false 2024 FY 0001935092

 2024-06-28

 2025-04-14

 CETI:SeriesAConvertiblePreferredStockMember

 CETI:SeriesAConvertiblePreferredStockMember

 CETI:SeriesBConvertiblePreferredStockMember

 CETI:SeriesBConvertiblePreferredStockMember

 CETI:SeriesCNonConvertiblePreferredStockMember

 CETI:SeriesCNonConvertiblePreferredStockMember

 CETI:Special2020SeriesAPreferredStockMember

 CETI:Special2020SeriesAPreferredStockMember

 CETI:GlobalEnvironmentalTechnologiesMember
 CETI:SecuritiesPurchaseAgreementMember

 2020-09-01
 2020-09-03

 us-gaap: FairValueInputsLevel1Member

 us-gaap: FairValueInputsLevel2Member

 us-gaap: FairValueInputsLevel3Member

 us-gaap: FairValueInputsLevel1Member

 us-gaap: FairValueInputsLevel2Member

 us-gaap: FairValueInputsLevel3Member

 us-gaap: WarrantMember

 us-gaap: WarrantMember

 CETI:StockOptionsMember

 CETI:StockOptionsMember

 CETI:ConvertibleNotePayableMember

 CETI:ConvertibleNotePayableMember

 CETI:DannyHydeMember

 2021-12-31

 CETI:DannyHydeMember

 2021-01-01
 2021-12-31

 CETI:TwoDifferentInvestorsMember

 CETI:ConsultingServicesAgreementMember

 2024-12-08
 2024-12-09

 CETI:ConsultingServicesAgreementMember
 us-gaap: SubsequentEventMember

 2025-03-18

 CETI:FinancialConsultingEngagementAgreementMember

 2024-12-20
 2024-12-21

 CETI:FinancialConsultingEngagementAgreementMember
 us-gaap: SubsequentEventMember

 2025-03-28

 2023-05-01
 2023-05-31

 2023-10-31

 2023-10-01
 2023-10-31

 CETI:NotePayableMember

 CETI:NotePayableMember

 CETI:LoanPayableRelatedPartyMember

 CETI:LoanPayableRelatedPartyMember

 CETI:ConvertibleNotesPayableRelatedPartyMember

 CETI:ConvertibleNotesPayableRelatedPartyMember

 2021-02-01
 2021-02-28

 2022-01-01

 CETI:KAMBiotechnologyMember

 2023-05-01
 2023-05-31

 2023-06-30

 2023-09-01
 2023-09-30

 2023-06-01
 2023-06-30

 2023-09-30

 2020-01-01
 2020-12-31

 2023-01-31

 2023-09-30

 2024-03-20

 2024-03-21

 CETI:ConvertibleNotesPayable1Member

 CETI:ConvertibleNotePayableMember

 CETI:IndexedSharesMember

 CETI:FairValuesMember

 CETI:IndexedSharesMember

 CETI:FairValuesMember

 2024-04-26

 2024-06-21

 2024-04-25
 2024-04-26

 2024-06-20
 2024-06-21

 2024-10-10

 2024-11-07

 2024-10-09
 2024-10-10

 2024-11-06
 2024-11-07

 2023-09-29
 2023-09-30

 CETI:SeriesAConvertiblePreferredStockMember

 CETI:SeriesAConvertiblePreferredStockMember

 2023-10-31

 CETI:SeriesBConvertiblePreferredStockMember

 CETI:SeriesCNonConvertiblePreferredStockMember

 CETI:Special2020SeriesAPreferredStockMember

 CETI:ConsultingAgreementMember

 2022-03-06
 2022-03-07

 2022-01-01

 2022-01-01

 2023-03-02

 2023-07-02

 2023-09-15

 2023-09-14
 2023-09-15

 2024-11-01

 2023-06-02
 2023-06-03

 CETI:WarrantsMember

 CETI:WarrantsMember

 CETI:WarrantsMember

 CETI:StockWarrantMember

 CETI:StockWarrantMember

 CETI:StockWarrantMember

 CETI:StockWarrantMember

 CETI:WellDevelopmentCostsMember

 CETI:WellDevelopmentCostsMember

 us-gaap: SubsequentEventMember
 CETI:PreviousLenderMember

 2025-01-31

 2023-10-01

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 Commission file number: 333-267560

 Cyber Enviro-Tech, Inc.

 (Exact name of registrant as specified in its charter)

 Wyoming

 86-3601702

 (State or other jurisdiction of

 incorporation or organization)

 (I.R.S. Employer

 Identification No.)

 6991 E. Camelback Road,

 Suite D-300

 Scottsdale, AZ 85251

 (Address of principal executive offices) (Zip Code)

 Registrant's telephone number, including area
code: ( 307) 200-2803

 Securities registered under Section 12(b) of the Exchange
Act: None

 Securities registered under Section 12(g) of the Exchange
Act: Common Stock, par value $0.001 per share

 Common Stock, par value $0.001 per share

 (Title of Class)

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
 No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
 No

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
 Yes No

by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.

 Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or, an emerging growth company. See
the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company", and
"emerging growth company", in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer (Do not check if smaller reporting company)

 Smaller reporting company

 Emerging growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check
mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal
control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting
firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act,
indicate by check mark whether the consolidated financial statements of the registrant included in the filing reflect the correction of
an error to previously issued consolidated financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes
No

 As
of June 28, 2024 (the last business day of the registrant's most recently second fiscal quarter), the aggregate market value, computed
by reference to the price at which the registrant's common equity was last sold, of the 53,016,165 shares of common stock held by non-affiliates
of the issuer on such date was $ 13,254,041.

 At April 14, 2025 there were 113,461,878
shares of the registrant's Common Stock issued and outstanding.

 Cyber Enviro-Tech, Inc.

 FORM 10-K

 For The Fiscal Year Ended December 31, 2024

 Item 1. Business.

 Item 1A. Risk Factors.

 Item 1B. Unresolved Staff Comments.

 Item 1C. Cybersecurity

 Item 2. Properties.

 Item 3. Legal Proceedings.

 Item 4. Mine Safety Disclosures.

 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

 Item 6. Selected Financial Data.

 Item 7. Management's Discussion And Analysis Of Financial Condition And Results Of Operations

 Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

 Item 8.
 Consolidated Financial Statements and Supplementary Data.

 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure.

 Item 9A. Controls and Procedures.

 Item 9B. Other Information.

 Item 10. Directors, Executive Officers, and Corporate Governance.

 Item 11. Executive Compensation.

 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item 13. Certain Relationships and Related Transactions, and Director Independence.

 Item 14. Principal Accountant Fees and Services.

 Item 15. Exhibits.

 SIGNATURES

 i

 Explanatory Note

 In this Annual Report on Form 10-K, Cyber Enviro-Tech,
Inc. is sometimes referred to as the "Company", "we", "our", "us" or "registrant"
and U.S. Securities and Exchange Commission is sometimes referred to as the "SEC".

 Item 1. Business – OVERVIEW OF OUR COMPANY

 Our Company

 CYBER ENVIRO-TECH, INC. ("the Company",
"CETI") was founded in the State of Wyoming as Electronic Biotek, Inc in April 1986 ("Inception").

 Cyber Enviro-Tech, Inc is a water science
technology company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas
industry. We are an emerging growth company with limited revenues and operating history. Our independent auditor has issued an audit
opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern. Our pilot project
is an oil field in West Texas. We currently own the mineral rights to a 479- acre, 33-well,
located in Callahan County, Texas. This oil field operation known as the Alvey oil field is intended to be spun-off into a new
entity in the near future. This has been shown as discontinued operation in the accompanying consolidated financial statements. In
addition, the Company is continuing the development and testing of its water filtration machine in Texas as well as looking
to place its oil and soil remediation systems in the Middle East and its water remediation systems in the meat packing industry.

 CETI is a 51% owner of CETI Axenic ("Axenic").
Axenic was formed in 2024 and focuses on water remediation in the commercial laundry industry. Its day-to-day operations are run by other
personnel who are not officers of CETI which provides the ability for CETI to expand into another industry while not burdening its current
focus on water remediation for oil and gas, meat packing and municipalities.

 GENERAL OVERVIEW

 Form and year of organization;

 Cyber Enviro-Tech, Inc., also referred to as "CETI"
and the "Company", was founded in the State of Wyoming as Electronic Biotek, Inc in April 1986.

 Bankruptcy, receivership;

 The company has never filed Bankruptcy or been involved in any
receiverships or similar proceedings.

 Material reclassification;

 The Company has been known by a variety of names since its inception
in the State of Wyoming as Electronic Biotek, Inc. In 2020, CETI through its previous name, Globel Technologies, Inc. ("Global")
acquired NexGen Holdings Corp via a reverse merger. Subsequent to the reverse merger, the Company changed its name to Cyber Enviro-Tech,
Inc. Below lists the names that the Company has been known as since inception as well as the dates those names were active:

 Cyber Enviro-Tech, Inc - CURRENT.

 NexGen Holdings Corp - Until April 30, 2021

 WindPower Innovations, Inc. until January 2014

 Educational Services International, Inc. until November 2009

 Bio-Life Systems, Inc. until November 2001

 Biolectronics, Corp. to April 1992

 Electronic Biotek, Inc April 1986

 Business of the Cyber Enviro-Tech, Inc.;

 Cyber Enviro-Tech, Inc is a water science technology
company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We do
this by integrating technologies to include cyber, aerospace, satellite, industrial and AI engineering telemetry. Our water filtration,
waste water and alternative energy systems will have neural sensors, controls and networks - all connected to a cellular device.

 Our pilot project was an oil field in West
Texas. We currently own the mineral rights to a 479- acre, 33-well, property located in Callahan
County, Texas. This oil field operation known as the Alvey oil field is intended to be spun-off into a new entity in the near future
and is shown as discontinued operations in the accompanying consolidated financial statements. In addition, the Company is
continuing the development and testing of its water filtration machine in Texas as well as looking to place its oil and soil
remediation systems in the Middle East and its water remediation systems in the meat packing industry and with municipalities.

 Our focus for the current fiscal year will be on:

 1)

 Expanding our water and oil remediation operations in the Middle East and Texas

 2)

 Developing further tests
 with at least one meat packing client

 3)

 Spin off the Alvey Oil Field and turning management over to
 a third-party owner/operator.

 Sales Strategy – CETI's B2B Sales
Strategy will include partnering with individuals and companies who have many years of experience and developed relationships within their
respective aforementioned targeted verticals. Prior knowledge of those specific industry issues, water filtration needs, history and relationships
developed over many years will enable them to shorten the sales cycle for our water filtration system. As of December 31, 2024 the Company
has independent services contracts with three individuals for its B2B sales strategy – two in oil and gas and one in the meat packing
industry – and another company for its overseas services in the Middle East.

 Market Demand and Size - CETI's water
filtration system can be modified to address many of the water contamination issues that exists anywhere in the world. The markets envisioned
for the CETI water filtration system, when funds permit, would be both domestic (U.S.) and global.

 Government Regulation

 We are subject to government regulations that
regulate businesses generally, such as compliance with regulatory requirements of federal, state, and local agencies and
authorities, including regulations concerning workplace safety and labor relations. In addition, our operations are affected by
federal and state laws relating to marketing practices in the oil industry and/or expansion of operations; a change to or changes
to government regulations; a general economic slowdown; a significant decrease in the price of West Texas Intermediate crude. Any
change in one or more of these factors could reduce our ability to earn and grow revenue in future periods.

 Research and Development

 For the year ending December 31, 2024, we spent
approximately $1.5 million in research and development of our oil/water filtration products and process. In addition, from 2021
through December 31, 2024, approximately $3.4 million was invested in the Alvey Ranch Oil field to prove our new technologies in
opening up the downhole fractures and removing contaminants from the reservoir for increased oil production. The former has been
expensed and the latter capitalized. Currently the Alvey is being spun off into a separate company as the Company intends to focus
its efforts on water and oil/soil remediation.

 Personnel

 As of December 31, 2024, we have no employees but
the Company does have 11 full-time and part-time consultants.

 Item 1A. Risk Factors.

 As a "smaller
reporting company," as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

 Item 1B. Unresolved Staff Comments.

 None.

 Item 1C. Cybersecurity.

 Cybersecurity Policy

 Overview

 Cyber Enviro-Tech, Inc. is committed
to protecting its information systems, customer data, and operational infrastructure through a robust cybersecurity framework.

 Governance & Risk Management

 The Board oversees cybersecurity strategy, with management ensuring
 compliance and enforcement. Key measures include:

 Risk Assessments: Continuous monitoring of threats and vulnerabilities.

 Incident Response: A structured plan for rapid mitigation and resolution.

 Third-Party Security: Due diligence on vendors and partners.

 Regulatory Compliance: Adherence to industry standards and legal
requirements.

 Data Protection & Incident Response

 CETI safeguards sensitive data with:

 Encryption & Access Controls: Secure storage and restricted access.

 Employee Training: Awareness programs on cyber threats.

 Breach Response: Rapid containment, forensic analysis, and regulatory
notifications.

 Cybersecurity Investments

 CETI continuously enhances security through:

 Advanced threat detection systems.

 Regular penetration testing.

 Collaboration with cybersecurity experts.

 Forward-Looking Statements

 While CETI implements strong cybersecurity measures, no system
is completely immune to threats. The Company remains vigilant in strengthening its security post.

 Item 2. Properties.

 Our executive offices are located at 6991 E. Camelback
Road, Suite D-300, Scottsdale, AZ 85251. We rent an executive office at the cost of $125/month and it is rented on a month-to-month basis.
The directors and officers of the company generally work from their home offices.

 On February 10, 2021, CETI entered into an agreement
with Danny Hyde, former operator of the Alvey Ranch oil field, to take over as the operator of record. Danny Hyde died during 2021 and
at the end of 2021, we renegotiated with the Estate of Danny Hyde ("EDH") where CETI is to receive a higher percentage of
the Working Interest (gross revenue less royalty payments to the landowners). Of the 100% working interest under the December 31, 2021
agreement between EDH and CETI, EDH receives 18.75% less its share of all operating costs, taxes, shipping and other expenses associated
with the rework, production and delivery of oil from the existing wells on the Alvey Oil Field. Said 18.75% working interest is to be
paid in perpetuity. The remaining 81.25% working interest is to be paid to CETI less its share of taxes, shipping and other expenses associated
with the rework, production and delivery of oil from the existing wells on the Alvey. For any new wells put into production by CETI, the
working interest to EHD, less all its expenses, is 5%.

 In addition to the working interest payments due to
EDH from well production, EDH will receive $450,000 to be paid in installments. As of December 31, 2024, the remaining amount owed is
$343,500.

 Our focus for the current fiscal year will be on
water/oil remediation as opposed to oil production. We are in the process of spinning off the Alvey Ranch oil field and will focus on
developing and expanding our water and oil/soil remediation technologies both domestic and foreign.

 Item
3. Legal Proceedings.

 We are not a party to legal proceedings. However, CETI owes $343,500 to EDH but the
Company maintains that EDH owes CETI over $400,000 for unreimbursed working interest expenses. No lawsuits have been filed and discussions
are ongoing. In addition, CETI contracted earlier in 2024 to buy a salt water disposal facility in Oklahoma. During the due diligence
period, CETI decided not to move forward. While no lawsuit has been filed, we are working with the seller and his attorney to resolve
damages.

 Item 4. Mine Safety Disclosures

 Not applicable to smaller reporting companies.

 Item 5. Market for Registrant ' s Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities.

 Market Information

 Our common stock was approved for listing on
the OTC Bulletin Board under the symbol CETI on October 6, 2020. As of December 31, 2024, there were 494 active shareholders
and the total shares outstanding of 108,159,556. The transfer agent for our common stock is Pacific Stock Transfer 6725 Via
Austin Parkway Suite 300, Las Vegas, Nevada 98119.

 The following table shows the reported high and low
closing bid quotations per share for our common stock based on information provided by the OTC Bulletin Board for the periods indicated.
Quotations reflect inter-dealer prices, without markup, markdown or commissions and may not represent actual transactions.

 Fiscal Year Ended December 31, 2024

 HIGH

 LOW

 Fourth Quarter

 $
 0.30

 $
 0.17

 Third Quarter

 $
 0.39

 $
 0.16

 Second Quarter

 $
 0.81

 $
 0.38

 First Quarter

 $
 0.37

 $
 0.32

 Fiscal Year Ended December 31, 2023

 HIGH

 LOW

 Fourth Quarter

 $
 0.40

 $
 0.32

 Third Quarter

 $
 0.60

 $
 0.24

 Second Quarter

 $
 0.40

 $
 0.31

 First Quarter

 $
 0.44

 $
 0.30

 Trades in our common stock may be subject to Rule
15g-9 under the Exchange Act, which imposes requirements on broker-dealers who sell securities subject to the rule to persons other than
established customers and accredited investors. For transactions covered by the rule, broker-dealers must make a special suitability
determination for purchasers of the securities and receive the purchaser's written agreement to the transaction before the sale.

 Our shares are subject to rules applicable to "penny
stock" which pertain to any equity security with a market price less than $5.00 per share or an exercise price of less than $5.00
per share. Penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure
document prepared by the SEC, which specifies information about penny stocks and the nature and significance of risks of the penny stock
market. A broker-dealer must also provide the customer with bid and offer quotations for the penny stock, the compensation of the broker-dealer,
and sales person in the transaction, and monthly account statements indicating the market value of each penny stock held in the customer's
account. In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from those rules, the
broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the
purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the trading activity in
our shares.

 Dividend Policy

 We have not paid or declared any cash dividends on
our common stock in the past and do not foresee doing so in the foreseeable future. We intend to retain any future earnings for
the operation and expansion of our business. Any decision as to future payment of dividends will depend on the available earnings,
the capital requirements of our Company, our general financial condition and other factors deemed pertinent by our Board of Directors.

 Sales of Unregistered Securities

 Date of
 Transaction

 Transaction type (e.g. new issuance, cancellation, shares returned to treasury)

 Number of Shares Issued (or cancelled)

 Class of Securities

 Value of shares issued ($/per share) at Issuance

 Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).

 Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided

 Restricted or Unrestricted as of this filing.

 3/24/2023

 New

 300,000

 0.420

 Joe Isaacs, Axiom Group

 4/3/2023

 New

 3,000,000

 0.001

 Joe Isaacs

 Unrestricted

 New

 0.42

 Joe Isaacs

 New

 0.38

 Frank Straw

 New

 0.31

 Markus Miller

 New

 200,000

 0.38

 Bruce Moore

 New

 0.38

 US Affiliated Inc, Karen Fowler

 7/21/2023

 New

 15,000

 0.35

 Benjamin Berry

 Contingent Lability Paid

 New

 600,000

 0.10

 Jaron Mossman & Jode Vallejos JTTEN

 New

 253,180

 0.10

 Mark Mitrev

 New

 101,250

 0.10

 Jaylen Mossman

 New

 252,850

 0.10

 Peter D. Lawrence

 New

 121,370

 0.10

 Justin Mossman

 New

 500,000

 0.31

 Markus Miller

 New

 2,000,000

 0.335

 Serdar Gurel

 New

 252,580

 0.10

 McKellar R Trust, Winston McKellar, trustee

 New

 252,580

 0.10

 Susan E. Crossett

 New

 505,050

 0.10

 Douglas Gore

 New

 360,000

 0.25

 Markham and ML Broughton RT, Markham Broughton

 New

 253,240

 0.10

 Timothy and Kim Dukes

 New

 252,470

 0.10

 Alexander Fil

 New

 252,360

 0.10

 Chris Gressinger

 New

 253,020

 0.10

 Dwayne Hay

 2/2/2024

 New

 1,011,620

 0.10

 DePrima Donnelly Family Trust, Anthony DePrima, trustee

 2/2/2024

 New

 335,850

 0.10

 Carl R. Vertuca

 2/2/2024

 New

 335,780

 0.10

 Bryan Vertuca

 New

 252,030

 0.10

 Jeffrey Kelley

 New

 302,370

 0.10

 Leibowitz Living Trust, Alan Leibowitz, trustee

 New

 336,790

 0.10

 Dominic Mancini

 New

 253,680

 0.10

 David Townley Paton

 New

 253,240

 0.10

 Michael Volpe/ Liliane Stachishin-Moura, JTTN

 New

 505,820

 0.10

 Paul Stander, SEP-IRA

 New

 202,020

 0.10

 Nicole M. Hobbs

 New

 252,140

 0.10

 James S Benedict

 New

 252,090

 0.10

 Cameron Turner

 New

 100,710

 0.10

 Jill B. Mossman

 New

 256,310

 0.10

 Dwayne Hay

 New

 252,310

 0.10

 JJJ Enterprises, Jeff J. Jorgenson

 New

 251,700

 0.10

 Michael B. Schuster

 New

 126,565

 0.20

 Business Marketing Group, Brian Foster

 New

 252,030

 0.10

 McKellar Revocable Trust, December 17 2012, Donald McKellar III, trustee

 New

 756,250

 0.10

 Timothy and Kim Dukes

 New

 500,760

 0.10

 Dwayne Hay

 New

 34,000

 0.35

 DePrima Donnelly Family Trust, Anthony DePrima, trustee

 New

 66,000

 0.35

 Neil Superfon

 New

 201,360

 0.20

 Thomas Randall Powell

 New

 252,910

 0.10

 Markl Family Living Trust, Barry Markl

 New

 200,970

 0.10

 Kaan Brian Gokay

 New

 253,015

 0.20

 William and Jennifer Vincent

 New

 303,555

 0.20

 TWCI Consulting LLC, Christopher Ingram

 New

 25,255

 0.20

 Michael Hay

 New

 50,505

 0.20

 Jaye Gene Todd Collier

 New

 77,285

 0.20

 Paul Leonard

 New

 128,645

 0.20

 David Haley

 New

 128,535

 0.20

 Staunton Family 2007 Trust, Richard Staunton, trustee

 New

 1,285,070

 0.20

 Chris Cappuccilli

 New

 12,835

 0.20

 Dallas Dukes

 New

 12,835

 0.20

 T Jordan Dukes

 New

 513,155

 0.20

 Michael and Judith Mendoza Revocable Living Trust dated 8 March 2004, Michael Mendoza, trustee

 New

 127,580

 0.20

 Jessica Patterson

 New

 127,140

 0.20

 F. Stanton Sipes

 New

 260,305

 0.20

 Peter Mitrev

 New

 184,620

 0.20

 Carlos Eduardo Garcia Enriquez

 New

 25,785

 0.20

 Michele Blackman

 New

 525,320

 0.20

 Neil Superfon

 New

 127,905

 0.20

 Michele Blackman

 New

 127,330

 0.20

 Harborside Group Trust, Jim Mead

 New

 128,730

 0.20

 Chase Donaldson

 New

 12,870

 0.20

 David Paton

 New

 294,200

 0.10

 Lawrence Weiss Living Trust, Katherine Lawrence, trustee

 New

 170,910

 0.15

 Mark Mitrev

 New

 407,980

 0.25

 Neil Superfon

 New

 252,910

 0.10

 Lawrence Weiss Living Trust, Katherine Lawrence, trustee

 New

 388,975

 0.20

 Suncoast Financial Mortgage Profit Sharing Plan, David Malcolm, trustee

 New

 126,700

 0.20

 Staunton Family Investment Partnership, Richard Staunton, trustee

 New

 127,000

 0.20

 Gardner Investment Trust, Roy A Gardner, trustee

 7/15/2024

 New

 0.10

 Timothy and Kim Dukes

 7/15/2024

 New

 0.20

 Business Marketing Group, Brian Foster

 7/15/2024

 New

 0.10

 The McKellar Revocable Trust, December 17 2012, Donald McKellar III, trustee

 7/15/2024

 New

 0.20

 Thomas Randall Powell

 New

 500,000

 0.20

 Michael and Judith Mendoza Revocable Living Trust, dated 8 March 2004, Michael Mendoza, trustee

 Cash

 New

 334,000

 0.15

 Jason Black

 Cash

 New

 281,352

 0.10

 Julie Kutilek

 New

 2,992,822

 0.10

 Joseph Kutilek

 New

 110,669

 0.10

 Tara Rahr

 New

 1,603,902

 0.10

 Charles Merkel

 8/20/2024

 New

 1,655,192

 0.10

 Scott Jasper

 8/20/2024

 New

 1,635,472

 0.10

 Joel Gale

 8/20/2024

 New

 2,192,290

 0.10

 Larry Grillo

 8/20/2024

 New

 26,742

 0.20

 Kelsey Mallory

 10/7/2024

 New

 203,990

 0.20

 JJJ Enterprises, Jeff J Jorgenson

 10/7/2024

 New

 697,064

 0.20

 Chris Cappuccilli

 10/15/2024

 New

 317,950

 0.20

 Alla Abato

 Securities authorized for issuance under
equity compensation plans

 The Company has
not reserved any securities for issuance under equity compensation plans for any officers, directors or any beneficial owners. The individuals
below are consultants and part of their compensation is in stock as follows:

 On April 25, 2023
the company entered into a consulting agreement with Dr. Markus Miller for professional services wherein the Company paid 1,000,000 common
shares.

 On May 17, 2023
the company entered into a consulting agreement with Frank Straw for professional services wherein the Company paid 1,000,000 common shares.

 On June 3, 2023,
the company entered into a consulting agreement with Ken Waters for professional services wherein the Company issued 1,000,000 options
with a strike price of $0.20 a share.

 On September 15,
2023, the company entered into a consulting agreement with Kaybrook Client Consulting LLC, Harry Datys, for professional services wherein
the Company issued 3,750,000 warrants at a par value of $0.001. This agreement was amended on November 1, 2024 and CETI authorized another
800,000 warrants at the same par value as before and extended the consulting agreement for another 8 months.

 On November 6, 2023
the company entered into a distribution and consulting agreement with Delta, Serdar Gurel, for professional services wherein the Company
paid 1,000,000 common shares.

 The Company has had
a working relationship with Bruce Moore for several years. To keep him engaged, the Company gave him 200,000 common shares in 2023 for
professional services.

has had a working relationship with US Affiliated, Inc, owned by Karen Fowler, for the past year. To keep the company engaged in 2023,
CETI gave US Affiliated, Inc 1,000,000 common shares for professional services.

 Purchases of Equity Securities
by the Issuer and Affiliated Purchasers

 None.

 Holders of Record

 As of December 31, 2024, there were 494 record holders
and 440 as of December 31, 2023, of the Company's common stock.

 Item 6. Selected Financial Data.

 As a "smaller reporting company,"
as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

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

 The following discussion and analysis should be
read in conjunction with our consolidated financial statements, including the notes thereto, appearing in this Form 10-K and are
hereby referenced. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our
actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to, those discussed below and elsewhere in this report. You should not
place undue certainty on these forward-looking statements, which apply only as of the date of this report. We believe it is
important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements
whether as a result of new information, future events or otherwise.

 These forward-looking statements are based on our
management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ
materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot
assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking
statement by the use of the forward-terminology, including words such as "may", "will", "believes",
"anticipates", "estimates", "expects", "continues", "should", "seeks",
"intends", "plans", and/or words of similar import, or the negative of these words and phrases or other variations
of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results
of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative
expenses; our ability to maintain and develop relationship with our existing and potential future customers, and, our ability to maintain
a level of investment that is required to remain competitive. Many factors could cause our actual results to differ materially from those
projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks
associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption
of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic
events; general economic conditions, government mandates; and, the continued employment of our key personnel and other risks associated
with competition.

 GENERAL OVERVIEW

 Business Background

 Cyber Enviro-Tech, Inc. is a publicly held Wyoming
water technology Company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas
industry.

 Our principal executive office is located at Cyber
Enviro-Tech, Inc., 6991 E. Camelback Road, Suite D-300, Scottsdale, Arizona 85251. Our telephone number is 866 687-6856. Our Internet
site is located at: www.cyberenviro.tech. We maintain our statutory registered agent's office at Registered Agents Inc. 30
N Gould St Ste R Sheridan, WY 82801 USA Telephone Number. (307) 200-2803

 June 12, 2020, the District Court of Laramie County,
Wyoming appointed Benjamin Berry of Synergy Management Group LLC ("Synergy") as custodian of the Company.

 On September 3, 2020, Synergy and Global Environmental
Technologies, Inc. ("Global"), entered into a Securities Purchase Agreement, whereby Synergy sold its one share of Special
Series A preferred stock and one-half share of Series C preferred stock to Global Environmental Technologies, Inc.

 On September 23, 2020, the Company entered into a
share exchange agreement with Global Environmental Technologies, Inc., ("Global") a Wyoming corporation. Per the terms of
the agreement, NexGen Holdings Corp exchanged thirty-five shares of common stock for one share of Global.

 On October 6, 2020, the Company formally changed its
name with the State of Wyoming from NexGen Holdings Corp to Cyber Enviro-Tech, Inc.

 DESCRIPTION OF BUSINESS

 Cyber Enviro-Tech, Inc is a water science technology
company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We do
this by integrating technologies to include cyber, aerospace, satellite, industrial and AI engineering telemetry. Our water filtration,
waste water and alternative energy systems will have neural sensors, controls and networks - all connected to a cellular device.

 Our pilot project was an oil field in West
Texas. We currently own the mineral rights to a 479- acre, 33-well, located in Callahan County,
Texas. This oil field operation known as the Alvey oil field is intended to be spun-off into a new entity in the near future and is
shown as discontinued operations in the accompanying consolidated financial statements. In addition, the Company is
continuing the development and testing of its water filtration machine in Texas as well as looking to place its oil and soil
remediation systems in the Middle East and its water remediation systems in the meat packing industry and with municipalities.

 GENERAL OVERVIEW

 Form and year of organization;

 Cyber Enviro-Tech, Inc., also referred to as "CETI"
and the "Company", was founded in the State of Wyoming as Electronic Biotek, Inc in April 1986.

 Bankruptcy, receivership;

 The company has never filed Bankruptcy or been involved in any receiverships
or similar proceedings.

 Material reclassification;

 The Company has been known by a variety of names since its inception in
the State of Wyoming as Electronic Biotek, Inc. In 2020, CETI through its previous name, Globel Technologies, Inc ("Global")
acquired NexGen Holdings Corp via a reverse merger. Subsequent to the reverse merger, the Company changed its name to Cyber Enviro-Tech,
Inc. Below lists the names that the Company has been known as since inception as well as the dates those names were active:

 Cyber Enviro-Tech, Inc - CURRENT.

 NexGen Holdings Corp - Until April 30, 2021

 WindPower Innovations, Inc. until January 2014

 Educational Services International, Inc. until November 2009

 Bio-Life Systems, Inc. until November 2001

 Biolectronics, Corp. to April 1992

 Electronic Biotek, Inc. April 1986

 Business of the Cyber Enviro-Tech, Inc.

 Cyber Enviro-Tech, Inc is a water science technology
company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We do
this by integrating technologies to include cyber, aerospace, satellite, industrial and AI engineering telemetry. Our water filtration,
waste water and alternative energy systems will have neural sensors, controls and networks - all connected to a cellular device.

 The Company is also testing its oil water filtration
machine in a few locations in Southwest Texas. Upon successful completion, the Company has preliminary agreements in place to expand to
at least three other locations in Texas.

 Our focus for the current fiscal year will be on:

 The Company is also testing its oil water filtration
machine in a few locations in Southwest Texas. Upon successful completion, the Company has preliminary agreements in place to expand to
at least three other locations in Texas.

 During 2023, the Company purchased the licensing to several patents
from KAM Biotechnology, Ltd. This proprietary technology enhances the Company's ability to treat wastewater in an environmentally
friendly manner. While the Company will still benefit from the technology, KAM became
insolvent in 2024 and therefore, to be conservative, the intangible assets related to this were fully written off in 2024.

 Our focus for the current fiscal year will be on:

 1)

 Expanding our water and oil filtration operations in the Middle East and Texas

 2)

 Performing initial commercial tests with at least one significant meat packing client

 3)

 Spinning off the 479-acre Pilot Oil Field in Callahan County, Texas.

 Sales Strategy – CETI's B2B
Sales Strategy will include partnering with individuals and companies who have many years of experience and developed relationships within
their respective aforementioned targeted verticals. Prior knowledge of those specific industry issues, water filtration needs, history
and relationships developed over many years will enable them to shorten the sales cycle for our water filtration system. As of April 14,
2025, the Company has agreements with several individuals who are pursuing a variety of opportunities but no contracts have been ratified
so far.

 Market Demand and Size - CETI's
water filtration system can be modified to address many of the water contamination issues that exists anywhere in the world. The markets
envisioned for the CETI Water system when funds permit would be both domestic (U.S.) and global.

 Results of Operations for the Years Ending December
31, 2024 and 2023

 2024

 2023

 $

 %

 Operating Expenses:

 Professional Fees

 131,054

 119,146

 11,908

 10.0

 General and administrative

 1,051,798

 517,380

 534,418

 103.3

 Consulting

 1,666,553

 3,265,062

 (1,598,509
)

 -48.9

 Total operating expenses

 2,849,405

 3,901,588

 (1,052,183
)

 -26.9

 Operating loss from continuing operations

 (2,849,405
)

 (3,901,588
)

 (1,052,183
)

 -26.9

 Other Income (Expense):

 Change in fair value of derivative

 161,122

 88,880

 72,242

 81.3

 Loss on issuance of derivative

 (191,162
)

 (130,305
)

 (60,857
)

 46.7

 Loss on impairment of assets

 (957,377
)

 —

 (957.377
)

 100.0

 Gain on extinguishment of debt

 264,539

 49,248

 215,291

 437.2

 Amortization of intangible assets

 (112,850
)

 (58,275
)

 (54,575
)

 93.7

 Change in fair value of contingent liabilities

 (437,500
)

 (437,950
)

 97,322

 Interest income

 10,768

 9,862

 1,088.5

 Interest expense

 (759,013
)

 (331,606
)

 (427,407
)

 128.9

 Total Other Income (Expense)

 (2,021,473
)

 (380,702
)

 (1,640,771
)

 431.0

 Loss from continuing operations

 (4,870,878
)

 (4,282,290
)

 (588,588
)

 13.7

 Discontinued Operations:

 Loss from operations of discontinued operations

 (1,495,106
)

 (60,814
)

 (1,434,292
)

 2,358.5

 Total Discontinued Operations

 (1,495,106
)

 (60,814
)

 (1,434,292
)

 2,358.5

 Net Income (Loss)

 $
 (6,365,984
)

 $
 (4,343,104
)

 (2,022,880
)

 46.6

 General
and Administrative Expenses. General and administrative expenses for the year ended December 31, 2024 were up by 103.3% vs 2023
largely due to
an increase in Supplies and Materials (+$192k), Rent (+$126k), Meat Packing Testing ($143k) and Advertising (+$106k). The Supplies and
Materials and Rent increases were due to our temporary operations on a salt water disposal well that we had under contract but did not
pursue. The Meat Packing Plant testing fees were paid to Texas Tech to provide independent validation of our process and products in the
meat packing industry. The Advertising was from payments to a company to assist in the marketing of CETI stock.

 Professional
fees. These fees are largely made up of audit and audit-related fees $98,395 and $92,552 as
of December 31, 2024 and 2023 respectively.

 Consulting fees. The decrease of 48.9% was largely due to stock compensation payments
made to various consultants in 2023 that largely were not continued in 2024. For the year 2023, around 72% of the total consulting fees
were paid in the form of stock or warrants and the decrease in these equity payments made up over 90% of the total decrease in consulting
fees of ($1,598,509).

 Other Income
(Expense). The line items related to derivative accounting are due to loans from a company that provides the option for
CETI to pay back in either cash or stock. The stock amount is uncertain which accounts for the derivative calculations. For 2024, the
average loan amounts were around 30% higher than in 2023 which accounts for the increases in the derivative related accounts. For amortization
of intangible assets, they were acquired in 2023 so that was only a partial year of amortization vs a full year in 2024. Lastly, interest
expense consists of amortization of debt discount as well as interest payments on loans. The amortization relates to the loans due to
derivative accounting and these loans were higher in 2024 vs 2023. For interest payments, 61% was due to interest on convertible debentures
and, as noted previously, the average balance of debentures was 30% higher in 2024 vs 2023. In addition, loans to individuals other than
convertible debenture holders were over three times higher in 2024 vs 2023 resulting in a corresponding increase in interest expense.

 Two other significant items in this category relate
to the Loss on impairment of assets and the Change in fair value of contingent liabilities. The former is due to a write off of intangible
assets due to insolvency of the company from which CETI purchased licensing rights. While the intellectual property acquired by the Company
still has value to CETI, it was decided to take the conservative approach and write off the rest of the value of $957,377 as of December
31, 2024. For the Change in fair value. This largely relates to stock guarantees to certain investors and represents the additional stock
compensation that would have been due as of December 31, 2024 if the guarantee were valued at that time.

 Discontinued Operations. Beginning in
the fourth quarter 2024, monies paid for the Alvey Oil Field were expensed rather than capitalized since it is in the processing of being
spun off. In addition, the previously capitalized Well Development costs were determined to be over-valued given current market conditions
and were written down by $1,395,460,

 Net Income (Loss). The above changes
resulted in net loss of $6,365,984 in 2024 compared to net loss of $4,343,104 in 2023. This increase in loss is largely due to an increase
in impairment of assets offsetting the drop in Consulting fees.

 Liquidity and Capital Resources

 As of December 31, 2024, the Company had total assets of $3,565,691 including current
assets of $707,149. We also have current liabilities of $2,455,628 which consist of accounts payable of $242,732, accrued interest
of $204,760, short-term loans of $333,773 net of discount, convertible notes payable of $815,863 net of discount, change in contingent
liabilities of $437,500 and liabilities associated with discontinued operations of $399,000. We also have $1,612,322 of long-term liabilities
largely consisting of convertible notes of $1,127,621 net of discount, derivative liability of $387,238 and liabilities of discontinued
operations of $97,463. We believe our ability to achieve commercial success and continued growth will be dependent upon our continued
access to capital either through sale of additional convertible debentures, sale of our equity or cash generated from operations. We will
attempt to obtain additional capital through private investors; however, we have no agreements or understandings with third parties at
this time in regards to investing additional monies.

 ITEM 7A. QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 As
a "smaller reporting company," as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

 ITEM
8. CONSOLIDATED FINANCIAL CONSOLIDATED STATEMENTS AND SUPPLEMENTARY DATA.

 Our consolidated
financial statements for the fiscal years ended December 31, 2024 and 2023 are attached hereto.

 Consolidated
 Financial Statements

 Page
 Number

 Report of Independent Registered Public Accounting Firm (PCAOB ID 6920)

 Consolidated Balance Sheets as of December 31, 2024 and 2023

 Consolidated Statements of Operations for the years ended December 31, 2024 and 2023

 Consolidated Statements of Shareholders' Equity (Deficit) for the years ended December 31, 2024 and 2023

 Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023

 Notes to Consolidated Financial Statements

 F- 1

 REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM

 To the Board of Directors and

Stockholders of Cyber Enviro-Tech, Inc.

 Opinion on the Financial Statements

 We have audited the accompanying consolidated
balance sheets of Cyber Enviro-Tech, Inc. (the Company) as of December 31, 2024 and 2023, and the related consolidated statements of operations,
stockholders' equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2024, and the related
notes and schedules (collectively referred to as the consolidated financial statements). In our opinion, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its
operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles
generally accepted in the United States of America.

 Substantial Doubt about the Company's
Ability to Continue as a Going Concern

 The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3, the Company has not begun to generate
sufficient revenues to fund operations and will need additional financing in order to execute its business plan. These conditions raise
substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

 Basis for Opinion

 These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on the Company's consolidated financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and
the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to
assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide
a reasonable basis for our opinion.

 Astra Audit & Advisory

 We have served as the Company's auditor since 2024.

 Tampa, Florida 33609

 April 14, 2025

 F- 2

 CYBER ENVIRO-TECH,
INC.

 CONSOLIDATED BALANCE
SHEETS

 AS OF DECEMBER 31, 2024 AND 2023

 2024

 2023

 ASSETS

 Current Assets:

 Cash and cash equivalents

 $
 59,411

 $
 239,417

 Notes receivable

 190,000

 100,000

 Prepaid expenses and other current assets

 457,768

 691,536

 Total current assets

 707,179

 1,030,953

 Property and equipment, net

 776,560

 438,558

 Acquired intangible assets, net

 —

 1,070,226

 Assets of discontinued operations, non-current

 2,081,952

 3,330,985

 Total Assets

 $
 3,565,691

 $
 5,870,722

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities:

 Accounts payable

 $
 105,042

 $
 20,144

 Accounts payable – related parties

 137,690

 —

 Accrued interest

 204,760

 96,623

 Notes payable, current maturities

 188,061

 100,000

 Note payable, related party, net of discount of $ 8,277 and $ 23,915 at December 31, 2024 and 2023, respectively

 145,712

 130,074

 Convertible
notes payable, net of discount of $ 24,400
and $ 137,096 at December 31, 2024 and
2023, respectively

 815,863

 32,154

 Convertible notes payable – related parties

 22,000

 22,000

 Contingent liabilities

 437,500

 —

 Liabilities of discontinued operations, current

 369,000

 462,578

 Liabilities of discontinued operations, current – related parties

 30,000

 80,991

 Total current liabilities

 2,455,628

 944,564

 Convertible notes payable, net of discount of $ 318,779
 and $ 0 at December 31, 2024 and 2023, respectively

 1,127,621

 2,641,000

 Derivative liability

 Liabilities of discontinued operations, non-current

 Total Liabilities

 4,067,950

 3,900,204

 Commitments and contingencies (Note 4)

 —

 Stockholders' Equity (Deficit):

 Series A Convertible Preferred Stock, par value $ 0.001,
 200,000 shares authorized; 16,671 shares issued and outstanding

 Series B Convertible Preferred Stock, par value $ 0.001,
 85,000 shares authorized; 1 share issued and outstanding

 —

 —

 Series C Non-convertible, Preferred Stock, par value $ 0.001,
 50,000 shares authorized; 0.5 shares issued and outstanding

 —

 —

 Special 2020 Series A Preferred Stock, par value $ 0.0001, 1
 share authorized; 1
 share issued and 0 outstanding

 —

 —

 Common Stock, par value $ 0.001, 350,000,000 shares
 authorized; 108,159,556 and 77,467,573 shares issued and
 outstanding, respectively

 108,120

 77,468

 Additional paid-in capital

 12,165,669

 7,801,868

 Common stock to be issued

 373,443

 933,489

 Treasury stock, at cost

)

)

 Accumulated deficit

 ( 13,129,093
)

 ( 6,775,924
)

 Controlling interest

 ( 548,244
)

 1,970,518

 Non-controlling interest

 45,985

 —

 Total
 Stockholders' Equity (Deficit)

 ( 502,259
)

 1,970,518

 Total
 Liabilities and Stockholders' Equity (Deficit)

 $
 3,565,691

 $
 5,870,722

 The accompanying
notes are an integral part of these audited consolidated financial statements

 F- 3

 CYBER
ENVIRO-TECH, INC.

