false 2023 FY 0001935092

 2023-06-30

 2024-03-18

 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

 CETI:DannyHydeMember

 2021-01-01

 us-gaap: EquipmentMember

 us-gaap: EquipmentMember

 srt: MinimumMember
 us-gaap: EquipmentMember

 srt: MaximumMember
 us-gaap: EquipmentMember

 us-gaap: VehiclesMember

 us-gaap: VehiclesMember

 srt: MinimumMember
 us-gaap: VehiclesMember

 srt: MaximumMember
 us-gaap: VehiclesMember

 CETI:WellDevelopmentCostsMember

 CETI:WellDevelopmentCostsMember

 2023-10-31

 2023-10-01

 CETI:NotePayableMember

 CETI:NotePayableMember

 CETI:NotePayableRelatedPartyMember

 CETI:NotePayableRelatedPartyMember

 CETI:ConvertibleNotesPayableRelatedPartyMember

 CETI:ConvertibleNotesPayableRelatedPartyMember

 2021-02-01
 2021-02-28

 CETI:KAMBiotechnologyMember

 2023-05-01
 2023-05-31

 2023-09-30

 2023-09-01
 2023-09-30

 2020-01-01
 2020-12-31

 2021-01-01

 srt: MinimumMember

 srt: MaximumMember

 2023-01-31

 CETI:IndexedSharesMember

 CETI:FairValuesMember

 2023-09-27

 2023-12-29

 2023-09-26
 2023-09-27

 2023-12-28
 2023-12-29

 srt: MinimumMember

 srt: MaximumMember

 us-gaap: RelatedPartyMember

 us-gaap: RelatedPartyMember

 2023-09-29
 2023-09-30

 CETI:SeriesAConvertiblePreferredStockMember

 CETI:SeriesBConvertiblePreferredStockMember

 CETI:SeriesCNonConvertiblePreferredStockMember

 CETI:Special2020SeriesAPreferredStockMember

 CETI:ConsultingAgreementMember

 2022-03-06
 2022-03-07

 2023-03-01

 2023-07-02

 CETI:WarrantsMember

 2023-06-02
 2023-06-03

 CETI:WarrantsMember

 CETI:AlveyOilFieldMember

 CETI:AlveyOilFieldMember

 CETI:OtherOperationMember

 CETI:OtherOperationMember

 CETI:AlveyOilFieldMember

 CETI:AlveyOilFieldMember

 CETI:OtherOperationMember

 CETI:OtherOperationMember

 utr: Y

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 OR

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

 For the transition period from ______________ to ______________.

 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)

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

 Indicate 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

 Indicate 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

 Indicate 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

 Indicate 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 financial statements of the registrant included in the filing
reflect the correction of an error to previously issued financial statements.

 Indicate 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 30, 2023 (the last business day of the
registrant's most recently completed 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 30,030,948 shares of common stock held by non-affiliates of the issuer on such
date was $ 9,309,594.

 At March 18, 2024 there were 81,861,713
 shares of the registrant's Common Stock issued and outstanding.

 Cyber Enviro-Tech, Inc.

 FORM 10-K

 For The Fiscal Year Ended December 31, 2023

 Item 1. Business.

 Item 1A. Risk Factors.

 Item 1B. Unresolved Staff Comments.

 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. 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").

 CETI is a water technology Company focusing on the
remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. Our water filtration and alternative
energy systems will have neural sensors, controls and networks - all connected to a cellular device. The Company has aggregated technologies
to produce a water filtration system. CETI will be outsourcing the production of its water filtration systems. However, the Company intends
to generate revenues from its revenue share with its clients. At this time CETI has not entered into any outsourcing agreements with third
parties.

 We are an exploration stage 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. We currently own the mineral rights to a 479- acre, 33-well, Pilot Oil Field located in
Callahan County, Texas.

 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;

 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, where we are the operator of record, is on a 479-acre, 33-well, oil field in Callahan County, Texas. Approximately a third of
them have been converted from the old pumper jack systems to CETI's current system.

 The Company is also testing its oil water filtration
machine in a few locations 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. These patents enhance the Company's ability to treat wastewater in an environmentally friendly manner.

 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)
 Developing in initial commercial tests with at least one significant meat packing client

 3)
 Further developing oil production on 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 December 31, 2023 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.

 Market Demand and Size - CETI's water
filtration system can be modified to address many of the water contamination issue 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. 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

 We have invested $34,500 in research and development
of our oil/water filtration machine as well as approximately $2.6 million in getting our Pilot Oil Field project (the Alvey Ranch) back
into production. The former has been expensed and the latter capitalized.

 Personnel

 As of December 31, 2023, we have no employees but
the Company does have 12 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 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, 2023, the remaining amount
owed is $343,500.

 Our focus for the current fiscal year will be on further
locating and developing new working interest opportunities, while continuing to pursue acquisition of new leases and/or existing oil and
gas wells which have potential for production based on the addition of our water filtration system, if revenues warrant.

 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.

 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, 2023, there were 440 active shareholders
and the total shares outstanding of 77,467,573. 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

 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

 Fiscal Year Ended December 31, 2022

 HIGH

 LOW

 Fourth Quarter

 $
 0.42

 $
 0.20

 Third Quarter

 $
 0.60

 $
 0.20

 Second Quarter

 $
 0.85

 $
 0.40

 First Quarter

 $
 1.27

 $
 0.06

 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.

