OTC: CETI
Cyber Enviro-Tech, Inc.CIK 0001935092 · SIC 3690 · Miscellaneous Electrical Equipment
CYBER ENVIRO-TECH, INC. ("the Company", "CETI") was founded in the State of Wyoming as Electronic Biotek, Inc in April 1986 (“Inception”). About this business →
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Three Months Ending June 30, 2026 | Three Months Ending June 30, 2025 | Six Months Ending June 30, 2026 | Six Months Ending June 30, 2025 |
|---|---|---|---|---|
| Revenue: | ||||
| Gross sales | — | — | — | — |
| Cost of sales | — | — | — | — |
| Gross margin | — | — | — | — |
| Operating Expenses: | ||||
| Professional fees | 99,697 | 31,991 | 162,610 | 183,111 |
| General and administrative | 94,553 | 266,911 | 268,396 | 485,559 |
| Consulting | 130,430 | 427,479 | 306,964 | 942,668 |
| Total operating expenses | 324,680 | 726,381 | 737,970 | 1,611,338 |
| Operating loss from continuing operations | (324,680) | (726,381) | (737,970) | (1,611,338) |
| Other Income (Expense): | ||||
| Change in fair value of derivatives | 346,646 | 61,318 | (19,363) | (141,392) |
| Loss on issuance of derivatives | (159,848) | (57,538) | (1,246,006) | (75,214) |
| Gain on extinguishment of derivative liability | 173,430 | 10,601 | 202,003 | 362,572 |
| Loss on extinguishment of debt | (379,644) | — | (379,644) | — |
| Change in fair value of contingent liabilities | — | 10,000 | 174,675 | 25,000 |
| Change in fair value of WTXR | 184,132 | — | 184,132 | — |
| Interest income | 3,403 | 4,030 | 6,769 | 7,318 |
| Interest expense | (571,624) | (168,001) | (974,521) | (499,724) |
| Total other expense, net | (403,505) | (139,590) | (2,051,955) | (321,440) |
| Loss from continuing operations | (728,185) | (865,971) | (2,789,925) | (1,932,778) |
| Discontinued Operations: | ||||
| Loss from operations of discontinued operations | — | (117,320) | — | (198,594) |
| Total Discontinued Operations | — | (117,320) | — | (198,594) |
| Net Loss | (728,185) | (983,291) | (2,789,925) | (2,131,372) |
| Net provision for income taxes | — | — | — | — |
| Less net loss attributable to noncontrolling interest | — | 12,559 | — | 17,089 |
| Net loss attributable to common stockholders | (728,185) | (970,732) | (2,789,925) | (2,114,283) |
| Loss per share, basic and diluted | (0.01) | (0.01) | (0.02) | (0.02) |
| Weighted average shares outstanding, basic and diluted | 155,377,227 | 115,904,359 | 154,662,469 | 113,345,028 |
Consolidated Balance Sheets
| Description | June 30, 2026 (Unaudited) | December 31, 2025 (Audited) |
|---|---|---|
| Cash and cash equivalents | 6,796 | 50,230 |
| Loans receivable | 215,000 | 215,000 |
| Investment in WTXR | 387,500 | 203,368 |
| Prepaid expenses and other current assets | 450,244 | 269,519 |
| Total current assets | 1,059,540 | 738,117 |
| Property and equipment, net | 1,149,889 | 1,151,231 |
| Long-term deposits | 1,167,500 | 100,000 |
| Total Assets | 3,376,929 | 1,989,348 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable | 511,700 | 359,490 |
| Accounts payable related parties | 342,766 | 210,170 |
| Accrued interest | 538,412 | 309,487 |
| Notes payable, current maturities | 268,953 | 199,001 |
| Notes payable, related party | 153,989 | 168,471 |
| Convertible notes payable, net of discount of $392,798 and $263,018 at June 30, 2026 and December 31, 2025, respectively | 2,761,076 | 1,169,944 |
| Convertible notes payable related party | 84,600 | 22,000 |
| Contingent liabilities | — | 190,000 |
| Total current liabilities | 4,661,496 | 2,628,563 |
| Notes payable long term | 85,808 | — |
| Convertible notes payable, net of current maturities, and net of discount of $137,671 and $274,416 at June 30, 2026 and December 31, 2025, respectively | 99,829 | 1,390,065 |
| Derivative liability | 2,655,735 | 1,071,944 |
| Total Liabilities | 7,502,868 | 5,090,572 |
| Commitments and contingencies (Note 4) | ||
| Stockholders’ Deficit: | ||
| Series A Convertible Preferred Stock, par value $0.001, 200,000 shares authorized; 56,671 and 16,671 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 57 | 17 |
| Series B Convertible Preferred Stock, par value $0.001, 85,000 shares authorized; 1 share issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | — | — |
| Series C Non-convertible, Preferred Stock, par value $0.001, 50,000 shares authorized; 0.5 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | — | — |
| Series D Convertible Preferred Stock, par value $0.001, 5,000,000 shares authorized; 1,940,417 and nil shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1,940 | — |
| Special 2020 Series A Preferred Stock, par value $0.0001, 1 share authorized; 1 share issued and 0 outstanding as of June 30, 2026 and December 31, 2025, respectively | — | — |
