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
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,356 | 339 | 455 | 486 | 522 | 490 | 415 | ||
| Cash and cash equivalents | 3,320 | 281 | 355 | 350 | 359 | 295 | 35 | ||
| Short-term investments | 36 | 58 | 100 | 136 | 163 | 195 | 380 | ||
| Receivables | 79 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 291 | ||||||||
| Inventory | 291 | ||||||||
| Total current assets: | 3,356 | 339 | 455 | 486 | 892 | 490 | 415 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 834 | ||||||||
| Property, plant and equipment | 1 | 1 | 1 | 1 | 113 | 2 | 2 | ||
| Intangible assets, net (including goodwill) | 4 | 5 | |||||||
| Intangible assets, net (excluding goodwill) | 4 | 5 | |||||||
| Other noncurrent assets | 14,990 | 15,058 | 15,058 | 71 | 3,959 | ||||
| Other undisclosed noncurrent assets | (0) | 68 | 68 | ||||||
| Total noncurrent assets: | 14,991 | 15,059 | 15,059 | 72 | 4,905 | 74 | 75 | ||
| TOTAL ASSETS: | 18,347 | 15,398 | 15,514 | 558 | 5,797 | 564 | 490 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 953 | 936 | 654 | 895 | 791 | 689 | 652 | ||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 388 | 376 | 363 | ||
| Accrued liabilities | 417 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 536 | 936 | 654 | 895 | 403 | 313 | 289 | ||
| Debt | 80 | 972 | 922 | 871 | 871 | ||||
| Due to related parties | 84 | 105 | |||||||
| Other undisclosed current liabilities | 3,019 | 2,863 | 2,601 | 2,130 | 2,126 | 1,587 | 1,069 | ||
| Total current liabilities: | 4,052 | 3,799 | 3,255 | 3,997 | 3,839 | 3,231 | 2,698 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,788 | 4,788 | 4,842 | 707 | |||||
| Long-term debt, excluding current maturities | 4,788 | 4,788 | 4,842 | 147 | |||||
| Operating lease, liability | 560 | ||||||||
| Total noncurrent liabilities: | 4,788 | 4,788 | 4,842 | 707 | |||||
| Total liabilities: | 8,840 | 8,587 | 8,097 | 3,997 | 4,546 | 3,231 | 2,698 | ||
| Equity | |||||||||
| Equity, attributable to parent | 9,507 | 6,811 | 7,417 | (3,439) | 1,251 | (2,667) | (2,208) | ||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Common stock | 262 | 258 | 257 | 256 | 256 | 247 | 245 | ||
| Additional paid in capital | 256,976 | 244,704 | 243,503 | 231,523 | 235,151 | 229,726 | 227,418 | ||
| Accumulated deficit | (247,731) | (238,151) | (236,344) | (235,218) | (234,156) | (232,639) | (229,871) | ||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | 9,507 | 6,811 | 7,417 | (3,439) | 1,251 | (2,667) | (2,208) | ||
| TOTAL LIABILITIES AND EQUITY: | 18,347 | 15,398 | 15,514 | 558 | 5,797 | 564 | 490 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | (18) | 22 | 24 | |||||
| Gain (loss) on disposition of assets for financial service operations | (18) | 22 | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | (1) | |||||||
| Other undisclosed gross profit | 1 | |||||||
| Gross profit: | (16) | 22 | (1) | |||||
| Operating expenses | (9,515) | (1,479) | (981) | (1,143) | (1,489) | (2,567) | (1,370) | |
| Other undisclosed operating income (loss) | 16 | (22) | (2) | 19 | ||||
| Operating loss: | (9,515) | (1,479) | (981) | (1,146) | (1,470) | (2,567) | (1,370) | |
| Nonoperating income (expense) | (65) | (329) | 4 | (86) | (46) | (202) | 268 | |
| Interest and debt expense | (25) | (12) | (12) | (59) | (14) | (17) | (13) | |
| Loss from continuing operations before equity method investments, income taxes: | (9,605) | (1,820) | (990) | (1,290) | (1,531) | (2,785) | (1,115) | |
| Other undisclosed income from continuing operations before income taxes | 25 | 12 | 12 | 62 | 14 | 17 | 13 | |
| Loss from continuing operations: | (9,580) | (1,808) | (978) | (1,228) | (1,516) | (2,769) | (1,102) | |
| Loss before gain (loss) on sale of properties: | ✕ | (1,808) | (978) | (1,228) | (1,516) | (2,769) | (1,102) | |
| Net loss available to common stockholders, diluted: | (9,580) | (1,808) | (978) | (1,228) | (1,516) | (2,769) | (1,102) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,580) | (1,808) | (978) | (1,228) | (1,516) | (2,769) | (1,102) | |
| Comprehensive loss, net of tax, attributable to parent: | (9,580) | (1,808) | (978) | (1,228) | (1,516) | (2,769) | (1,102) | |
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.