 STATEMENTS OF OPERATIONS

 FOR THE YEARS ENDING
DECEMBER 31, 2024 AND 2023

 2024

 2023

 Operating Expenses:

 Professional fees

 $
 131,054

 $
 119,146

 General and administrative

 1,051,798

 517,380

 Consulting

 1,666,553

 3,265,062

 Total operating expenses

 2,849,405

 3,901,588

 Operating loss from continuing operations

 ( 2,849,405
)

 ( 3,901,588
)

 Other Income (Expense):

 Change in fair value of derivatives

 161,122

 88,880

 Loss on issuance of derivatives

 ( 191,162
)

 ( 130,305
)

 Loss on impairment of assets

 ( 957,377
)

 —

 Gain on extinguishment of derivative liability

 264,539

 49,248

 Amortization of intangible assets

 ( 112,850
)

 ( 58,275
)

 Change in fair value of contingent liabilities

 ( 437,500
)

 Interest income

 10,768

 Interest expense

 ( 759,013
)

 ( 331,606
)

 Total other income (expense)

 ( 2,021,473
)

 ( 380,702
)

 Loss from continuing operations

 $
 ( 4,870,878
)

 $
 ( 4,282,290
)

 Discontinued Operations:

 Loss from operations of discontinued operations

)

 ( 60,814
)

 Total Discontinued Operations

)

 ( 60,814
)

 Net Loss

 $
 ( 6,365,984
)

 $
)

 Net loss attributable:

 Non-controlling interest

 $
 ( 12,815
)

 $
 —

 Common stockholders

 ( 6,353,169
)

)

 Net loss

 $
 ( 6,365,984
)

 $
)

 Loss per share, basic

 ( 0.07
)

 ( 0.04
)

 Weighted average shares outstanding, basic and diluted

 $
 92,515,600

 $
 109,190,942

 The accompanying
notes are an integral part of these audited consolidated financial statements

 F- 4

 CYBER
ENVIRO-TECH, INC.

 STATEMENTS OF STOCKHOLDERS'
 EQUITY (DEFICIT)

 FOR THE YEARS ENDING
DECEMBER 31, 2024 AND 2023

 Preferred Stock

 Common Stock

 Treasury

 CS to be Issued

 Accum

 Non-Controlling

 Description

 Amt

 Amt

 APIC

 Stock

 Amt

 Deficit

 Interest

 Total

 Balance, December 31, 2022

 $
 —

 115,914,283

 $
 115,915

 $
 4,368,442

 $
)

 154,400

 $
 52,496

 ( 2,432,820
)

 —

 2,037,633

 Options granted for services

 —

 —

 —

 —

 96,742

 —

 —

 —

 —

 —

 96,742

 Warrants granted in settlement of CS to be issued

 —

 —

 —

 —

 1,050,374

 —

 ( 1,333,333
)

 ( 560,000
)

 —

 —

 490,374

 Warrants granted for services

 —

 —

 —

 —

 111,805

 —

 —

 —

 —

 —

 111,805

 Conversion of contingent liability

 —

 —

 15,000

 5,235

 —

 —

 —

 —

 —

 5,250

 Shares issued for services

 —

 —

 4,185,000

 4,185

 1,418,315

 —

 1,241,262

 530,724

 —

 —

 1,953,224

 Shares issued for interest

 —

 —

 133,290

 13,192

 —

 110,690

 15,269

 —

 —

 28,594

 Shares issued for conversion of notes payable

 —

 —

 500,000

 49,500

 —

 —

 —

 —

 —

 50,000

 Shares issued for conversion of convertible notes payable

 —

 —

 2,720,000

 2,720

 269,280

 —

 8,000,000

 895,000

 —

 —

 1,167,000

 Shares issued for conversion of notes payable - related party

 —

 —

 3,000,000

 3,000

 —

 —

 —

 —

 —

 —

 3,000

 Shares issued for purchase of intangible assets

 —

 —

 1,000

 369,000

 —

 —

 —

 —

 —

 370,000

 Retired common shares

 16,667

 ( 50,000,000
)

 ( 50,000
)

 49,983

 —

 —

 —

 —

 —

 —

 Net loss

 —

 —

 —

 —

 —

 —

 —

 —

)

 —

)

 Balance, December 31, 2023

 16,671

 $

 $
 77,467,573

 $
 77,468

 $
 7,801,868

 $
)

 8,173,019

 $
 933,489

 $
 ( 6,775,924
)

 —

 $
 1,970,518

 Shares issued for cash

 —

 —

 834,000

 149,166

 —

 —

 —

 —

 —

 150,000

 Shares issued for services

 —

 —

 77,250

 —

 990,668

 261,400

 —

 —

 338,900

 Warrants issued for services

 —

 —

 —

 —

 215,962

 —

 —

 —

 —

 —

 215,962

 Warrants issued for convertible notes payable

 —

 —

 —

 —

 33,056

 —

 —

 —

 —

 —

 33,056

 Shares issued for interest

 —

 —

 1,437,918

 1,396

 182,302

 —

 ( 9,730
)

 ( 1,409
)

 —

 —

 182,289

 Shares issued for conversion of convertible notes payable

 —

 —

 28,170,065

 28,172

 3,644,865

 —

 ( 7,199,707
)

 ( 820,037
)

 —

 —

 2,853,000

 Noncontrolling interest contributions

 —

 —

 —

 —

 61,200

 —

 —

 —

 —

 58,800

 Net loss

 —

 —

 —

 —

 —

 —

 —

 —

 ( 6,353,169
)

 ( 12,815
)

 ( 6,365,984
)

 Balance, December 31, 2024

 16,671

 108,159,556

 $
 108,120

 $
 12,165,669

)

 1,954,250

 $
 373,443

 $
 ( 13,129,093
)

 $
 45,985

 $
 ( 502,259
)

 The accompanying
notes are an integral part of these audited consolidated financial statements

 F- 5

 CYBER
ENVIRO-TECH, INC.

 STATEMENTS OF CASH
FLOWS

 FOR THE YEARS ENDED
DECEMBER 31, 2024 AND 2023

 2024

 2023

 Cash flows from operating activities:

 Net Loss

 $
 ( 6,365,984
)

 $
)

 Adjustments to reconcile net income (loss) to net cash from operating activities:

 Change in fair value of derivatives

 ( 161,122
)

 ( 88,880
)

 Loss on issuance of derivatives

 191,162

 130,305

 Loss on impairment of assets

 957,377

 —

 Gain on extinguishment of debt

 ( 264,539
)

 ( 49,248
)

 Change in fair value of contingent liability

 —

 ( 450
)

 Shares issued for services

 267,500

 1,951,346

 Warrants issued for services

 53,991

 301,090

 Options issued for services

 —

 27,962

 Amortization of debt discount

 294,222

 161,932

 Depreciation expense and amortization

 112,850

 67,950

 Changes in operating assets and liabilities:

 Prepaid expenses and other current assets

 395,737

 ( 100,045
)

 Contingent liabilities

 437,500

 —

 Accounts payable

 222,587

 6,942

 Accrued interest

 361,979

 117,727

 Net cash from operating activities

 ( 3,496,740
)

 ( 1,816,473
)

 Cash flows from investing activities:

 Purchase of property and equipment

 ( 338,001
)

 ( 387,682
)

 Issuance of loan receivable

 ( 90,000
)

 ( 100,000
)

 Noncontrolling interest contribution

 —

 Net cash from investing activities

 ( 308,001
)

 ( 487,682
)

 Cash flows from financing activities:

 Repayment of notes payable - related parties

 —

 ( 25,000
)

 Repayment of notes payable

 ( 95,000
)

 ( 908,501
)

 Repayment of convertible notes payable

 ( 277,638
)

 ( 380,250
)

 Proceeds from convertible notes payable

 2,582,650

 3,971,500

 Proceeds from notes payable

 183,061

 340,074

 Proceeds from the sale of common stock

 150,000

 —

 Net cash from financing activities

 2,543,073

 2,997,823

 Net change in cash and cash equivalents from continuing operations

 ( 1,261,668
)

 693,668

 Net change in operating activities from discontinued operations

 1,301,882

 216,993

 Net change in investing activities from discontinued operations

 ( 220,220
)

 ( 968,593
)

 Net change in financing activities from discontinued operations

 —

 —

 Net change in cash and cash equivalents from discontinued operations

 $
 1,081,662

 $
 ( 751,600
)

 Net change in cash and cash equivalents

 ( 180,006
)

 ( 57,932
)

 Cash and cash equivalents at beginning of year

 239,417

 297,349

 Cash and cash equivalents at end of period

 $
 59,411

 $
 239,417

 Cash and cash equivalents paid during the period for:

 Interest

 $
 —

 $
 —

 Income taxes

 $
 —

 $
 —

 Supplemental Disclosure of Non-Cash Investing and Financing Activities

 Shares issued for conversion of convertible notes payable and accrued interest

 $
 1,695,000

 $
 1,167,000

 Shares issued for notes payable

 $
 —

 $
 50,000

 Shares issued for contingent liability

 $
 —

 $
 5,250

 Purchase of intangible assets with debt

 $
 —

 $
 758,501

 Purchase of intangible assets with stock

 $
 —

 $
 370,000

 Conversion of common stock to preferred stock

 $
 —

 $
 50,000

 Debt discount on convertible notes payable

 $
 337,889

 $
 225,000

 Conversion of related party notes payable to common stock

 $
 —

 $
 3,000

 Shares issued for accrued interest

 $
 253,842

 $
 28,593

 The accompanying
notes are an integral part of these audited consolidated financial statements.

 F- 6

 CYBER
ENVIRO-TECH, INC.

 NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS

 FOR THE YEARS ENDED DECEMBER 31, 2024 AND
2023

 NOTE 1
– ORGANIZATION AND DESCRIPTION OF BUSINESS

 Cyber Enviro-Tech,
Inc. (the "Company") is a publicly held water science technology company that
designs water purification solutions for commercial applications and industries. Its pilot project was on a 479-acre oil field in West
Texas called the Alvey Oil Field. The c orporate headquarters are located in Scottsdale, Arizona.

 On September
3, 2020, Synergy Management Group, LLC ("Synergy") and Global Environmental Technologies,
Inc ("Global"), which was formed on April 20, 2020, entered into a securities purchase agreement, whereby Synergy
sold its share of Special 2020 Series A preferred stock and its one-half share of Series C preferred stock to Global for $ 66,400 ($40,000
in cash and 15,000 shares of stock, post reverse split of one share for every 20 shares on April 30, 2021). The shares of stock were
to be awarded contingent upon the effectiveness of a S-1 Registration which occurred in January 2023. These shares are recorded as a
contingent liability on the Balance Sheet in the amount to $ 5,700 at December 31, 2022. These shares were issued in 2023 so there is
 no contingent liability at December 31, 2023 as well as for December 31, 2024.

 NOTE 2
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis
of presentation

 The Company's
consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States
of America ("U.S. GAAP").

 Principles of Consolidation

 The consolidated financial statements include
the accounts of CETI and CETI Axenic, Inc ("Axenic"). Axenic is a majority owned subsidiary of CETI. All significant intercompany
balances and transactions have been eliminated.

 Use
of estimates

 The preparation of consolidated financial
statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported
amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 Reclassification of Presentation

 Certain prior year amounts have been reclassified
to conform with current year presentation. These reclassifications related to reclassifications from unearned compensation in the statement
of stockholders' deficit section to prepaid expense in the current asset section of the balance sheet.

 Revenue
recognition

recognizes revenue in accordance with Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with
Customers," ("Topic 606"). Revenue is recognized when a customer obtains control of promised goods or services.
In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts
with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for
those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised
goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct
in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv)
allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies
each performance obligation.

only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in
exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of Topic 606 at
contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of
these performance obligations are distinct. The Company expects to recognize revenues as the amount of the transaction price that is
allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied.

recognizes sales when oil is picked up by the delivery company and control passes to the customer.

 Cash
equivalents

considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no
cash equivalents at December 31, 2024 and 2023.

 F- 7

 Property
and Equipment

 Property and
equipment is recorded at cost. Cost of improvements that substantially extend the useful lives of the assets are capitalized. Maintenance
and repair costs are expensed when incurred. When other property and equipment is sold or retired, the capitalized costs and related
accumulated depreciation are removed from their respective accounts.

 Discontinued
Operations

 A component of an entity
that is disposed of by sale or abandonment is reported as discontinued operations if the transaction represents a strategic shift that
will have a major effect on an entity's operations and financial results. The results of discontinued operations are aggregated and presented
separately in the Statement of Operations. Assets and liabilities of the discontinued operations are aggregated and reported separately
as assets and liabilities of discontinued operations in the Balance Sheet, including the comparative prior year period. The Company is
in the process of spinning off its oil field operations known as the Alvey oil field (Alvey). Alvey's cash flows are reflected
as cash flows from discontinued operations within the Company's Statements of Cash Flows for each period presented.

 Amounts presented
in discontinued operations have been derived from our consolidated financial statements and accounting records using the historical
basis of assets, liabilities, and historical results of Alvey. The discontinued operations exclude general corporate
allocations.

 Note
receivable

 CETI
provided two Short-Term Capital Bridge Loan totaling $ 190,000
to Sedar Gurel, Founder and CEO of DELTA Cervresel Solusyonlari ve Makinalar A.S. a Turkish Corporation ("DELTA"). The notes
are currently due and had been accruing simple interest at 6 %
per annum. DETLA is a significant partner in CETI's overseas operations and the Company does not have any concern about
the collectability of this note.

 Impairment
of Long-Lived Assets

 In accordance
with authoritative guidance on accounting for the impairment or disposal of long-lived assets, as set forth in Topic 360 of the ASC,
the Company assesses the recoverability of the carrying value of its non-oil and gas long-lived assets when events occur that indicate
an impairment in value may exist. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows is less
than the carrying amount of the assets. If this occurs, an impairment loss is recognized for the amount by which the carrying amount
of the assets exceeds the estimated fair value of the assets.

 Intangible Assets

 The Company recognizes
intangible assets in accordance with ASC 350. Intangible assets are defined as identifiable non-monetary assets without physical substance,
acquired through purchase, internally generated, or acquired as part of a business combination, which provide future economic benefits
and are under the control of the Company.

