Related Parties The Company regularly incurs expenses that are paid to related parties for purchases of goods and services from related parties. As of June 30, 2025 and December 31, 2024, the Company owed related parties for such goods and services in the amounts of $140,516 and $139,834, respectively.
Accounts Receivable – Related Parties As of June 30, 2025, and December 31, 2024, the Company was owed $13,089 and $3,088, respectively, by an entity controlled by the Company’s CEO for the purchase of products and services.
Accrued Management Compensation For the periods ended June 30, 2025 and December 31, 2024, the Company’s president was due amounts for accrued employment compensation.
As of June 30, 2025, and December 31, 2024, the accrued amounts consisted of the following:
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NOTE 7 - NOTES PAYABLE - RELATED PARTIES |
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| NOTE 7 - NOTES PAYABLE - RELATED PARTIES | NOTE 7 – NOTES PAYABLE - RELATED PARTY
Convertible Notes – Related Parties
On June 4, 2021, the Company issued a convertible promissory note for $20,000 to a board member. The note has an annual interest rate of 8% and is unsecured. The principal amount of the note and all accrued interest was due and payable on or before December 4, 2021. On December 14, 2021, the maturity date of convertible promissory note was extended for an additional period of 3 months until March 4, 2022. Subsequently the maturity date was extended for additional periods to June 4, 2022, September 4, 2022, December 4, 2022, June 4, 2023 and December 4, 2023. On December 4, 2023 the Company made a payment of $10,000 reducing the outstanding balance to $10,000 and also extended the note until December 4, 2024. On December 4, 2024 the note was extended until December 4, 2025. The note has a conversion feature, wherein, at the maturity date, the lender may convert the remaining principal balance and any unpaid accrued interest into shares of the Company’s common stock. The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the remaining unpaid principal balance and any unpaid accrued interest of this note by (ii) 90% of the average closing price of the common stock of the Company, for the five (5) trading days (between days 15 and 10 days) before the maturity date. Due to this provision, the Company considered whether the embedded conversion option qualifies for derivative accounting under ASC 815-15 “Derivatives and Hedging.” As the note is not convertible until maturity, no derivative liability was recognized as of June 30, 2025.
As of June 30, 2025 and December 31, 2024 Convertible Notes – Related Party consisted of the following:
Notes Payable – Related Party
On March 23, 2023, the Company issued a Working Capital Promissory Note (the : Working Capital Note”), in favor of its CEO (the “Lender”), evidencing the additional loans to the Company by the CEO, with an Initial Principal Balance of $20,000, and to evidence any future additional advances and loans by the CEO to the Company.. Pursuant to the terms of the Working Capital Note, the unpaid principal and accrued simple interest at the rate of 8.0% per annum (“Applicable Rate”) shall be due and payable on or before March 22, 2026, (the “Maturity Date”). The principal amount of the Working Capital Note shall be increased by the amount of any additional advances made by the CEO to the Company, from time-to-time, with interest thereon at the applicable Rate, from the date of such advance. On September 15, 2023, the Company and the CEO (Lender) agreed that the unpaid principal balance of $15,000 payable under a June 4, 2021 promissory note payable to the CEO would be transferred to and become part of the Working Capital Note. Additionally, on June 4, 2023, the Company and the CEO (Lender) agreed that the unpaid principal balance of $7,940 payable under a January 19, 2017 promissory note payable to the CEO would be transferred to and become part of the Working Capital Note. On March 22, 2024 the Maturity Date of the Working Capital Promissory Note was extended to March 23, 2026. As of June 30, 2025, the principal balance and accrued interest due under the Working Capital Note was $101,940 and $3,366.
As of June 30, 2025, and December 31, 2024, Note Payable – Related Party consisted of the following:
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NOTE 8 - DEBT |
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| NOTE 8 - DEBT | NOTE 8 – DEBT
Loans payable – SBA Economic Injury Disaster Loan
On April 21, 2020, the Company obtained a loan (the “SBA EIDL Loan”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) adminitstered by the U.S. Small Business Administration. The Company received total proceeds of $199,000 from the loan. The SBA EIDL Loan is evidenced by a Loan Authorization and Agreement, a Secured Promissory Note (the “Note” and Security Agreement. Interest on the unpaid principal balance of the Note shall accrue at the rate of three and 75/100 percent (3.75%) per annum. Pursuant to the terms of the Note, commencing May 21, 2022 (i.e., twenty-four (24) months from the Note date), the Company shall make principal and interest payments in the amount of $970 every month, with any unpaid principal and accrued interest due and payable on April 21, 2050. As of June 30, 2025, accrued interest was $5,743. Current monthly payments are applied to the accrued interest. The obligations under the Loan Authorization and Agreement, and the Note, shall be secured pursuant to the Security Agreement and a first position lien and security interest in the Collateral (as defined in the Security Agreement). The collateral in which the security interest is granted includes all tangible and intangible personal property, including, but not limited to: (a) inventory, and (b) equipment.
As of June 30, 2025 and December 31, 2024 Debt consisted of the following:
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NOTE 8 - STOCKHOLDERS' EQUITY |
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTE 8 - STOCKHOLDERS' EQUITY | NOTE 9 – STOCKHOLDERS’ DEFICIT
Options and Warrants
The Company has no warrants outstanding.
On January 10, 2025 and January 14, 2025, 290,000 and 300,000 options expired. During the six months ended June 30, 2025, and June 30, 2024, the Company granted 150,000 and 450,000 options for services, respectively. During the six months ended June 30, 2025, and June 30, 2024, the Company recognized expense of $3,782 and $4,657 respectively, for options that vested during the periods pursuant to ASC Topic 718. As of June 30, 2025, the total remaining amount of compensation expense to be recognized in future periods is $1,174.
On April 24, 2025, in consideration for their services as independent directors, the Company granted to each of Messrs. Gary S. Maier and John M. Palumbo, a Non-Qualified Stock Option pursuant to the 2017 Long-Term Incentive Plan to purchase 50,000 shares of common stock at an exercise price of $0.02, representing 100% of the closing price of the common stock of the Corporation as of April 24, 2025. Said Options shall vest and be exercisable immediately and shall be exercisable for a period of seven years from the date of grant.
Also on April 24, 2025, the Company granted to Werner Funk, President and CEO, a Non-qualified Stock Option pursuant to the 2017 Long-Term Incentive Plan, to purchase 50,000 shares of common stock at any exercise price of $0.022, representing 110% of the closing price of the common stock of the Corporation as of April 24, 2025. Said Options shall vest and be exercisable immediately and shall be exercisable for a period of seven years from the date of grant.
On September 11, 2015, the Board of Directors adopted the Omnitek Engineering Corp. 2015, Long Term Incentive Plan (the “2015 Plan”), under which 2,500,000 shares of the Company’s Common Stock were reserved for issuance of both Incentive Stock Options to employees only and Non-Qualified Stock Options to employees and consultants at its discretion. On February 9, 2024, 855,556 option issued under the 2015 Plan expired. As of June 30, 2025, all options issued under the 2015 plan had expired.
On October 2017, the Company’s shareholders approved its 2017 Long-Term Incentive Plan (the “2017 Plan”). Under the 2017 plan, the Company may issue up to 5,000,000 shares of both Incentive Stock Options to employees only and Non-Qualified Stock Options to employees and consultants at its discretion. As of June 30, 2025 the Company had a total of 1,750,000 options issued under the 2017 Plan. During the quarter ended June 30, 2025, the Company issued 150,000 options.
The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a Black-Scholes option pricing model which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock. When determining expected volatility, the Company considers the historical performance of the Company’s stock, as well as implied volatility. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant, based on the options’ expected term. The expected term of the options is based on the Company’s evaluation of option holders’ exercise patterns and represents the period of time that options are expected to remain unexercised. The Company uses historical data to estimate the timing and amount of forfeitures.
