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
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8774,0404,3073,356339455
Cash and cash equivalents2,8504,0124,2673,320281355
Short-term investments2728403658100
Receivables      
Other undisclosed current assets      
Total current assets:2,8774,0404,3073,356339455
Noncurrent Assets
Property, plant and equipment  01111
Other noncurrent assets 14,99014,99014,99014,99015,05815,058
Other undisclosed noncurrent assets (0)(0)(0)(0)  
Total noncurrent assets: 14,99014,99114,99114,99115,05915,059
TOTAL ASSETS:17,86719,03019,29818,34715,39815,514
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  963961953936654
Accrued liabilities  437427417  
Other undisclosed accounts payable and accrued liabilities  526534536936654
Debt18018018080  
Other liabilities  1,075   
Other undisclosed current liabilities2,6464,6213,1173,0192,8632,601
Total current liabilities:2,8265,7655,3334,0523,7993,255
Noncurrent Liabilities
Long-term debt and lease obligation4,7884,7884,7884,7884,7884,842
Long-term debt, excluding current maturities4,7884,7884,7884,7884,7884,842
Total noncurrent liabilities:4,7884,7884,7884,7884,7884,842
Other undisclosed liabilities (0)     
Total liabilities:7,61410,55310,1218,8408,5878,097
Equity
Equity, attributable to parent10,2538,4779,1779,5076,8117,417
Preferred stock000000
Common stock348346310262258257
Additional paid in capital337,647335,881329,185256,976244,704243,503
Accumulated deficit(327,742)(327,749)(320,318)(247,731)(238,151)(236,344)
Other undisclosed equity      0
Total equity:10,2538,4779,1779,5076,8117,417
TOTAL LIABILITIES AND EQUITY:17,86719,03019,29818,34715,39815,514

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues
(Gain (Loss) on Disposition of Assets for Financial Service Operations)
   50(18) 22
Cost of revenue
(Cost of Goods and Services Sold)
   (3)   
Other undisclosed gross profit    1  
Gross profit:   47(16) 22
Operating expenses(2,083)(7,405)(72,627)(9,515)(1,479)(981)
Other undisclosed operating income (loss)   (47)16 (22)
Operating loss:(2,083)(7,405)(72,627)(9,515)(1,479)(981)
Nonoperating income (expense)2,090(26)40(65)(329)4
Interest and debt expense(2)(14)(14)(25)(12)(12)
Income (loss) from continuing operations before equity method investments, income taxes:5(7,445)(72,601)(9,605)(1,820)(990)
Other undisclosed income from continuing operations before income taxes21414251212
Income (loss) from continuing operations:7(7,431)(72,587)(9,580)(1,808)(978)
Loss before gain (loss) on sale of properties:(1,808)(978)
Net income (loss) available to common stockholders, diluted:7(7,431)(72,587)(9,580)(1,808)(978)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):7(7,431)(72,587)(9,580)(1,808)(978)
Comprehensive income (loss), net of tax, attributable to parent:7(7,431)(72,587)(9,580)(1,808)(978)

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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