Cytta Corp. Files 2024 10-K

TL;DR

CYTTA CORP. 2024 10-K FILED. CHECK FINANCIALS.

AI Summary

Cytta Corp. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its operations and financial condition. The company, incorporated in Nevada, is involved in the pre-packaged software industry. Its principal executive offices are located in Las Vegas, Nevada.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Cytta Corp.'s financial performance and business activities for the fiscal year 2024.

Risk Assessment

Risk Level: medium — As a 10-K filing, it inherently contains detailed financial and operational information that requires careful analysis to assess risks.

Key Numbers

• 0930 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
• 20250114 — Filing Date (The date the 10-K was officially submitted to the SEC.)
• 0001383088 — Central Index Key (Unique identifier for the filer.)

Key Players & Entities

• CYTTA CORP. (company) — Filer of the 10-K
• 2024-09-30 (date) — Fiscal year end
• NV (location) — State of incorporation
• LAS VEGAS (location) — City of business and mailing address
• 7372 (industry_code) — Standard Industrial Classification for Services-Prepackaged Software

FAQ

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
• $0.20 — stock closing market price is at least $0.20 for twenty (20) consecutive trading day
• $36,850,000 — had an accumulated deficit in excess of $36,850,000 as of September 30, 2024. These conditi

Filing Documents

• cyca_10k.htm (10-K) — 1253KB
• cyca_ex311.htm (EX-31.1) — 10KB
• cyca_ex321.htm (EX-32.1) — 10KB
• cyca_ex322.htm (EX-32.2) — 4KB
• 0001477932-25-000239.txt ( ) — 5616KB
• cyca-20240930.xsd (EX-101.SCH) — 65KB
• cyca-20240930_lab.xml (EX-101.LAB) — 329KB
• cyca-20240930_cal.xml (EX-101.CAL) — 37KB
• cyca-20240930_pre.xml (EX-101.PRE) — 292KB
• cyca-20240930_def.xml (EX-101.DEF) — 209KB
• cyca_10k_htm.xml (XML) — 725KB

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 17 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 17 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 22 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 22 Item 9A

Controls and Procedures

Controls and Procedures 22 Item 9B Other Information 24 PART III Item 10 Directors, Executive Officers and Corporate Governance 25 Item 11

Executive Compensation

Executive Compensation 27 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 30 Item 13 Certain Relationships and Related Transactions, and Director Independence 32 Item 14 Principal Accountant Fees and Services 33 PART IV Item 15 Exhibits and Financial Statement Schedules 33

Signatures

Signatures 35 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 software system offers real-time integration of video and audio streams, enabling improved collaboration and providing ongoing, relevant, actionable intelligence. Cytta's 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. 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 compression codec commercially available. CyttaCOMP is explicitly designed for realtime streaming of HD, 4K, and higher resolution video while requiring only limited bandwidth and minimal computational resources. Cytta's CyttaCOMMS (formerly IGAN Incident Command System (ICS) system) seamlessly streams and integrates all available video and audio sources during emergencies, enabling shar

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, 2024, and 2023, and the Company had an accumulated deficit in excess of $36,850,000 as of September 30, 2024. 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 not

View Full Filing

View this 10-K filing on SEC EDGAR