 2/24/2021

 New

 123,457

 0.097

 Lester Black

 Cash

 3/18/2021

 New

 14,286

 0.350

 Frank Kigenyi

 Cash

 3/20/2021

 New

 14,286

 0.350

 Ramonte Parea Hackman

 Cash

 3/22/2021

 New

 28,572

 0.350

 Lenora Rodriguez

 Cash

 3/25/2021

 New

 14,286

 0.350

 Ernest Bevans

 Cash

 4/5/2021

 New

 14,286

 0.350

 Vanessa DeMattei

 Cash

 5/4/2021

 New

 0.200

 Greg Hebert

 Grant fee

 9/27/2021

 New

 144,033

 0.097

 Lester Black

 Cash

 2/25/2022

 New

 3,000,000

 0.078

 Markham and ML Broughton RT, Markham Broughton

 Cash

 2/25/2022

 New

 750,000

 0.133

 Gary E. Smith Living Trust, Gary Smith

 Cash

 12/31/2022

 New

 400,000

 0.420

 Joe Isaacs, Axiom Group

 12/31/2022

 New

 42,000

 0.457

 Malcolm Mcquire

 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

 250,000

 0.42

 Joe Isaacs

 New

 250,000

 0.38

 Frank Straw

 New

 250,000

 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

 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 individual below
are consultants and part of their compensation is in stock as follows:

 On November 21, 2022 the
company entered into a consulting agreement with Axiom Group (Joseph Isaacs, sole Officer and director) for professional services wherein
the Company paid Axiom Group (Joseph Isaacs) 950,000 common shares.

 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 3,950,000 warrants at a par value of $0.001.

 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 for professional services.

 The Company has had a working
relationship with US Affiliated, Inc, owned by Karen Fowler, for the past year. To keep the company engaged, 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, 2023, there were 440 record holders
and 429 as of December 31, 2022, 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 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 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 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 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. The
Company is also testing its oil water filtration machine in a few locations Southwest Texas. Upon successful completion, the Company has
preliminary agreements in place to expand to at least three other locations in Texas.

 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;

 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.

 There are 26 oil wells on our Pilot Oil Field and
when funds become available the Company will change over the old pumper jack systems to CETI's current system.

 The Company is also testing its oil water filtration
machine in a few locations 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. These patents enhance the Company's ability to treat wastewater in an environmentally friendly manner.

 Our focus for the current fiscal year will be on:

 The Company is also testing its oil water filtration
machine in a few locations 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. These patents enhance the Company's ability to treat wastewater in an environmentally friendly manner.

 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)
 Developing in initial commercial tests with at least one significant meat packing client

 3)
 Further developing oil production on 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 March 1,
2024, the Company has agreements with several individuals who are pursuing a variety of opportunities but no contracts with have been
ratified so far.

 Market Demand and Size - CETI's
water filtration system can be modified to address many of the water contamination issue 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, 2023 and 2022

 2023

 2022

 $

 %

 Revenue:

 Gross sales

 $
 23,649

 $
 85,356

 $
 (61,707
)

 (72
 %)

 Cost of sales

 (6,159
)

 (21,904
)

 15,745

 (72
 %)

 Adjusted Gross Sales

 17,490

 63,452

 (45,962
)

 (72
 %)

 Operating Expenses:

 Professional Fees

 119,146

 58,327

 60,819

 %

 General and administrative

 572,084

 98,431

 473,653

 %

 Consulting

 3,265,062

 388,402

 2,876,660

 %

 Total operating expenses

 3,956,292

 545,160

 3,411,132

 %

 Loss from operations

 (3,938,802
)

 (481,708
)

 (3,457,094
)

 %

 Other Income (Expense):

 Change in fair value of derivative

 88,880

 2,638,153

 (2,549,273
)

 (97
 %)

 Loss on issuance of derivative

 (130,305
)

 (149,010
)

 18,705

 (84
 %)

 Loss on sale or disposition of assets

 (23,600
)

 —

 (23,600
)

 (100
 %)

 Amortization of intangible assets

 (58,275
)

 —

 (58,275
)

 %

 Gain on extinguishment of debt

 49,248

 627,591

 (578,343
)

 (92
 %)

 Change in fair value of contingent liability

 (2,731
)

 3,181

 (116
 %)

 Interest income

 —

 %

 Interest expense

 (331,606
)

 (1,152,933
)

 821,327

 (71
 %)

 Total Other Income (Expense)

 (404,302
)

 1,961,070

 (2,365,372
)

 (121
 %)

 Net Income (Loss)

 $
 (4,343,104
)

 $

 $
 (5,822,466
)

 (394
 %)

 Revenues. Revenue is only $23,649 and
decreased by 72% since we are still in our development phase on our Pilot Oil Project in West Texas. However, this decrease is off of
a small base in 2022 ($85,356) and overall minimal.

 Cost of Sales. Decreased by 72% in alignment
with the decreased sales volume during 2023.

 Adjusted Gross Sales. Decreased by 72%
due to decreased volume during 2023.

 General and Administrative Expenses.
General and administrative expenses for the year ended December 31, 2023 were up by 481% vs 2022 largely due increased travel expenses
as the Company looks to develop markets for its products both nationally and internationally. Travel expenses make up over half of all
general and administrative expenses in 2023.

 Professional fees. These fees are largely
made up of audit and audit-related fees ($92,552 and $48,652 as of December 31, 2023 and 2022 respectively). The increase in audit/audit-related
fees is largely due to increases from our auditors and as well as the filing of an S-1 Registration in November 2023.

 Consulting fees. Increased by 741% due
to a full year of paying consultants working in various capacities including management, field work, research, sales, marketing and legal
advisory services. In addition, the Company expanded its business development of wastewater remediation both internationally and to other
verticals including meat processing and oil reclamation sites. A majority of this amount was paid in the form of stock, warrants and options
(73%).

 Other Income (Expense). Much of this
is related to the issuance and conversion of convertible debentures used to raise money for the Company's operations. $3,733,000
and $1,210,000 was raised by the sale of convertible debentures in 2023 and 2022, respectively. During 2022, $2,250,000 of convertible
debentures from 2022 and 2021 were exchanged for common shares of stock. Since convertible debentures issued before March 31, 2022 did
not contain a floor price, estimates needed to be performed to determine the change in fair value of the derivatives, loss on issuance
of derivatives as well as gain on extinguishment of debt when the debentures were converted to common shares. In addition, the interest
expense of $1,152,933 was largely due to the amortization of debt discount of $1,111,820. In addition, debenture holders in 2023 converted
in shorter time periods resulting in less interest paid in 2023 vs 2022.

 During 2023 vs 2022, there were two other changes.
First, we took out loans from a company that provides the option for CETI to pay back in either cash or stock. As such, just for this
company, we do have derivative accounting as noted above. Second, there is amortization of intangible assets which relates to CETI's
licensing agreement with KAM Biotechnology, Ltd.

 Net Income (Loss). The above changes
resulted in net loss of 4,343,104 in 2023 compared to net income of $1,479,362 in 2022. The losses in 2023 were largely due to consulting
expenses and the gains for 2022 were largely due to derivative accounting as noted in "Other Income (Expense)" above.

 Liquidity and Capital Resources

 As of December 31, 2023, the Company had total assets of $5,398,615 including current
assets of $558,847. We also have current liabilities of $814,491 which consist of accounts payable of $220,214, accrued interest
of $96,623 and short-term loans net of discount of $154,154 and a note payable of $343,500. We also have $3,085,714 of long-term liabilities
largely consisting convertible notes of $2,641,000. 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. FINANCIAL STATEMENTS
AND SUPPLEMENTARY DATA.

 Our consolidated financial statements for
the fiscal years ended December 31, 2023 and 2022 are attached hereto.

 Financial Statements

 Page Number

 Report of Independent Registered Public Accounting Firm (PCAOB ID 3289)

 Consolidated Balance Sheets as of December 31, 2023 and 2022

 Consolidated Statements of Operations for the years ended December 31, 2023 and 2022

 Consolidated Statements of Shareholders' Equity for the years ended December 31, 2023 and 2022

 Consolidated Statements of Cash Flows for the years ended December 31, 2023 and 2022

 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
balance sheets of Cyber Enviro-Tech Inc. (the Company) as of December 31, 2023 and 2022, and the related statements of operations, changes
in stockholders' equity and cash flows for the two years ended December 31, 2023, and the related notes and schedules (collectively
referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial
position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the period then ended,
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 financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3, the Company just began operations
and has insufficient revenue. These factors, and the need for additional financing in order for the Company to meet its business plans
raises substantial doubt about the Company's ability to continue as a going concern. Our opinion is not modified with respect to
that matter.

 Basis for Opinion

 These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's 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 audits to obtain reasonable assurance about whether
the 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 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 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 financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Accell Audit & Compliance, P.C.

 We have served as the Company's auditor since 2022.

 Tampa,
Florida

 March 22, 2024

 3001
N. Rocky Point Dr. East, Suite 200 i Tampa,
Florida 33607 i813.367.3527

 F- 2

 BALANCE SHEETS

 31,
 2023

 31,
 2022

 ASSETS

 Current Assets:

 Cash and cash equivalents

 $
 239,417

 $
 297,349

 Loan receivable

 —

 Prepaid expenses and other current assets

 195,516

 95,471

 Total current assets

 534,933

 392,820

 Property and equipment, net

 3,707,005

 2,429,035

 Texas Railroad Commission Bond

 62,537

 Acquired intangible assets, net

 1,070,226

 —

 Total Assets

 $
 5,374,701

 $
 2,871,855

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities:

 Accounts payable

 $
 220,214

 $
 149,835

 Accrued interest

 96,623

 7,489

 Contingent liability

 —

 5,700

 Note payable – related party

 —

 15,000

 Note payable, current maturities, net of discount of $ 0 and $ 19,887 at December 31, 2023 and 2022, respectively

 443,500

 237,613

 Convertible notes payable, net of discount of $ 137,096 and $ 0 at December 31, 2023 and 2022, respectively

 32,154

 —

 Convertible notes payable – related parties

 22,000

 25,000

 Total current liabilities

 814,491

 440,637

 Note payable, less current maturities, net of discount of $ 0 and $ 2,343 at December 31, 2023 and 2022, respectively

 —

 183,657

 Note payable, related party, net of discount of $ 23,915 and $ 0 at December 31, 2023 and 2022,
respectively

 130,074

 —

 Convertible notes payable, net discount of $ 0 and $ 51,798 at December 31, 2023 and 2022, respectively

 2,641,000

 334,202

 Estimated asset retirement obligation

 97,463

 —

 Derivative liability

 —

 Total Liabilities

 3,900,205

 958,496

 Commitments and contingencies (Note 4)

 —

 —

 Stockholders' Equity:

 Series A Convertible Preferred Stock, par value $ 0.001,
 200,000 shares authorized; 16,471 and 1 share issued and outstanding, respectively

 —

 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 outstanding

 —

 —

 Common Stock, par value $ 0.001, 350,000,000 shares
 authorized; 77,467,573 and 115,914,283 shares issued and
 outstanding, respectively

