Wytec International Inc 10-K for FY2023

Wytec International Inc (WYTC)

10-K 2024-03-29 For: 2023-12-31

Added on April 06, 2026

About this 10-K

Wytec International Inc filed this 10-K on March 29, 2024, covering the fiscal year ended December 31, 2023 (FY2023).

Headline figures

Fiscal year ended December 31, 2023, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $255.63K; down 38.2% from $413.86K a year earlier
Net loss: $3.31M; compared with a net loss of $2.08M a year earlier
Diluted EPS: -$0.27; compared with -$0.20 a year earlier

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Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

		Page
PART I
Item 1	Business	1
Item 1A	Risk Factors	6
Item 1B	Unresolved Staff Comments	14
Item 1C	Cybersecurity	14
Item 2	Properties	15
Item 3	Legal Proceedings	15
Item 4	Mine Safety Disclosures	15

PART II
Item 5	Market for Registrant’s Common Equity and Related Stockholder Matters, and Issuer Purchases of Equity Securities	16
Item 7	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Item 8	Financial Statements and Supplementary Data	24
Item 9	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	25
Item 9A	Controls and Procedures	25
Item 9B	Other Information	26

PART III
Item 10	Directors, Executive Officers, and Corporate Governance	27
Item 11	Executive Compensation	32
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	37
Item 13	Certain Relationships and Related Transactions, and Director Independence	39
Item 14	Principal Accounting Fees and Services	41

PART IV
Item 15	Exhibits, Financial Statement Schedules	42
SIGNATURES		44

	(a)	volatility or decline of our stock price;

	(b)	potential fluctuation in quarterly results;

	(c)	our failure to earn revenues or profits;

	(d)	inadequate capital to continue business;

	(e)	insufficient revenues to cover operating costs;

	(f)	barriers to raising the additional capital or to obtaining the financing needed to implement our business plans;

	(g)	dilution experienced by our shareholders in their ownership of the Company because of the issuance of additional securities by us, or the exercise of warrants or conversion of outstanding convertible securities;

	(h)	inability to complete research and development of our technology with minimal revenue;

	(i)	lack of demand for our products and services;

	(j)	loss of customers

	(k)	rapid and significant changes in markets;

	(l)	technological innovations causing our technology to become obsolete;

	(m)	increased competition from existing competitors and new entrants in the market;

	(n)	litigation with or legal claims and allegations by outside parties;

	(o)	inability to start or acquire new businesses, or lack of success of new businesses started or acquired by us, if any;

	(p)	inability to effectively develop or commercialize our technology; and

	(q)	inability to obtain patent or other protection for our proprietary intellectual property.

Report of Independent Registered Public Accounting Firm (PCAOB ID 171)			F-1

Report of Independent Registered Public Accounting Firm (PCAOB ID 206)			F-2

Balance Sheet as of December 31, 2023 and 2022			F-3

Statements of Operation for the years ended December 31, 2023 and 2022			F-4

Statement of Stockholders’ (Deficit) for the years ended December 31, 2023 and 2022			F-5

Statements of Cash Flow for the years ended December 31, 2023 and 2022			F-7

Notes to Financial Statements			F-8

	WYTEC INTERNATIONAL, INC.
	(Exact name of registrant as specified in its charter)


	2023			2022
Assets
Current assets:
Cash	$	564,760		$	93,748
Accounts receivable		–			1,500
Inventory		30,303			95,939
Total current assets		595,063			191,187

Property and equipment, net		26,205			68,560
Investment in limited liability company		600,000			–
Operating lease, right-of-use assets		–			12,280

Total assets	$	1,221,268		$	272,027

Liabilities and Stockholders' Deficit
Current liabilities:
Accounts payable and accrued expenses	$	391,104		$	636,364
Accounts payable, related party		253,771			271,509
Other payable		335,000			335,000
Operating lease, right-of-use obligation, current portion		–			11,134
Contract liability		21,394			2,836
Notes payable, current portion		21,609			27,751
Convertible promissory notes, shareholders		–			705,900
Convertible promissory notes		364,515			380,000
Promissory notes, shareholders		710,000			860,000
Total current liabilities		2,097,393			3,230,494

Long-term liabilities:
Operating lease, right-of-use obligation, long term portion		–			1,241
Notes payable, long term portion		–			21,904
Total long-term liabilities		–			23,145

Total liabilities		2,097,393			3,253,639

Commitments and contingencies (See Note M)		–			–

Stockholders' deficit:
Preferred stock, par value $0.001 per share, 20,000,000 shares authorized:
Series A convertible preferred stock, par value $0.001 per share, 4,100,000 shares designated, 100,000 shares issued and 0 shares outstanding at December 31, 2023 and 2022		100			100
Series B convertible preferred stock, par value $0.001 per share, 6,650,000 shares designated, 44,535 shares issued and 0 shares outstanding at December 31, 2023 and 2022		45			45
Series C convertible preferred stock, par value $0.001 per share, 1,000 shares designated, 1,000 shares issued and 1,000 shares outstanding at December 31, 2023 and 2022		1			1
Common stock, par value $0.001 per share, 495,000,000 shares authorized, 13,288,692 and 12,195,166 shares issued and outstanding at December 31, 2023 and 2022		13,287			12,194
Additional paid-in capital		30,558,906			25,118,099
Accumulated deficit		(31,109,214	)		(27,798,201	)
Repurchased shares		(80,000	)		(80,000	)
Subscriptions payable		–			25,400
Treasury stock:
Series A convertible preferred stock, at cost, 100,000 shares and 100,000 shares		(179,368	)		(179,368	)
Series B convertible preferred stock, at cost, 44,535 shares and 44,535 shares		(79,882	)		(79,882	)
Total stockholders' deficit		(876,125	)		(2,981,612	)

Total liabilities and stockholders' deficit	$	1,221,268		$	272,027


	For the Year Ended
	December 31,
	2023			2022

Revenues	$	255,634		$	413,858
Cost of revenues		170,904			339,796

Gross profit		84,730			74,062

Expenses:
Selling, general and administrative		2,999,384			1,932,595
Research and development		131,759			–
Depreciation and amortization		42,355			48,205
Operating expenses, net		3,173,498			1,980,800

Net operating loss		(3,088,768	)		(1,906,738	)

Other income (expense):
Other income		14,679			–
Interest expense		(236,924	)		(174,917	)
Total other expense		(222,245	)		(174,917	)

Net loss	$	(3,311,013	)	$	(2,081,655	)

Weighted average number of common shares outstanding - basic and fully diluted		12,278,022			10,533,951

Net loss per share - basic and fully diluted	$	(0.27	)	$	(0.20	)


	For the Year
	Ended December 31,
	2023			2022

Cash flows from operating activities
Net loss	$	(3,311,013	)	$	(2,081,655	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		42,355			48,205
Amortization of debt discount		–			31,890
Amortization of debt issuance costs		–			29,404
Reversal of stock based compensation		(25,400	)		–
Warrant expense		42,082			68,601
Stock based compensation		1,383,493			125,000
Non-cash lease expense		12,280			11,781
Decrease (increase) in operating assets
Accounts receivable		1,500			7,312
Inventory		65,636			(62,445	)
Increase (decrease) in operating liabilities
Accounts payable and accrued expenses		(57,700	)		414,308
Accounts payable, related party		(17,738	)		85,085
Contract liability		18,559			(3,650	)
Operating lease liability		(12,376	)		(11,781	)
Net cash used in operating activities		(1,858,322	)		(1,337,945	)

Cash flows from investing activities
Purchase of investment		(600,000	)		–
Purchase of equipment		–			(848	)
Net cash used in investing activities		(600,000	)		(848	)

Cash flows from financing activities
Proceeds from issuance of unsecured promissory note		–			–
Proceeds from promissory notes, shareholders		25,000			650,000
Proceeds from issuance of convertible promissory notes		2,351,515			380,000
Proceeds from convertible promissory notes, shareholders		–			–
Payments on promissory notes, shareholders		(25,000	)		–
Payments on notes payable		(28,046	)		(33,503	)
Proceeds from exercise of warrants		605,865			25,000
Proceeds from previously issued common stock		–			140,970
Net cash provided by financing activities		2,929,334			1,162,467

Net increase (decrease) in cash		471,012			(176,326	)
Cash - beginning of period		93,748			270,074
Cash - end of period	$	564,760		$	93,748

Supplemental disclosures:
Interest paid	$	8,727		$	8,376

Non-cash investing and financing activities:
Conversion of series B preferred stock to common stock	$	–		$	2,811
Conversion of series A preferred stock to common stock	$	–		$	2,280
Conversion of non-convertible promissory notes, shareholders to convertible promissory notes	$	–		$	675,000
Conversion of accrued interest and note payable into common stock	$	3,410,459		$	–
Issuance of detachable warrants with Debt	$	–		$	31,890
Issuance of warrants to gain access to line of credit	$	–		$	29,404
Exchange of link obligations into common shares	$	–		$	560,000
Conversion of accrued interest into note payable	$	–		$	30,900

Schedule of disaggregation of revenue
	For the Year Ended
	December 31,		December 31,
	2023		2022

Point in Time	$	225,388	$	386,325
Over Time		30,246		27,533
	$	255,634	$	413,858

Schedule of property and equipment
	December 31,			December 31,
	2023			2022
Telecommunication equipment and computers	$	299,943		$	299,943
Vehicle		23,805			23,805
Office furniture and fixtures		9,325			9,325
Less: accumulated depreciation		(306,868	)		(264,513	)

	$	26,205		$	68,560

Schedule of debt
	December 31,		December 31,
	2023		2022
Notes payable to a financial institution, at 8.75% per annum, with the equipment purchased pledged as collateral and varying due dates through November 2024	$	21,609	$	49,655

Unsecured promissory note payable to a director, of the Company, at 7% per annum, due in August 2024		625,000		625,000

Unsecured promissory note payable to the president, at 5% per annum, due in October 2024		10,000		10,000

Secured convertible promissory notes payable to various investors, at 9.5% per annum, due on December 31, 2023, converted to common stock		–		350,000

Secured convertible promissory notes payable to various investors, at 9.5% per annum, due on December 31, 2024		364,515		–

Unsecured promissory note payable to a shareholder, at 9.5% per annum, due on June 30, 2024		50,000		50,000

Unsecured promissory note payable to the president of the Company, at 7% per annum, due on March 30, 2024, repaid		–		25,000

Unsecured promissory note to a director of the Company converted into a convertible promissory note, at 9.5% per annum, due on December 31, 2023, converted to common stock		–		385,658

Convertible promissory note payable to a shareholder and affiliate of a director of the Company, at 9.5% per annum, due on December 31, 2023, converted to common stock		–		320,242

Unsecured convertible promissory note payable to a shareholder, at 9.5% per annum, due on December 31, 2023, converted to common stock		–		30,000

Unsecured promissory note payable to the president of the Company, at 7% per annum, due on March 31, 2024		25,000		–

Unsecured promissory notes payable to a director of the Company, at 7% per annum, due on December 31, 2023, converted to common stock		–		150,000
	$	1,096,124	$	1,995,555

Schedule of long term debt maturities
December 31,
2024	$	1,096,124
Total future payments	$	1,096,124

Schedule of warrant activity
	# of Warrants
Balance, December 31, 2021		2,653,936

Warrants granted		57,500
Warrants exercised		(5,000	)
Warrants expired		(329,503	)

Balance, December 31, 2022		2,376,933

Warrants granted		707,586
Warrants exercised		(158,923	)
Warrants cancelled		–

Balance, December 31, 2023		2,925,596

Exercisable, December 31, 2023		2,925,596

Schedule of deferred income taxes
	December 31,			December 31,
	2023			2022
Deferred tax assets:
Net operating loss carry forwards	$	4,837,614		$	4,542,004
Other		719,907			445,400
Less: Valuation allowance		(5,557,521	)		(4,987,404	)

Net deferred tax assets	$	–		$	–

Schedule of reconciliation of income tax expense
	December 31,			December 31,
	2023			2022
Pre-tax GAAP loss at U.S. Statutory rate	$	(570,117	)	$	(437,024	)
Change in valuation allowance		570,117			437,024

Income tax expense	$	–		$	–

	(1)	We had inadequate segregation of duties over both financial reporting and closing activities.

	(2)	We had inadequate resources in the accounting department.

Name	Age	Position
William H. Gray	73	Chairman of the Board, Chief Executive Officer, and President
Karen Stegall	52	Interim Chief Financial Officer
Erica Perez	44	Secretary and Director
Robert Cook	77	Director
Christopher Stuart	71	Director
Dr. Samuel Khoury	69	Director

	·	had a bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

	·	been convicted in a criminal proceeding or been subject to a pending criminal proceeding, excluding traffic violations and other minor offenses;

	·	been subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;

	·	been found by a court of competent jurisdiction (in a civil action), the SEC, or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated; and

	·	been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

THE FULL BOARD OF DIRECTORS	THE AUDIT COMMITTEE
William H. Gray	Robert Cook, Chairman
Erica Perez	Christopher Stuart
Robert Cook	Dr. Samuel Khoury
Christopher Stuart
Dr. Samuel Khoury

	·	Base salary and benefits are designed to attract and retain employees over time.

	·	Incentive compensation awards are designed to focus employees on the business objectives for a particular year.

	·	Equity incentive awards, such as stock options and non-vested stock, focus executives’ efforts on the behaviors within the recipients’ control that they believe are designed to ensure our long-term success as reflected in increases to our stock prices over a period of several years, growth in our profitability and other elements.

	·	Severance and change in control plans are designed to facilitate a company’s ability to attract and retain executives as it competes for talented employees in a marketplace where such protections are commonly offered. We currently have not given separation benefits to any of our Name Executive Officers.

Name and Principal Position (1)	Year	Salary		Bonus		Stock Awards			Option/ Warrant Awards ($)			Non-Equity Incentive Plan Compensation		Non-Qualified Deferred Compensation Earnings		All Other Compensation		Total
William H, Gray,	2022	$	275,000	$	–	$	–			–		$	–	$	–	$	–	$	275,000
Chief Executive Officer and (4) President (2)	2023	$	275,000	$	1,000	$	910,802	(7)		–		$	–	$	–	$	–	$	1,186,802

Erica Perez,	2022	$	97,000	$	–	$	–			–		$	–	$	–	$	–	$	97,000
Corporate Secretary (5)(6)	2023	$	97,000	$	1,000	$	171,807	(7)		60,196	(7)	$	–	$	–	$	–	$	330,003

Karen Stegall,	2022	$	75,000	$	–	$	–			–		$	–	$	–	$	–	$	75,000
Interim Chief Financial Officer (3)	2023	$	75,000	$	1,000	$	–			–		$	–	$	–	$	–	$	76,000

(1)	All current officers serve at will without employment contracts.
(2)	Mr. Gray stepped down as the interim chief financial officer of Wytec on January 7, 2022.
(3)	Ms. Stegall was appointed as the interim chief financial officer of the Company, effective January 7, 2022.
(4)	Mr. Gray received 178,410 shares of the Company’s common stock for his services as a director of the Company from November 8, 2011 to September 30, 2023 and 1,673 shares of Company’s common stock for his services as a director of the Company from October 1, 2023 to December 31, 2023.
(5)	Ms. Perez received 30,661 shares of the Company’s common stock for her services as a director of the Company from September 15, 2021 to September 30, 2023 and 1,673 shares of Company’s common stock for her services as a director of the Company from October 1, 2023 to December 31, 2023.
(6)	In consideration for her services as the director of operations of the Company, Ms. Perez received 25,000 common stock purchase warrants with an exercise price of $5.00 per share exercisable on a cash or cashless basis until October 11, 2026.
(7)	This represents the fair value of the award as of the grant date in accordance with FASB ASC Topic 718.

Name	Number of Securities Underlying Unexercised Options/Warrants - Number Exercisable		Number of Underlying Unexercised Securities Options/Warrants - Number Unexercisable		Option/Warrant exercise price ($)		Option/Warrant expiration date
William H. Gray, Chief Executive Officer and President		2,000,000 (1)		—		$1.00	December 31, 2025

Erica Perez, Corporate Secretary		25,000 (2)		—		$5.00	October 11, 2026

Karen Stegall, Interim Chief Financial Officer		—		—		—	—

(1)	On September 21, 2028, Mr. Gray received 2,000,000 common stock purchase warrants with an exercise price of $1.00 per share exercisable on a cash or cashless basis until December 31, 2025.
(2)	On October 11, 2023, Ms. Perez received 25,000 common stock purchase warrants with an exercise price of $5.00 per share exercisable on a cash or cashless basis until October 11, 2026.

