SCTH 8-K
Securetech Innovations, Inc. (SCTH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01 |
| Changes in Registrant’s Certifying Accountant |
(a) Dismissal of Previous Independent Registered Public Accounting Firm
On July 31, 2026, the Board of Directors of SecureTech Innovations, Inc. (“SecureTech” or “Company”) dismissed Gary Cheng CPA Limited (“GCCPA”) from its position as the independent registered public accounting firm for SecureTech. SecureTech does not have a seated Audit Committee. The decision to dismiss GCCPA and to engage a successor independent registered public accounting firm was approved by SecureTech’s Board of Directors.
During SecureTech’s most recent fiscal year ended December 31, 2025, and the subsequent interim period (which is the period during which GCCPA served as the Company’s independent registered public accounting firm), through July 31, 2026, the date of dismissal, there were no “disagreements” (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions under the Securities Exchange Act of 1934, as amended (“Exchange Act”)) between SecureTech and GCCPA on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of GCCPA, would have caused GCCPA to make reference to the subject matter of the disagreements in connection with its reports on the consolidated financial statements of SecureTech for such year. Except for the reportable events described below, there were no “reportable events” (within the meaning of Item 304(a)(1)(v) of Regulation S-K and the related instructions under the Exchange Act) during this same period.
As previously disclosed in Part II, Item 9A “Controls and Procedures” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and under Item 4 of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, management concluded that the Company’s internal control over financial reporting was not effective due to the existence of the following material weaknesses: (i) the Company does not have an Audit Committee; and (ii) the Company does not have an independent Board of Directors, nor does it have a board member designated as an independent financial expert. The Board of Directors is comprised of two (2) members, both of whom also serve as executive officers. As a result, there has been a lack of independent oversight of the management team, a lack of independent review of the Company’s operating and financial results, and a lack of independent review of disclosures made by the Company. These weaknesses have existed since the Company’s inception on March 2, 2017 and had not been remediated as of March 31, 2026. As of the date of this Current Report, the Company has taken the following steps toward remediating the identified material weaknesses: (i) Brian Zucker, CPA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on March 31, 2026); (ii) Robert V. Castro, CPA/CGMA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on April 7, 2026); and (iii) Robert J. Williams, CPA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on April 14, 2026). Upon election and seating of these nominees, the Company expects to establish a fully independent Audit Committee and satisfy the requirements for independent board oversight, thereby remediating the material weaknesses described above.
Subsequent to the initial communication regarding the audit transition, the Company’s management identified and evaluated classification matters under U.S. GAAP concerning previously issued financial statements for the fiscal year ended December 31, 2025, and the interim periods ended June 30, 2025, September 30, 2025, and March 31, 2026. Specifically, management determined that:
i)The historical presentation of the redeemable non-controlling interest in Zhejiang Jizhu Technology Co., Ltd. (a subsidiary of the Company incorporated in the People’s Republic of China) was misclassified in permanent equity
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and requires reclassification to mezzanine (temporary) equity pursuant to ASC 480-10-S99, along with corresponding accretion adjustments; and
ii)Certain accounts receivable previously presented as current assets require reclassification to non-current assets.
As a result of these findings, management and the Board of Directors concluded, after discussion with GCCPA, that the financial statements for the aforementioned periods should no longer be relied upon and will require restatement. Management and the Board of Directors also concluded that a material weakness in internal control over financial reporting exists regarding the Company’s accounting and financial reporting controls over complex equity instruments and balance sheet asset classifications.
Effective July 31, 2026, GCCPA’s engagement as the Company’s independent registered public accounting firm for prospective periods was terminated. However, the Company has re-engaged GCCPA under a separate, limited-scope engagement for the sole purpose of re-auditing the restated consolidated financial statements for the year ended December 31, 2025, and completing the interim reviews for the affected quarterly periods ended June 30, 2025, September 30, 2025, and March 31, 2026. In order to effect the restatements resulting from management's reclassifications of the redeemable non-controlling interest and accounts receivable, the Company expects to file Amendment No. 1 to its Annual Report on Form 10-K/A for the year ended December 31, 2025, and Amendments to its Quarterly Reports on Form 10-Q/A for the respective interim periods with the U.S. Securities and Exchange Commission (“SEC”) upon completion of GCCPA’s work.
The Board of Directors has discussed this financial reporting matter with GCCPA, and they believe it represents a reportable event occurring prior to the finalization of GCCPA’s dismissal.
GCCPA’s audit report on SecureTech’s consolidated financial statements for the fiscal year ended December 31, 2025 did not contain an adverse opinion or a disclaimer of opinion, nor was the report qualified or modified with respect to uncertainty, audit scope, or accounting principles, except that the report included an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern due to recurring net losses from operations and an accumulated deficit.
The Company has provided GCCPA with a copy of the foregoing disclosures under Item 4.01 on Form 8-K prior to filing it with the SEC and has requested that GCCPA furnish to SecureTech with a letter addressed to the SEC stating whether it agrees with the statements made by SecureTech in this Item 4.01 on Form 8-K. A copy of GCCPA’s letter, dated July 31, 2026, is attached as Exhibit 16.1 to this report on Form 8-K.
(b) Engagement of New Independent Registered Public Accounting Firm
On July 31, 2026, Marcum Asia CPAs LLP (“Marcum Asia”) was engaged by SecureTech’s Board of Directors as SecureTech’s independent registered public accounting firm, to review SecureTech’s consolidated financial statements for the quarterly periods ended June 30, 2026 and ending September 30, 2026, and to audit SecureTech’s consolidated financial statements for the fiscal year ending December 31, 2026.
During the most recent fiscal year and through July 31, 2026 (which is the period during which GCCPA served as the Company's independent registered public accounting firm), neither SecureTech, nor anyone on its behalf, consulted Marcum Asia regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on SecureTech’s consolidated financial statements; or (ii) any matter that was the subject of a “disagreement” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) or “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On July 31, 2026, the Board of Directors, which is acting in the absence of an audit committee, after discussion with GCCPA, concluded that the Company’s previously issued financial statements for the fiscal year ended December 31, 2025, and for the interim periods for the six months ended June 30, 2025, the nine months ended September 30, 2025 and the three months ended March 31, 2026 (the “Affected Periods”), should no longer be relied upon due to (i) certain accounts receivable previously presented as current assets requiring reclassification to non-current assets, and (ii) errors in the application of accounting
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principles related to the historical presentation of the non-controlling interest in the Company’s subsidiary Zhejiang Jizhu Technology Co., Ltd. (as described above). Specifically, the Company determined that the financial statements for the Affected Periods will require a restatement to reclassify (i) the above-referenced instruments from permanent equity to mezzanine equity along with corresponding accretion adjustments and (ii) the above-referenced accounts receivable from current to non-current assets.
This determination was discussed with GCCPA, who concurred with the Company’s conclusion that the financial statements for the Affected Periods should not be relied upon. The Company has authorized GCCPA to respond fully to any inquiries of Marcum Asia, the Company’s successor independent registered public accounting firm, concerning these matters. The Company is currently taking appropriate actions to address these issues, including filing restated financial statements where necessary and preparing revised filings.
Item 7.01 |
| Regulation FD Disclosure |
On August 5, 2026, SecureTech issued a press release announcing the engagement of Marcum Asia as its independent registered public accounting firm. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 |
| Financial Statements and Exhibits |
(d) Exhibits
16.1 |
| Letter dated August 5, 2026 from Gary Cheng CPA Limited, addressed to the U.S. Securities and Exchange Commission, confirming the disclosure contained in Item 4.01 of this report on Form 8-K |
99.1 |
| Press Release issued by SecureTech Innovations, Inc. on August 5, 2026 (furnished, not filed) |
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| Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, statements regarding the engagement of Marcum Asia as SecureTech’s independent registered public accounting firm, the expected scope and timing of Marcum Asia’s review and audit services, the anticipated transition from SecureTech’s former independent registered public accounting firm, and other statements that are not historical facts. These statements are often identified by words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “may,” “will,” “should,” and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements that the transition between independent registered public accounting firms may not proceed as anticipated, and other risks described in SecureTech’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of SecureTech’s most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q. SecureTech undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 5, 2026 |
By: | SECURETECH INNOVATIONS, INC.
/s/ J. Scott Sitra |
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| President, Chief Executive Officer, Principal Executive Officer, and Director |
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EXHIBIT 16.1
Securities and Exchange Commission
100 F Street, N.E. Washington, D.C. 20549
Re: Securetech Innovations, Inc., Form 8-K Filing Dated August 5, 2026
Ladies and Gentlemen:
We have read Item 4.01 of the Form 8-K dated July 31, 2026, of SecureTech Innovations, Inc. (“Registrant”) and are in agreement with the statements contained in the first, second, fourth, fifth, sixth, and seventh paragraphs under Item 4.01 insofar as they relate to our firm.
We have no basis to agree or disagree with other statements of the Registrant contained in Item 4.01, including statements regarding:
1.The remediation steps taken, in progress, or planned by management and the Board of Directors with respect to the identified material weaknesses in internal control over financial reporting;
2.The nomination, qualifications, or prospective seating/election of independent board and audit committee members; and
3.The Registrant's expected timing for filing its amended reports on Form 10-K/A and Form 10-Q/A.
This letter is provided pursuant to Item 304(a)(3) of Regulation S-K.
Very truly yours,
/s/ Gary Cheng CPA Limited
Gary Cheng CPA Limited
Hong Kong SAR
August 5, 2026
PRESS RELEASE
SecureTech Innovations Engages Marcum Asia as Independent Registered Public Accounting Firm
U.S.-Based PCAOB-Registered Firm Engaged to Strengthen Financial Reporting as SecureTech Scales Operations and Expands Into New Markets
Concurrently, SecureTech has completed a restatement correcting two balance-sheet classification items in prior filings; the corrections do not affect previously reported revenue or cash position
ROSEVILLE, MN – August 5, 2026 – SecureTech Innovations, Inc. (OTCQB: SCTH), a diversified technology holding company advancing artificial intelligence initiatives, industrial 3D printing and manufacturing technologies, and blockchain-based digital infrastructure and assets, today announced two related developments: the engagement of Marcum Asia CPAs LLP (“Marcum Asia”) as its new independent registered public accounting firm and the completion of a restatement correcting two balance-sheet classification items in its prior financial statements. SecureTech expects this engagement to mark the beginning of a long-term relationship with Marcum Asia as the Company continues to grow and enter new markets.
Marcum Asia Engagement
Effective July 31, 2026, Marcum Asia succeeds Gary Cheng CPA Limited (“GCCPA”) as SecureTech's independent auditor. Marcum Asia will conduct quarterly reviews for the periods ended June 30, 2026 and ending September 30, 2026, followed by the audit of SecureTech's fiscal year 2026 financial statements.
As SecureTech scales its U.S. operations alongside its established business in Hong Kong and mainland China (through its subsidiary AI UltraProd), the Company sought an auditor with strong U.S.-based capacity to support both. Marcum Asia's track record with cross-border, U.S.-listed companies made it a natural fit for this next phase, and SecureTech views the engagement as the start of a long-term relationship.
GCCPA served as SecureTech's auditor through a period of substantial growth for the Company and was re-engaged on a limited-scope basis to complete the re-audit and interim reviews tied to the restatement described
below, which is now finished. SecureTech thanks GCCPA for its work and for its continued cooperation in making work papers available to Marcum Asia to support a smooth transition.
Restatement
Concurrently with the engagement of Marcum Asia, SecureTech will be filing a Current Report on Form 8-K disclosing two classification corrections to its financial statements for fiscal year 2025 and the interim periods ended June 30, 2025, September 30, 2025, and March 31, 2026:
·A redeemable non-controlling interest in one subsidiary has been reclassified from permanent equity to mezzanine equity, with related accretion.
·Certain accounts receivable have been reclassified from current to non-current assets.
Both are presentation matters — reclassifications on the balance sheet — and do not change the Company's previously reported revenue or cash position. SecureTech identified both issues through its own internal review process, and has already filed the corrected reports: Amendment No. 1 to its Form 10-K for fiscal year 2025, and amended Form 10-Qs for each affected quarter. These filings can be viewed on SEC.gov.
SecureTech is treating this process as a proof point for its financial reporting discipline: internal controls caught the issues, the Company corrected them without prompting, and it is now moving to a larger, U.S.-based audit firm as it prepares to scale its operations in the U.S. This builds on SecureTech's recent nomination of three independent directors to form a fully independent Audit Committee upon SecureTech’s planned Nasdaq listing.
J. Scott Sitra, SecureTech’s President and CEO, stated: “Engaging a U.S.-based PCAOB-registered firm of Marcum Asia’s caliber is an important step as we build toward our planned Nasdaq listing and strengthen our financial reporting across a growing, multinational operating footprint. Equally important, we are committed to getting our financial reporting right and to being fully transparent with our shareholders. We identified these classification matters internally and corrected them — that's the standard we're holding ourselves to. We are grateful to Gary Cheng CPA Limited for their continued cooperation, and we look forward to a productive, long-term relationship with the Marcum Asia team as SecureTech enters its next phase of rapid growth.”
About SecureTech Innovations
SecureTech Innovations, Inc. (OTCQB: SCTH) is a diversified technology holding company whose subsidiaries operate across artificial intelligence-driven manufacturing, blockchain-based digital infrastructure and cybersecurity, and patented vehicle security systems. Its portfolio companies include AI UltraProd, which develops AI-powered industrial 3D manufacturing solutions; Piranha Blockchain, which focuses on Web3 security architecture, digital asset infrastructure, and cybersecurity systems; and Top Kontrol, which holds patented vehicle anti-theft and anti-carjacking technology. SecureTech’s mission is to deliver practical, transformative technologies that improve safety, automation, and digital resilience across multiple industries.
For further information, visit our websites:
securetechinnovations.com | aiultraprod.com | piranhablockchain.com | topkontrol.com
Disclaimer & Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may include, but are not limited to, statements regarding SecureTech’s plans to seek listing on the Nasdaq Capital Market, AI UltraProd’s planned U.S. projects and anticipated contribution of U.S. operations to consolidated results, SecureTech’s expectations regarding its relationship with Marcum Asia, and SecureTech’s business and strategic outlook. These statements are often identified by words such as “believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,” “intends,” “potential,” “may,” “could,” “might,” “will,” “should,” “approximately,” and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, events, or circumstances to differ materially from those expressed or implied, including the risk that SecureTech’s Nasdaq listing application may not be approved, that required regulatory approvals may not be obtained, that anticipated U.S. operations may be delayed or may not materialize as expected, that SecureTech’s relationship with Marcum Asia may not continue as currently anticipated, and other risks described in SecureTech’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of SecureTech’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. SecureTech’s SEC filings are available at www.sec.gov. SecureTech undertakes no obligation to update any forward-looking statement to reflect new information, future events, or otherwise, except as required by applicable law.
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Media Contact
SecureTech Innovations, Inc.
Email: [email protected]
Phone: (651) 317-8990
Website: www.securetechinnovations.com