 77,468

 115,915

 Additional paid-in capital

 7,801,868

 4,368,442

 Common stock to be issued

 933,489

 52,496

 Unearned stock compensation

 ( 496,022

)

 ( 124,274
)

 Treasury stock, at cost

)

)

 Accumulated deficit

 ( 6,775,924
)

 ( 2,432,820
)

 Total Stockholders' Equity

 1,474,496

 1,913,359

 Total Liabilities and Stockholders' Equity

 $
 5,374,701

 $
 2,871,855

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

 F- 3

 STATEMENTS OF OPERATIONS

 FOR THE YEARS ENDING DECEMBER 31, 2023 AND 2022

 2023

 2022

 Sales

 $
 23,649

 $
 85,356

 Cost of sales

 ( 6,159
)

 ( 21,904
)

 Gross margin

 17,490

 63,452

 Operating Expenses:

 Professional fees

 119,146

 58,327

 General and administrative

 572,084

 98,431

 Consulting

 3,265,062

 388,402

 Total operating expenses

 3,956,292

 545,160

 Loss from operations

 ( 3,938,802
)

 ( 481,708
)

 Other Income (Expense):

 Change in fair value of derivatives

 88,880

 2,638,153

 Loss on issuance of derivatives

 ( 130,305
)

 ( 149,010
)=

 Gain on extinguishment of debt

 49,248

 627,591

 Change in fair value of contingent liability

 ( 2,731
)

 Loss on sale of asset

 ( 23,600
)

 —

 Amortization of intangible assets

 ( 58,275
)

 —

 Interest income

 —

 Interest expense

 ( 331,606
)

 ( 1,152,933
)

 Total other income (expense)

 ( 404,302
)

 1,961,070

 Net Income (Loss)

 $
 ( 4,343,104
)

 $

 Loss per share, basic

 ( 0.04
)

 0.01

 Weighted average shares outstanding, basic and diluted

 $
 110,450,233

 $
 108,094,441

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

 F- 4

 STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

 FOR THE YEARS ENDED DECEMBER 30, 2023 AND 2022

 Preferred

 Common Stock

 APIC

 Treasury

 CS to be Issued

 Unearned Stock Comp

 Accum Deficit

 Total

 Description

 Amt

 Amt

 Amt

 Balance, December 31, 2021

 $
 —

 104,204,722

 $
 104,205

 $
 1,141,328

 $
)

 839,233

 $
 154,164

 $
 —

 $
 ( 3,912,182
)

 $
 ( 2,578,885
)

 Common stock issued from prior periods

 —

 —

 839,233

 153,325

 —

 ( 839,233
)

 ( 154,164
)

 —

 —

 —

 Shares issued for cash

 —

 —

 750,000

 99,250

 —

 —

 —

 —

 —

 Shares issued for conversion of Advance on joint venture

 —

 —

 3,000,000

 3,000

 230,983

 —

 —

 —

 —

 —

 233,983

 Options gr anted for services

 —

 —

 18,318

 —

 —

 —

 —

 —

 18,318

 Shares issued for services

 —

 —

 475,973

 193,499

 —

 —

 —

 ( 124,274
)

 —

 69,701

 Shares issued in connection with convertible notes
 payable

 —

 —

 430,000

 218,452

 —

 154,400

 52,496

 —

 —

 271,378

 Shares issued for conversion of notes payable

 —

 —

 6,214,355

 6,214

 2,313,287

 —

 —

 —

 —

 2,319,501

 Net Income

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Balance, December 31, 2022

 —

 115,914,283

 115,915

 4,368,442

)

 154,400

 52,496

 ( 124,274
)

 ( 2,432,820
)

 1,913,359

 Options granted for services

 —

 —

 —

 —

 96,742

 —

 —

 —

 ( 68,780
)

 —

 27,962

 Warrants granted in settlement of CS to be issued

 —

 —

 —

 —

 1,050,374

 —

 ( 1,333,333
)

 ( 560,000
)

 ( 301,090
)

 —

 189,284

 Warrants granted for services

 —

 —

 —

 —

 111,806

 —

 —

 —

 —

 —

 111,806

 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

 ( 1,878
)

 —

 1,951,346

 Shares issued for interest

 —

 —

 133,290

 13,191

 —

 110,690

 15,269

 28,593

 —

 28,593

 Shares issued for conversion of notes payable

 —

 —

 500,000

 49,500

 —

 —

 —

 —

 Shares issued for conversion of convertible notes payable

 —

 —

 2,720,000

 2,720

 269,280

 —

 8,000,000

 $
 895,000

 1,167,000

 —

 1,167,000

 Shares issued for conversion of notes payable - related party

 —

 —

 3,000,000

 3,000

 —

 —

 —

 —

 3,000

 —

 3,000

 Shares issued for purchase of intangible assets

 —

 —

 1,000

 369,000

 —

 —

 —

 370,000

 —

 370,000

 Retired common shares

 16,667

 ( 50,000,000
)

 ( 50,000
)

 49,983

 —

 —

 —

 —

 —

 —

 Net loss

 —

 —

 —

 —

 —

 —

 —

 —

 —

 ( 4,343,104
)

 ( 4,343,104
)

 Balance,
 December 31, 2023

 16,671

 $

 77,467,573

 $
 77,468

 $
 7,801,868

 $
)

 8,173,019

 $
 933,489

 $
 ( 496,022
)

 $
 ( 6,775,924
)

 $
 1,474,496

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

 F- 5

 STATEMENTS OF CASH FLOWS

 FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022

 2023

 2022

 Cash flow from operating activities:

 Net Income (loss)

 $
 ( 4,343,104
)