The following table presents the assumptions used to estimate the fair values of the stock options granted:
A summary of the status of the options granted at June 30, 2025, and December 31, 2024, and changes during the periods then ended is presented below:
A summary of the status of the options and warrants outstanding at June 30, 2025 is presented below:
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NOTE 9 - SUBSEQUENT EVENT |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Notes | |
| NOTE 9 - SUBSEQUENT EVENT | NOTE 10 - SUBSEQUENT EVENTS
None |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Accounting Methods (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Accounting Methods | Accounting Methods
The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a December 31, year-end. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates in Preparing Financial Statements (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Use of Estimates in Preparing Financial Statements | Use of Estimates in Preparing Financial Statements
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company also regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances, inventory valuation allowances, allowance for doubtful receivables and valuations of equity-based payments. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue Recognition | Revenue Recognition
In general, revenue is recognized when control of the promised goods is transferred to our customers, in an amount that reflects the consideration to which we expect to be entitled in exchange for the goods or services. In order to achieve that core principle, a five-step approach is applied: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue allocated to each performance obligation when we satisfy the performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition.
We recognize revenue on various products and services as follows:
Products - The Company recognizes revenue from the sale of products as performance obligations are satisfied. This type of revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer (i.e., the performance obligation has been satisfied). Control passes FOB shipping point, or as negotiated.
Performance Obligations
A performance obligation is a promise in a contract to transfer a distinct good or service to a customer and is the unit of account in the new revenue standard. The contract transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of Omnitek’s contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct.
Assurance-type warranties are the only warranties provided by the Company and, as such, Omnitek does not recognize revenue on warranty-related work. Omnitek generally provides a one-year warranty for products that it sells. Warranty claims historically have been insignificant.
Assurance-type warranties are the only warranties provided by the Company and, as such, Omnitek does not recognize revenue on warranty-related work. Omnitek generally provides a one-year warranty for products that it sells. Warranty claims historically have been insignificant.
Disaggregation of Revenue
The following table presents Omnitek’s revenues disaggregated by region and product type:
The following table presents Omnitek’s revenues disaggregated by region and product type:
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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory (Policies) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Policies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory | Inventory
Inventory is stated at the lower of cost or market. The Company’s inventory consists of finished goods and raw material and is located in Vista, California, consisting of the following:
The Company has established an allowance for obsolete inventory. Expense for obsolete inventory was $18,068 and $85,171, for the periods ended June 30, 2025, and December 31, 2024, respectively. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Policies) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||
| Policies | |||||||||||||||||||||||||||||||||||||
| Property and Equipment | Property and Equipment
Property and equipment at June 30, 2025 and December 31, 2024 consisted of the following:
Depreciation expense for the periods ended June 30, 2025 and June 30, 2024 was $1,928 and $1,401 respectively. |
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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Leases (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Leases | Leases
ASC 842 supersedes the lease requirements in ASC 840 “Leases” and generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use (“ROU”) assets on the balance sheet and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements.
ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. For ROU assets, the Company has elected to account for non-lease components as part of the lease.
Any lease with a term of 12 months or less is considered short-term. As permitted by ASC 842, short-term leases are excluded from the ROU assets and lease liabilities on the balance sheets. Consistent with all other operating leases, short-term lease expense is recorded on a straight-line basis over the lease term.
The Company determines the present value of minimum future lease payments for operating leases by estimating a rate of interest that it would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments and a similar economic environment (the “incremental borrowing rate” or “IBR”).The Company determines the appropriate IBR by identifying a reference rate and making adjustments that take into consideration financing options and certain lease-specific circumstances.
