GBT Technologies Inc. (GTCH) Financial Statements (2025 and earlier)

Company Profile

Business Address 2500 BROADWAY SUITE F125
SANTA MONICA, CA 90404
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32941557621,0606,064
Cash and cash equivalents194155113601,864
Short-term investments31  6491,0004,200
Receivables46198  89152
Inventory, net of allowances, customer advances and progress billings  12    
Inventory  12    
Prepaid expense      16
Asset, held-in-trust   113403  
Disposal group, including discontinued operation   3,750   
Other undisclosed current assets (0)67    
Total current assets:783714,0181,1651,1496,232
Noncurrent Assets
Property, plant and equipment     118238
Long-term investments and receivables      14,000
Long-term investments      14,000
Intangible assets, net (including goodwill)      4,076
Goodwill      926
Intangible assets, net (excluding goodwill)      3,150
Other undisclosed noncurrent assets     4,000 
Total noncurrent assets:     4,11818,314
TOTAL ASSETS:783714,0181,1655,26624,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,3736,2416,8963,3542,9662,338
Interest and dividends payable17   
Accounts payable7741,5311,1101,046  
Accrued liabilities 4991,5133,033182  
Other undisclosed accounts payable and accrued liabilities4,0993,1972,7362,1262,9662,338
Deferred revenue  41   
Debt11,330412,6122,7425,9242,699
Derivative instruments and hedges, liabilities14,1161,71410,1925,262 3,834
Other liabilities  94    
Due to related parties 2,443411846702
Other undisclosed current liabilities1,04110,76110,26317,1063,245456
Total current liabilities:31,86018,89332,40728,87512,97910,029
Noncurrent Liabilities
Long-term debt and lease obligation32930937314811,000 
Long-term debt, excluding current maturities32930937314811,000 
Total noncurrent liabilities:32930937314811,000 
Total liabilities:32,18819,20232,78029,02323,97910,029
Equity
Equity, attributable to parent, including:(31,074)(18,831)(28,762)(27,858)(18,713)14,516
Common stock103150744
Treasury stock, value(11)(643)(643)(643)(643)(643)
Additional paid in capital293,070288,665284,073251,040242,19281,307
Accumulated deficit(315,993)(299,258)(304,582)(270,651)(252,656)(66,151)
Other undisclosed equity, attributable to parent(8,242)(7,610)(7,610)(7,610)(7,610) 
Equity, attributable to noncontrolling interest(1,036)     
Other undisclosed equity      
Total equity:(32,110)(18,831)(28,762)(27,858)(18,713)14,516
TOTAL LIABILITIES AND EQUITY:783714,0181,1655,26624,546

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2871,19818018019,27751,570
Revenue from related parties 180180180180
Other income 287238    
Cost of revenue  (818)  (18,260)(49,677)
Cost of goods and services sold  (818)    
Gross profit: 2873801801801,0171,893
Operating expenses(1,740)(3,178)(18,656)(7,953)(178,068)(47,698)
Other undisclosed operating loss (287)     
Operating loss:(1,740)(2,798)(18,476)(7,773)(177,051)(45,806)
Nonoperating income (expense)(15,993)8,122(15,455)(11,207)(10,355)(5,964)
Debt instrument, convertible, beneficial conversion feature   11,6672,0382,2652,996
Interest and debt expense31550(13,777)(2,950)1,376(5,809)
Income (loss) from continuing operations before equity method investments, income taxes:(17,418)5,374(47,708)(21,930)(186,030)(57,579)
Other undisclosed income (loss) from continuing operations before income taxes(315)(50)13,7772,950(1,376)5,809
Income (loss) from continuing operations:(17,733)5,324(33,930)(18,980)(187,406)(51,770)
Loss before gain (loss) on sale of properties:(33,930)(17,995)(186,505)(51,770)
Income from discontinued operations    985901 
Other undisclosed net loss (38)     
Net income (loss):(17,772)5,324(33,930)(17,995)(186,505)(51,770)
Net income attributable to noncontrolling interest11     
Other undisclosed net loss attributable to parent      
Net income (loss) attributable to parent:(17,760)5,324(33,930)(17,995)(186,505)(51,770)
Other undisclosed net loss available to common stockholders, basic(11)     
Net income (loss) available to common stockholders, diluted:(17,772)5,324(33,930)(17,995)(186,505)(51,770)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(17,772)5,324(33,930)(17,995)(186,505)(51,770)
Comprehensive income (loss):(17,772)5,324(33,930)(17,995)(186,505)(51,770)
Comprehensive income, net of tax, attributable to noncontrolling interest11     
Comprehensive income (loss), net of tax, attributable to parent:(17,760)5,324(33,930)(17,995)(186,505)(51,770)

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.

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