SecureTech Innovations (SCTH) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-55927
Entity Registrant Name	SecureTech Innovations, Inc.
Entity Central Index Key	0001703157
Entity Tax Identification Number	82-0972782
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	2355 Highway 36 West
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Roseville
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55113
City Area Code	(651)
Local Phone Number	317-8990
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		111,850,513

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and equivalents	$ 49,966	$ 138,318
Inventories	21,133	27,549
Deposits	30,674	30,674
Total current assets	101,773	196,541
Property and equipment, net	4,224	4,470
Total assets:	105,997	201,011
Current liabilities:
Accounts payable	1,454	1,565
Accrued payroll	5,709	5,679
Credit cards payable	13,150	13,194
Taxes payable	4,223	5,153
Total current liabilities	24,536	25,591
Total liabilities	24,536	25,591
Stockholders’ equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized
Common stock, $0.001 par value, 500,000,000 shares authorized;     111,850,513 and 111,839,085 shares issued and outstanding,     respectively	111,850	111,839
Additional paid-in capital	1,020,228	1,000,239
Accumulated deficit	(1,050,617)	(936,658)
Total stockholders' equity	81,461	175,420
Total liabilities and stockholders' equity	$ 105,997	$ 201,011

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	111,850,513	111,839,085
Common Stock, Shares, Outstanding	111,850,513	111,839,085

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Sales	$ 20,050	$ 9,350
Cost of goods sold	5,285	2,622
Gross profit	14,765	6,728
Operating expenses:
General and administrative	128,721	62,591
Research and development	885	3,650
Total operating expenses	129,606	66,241
(Loss) from operations	(114,841)	(59,513)
Other income (expense)	882
Provision for income taxes
Net (loss)	$ (113,959)	$ (59,513)
Loss per share,    basic and diluted	$ 0	$ 0
Weighted average number of common shares     outstanding, basic and diluted	111,843,148	112,486,300

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 113,336	$ 592,899	$ 455,731	$ 250,504
Shares, Issued at Dec. 31, 2021	113,336,300
Issuance of common shares for cash	$ 189	224,812		225,001
Issuance of common shares for cash, shares	188,785
Cancellation of common shares	$ (1,700)	1,700
Cancellation of common shares, shares	(1,700,000)
Exercise of $0.50 Warrants into common shares	$ 14	6,986		7,000
Exercise of $0.20 warrants into common shares, shares	14,000
Stock option expense		173,842		173,842
Net loss			(480,927)	(480,927)
Ending balance, value at Dec. 31, 2022	$ 111,839	1,000,239	936,658	175,420
Shares, Issued at Dec. 31, 2022	111,839,085
Issuance of common shares for cash	$ 11	19,989		20,000
Issuance of common shares for cash, shares	11,428
Net loss			(113,959)	(113,959)
Ending balance, value at Mar. 31, 2023	$ 111,850	$ 1,020,228	$ 1,050,617	$ 81,461
Shares, Issued at Mar. 31, 2023	111,850,513

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (Parenthetical)	Dec. 31, 2022 $ / shares
Statement of Stockholders' Equity [Abstract]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.50

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash flows from operating activities:
Net (loss)	$ (113,959)	$ (59,513)	$ (480,927)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation	246
Decrease (increase) in inventories	6,416	2,622
Increase (decrease) in accounts payable	(111)	(795)
Increase (decrease) in credit cards payable	(44)	8,027
Increase (decrease) in accrued payroll	30
Increase (decrease) in taxes payable	(930)	353
Net cash used in operating activities	(108,352)	(49,306)
Cash flows from financing activities:
Issuance of common stock for cash	20,000
Net cash provided by financing activities	20,000
Net increase (decrease) in cash	(88,352)	(49,306)
Cash – beginning of period	138,318	214,026	214,026
Cash – end of period	49,966	164,720	$ 138,318
Non-cash financing activities:
Cancellation of common shares		$ 1,700

