Global Tech Industries Group, Inc. (GTII) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 522 | 33 | 45 | 139 | 297 | 156 | ||
| Cash and cash equivalents | 359 | 2 | 1 | 8 | 121 | 41 | ||
| Short-term investments | 163 | 31 | 44 | 131 | 176 | 115 | ||
| Receivables | 79 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 291 | |||||||
| Inventory | 291 | |||||||
| Prepaid expense | 222 | 130 | ||||||
| Total current assets: | 892 | 256 | 45 | 139 | 297 | 286 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 834 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 113 | 3 | 0 | 2 | ||||
| Long-term investments and receivables | 52 | |||||||
| Long-term investments | 52 | |||||||
| Other noncurrent assets | 3,959 | |||||||
| Total noncurrent assets: | 4,905 | 3 | 52 | 0 | 2 | |||
| TOTAL ASSETS: | 5,797 | 259 | 45 | 191 | 297 | 288 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 791 | 611 | 731 | 2,433 | 1,666 | 860 | ||
| Interest and dividends payable | 388 | 358 | 609 | 567 | 482 | 396 | ||
| Other undisclosed accounts payable and accrued liabilities | 403 | 253 | 122 | 1,866 | 1,183 | 465 | ||
| Debt | 922 | 946 | 299 | 567 | 1,884 | 396 | ||
| Asset retirement obligation | 101 | |||||||
| Due to related parties | 434 | 355 | 192 | 135 | ||||
| Other undisclosed current liabilities | 2,126 | 42 | 1,181 | 2,020 | 712 | 1,923 | ||
| Total current liabilities: | 3,839 | 2,033 | 2,212 | 5,476 | 4,454 | 3,315 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 707 | |||||||
| Long-term debt, excluding current maturities | 147 | |||||||
| Operating lease, liability | 560 | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 3,540 | |||||||
| Due to related parties | 3,540 | |||||||
| Other undisclosed noncurrent liabilities | (560) | |||||||
| Total noncurrent liabilities: | 707 | 3,540 | ||||||
| Total liabilities: | 4,546 | 2,033 | 5,752 | 5,476 | 4,454 | 3,315 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 1,251 | (1,774) | (5,706) | (5,286) | (4,157) | (3,026) | ||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Common stock | 256 | 230 | 205 | 171 | 156 | 125 | ||
| Additional paid in capital | 235,151 | 168,399 | 161,713 | 160,739 | 158,514 | 158,006 | ||
| Accumulated other comprehensive income | 104 | 149 | 88 | |||||
| Accumulated deficit | (234,156) | (170,403) | (167,625) | (162,886) | (160,003) | (158,369) | ||
| Unearned esop shares | (3,414) | (2,973) | (2,876) | |||||
| Total stockholders' equity: | 1,251 | (1,774) | (5,706) | (5,286) | (4,157) | (3,026) | ||
| TOTAL LIABILITIES AND EQUITY: | 5,797 | 259 | 45 | 191 | 297 | 288 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 24 | 9 | 472 | 92 | |||
| Gain on disposition of assets for financial service operations | 472 | ✕ | ✕ | ||||
| Other income | 92 | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | (5) | (0) | |||||
| Gross profit: | 19 | 9 | 472 | 92 | (0) | ||
| Operating expenses | (6,151) | (2,573) | (1,862) | (2,780) | (1,622) | (7,997) | |
| Other undisclosed operating income (loss) | (472) | (92) | 30 | ||||
| Operating loss: | (6,132) | (2,565) | (1,862) | (2,780) | (1,622) | (7,967) | |
| Nonoperating income (expense) | 69 | (214) | 433 | (103) | (12) | (107) | |
| Interest and debt expense | (63) | (201) | (472) | (100) | (103) | (100) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 100 | 103 | 100 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (6,126) | (2,979) | (1,901) | (2,883) | (1,634) | (8,074) | |
| Other undisclosed income from continuing operations before income taxes | 63 | 201 | 472 | ||||
| Net loss available to common stockholders, diluted: | (6,063) | (2,778) | (1,429) | (2,883) | (1,634) | (8,074) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (6,063) | (2,778) | (1,429) | (2,883) | (1,634) | (8,074) | |
| Comprehensive loss: | (6,063) | (2,778) | (1,429) | (2,883) | (1,634) | (8,074) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (45) | 61 | 11 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (6,063) | (2,778) | (1,429) | (2,928) | (1,573) | (8,063) | |
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.