The Company’s lease consists of an operating lease for general office space and warehouse facilities. The Company recognizes rent expense for this lease on a straight-line basis over the lease term. Because the lease does not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at the lease Commencement Date in determining the present value of future lease payments. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Basic and Diluted Loss per Share (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Basic and Diluted Loss per Share | Basic and Diluted Loss per Share
The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 1,900,000 and 2,340,000 stock options and warrants that would have been included in the fully diluted earnings per share as of June 30, 2025 and June 30, 2024, respectively. However, the common stock equivalents were not included in the computation because they are anti-dilutive. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Income Taxes | Income Taxes
The Company accounts for income taxes in accordance with Accounting Standards Codification Topic 740, Income Taxes ("Topic 740"), which requires the recognition of deferred tax liabilities and assets at currently enacted tax rates for the expected future tax consequences of events that have been included in the financial statements or tax returns. A valuation allowance is recognized to reduce the net deferred tax asset to an amount that is more likely than not to be realized.
Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company's financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.
The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of June 30, 2025 and December 31, 2024 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files an income tax return in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2012. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurements (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Fair Value Measurements | Fair Value Measurements
The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories:
Level 1 – Quoted prices in active markets for identical assets or liabilities;
Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and
Level 3 – Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Stock-based Compensation (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Stock-based Compensation | Stock-based Compensation
The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a Black-Scholes option pricing model which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Liquidity and Going Concern (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Liquidity and Going Concern | Liquidity and Going Concern
Historically, the Company has incurred net losses and negative cash flows from operations. As of June 30, 2025, the Company had an accumulated deficit of $21,928,291 and total stockholders’ deficit of $1,244,489. At June 30, 2025, the Company had current assets of $712,376 including cash of $32,636, and current liabilities of $1,921,481, resulting in negative working capital of $1,209,105. For the six months ended June 30, 2025, the Company reported net income of $99,193 and net cash used in operating activities of $128,809. Management believes that based on its operating plan, the projected sales for 2025, combined with funds available from its working capital will be sufficient to fund operations for the next twelve months. However, there can be no assurance that operations and operating cash flows will continue at the current levels or improve in the near future. Whether, and when, the Company can attain profitability and positive cash flows from operations is uncertain. The Company is also uncertain whether it can raise additional capital. These uncertainties cast substantial doubt upon the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. Our financial statements have been prepared on a going concern basis, which assumes the realization of assets and liquidation of liabilities in the normal course of operations. The financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities should we be unable to continue as a going concern. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Segment Reporting (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Segment Reporting | Segment Reporting
The Company applies ASC 280, Segment Reporting, in determining reportable segments for its financial statement disclosure. Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer (“CEO”). The Company has determined that it operates as a single operating segment and has one reportable segment. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Policies | |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements
The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position, or statements.
In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures", which amends the disclosure to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an annual and interim basis for to enable investors to develop more decision-useful financial analyses. All public entities will be required to report segment information in accordance with the new guidance starting in annual periods and interim period beginning after December 15, 2023 and December 15, 2024 respectively. The Company is currently assessing potential impacts of ASU 2023-06 and does not expect the adoption of this guidance will have a material impact on its financial statements and disclosures.
