CitroTech Inc.

Listed Company

CITRCIK 0000894556NYSENon-AcceleratedSmaller ReportingChemicals & Allied ProductsWyomingFY ends Dec 31

Period

FY 2025

Revenue

$2.38M

Net Income

$-36.84M

Total Assets

$14.18M

Equity

$11.26M

Shares Out

19.15M

Op. Cash Flow

$-5.87M

Business

General Enterprise Ventures, Inc. operates as an environmentally sustainable flame retardant and flame suppression company serving the residential home industry. It offers CitroTech™ formulations (MFB31 and MFB34) used for wildfire defense, wood treatment to inhibit fire and mold, and installs proactive wildfire defense sprinkler systems; it also develops wood coatings and markets intellectual property related to fire suppression technology. Key business segments include product manufacturing and sales, system installation and proactive wildfire defense services, management of intellectual property and related consulting. The company markets primarily to homeowners, developers, fire departments and commercial customers in western U.S. states, shipping products directly and through retailers, wholesalers and system installers.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2	808,372	520,645	62,732	0
Cost of revenue, exclusive of amortization and depreciation shown separately below	2	554,182	—	—	—
Cost of revenue - related parties	60,290	101,317	—	—	—
Amortization and depreciation	329,334	264,696	248,510	—	—
General and administration	2	498,445	256,602	281,970	3,672
Advertising and marketing	673,636	1	148,289	—	—
Payroll and management compensation	10	75,000	180,000	—	—
Professional fees	2	3	—	—	—
Professional fees - related parties	2	589,254	—	—	—
Research and development expense	198,505	14,002	0	—	—
Total operating expenses	19	6	11	3	58,213
Loss from operations	−16	−5	−10	−3	−37,909
Other income	600	0	—	—	—
Interest expense	−2	−257,782	−4,328	−255	−1,469
Interest expense - related parties	−1	0	—	—	—
Interest income	26,935	0	—	—	—
Financing expense	−6	0	—	—	—
Financing expense - related party	−3	0	—	—	—
Loss on fair value of derivative liability	−2	−409,776	0	—	—
Loss on settlement of debt	−7	−909,486	0	—	—
Total other expense	−20	−2	−4,328	−255	—
Loss before taxes	−37	−7	−10	−3	−44,973
Provision for income taxes	0	0	0	0	0
Net loss	−37	−7	−10	−3	−94,973
Comprehensive loss	−37	−7	−10	3	—
Net loss per common share - basic	−2.96	−0.82	—	−0.05	0
Net loss per common share - diluted	−2.96	−0.82	−0.1	−0.04	0
Weighted average number of common shares outstanding - basic	12	8	—	62	23
Weighted average number of common shares outstanding - diluted	12	8	97	75	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-01-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash	6	—	775,133	—	—
Accounts receivable, net	209,047	—	317,455	427,433	0
Inventory	620,768	—	324,657	230,197	114,645
Prepaid expenses	317,020	—	74,129	—	—
Deferred offering costs	0	—	126,104	0	—
Total Current Assets	7	—	2	1	170,319
Intangible assets, net	5	—	4	4	—
Operating lease right-of-use asset	753,363	—	49,347	129,683	39,367
Equipment, net	630,279	—	111,374	7,299	4,547
Security deposit	57,491	36,991	0	—	—
Total Non-Current Assets	7	—	4	—	—
Total Assets	14	—	5	5	4
Accounts payable and accrued liabilities	316,321	—	186,984	54,572	87,398
Deferred revenue	3,000	—	0	—	—
Convertibles notes, net of discount	219,321	—	196,077	54,000	35,000
Convertibles notes, net of discount - related parties	1	—	576,693	—	—
Due to related parties	167,971	—	0	—	—
Financing loan - current portion	30,000	—	96,849	—	—
Derivative liability	0	—	1	0	—
Operating lease liability - current portion	147,613	—	50,047	80,136	39,367
Total Current Liabilities	2	—	2	2	1
Financing loan	133,381	—	0	—	—
Operating lease liability	617,598	—	0	50,047	0
Total Non-Current Liabilities	750,979	—	0	—	—
Total Liabilities	3	—	2	2	1
Common Stock, par value $0.0001, authorized 1,000,000,000 shares, 18,522,315 and 6,140,264 issued and outstanding, respectively	1,852	—	614	9,755	9,395
Additional paid-in capital	124	—	80	72	63
Accumulated deficit	−113	—	−76	−69	−59
Total Stockholders' Equity	11	—	3	4	3
Total Liabilities and Stockholders' Equity	14	—	5	5	4

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	15	3	—	—	—
Stock-based compensation - related parties	5	348,000	—	—	—
Bad debt expense	345,950	22,774	0	—	—
Non-cash lease expenses	161,202	80,336	71,349	—	—
Amortization of debt discount	2	196,077	0	—	—
Loss on settlement of debt	7	909,486	—	—	—
Write off of deferred offering costs	197,415	0	—	—	—
Accounts receivable	−237,542	87,204	−427,433	0	—
Inventory	−370,938	−94,460	−101,092	−114,645	0
Prepaid expenses	−242,891	−63,458	−10,431	−240	0
Security deposit	−57,491	0	—	—	—
Accounts payable and accrued liabilities	343,759	147,281	−32,827	76,657	14,837
Related party advances funding operating expense	25,300	6,496	—	—	—
Accrued interest - related parties	223,128	0	—	—	—
Deferred revenue	3,000	0	—	—	—
Operating lease liabilities	−150,054	−80,136	−70,849	−40,000	—
Net Cash used in Operating Activities	−6	−2	−1	−708,450	−24,206
Purchase of equipment	−193,953	0	−4,015	−5,350	0
Acquisition of intangible asset	−100,000	0	—	—	—
Net Cash used in Investing Activities	−293,953	0	−4,015	−5,349	−287,100
Proceeds from convertible notes and warrants	2	1	0	35,000	—
Proceeds from convertible note and warrants - related party	2	0	—	—	—
Payments of deferred offering costs	−71,311	−126,104	—	—	—
Proceeds from loan - related party	0	2,000	307,500	784,484	311,275
Repayment of loan - related party	−25,000	−740,880	−125,000	−55,720	—
Proceeds from issuance of Series C Convertible Preferred Stock and warrants	8	2	907,600	0	—
Repayment of financing loan	−264,996	−23,307	—	—	—
Net Cash provided by Financing Activities	12	2	2	763,764	316,775
Change in cash	5	225,378	494,321	—	—
Cash paid for interest	12,957	9,157	0	0	0
Cash paid for taxes	0	0	0	0	0
Common stock issued for services	0	2	—	—	—
Series C Convertible Preferred stock issued for services	0	1	—	—	—
Common stock issued upon conversion of Series C Convertible Preferred stock	1,054	0	—	—	—
Common stock issued for conversion and settlement of debt	11	1	—	—	—
Common stock issued for stock to be issued - management	0	180,000	—	—	—
Stock payable for acquisition of intangible asset	2	0	—	—	—
Series C Convertible Preferred stock issued for subscription received	0	500,000	—	—	—
Cancellation of common stock - related party	0	6,500	—	—	—
Warrants issued in conjunction with convertible debts	882,000	546,863	—	—	—
Right -of-use assets obtained in exchange for new operating lease liabilities	865,218	0	—	—	—
Recognition of derivative liability as debt discount	1	645,457	—	—	—
Transfer from inventory to property and equipment	74,827	0	—	—	—
Acquisition of property and equipment as financing loan	331,528	120,155	—	—	—

Filings

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