 Intangible assets with
finite useful lives are amortized over their estimated useful lives on a straight-line basis, unless another systematic and rational
method better represents the consumption of the economic benefits. Intangible assets with indefinite useful lives are not amortized but
are tested for impairment annually or more frequently if there are indications of impairment.

 The Company reviews
intangible assets for indicators of impairment whenever events or circumstances indicate that the carrying amount of an asset may
not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its recoverable amount. The recoverable
amount is the higher of an asset's fair value less costs to sell and its value in use. Any impairment loss is recognized in the income
statement. Upon impairment, the carrying amount of the intangible asset is reduced to its recoverable amount.

 Accounting
for Majority-Owned Subsidiary

 The
Company consolidates the consolidated financial statements of majority-owned subsidiaries in accordance with U.S. GAAP. A subsidiary is classified as majority-owned when the
Company owns more than 50% of its voting shares, giving it control over the subsidiary's operations and financial policies.

 In the
consolidated financial statements, all intercompany transactions, balances, and unrealized gains and losses on transactions between
the Company and its subsidiaries have been eliminated. The financial position, results of operations, and cash flows of each
majority-owned subsidiary are fully consolidated with the portion attributable to non-controlling interests presented as a separate
line item in the equity section of the consolidated balance sheets and as a separate component of net income in the consolidated
statements of income. However, for the year ended December 31, 2024, due to the immaterial amount, no non-controlling interest are
presented in the consolidated financial statements but are noted in the footnotes to the consolidated financial
statements.

 Non-controlling interests
represent the portion of equity in subsidiaries that is not attributable, directly or indirectly, to the Company.

 F- 8

 Stock-based Compensation

 The Company applies the fair
value method of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 718,
"Share Based Payment", in accounting for its stock-based compensation. This standard states that compensation cost is measured
at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period.
The Company values stock-based compensation at the market price for the Company's common stock and other pertinent factors at the
grant date. During the years ended December 31, 2024 and 2023, the Company recorded $ 694,328 and $ 2,280,398 in stock-based compensation
expense, respectively.

 Fair Value of Financial Instruments

 The
Company adopted ASC 820, " Fair Value Measurements." ASC 820 clarifies the definition of fair value, prescribes methods
for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 Level 1:

 Quoted market
 prices available in active markets for identical assets or liabilities as of the reporting date.

 Level 2:

 Pricing inputs other than
 quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

 Level 3:

 Pricing inputs that are
 generally unobservable inputs and not corroborated by market data.

 The
carrying amount of the Company's financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate
their fair value because of the short maturity of those instruments. The Company's notes payable approximates the fair value
of such instruments as the notes bear interest rates that are consistent with current market rates.

 The
Company evaluates convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components
of those contracts qualify as derivatives to be separately accounted for under ASC 815, "Derivatives and Hedging".
The result of this accounting treatment is that the fair value of the derivative is marked to market each balance sheet date and recorded
as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of
operations as other income (expense). Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value
at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity
that become subject to reclassification under ASC 815 are reclassified to liabilities at the fair value of the instrument on the reclassification
date.

classifies the Company's liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31,
2024:

 Schedule of derivative liability

 Description

 Level

 Level

 Level

 Total

 Derivative

 $
 —

 $
 —

 $

 $

 Total

 $
 —

 $
 —

 $

 $

classifies the Company's liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31,
2023:

 Description

 Level 1

 Level 2

 Level 3

 Total

 Derivative

 $
 —

 $
 —

 $

 $

 Total

 $
 —

 $
 —

 $

 $

 Income
taxes

 Income states
are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective
tax bases and operating loss, capital loss and tax credit carryforwards. Deferred tax assets and liabilities are measures using enacted
tax rates expected to apply to the taxable income in the years in which those temporary differences are expect to be recovered or settled.
The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment
date.

 F- 9

recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income
tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement
are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized
tax benefits as a component of general and administrative expenses. The Company's federal tax return and any state tax returns
are not currently under examination.

 The Company has adopted ASC 740, " Accounting
for Income Taxes," which requires an asset and lability approach to financial accounting and reporting for income taxes. Deferred
income tax assets and liabilities are computed annually from differences between the financial statement and tax basis of assets and liabilities
that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which
the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets
to the amount expected to be realized.

 Net income (loss) per common share

 Under the provisions of ASC 260, " Earnings
per Share ", basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average
number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that
could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance
of common stock that would then share in the income of the Company, subject to anti-dilution limitations. The following potential common
shares were excluded from the calculation of diluted net income (loss) per share available to common stockholders because their effect
would have been antidilutive:

 Schedule of diluted net income (loss) per share available to common stockholders

 Year ended
 December 31,

 2024

 2023

 Warrants

 4,950,000

 3,750,000

 Stock options

 Convertible notes payable

 12,842,243

 19,687,988

 Common stock to be issued

 2,973,132

 8,173,019

 Preferred stock

 50,012,000

 Total

 71,777,375

 32,611,010

 Concentration of credit risks

 The Company maintains accounts
with financial institutions. All cash in checking accounts is non-interest bearing and is fully secured by the Federal Deposit Insurance
Corporation (FDIC). At times, cash balances may exceed the maximum coverage provided by the FDIC on insured depositor accounts. The Company
believes it mitigates its risk by depositing its cash and cash equivalents with major financial institutions.

 Segment Reporting

 The Company has determined that
it has one reportable segment, which includes industrial water remediation. The single segment was identified based
on how the Chief Operating Decision Maker, who was determined to be the Chief Executive Officer, manages and evaluates performance and
allocates resources.

 Recently
issued accounting pronouncements

 The
Company has implemented all new accounting pronouncements that are in effect. These
pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does
not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial
position or results of operations.

 In November 2023, the FASB issued ASU 2023-07, "Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures", enhancing segment expense transparency. The update requires
public entities to disclose significant segment expenses regularly provided to the chief operating decision maker and extends certain
annual segment disclosures to interim periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, with interim
period application required starting after December 15, 2024, and early adoption permitted.

 NOTE 3 – GOING
CONCERN

 The
Company's consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will
be able to realize its assets and discharge its liabilities and commitments in the normal course of business for the foreseeable
future. The Company does not yet have sufficient revenue to cover its operating expenses. These factors raise substantial doubt
about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon
generating profitable operations in the future and/or to obtain the necessary financing to meet the Company's obligations and
repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over
the next twelve months with increased revenue and private placement loans or institutional investors. While the Company believes
that it will be successful in obtaining the necessary financing and generating revenue to fund the Company's operations, meet
regulatory requirements and achieve commercial goals, there are no assurances that such additional funding will be achieved and that
the Company will succeed in its future operations.

 The
consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these
uncertainties.

 F- 10

 NOTE 4
– COMMITMENTS AND CONTINGENCIES

 During
the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it
evaluates the merits of the case in accordance with ASC 450, Contingencies. The Company evaluates its exposure to the matter,
possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable
outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of December 31, 2024 and December 31,
2023, the Company is not aware of any contingent liabilities related to potential litigation that should be reflected in the
consolidated financial statements.

 In December
2021, the Company entered into an agreement to operate the wells on the Alvey Oil Field. Under this agreement, the Company owes a contingent
amount based upon a 18.75 % of the Working Interest less any rework and production costs to the Estate of Danny Hyde ("EDH) the
former owner of the operator of record for the Alvey Oil Field. The rework costs incurred by the Company to date have been over $1 million
so it is not anticipated any contingent payments will be made to EDH in 2025. In addition, the Company owes 20% of gross sales less severance
tax to the landowners. At the same time of this agreement, the Company purchased $ 450,000 of equipment from the entity formerly owned
by Danny Hyde. The Company is still evaluating the allocation of that purchase price to various assets acquired and potential liabilities
assumed. The final allocation may be different than the current presentation.

 In February 2022 and February 2023, CETI into
agreements with two different investors offering them a stock guarantee on share price within three-year period of time. The first investor's
shares in February 2022, came due in February 2025 and CETI entered into agreement to pay cash and shares to satisfy that guarantee.
For the second investor, the Company accrued a liability as of December 31, 2024 for the difference between share price on that date
and the guaranteed share price. The two guarantees show up in Contingent liabilities of $ 437,500 at December 31, 2024. No provision was
made in prior years.

 On December
9, 2024, CETI entered into an agreement with a company to provide consulting services to obtain funding of at least $ 25 million or more
to fund CETI's projects in the Middle East. The compensation under this agreement was $65,000 plus 0.5% of any monies raised. As
of March 18, 2025, no money has been raised but it is anticipated these monies will be raised during the first Quarter of 2025.

 On December 21, 2024, CETI entered into a Financial
Consulting Engagement Agreement (FCEA) to provide consulting services and identify potential sources of private and/or public financing
of up to 50 million in British pound sterling The retainer fee was $35,000 and the success fee is 5% of the total money raised payable
at 1% a year for five years. As of March 28, 2025, no money has been raised but it is anticipated these monies will be raised during the
second Quarter of 2025.

 NOTE 5
– PROPERTY AND EQUIPMENT

 As of December
31, 2024 and December 31, 2023, property and equipment consisted of the following:

 Schedule of property and equipment

 Useful Lives

 Equipment

 $
 770,560

 $
 432,558

 5 to 20 years

 Vehicles

 6,000

 6,000

 5 to 15 years

 Property and equipment, net

 $
 776,560

 $
 438,558

 No assets were
placed in service for continuing operations under either period so there is no depreciation expense.

 NOTE 6 – INTANGIBLE ASSETS

 The intangible assets consist of exclusive licenses
for United States distribution obtained by the Company from KAM Biotechnology Ltd ("KAM") in May 2023 and the agreement has
a term of ten years. The asset is stated at the fair value of $ 758,501, less amortization from May to December of $ 50,567, for a net of
$ 707,934. In October 2023, CETI signed an additional agreement with KAM for secured worldwide rights to most the licenses over a ten-year
period of time and outright purchase of one license. CETI gave KAM 1,000,000 share of common stock which were valued at $ 0.37 /share at
the date of the transaction for a total of $ 370,000, less amortization from October to December of $ 7,708, for a net of $ 362,292. This,
combined with the initial license acquisition, resulted in a total Intangible assets net balance of $ 1,070,226 as of December 31, 2023.
For the year ending December 31, 2024, there was a total amortization of intangible assets of $ 112,850 resulting in net tangible asset
balance of $ 957,377 at December 31, 2024. However, during 2024, KAM was declared insolvent. While intellectual property acquired
by the Company still has value to CETI, it was decided to take the conservative approach and write off the rest of the value of $ 957,377
as of December 31, 2024.

 F- 11

 NOTE 7
– DEBT

 Schedule of debt

 Note payable

 $
 188,061

 $
 100,000

 Note payable – related party

 153,989

 153,989

 Convertible notes payable

 2,262,263

 2,810,250

 Convertible notes payable – related party

 22,000

 22,000

 2,626,313

 3,086,239

 Debt discount

 ( 327,056
)

 ( 161,011
)

 2,299,257

 2,925,228

 Less current portion

 1,171,636

 154,154

 Long term portion

 $
 1,127,621

 $
 2,771,074

 The following
is a schedule of long-term debt and the years in which it is scheduled to mature:

 Schedule of debt maturity

 Year

 Amount

 2025

 $
 1,204,313

 2026

 1,422,000

 $
 2,626,313

 F- 12

 Notes
payable

 In February
2021, the Company purchased certain oil and gas production equipment in the Alvey Oil Field. The total purchase price was $ 450,000 ($ 389,046
after discount). As of December 31, 2024 and 2023, the Company had repaid $ 106,500 leaving a balance of $ 343,500. The remaining amount
due was to be paid in installments. However, no further payments have been made as the parties are discussing the amount due the Company
for operational expenses which exceed the amount the Company owes to the Estate of Danny Hyde, the creditor. No resolution has been determined
as of the end of 2024.

 At December
31, 2022, the Company had a note payable to a shareholder for $ 100,000 along with interest of $ 10,000. Repayment was due in January 2023.
The shareholder decided to take $ 50,000 in cash and converted the remaining $ 60,000 to common stock.

 At December
31, 2022, the Company had a note payable to a related party for $ 15,000 with an interest rate of 7 %. This loan was paid off in January
2023.

 In May 2023, the Company
acquired certain intellectual property rights from KAM Biotechnology. The total acquisition price was $ 800,000 ($ 758,501 after discount).
As of December 31, 2023, the Company has repaid the full balance.

 In June 2023, the Company
had a loan payable to an individual for $ 100,000 which was repaid in full with interest of $ 22,718 in September 2023. In December 2023,
the Company borrowed $ 100,000 from the same individual and it was outstanding as of December 31, 2024. This loan does not have an expiration
date and accrues interest at $ 250 day, of which $ 50 will be paid in cash and $ 200 in stock at $ 0.20 a share, when paid plus an additional
$ 7,500 in cash.

 In September 2023,
a related party issued a loan to the Company for a total amount of $ 153,989.
The net after discount was $ 145,712 and $ 130,074
for December 31, 2024 and 2023 respectively with a discount of $ 8,277 and $ 23,915 at December 31, 2024 and 2023 respectively. The loan is at 12.5 %
and is due in September of 2025.

 In March 2024, the
Company had two loans payable to an individual. One loan was paid off in December and the other of $ 40,000 is still due at December 31,
2024. Each loan accrued interest at $ 125 a day and $ 6,500 of interest was paid in 2024.

 At December 31, 2024, the Company had drawn down $ 48,061 against
a line of credit. The Company did no t have a line of credit in 2023.

 Convertible notes
payable

 In 2020, the Company
executed a convertible note payable with a related party for $ 25,000 that is unsecured, non-interest bearing and convertible into shares
of common stock at $ 0.001. In 2023, $ 3,000 of this note was converted into 3,000,000 shares of common stock. The note
matured on September 23, 2020 and is in default.

 During the
year ended December 31, 2022, the Company received $ 1,461,000 from the issuance of thirty-two separate convertible notes payable. $ 1,075,000 worth of notes payable were converted into common stock in 2023. The remaining $ 386,000 worth of notes payable bear interest at 8 %
and are convertible into common stock at a range of $ 0.10 to $ 0.25 a share. These notes had a two-year maturity date when issued. As of December 31, 2023, the balance
remaining on these notes issued in December 2022 was $ 75,000.
As of December 31, 2024, they were converted into shares of common stock.

