Global Tech Industries Group, Inc. (GTII) Financial Statements (2024 and earlier)

Company Profile

Business Address 511 SIXTH AVENUE, SUITE 800
NEW YORK, NY 10011
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 8741 - Management Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3565223345139297
Cash and cash equivalents3,320359218121
Short-term investments361633144131176
Receivables 79    
Inventory, net of allowances, customer advances and progress billings  291    
Inventory  291    
Prepaid expense   222   
Other undisclosed current assets      
Total current assets:3,35689225645139297
Noncurrent Assets
Operating lease, right-of-use asset  834  
Property, plant and equipment 11133  0
Long-term investments and receivables     52 
Long-term investments     52 
Other noncurrent assets 14,9903,959    
Other undisclosed noncurrent assets (0)     
Total noncurrent assets: 14,9914,9053 520
TOTAL ASSETS:18,3475,79725945191297
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 9537916117312,4331,666
Interest and dividends payable388358609567482
Accrued liabilities 417     
Other undisclosed accounts payable and accrued liabilities 5364032531221,8661,183
Debt809229462995671,884
Asset retirement obligation     101 
Other liabilities      
Due to related parties  434 355192
Other undisclosed current liabilities3,0192,126421,1812,020712
Total current liabilities:4,0523,8392,0332,2125,4764,454
Noncurrent Liabilities
Long-term debt and lease obligation4,788707    
Long-term debt, excluding current maturities4,788147    
Liabilities, other than long-term debt    3,540  
Due to related parties   3,540  
Operating lease, liability  560  
Other undisclosed noncurrent liabilities  (560)    
Total noncurrent liabilities:4,788707 3,540  
Total liabilities:8,8404,5462,0335,7525,4764,454
Equity
Equity, attributable to parent9,5071,251(1,774)(5,706)(5,286)(4,157)
Preferred stock000000
Common stock262256230205171156
Additional paid in capital256,976235,151168,399161,713160,739158,514
Accumulated other comprehensive income     104149
Accumulated deficit(247,731)(234,156)(170,403)(167,625)(162,886)(160,003)
Unearned esop shares     (3,414)(2,973)
Total equity:9,5071,251(1,774)(5,706)(5,286)(4,157)
TOTAL LIABILITIES AND EQUITY:18,3475,79725945191297

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4249472 92
Gain on disposition of assets for financial service operations4  472 
Other income      92
Cost of revenue
(Cost of Goods and Services Sold)
  (5)    
Gross profit:4199472 92
Operating expenses(13,118)(6,151)(2,573)(1,862)(2,780)(1,622)
Other undisclosed operating loss(4)  (472) (92)
Operating loss:(13,118)(6,132)(2,565)(1,862)(2,780)(1,622)
Nonoperating income (expense)(476)69(214)433(103)(12)
Interest and debt expense(108)(63)(201)(472)(100)(103)
Other undisclosed income from continuing operations before equity method investments, income taxes     100103
Loss from continuing operations before equity method investments, income taxes:(13,701)(6,126)(2,979)(1,901)(2,883)(1,634)
Other undisclosed income from continuing operations before income taxes10863201472  
Loss from continuing operations:(13,593)(6,063)(2,778)(1,429)(2,883)(1,634)
Loss before gain (loss) on sale of properties:(6,063)(2,778)(1,429)(2,883)(1,634)
Net loss available to common stockholders, diluted:(13,593)(6,063)(2,778)(1,429)(2,883)(1,634)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(13,593)(6,063)(2,778)(1,429)(2,883)(1,634)
Comprehensive loss:(13,593)(6,063)(2,778)(1,429)(2,883)(1,634)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (45)61
Comprehensive loss, net of tax, attributable to parent:(13,593)(6,063)(2,778)(1,429)(2,928)(1,573)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: