SecureTech Innovations (SCTH) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
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		78,076,881

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and equivalents		$ 5,987
Inventories	10,234	13,656
Deposits	1,088	1,088
Total current assets	11,322	20,731
Property and equipment, net	2,995	3,486
Total assets:	14,317	24,217
Current liabilities:
Accounts payable	10,103	5,879
Accounts payable, related party	70,780	40,000
Accrued payroll	217,388	112,328
Bank overdraft	2
Credit cards payable	14,947	14,564
Notes payable, related party	14,042
Taxes payable	1,115	317
Total current liabilities	328,377	173,088
Total liabilities	328,377	173,088
Stockholders’ equity (deficit):
Preferred stock, $0.001 par value, 50,000,000 shares authorized;     3,400 and 3,200 shares issued and outstanding, respectively	3	3
Common stock, $0.001 par value, 500,000,000 shares authorized;  78,076,881 and 79,862,655 shares issued and outstanding, respectively	78,077	79,863
Additional paid-in capital	1,088,177	1,076,391
Accumulated deficit	(1,480,317)	(1,305,128)
Total stockholders’ deficit	(314,060)	(148,871)
Total liabilities and stockholders’ equity	$ 14,317	$ 24,217

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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
Preferred Stock, Shares Issued	3,400	3,200
Preferred Stock, Shares Outstanding	3,400	3,200
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	78,076,881	79,862,655
Common Stock, Shares, Outstanding	78,076,881	79,862,655

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Sales	$ 1,350	$ 17,550	$ 14,235	$ 37,600
Cost of goods sold	341	4,732	3,421	10,017
Gross profit	1,009	12,818	10,814	27,583
Expenses:
General and administrative	93,730	112,556	184,226	241,277
Research and development		5,876		6,761
Total expenses	93,730	118,432	184,226	248,038
(Loss) from operations	(92,721)	(105,614)	(173,412)	(220,455)
Other income (expense)	(987)	528	(1,777)	1,410
Provision for income taxes
Net (loss)	$ (93,708)	$ (105,086)	$ (175,189)	$ (219,045)
(Loss) per common share,     basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of     common shares outstanding,     basic and diluted	78,073,914	107,608,755	78,218,401	107,703,268

Consolidated Statement of Stock

Consolidated Statement of Stockholders Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning 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
Beginning 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		$ 20,000
Issuance of common shares for cash, shares		11,428
Ending balance, value at Jun. 30, 2023	$ 3	$ 86,850	1,045,225	1,155,703	23,625
Shares, Issued at Jun. 30, 2023	2,500	86,850,513
Beginning 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
Share exchange, related party	$ 3	$ (25,000)	24,997
Share exchange, related party, Shares	2,500	(25,000,000)
Net loss				(105,086)	(105,086)
Ending balance, value at Jun. 30, 2023	$ 3	$ 86,850	1,045,225	1,155,703	23,625
Shares, Issued at Jun. 30, 2023	2,500	86,850,513
Beginning balance, value at Dec. 31, 2023	$ 3	$ 79,863	1,076,391	1,305,128	(148,871)
Shares, Issued at Dec. 31, 2023	3,200	79,862,655
Share exchange, related party		$ (1,796)	1,796
Share exchange, related party, Shares	200	(1,795,774)
Net loss				(81,481)	(81,481)
Ending balance, value at Mar. 31, 2024	$ 3	$ 78,067	1,078,187	1,386,609	230,352
Shares, Issued at Mar. 31, 2024	3,400	78,066,881
Beginning balance, value at Dec. 31, 2023	$ 3	$ 79,863	1,076,391	1,305,128	(148,871)
Shares, Issued at Dec. 31, 2023	3,200	79,862,655
Issuance of common shares for cash		$ 10,000
Issuance of common shares for cash, shares		10,000
Ending balance, value at Jun. 30, 2024	$ 3	$ 78,077	1,088,177	1,480,317	(314,060)
Shares, Issued at Jun. 30, 2024	3,400	78,076,881
Beginning balance, value at Mar. 31, 2024	$ 3	$ 78,067	1,078,187	1,386,609	230,352
Shares, Issued at Mar. 31, 2024	3,400	78,066,881
Issuance of common shares for cash		$ 10	9,990		10,000
Issuance of common shares for cash, shares		10,000
Net loss				(93,708)	(93,708)
Ending balance, value at Jun. 30, 2024	$ 3	$ 78,077	$ 1,088,177	$ 1,480,317	$ (314,060)
Shares, Issued at Jun. 30, 2024	3,400	78,076,881

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss)	$ (175,189)	$ (219,045)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation	491	492
Decrease (increase) in inventories	3,422	11,148
Increase (decrease) in accounts payable	4,224	7,730
Increase (decrease) in accounts payable, related party	30,780	10,000
Increase (decrease) in credit cards payable	383	(2,138)
Increase (decrease) in accrued payroll	105,060	15,576
Decrease (increase) in deposits		29,500
Increase (decrease) in taxes payable	798	(1,065)
Increase (decrease) in bank overdraft	2
Net cash used in operating activities	(30,029)	(147,802)
Cash flows from financing activities:
Issuance of common shares for cash	10,000	20,000
Increase in notes payable, related party	14,042
Net cash provided by financing activities	24,042	20,000
Net increase (decrease) in cash	(5,987)	(127,802)
Cash – beginning of period	5,987	138,318
Cash – end of period		10,516
Cash paid for income taxes
Cash paid for interest	2,015
Non-cash financing activities:
Exchange of common shares for preferred shares, related party	$ 1,796	$ 25,000

NOTE 1 _ Summary of Significant

NOTE 1 – Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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, an innovative growth company, specializes in developing and marketing cutting-edge security and safety devices and technologies. Our mission is to preserve life, protect property, and prevent crime. Notably, SecureTech is the creator of Top Kontrol ® Unaudited Interim Financial Information The Company's unaudited condensed interim financial statements have been prepared per accounting principles generally accepted in the United States (“ GAAP The balance sheet as of December 31, 2023, has been derived from audited financial statements. Operating results for the six months ended June 30, 2024, are not necessarily indicative of results that may be expected for the year ending December 31, 2024. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2023, filed with the Company’s Annual Report on Form 10-K with the Securities and Exchange Commission on May 1, 2024. Basis of Presentation US GAAP SEC Reclassifications For comparability, reclassifications of prior-year balances were made to conform with current-year presentations, such as accounts payable - related party which were previously included in accounts payable in 2023. 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 that 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 June 30, 2024 and December 31, 2023, the Company had no cash equivalents. Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, “Financial Instruments,” require 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 share is calculated similarly 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 six months ended June 30, 2024 and 2023. The Company had no dilutive securities outstanding as of June 30, 2024 and 2023. Property and Equipment and Depreciation Property and equipment are recorded at cost and are depreciated using the straight-line method over their estimated useful lives in years as follows: Computer software and equipment 2-15 Furniture, fixtures, and equipment 3-10 Leasehold improvements Life of Lease Repair and maintenance costs are expensed as incurred. Costs associated with improvements that extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on the disposition of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets. Depreciation expenses totaled $491 $492 June 30, 2024 December 31, 2023 Computer, software, and equipment $ 4,916 $ 4,916 Accumulated depreciation $ (1,921 ) $ (1,430 ) PPE, net $ 2,995 $ 3,486 Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. The Company’s primary revenue source is selling our Top Kontrol product, which we began selling 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 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 when we transfer 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 defective goods (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 will only accept returns from active customers. If a customer discontinues conducting business with us, we are not obligated to accept additional product returns from that customer. Revenue Recognition; Concentration As of June 30, 2024, the Company had three customers who are Authorized Dealers that each comprised in excess of 10% of the Company’s overall revenue. In aggregate, these three dealers represented 90.5% of the Company’s revenue for the six months ended June 30, 2024. 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 June 30, 2024: 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 represent 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	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, 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 June 30, 2024, the Company had an accumulated deficit of ( $1,480,317 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 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 June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Inventories: Raw materials and work-in-progress $ 1,913 $ 1,925 Finished goods 8,321 11,731 Gross inventories 10,234 13,656 Inventory valuation reserves — — Inventories, net $ 10,234 $ 13,656

NOTE 4 _ STOCKHOLDERS_ EQUITY

NOTE 4 – STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
NOTE 4 – STOCKHOLDERS’ EQUITY	NOTE 4 – STOCKHOLDERS’ EQUITY Preferred stock The Company has authorized 50,000,000 $0.001 On May 31, 2023, the Company’s Board of Directors created a new class of preferred stock designated as Series A Preferred Stock, $0.001 par value. The Company may issue up to 250,000 Designation and Amount This class of preferred stock shall be designated Series A Preferred Stock (“ Preferred Stock Rank The Preferred Stock shall rank superior to the Corporation’s common stock and all other classes, including currently outstanding or future preferred stock designations. Dividends The Preferred Stock is eligible for all legal dividends as may be approved by the Corporation’s Board of Directors. If a dividend is declared across multiple classes of stock, the amount of any dividend to be received by holders of the Preferred Stock shall be calculated on a fully diluted, pro-rata basis with the other classes of stock participating in said dividend. Voting Rights Holders of the Preferred Stock shall have the right to vote on all matters with holders of common stock (and other eligible classes of preferred stock, if any) by aggregating votes into one (1) voting class of stock. Each share of Preferred Stock shall have ten thousand (10,000) votes for any election Redemption by the Company After a minimum period of one (1) year from the date of issue the Company may, at its sole discretion, redeem some or all of the Preferred Stock in either cash (the then market value), the Company’s common stock at a fixed ratio of ten thousand (10,000) shares of common stock for each share of Preferred Stock redeemed, or a combination thereof. Series A Preferred Stock Issuances During the six months ended June 30, 2024, the Company issued an aggregate of 200 During the six months ended June 30 ,2023, the Company issued an aggregate of 2,500 As of June 30, 2024, the Company had one class of preferred stock, Series A Preferred Stock, and 3,400 Common stock The Company has authorized 500,000,000 Share Exchange and Cancellations During the six months ended June 30, 2024, the Company entered into a Share Exchange Agreement whereby it issued 200 1,795,774 During the six months ended June 30, 2023, the Company entered into a Share Exchange Agreement whereby it issued 2,500 shares of its Series A Preferred Stock in exchange for an aggregate of 25,000,000 All of the shares of common stock received in this stock exchange were subsequently canceled. No consideration was paid or received in connection to the share exchange, which also is deemed a non-taxable event pursuant to Section 351 of the Internal Revenue Code. Share Issuances During the six months ended June 30, 2024, the Company sold an aggregate of 10,000 $10,000 During the six months ended June 30, 2023, the Company sold an aggregate of 11,428 $20,000 As of June 30, 2024, the Company had 78,076,881

NOTE 5 _ RELATED PARTY TRANSACT

NOTE 5 – RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
NOTE 5 – RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS Founder’s Shares On March 2, 2017, the Company issued an aggregate of 175,000,000 $0.001 0 Of these Founder’s Shares, 80,000,000 75,000,000 20,000,000 During the six months ended June 30, 2024, the Company entered into a Share Exchange Agreement whereby it issued 200 shares of its Series A Preferred Stock in exchange for an aggregate of 1,795,774 Founder’s Shares. These Founder’s Shares were canceled and returned to the Company’s Treasury. As of June 30, 2024, an aggregate of 80,500,000 13,704,226 26,795,774 Share Exchange and Cancellations During the six months ended June 30, 2023, the Company entered into a Share Exchange Agreement with its President and CEO, Kao Lee, whereby it issued 2,500 25,000,000 During the six months ended June 30, 2024, the Company entered into a Share Exchange Agreement whereby it issued 200 1,795,774 Accrued Payroll As of June 30, 2024, the Company had aggregated $215,150 $207,500 $7,650 As of December 31, 2023, the Company had aggregated $63,090 $58,500 $4,590 Patent Royalties On March 2, 2017, the Company entered into a Patent License Agreement with Shongkawh, LLC, which is controlled by our executive officers Kao Lee and Anthony Vang (and directly owned by Mr. Lee and his brother, Thao Lee). Under this agreement, ShongKawh is to receive a royalty of 2% of all products manufactured under this covered patent. On March 13, 2024, the Company and Shongkawh amended the Patent License Agreement to adjust royalty payments due under this agreement to $ 1 As of December 31, 2023, ShongKawh accrued $2,929 Notes Payable As of June 30, 2024, the Company had outstanding notes payable to Kao Lee aggregating $ 14,042 Accounts Payable As of June 30, 2024 and December 31, 2023, the Company had accounts payable to Taurus Financial Partners, LLC aggregating $ 70,780 $40,000

NOTE 6 _ CONTINGENCY_LEGAL

NOTE 6 – CONTINGENCY/LEGAL	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
NOTE 6 – CONTINGENCY/LEGAL	NOTE 6 – CONTINGENCY/LEGAL As of June 30, 2024, 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 7 _ SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
NOTE 7 – SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS Notes Payable Between July 1, 2024 and August 14, 2024, the Company borrowed an aggregate of $14,372 $28,414 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)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Organization	Organization SecureTech Innovations, Inc. (“ Company SecureTech Piranha SecureTech, an innovative growth company, specializes in developing and marketing cutting-edge security and safety devices and technologies. Our mission is to preserve life, protect property, and prevent crime. Notably, SecureTech is the creator of Top Kontrol ®
Unaudited Interim Financial Information	Unaudited Interim Financial Information The Company's unaudited condensed interim financial statements have been prepared per accounting principles generally accepted in the United States (“ GAAP The balance sheet as of December 31, 2023, has been derived from audited financial statements. Operating results for the six months ended June 30, 2024, are not necessarily indicative of results that may be expected for the year ending December 31, 2024. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2023, filed with the Company’s Annual Report on Form 10-K with the Securities and Exchange Commission on May 1, 2024.
Basis of Presentation	Basis of Presentation US GAAP SEC
Reclassifications	Reclassifications For comparability, reclassifications of prior-year balances were made to conform with current-year presentations, such as accounts payable - related party which were previously included in accounts payable in 2023.
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 that 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 June 30, 2024 and December 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,” require 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	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 share is calculated similarly 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 six months ended June 30, 2024 and 2023. The Company had no dilutive securities outstanding as of June 30, 2024 and 2023. Property and Equipment and Depreciation Property and equipment are recorded at cost and are depreciated using the straight-line method over their estimated useful lives in years as follows: Computer software and equipment 2-15 Furniture, fixtures, and equipment 3-10 Leasehold improvements Life of Lease Repair and maintenance costs are expensed as incurred. Costs associated with improvements that extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on the disposition of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets. Depreciation expenses totaled $491 $492 June 30, 2024 December 31, 2023 Computer, software, and equipment $ 4,916 $ 4,916 Accumulated depreciation $ (1,921 ) $ (1,430 ) PPE, net $ 2,995 $ 3,486
Revenue Recognition	Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. The Company’s primary revenue source is selling our Top Kontrol product, which we began selling 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 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 when we transfer 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 defective goods (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 will only accept returns from active customers. If a customer discontinues conducting business with us, we are not obligated to accept additional product returns from that customer. Revenue Recognition; Concentration As of June 30, 2024, the Company had three customers who are Authorized Dealers that each comprised in excess of 10% of the Company’s overall revenue. In aggregate, these three dealers represented 90.5% of the Company’s revenue for the six months ended June 30, 2024.
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 June 30, 2024: 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 represent 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 1 _ Summary of Significa_3

NOTE 1 – Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Property and Equipment	June 30, 2024 December 31, 2023 Computer, software, and equipment $ 4,916 $ 4,916 Accumulated depreciation $ (1,921 ) $ (1,430 ) PPE, net $ 2,995 $ 3,486

NOTE 2 _ GOING CONCERN (Tables)

NOTE 2 – GOING CONCERN (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventories	June 30, 2024 December 31, 2023 Inventories: Raw materials and work-in-progress $ 1,913 $ 1,925 Finished goods 8,321 11,731 Gross inventories 10,234 13,656 Inventory valuation reserves — — Inventories, net $ 10,234 $ 13,656

Property and Equipment (Detail

Property and Equipment (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Computer, software, and equipment	$ 4,916	$ 4,916
Accumulated depreciation	(1,921)	(1,430)
PPE, net	$ 2,995	$ 3,486

NOTE 1 _ Summary of Significa_4

NOTE 1 – Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Depreciation	$ 491	$ 492

Inventories (Details)

Inventories (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials and work-in-progress	$ 1,913	$ 1,925
Finished goods	8,321	11,731
Gross inventories	10,234	13,656
Inventory valuation reserves
Inventories, net	$ 10,234	$ 13,656

NOTE 2 _ GOING CONCERN (Details

NOTE 2 – GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 1,480,317	$ 1,305,128

NOTE 4 _ STOCKHOLDERS_ EQUITY (

NOTE 4 – STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	May 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred Stock, Shares Authorized	50,000,000		50,000,000		50,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001		$ 0.001
Preferred Stock, Capital Shares Reserved for Future Issuance						250,000
Preferred Stock, Voting Rights			Each share of Preferred Stock shall have ten thousand (10,000) votes for any election
Preferred Stock, Shares Outstanding	3,400		3,400		3,200
Common Stock, Shares Authorized	500,000,000		500,000,000		500,000,000
Preferred Stock, Conversion Basis			200
Common Stock, Conversion Basis			1,795,774
Share exchange agreement	$ 10,000	$ 20,000
Common Stock, Shares, Issued	78,076,881		78,076,881		79,862,655
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Conversion of Units			200
Share exchange agreement				2,500
Share exchange agreement
Share exchange agreement
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share exchange agreement				25,000,000
Share exchange agreement	10,000	11,428	10,000	11,428
Share exchange agreement	$ 10	$ 11	$ 10,000	$ 20,000

NOTE 5 _ RELATED PARTY TRANSA_2

NOTE 5 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2017	Aug. 14, 2024
Related Party Transaction [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.001			$ 0.001
Founder's shares returned	80,500,000
Founder's shares sold/gifted	13,704,226
Common stock exchange	26,795,774	25,000,000
Preferred stock exchange	200	2,500
Common stock exchange	1,795,774
Accured Payroll	$ 217,388			$ 112,328
Accured Payroll	207,500			58,500
Accurued payroll taxes	7,650			4,590
Royalty payments			$ 1
Patent Royalty Contribution				2,929
Notes payable, related party	14,042					$ 28,414
Accounts payable, related party	70,780			40,000
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
Related Party [Member]
Related Party Transaction [Line Items]
Accured Payroll	$ 215,150			$ 63,090

NOTE 7 _ SUBSEQUENT EVENTS (Det

NOTE 7 – SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended
	Aug. 14, 2024	Jun. 30, 2024	Dec. 31, 2023
Subsequent Events [Abstract]
Proceeds from related party debt	$ 14,372
Notes payable, related party	$ 28,414	$ 14,042