NOTE 1 _ Summary of Significant

NOTE 1 – Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
NOTE 1 – Summary of Significant Accounting Policies	NOTE 1 – Summary of Significant Accounting Policies Organization SecureTech Innovations, Inc. (“ Company SecureTech Piranha SecureTech is an emerging growth company focused on developing and marketing advanced security and safety technologies. SecureTech’s products preserve life, protect property, and prevent crime. Under the Top Kontrol brand, SecureTech currently sells the world’s only anti-theft and anti-carjacking automobile security and safety system. Under its wholly owned Piranha subsidiaries, SecureTech intends to develop and acquire secure green energy data centers, advanced cybersecurity technologies, blockchain and cryptocurrency systems and platforms for mining, storage, and trading exchanges. Unaudited Interim Financial Information The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP The balance sheet as of December 31, 2022, has been derived from audited financial statements. Operating results for the three months ended March 31, 2023, are not necessarily indicative of results that may be expected for the year ending December 31, 2023. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2022, filed with the Company's Annual Report on Form 10-K with the Securities and Exchange Commission on April 13, 2023. Impact of the COVID-19 (Coronavirus) Pandemic The ongoing COVID-19 pandemic has significantly impacted economic activity and markets worldwide. In response, governmental authorities have periodically imposed, and others in the future may reimpose, stay-at-home orders, shelter-in-place orders, quarantines, executive orders, and similar government orders and restrictions to control the spread of COVID-19. Such orders or restrictions have resulted in temporary business closures, limitation of business hours, limitations on the number of people in business locations, enhanced requirements on sanitation, social distancing practices, and travel restrictions, among others. Historically, we were restricted in our ability to sell and distribute our products while these restrictive mandates were in place. Should similar future government orders and restrictions go into effect again, it will adversely impact our financial condition and operating results. The long-term impact of the ongoing COVID-19 pandemic on our financial condition or results of operations remains uncertain, in particular, due to external factors related to the pandemic and as COVID-19 cases (including the spread of variants or mutant strains) continue to surge in certain parts of the world. In particular, COVID-19 could have a significant disruption to our supply chain for the products we sell, which could have a material impact on our sales and future earnings. Accordingly, COVID-19 may negatively impact our business in the future, and any future adverse impacts on our business may be worse than we anticipate. The ultimate impact will depend on the severity and duration of the current ongoing COVID-19 pandemic and future resurgences and actions taken by governmental authorities and other third parties in response, each of which is uncertain, rapidly changing, and difficult to predict. Our growth rates during the ongoing COVID-19 pandemic may not be sustainable and may not be indicative of future growth. Basis of Presentation US GAAP SEC Use of Estimates The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of March 31, 2023, the Company had no cash equivalents. Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level Description Level 1 Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Inventory and Cost of Sales Inventories are stated at the lower of cost or realizable value, using the weighted average cost method. When an impairment indicator suggests that the carrying amounts of inventories might not be recoverable, the Company reviews such carrying amounts and estimates the net realizable value based on the most reliable evidence available at that time. An impairment loss is recorded if the net realizable value is less than the carrying value. Impairment indicators considered for these purposes are, among others, obsolescence, decrease in market prices, damage, and a firm commitment to sell. Deposits Refundable deposits are carried on the Company’s balance sheet at their fair market refundable value under current assets. Net Loss per Share Calculation Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per shares is calculated similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. SecureTech excludes all potentially dilutive securities from its diluted net loss per share computation since their effect would be anti-dilutive because SecureTech recorded a loss for the three months ended March 31, 2023. Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. The Company’s primary source of revenue is from the sale of our Top Kontrol product. We began selling Top Kontrol in late April 2020. Top Kontrol requires installation by a Certified Top Kontrol Technician. To become a Certified Top Kontrol Technician, an automotive technician must complete a one-day hands-on course hosted by the Company. Failure to have Top Kontrol installed by a Certified Top Kontrol Technician voids the product’s limited liability warranty. Because of this professional installation requirement, the Company sells its products to and through Authorized Dealers and Certified Top Kontrol Technicians. In the instances where the Company sells directly to the end-user, product installation must be performed by authorized Company personnel. Revenue is recognized when performance obligations under the terms of a contract with our customers are satisfied. Revenue is recorded net of marketing allowances, volume discounts, and other forms of variable consideration. Generally, this occurs with the transfer of control of our product to the customer and payment has been received. The Company presently does not offer terms or credit to any of its customers. Revenue Recognition; ASC 606 Five-Step Model Under ASC 606, the Company recognizes revenue from the sale of service contracts by applying the following steps: (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 each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. Revenue Recognition; General Right of Return Customers are allowed to return goods that are defective (warranty returns). In some instances, customers may be allowed to return a limited number of units for periodic stock adjustment returns. Such stock adjustment returns would be limited to no more than 5% of their total units sold. As is standard in the industry, we only will accept returns from active customers. If a customer discontinues conducting business with us, we have no further obligation to accept additional product returns from that customer. Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the following majority-owned subsidiaries as of March 31, 2023: Subsidiary Percentage Owned Piranha Blockchain, Inc. 100.0% Piranha Blockchain, Ltd. 100.0% Fiscal Year The Company elected December 31st for its fiscal year end. Recent Accounting Pronouncements There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company’s financial position, results of operations, or cash flows.