| Special 2025 Series A Preferred Stock, par value $0.0001, 1 share authorized; 1 and nil share issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | — | — |
| Common Stock, par value $0.001, 650,000,000 shares authorized, 161,388,095 and 128,889,309 shares issued and outstanding, as of June 30, 2026 and December 31, 2025, respectively | 161,403 | 128,904 |
| Additional paid-in capital | 18,667,534 | 15,978,681 |
| Common stock to be issued, par value $0.001, 4,142,196 and 13,663,352 to be issued as of June 30, 2026 and December 31, 2025, respectively | 630,776 | 1,611,148 |
| Preferred stock to be issue0, par value $0.001, 22,250 and 0 to be issued as of June 30, 2026 and December 31, 2025, respectively | 22,250 | — |
| Treasury stock, at cost, par value $0.0001, 1 share issued and 0 outstanding as of June 30, 2026 and December 31, 2025. | (66,400) | (66,400) |
| Accumulated deficit | (23,543,499) | (20,753,574) |
| Total Stockholders’ Deficit | (4,125,939) | (3,101,224) |
| Total Liabilities and Stockholders’ Deficit | 3,376,929 | 1,989,348 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (2,789,925) | (2,131,372) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Change in fair value of derivatives | 19,363 | 141,392 |
| Change in fair value of contingent liability | (174,675) | (25,000) |
| Change in fair value of WTXR | (184,132) | — |
| Loss on issuance of derivatives | 1,246,006 | 75,214 |
| Gain on extinguishment of derivative liability | (202,003) | (362,572) |
| Loss on extinguishment of debt | 379,644 | — |
| Stock compensation | 59,000 | 74,643 |
| Shares issued for exercised warrants | — | 28,987 |
| Amortization of debt discount | 586,566 | 288,555 |
| Depreciation and amortization expense | 1,342 | 5,126 |
| Changes in operating assets and liabilities | ||
| Prepaid expenses and other current assets | (180,726) | (79,227) |
| Accounts payable | 193,679 | 214,556 |
| Accounts payable related parties | 118,346 | — |
| Accrued interest | 225,687 | 99,841 |
| Contingent liabilities | — | (100,000) |
| Net cash used in operating activities from continuing operations | (701,828) | (1,769,857) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | — | (491,950) |
| Issuance of loan receivable | — | (30,000) |
| Net cash from investing activities from continuing operations | — | (521,950) |
| Cash flows from financing activities: | ||
| Repayment of convertible notes payable | (146,625) | (115,263) |
| Repayment of convertible notes payable related parties | (3,000) | — |
| Proceeds from convertible notes payable | 464,000 | 2,378,000 |
| Proceeds from convertible notes payable related parties | 65,600 | |
| Proceeds from notes payable | 211,834 | — |
| Shares issued for cash | 137,192 | 200,000 |
| Repayment of notes payable | (70,607) | (110,061) |
| Net cash from financing activities from continuing operations | 658,394 | 2,352,676 |
| Net change in cash and cash equivalents from continuing operations | (43,434) | 60,869 |
| Cash flow from discontinued operations: | ||
| Net cash from operating activities from discontinued operations | — | 12,134 |
| Net cash from investing activities from discontinued operations | — | — |
| Net cash from financing activities from discontinued operations | — | — |
| Net change in cash and cash equivalents from discontinued operations | — | 12,134 |
| Cash and cash equivalents at beginning of year | 50,230 | 59,411 |
| Cash and cash equivalents at end of period | 6,796 | 132,414 |
| Cash paid during the period for: | ||
| Interest | 40,660 | 18,780 |
| Income taxes | — | — |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||
| Shares issued for conversion of convertible notes payable and accrued interest | 407,215 | 1,405,537 |
| Shares issued for settlement of contingent liability | — | 195,000 |
| Recognition of debt discount | 514,000 | 268,215 |
| Recognition of derivative liability on note issuance | 1,773,846 | 275,215 |
| Shares issued for conversion of accrued interest | 107,733 | — |
| Shares issued for interest | 9,175 | — |
| Shares issued pursuant to manufacturing and distribution agreement | 1,067,500 | — |
| Shares issued pursuant to stock price guarantee | 15,325 | — |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About Cyber Enviro-Tech, Inc.
Source: Item 1 (Business) from the 10-K filed May 20, 2026. Description as filed by the company with the SEC.
Item 1. Business – OVERVIEW OF OUR COMPANY
Our Company
CYBER ENVIRO-TECH, INC. ("the Company",
"CETI") was founded in the State of Wyoming as Electronic Biotek, Inc in April 1986 (“Inception”).
Cyber Enviro-Tech, Inc is a water science technology
company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We
are an emerging growth company with limited revenues and operating history. Our independent auditor has issued an audit opinion which
includes a statement expressing substantial doubt as to our ability to continue as a going concern. We owned an oil field in West Texas,
which we identified as our pilot project. We owned the mineral rights to a 479 acre, 33-well, located in Callahan County, Texas.
This oil field operation was known as the Alvey oil field and it was spun-off into a new entity on October 14, 2025. The Alvey project
was shown as discontinued operation in the accompanying consolidated financial statements for the year ended December 31, 2024. In addition,
the Company is continuing the development and testing of its water filtration machine as well as looking to place its oil and soil remediation
systems in the Middle East and its water remediation systems in the meat packing industry and with municipalities.
CETI is a 51% owner of CETI Axenic (“Axenic”).
Axenic was formed in 2024 and focused on water remediation in the commercial laundry industry. Axenic shut down operations effective
December 31, 2025.
Read full description ↓
GENERAL OVERVIEW
Form and year of organization;
Cyber Enviro-Tech, Inc., was founded in the State
of Wyoming as Electronic Biotek, Inc in April 1986.
Bankruptcy, receivership;
The Company has never filed Bankruptcy or been involved in any
receiverships or similar proceedings.
Material reclassification;
The Company has been known by a variety
of names since its inception in the State of Wyoming as Electronic Biotek, Inc. In 2020, CETI through its previous name, Globel Technologies,
Inc. (“Global”) acquired NexGen Holdings Corp via a reverse merger. Subsequent to the reverse merger, the Company changed
its name to Cyber Enviro-Tech, Inc. Below lists the names that the Company has been known as since inception as well as the dates those
names were active:
Cyber Enviro-Tech, Inc - CURRENT.
NexGen Holdings Corp - Until October 6, 2020
WindPower Innovations, Inc. until January 2014
Educational Services International, Inc. until November 2009
Bio-Life Systems, Inc. until November 2001
Biolectronics, Corp. to April 1992
Electronic Biotek, Inc April 1986
Business of Cyber Enviro-Tech, Inc.;
Cyber Enviro-Tech, Inc is a water science technology
company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We
do this by integrating technologies to include cyber, aerospace, satellite, industrial and AI engineering telemetry. Our water filtration,
wastewater and alternative energy systems will have neural sensors, controls and networks - all connected to a cellular device.
1
Our pilot project was an oil field in West Texas.
We owned the mineral rights to a 479 acre, 33-well, located in Callahan County, Texas. This oil field operation was known as the
Alvey oil field and it was spun-off into a new entity on October 14, 2025. The Alvey project was shown as discontinued operation in the
accompanying consolidated financial statements for the year ended December 31, 2024. In addition, the Company is continuing the development
and testing of its water filtration machine as well as looking to place its oil and soil remediation systems in the Middle East and its
water remediation systems in the meat packing industry and with municipalities.
Our focus for the current fiscal year will be on
water/oil remediation as opposed to oil production and we will focus on developing and expanding our water and oil/soil remediation technologies
both domestic and foreign.
Sales Strategy – CETI’s B2B Sales Strategy
includes partnering with individuals and companies who have many years of experience and developed relationships within their respective
targeted vertical markets. Prior knowledge of those specific industry issues, water filtration needs, history and relationships developed
over many years will enable them to shorten the sales cycle for our water filtration system.
Market Demand and Size - CETI’s water filtration
system can be modified to address many of the water contamination issues that exists worldwide. The markets envisioned for the CETI water
filtration system, when funds permit, would be both domestic (U.S.) and global.
Government Regulation
We are subject to government regulations that regulate
businesses generally, such as compliance with regulatory requirements of federal, state, and local agencies and authorities, including
regulations concerning workplace safety and labor relations. In addition, our operations are affected by federal and state laws relating
to marketing practices in the oil industry and/or expansion of operations; a change to or changes to government regulations; a general
economic slowdown; a significant decrease in the price of West Texas Intermediate crude. Any change in one or more of these factors could
reduce our ability to earn and grow revenue in future periods.
Research and Development
For the years ending December 31, 2025 and 2024,
we spent approximately $396k and $1.5 million in research and development of our oil/water filtration products and process, respectively.
In addition, from 2021 through December 31, 2024, approximately $3.4 million was invested in the Alvey Ranch Oil field to test our new
technologies in opening up the downhole fractures and removing contaminants from the reservoir for increased oil production. The former
has been expensed and the latter capitalized. Effective October 14, 2025, the Alvey oil field was spun off into a separate company as
the Company intends to focus its efforts on water and oil/soil remediation.
Personnel
As of December 31, 2025, we have no employees but
the Company does have 7 full-time and part-time consultants.