Clean Energy Technologies Inc 2024年度报告

FORM10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended:December 31,2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: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,California92614(Address of principal executive offices) (949)273-4990(Registrant’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredTheNasdaqStock Market LLC Title of each classTrading Symbol(s)Common Stock, par value $0.001CETY 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 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 Sections 13 or 15(d) of the SecuritiesExchange 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 submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). ☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting 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 filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant 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-basedcompensation 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 The aggregate market value of common stock held by non-affiliates of the registrant as of June 28, 2024, was $24,361,641, based upon18,214,740 shares held by non-affiliates and the closing price of $1.32 per share on the last trading day (June 28, 2024) prior to suchdate. Accordingly, effective as of June 28, 2024, the registrant’s aggregate market value was less than $75 million and the registrantqualifies for “smaller reporting company” status under Rule 12b-2 of the Exchange Act and is subject to the disclosure requirementsand filing deadlines for smaller reporting companies. The number of shares of common stock outstanding on April 13, 2025, was47,523,434shares. 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 Issuer Purchases of EquitySecurities35Item 6.Selected Financial Data36Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operation37Item 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 Related Stockholder 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-lo