 During the year ended
December 31, 2023, the Company raised a net of $ 3,971,500 in convertible notes payable. The terms were the same as the convertible notes
payable issued in December 2022, with the exception of three notes, one for $ 69,250 incurred in January 2023 and paid off in July 2023,
the second for $ 90,000 incurred in September 2023 and the third for $ 79,250 incurred in December 2023. Each of these three notes bears
interest at 8 % and the second and third note were payable at maturity of September 25, 2024 and December 29, 2024, respectively. The
second note was convertible into common stock at issuer's option beginning March 20, 2024 at a 35 % discount off of the lowest price
for the ten preceding trading days. On March 21, 2024, CETI paid $ 60,000 towards this loan and the remainder in April 2024. The third
note had the same terms with the issuer's option starting June 25, 2024 and was paid off in June 2024.

 F- 13

 During the
year ended December 31, 2023, the Company converted $ 1,178,787 of convertible notes payable, plus accrued interest, into 10,830,890
shares of common stock. As of December 31, 2023, 8,110,690 common shares remain unissued. Also, as of December 31, 2023, $ 2,810,250 worth
of convertible notes payable remain outstanding.

 During 2024, the Company raised a net of $ 2,582,650
in convertible notes payable. The terms were the same as the convertible notes payable issued in during 2023 with the exception of
eight notes – six for a total of $ 750,000
and two for a total of $ 173,650.
For the notes totaling $ 750,000,
$ 150,000 of these notes bear interest at 10 %
and were payable at maturity of September 2024. The notes are convertible into common stock at issuer's option beginning
thirty days after issuance at $ 0.35
share. In addition, a total of 150,000
common shares were issued in April 2024 as additional loan incentive. For $ 300,000 of these notes, the interest rate was 9 % with
varying maturities in 2026 plus a total of 300,000 warrants priced at $ 0.80 /share. The remaining $ 300,000 of these notes were at 10 %
interest with varying maturities in 2025 and 2026. For the notes totaling $ 173,650,
these notes bear interest at 8 %
and are paid back in installments which began on October 30, 2024 and December 30, 2024, respectively. Both notes have an option
beginning six months after issuance to be converted into common stock at a 35 %
discount off of the lowest price for the ten preceding trading days.

 During 2024, the Company converted
$ 3,673,037 of convertible notes
payable, and accrued interest, into 28,170,065
shares of common stock. As of December 31, 2024, 1,954,250
common shares remain unissued. Also, as of December 31, 2024, $ 2,262,263
worth of convertible notes payable remain outstanding consisting of short-term convertible notes payable of $ 815,863 (net of discount of $ 24,400) and long-term
convertible notes payable of $ 1,127,621 (net of discount of $ 318,779).

 NOTE 8 – DERIVATIVE
FINANCIAL INSTRUMENTS

 The Company's
convertible promissory notes gave rise to derivative financial instruments. The notes embodied certain terms and conditions that were
not clearly and closely related to the host debt agreement in terms of economic risks and characteristics. These terms and features consist
of the embedded conversion option.

 The following tables
summarize the components of the Company's derivative liabilities and linked common shares as of December 31, 2024 and 2023 and
the amounts that were reflected in income related to derivatives for the year ended:

 Schedule of derivative liabilities

 The financings giving rise to derivative financial instruments

 Indexed

 Fair
 Values

 2,791,924

 $

 Total

 2,791,924

 $

 The financings giving rise to derivative financial instruments

 Indexed

 Fair
 Values

 878,836

 $

 Total

 878,836

 $

summarizes the effects on the Company's gain (loss) associated with changes in the fair values of the derivative financial instruments
by type of financing for the years ended December 31, 2024 and 2023:

 Schedule of changes in gain loss fair values of the derivative financial instruments

 For the Years Ended

 $
 161,122

 $
 88,880

 Loss on issuance of derivative

 ( 191,162
)

 ( 130,305
)

 Total gain (loss)

 $
 ( 30,040
)

 $
 ( 41,425
)

 F- 14

 Current accounting
principles that are provided in ASC 815 - Derivatives and Hedging require derivative financial instruments to be
classified in liabilities and carried at fair value with changes recorded in income. The Company has selected the Monte Carlo
Simulation Model, valuation technique to fair value the embedded derivative because it believes that this technique is reflective of
all significant assumption types, and ranges of assumption inputs, that market participants would likely consider in transactions
involving embedded derivatives. Such assumptions include, among other inputs, interest risk assumptions, credit risk assumptions and
redemption behaviors in addition to traditional inputs for option models such as market trading volatility and risk-free rates. The
Monte Carlo Simulation Model technique is a level three valuation technique because it requires the
development of significant internal assumptions in addition to observable market indicators. For instruments in which the time to
expiration has expired, the Company has utilized the intrinsic value as the fair value. The intrinsic value is the difference
between the quoted market price on the valuation date and the applicable conversion price.

 Significant inputs
and results arising from the Monte Carlo Simulation process are as follows for the embedded derivatives that have been bifurcated from
the convertible notes and classified in liabilities:

 Schedule of embedded derivatives

April 26, 2024 Note

June 21, 2024 Note

 Quoted market price on valuation date

 $
 0.193

 $
 0.30

 Effective contractual conversion rates

 $
 0.104

 $
 0.176

 Contractual term to maturity

 1 year

 1 year

 Market volatility:

 Volatility

 213.68 %- 298.84
 %

 239.77 %- 465.49
 %

 Risk-adjusted interest rate

 5.31
 %

 5.20
 %

 October 10, 2024 Note

 November 7, 2024 Note

 December 31, 2024 Note

 Quoted market price on valuation date

 $
 0.231

 $
 0.253

 $
 0.23

 Effective contractual conversion rates

 $
 0.200

 $
 0.200

 $
 0.1495 - 0.20

 Contractual term to maturity

 2 years

 3 years

 0.16 - 2.85 years

 Market volatility:

 Volatility

 177.44 %- 452.93
 %

 179.09 %- 453.59
 %

 117.27 %- 433.33
 %

 Risk-adjusted interest rate

 %

 %

 9 - 12
 %

reflects the issuances of embedded derivatives and changes in fair value inputs and assumptions related to the embedded derivatives as
of December 31, 2024 and 2023.

 Schedule of fair value assumptions

 Balances at beginning of year

 $

 $
 —

 Issuances:

 595,722

 355,305

 Gain on extinguishment

 ( 264,539
)

 ( 49,248
)

 Changes in fair value inputs and assumptions reflected in income

 ( 161,122
)

 ( 88,880
)

 Balances at end of year

 $

 $

 F- 15

 NOTE 9
– RELATED PARTY TRANSACTIONS

 At December 31, 2024 and 2023, the Company had a
convertible note payable for $ 22,000 with a related
party. The note is unsecured, non-interest bearing and is convertible into shares of common stock at $ 0.001.

 At December 31, 2023, the Company had accounts payable to various
related parties for a total of $ 80,991.

 At December 31, 2022, the Company had a note payable
of $ 15,000 to a related party. The note was secured by the F-150 truck and bore interest of 7 %. This was paid back in February 2023.

 In September 2023, a related party loaned $ 153,989
to CETI. The loan is due in two years and has interest only payments at 12.5 %.
The first six months interest plus closing costs were paid at time of closing. The closing costs and interest are being amortized
over a six month and twenty-four month period of time, respectively. This resulted in expenses of $ 15,638 and $ 10,074 as of December
31, 2024 and 2023, respectively and a net balance of $ 145,712 (discount $ 8,277) and $ 130,074 (discount $ 23,915) at December 31, 2024
and 2023, respectively.

 During years ended December 31, 2024 and 2023, the
Company paid various related parties for consulting services in the amounts of $ 409,850
and $ 588,308, respectively. For the years ended
December 31, 2024 and December 31, 2023, $ 30,000 and
$ 120,836, respectively, of the consulting fees were
capitalized in property and equipment under well development costs. Well Development costs are part of the discontinued operations in
the balance sheet.

 At December 31, 2024, the Company had accounts payable
to various related parties for a total of $ 137,690.

 The above transactions and amounts are not necessarily
what third parties would have agreed to.

 NOTE 10
– PREFERRED STOCK

 Series
A Convertible Preferred Stock

 The Company previously
designated 200,000 shares of Preferred Stock as Series A Convertible Preferred Stock and had issued 200,000 shares. Voting Rights had
been established whereby one (1) share of Series A Convertible Preferred Stock has ten (10) equivalent votes of stockholders of the Company's
common stock for an aggregate of 10 votes. Each share of Series A Convertible Preferred Stock previously was convertible into ten (10)
shares of the Company's common stock. In event of the liquidation of the Company, the shareholders of Series A Convertible Preferred
Stock would have preference over the shareholders of the Company's common stock and all other series of Preferred Stock.

 During 2023, the Company
changed the terms of this series of stock whereby one (1) share of Series A Convertible Preferred, after a minimum two-year holding period,
can be converted into three thousand (3,000) shares of the Company's common stock and has the same equivalent voting rights. In
October 2023, the three top shareholders cancelled 50,000,000 common shares of stock and were issued 16,667 shares of Series A Convertible Preferred Stock. As of December 31, 2024 and 2023, there are 16,671 shares of Series A Convertible Stock issued and outstanding.

 Series
B Convertible Preferred Stock

 The Company previously
designated 85,000 shares of Preferred Stock as Series B Convertible Preferred Stock and had issued 67,448 shares. Holders of Series B
Convertible Preferred Stock had no voting Rights. Each share of Series B Preferred Stock previously was convertible into one (1) share
of the Company's Common Stock. In event of the liquidation of the Company, the shareholders of Series B Convertible Preferred Stock would
have preference over the shareholders of the Company's Common Stock and all other series of Preferred Stock except for the shareholders
of Series A Convertible Preferred Stock. As of December 31, 2024 and 2023, there is one 1 share of Series B Convertible Stock issued an
outstanding.

 Series
C Non-Convertible Preferred Stock

 The Company previously
designated 50,000 shares of Preferred Stock as Series C Non-Convertible Preferred Stock and had issued all 50,000 shares. Holders of
Series C Non-Convertible Preferred Stock have 1,600 shares of voting Rights per share. Series C Non-Convertible Preferred Stock is not
convertible into any of the Company's Common Stock or other Series of Preferred Stock. In event of the liquidation of the Company, the
shareholders of Series C Non-Convertible Preferred Stock would have preference over the shareholders of the Company's Common Stock and
all other series of Preferred Stock except for the shareholders of Series A and Series B Convertible Preferred Stock. As of December
31, 2024 and 2023, there is one-half 0.5 share of Series C Convertible Stock issued an outstanding.

 Special 2020
Series A Preferred

 The Company has one
share of preferred stock designated as Special 2020 Series A Preferred, par value $ 0.0001. The holder for the Special 2020 Series
A Preferred shall vote with the holders of both preferred and common stockholders as a single class. The holder is entitled to 60% of
all votes. The one share of Series A is convertible into 150,000,000 shares of common stock at any time and is not entitled to dividends.
The Company purchased that one series A preferred share for $ 66,400. This share is now recorded as a Treasury stock. As of December 31,
2024 and 2023, there is 1 share of Special 2020 Series A Preferred issued and 0 outstanding.

 F- 16

 NOTE 11 –
 STOCK OPTIONS AND WARRANTS

 In connection with
a consulting agreement dated March 7, 2022, the Company issued 200,000 options at an exercise price of $ 0.58 per share. These options
vest one-fourth each six months over a period of two years and had a term of three years. The grant date fair value was $ 55,966. The
Company recorded compensation expense in the amount of $ 18,318 for December 31, 2022 and,
as of that date, there was $ 37,648 of total unrecognized compensation cost related to non-vested portion of options granted. In addition,
there were 200,000 options outstanding, of which 100,000 and 50,000 were exercisable as December 31, 2022 with a weighted average remaining
term of 1.31 years.

 On June 3, 2023, the
Company canceled the consultant's 200,000 Options, of which 150,000 vested as of the cancellation date. On the same date, the Company
agreed to issue 1,000,000 replacement options with a vesting date of June 3, 2023. The Company interprets this as concurrent replacement
award and, as such, will account for it as a modification.

summarizes the accounting effects of the modification:

 Schedule of accounting effects

 June 3, 2023
Replacement Award

 Fair value of new award

 $
 60,472

 Fair value of original award on modification date

 $
 1,377

 Incremental cost

 $
 59,095

 Unrecognized grant-date fair value of original award on modification date

 $
 37,647

 Cost to be recognized after modification

 $
 96,742

 Recognition Period

 24 months

 Significant inputs
and results arising from the Black-Scholes process are as follows for the options:

 Schedule of significant inputs and results in options

 Quoted market price on valuation date

 $
 0.3480

 Exercise price

 $
 0.3600

 Expected life (in years)

 1.50 Years

 Equivalent volatility

 32.88
 %

 Interest rates

 4.50
 %

 Stock option
activity for the year ended December 31, 2024 and 2023 summarized as follows:

 Schedule of stock option activity

 Number of Shares

 Weighted Average Exercise Price

 Weighted Average
 Remaining Contractual Life

 Options outstanding December 31, 2022

 —

 —

 —

 Issued

 0.36

 3.00

 Exercised

 —

 —

 —

 Cancelled

 —

 —

 —

 Options outstanding December 31, 2023

 0.3600

 2.42

 Issued

 —

 —

 —

 Exercised

 —

 —

 —

 Cancelled

 —

 —

 —

 Options outstanding December 31, 2024

 0.3600

 1.42

 Options exercisable December 31, 2024

 $
 0.3600

 1.42

 In
connection with a different consulting agreement dated March 1, 2023, the Company initially agreed to pay 2,000,000
shares of common stock, along with a monthly consulting fee. This common stock was valued at $ 0.42
on the date of the agreement and was amortized equally over the six-month agreement. On July 1, 2023, the Company and consultant
decided to amend the agreement so that the consultant would receive 3,250,000
warrants valued at $ 0.001
in replacement for the stock and extend the agreement until June 30, 2024. The agreement was amended again on September 15,
2023 resulting in an additional 500,000
warrants being issued and the agreement extended until September 15, 2024. This resulted in an additional $ 602,179
in consulting expenses which will be equally amortized over the following twelve months. The agreement was extended again on November 1, 2024 with another
 800,000 warrants being issued.

 During the year ended December 31, 2024, the
Company issued an aggregate 1,200,000 warrants in connection with convertible notes.