In December 2023, the FASB issued ASU 2023-09," Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which amends the disclosure to address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information and includes certain other amendments to improve the effectiveness of income tax disclosures. For entities other than public business entities, the requirements will be effective for annual periods beginning after December 15, 2025. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently assessing potential impacts of ASU 2023-09 and does not expect the adoption of this guidance will have a material impact on its financial statements and disclosures and the Company is in a loss position and not incurring any tax expenses. |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition: Schedule of Disaggregation of Revenue (Tables) |
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| Schedule of Disaggregation of Revenue |
The following table presents Omnitek’s revenues disaggregated by region and product type:
The following table presents Omnitek’s revenues disaggregated by region and product type:
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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory: Schedule Of Inventory Current (Tables) |
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Schedule Of Inventory Current |
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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property Plant And Equipment (Tables) |
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||||||||||||||
| Property Plant And Equipment |
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NOTE 5 - CONTRACT ASSETS AND LIABILITIES: Schedule of Maturities of Operating Lease Liabilities (Tables) |
6 Months Ended | ||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||
| Schedule of Maturities of Operating Lease Liabilities |
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NOTE 6 - RELATED PARTY TRANSACTIONS: Schedule Of Related Party Transactions Table (Tables) |
6 Months Ended | ||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||
| Schedule Of Related Party Transactions Table |
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NOTE 7 - NOTES PAYABLE - RELATED PARTIES: Schedule of Convertible Notes - Related Parties (Tables) |
6 Months Ended | ||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||
| Schedule of Convertible Notes - Related Parties |
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NOTE 7 - NOTES PAYABLE - RELATED PARTIES: Schedule Of Notes Payable Related Party table (Tables) |
6 Months Ended | ||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||
| Schedule Of Notes Payable Related Party table | As of June 30, 2025, and December 31, 2024, Note Payable – Related Party consisted of the following:
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NOTE 8 - DEBT: Schedule of Debt (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||||||||
| Schedule of Debt |
|
||||||||||||||||||||||||||||||
NOTE 8 - STOCKHOLDERS' EQUITY: Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions (Tables) |
6 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||
| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following table presents the assumptions used to estimate the fair values of the stock options granted:
|
NOTE 8 - STOCKHOLDERS' EQUITY: Share-Based Payment Arrangement, Option, Activity (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tables/Schedules | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement, Option, Activity |
|
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NOTE 8 - STOCKHOLDERS' EQUITY: Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Tables) |
6 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||
| Tables/Schedules | ||||||||||||||||||||||||||||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable |
|
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition: Schedule of Disaggregation of Revenue (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Geographic Distribution, Domestic | ||||
| Products | $ 62,179 | $ 105,493 | $ 174,212 | $ 185,901 |
| Revenues | 62,179 | 105,493 | 174,212 | 185,901 |
| Geographic Distribution, Foreign | ||||
| Products | 543,228 | 161,478 | 790,941 | 318,146 |
| Revenues | 543,228 | 161,478 | 790,941 | 318,146 |
| Products | 605,407 | 266,971 | 965,153 | 504,047 |
| Revenues | 605,407 | 266,971 | 965,153 | 504,047 |
| Filters | ||||
| Products | 200,716 | 139,909 | 360,809 | 208,296 |
| Revenues | 200,716 | 139,909 | 360,809 | 208,296 |