NOTE 2 _ GOING CONCERN

NOTE 2 – GOING CONCERN	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 2 – GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. As shown in the accompanying financial statements during the fiscal period ended March 31, 2023, the Company has not established a source of revenues sufficient to cover its operating costs. As such, it has incurred an operating loss since its inception. Further, as of March 31, 2023, the Company had an accumulated deficit of ($1,050,617 The Company’s existence depends on Management’s ability to develop profitable operations and obtain additional financing sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or resolve the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern.

NOTE 3 _ INVENTORIES

NOTE 3 – INVENTORIES	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
NOTE 3 – INVENTORIES	NOTE 3 – INVENTORIES Inventory is stated at the lower of cost or realizable value, using the weighted average cost method. When an impairment indicator suggests that the carrying amounts of inventories might not be recoverable, the Company reviews such carrying amounts and estimates the net realizable value based on the most reliable evidence available at that time. An impairment loss is recorded if the net realizable value is less than the carrying value. Impairment indicators considered for these purposes are, among others, obsolescence, decrease in market prices, damage, and a firm commitment to sell. The following table summarizes the Company’s inventories as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Inventories: Raw materials and work-in-progress $ 2,113 $ 2,185 Finished goods 19,020 25,364 Gross inventories 21,133 27,549 Inventory valuation reserves — — Inventories, net $ 21,133 $ 27,549

NOTE 4 _ DEPOSITS

NOTE 4 – DEPOSITS	3 Months Ended
	Mar. 31, 2023
Note 4 Deposits
NOTE 4 – DEPOSITS	NOTE 4 – DEPOSITS Refundable deposits are carried on the Company’s balance sheet at their fair market refundable value under current assets. The following table summarizes the Company’s refundable deposits as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Deposits: Security deposit on leased office space $ 674 $ 674 Discounted media purchase agreement deposit 30,000 30,000 Total deposits $ 30,674 $ 30,674

NOTE 5 _ STOCKHOLDERS_ EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
NOTE 5 – STOCKHOLDERS’ EQUITY	NOTE 5 – STOCKHOLDERS’ EQUITY Preferred stock The Company has authorized 50,000,000 $0.001 As of March 31, the Company had no classes and - 0 Common stock The Company has authorized 500,000,000 $0.001 Share Issuances During the three months ended March 31, 2023, the Company sold an aggregate of 11,428 20,000 As of March 31, 2023, the Company had 111,850,513

NOTE 6 _ RELATED PARTY FOUNDER_

NOTE 6 – RELATED PARTY FOUNDER’S SHARE ISSUANCES	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
NOTE 6 – RELATED PARTY FOUNDER’S SHARE ISSUANCES	NOTE 6 – RELATED PARTY FOUNDER’S SHARE ISSUANCES On March 2, 2017, the Company issued an aggregate of 175,000,000 $0.001 0 Of these original Founder’s Shares 80,000,000 75,000,000 20,000,000

NOTE 7 _ CONTINGENCY_LEGAL

NOTE 7 – CONTINGENCY/LEGAL	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
NOTE 7 – CONTINGENCY/LEGAL	NOTE 7 – CONTINGENCY/LEGAL As of March 31, 2023, and during the preceding ten years, no director, person nominated to become a director or executive officer, or promoter of the Company has been involved in any legal proceeding that would require disclosure hereunder. From time to time, the Company may become subject to various legal proceedings and claims that arise in the ordinary course of our business activities. However, litigation is subject to inherent uncertainties for which the outcome cannot be predicted. Any adverse result in these or other legal matters could arise and cause harm to the Company’s business. The Company currently is not a party to any claim or litigation, the outcome of which, if determined adversely to the Company, would individually or in the aggregate be reasonably expected to have a material adverse effect on the Company’s business.

