Securetech Innovations, Inc. said management's plans alleviate substantial doubt about going concern
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
NOTE 2 – GOING CONCERN The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. In accordance with ASC 205-40, the Company has evaluated whether conditions or events exist that raise substantial doubt about its ability to continue as a going concern within one year after the date these financial statements are issued. For the six months ended June 30, 2026, the Company incurred a net loss of $1,441,466, of which $1,431,385 was attributable to SecureTech shareholders, and used $2,228,293 of cash in operating acti
Evidence
Caveat
None
Comparable
True
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2026-08-06
Prior form
10-Q/A
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Registrant changed from
None
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Securetech Innovations, Inc. told the SEC it could not file its quarterly report on time
(“SecureTech”) is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026 (“Form 10-Q”) by the prescribed due date without unreasonable effort or expense. Effective July 31, 2026, SecureTech dismissed Gary Cheng CPA Limited and engaged Marcum Asia CPAs LLP as its independent registered public accounting firm. The change in accountants has required substantial additional time and resources, including the new accounting firm’s client acceptance, planning and risk assessment procedures, and its review of SecureTech’s historical financial information, before the review of the interim financial statements to be included in the Form 10-Q could be completed. In c
Evidence
Anticipates significant change
None
Other periodic reports filed
None
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(“SecureTech”) is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026 (“Form 10-Q”) by the prescribed due date without unreasonable effort or expense. Effective July 31, 2026, SecureTech dismissed Gary Cheng CPA Limited and engaged Marcum Asia CPAs LLP as its independent registered public accounting firm. The change in accountants has required substantial additional time and resources, including the new accounting firm’s client acceptance, planning and risk assessment procedures, and its review of SecureTech’s historical financial information, before the review of the interim financial statements to be included in the Form 10-Q could be completed. In c
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.