| Components | ||||
| Products | 404,691 | 127,062 | 604,344 | 295,751 |
| Revenues | 404,691 | 127,062 | 604,344 | 295,751 |
| Engineering Services | ||||
| Products | 0 | 0 | 0 | 0 |
| Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory: Schedule Of Inventory Current (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details | ||
| Inventory, Raw Materials, Gross | $ 812,397 | $ 841,054 |
| Inventory, Finished Goods, Gross | 539,581 | 434,611 |
| Inventory Gross | 1,351,978 | 1,275,665 |
| Inventory Opening allowance | 1,008,049 | 922,878 |
| Inventory Earlier year allowance/(reversal) write back | 18,068 | 85,171 |
| Inventory Closing allowance | 1,026,117 | 1,008,049 |
| Inventory Net | $ 325,861 | $ 267,616 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory (Details) - USD ($) |
6 Months Ended | 12 Months Ended |
|---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|
| Details | ||
| Obsolete Inventory Expense | $ 18,068 | $ 85,171 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property Plant And Equipment (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Less: accumulated depreciation | $ (72,737) | $ (70,808) |
| Property & Equipment, net | 6,744 | 8,673 |
| Production Equipment | ||
| Property Plant And Equipment Gross | 74,792 | 74,792 |
| Land and Land Improvements | ||
| Property Plant And Equipment Gross | $ 4,689 | $ 4,689 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Details) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Details | ||
| Amortization and depreciation expense | $ 1,928 | $ 1,401 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Basic and Diluted Loss per Share (Details) - shares |
3 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Details | ||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,900,000 | 2,340,000 |
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Liquidity and Going Concern (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Details | ||||||||
| Accumulated deficit | $ 21,928,291 | $ 21,928,291 | $ 22,027,484 | |||||
| Total Stockholders' Deficit | 1,244,489 | $ 1,373,779 | $ 1,355,847 | $ 1,250,185 | 1,244,489 | $ 1,355,847 | 1,347,464 | $ 1,185,690 |
| Total Current Assets | 712,376 | 712,376 | 881,764 | |||||
| Cash | 32,636 | 32,636 | 104,445 | |||||
| Total Current Liabilities | 1,921,481 | 1,921,481 | $ 2,178,041 | |||||
| Working Capital | 1,209,105 | 1,209,105 | ||||||
| Net income (loss) | $ 125,853 | $ (26,660) | $ (108,356) | $ (66,458) | 99,193 | (174,814) | ||
| Net cash provided by (used in) operating activities | $ (128,809) | $ (29,514) | ||||||
NOTE 4 - CUSTOMER DEPOSITS (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details | ||
| Customer deposits | $ 598,327 | $ 845,272 |
NOTE 5 - CONTRACT ASSETS AND LIABILITIES (Details) |
6 Months Ended |
|---|---|
|
Jun. 30, 2025
USD ($)
| |
| Details | |
| Monthly base rent | $ 13,514 |
| Monthly Operating Lease Expense | 1,175 |
| Cash Paid for Operating Lease Liabilities | 44,067 |
| Operating Lease, Expense | $ 37,290 |
NOTE 5 - CONTRACT ASSETS AND LIABILITIES: Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details | ||
| Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year | $ 88,134 | |
| Lessee, Operating Lease, Liability, to be Paid, Year Two | 88,134 | |
| Lessee, Operating Lease, Liability, to be Paid | 176,268 | |
| Operating Lease, Imputed interest | (4,627) | |
| Operating Lease, Liability | 171,641 | |
| Operating lease liabilities - current | (171,641) | $ (167,461) |
| Operating lease liabilities - long-term | $ 0 | $ 86,878 |
| Operating Lease, Weighted Average Discount Rate, Percent | 4.94% |
NOTE 6 - RELATED PARTY TRANSACTIONS (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Accounts payable - related parties | $ 140,516 | $ 139,834 |
| Accounts receivable - related parties | 13,089 | 3,088 |
| Two Board Members for Services | ||
| Accounts payable - related parties | $ 140,516 | $ 139,834 |
NOTE 6 - RELATED PARTY TRANSACTIONS: Schedule Of Related Party Transactions Table (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Accrued management compensation | $ 635,734 | $ 636,311 |
| President | ||
| Accrued management compensation | $ 635,734 | $ 636,311 |
NOTE 7 - NOTES PAYABLE - RELATED PARTIES (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Convertible Note payable, related parties | $ 10,000 | $ 10,000 |
| Chief Executive Officer | ||
| Convertible Note payable, related parties | $ 20,000 | |
| Debt Instrument, Interest Rate During Period | 8.00% |
