Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2023

Commission File No. 000-55000

EARTH SCIENCE TECH, INC.

(Exact name of registrant as specified in its charter)

florida		80-0961484
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

8950 SW 74 th CT

Suite 101

Miami, FL 33156, USA

(Address of principal executive offices, zip code)

(305) 724-5684

(Registrant’s telephone number, including area code)

10650 NW 29th Terrace

Doral, FL 33172, USA

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(g) of the Act:

Title of Each Class		Trading Symbol		Name of each exchange on which registered
Common Stock $0.001 par value		ETST		Over the Counter Bulletin Board

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

Item 7.01 Regulation FD Disclosure

On November 13, 2023, Earth Science Tech, Inc., a Florida corporation (the “Company”) issued a press release (the “Release”) sharing the Company’s financial results, highlights and outlook based on their November 13, 2023, filed quarter ended September 30, 2023, 10-Q.

The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press release issued by the registrant on November 13, 2023.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EARTH SCIENCE TECH, INC.

Dated: November 13, 2023	By:	*/s/ Giorgio R. Saumat*
		Giorgio R. Saumat
	Its:	CEO and Chairman of the Board

Exhibit 99.1

Earth Science Tech, Inc., Reports Fiscal Q2 2023 Financial Results, Recording Over $1.9M in Revenue for the Quarter

“Strategy is important. EXECUTION is everything. “

Miami, FL, November 13, 2023, Earth Science Tech, Inc. (OTC: ETST) (“ETST” or “Company”), a holding entity currently focused on the health and wellness industry, today shares financial results, highlights, and outlook from record fiscal Q2 2023 report, quarter ended September 30, 2023.

Financial Results:

As of September 30, 2023, the Company recorded:

	●	$187,694 in cash, versus $1,205 in the quarter ended September 30, 2022, and a $151,893 increase compared to the year ended March 31, 2023.

	●	$3,041,344 in assets, versus $355,762 in the quarter ended September 30, 2022, and a 13% increase compared to the year ended March 31, 2023.

	●	$1,927,720 in revenue, versus $0 in the quarter ended September 30, 2022, and a $1,879,183 increase compared to the year ended March 31, 2023.

	●	$1,181,494 in gross profit, versus a $0 in the quarter ended September 30, 2022, and a $1,159,434 increase compared to the year ended March 31, 2023.

	●	$444,581 in net profit, versus a $73,678 loss in the quarter ended September 30, 2022, and a $823,847 increase compared to the year ended March 31, 2023.

	●	$1,107,704 in liabilities, a 54% decrease compared to the quarter ended September 30, 2022, and a 31% decrease compared to the year ended March 31, 2023.

	●	$3,041,344 in Stockholders Equity, versus 355,762 in the quarter ended September 30, 2022, and a 13% increase compared to the year ended March 31, 2023.

Highlights:

	●	RxCompoundStore.com is currently licensed in 18 States while 9 additional States have been applied to.

	●	Peaks Curative has officially launched and is currently operating PeakNow.com, MySexGummy.com and ViagraMia.com to target Men’s sexual health.

	●	Peaks Curative is currently developing various properties including MyOnlineConsultation.com, WLSolution.com, ClearupSkincare.com, ScreamCream.net, iHairSolution.com, as well as other online properties, in order to diversify the Peaks portfolio and increase sales.

	●	The Company has expanded its Board of Directors to 5 members, including 2 independent directors.

	●	The Company is currently evaluating its options including but not limited to acquisitions, dividends and/or buyback of its common stock as proper deployment of its free cash flow.

ETST’s CEO and Chairman of the Board, Giorgio R. Saumat comments, “We continue to execute. The company has decreased its debt significantly and we anticipate a further decrease in the current quarter. We have increased asset values, and more importantly increased revenue and positive cash flows.

Management had projected 2M in revenue for the next twelve months after our 1st quarter report, and basically met that number in the 2nd quarter alone, far exceeding my expectations. I’m extremely proud of the entire team at ETST and look forward to the continued execution of the Company’s growth plan.

Management planned the strategy; now the team is executing it.”

About Earth Science Tech, Inc.

Earth Science Tech, Inc. is a holding entity currently in compounding pharmaceuticals and telemedicine through its wholly owned subsidiaries RxCompoundStore.com, LLC., Peaks Curative, LLC. and Earth Science Foundation, Inc.

To learn more, please visit: www.EarthScienceTech.com

RxCompoundStore.com, LLC.

RxCompound is a complete compounding pharmacy. RxCompound is currently licensed to fulfill prescriptions in the states of Florida, New York, New Jersey, Delaware, Pennsylvania, Rhode Island, Nevada, Colorado, Arizona, Utah, Georgia, Ohio, Georgia, Iowa, Missouri, Wisconsin, Minnesota and Massachusetts. RxCompound is in the application process to obtain licenses in the remaining states in which it is not yet approved to ship prescriptions.

To learn more please visit: www.RxCompoundStore.com

About Peaks Curative, LLC.

Peaks is a telemedicine referral site focused on men’s health. Peaks’ orders are exclusively fulfilled by RxCompound. Patients who order Peaks via monthly subscription receive their refills automatically. Currently, Peaks is focused on Men’s health, and, more specifically, ED. The company intends to expand offerings to include over the counter (“OTC”) (non-prescription) products such as supplements and topicals. The OTC products will be custom manufactured or fulfilled through partnered companies under the Peaks brand and offered worldwide.

To learn more please visit: www.PeaksCurative.com

About Earth Science Foundation, Inc.

Earth Science Foundation Inc. is a favored entity of the Company, effectively being a non-profit organization that was incorporated on February 11, 2019, and is structured to accept grants and donations to help those in need of assistance in paying for prescriptions.

SAFE HARBOR ACT: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the CSE, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:

Giorgio R. Saumat

CEO and Chairman of the Board

(305) 724-5684

grsaumat@earthsciencetech.com

Cover	Nov. 13, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 13, 2023
Entity File Number	000-55000
Entity Registrant Name	EARTH SCIENCE TECH, INC.
Entity Central Index Key	0001538495
Entity Tax Identification Number	80-0961484
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	8950 SW 74 th CT
Entity Address, Address Line Two	Suite 101
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Country	US
Entity Address, Postal Zip Code	33156
City Area Code	(305)
Local Phone Number	724-5684
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock $0.001 par value
Trading Symbol	ETST
Entity Emerging Growth Company	false