 F- 17

 Significant range of
inputs and results arising from the Black-Scholes process are as follows for the warrants:

 Schedule of assumptions

 Quoted market price on valuation date

 $
 0.231 - 0.3100

 Effective contractual strike price

 $
 0.0013 – 0.80

 Market volatility

 373 % - 401
 %

 Contractual term to maturity

 2 years

 Risk-adjusted interest rate

 3.98 % - 4.87
 %

 Stock warrant
activity for the year ended December 31, 2024 is summarized as follows:

 Schedule of stock warrant activity

 Number of Shares

 Weighted Average Exercise Price

 Weighted Average

 Remaining Contractual Life

 Warrants exercisable December 31, 2023

 3,750,000

 $

 0.001

 1.50

 Issued

 1,200,000

 $

 0.267

 2.00

 Exercised

 —

 —

 —

 Expired

 —

 —

 —

 Warrants outstanding December 31, 2024

 4,950,000

 0.070

 0.82

 Warrants exercisable December 31, 2024

 4,950,000

 $

 0.070

 0.82

 NOTE 12 –
 DISCONTINUED OPERATIONS

 CETI is planning to spin-off the Alvey oil field operations
into a new entity. The shareholders of CETI will get a pro rata stock distribution of the new company's common shares. A new investor
group will run the operation.

 Accordingly, the Company
has categorized Alvey as discontinued operations in the consolidated financial statements for the years ended December 31, 2024 and December
31, 2023.

 The operating results
for discontinued operations have been presented in the accompanying Statement of Operations for the years ended December 31, 2024 and
2023 as discontinued operations and are summarized below:

 Schedule of discontinued operations consolidated statement of operations

 December 31,

 2024

 2023

 Total revenue

 $
 20,362

 $
 23,649

 Total cost of revenue

 ( 5,707
)

 ( 6,159
)

 Gross profit

 14,655

 17,490

 Operating expenses

 ( 1,509,761
)

 ( 54,704
)

 Loss from operations

)

 ( 37,214
)

 Other income (expenses)

 —

 ( 23,600
)

 Loss before tax expense

)

 ( 60,814
)

 Tax expense

 —

 —

 Loss from operations of discontinued operations

 $
)

 $
 ( 60,814
)

 The assets and liabilities of the discontinued
operations at December 31, 2024 and 2023 are summarized below:

 Schedule of assets and liabilities of the discontinued operation

 As of
 December 31,

 2024

 2023

 Property
and equipment, net

 $
 2,019,415

 $
 3,268,448

 Texas Railroad Commission bond

 62,537

 62,537

 Assets of discontinued operations, non-current

 2,081,952

 3,330,985

 Total assets

 $
 2,081,952

 $
 3,330,985

 Accounts payable

 $
 25,500

 $
 119,078

 Accounts payable - related party

 30,000

 80,991

 Note payable, current maturities

 343,500

 343,500

 Liabilities of discontinued operations, current

 399,000

 543,569

 Estimated asset retirement obligation

 Liabilities of discontinued operations, non-current

 Total liabilities

 $
 496,463

 $
 641,032

 F- 18

 Property and equipment, at cost, for the discontinued
operations consisted of the following at December 31, 2024 and 2023:

 Schedule of property and equipment cost, for discontinued operations

 Useful Lives

 Equipment

 $

 802,016

 $

 739,481

 5 to 20 years

 Vehicles

 61,000

 61,000

 5 to 15 years

 Well development costs

 1,395,461

 2,571,221

 *

 Less accumulated depreciation

 ( 176,525

)

 ( 103,254

)

 —

 Property and equipment, net

 $

 2,081,952

 $

 3,268,448

 —

 *

 Once
 full production begins, "Well development costs" will be depreciated using the units-of-production method based on
 barrels of oil produced. As of December 31, 2024, a minimal amount of oil has been produced and work is ongoing to determine how to
 get regular production from the field. In addition, as of December 31, 2024, it was determined the fair value of the Well
 Development cost exceeded their fair value and were written down by $ 1,395,980.

 Depreciation
expense for the discontinued operations for the years ended December 31, 2024 and 2023 was $ 73,272 and
$ 54,705 respectively.

 Oil and Gas Producing Activities

 The Company uses the successful efforts method
of accounting for oil and gas activities. Under this method, the costs of productive exploratory wells, all development wells, related
asset retirement obligation assets, and productive leases are capitalized and amortized, principally by field, on a units-of-production
basis over the life of the remaining proved reserves. Exploration costs, including personnel costs, geological and geophysical expenses,
and delay rentals for oil and gas leases are charged to expense as incurred. Exploratory drilling costs are initially capitalized, but
charged to expense if and when the well is determined not to have found reserves in commercial quantities. The sale of a partial interest
in a proved property is accounted for as a cost recovery, and no gain or loss is recognized as long as this treatment does not significantly
affect the units-of-production amortization rate. A gain or loss is recognized for all other sales of producing properties. There were
capitalized costs of $ 1,395,461 and $ 2,571,221 at December 31, 2024 and 2023, respectively. The amount for 2024 is after a write down
of $ 1,395,980 to estimated fair value.

 Unproved oil and gas properties are assessed annually
to determine whether they have been impaired by the drilling of dry holes on or near the related acreage or other circumstances, which
may indicate a decline in value. When impairment occurs, a loss is recognized. When leases for unproved properties expire, the costs thereof,
net of any related allowance for impairment, is removed from the accounts and charged to expense. During the years ended December 31,
2024 and 2023, there was no impairment to unproved properties. The sale of a partial interest in an unproved property is accounted for
as a recovery of cost when substantial uncertainty exists as to the ultimate recovery of the cost applicable to the interest retained.
A gain on the sale is recognized to the extent that the sales price exceeds the carrying amount of the unproved property. A gain or loss
is recognized for all other sales of unproved properties. For the years ending December 31, 2024 and 2023, there was no gain or loss recognized
for sales of unproved properties. However, CETI is in conversations with various parties relating to the spinoff
of the Alvey Oil Field assets.

 Costs associated with development wells that are unevaluated
or are waiting on access to transportation or processing facilities are reclassified into developmental wells-in-progress ("WIP").
These costs are not put into a depletable field basis until the wells are fully evaluated or access is gained to transportation and processing
facilities. Costs associated with WIP are included in the cash flows from investing as part of investment in oil and gas properties. At
December 31, 2024 and 2023, no capitalized developmental costs were included in WIP.

 Depreciation, depletion and amortization of proved
oil and gas properties is calculated using the units-of- production method based on proved reserves and estimated salvage values. During
the years ended December 31, 2024 and 2023, the Company recorded no depreciation, depletion
and amortization expense on oil and gas properties. The Company will start using the units-of-production method when the field is continuously
operational and there are material sales.

 The Company reviews its proved oil and natural gas
properties for impairment whenever events and circumstances indicate that a decline in the recoverability of its carrying value may have
occurred. It estimates the undiscounted future net cash flows of its oil and natural gas properties and compares such undiscounted future
cash flows to the carrying amount of the oil and natural gas properties to determine if the carrying amount is recoverable. If the carrying
amount exceeds the estimated undiscounted future cash flows, the Company will adjust the carrying amount of the oil and natural gas properties
to fair value. During the years ended December 31, 2024 and 2023, there was no impairment to proved properties.

 F- 19

 To cover the estimated future asset retirement obligations
("ARO") related to its oil and gas properties, the Company maintains a $ 62,337 bond with the Railroad Commission of Texas ("RRC").
With the help of an outside consultant, the Company estimates it would take $ 5,000 to cap each of the 32 wells on the property so there
is a liability of $ 97,463 to make up the difference. The bond ensures that the Company will cap any wells on the Alvey Oil Field that
it decides are no longer productive. Once the Company decides it is finished working the Alvey Oil Field, it can apply to the RRC to have
the bond repaid.

 Revisions to the liability could occur due to changes
in estimated abandonment costs, changes in well economic lives, or if federal or state regulators enact new requirements regarding the
abandonment of wells.

 NOTE 13 – INCOME TAXES

 Deferred taxes are provided on a liability
method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards
and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported
amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and
liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of
 21 % is being used.

 Income taxes consist of the following components
as of:

 Schedule of federal income tax rate

 Federal income tax benefit attributable to:

 Current Operations

 $
 1,294,226

 $
 901,551

 Less: Valuation Allowance

 ( 1,294,226
)

 ( 901,551
)

 Net provision for Federal income taxes

 $
 —

 $
 —

 The income tax provision differs from the
amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years
ended December 31, 2024 and 2023, due to the following:

 Schedule of deferred tax asset

 Deferred tax asset attributable to:

 Net operating loss carryover

 $
 2,706,210

 $
 1,411,984

 Less: Valuation Allowance

 ( 2,706,210
)

 ( 1,411,984
)

 Net deferred tax asset

 $
 —

 $
 —

 At December 31, 2024, the Company had net
operating loss carry forwards of $ 12,886,715
which would result in a deferred tax asset of $ 2,706,210
that may be offset against future taxable income from the year 2025 to 2040. No
tax benefit has been reported in the December 2024 and 2023 consolidated financial statements since the potential tax benefit is offset
by a valuation allowance of the same amount.

 Due to the change in ownership provisions
of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations.
Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

 NOTE 14 – SUBSEQUENT EVENTS

 The following are subsequent events that
the Company considers may be material:

 Net money raised from investors since December 31,
 2024 was $ 787,500

 CETI took out a loan of $ 93,150 from a previous lender in January
2025. As before, this loan has a conversion option and will create derivative accounting in the 1 st Qtr 2025.

 CETI
 signed a deal with a company to spin off the Alvey Oil Field. The transaction is dependent upon the new company raising
 capital which as of April 11, 2025 it has not yet done.

 CETI has been approved to raise money via Green Bonds – money
used for environmentally friendly projects and provides favorable tax treatment for investors.

 CETI has opened up offices in London, England and Dubai, UAE to help
support pending operations in the Middle East

 In
 February of 2022 an individual invested in CETI with an assurance of a guaranteed within three years (February 2025). CETI's
 stock fell short of that amount so the company agreed to settle the agreement with a combination of cash and stock. The liability of
 $ 295,000 for the total of cash and stock was recorded as of December 31, 2024.

 F- 20

 ITEM 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure.

 While there are no disagreements with the former accountants,
the Company did switch accountants due to the former accountant, Accell Audit and Compliance, P.A. ("Accell") ceasing to provide
PCAOB audit services. It is our understanding that certain of the audit principals of Accell are now a part of Astra Audit and Advisory,
LLC, and as such we are making this change in auditors to accommodate their transition. Accell issued the auditor's report on the
Company's consolidated financial statements for the years ended December 31, 2023 and 2022.

 Other than an explanatory paragraph included in Accell's
audit report for the Company's fiscal years ended December 31, 2023 and 2022 relating to the uncertainty of the Company's
ability to continue as a going concern, the audit reports of Accell on the Company's consolidated financial statements for the fiscal
years ended December 31, 2023 and 2022 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified
or modified as to uncertainty, audit scope, or accounting principle.

 During the Company's fiscal years ended December
31, 2023 and 2022 and any subsequent interim period through August 12, 2024, the date of the dismissal of Accell, there were no disagreements
with Accell on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to Accell's satisfaction, would have caused Accell to make reference to the subject matter of the
disagreements in connection with their report on the Company's consolidated financial statements for such years; and there were
not reportable events, as listed in Item 304(a)(l)(v) of Regulation S-K.

 The Company provided Accell with a copy of the disclosure
contained in the Form 8-K filed on August 12, 2024 and requested in writing that Accell furnish the Company with a letter addressed to
the Securities and Exchange Commission stating whether or not it agrees with such disclosures. Accell provided a letter, dated August
12, 2024, stating its agreement with such statements.

 Effective August 12, 2024, the Board of Directors
of the Company approved the appointment of Astra Audit & Advisory LLC., as its independent registered public accountant for the quarters
ending June and September of 2024 and the year ended December 31, 2024. During the Company's most recent fiscal years ended December
31, 2023 and 2022 and subsequent interim periods through the date of appointment, neither the Company nor anyone acting on its behalf
has consulted with Astra Audit & Advisory LLC with respect to: (i) the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements,
or (ii) any other matter or reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K.

 ITEM 9A: Controls and Procedures

 Evaluation of Disclosure Controls and Procedures

 Disclosure controls and procedures are controls
and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the
Securities Exchange Act of 1934 (the "Exchange Act") is recorded, processed, summarized and reported, within the time periods
specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include controls and procedures
designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and
communicated to management to allow timely decisions regarding required disclosure.

 As required by paragraph (b) of Rules 13a-15
or 15d-15 under the Exchange Act, our management, with the participation of our chief executive officer (our principal executive officer)
and our chief financial officer (our principal financial officer and principal accounting officer) evaluated the effectiveness of our
disclosure controls and procedures as of the end of the period covered by this annual report, being December 31, 2024.

 Based on this evaluation, these officers concluded
that, as of December 31, 2024 these disclosure controls and procedures were not effective to ensure that the information required to be
disclosed by our company in reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within
the time periods specified in the rules and forms of the Securities Exchange Commission. The conclusion that our disclosure
controls and procedures were not effective was due to the Company lacking in pre-planning for expenses and documentation of all transactions.

 Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been
detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur
because of simple error or mistake.

 Management's Annual Report on Internal Control
over Financial Reporting

 Our management is responsible for
establishing and maintaining adequate internal control over financial reporting. The term "internal control over financial
reporting" is defined as a process designed by, or under the supervision of, an issuer's principal executive and principal
financial officers, or persons performing similar functions, and effected by the issuer's board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated
financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies
and procedures that:

 (1)

 Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the issuer; and

 (2)

 provide reasonable
 assurance that transactions are recorded as necessary to permit preparation of consolidated financial statements in accordance
 with generally accepted accounting principles, and that receipts and expenditures of the issuer are being made only in accordance
 with authorizations of management and directors of the issuer.

 Under the supervision of our chief executive
officer, being our principal executive officer, and our chief financial officer, being our principal financial officer and principal accounting
officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2024 using
the criteria established in Internal Control Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). This evaluation included review of the documentation of controls, evaluation of the design effectiveness of controls,
testing of the operating effectiveness of controls and a conclusion on this evaluation. Based on this evaluation, our management concluded
our internal control over financial reporting were not effective at December 31, 2024.

 A material weakness is a deficiency, or
combination of deficiencies, in internal control over financial reporting, such that there is a more than remote possibility that a
misstatement of our company's annual or interim consolidated financial statements could occur. In its assessment of the
effectiveness of our internal control over financial reporting as of December 31, 2024, we determined that there were control
deficiencies that constituted material weaknesses which are indicative of many small companies with small staff, such as:

 (1)

 inadequate segregation of duties and ineffective risk assessment; and

 (2)

 insufficient written policies and procedures for documenting all transactions with vendors.

 Our management is currently evaluating remediation
plans for the above deficiencies. The Company anticipates a significant increase in funding raising during 2025 and will be hiring more
people to provide for a better segregation of duties.

 ITEM 9B. OTHER INFORMATION.

 During
the Company's fourth quarter, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1
trading arrangement.

 Item 10. Directors, Executive Officers and Corporate
Governance.

 Directors and Executive Officers of Cyber Enviro-Tech,
Inc.

 The following sets forth information about our directors
and executive officers:

 NAME

 AGE

 POSITION/INITIAL ELECTION

 APPOINTMENT

 DATE

 Kim D. Southworth

 Chief Executive Officer and Director

 September 3, 2020

 TJ Agardy

 President and Director

 September 3, 2020

 Dan Leboffe

 Chief Financial Officer and Treasurer

 February 7, 2022

 Winston McKellar

 Director of IR/PR (Non-Board)

 NA

 Kim D. Southworth, Chief Executive Officer and Director

 Kim D. Southworth, CEO – Mr. Southworth
has more than 37 years in the corporate world, holding key roles in management, administration and corporate finance. He is the founder
and senior partner of Advanced Business Strategies, a venture catalyst firm assisting early stage, high growth technology companies in
the development, expansion, and execution of their business plans. He has served as founder, president, CEO and consultant for numerous
companies and industries, including oil & gas, biotech, instore digital music and advertising, ballistic armor and fuel treatment
technologies.

 •

 2020 to Present, Mr. Southworth is a co-founder, director and Chief Executive officer of the Cyber Enviro-Tech, Inc. a Wyoming company formerly, Global Environmental Technologies, Inc., prior to a name change in 2021. At Cyber Enviro-Tech, Mr. Southworth leads the strategic business plan development and execution, corporate capitalization, investment structuring, strategic partnership development, joint venture relationships, corporate filings, public auditing review, mergers and acquisitions.

 •

 August 2017 to April 2020, Mr. Southworth was a founder, director and CEO of Applied Logic Filtration, LLC. A Utah limited liability company in business to become an R&D water filtration technology Company. Mr. Southworth spent approximately 2 years bringing together numerous technologies from around the world to develop, design and engineer a unique and proprietary industrial wastewater filtration system.

 •

 2016 to 2018, Mr. Southworth was a director and President of Gold Standard Mining Company.

 Gold
Standard Mining Company ("GSMC") or the "Company" incorporated in the State of Nevada on August 22, 2016. Mr.
Southworth incorporated the company, hired accountants and attorney for the propose of developing
business activities described as a "blank check". The company filed an S-1 as a blank check company
with the Securities and Exchange Commission. The company went effective on its S-1 on September 27, 2017. On February 20, 2019,
Mr. Southworth resigned as the President of Gold Standard Mining Company and had no further ownership or involvement with management of
the company.

 TJ Agardy, President and Director

 Mr. Agardy, – Mr. Agardy has over 40
years of engineering and sales experience.

 •

 2020 to Present, Mr. Agardy is a co-founder, director and President of Cyber Enviro-Tech, Inc. a Wyoming company, formerly, Global Environmental Technologies, Inc., prior to a name change in 2021. As the President and acting Chief Technical Officer for the company His responsibilities include evaluating and integrating commercially viable technologies from multiple industries to the company's core water filtration, extraction, and cyber-SCADA capabilities. Assessing critical path partners, sourcing manufacturers and negotiating terms for delivery, utilization, and performance is another component of this function with the Company.

 •

 August 2017 to April 2020, Mr. Agardy was a co-founder, President and director of Applied Logic Filtration, LLC. A Utah limited liability company in business to become an R&D water filtration technology Company. Mr. Agardy spent approximately 2 years bringing together numerous technologies from around the world to develop, design and engineer a unique and proprietary industrial wastewater filtration system.

 •

 March
 1997 to August 2017, Mr. Agardy served as Managing Director at Artic FX LLC. Clients
 served included energy conversion firms processing mining tires for pyrolysis; diesel production, gasoline production, asphalt,
 scrap metal and environmental recycling. Either consulting or operational assistance attached to projects determined travel
 schedules and job scopes. From 2008 projects included interface for software development contracted in Asia, South America, Europe,
 and the US with design and test engineers.

 •

 November 1987 to
 February 1997, Mr. Agardy was a Director of International Trades at American PetroChem. American PetroChem served
 as a supply chain provider for Automotive, Pharmaceutical, Mining, and Chemical Operations enterprises on an international platform.
 As such, Mr. Agardy handled all of the ICC400 – ICC600 banking interface, shipping modal interface, technical compliance for
 international trade accommodations for storage, transport, discharge, and delivery of final product to the end client. This involved
 extensive travel to ports, shipping lines, storage facilities, manufacturing facilities, and client visits for end product viability.
 At times, technical substitution capacity was required for either higher quality delivery or on-site best practices with clients.
 During his tenure there, he managed relationships with Elf, Esso, Royal Dutch, Vasso, Sunoco, Arco, Marathon, Crown, San Joaquin,
 Union Oil, Texaco, Shell, Chevron, Mobil, Exxon, Citgo, Cato, Phillips, Conoco and more.

 •

 August
 1983 – October 1987, Mr. Agardy, served with Burroughs Corporation as a Technical Support Representative
 in Phoenix Arizona; responsible for integrating 3rd party peripheral and mainframe computers to Burroughs MT985's,
 ET2000's, B1900's, B3900's, while structuring a multi-vendor solution to specific custom applications. Each
 application addressed critical base operations data input off production, quality control, inventory control, access security, or
 resource allocation.

 This was before the Sperry Corporation takeover, with a focus on Mining [Newmont-Asarco] and medical [WL Gore], plus integrated shop floor control applications at microchip manufacturers. Prior to this, Mr. Agardy worked at Honeywell in Detroit serving Fortune 100 companies in process controls, closed loop applications for mining, pharmaceutical, food processing, automotive, refining, glass, paint, and chemical processing. He also worked with power plants, automotive plants, food processing, and machine tool client bases in industrial settings during his tenure with Eaton Cutler Hammer. Mr. Agardy began his industrial career in Plant Engineering with General Motors in Detroit.

 Dan Leboffe, Chief Financial Officer and Treasurer
(Non-Board)

 Mr. Leboffe joined the Company in the capacity of
Chief Financial Officer earlier in 2022. He brings to CETI a diverse background in his 40+ years of business experience. His experience
includes audit/tax work with (then) Price Waterhouse, over ten years of marketing/sales experience with various Fortune 1000 consumer
packaged goods companies and overseeing training for publicly traded real estate company ZipRealty. Mr. Leboffe's entrepreneurial
ventures include a construction accounting software reseller, high-performance boat manufacturer Spectre, real estate development and
business consulting.

 •

 2020 to Present: CFO (as of February 2022) and consultant (2020 to 2022) for CETI.

Primarily focused on financial modeling, investor presentations, business strategy and filings with OTC Markets and the SEC.

 •

 2017 to 2020: Co-founded two business consulting firms – Path Capital Advisors, LLC and AscentCore Group LLC. Both organizations focus on growth and capital advisory services for CEOs, board of directors and business owners. In addition, he has individually provided consulting services to both Realogy, Inc and Homeward Inc both in the real estate industry.

 •

 Education background. BS in Accounting from University at Albany, MBA from The Wharton School of the University of Pennsylvania

 •

 Certifications. Formerly a Certified Public Accountant in the State of New York with Price Waterhouse

 •

 Community: For the last seven years, he has been the Treasurer for Everybody Matters, an organization that teaches coping skills to emotionally vulnerable youths in the public school system.

 Winston P. McKellar, Director of IR/PR (Non-Board)

 Mr. McKellar has close to 50 years in both the entrepreneurial
and corporate world from the brokerage, development, management and syndication of commercial real estate throughout the Southwest. He
has also been in corporate finance and marketing strategy for early-stage companies for over three decades. Mr. McKellar has served as
a consultant for all types of companies primarily in the early-stage levels. He has been successful in expanding their business and connecting
these companies to outside growth capital.

 •

 January 2021 to Present: Mr. McKellar joined the senior management team behind Cyber Enviro-Tech based in Arizona. He has the executive position of (Director of IR & PR) for the company and handles majority of the communication between management and shareholders.

 •

 December 2015 to October 2020: Mr. McKellar became a integral member of the Vizi Healthcare company that helped insurers of Medicare and Medicaid with their care managed programs to save costs. He was instrumental in bringing equity growth capital to the company over the five years and opening strategic opportunities for the company while serving on their advisory board level.

 •

 February 2012 to November 2015: Mr. McKellar was a consultant for a company called YipTV that created a software platform for the streaming of real time content for the Hispanic and Latino population. He also sits on YipTV's advisory board.

 Item 11. Executive Compensation.

 The following table sets forth the compensation of our Executive Officers
for the years ending December 31, 2024 and 2023 these amounts were paid as consulting fees.

 Summary Compensation Table:

 Name And Principal position

 Year

 Salary($)

 Bonus($)

 Stock
 Awards($)

 Option Awards($)

 Non-Equity Incentive Plan Compensation($)

 Nonqualified Deferred Compensation Earnings($)

 All Other Compensation($)

 Total($)

 Kim D. Southworth, CEO

 2024

 $

 $

 $

 $

 $

 $

 $

 $

 2023

 $
 120,750

 $

 $

 $

 $

 $

 $

 $
 120,750

 TJ Agardy, President

 2024

 $

 $

 $

 $

 $

 $

 $

 $

 2023

 $

 $

 $

 $

 $

 $

 $

 $

 Dan Leboffe. CFO and Treasurer (Non-Board)

 2024

 $
 102,000

 $

 $

 $

 $

 $

 $

 $
 102,000

 2023

 $
 99,250

 $

 $

 $

 $

 $

 $

 $
 99,250

 Markham Broughton, Former Director

 2024

 $
 20,000

 $

 $

 $

 $

 $

 $

 $
 20,000

 2023

 $
 10,000

 $

 $
 90,000

 $

 $

 $

 $

 $
 100,000

 Winston McKellar, Director of IR/PR
(Non-Board)

 2024

 $
 67,850

 $

 $

 $

 $

 $

 $

 $
 67,850

 2023

 $
 112,850

 $

 $

 $

 $

 $

 $

 $
 112,850

 Employment Agreements

 None

 Consulting Agreements

 None, although the officers are currently paid as
consultants of the Company.

 Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters.

 The following tables set forth certain information
regarding beneficial ownership of our stock as of December 31, 2024, by (i) each person who is known by us to own beneficially more than
five percent (5%) of the outstanding shares of each class of our voting stock, (ii) each of our directors and executive officers, and
(iii) all of our directors and executive officers as a group. We believe that each individual or entity named has sole investment and
voting power with respect to the stock indicated as beneficially owned by them, subject to community property laws, where applicable,
except where otherwise noted:

 As of December 31, 2024, 108,159,556 shares of common
stock were issued and outstanding:

 Number of Shares

 Name and Address (1)

 Beneficially Owned

 Kim D. Southworth, CEO and Director

 9,983,333

 TJ Agardy, President and Director

 8,500,000

 Dan Leboffe, CFO and Treasurer

 4,648,352

 Winston McKellar, Director IR/PR (Non-Board)

 Officers and Directors as a group (5 people)

 23,381,685

 (22
 %)

 Item 13. Certain Relationships and Related Transactions,
and Director Independence

 At December 31, 2024 and 2023, the Company had a convertible
note payable for $22,000 with a related party. The note is unsecured, non-interest bearing and is convertible into shares of common stock
at $0.001.

 At December 31, 2022, the Company had a note
payable of $15,000 to a related party. The note was secured by the F-150 truck and bore interest of 7%. This was paid back in February
2023.

 In September 2023, a related party loaned $153,989
to CETI. The loan is due in two years and has interest only payments at 12.5%. The first six months interest was paid and is being amortized
over the six-month period of time.

 During years ended December 31, 2024 and 2023, the
Company paid various related parties for consulting services in the amounts of $409,850 and $588,308 respectively. For the years ended
December 31, 2024 and 2023, $30,000 and $120,836, respectively, of the consulting fees were capitalized in property and equipment under
well development costs.

 Director Independence

 We are not currently a "listed company"
under SEC rules and are therefore not required to have a Board comprised of a majority of independent directors or separate committees
comprised of independent directors. We currently do not have any independent directors as the term "independent" is defined
by the rules of the Nasdaq Stock Market.

 Item 14. Principal Accountant Fees and Services.

 The following table sets forth fees billed
to us for principal accountant fees and services for years ended December 31, 2024 and 2023.

 Audit Fees

 $
 89,055

 $
 84,305

 Audit-Related Fees

 9,340

 8,247

 Total Audit and Audit-Related Fees

 $
 98,395

 $
 92,552

 Item 15. Exhibits.

 (a) Exhibits

 The following exhibits are filed with this Report on Form 10-K:

 Incorporated by Reference

 Filed or

 Furnished

 Exhibit No.

 Exhibit Description

 Form

 Date Filed

 Number

 Herewith

 3.1

 Articles of Incorporation, as currently in effect

 S-1

 9/22/2022

 3.1

 3.2

 Bylaws as currently in effect

 S-1

 9/22/2022

 3.2

 19.1

 Insider Trading Policy

 X

 31.1

 Certification of CEO Pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 X

 31.2

 Certification of CFO Pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 X

 32.1

 Certification of CEO and CFO Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 XX

 101.INS

 X

 101.SCH

 X

 101.CAL

 X

 101.DEF

 X

 101.LAB

 X

 101.PRE

 X

 X

 XX Furnished herewith

 SIGNATURES

 In accordance with Section 13 or 15(d) of the Exchange
Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 14th April 2025.

 CYBER ENVIRO-TECH, INC.

 By:

 /s/ Kim D. Southworth

 Kim D. Southworth

Chief Executive Officer

 By:

 /s/ Dan Leboffe

 Dan Leboffe

Chief Financial Officer

 Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.

 Signature

 Title

 Date

 /s/ Kim D. Southworth

 Chief Executive Officer

 April 14, 2025

 Kim D. Southworth

 /s/ Dan Leboffe

 Principal Accounting Officer

 April
 14, 2025

 Dan Leboffe