Spin-off - Cyber Enviro-Tech, Inc.

Form Type: 10-K

Filing Date: 2025-04-14

Corporate Action: Spin-off

Type: Update

Accession Number: 000107997325000641

Filing Summary: Cyber Enviro-Tech, Inc. (CETI) provides an annual report for the fiscal year ended December 31, 2024. The company focuses on remediation of contaminated industrial wastewater, particularly in the oil & gas sector, and emphasizes its intention to spin off its Alvey Oil Field operation into a separate entity, reflecting discontinued operations in the financial statements. CETI has been in operation since its inception in 1986 as Electronic Biotek, Inc. and has faced substantial doubt regarding its ability to continue as a going concern. The Alvey Oil Field, which is being prepared for spin-off, involves significant investment and development in water filtration technology, alongside efforts to enter international markets, such as the Middle East. CETI does not have employees but relies on consultants for operations. The document also highlights ongoing risks, market conditions, and regulatory compliance issues that could affect CETI's operations and financial health.