Cytta Corp. Files 10-Q, Details Q1 2025 Events

TL;DR

CYTTA CORP 10-Q FILED: Q1 2025 RESULTS & IP DEAL DETAILS

AI Summary

Cytta Corp. filed its 10-Q for the period ending December 31, 2024. The company reported significant subsequent events, including an Intellectual Property License Agreement entered into on August 1, 2022, and various other events in January 2025. Financial details such as common stock par value and authorized shares are also presented.

Why It Matters

This filing provides insight into Cytta Corp.'s recent business activities and financial structure, which can influence investor decisions.

Risk Assessment

Risk Level: medium — The filing contains details about subsequent events and intellectual property agreements, which can introduce complexities and potential risks.

Key Numbers

• 0.001 — Par Value per Share (Common stock par value is $0.001.)
• 600000000 — Authorized Shares (The company has 600,000,000 authorized shares of common stock.)
• 469877826 — Issued and Outstanding Shares (As of the reporting period, 469,877,826 shares were issued and outstanding.)

Key Players & Entities

• CYTTA CORP. (company) — Filer
• 20241231 (date) — Period of Report
• 20250214 (date) — Filing Date
• 0.001 (dollar_amount) — Par Value of Common Stock
• 2025-01-02 (date) — Subsequent Event Date
• 2022-08-01 (date) — Intellectual Property License Agreement Date

FAQ

Key Financial Figures

• $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value Indicate by check mark whet

Filing Documents

• cyca_10q.htm (10-Q) — 743KB
• cyca_ex311.htm (EX-31.1) — 10KB
• cyca_ex312.htm (EX-31.2) — 10KB
• cyca_ex321.htm (EX-32.1) — 4KB
• 0001477932-25-001046.txt ( ) — 4535KB
• cyca-20241231.xsd (EX-101.SCH) — 56KB
• cyca-20241231_lab.xml (EX-101.LAB) — 291KB
• cyca-20241231_cal.xml (EX-101.CAL) — 37KB
• cyca-20241231_pre.xml (EX-101.PRE) — 269KB
• cyca-20241231_def.xml (EX-101.DEF) — 191KB
• cyca_10q_htm.xml (XML) — 603KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1

Financial Statements (Unaudited)

Financial Statements (Unaudited) Balance Sheets as of December 31, 2024, and September 30, 2024 (Unaudited) 3 4 5 6 Notes to Interim Unaudited Financial Statements 7 ITEM 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 ITEM 4.

Controls and Procedures

Controls and Procedures 25

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 27 ITEM 1A.

Risk Factors

Risk Factors 27 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 ITEM 3. Defaults Upon Senior Securities 27 ITEM 4. Mine Safety Disclosures 27 ITEM 5. Other Information 27 ITEM 6. Exhibits 28 2 Table of Contents CYTTA CORP BALANCE SHEETS (Unaudited) December 31, September 30, 2024 2024 ASSETS Current Assets Cash $ 1,008,186 $ 1,439,835 Accounts receivable 230,835 - Prepaid expenses – related party 421,334 421,334 Prepaid expenses - other 53,171 122,712 Total Current Assets 1,713,526 1,983,881 Prepaid expenses – related party, non-current 35,109 140,443 Property and equipment, net 40,573 50,867 TOTAL ASSETS $ 1,789,208 $ 2,175,191 LIABILITIES AND STOCKHOLDERS' DEFICIT Liabilities Current Liabilities Accounts payable and accrued expenses $ 655,324 $ 527,678 Related party liabilities 423,997 443,093 Deferred revenue 195,524 2,914 Convertible notes payable 1,438,950 1,438,950 Total Current Liabilities and Total Liabilities 2,713,795 2,412,635 COMMITMENTS AND CONTINGENCIES - - Stockholders' Deficit Preferred stock par value $ 0.001 ; ( 100,000,000 shares authorized) Series C Preferred Stock par value $ 0.001 ; ( 12,000,000 shares authorized and 600,000 shares issued and outstanding) 600 600 Series D Preferred Stock par value $ 0.001 ; ( 10,000,000 shares authorized and 50,000 shares issued and outstanding) 50 50 Series E Preferred Stock par value $ 0.001 ; ( 13,650,000 shares authorized and - 0 - issued and outstanding) - - Series F Preferred Stock par value $ 0.001 ; ( 59,270,000 shares authorized and - 0 - issued and outstanding) - - Common stock par value $ 0.001 ; ( 600,000,000 shares authorized and 469,877,826 shares issued and outstanding) 469,879 469,879 Additional paid in capital 36,159,919 36,159,919 Accumulated deficit ( 37,555,035 ) ( 36,867,892 ) Total Stockholders' Deficit (

Notes to Financial Statements

Notes to Financial Statements December 31, 2024 (Unaudited) NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS 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. Cytta is in the business of imagineering, developing and securing disruptive technologies. 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. 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. 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 sharing of multiple video and audio inputs. The CyttaCOMMS product was introduced into the market in the last quarter of 2024. The CyttaCOMMS online software platform is fully SaaS based with no hardware components. The CyttaCOMMS introduces immediate real-time video and audio situational awareness, which is valuable for police, firefighters, first responders, emergency

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