Global Tech Industries Group, Inc. (GTII) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
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 334513929741
Cash and cash equivalents 21812141
Short-term investments 3144131176 
Prepaid expense 222   130
Other undisclosed current assets     115
Total current assets: 25645139297286
Noncurrent Assets
Property, plant and equipment 3  02
Long-term investments and receivables   52  
Long-term investments   52  
Total noncurrent assets: 3 5202
TOTAL ASSETS: 25945191297288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 6117312,4331,666860
Interest and dividends payable 358609567482396
Other undisclosed accounts payable and accrued liabilities 2531221,8661,183465
Debt 9462995671,884396
Asset retirement obligation   101  
Due to related parties 434 355192135
Other undisclosed current liabilities 421,1812,0207121,923
Total current liabilities: 2,0332,2125,4764,4543,315
Noncurrent Liabilities
Liabilities, other than long-term debt  3,540   
Due to related parties  3,540   
Total noncurrent liabilities:  3,540   
Total liabilities: 2,0335,7525,4764,4543,315
Stockholders' equity
Stockholders' equity attributable to parent (1,774)(5,706)(5,286)(4,157)(3,026)
Preferred stock 00000
Common stock 230205171156125
Additional paid in capital 168,399161,713160,739158,514158,006
Accumulated other comprehensive income   10414988
Accumulated deficit (170,403)(167,625)(162,886)(160,003)(158,369)
Unearned esop shares   (3,414)(2,973)(2,876)
Total stockholders' equity: (1,774)(5,706)(5,286)(4,157)(3,026)
TOTAL LIABILITIES AND EQUITY: 25945191297288

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 9472 92 
Gain on disposition of assets for financial service operations  472 
Other income    92 
Cost of revenue
(Cost of Goods and Services Sold)
     (0)
Gross profit: 9472 92(0)
Operating expenses (2,573)(1,862)(2,780)(1,622)(7,997)
Other undisclosed operating income (loss)  (472) (92)30
Operating loss: (2,565)(1,862)(2,780)(1,622)(7,967)
Nonoperating income (expense) (214)433(103)(12)(107)
Interest and debt expense (201)(472)(100)(103)(100)
Other undisclosed income from continuing operations before equity method investments, income taxes   100103100
Loss from continuing operations before equity method investments, income taxes: (2,979)(1,901)(2,883)(1,634)(8,074)
Other undisclosed income from continuing operations before income taxes 201472   
Net loss available to common stockholders, diluted: (2,778)(1,429)(2,883)(1,634)(8,074)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (2,778)(1,429)(2,883)(1,634)(8,074)
Comprehensive loss: (2,778)(1,429)(2,883)(1,634)(8,074)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (45)6111
Comprehensive loss, net of tax, attributable to parent: (2,778)(1,429)(2,928)(1,573)(8,063)

Statements sources

The financial statements are based on the company's filings with the 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: