10-K/A: Omnitek Engineering Corp. Files Form 10-K/A, Correcting Auditor's Report Date
Form 10-K/A
Omnitek Engineering Corp. files an amendment to its annual report to correct the date and signature of the auditor's report, with no changes to the original financial information.
Summary
- Omnitek Engineering Corp. filed an amendment (Form 10-K/A) to its annual report (Form 10-K) for the year ended December 31, 2024.
- The amendment solely addresses corrections to the date and signature of the auditor's report.
- The original report was filed with the SEC on April 15, 2025.
- No other changes were made to the original filing; the financial or other information remains unchanged.
- The amendment does not reflect events occurring after the original filing date.
Sentiment
Score: 5
Explanation: The document is a neutral amendment to a previous filing, primarily addressing administrative corrections. There is no indication of positive or negative sentiment.
Future Outlook
The document contains forward-looking statements regarding future performance, growth strategies, and financing plans, which are subject to risks and uncertainties.
Industry Context
The company operates in the alternative fuel engine and engine conversion kit market, which is influenced by factors such as fuel prices, environmental regulations, and technological advancements.
Legal Proceedings
- On September 16, 2022, the Company received a Summons and was named as a cross-defendant in the matter of Olson-Ecologic Engine Testing Laboratories, LLC -vMichael Naylor, Omnitek Engineering Corp., and Moto Concerto, Inc.
- The trial date is set for December 8, 2025.
Related Party Transactions
- On June 4, 2021, the Company issued a convertible promissory note for $20,000 to a board member.
- On March 23, 2023, the Company issued a Working Capital Promissory Note, in favor of its CEO.
Key Dates
| Date | Description |
|---|---|
| 2001-10-10 | Omnitek Engineering Corp. began operations. |
| 2015-09-11 | Board of Directors adopted the Omnitek Engineering Corp. 2015 Long-term Incentive Plan |
| 2017-06-30 | Board of Directors adopted the Omnitek Engineering Corp. 2017 Long-term Incentive Plan |
| 2017-10 | Olson-Ecologic advised Omnitek that the California Energy Commission had terminated the project. |
| 2020-04-21 | The Company obtained a loan (the SBA EIDL Loan) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) |
| 2021-06-03 | The Company entered into a lease for the premises located at 1345 Specialty Drive #E, Vista, CA |
| 2021-07-01 | Lease commenced for the premises located at 1345 Specialty Drive #E, Vista, CA |
| 2022-02 | Russia's military intervention in Ukraine. |
| 2022-09-16 | The Company received a Summons and was named as a cross-defendant in the matter of Olson-Ecologic Engine Testing Laboratories, LLC -vMichael Naylor, Omnitek Engineering Corp., and Moto Concerto, Inc. |
| 2023-03-23 | The Company issued a Working Capital Promissory Note, in favor of its CEO |
| 2023-09-15 | The lender elected to transfer the unpaid principal balance of $15,000 to the Working Capital Promissory Note. |
| 2024-04-25 | The Company granted stock options to directors. |
| 2024-05-03 | The Company entered into new Employment Agreement with Mr. Funk. |
| 2024-12-31 | End of fiscal year. |
| 2025-04-15 | Original Form 10-K filing date and date of this amendment. |
| 2025-12-08 | Trial date for legal proceedings. |
Keywords
Form 10-K/A, annual report, Omnitek Engineering Corp., auditor's report, SEC filing, financial statements
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