NOTE 7 - NOTES PAYABLE - RELATED PARTIES: Schedule of Convertible Notes - Related Parties (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details | ||
| Convertible Note payable, related parties | $ 10,000 | $ 10,000 |
| Convertible notes payable - related party | (10,000) | (10,000) |
| Convertible Notes Payable, Noncurrent | $ 0 | $ 0 |
NOTE 7 - NOTES PAYABLE - RELATED PARTIES: Schedule Of Notes Payable Related Party table (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Details | ||
| Notes payable - related parties | $ 101,940 | $ 44,940 |
| Notes Payable, Related Parties | $ 101,940 | $ 44,940 |
NOTE 8 - DEBT (Details) - SBA EIDL Loan |
62 Months Ended |
|---|---|
|
Jun. 30, 2025
USD ($)
| |
| Proceeds from Loans | $ 199,000 |
| Debt Instrument, Interest Rate, Effective Percentage | 3.75% |
| Debt Instrument, Maturity Date | May 21, 2022 |
NOTE 8 - DEBT: Schedule of Debt (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| SBA EIDL Loan | ||
| Loans Payable | $ 199,000 | $ 199,000 |
| Loans Payable, Current | 0 | 0 |
| Loans Payable, Noncurrent | $ 199,000 | $ 199,000 |
NOTE 8 - STOCKHOLDERS' EQUITY: Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions (Details) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Details | ||
| Expected volatility | 215.00% | 210.00% |
| Expected dividends | 0.00% | 0.00% |
| Expected term | 7 years | 7 years |
| Risk-free interest rate | 411.00% | 466.00% |
NOTE 8 - STOCKHOLDERS' EQUITY: Share-Based Payment Arrangement, Option, Activity (Details) - $ / shares |
6 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2020 |
|
| Details | ||||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | 1,900,000 | 2,340,000 | 2,745,556 | |
| Outstanding, Weighted Average Exercise Price | $ 0.06 | $ 0.06 | $ 0.11 | |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures | 150,000 | 450,000 | ||
| Granted, Weighted Average Exercise Price | $ 0.02 | $ 0.02 | ||
| Exercised | 0 | 0 | ||
| Exercised, Weighted Average Exercise Price | $ 0 | $ 0 | ||
| Expired or cancelled | (590,000) | (855,556) | ||
| Expired or cancelled, Weighted Average Exercise Price | $ 0.07 | $ 0.18 | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance | 1,900,000 | |||
| Exercisable | 1,716,667 | 2,106,667 | ||
| Exercisable, Weighted Average Exercise Price | $ 0.07 | $ 0.07 | ||
000010 - Document - Document and Entity Information
000020 - Statement - Condensed Balance Sheets
000030 - Statement - Condensed Balance Sheets - Parenthetical
000040 - Statement - Condensed Statements of Operations (unaudited)
000050 - Statement - Statements of Stockholders' Deficit
000060 - Statement - Condensed Statements of Cash Flows (unaudited)
000070 - Disclosure - NOTE 1 - ORGANIZATION AND BUSINESS ACTIVITY
000080 - Disclosure - NOTE 2 - CONDENSED FINANCIAL STATEMENTS
000090 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
000100 - Disclosure - NOTE 4 - CUSTOMER DEPOSITS
000110 - Disclosure - NOTE 5 - CONTRACT ASSETS AND LIABILITIES
000120 - Disclosure - NOTE 6 - RELATED PARTY TRANSACTIONS
000130 - Disclosure - NOTE 7 - NOTES PAYABLE - RELATED PARTIES
000140 - Disclosure - NOTE 8 - DEBT
000150 - Disclosure - NOTE 8 - STOCKHOLDERS' EQUITY
000160 - Disclosure - NOTE 9 - SUBSEQUENT EVENT
000170 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Accounting Methods (Policies)
000190 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)
000200 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory (Policies)
000210 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Policies)
000220 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Leases (Policies)
000240 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)
000250 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurements (Policies)
000260 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Stock-based Compensation (Policies)
000280 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Segment Reporting (Policies)
000370 - Disclosure - NOTE 8 - DEBT: Schedule of Debt (Tables)
000430 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Inventory (Details)
000450 - Disclosure - NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Details)
000480 - Disclosure - NOTE 4 - CUSTOMER DEPOSITS (Details)
000490 - Disclosure - NOTE 5 - CONTRACT ASSETS AND LIABILITIES (Details)
000510 - Disclosure - NOTE 6 - RELATED PARTY TRANSACTIONS (Details)
000530 - Disclosure - NOTE 7 - NOTES PAYABLE - RELATED PARTIES (Details)
000560 - Disclosure - NOTE 8 - DEBT (Details)
000570 - Disclosure - NOTE 8 - DEBT: Schedule of Debt (Details)
000580 - Disclosure - NOTE 8 - STOCKHOLDERS' EQUITY (Details)