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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 32 | 94 | 155 | 762 | 1,060 | 6,064 | |||
Cash and cash equivalents | 1 | 94 | 155 | 113 | 60 | 1,864 | |||
Short-term investments | 31 | 649 | 1,000 | 4,200 | |||||
Receivables | 46 | 198 | 89 | 152 | |||||
Inventory, net of allowances, customer advances and progress billings | 12 | ||||||||
Inventory | 12 | ||||||||
Prepaid expense | 16 | ||||||||
Asset, held-in-trust | 113 | 403 | |||||||
Disposal group, including discontinued operation | 3,750 | ||||||||
Other undisclosed current assets | (0) | 67 | |||||||
Total current assets: | 78 | 371 | 4,018 | 1,165 | 1,149 | 6,232 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 118 | 238 | |||||||
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: | 4,118 | 18,314 | |||||||
TOTAL ASSETS: | 78 | 371 | 4,018 | 1,165 | 5,266 | 24,546 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 5,373 | 6,241 | 6,896 | 3,354 | 2,966 | 2,338 | |||
Interest and dividends payable | ✕ | ✕ | ✕ | 17 | |||||
Accounts payable | 774 | 1,531 | 1,110 | 1,046 | |||||
Accrued liabilities | 499 | 1,513 | 3,033 | 182 | |||||
Other undisclosed accounts payable and accrued liabilities | 4,099 | 3,197 | 2,736 | 2,126 | 2,966 | 2,338 | |||
Deferred revenue | 41 | ✕ | |||||||
Debt | 11,330 | 41 | 2,612 | 2,742 | 5,924 | 2,699 | |||
Derivative instruments and hedges, liabilities | 14,116 | 1,714 | 10,192 | 5,262 | 3,834 | ||||
Other liabilities | 94 | ||||||||
Due to related parties | ✕ | ✕ | 2,443 | 411 | 846 | 702 | |||
Other undisclosed current liabilities | 1,041 | 10,761 | 10,263 | 17,106 | 3,245 | 456 | |||
Total current liabilities: | 31,860 | 18,893 | 32,407 | 28,875 | 12,979 | 10,029 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 329 | 309 | 373 | 148 | 11,000 | ||||
Long-term debt, excluding current maturities | 329 | 309 | 373 | 148 | 11,000 | ||||
Total noncurrent liabilities: | 329 | 309 | 373 | 148 | 11,000 | ||||
Total liabilities: | 32,188 | 19,202 | 32,780 | 29,023 | 23,979 | 10,029 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (31,074) | (18,831) | (28,762) | (27,858) | (18,713) | 14,516 | |||
Common stock | 103 | 15 | 0 | 7 | 4 | 4 | |||
Treasury stock, value | (11) | (643) | (643) | (643) | (643) | (643) | |||
Additional paid in capital | 293,070 | 288,665 | 284,073 | 251,040 | 242,192 | 81,307 | |||
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: | 78 | 371 | 4,018 | 1,165 | 5,266 | 24,546 |
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 | ||
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Revenues | 287 | 1,198 | 180 | 180 | 19,277 | 51,570 | ||
Revenue from related parties | ✕ | ✕ | 180 | 180 | 180 | 180 | ||
Other income | 287 | 238 | ||||||
Cost of revenue | (818) | (18,260) | (49,677) | |||||
Cost of goods and services sold | (818) | |||||||
Gross profit: | 287 | 380 | 180 | 180 | 1,017 | 1,893 | ||
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 | 11,667 | 2,038 | 2,265 | 2,996 | ||||
Interest and debt expense | 315 | 50 | (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) | 13,777 | 2,950 | (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 | 985 | 901 | ||||||
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 interest | 11 | |||||||
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 | ||
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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 interest | 11 | |||||||
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.