CYTTA CORP. Files 10-K for Fiscal Year Ended September 30, 2023

TL;DR

<b>CYTTA CORP. has filed its annual 10-K report detailing its financial performance and business operations for the fiscal year ending September 30, 2023.</b>

AI Summary

CYTTA CORP. (CYCA) filed a Annual Report (10-K) with the SEC on January 12, 2024. CYTTA CORP. filed its 10-K report for the fiscal year ending September 30, 2023. The company's principal business address is 5450 W SAHARA AVE., SUITE 300A, LAS VEGAS, NV 89146. CYTTA CORP. was incorporated in Nevada. The filing covers the period from October 1, 2022, to September 30, 2023. The SIC code for CYTTA CORP. is 7372 (SERVICES-PREPACKAGED SOFTWARE).

Why It Matters

For investors and stakeholders tracking CYTTA CORP., this filing contains several important signals. This 10-K filing provides a comprehensive overview of CYTTA CORP.'s financial health, operational activities, and strategic direction for the past fiscal year, which is crucial for investors to assess the company's performance and future prospects. The detailed information within the 10-K allows stakeholders to understand the company's compliance with regulatory requirements and its position within the software services industry.

Risk Assessment

Risk Level: medium — CYTTA CORP. shows moderate risk based on this filing. The company's business address is listed as a suite in Las Vegas, Nevada, which may indicate a smaller operational footprint or a focus on administrative functions rather than extensive physical operations.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand CYTTA CORP.'s financial position and operational challenges.

Financial Highlights

revenue

13650000

total Assets

500000000

total Debt

379760670

net Income

12000000

cash Position

10000000

Key Numbers

• 2023-09-30 — Fiscal Year End (FILING VALUES)
• 2024-01-12 — Filed As Of Date (FILING VALUES)
• 13650000 — Value 1 (FILING VALUES)
• 12000000 — Value 2 (FILING VALUES)
• 10000000 — Value 3 (FILING VALUES)
• 600000 — Value 4 (FILING VALUES)
• 500000000 — Value 5 (FILING VALUES)
• 379760670 — Value 6 (FILING VALUES)

Key Players & Entities

• CYTTA CORP. (company) — FILER
• 0001477932-24-000156 (company) — ACCESSION NUMBER
• 20230930 (date) — CONFORMED PERIOD OF REPORT
• 20240112 (date) — FILED AS OF DATE
• 0001383088 (company) — CENTRAL INDEX KEY
• 7372 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• NV (company) — STATE OF INCORPORATION
• 5450 W SAHARA AVE. SUITE 300A LAS VEGAS NV 89146 (company) — BUSINESS ADDRESS

Forward-Looking Statements

• CYTTA CORP. may issue additional shares, leading to further dilution. (CYTTA CORP.) — medium confidence, target: 2025-09-30

FAQ

Key Dates

• 2023-09-30: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-01-12: Filing Date — Date the 10-K report was officially filed with the SEC.

Key Financial Figures

• $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value Indicate by check mark if t
• $1,347,894 — y the Company's CEO, in satisfaction of $1,347,894 of capital stock to be issued. As of Se
• $0.05 — 0 shares of Series E Preferred Stock at $0.05 per share and received $682,500. As of
• $682,500 — d Stock at $0.05 per share and received $682,500. As of September 30, 2021, there were 1
• $0.20 — stock closing market price is at least $0.20 for twenty (20) consecutive trading day
• $2,963,750 — 0.05 per share and received proceeds of $2,963,750, and during the year ended September 30
• $32,600,000 — an accumulated deficit of in excess of $32,600,000 as of September 30, 2023. These conditi

Filing Documents

• cyca_10k.htm (10-K) — 1146KB
• cyca_ex311.htm (EX-31.1) — 12KB
• cyca_ex312.htm (EX-31.2) — 12KB
• cyca_ex321.htm (EX-32.1) — 5KB
• 0001477932-24-000156.txt (&nbsp;) — 4785KB
• cyca-20230930.xsd (EX-101.SCH) — 59KB
• cyca-20230930_lab.xml (EX-101.LAB) — 294KB
• cyca-20230930_cal.xml (EX-101.CAL) — 37KB
• cyca-20230930_pre.xml (EX-101.PRE) — 260KB
• cyca-20230930_def.xml (EX-101.DEF) — 183KB
• cyca_10k_htm.xml (XML) — 550KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 8 Item 1B Unresolved Staff Comments 14 Item 2

Properties

Properties 14 Item 3

Legal Proceedings

Legal Proceedings 15 Item 4 Mine Safety Disclosures 15 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6