(1)	This represents the fair value of the award as of the grant date in accordance with FASB ASC Topic 718.
(2)	Mr. Stuart received 26,291 shares of the Company’s common stock for his services as a director of the Company from December 31, 2021 to September 30, 2023 and 1,673 shares of Company’s common stock for his services as a director of the Company from October 1, 2023 to December 31, 2023.
(3)	Dr. Khoury received 26,291 shares of the Company’s common stock for his services as a director of the Company from December 31, 2021 to September 30, 2023 and 1,673 shares of Company’s common stock for his services as a director of the Company from October 1, 2023 to December 31, 2023.
(4)	Mr. Richardson resigned as a director of the Company on November 6, 2023.
(5)	Mr. Stein resigned as a director of the Company on December 20, 2023.

Name of Officer, Director or Shareholder (1)	Number of Common Shares		Percent Beneficially Owned (2)
William Gray, Chairman, Chief Executive Officer, and President (3)		2,190,197		14.08%

Erica Perez, Secretary and Director (4)		61,694		*

Mark J. Richardson, Former Director (5)		0		0

Gary Stein, Former Director (6)		0		0

Robert Cook, Director (7)		0		0

Christopher Stuart, Director (8)		877,187		6.37%

Sam Khoury, Director		27,964		*

Karen Stegall, interim Chief Financial Officer		0		0

All Officers and Directors as a Group (8 persons)		3,157,042		19.98%

(1)	As used in this table, “beneficial ownership” means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security). The address of each person is in the care of the Company.
(2)	Figures are rounded to the nearest hundredth of a percent.
(3)	Includes 2,000,000 common stock purchase warrants owned by Mr. Gray which are exercisable at an exercise price of $1.00 per share until December 31, 2025. Does not include 1,000 shares of our Series C Preferred Stock issued to Mr. Gray on July 20, 2016. The shares were issued as $100 in compensation expense. The Series C Preferred Stock has a par value of $0.001 and the equivalent of 51% of the shareholder votes. The Series C Preferred Stock is not convertible into the Company’s common stock and has no rights to dividends and virtually no rights to liquidation preference. The liquidation preference of each share of the Series C Preferred Stock is its par value.
(4)	Includes 25,000 common stock purchase warrants owned by Ms. Perez which are exercisable at an exercise price of $5.00 per share until October 11, 2026.
(5)	Mr. Richardson resigned as a director of Wytec, effective November 6, 2023.
(6)	Mr. Stein resigned as a director of Wytec, effective December 29, 2023.
(7)	Mr. Cook was appointed as a director of Wytec, effective January 4, 2024.
(8)	Includes 213,748 shares of common stock owned by Eagle Rock Investments, L.L.C., a limited liability company of which Mr. Stuart owns a majority of the outstanding equity (“ERI”). Includes 17,500 common stock purchase warrants owned by Mr. Stuart which are exercisable on a cash or cashless basis at an exercise price of $5.00 per share until December 31, 2024; 85,784 common stock purchase warrants owned by Mr. Stuart which are exercisable at any time until December 31, 2024 at an exercise price per share of $5.00 per share, provided, that ten (10) days after the common stock of the Company commences trading on the NASDAQ Capital Market or equivalent or higher public securities trading market (the “Measurement Date”), the amount per share payable to exercise the Warrants will thereafter be the greater of (i) $5.00 or (ii) 85% of the average closing price that is quoted on said trading market (if more than one, the one with the then highest trading volume), during the ten (10) consecutive trading days immediately prior to the Measurement Date (the “Adjustable Strike Price”); 20,640 common stock purchase warrants owned by Mr. Stuart which are exercisable at any time until December 31, 2024 at an exercise price per share of $5.00 or the Adjustable Strike Price; 71,233 common stock purchase warrants owned by ERI which are exercisable at any time until January 31, 2024 at an exercise price per share of $5.00 per share or the Adjustable Strike Price; and 20,640 common stock purchase warrants owned by ERI which are exercisable at any time until December 31, 2024 at an exercise price per share of $5.00 per share or the Adjustable Strike Price.