NOTE 8 _ SUBSEQUENT EVENTS

NOTE 8 – SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
NOTE 8 – SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS No other material events or transactions have occurred during this subsequent event reporting period that required recognition or disclosure in the financial statements.

NOTE 1 _ Summary of Significa_2

NOTE 1 – Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Organization	Organization SecureTech Innovations, Inc. (“ Company SecureTech Piranha SecureTech is an emerging growth company focused on developing and marketing advanced security and safety technologies. SecureTech’s products preserve life, protect property, and prevent crime. Under the Top Kontrol brand, SecureTech currently sells the world’s only anti-theft and anti-carjacking automobile security and safety system. Under its wholly owned Piranha subsidiaries, SecureTech intends to develop and acquire secure green energy data centers, advanced cybersecurity technologies, blockchain and cryptocurrency systems and platforms for mining, storage, and trading exchanges.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP The balance sheet as of December 31, 2022, has been derived from audited financial statements. Operating results for the three months ended March 31, 2023, are not necessarily indicative of results that may be expected for the year ending December 31, 2023. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2022, filed with the Company's Annual Report on Form 10-K with the Securities and Exchange Commission on April 13, 2023.
Impact of the COVID-19 (Coronavirus) Pandemic	Impact of the COVID-19 (Coronavirus) Pandemic The ongoing COVID-19 pandemic has significantly impacted economic activity and markets worldwide. In response, governmental authorities have periodically imposed, and others in the future may reimpose, stay-at-home orders, shelter-in-place orders, quarantines, executive orders, and similar government orders and restrictions to control the spread of COVID-19. Such orders or restrictions have resulted in temporary business closures, limitation of business hours, limitations on the number of people in business locations, enhanced requirements on sanitation, social distancing practices, and travel restrictions, among others. Historically, we were restricted in our ability to sell and distribute our products while these restrictive mandates were in place. Should similar future government orders and restrictions go into effect again, it will adversely impact our financial condition and operating results. The long-term impact of the ongoing COVID-19 pandemic on our financial condition or results of operations remains uncertain, in particular, due to external factors related to the pandemic and as COVID-19 cases (including the spread of variants or mutant strains) continue to surge in certain parts of the world. In particular, COVID-19 could have a significant disruption to our supply chain for the products we sell, which could have a material impact on our sales and future earnings. Accordingly, COVID-19 may negatively impact our business in the future, and any future adverse impacts on our business may be worse than we anticipate. The ultimate impact will depend on the severity and duration of the current ongoing COVID-19 pandemic and future resurgences and actions taken by governmental authorities and other third parties in response, each of which is uncertain, rapidly changing, and difficult to predict. Our growth rates during the ongoing COVID-19 pandemic may not be sustainable and may not be indicative of future growth.
Basis of Presentation	Basis of Presentation US GAAP SEC
Use of Estimates	Use of Estimates The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of March 31, 2023, the Company had no cash equivalents.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level Description Level 1 Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
Inventory and Cost of Sales	Inventory and Cost of Sales Inventories are stated at the lower of cost or realizable value, using the weighted average cost method. When an impairment indicator suggests that the carrying amounts of inventories might not be recoverable, the Company reviews such carrying amounts and estimates the net realizable value based on the most reliable evidence available at that time. An impairment loss is recorded if the net realizable value is less than the carrying value. Impairment indicators considered for these purposes are, among others, obsolescence, decrease in market prices, damage, and a firm commitment to sell. Deposits Refundable deposits are carried on the Company’s balance sheet at their fair market refundable value under current assets.
Net Loss per Share Calculation	Net Loss per Share Calculation Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per shares is calculated similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. SecureTech excludes all potentially dilutive securities from its diluted net loss per share computation since their effect would be anti-dilutive because SecureTech recorded a loss for the three months ended March 31, 2023.
Revenue Recognition	Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. The Company’s primary source of revenue is from the sale of our Top Kontrol product. We began selling Top Kontrol in late April 2020. Top Kontrol requires installation by a Certified Top Kontrol Technician. To become a Certified Top Kontrol Technician, an automotive technician must complete a one-day hands-on course hosted by the Company. Failure to have Top Kontrol installed by a Certified Top Kontrol Technician voids the product’s limited liability warranty. Because of this professional installation requirement, the Company sells its products to and through Authorized Dealers and Certified Top Kontrol Technicians. In the instances where the Company sells directly to the end-user, product installation must be performed by authorized Company personnel. Revenue is recognized when performance obligations under the terms of a contract with our customers are satisfied. Revenue is recorded net of marketing allowances, volume discounts, and other forms of variable consideration. Generally, this occurs with the transfer of control of our product to the customer and payment has been received. The Company presently does not offer terms or credit to any of its customers. Revenue Recognition; ASC 606 Five-Step Model Under ASC 606, the Company recognizes revenue from the sale of service contracts by applying the following steps: (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 each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. Revenue Recognition; General Right of Return Customers are allowed to return goods that are defective (warranty returns). In some instances, customers may be allowed to return a limited number of units for periodic stock adjustment returns. Such stock adjustment returns would be limited to no more than 5% of their total units sold. As is standard in the industry, we only will accept returns from active customers. If a customer discontinues conducting business with us, we have no further obligation to accept additional product returns from that customer.
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the following majority-owned subsidiaries as of March 31, 2023: Subsidiary Percentage Owned Piranha Blockchain, Inc. 100.0% Piranha Blockchain, Ltd. 100.0%
Fiscal Year	Fiscal Year The Company elected December 31st for its fiscal year end.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company’s financial position, results of operations, or cash flows.

