C
CitroTech Inc.
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
22.36M
Op. Cash Flow
$-5.87M
Business
CitroTech Inc. is an environmentally sustainable specialty chemical company that manufactures and distributes fire inhibitor products based on tripotassium citrate chemistry. The company sells fire inhibitors for wildland fire suppression, residential and commercial property protection, and lumber and wood products treatment across the United States and Canada. CitroTech operates through direct product sales to lumber companies, fire departments, and property owners, as well as through CitroSafe Systems, self-contained sprinkler installations deployed for proactive wildfire defense, and wood coating commercialization initiatives.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | Trend | 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 | Trend | 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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Frequently asked questions
What is CitroTech Inc.'s CIK number?
CitroTech Inc.'s SEC CIK number is 0000894556 (894556). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CitroTech Inc.'s SEC filings?
All of CitroTech Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.