GlobalTech Corp (GLTK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3550 BARRON WAY, SUITE 13A RENO, NV 89511 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,761 | 1,415 | 1,419 | 1,058 | 906 | 867 | |||
| Cash and cash equivalent | 765 | 440 | 457 | 908 | 804 | 750 | |||
| Short-term investments | 996 | 976 | 962 | 149 | 102 | 117 | |||
| Receivables | 8,237 | 8,230 | 8,378 | 8,259 | 7,587 | 4,649 | |||
| Inventory, net of allowances, customer advances and progress billings | 859 | 861 | 865 | 859 | 819 | 831 | |||
| Inventory | 859 | 861 | 865 | 859 | 819 | 831 | |||
| Prepaid expense | 14 | 30 | 26 | 11 | 17 | ||||
| Other undisclosed current assets | 6,159 | 5,466 | 4,935 | 4,474 | 3,732 | 7,053 | |||
| Total current assets: | 17,030 | 16,003 | 15,623 | 14,661 | 13,061 | 13,400 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 475 | 478 | 489 | 504 | 441 | 488 | |||
| Property, plant and equipment | 17,297 | 17,565 | 17,869 | 17,904 | 17,766 | 17,913 | |||
| Long-term investments and receivables | 1,789 | 1,413 | 2,104 | 4,253 | 4,558 | 153 | |||
| Long-term investments | 153 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 1,789 | 1,413 | 2,104 | 4,253 | 4,558 | ||||
| Intangible assets, net (including goodwill) | 10,542 | 10,924 | 11,307 | 11,576 | 11,894 | 12,248 | |||
| Intangible assets, net (excluding goodwill) | 10,542 | 10,924 | 11,307 | 11,576 | 11,894 | 12,248 | |||
| Deferred income tax assets | 8,527 | 8,505 | 8,507 | 8,389 | 8,221 | 8,257 | |||
| Other undisclosed noncurrent assets | 0 | (0) | 0 | 5,032 | |||||
| Total noncurrent assets: | 38,631 | 38,885 | 40,276 | 42,626 | 42,880 | 44,091 | |||
| TOTAL ASSETS: | 55,661 | 54,888 | 55,899 | 57,287 | 55,941 | 57,491 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,367 | 3,156 | 2,973 | 2,707 | 12,368 | 12,500 | |||
| Accounts payable | 9,930 | 10,499 | |||||||
| Accrued liabilities | 3,367 | 3,156 | 2,973 | 2,707 | 2,438 | 2,000 | |||
| Debt | 1,107 | 1,117 | 1,110 | 1,507 | 1,105 | 1,216 | |||
| Other undisclosed current liabilities | 35,166 | 34,442 | 34,036 | 33,513 | 20,371 | 19,981 | |||
| Total current liabilities: | 39,639 | 38,715 | 38,118 | 37,727 | 33,843 | 33,697 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 647 | 644 | 690 | 1,330 | 1,460 | 1,530 | |||
| Long-term debt, excluding current maturities | 1,461 | 1,431 | 1,354 | 1,330 | 1,460 | 1,530 | |||
| Other undisclosed long-term debt and lease obligation | (814) | (788) | (663) | ||||||
| Liabilities, other than long-term debt | 874 | 881 | 890 | 1,849 | 1,975 | 676 | |||
| Lease deposit liability | 228 | 237 | 200 | ||||||
| Other liabilities | 1,159 | 1,306 | |||||||
| Operating lease, liability | 647 | 644 | 690 | 689 | 668 | 676 | |||
| Other undisclosed noncurrent liabilities | 5,194 | 5,090 | 5,431 | 4,155 | 3,845 | 4,579 | |||
| Total noncurrent liabilities: | 6,716 | 6,615 | 7,011 | 7,333 | 7,279 | 6,784 | |||
| Other undisclosed liabilities | (0) | (0) | |||||||
| Total liabilities: | 46,355 | 45,329 | 45,130 | 45,061 | 41,122 | 40,481 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (39,867) | (39,704) | (39,031) | 12,226 | (37,066) | (35,605) | |||
| Common stock | 14 | 14 | 14 | 14 | 14 | 14 | |||
| Accumulated other comprehensive loss | (1,721) | ||||||||
| Accumulated deficit | (38,209) | (37,948) | (37,264) | (36,485) | (35,359) | (33,916) | |||
| Other undisclosed equity, attributable to parent | (1,672) | (1,770) | (1,782) | 48,697 | (1,703) | ||||
| Equity, attributable to noncontrolling interest | 49,160 | 49,263 | 49,801 | 51,884 | 52,616 | ||||
| Other undisclosed equity | 14 | 0 | (0) | ||||||
| Total equity: | 9,307 | 9,559 | 10,770 | 12,226 | 14,819 | 17,010 | |||
| Other undisclosed liabilities and equity | 0 | (0) | (0) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 55,661 | 54,888 | 55,899 | 57,287 | 55,941 | 57,491 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,017 | 4,563 | 3,702 | 3,130 | 2,197 | 2,818 | ||
| Other income | 3,067 | |||||||
| Cost of revenue | (5,356) | (4,068) | (2,258) | (2,568) | (3,234) | |||
| Cost of product and service sold | (4,647) | (3,582) | (2,184) | (2,643) | ||||
| Other cost of operating revenue | (709) | (486) | (384) | (592) | ||||
| Gross profit: | (339) | 4,563 | (366) | 872 | (371) | (417) | ||
| Operating expenses | (744) | (710) | (778) | (853) | (1,111) | (697) | ||
| Other operating income (expense), net | (16) | (98) | (4) | (1,627) | (90) | 948 | ||
| Other expenses | (16) | (98) | (4) | |||||
| Other undisclosed operating loss | (0) | (4,676) | (0) | (1,305) | (1,896) | |||
| Operating loss: | (1,099) | (921) | (1,148) | (2,912) | (1,572) | (2,062) | ||
| Nonoperating income | 1,187 | 233 | 266 | 4,460 | ||||
| Other nonoperating income | 1,187 | 233 | 266 | |||||
| Interest and debt expense | (783) | (461) | (484) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 88 | (689) | (882) | 765 | (2,033) | (2,546) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (446) | (493) | (493) | (2,807) | (275) | 3,067 | ||
| Income (loss) from continuing operations before income taxes: | (358) | (1,181) | (1,376) | (2,043) | (2,308) | 521 | ||
| Income tax expense (benefit) | (98) | (50) | (45) | (228) | (4) | (42) | ||
| Other undisclosed loss from continuing operations | ||||||||
| Income (loss) from continuing operations: | (456) | (1,232) | (1,421) | (2,271) | (2,312) | 479 | ||
| Other undisclosed net income | 0 | 153 | 9 | |||||
| Net income (loss): | (456) | (1,232) | (1,421) | (2,118) | (2,304) | 479 | ||
| Net income (loss) attributable to noncontrolling interest | 685 | (642) | ||||||
| Other undisclosed net income (loss) attributable to parent | 195 | (685) | 642 | |||||
| Net income (loss) attributable to parent: | (261) | (1,232) | (1,421) | (2,118) | (2,304) | 479 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (195) | |||||||
| Net income (loss) available to common stockholders, diluted: | (456) | (1,232) | (1,421) | (2,118) | (2,304) | 479 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (456) | (1,232) | (1,421) | (2,118) | (2,304) | 479 | ||
| Net income attributable to redeemable noncontrolling interest | 685 | ✕ | ✕ | ✕ | ||||
| Other comprehensive income (loss) | 203 | 21 | (35) | (51) | 112 | (265) | ||
| Comprehensive income (loss): | (252) | (1,211) | (1,457) | (2,169) | (2,191) | 214 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,211 | (642) | (5,520) | 977 | (214) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,211) | 642 | 5,520 | (977) | 214 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (252) | (1,211) | (1,457) | (2,169) | (2,191) | 214 | ||
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.