Scientific Energy Files 2023 10-K Amendment

TL;DR

SCGY filed a 10-K/A for FY23, check for updates.

AI Summary

Scientific Energy, Inc. filed an amendment (No. 2) to its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing, dated September 30, 2024, provides updated information for the company, which is incorporated in Utah and operates in the patent owners & lessors sector.

Why It Matters

This amendment provides updated financial and operational information for Scientific Energy, Inc., which is crucial for investors and stakeholders to assess the company's current standing.

Risk Assessment

Risk Level: low — This filing is an amendment to a standard annual report and does not appear to contain significant new negative information.

Key Numbers

• 20231231 — Fiscal Year End (The period covered by the annual report.)
• 20240930 — Filing Date (The date this amendment was submitted to the SEC.)

Key Players & Entities

• SCIENTIFIC ENERGY, INC (company) — Registrant
• 000-50559 (company) — SEC File Number
• 20231231 (date) — Fiscal Year End
• 20240930 (date) — Filing Date
• Utah (location) — State of Incorporation

FAQ

Key Financial Figures

• $0.01 — (g) of the Act: Common Stock, Par Value $0.01 Indicate by check mark if the registra

Filing Documents

• scgy-20231231.htm (10-K/A) — 143KB
• se_ex31z1.htm (EX-31.1) — 8KB
• se_ex32z1.htm (EX-32.1) — 4KB
• se10kz_1.jpg (GRAPHIC) — 122KB
• 0001376474-24-000563.txt ( ) — 634KB
• scgy-20231231_def.xml (EX-101.DEF) — 2KB
• scgy-20231231_lab.xml (EX-101.LAB) — 22KB
• scgy-20231231_pre.xml (EX-101.PRE) — 14KB
• scgy-20231231.xsd (EX-101.SCH) — 2KB
• scgy-20231231_htm.xml (XML) — 5KB

Risk Factors

Item 1A. Risk Factors You should carefully consider the risk factors discussed below, as well as all other information, as an investment in the Company involves a high degree of risk. We operate in a changing environment that involves numerous known and unknown risks and uncertainties that could materially and adversely affect our operations. Any of the following risks could materially and adversely affect our business, financial condition, results of operations or prospects. However, the selected risks described below are not the only risks facing us. Additional risks and uncertainties not currently known to us or those we currently view to be immaterial may also materially and adversely affect our business, financial condition, results of operations or prospects. In such a case, the trading price of our securities could decline. Summary of Risk Factors Risks Related to Doing Business in China We operate primarily in Macau, Hong Kong and mainland China and we are subject to significant political and economic uncertainties if the Chinese government significantly alters the laws governing Macau and Hong Kong. The Chinese Government or Macau/Hong Kong Government may restrict our ability to transfer cash held in or from operations in mainland China or Macau or Hong Kong . The PCAOB had historically been unable to inspect our auditor in relation to their audit work performed for our financial statements and the inability of the PCAOB to conduct inspections of our auditor in the past has deprived our investors with the benefits of such inspections. Our common stock may be prohibited from trading in the United States under the HFCAA in the future if the PCAOB is unable to inspect or investigate completely auditors located in China. The delisting of our common stock, or the threat of their being delisted, may materially and adversely affect the value of your investment. Risk of Intervention or Control by the PRC Government The PRC government's significant

View Full Filing

View this 10-K/A filing on SEC EDGAR