 $

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

 Change in fair value of derivatives

 ( 88,880
)

 ( 2,638,153
)

 Loss on sale or retirement of property and equipment

 23,600

 —

 Loss on issuance of derivatives

 130,305

 149,010

 Gain on extinguishment of debt

 ( 49,248
)

 ( 627,591
)

 Change in fair value of contingent liability

 ( 450
)

 2,731

 Shares issued for services

 1,951,346

 122,197

 Warrants issued for services

 301,090

 —

 Options issued for services

 27,962

 18,318

 Amortization of debt discount

 161,932

 1,060,198

 Depreciation expense and amortization

 112,980

 43,929

 Changes in operating assets and liabilities:

 Prepaid expenses and other current assets

 ( 100,045
)

 ( 66,796
)

 Accounts payable

 70,379

 144,312

 Estimated asset retirement obligation

 97,463

 —

 Accrued interest

 117,727

 41,114

 Net cash from operating activities

 ( 1,599,480
)

 ( 271,369
)

 Cash flows from investing activities:

 Purchase or capitalization of property and equipment

 ( 1,369,875
)

 ( 1,394,561
)

 Issuance of loan receivable

 ( 100,000
)

 —

 Proceeds from sale of property and equipment

 13,600

 —

 Net cash from investing activities

 ( 1,456,275
)

 ( 1,394,561
)

 Cash flows from financing activities:

 Repayment of notes payable - related parties

 ( 25,000
)

 —

 Repayment of notes payable

 ( 908,501
)

 ( 31,500
)

 Repayment of convertible notes payable

 ( 380,250
)

 —

 Proceeds from convertible notes payable

 3,971,500

 1,461,000

 Proceeds from notes payable

 340,074

 Proceeds from notes payable – related party

 —

 15,000

 Proceeds from the sale of common stock

 —

 Net cash from financing activities

 2,997,823

 1,644,500

 Net change in cash and cash equivalents

 ( 57,932
)

 ( 21,430
)

 Cash and cash equivalents at beginning of year

 297,349

 318,779

 Cash and cash equivalents at end of period

 $
 239,417

 $
 297,349

 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 advance on joint venture

 $
 —

 $
 233,983

 Shares issued for conversion of convertible notes payable and accrued
 interest

 $
 1,167,000

 $
 2,319,501

 Shares issued for notes payable

 $

 $
 —

 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

 $

 $
 —

 Debt discount on convertible notes payable

 $
 225,000

 $
 —

 Conversion of related party notes payable to common stock

 $
 3,000

 $
 —

 Shares issued for accrued interest

 $
 28,593

 $
 —

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

 F- 6

 CYBER
ENVIRO-TECH, INC.

 NOTES TO FINANCIAL STATEMENTS

 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 is 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.

 NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

 Basis of presentation

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

 Use of estimates

 The preparation of 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 financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ from those estimates.

 Revenue recognition

 The Company 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.

 The Company 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.

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

 Cash equivalents

 The Company 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, 2023 and 2022.

 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.

 Note receivable

 CETI
provided a $ 100,000 Short-Term Capital Bridge Loan to Sedar
Gurel, Founder and CEO of DELTA Cervresel Solusyonlari ve Makinalar A.S. a Turkish Corporation ("DELTA"). The note is currently
due and accruing simple interest at 6 %
per annum.

 Asset Retirement Obligations

 To
cover the estimated future asset retirement obligations ("ARO") related to its oil and gas properties, the Company maintains
a $ 62,000 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 $ 92,463
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

 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.

 F- 8

 Oil and Gas Producing
Activities

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 $ 2,571,221 and $ 1,604,983 at December 31, 2023 and 2022, respectively.

 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, 2023 and 2022, 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, 2023 and 2022, there
was no gain or loss recognized for sales of unproved properties.

 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, 2023 and 2022, 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, 2023 and 2022, 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.

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, 2023 and 2022, there was no impairment
to proved properties.

 Stock-based Compensation

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, 2023 and 2022, the Company recorded $ 2,280,398 and $ 140,515 in stock-based compensation
expense, respectively.

 F- 9

 Fair Value of Financial Instruments

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.

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.

 The following table classifies the Company's
liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2023. There were no fair value
instruments as of December 31, 2022:

 Schedule of derivative liability

 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- 10

 The Company 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

 The Company computes loss per
common share in accordance with ASC 260, "Earnings Per Share", which requires dual presentation of basic and diluted
earnings per share. Basic income or loss per common share is computed by dividing net income or loss by the weighted average number of
common shares outstanding during the period. Diluted income or loss per common share is computed by dividing net income or loss by the
weighted average number of common shares outstanding, plus the issuance of common shares, if dilutive, that could result from the exercise
of outstanding stock options and warrants.

 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.

 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 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.

 NOTE 3 – GOING CONCERN

 The Company's 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 has just begun generating revenue
and 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 financial statements of
the Company do not include any adjustments that may result from the outcome of these uncertainties.

 F- 11

 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, 2023 and December 31, 2022, the Company is not aware of
any contingent liabilities related to potential litigation that should be reflected in the 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 2024. 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.

 NOTE 5 – PROPERTY AND
EQUIPMENT

 As of December 31, 2023 and
December 31, 2022, property and equipment consisted of the following:

 Schedule of property
and equipment

 Useful Lives

 Equipment

 $
 1,172,038

 $
 782,576

 5 to 20 years

 Vehicles

 67,000

 99,700

 5 to 15 years

 Well development costs

 2,571,221

 1,604,983

 *

 Less accumulated depreciation

 ( 103,254
)

 ( 58,224
)

 Property and equipment, net

 $
 3,707,005

 $
 2,429,035

 *

 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, 2023, a minimal amount of oil has been produced and work is ongoing to determine how to determine how to get regular production from the field.

