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Cyber Enviro-Tech, Inc.

CIK: 19350922 Annual ReportsLatest: 2025-04-14

10-K / April 14, 2025

Revenue:$20,362
Income:-$6,365,984

10-K / March 28, 2024

Revenue:$23,649
Income:-$4,343,104

10-K / April 14, 2025

Company Summary: Cyber Enviro-Tech, Inc.

Overview

  • Name: Cyber Enviro-Tech, Inc. (CETI)
  • Founded: April 1986 in Wyoming (originally Electronic Biotek, Inc.)
  • Type: Water science technology company
  • Focus: Remediation of contaminated industrial wastewater, initially targeting the oil & gas industry
  • Headquarters: Scottsdale, Arizona
  • Business Model: Developing and commercializing advanced water and soil remediation technologies, integrating cyber, aerospace, satellite, industrial, and AI engineering telemetry into their systems.

Business Operations

  • Core Technologies:
    • Water filtration and wastewater treatment systems
    • Waste management and alternative energy systems
    • Neural sensors, controls, and networks connected to cellular devices
    • Proprietary patents (purchased from KAM Biotechnology, Ltd, acquired in 2023, now written off due to insolvency)
  • Services: B2B water and environmental remediation services
  • Target Industries: Oil & gas, meat packing industry, municipal water treatment, and international markets (Middle East, specifically)

Strategic Initiatives

  • Current Pilot Project: Oil field in West Texas (Alvey Oil Field)
    • Owns mineral rights to a 479-acre, 33-well oil field in Callahan County, Texas
    • Discontinued operations to spin off into a separate entity
    • Focus shifting from oil production to water and soil remediation
  • Other Markets: Targeting placement of remediation systems in the Middle East, with a focus on expanding in Texas, and developing additional testing with meat packing clients.
  • Subsidiary: CETI Axenic, focusing on water remediation in the commercial laundry industry; 51% ownership by CETI.

Market and Sales Strategy

  • Market Demand: Systems adaptable globally for water contamination issues
  • Sales Approach: Partnering with experienced industry professionals and companies with established relationships within targeted verticals to shorten sales cycles
  • Contracts: As of April 2025, agreements with several individuals for sales efforts, but no ratified contracts yet

Financial Data (2024)

  • Revenues: Minimal, with discontinued operations totaling approximately $20,362 in 2024
  • Net Loss: $6,365,984 in 2024 (up from $4,343,104 in 2023)
  • Employees: None; currently employs 11 full-time/part-time consultants
  • Assets: $3,565,691
  • Liabilities: total liabilities of approximately $4,067,950
  • Revenue Sources: Mainly from project development, technology testing, and consulting contracts (no significant revenue yet)
  • Revenue Generation: Limited historical revenue; focus on development and testing of remediation systems, with plans to expand internationally and into new industries

Key Risks & Opportunities

  • Substantial doubt about ongoing business operations due to minimal revenues and ongoing financial losses
  • Heavy investments in R&D ($1.5 million in 2024) and asset impairment ($957,377 write-off related to insolvent patent holder)
  • Growing interest in environmental technologies and potential to expand globally (Middle East, US)
  • No significant current customer base but working relationships with individuals and companies for sales initiatives

Summary

Cyber Enviro-Tech, Inc. specializes in innovative water and soil remediation solutions for industrial wastewater, with ongoing development efforts, a pilot oil field project, and plans for international expansion. The company primarily invests in proprietary and licensed technologies, with limited revenues and ongoing losses, and is dependent on raising capital to fund further growth.