Clean Energy Technologies Inc 2024年度报告

FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended:December 31, 2024 ☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number: 001-41654 CLEAN ENERGY TECHNOLOGIES, INC.(Exact name of registrant as specified in its charter) Nevada20-2675800(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 1340 Reynolds Avenue Unit 120, Irvine, California 92614(Address of principal executive offices) (949) 273-4990(Registrant’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Common Stock, par value $0.001CETYThe Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct. ☐Yes☐No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas 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 besubmitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). ☐Yes☐No 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 ExchangeAct.: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod 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 The aggregate market value of common stock held by non-affiliates of the registrant as of June 28, 2024, was$24,361,641, based upon 18,214,740 shares held by non-affiliates and the closing price of $1.32 per share on the lasttrading day (June 28, 2024) prior to such date. Accordingly, effective as of June 28, 2024, the registrant’s aggregatemarket value was less than $75 million and the registrant qualifies for “smaller reporting company” status underRule 12b-2 of the Exchange Act and is subject to the disclosure requirements and filing deadlines for smallerreporting companies. The number of shares of common stock outstanding on April 13, 2025, was 47,523,434 shares. DOCUMENTS INCORPORATED BY REFERENCENone. TABLE OF CONTENTS Item 1.Business6Item 1A.Risk Factors20Item 1B.Unresolved Staff Comments34Item 1C.Cybersecurity34Item 2.Properties34Item 3.Legal Proceedings34Item 4.Mine Safety Disclosures34 Item 5.Market for Registrant’s Common Equity, related Shareholder Matters and IssuerPurchases of Equity Securities35Item 6.Selected Financial Data36Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperation37Item 7A.Quantitative and Qualitative Disclosure about Market Risk46Item 8.Financial Statements and Supplementary Data47Item 9.Changes and Disagreements with Accountants on Accounting and Financial Disclosure87Item 9A.Controls and Procedures87Item 9B.Other Information87Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections87 Item 10Directors, Executive Officers and Corporate Governance88Item 11Executive Compensation95Item 12Security Ownership of Certain Beneficial Owners, management and RelatedStockholder Matters96Item 13Certain Relationships and Related Transactions and Director Independence96Item 14Principal Accounting Fees and Services97Item 15Exhibits98Signatures99 Note about Forward-Looking Statements This Annual Report contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange