M&A - Ameritek Ventures, Inc.

Form Type: 10-K

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000137647425000312

Filing Summary: Ameritek Ventures, Inc. reported significant developments in its annual Form 10-K for the fiscal year ending December 31, 2024. Notably, the company sold its subsidiary, Ecker Capital, LLC, to ZenaTech, Inc. on October 1, 2024. This sale included the company's holdings in Interactive Systems, Inc. and interlinkONE, Inc., resulting in a notable decrease in operating revenue and expenses by 29% and 44%, respectively, compared to the previous year. The net income for 2024 was reported at $4,496,799, a substantial recovery from a net loss of $58,910 in 2023, primarily due to gains from the asset disposal. The company maintains a focus on technological advancements across multiple sectors, including warehouse solutions and medical technology, while exploring new ventures such as Equock, Inc., which aims to develop electric bicycles. The financial outlook indicates a strategic shift towards utilizing internal resources and reducing operational costs, enhancing overall profitability despite the challenges faced during the past year.

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