Global Star Acquisition Inc. (GLSTW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
INTERNATIONAL DRIVE UNIT 208 MCLEAN, VA 22012 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 677 - Blank Checks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 1,507 | 878 | |||
| Cash and cash equivalent | 1,507 | 878 | |||
| Deferred costs | |||||
| Other current assets | 232 | ||||
| Other undisclosed current assets | 81 | ||||
| Total current assets: | 1,588 | 1,109 | |||
| Noncurrent Assets | |||||
| Asset, held-in-trust | 55,708 | 95,135 | |||
| Other noncurrent assets | 50 | ||||
| Total noncurrent assets: | 55,708 | 95,184 | |||
| TOTAL ASSETS: | 57,295 | 96,293 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 782 | 184 | |||
| Accrued liabilities | 796 | 135 | |||
| Other undisclosed accounts payable and accrued liabilities | (14) | 49 | |||
| Other liabilities | 15 | ||||
| Due to related parties | ✕ | ✕ | 15 | ||
| Other undisclosed current liabilities | 2,872 | 404 | |||
| Total current liabilities: | 3,669 | 604 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 3,220 | 3,220 | |||
| Deferred compensation liability, classified | 3,220 | 3,220 | |||
| Total noncurrent liabilities: | 3,220 | 3,220 | |||
| Total liabilities: | 6,889 | 3,824 | |||
| Temporary equity, including noncontrolling interest | 55,575 | 94,798 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (5,169) | (2,328) | |||
| Accumulated deficit | (5,169) | (2,328) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||
| Total equity: | (5,169) | (2,328) | |||
| TOTAL LIABILITIES AND EQUITY: | 57,295 | 96,293 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues (Other Income) | ||||
| Gross profit: | ||||
| Operating expenses | (2,127) | (548) | ||
| Operating loss: | (2,127) | (548) | ||
| Nonoperating income | 3,967 | 852 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,840 | 304 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||
| Income (loss) from continuing operations before income taxes: | 1,840 | 304 | ||
| Income tax expense | (796) | (135) | ||
| Net income (loss) available to common stockholders, diluted: | 1,044 | 169 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net income (loss): | 1,044 | 169 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,044 | 169 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.