 Depreciation expense for the years ended December 31, 2023 and
2022 was $ 54,705 and
$ 43,929,
respectively.

 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.
There were no Intangible assets in 2022.

 NOTE
7 – LONG TERM DEBT

 Schedule of debt

 Note payable

 $
 443,500

 $
 458,500

 Loan payable – related party

 153,989

 —

 Convertible notes payable

 2,810,250

 386,000

 Convertible notes payable – related party

 22,000

 25,000

 3,429,739

 869,500

 Debt discount

 ( 161,011
)

 ( 74,028
)

 3,268,728

 795,472

 Less current portion

 497,654

 277,613

 Long term portion

 $
 2,771,074

 $
 517,859

 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

 2024

 $

 634,750

 2025

 2,794,989

 $

 3,429,739

 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, 2023 and 2022, 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 2023.

 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, 2023. 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 ($ 130,074 after discount).
The loan is at 12.5 %
and is due in September of 2025.

 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 its loan 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, 2021, the Company received $ 1,175,000
 from the issuance of twenty-nine separate convertible notes payable. Each note bore interest
at 7 %.
Each note holder received 10,000
 shares of commons stock for every $ 25,000
 loaned to the Company. These notes had a two-year maturity date when issued,
but were all were all converted during the year ended December 31, 2022.

 During the
year ended December 31, 2022, the Company received $ 1,461,000
 from the issuance of thirty-two separate convertible notes payable. For $ 1,075,000
 worth of notes payable issued before December 2022, the terms were the same as the notes
issued in 2021. For $ 386,000
 worth of notes payable issued in December 2022, these notes bear interest at 8 %,
do not have any bonus shares and are convertible into common stock at a range of $ 0.10
 to $ 0.25
 a share. All
of notes issued during 2022 had a two-year maturity date when issued.

 During the year ended December 31, 2022,
the Company converted $ 2,250,000 of notes payable plus accrued interest into 6,214,355 shares of common stock. This conversion created
a one-time gain on the extinguishment of the debt of $627,591 as well as a write off of the derivative liability associated with these
notes of $ 3,512,747. As of December 31, 2022, $ 386,000 worth of convertible notes payable remained.

 During the year
ended December 31, 2023, the Company raised a net of another $ 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 are payable at maturity of September
25, 2024 and December
29, 2024, respectively. The second note is 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. The third note has the same terms with the issuer's
option starting June 25, 2024.

 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.

 F- 13

 Derivative 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, 2023 and the amounts that were reflected in income
related to derivatives for the period ended:

 Schedule of derivative liabilities

 December 31, 2023

 The financings giving rise to derivative financial instruments

 Indexed

 Fair

Values

 Embedded derivatives

 878,836

 $

 Total

 878,836

 $

 There were no fair value instruments as of December 31, 2022.

 The following table 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, 2023 and 2022:

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

 For the Years Ended

 December 31, 2023

 December 31, 2022

 Embedded derivatives

 $
 88,880

 $
 —

 Loss on issuance of derivative

 ( 130,305
)

 —

 Total gain (loss)

 $
 ( 41,425
)

 $
 —

 Schedule of embedded derivatives

 Inception
 Date September 27, 2023

 Note

 Inception
 Date

 December 29, 2023

 Note

 December 31,
 2023

 Quoted market price on valuation date

 $
 0.334

 $
 0.348

 $
 0.348

 Effective contractual conversion rates

 $
 0.169

 $
 0.195

 $
 0.195

 Contractual term to maturity

 1 year

 1 year

 0.73 - 1 years

 Market volatility:

 Volatility

 143.96 %- 730.38
 %

 161.76 %- 586.87
 %

 123.27 %- 733.78
 %

 Risk-adjusted interest rate

 8.48
 %

 %

 %

 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, which approximates the Monte
Carlo Simulations, 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 Binomial Lattice
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:

 The following table reflects the issuances of embedded
derivatives and changes in fair value inputs and assumptions related to the embedded derivatives as of December 31, 2023 and 2022.

 Schedule of fair value assumptions

 Year Ended
 December 31, 2023

 Year Ended
 December 31, 2022

 Balances at beginning of period

 $
 —

 $
 3,116,734

 Issuances:

 Embedded derivatives

 355,305

 396,013

 Conversions

 —

 ( 3,512,747
)

 Gain on extinguishment of debt

 ( 49,248
)

 —

 Changes in fair value inputs and assumptions reflected in income

 ( 88,880
)

 —

 Balances at end of period

 $

 $
 —

 F- 14

 NOTE 8 – RELATED PARTY
TRANSACTIONS

 At December 31, 2023 and 2022, the Company had a
convertible note payable for $ 22,000
 and $ 25,000,
respectively, 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 was paid at time of closing and is being amortized over the six-month period of time.

 During year ended December
31, 2023 and 2022, the Company paid various related parties for consulting services in the amounts of $ 588,308
 and $ 333,500, respectively. For the year ended December 31, 2023 and 2022, $ 120,836
 and $ 122,813,
respectively, of the consulting fees were capitalized in property and equipment under well
development costs.

 NOTE 9 – 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 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, 2023 and 2022,
there are 16,471
and 1
shares of Series A Convertible Stock, respectively, issued and outstanding.

 F- 15

 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, 2023 and 2 022,
there is one 1 share of Series B Convertible Stock issued an outstanding. During the years ended December 31, 2023 and 2022, there was no activity
impacting Series B Convertible Preferred Stock.

 Series C Non-Convertible
Preferred Stock

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, 2023 and 2022, there is
 one-half share of Series C Convertible Stock issued an outstanding. During the years ended December 31, 2023 and 2022, there was no
activity impacting Series C Non-Convertible Preferred Stock.

 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,
2023 and 2022, there is one 1 share of Special 2020 Series
A Preferred issued and 0 outstanding. During the years ended December 31, 2023 and 2022, there was no activity impacting Special 2020 Series A Preferred
Stock.

 NOTE 10 – 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 Ken Water'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.

 The following table
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, 2023 is summarized as follows:

 Schedule of stock option activity

 Number of

 Weighted Average Exercise Price

 Weighted
 Average
 Remaining
 Contractual Life

 Options outstanding December 31, 2021

 —

 $

 —

 —

 Issued

 200,000

 0.5765

 1.75

 Exercised

 —

 —

 —

 Cancelled

 —

 —

 —

 Options outstanding December 31, 2022

 200,000

 0.5 765

 1.75

 Options exercisable December 31, 2022

 0.5765

 1.75

 Issued

 0.3600

 1.01

 Exercised

 —

 —

 —

 Cancelled

 200,000

 0.5765

 1.75

 Options outstanding December 31, 2023

 0.3600

 1.01

 Options exercisable December 31, 2023

 $
 0.3600

 1.01

 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, 2025.
This resulted in an additional $ 602,179
in consulting expenses which will be equally amortized over the following twelve months with $301,089 to be amortized at December 31, 2023.

 F- 16

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

 Schedule
 of assumptions

 Quoted market price on valuation
 date

 $
 0.3100

 Effective contractual strike price

 $
 0.0013

 Market volatility

 %

 Contractual term to maturity

 years

 Risk-adjusted interest rate

 4.87
 %

 Stock warrant activity for the year ended
December 31, 2023 is summarized as follows:

 Schedule of warrant option activity

 Number of

 Weighted
 Average Exercise Price

 Weighted
 Average
 Remaining
 Contractual Life

 Warrants outstanding December 31, 2021

 —

 $
 —

 —

 Issued

 —

 —

 —

 Exercised

 —

 —

 —

 Expired

 —

 —

 —

 Warrants outstanding December 31, 2022

 —

 —

 —

 Warrants exercisable December 31, 2022

 —

 —

 —

 Issued

 3,750,000

 0.001

 1.00

 Exercised

 —

 —

 —

 Expired

 —

 —

 —

 Warrants outstanding December 31, 2023

 3,750,000

 0.001

 0.50

 Warrants exercisable December 31, 2023

 3,750,000

 $
 0.001

 0.50

 NOTE 11 – REPORTABLE SEGMENTS

 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. Our
pilot project, where we are the operator of record, is on a 479-acre, 33-well, oil field in Callahan County, Texas. This project combines
both water remediation as well as technology to improve well productivity. The Company is pursuing other projects including oil water
filtration machines in a few locations Southwest Texas as well as acquisition of licenses to several patents from KAM Biotechnology, Ltd.
These patents enhance the Company's ability to treat wastewater in an environmentally friendly manner industries well beyond oil
and gas.

 Since the Alvey oil field project is very specialized,
we thought it was valuable to show it separate from the rest of the operations of CETI which will be a larger part of where the Company
is headed. Below shows that segmentation:

 Schedule of reportable segments

 Year

 2023

 2022

 Revenue

 $
 23,649

 $
 85,356

 —

 —

 Total

 $
 23,649

 $
 85,356

 Year

 2023

 2022

 Income (loss) from operations

 $
 ( 37,215
)

 $
 19,523

 ( 3,901,587
)

 ( 501,231
)

 Total

 $
 ( 3,938,802
)

 $
 ( 481,708
)

 Year

 2023

 2022

 Depreciation and Amortization

 $
 54,705

 $
 43,929

 58,275

 —

 Total

 $
 112,980

 $
 43,929

 Year

 2023

 2022

 Capital Expenditures

 $
 1,029,066

 $
 1,357,009

 340,809

 37,550

 Total

 $
 1,369,875

 $
 1,394,559

 Year

 2023

 2022

 Total Assets

 $
 3,315,184

 $
 2,435,575

 2,059,517

 436,280

 Total

 $
 5,374,701

 $
 2,871,855

 F- 17

 NOTE 12 – 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

 $
 901,551

 $
 343,275

 Less: Valuation Allowance

 ( 901,551
)

 ( 343,275
)

 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, 2023 and 2022, due to the following:

 Schedule of deferred tax asset

 Deferred tax asset attributable to:

 Net operating loss carryover

 $
 1,411,984

 $
 510,433

 Less: Valuation Allowance

 ( 1,411,984
)

 ( 510,433
)

 Net deferred tax asset

 $
 —

 $
 —

 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 13 – SUBSEQUENT EVENTS

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

 Net money raised from investors since December 31, 2023 was $ 870,000.

 NOTE 14 – SUPPLEMENTAL
OIL AND GAS DISCLOSURES (UNAUDITED)

 In accordance with ASC 932,
 Extractive Activities- Oil and Gas, the Company is required to provide additional information regarding its oil and gas producing
activities when those activities are deemed to be significant. According to ASC 932, significance is defined as satisfying one or more
of the following criteria: the revenues from oil and gas are 10% or more of total revenues; the operating income (loss) from oil and gas
are 10% or more of total income (loss) from operations; the identifiable assets of oil and gas are 10% or more of total assets. In 2023
and 2022, the Company's oil and gas activities were deemed to be significant since the operating loss from oil and gas is 10% or
more of total loss from operations. In addition, there was $ 23,649 and $ 85,356 of oil sales as for the years ended December 31, 2023 and
2022, respectively.

 Oil and Gas Reserves

 There are several factors that
need to be considered in estimating quantities of proved crude oil and natural gas reserves. Crude oil and natural gas reserve engineering
is a subjective process of estimating underground accumulations of crude oil and natural gas that cannot be precisely measured. The accuracy
of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment.
Results of drilling, testing and production subsequent to the date of the estimate may justify revision of such estimate. Accordingly,
reserves estimates are often different from the quantities of crude oil and natural gas that are ultimately recovered.

 Proved oil and gas reserves
are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty
to be economically producible – from a given date forward, from known reservoirs, and under existing economic conditions, operating
methods, and government regulations – prior to the time at which contracts providing the right to operate expire, unless evidence
indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation.
The project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project
within a reasonable time.

 Existing economic conditions
include prices and costs at which economic productivity from a reservoir is to be determined. The price shall be the average price during
the 12-month period prior to the ending date of the period covered by the report, determined as an unweighted arithmetic average of the
first-day-of-the-month price for each month within such period, unless prices are defined by contractual arrangements, excluding escalations
based upon future conditions. For the years ending December 31, 2023 and 2022, that price would be $ 78.10 and $ 94.13, respectively.

 Proved reserves are estimated
quantities of oil, gas and natural gas liquids that geological and engineering data demonstrate with reasonable certainty to be recoverable
in future years from known reservoirs under existing economic and operating conditions. The reserve volumes presented are estimates only
and should not be construed as being exact quantities.

 The Company's 479-acre oil field is
located in West Texas. P er the Preliminary Reserve Estimate done by an independent geologist in May 2013,
it is estimated to contain 150 million barrels of oil. The geologist estimates the recovery factor at 30% to 40% of the total
reserves. Based on the lower estimated quantity and lower the recovery factor, the total barrels of recoverable oil for would be
around 44.8 million barrels. The average price of West Texas Intermediate oil for the year ending December 31, 2022 was $ 78.10.
This would give an estimated total value of recoverable oil at approximately $ 3.5
billion. The cost of production would be around $ 1.0 billion
which would leave a net of approximately $ 2.5 billion.

 F- 18

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

 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, 2022.

 Based on this evaluation, these officers concluded
that, as of December 31, 2023 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 was 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 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 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, 2023 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, 2023.

 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 financial statements could occur. In its assessment of the effectiveness of our internal control over
financial reporting as of December 31, 2023, 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 effective 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. During the period covered by this annual report on Form 10-K, we have been able to remediate some of
the weaknesses described above. However, we plan to take steps to enhance and improve the design of our internal control over financial
reporting.

 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.

 •

 03/1997 to 08/2017, 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.

 •

 11/1987 to 02/1997, 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.

 •

 08/1983 – 10/1987, 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

 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 five 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 of 2021 to Present: Mr. McKellar joined the senior management team behind Cyber Enviro-Tech b ased 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 of 2015 to October of 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 of 2012 to November of 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 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, 2023 and 2022 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

 2023

 $

 120,750

 $

 $

 $

 $

 $

 $

 $

 120,750

 2022

 $

 98,250

 $

 $

 $

 $

 $

 $

 $

 98,250

 TJ Agardy, President

 2023

 $

 120,000

 $

 $

 $

 $

 $

 $

 $

 120,00

 2022

 $

 98,250

 $

 $

 $

 $

 $

 $

 $

 98,250

 Dan Leboffe. CFO and Treasurer

 2023

 $

 99,250

 $

 $

 $

 $

 $

 $

 $

 99,250

 2022

 $

 64,250

 $

 $

 $

 $

 $

 $

 $

 64,250

 Markham Broughton, Former Director

 2023

 $

 10,000

 $

 $

 90,000

 $

 $

 $

 $

 $

 2022

 $

 $

 $

 $

 $

 $

 $

 $

 Winston McKellar, Director of IR/PR

 (Non-Board)

 2023

 $

 112,850

 $

 $

 $

 $

 $

 $

 $

 112,850

 2022

 $

 75,750

 $

 $

 $

 $

 $

 $

 $

 75,750

 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, 2023, 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, 2023, 77,467,573 shares of common
stock were issued and outstanding:

 Number of Shares

 Name and Address (1)

 Beneficially Owned

 Kim D. Southworth, CEO and Director

 11,500,000

 TJ Agardy, President and Director

 11,500,000

 Chris Ivey, Control Person

 6,872,483

 Dan Leboffe, CFO and Treasurer

 4,648,352

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

 502,580

 Officers and Directors as a group (5 people)

 35,023,415

 (45
 %)

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

 At December 31, 2023 and December 31, 2022, the Company
had a convertible note payable for $22,000 and $25,000, respectively, 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 year ended December 31, 2023 and 2022, the
Company paid various related parties for consulting services in the amounts of $588,308 and $333,500 respectively. For the year ended
December 31, 2023 and 2022, $120,836 and $122,813, 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 year ended December 31, 2023 and 2022.

 Year
 Ended

 Year
 Ended

 Audit Fees

 $
 84,250

 $
 39,500

 Total Audit and Audit-Related
 Fees

 $
 84,250

 $
 39,500

 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

 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

 (included in Exhibit 101).

 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 28th March
2024.

 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

 March 28, 2024

 Kim D. Southworth

 /s/ Dan Leboffe

 Principal Accounting Officer

 March 28, 2024

 Dan Leboffe