NOTE 3 _ INVENTORIES (Tables)

NOTE 3 – INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventories	March 31, 2023 December 31, 2022 Inventories: Raw materials and work-in-progress $ 2,113 $ 2,185 Finished goods 19,020 25,364 Gross inventories 21,133 27,549 Inventory valuation reserves — — Inventories, net $ 21,133 $ 27,549

NOTE 4 _ DEPOSITS (Tables)

NOTE 4 – DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2023
Note 4 Deposits
Deposits	March 31, 2023 December 31, 2022 Deposits: Security deposit on leased office space $ 674 $ 674 Discounted media purchase agreement deposit 30,000 30,000 Total deposits $ 30,674 $ 30,674

NOTE 2 _ GOING CONCERN (Details

NOTE 2 – GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ (1,050,617)	$ (936,658)

Inventories (Details)

Inventories (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and work-in-progress	$ 2,113	$ 2,185
Finished goods	19,020	25,364
Gross inventories	21,133	27,549
Inventory valuation reserves
Inventories, net	$ 21,133	$ 27,549

Deposits (Details)

Deposits (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Note 4 Deposits
Security deposit on leased office space	$ 674	$ 674
Discounted media purchase agreement deposit	30,000	30,000
Total deposits	$ 30,674	$ 30,674

NOTE 5 _ STOCKHOLDERS_ EQUITY (

NOTE 5 – STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Stock Issued During Period, Value, New Issues	$ 20,000	$ 225,001
Common Stock, Shares, Outstanding	111,850,513	111,839,085
Common Stock, Shares, Issued	111,850,513	111,839,085
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, New Issues	11,428	188,785
Stock Issued During Period, Value, New Issues	$ 11	$ 189

NOTE 6 _ RELATED PARTY FOUNDE_2

NOTE 6 – RELATED PARTY FOUNDER’S SHARE ISSUANCES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Common Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Founders [Member]
Related Party Transaction [Line Items]
Issuance of Founders shares, Shares	175,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001
Issuance of Founders shares, amount	$ 0
Officer [Member]
Related Party Transaction [Line Items]
Issuance of Founders shares, Shares	80,000,000
Director [Member]
Related Party Transaction [Line Items]
Issuance of Founders shares, Shares	75,000,000
Outside Consultant [Member]
Related Party Transaction [Line Items]
Issuance of Founders shares, Shares	20,000,000