Selected Financial Data

Selected Financial Data 19 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 24 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 24 Item 9A

Controls and Procedures

Controls and Procedures 24 Item 9B Other Information 25 PART III Item 10 Directors, Executive Officers and Corporate Governance 26 Item 11

Executive Compensation

Executive Compensation 29 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 32 Item 13 Certain Relationships and Related Transactions, and Director Independence 33 Item 14 Principal Accountant Fees and Services 34 PART IV Item 15 Exhibits and Financial Statement Schedules 35

Signatures

Signatures 36 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements. The Securities and Exchange Commission (the "SEC") encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. This report and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management's plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as "project", "believe", "anticipate", "plan", "expect", "estimate", "intend", "should", "would", "could", or "may", or other such words, verbs in the future tense and words and phrases that convey similar meaning and uncertainty of future events or outcomes to identify these forward–looking statements. There are a number of important factors beyond our control that could cause actual results to differ materially from the results anticipated by these forward–looking statements. While we make these forward–looking statements based on various factors and using numerous assumptions, you have no assurance the factors and assumptions will prove to be materially accurate when the events they anticipate actually occur in the future. Factors that could cause our actual results of operations and financial condition to differ materially are discussed in greater detail under Item 1A, "Risk Factors" of this annual report on Form 10-K. The forward–looking statements are based upon our beliefs and assumptions using information available at the time we make these statements. We caution you not to place undue reliance on our forward–looking statements as (i) these statements are neither predictions nor guaranties of future events or circumstances, and (ii) the assumptions, beliefs, expectations, forecasts a

Description of Business

Item 1. Description of Business Organization Cytta Corp. ("Cytta" or the "Company") was incorporated on May 30, 2006, under the laws of the State of Nevada. It is located in Las Vegas, Nevada. Since 2014, Cytta has focused on developing and marketing advanced streaming and integrated communication products, using technology based upon the SUPR (Superior Utilization of Processing Resources) video compression codec/algorithm and our IGAN (Incident Global Area Network) incident command proprietary software solutions. Cytta currently develops, markets, and distributes proprietary video streaming products and services that improve how video is streamed, consumed, transferred, and stored in enterprise environments. The Company's proprietary CyttaCOMMS incident management system offers real-time integration of video and audio streams, enabling improved collaboration and providing ongoing, relevant, actionable intelligence. Their innovative new product, CyttaCARES, is a game-changer in ensuring the safety and well-being of individuals in educational institutions and beyond. Cytta's CyttaCOMP ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) technology delivers real-time compression of video streams with ultra-low latency, even in low bandwidth environments in conjunction with their compression Licensee Reticulate Micro, Inc. We also offer a combination of technical and consulting services, proprietary software products, hardware products utilizing our software and system integration team to meet the needs of customers. Cytta places extreme value on satisfying our customers' needs with innovative well-engineered, high-quality products and service solutions. Cytta's proprietary SUPR Intelligence, Surveillance and Reconnaissance (ISR) technology designated CyttaCOMP, is now licensed to Reticulate Micro, Inc., CyttaCOMP, is at the core of our products and is the most potent software codec commercially available. CyttaCOMP is explicitly designed f

RISK FACTORS

ITEM 1A. RISK FACTORS We are a smaller reporting Company and are not required to include disclosures under this item. However, the following important factors among others, could cause our actual operating results to differ materially from those indicated or suggested by forward-looking statements made in this Annual Report on Form 10-K or presented elsewhere by management from time to time. There are numerous and varied risks, known and unknown, that may prevent us from achieving our goals. If any of these risks actually occur, our business, financial condition or results of operation may be materially adversely affected. In such case, the trading price of our common stock could decline, and investors could lose all or part of their investment. There is substantial doubt about our ability to continue as a going concern. The Company sustained losses during the years ended September 30, 2023, and 2022, and the Company had an accumulated deficit of in excess of $32,600,000 as of September 30, 2023. These conditions factors raise substantial doubt that we will be able to continue operations as a going concern. Our ability to continue as a going concern is dependent upon our generating cash flow sufficient to fund operations and reducing operating expenses. Our business strategy may not be successful in addressing these issues. If we cannot continue as a going concern, our stockholders may lose their entire investment. Our growth plan is based upon Management's projection of what may happen in the future, and such predictions may not occur. Our growth plan is based upon management's projections of estimated available cash flow, expenses, revenue, revenue over profit, earnings before interest, taxes and depreciation, sales cycle time and other measures of projected economic performance. These projections are made in Management's view of what may happen in the future, and are not based upon historical projections. Projections or predictions of future events may

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View this 10-K filing on SEC EDGAR