	1.	The financial statements listed in the “Index to Financial Statements” at page F-1 are filed as part of this report.
	2.	Financial statement schedules are omitted because they are not applicable or the required information is shown in the financial statements or notes thereto.
	3.	Exhibits included or incorporated herein: See index to Exhibits.

Exhibit	Description

3.1	Articles of Incorporation, dated November 7, 2011 (1)
3.2	Amendment to Articles of Incorporation, dated January 14, 2014 (1)
3.3	Amendment to Articles of Incorporation, dated June 13, 2014 (1)
3.4	Bylaws(1)
4.1	Certificate of Designation for Series A Preferred Stock, dated February 14, 2014 (1)
4.2	Certificate of Designation for Series B Preferred Stock, dated June 13, 2014 (1)
4.3	Amendment to Certificate of Designation for Series B Preferred Stock, dated October 22, 2014 (1)
4.4	Amendment to Certificate of Designation for Series B Preferred Stock, dated March 4, 2015 (1)
4.5	Certificate of Designation for Series C Preferred Stock, dated July 26, 2016 (1)
4.6	Warrant issued by Wytec International, Inc. to William H. Gray (2)
4.7	Amendment to William H. Gray Warrants, dated December 30, 2020. (3)
4.8	Amendment to Certificate of Designation for Series C Preferred Stock, dated December 29, 2023 (4)
4.9	Amendment to William H. Gray Warrants, dated November 22, 2023 (7)
4.10	Amendment to Warrant No. 524, dated January 31, 2024 (9)
4.11	Amendment to Warrant No. 527, dated January 31, 2024 (9)
4.12	Amended and Restated Erica Perez Warrant, dated February 5, 2024 (9)
10.1	Separation and Distribution Agreement by and between Wytec International, Inc. and Competitive Companies, Inc. (1)
10.2	License Agreement by and between Wytec International, Inc. and Competitive Companies, Inc. (1)
10.3	Agreement with the Laredo School District (5)
10.4	Exchange Agreement, dated October 6, 2022, by and between Wytec International, Inc. and William H Gray (6)
10.5	Exchange Agreement, dated October 6, 2022, by and between Wytec International, Inc. and Christopher Stuart (6)
10.6	Exchange Agreement, dated October 6, 2022, by and between Wytec International, Inc. and Eagle Rock Investments L.L.C. (6)
10.7	Amendment to Promissory Note, dated December 5, 2023 (8)
10.8	Amendment to Promissory Note, dated December 5, 2023 (8)
10.9	Amendment to Christopher Stuart Promissory Note, dated February 5, 2024 (9)

14.1	Code of Conduct (1)
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act
101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Schema Document
101.CAL	Inline XBRL Calculation Linkbase Document
101DEF	Inline XBRL Definition Linkbase Document
101.LAB	Inline XBRL Label Linkbase Document
101.PRE	Inline XBRL Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101).

(1)	Incorporated by reference from the original filing of the Registration Statement on January 10, 2017.
(2)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, dated September 21, 2018.
(3)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, dated January 4, 2021.
(4)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, dated January 3, 2024.
(5)	Incorporated by reference to the Form 10-K filed with the Securities and Exchange Commission on June 25, 2021.
(6)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, filed on October 13, 2022.
(7)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, filed on November 28, 2023.
(8)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, filed on December 6, 2023.
(9)	Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission, filed on February 5, 2024.

	WYTEC INTERNATIONAL, INC.


Date: March 29, 2024	By:	/s/ William Gray
		William Gray, Chief Executive Officer

Signature	Title	Date


/s/ William Gray	Chief Executive Officer, President,	March 29, 2024
William Gray	Principal Executive Officer, and Chairman


/s/ Karen Stegall	Interim Chief Financial Officer and Principal	March 29, 2024
Karen Stegall	Accounting Officer

1.	I have reviewed this Annual Report on Form 10-K of Wytec International, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: