Global Interactive Technologies, Inc.
For the period ended Dec 31, 2024. Filed Apr 30, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 30, 2025
GITS$1.53-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations
GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Sales | $— | $— |
| Cost of Revenue | — | — |
| Gross profit | — | — |
| Operating cost and expenses | (888,363) | (2,005,925) |
| Loss from operations | (888,363) | (2,005,925) |
| OTHER INCOME (EXPENSE): | ||
| Impairment loss on intangible assets | (94,264) | — |
| Gain on disposal of subsidiary | 12,400,373 | — |
| Loss on disposal of tangible assets | (23,937) | — |
| Interest income (expense), net | (1,181) | 32 |
| Gain on foreign currency transactions | 3,617 | 154,561 |
| Bad-debt expense of other assets | (16,179,823) | — |
| Other expense, net | (73) | — |
| Net other (expense)/ income | (3,895,288) | 154,593 |
| Net Loss from continuing operations before taxes | (4,783,651) | (1,851,332) |
| Income tax expense | — | — |
| Net loss from continuing operations | (4,783,651) | (1,851,332) |
| Discontinued operations: | ||
| Loss from discontinued operations | (1,388,318) | (7,556,303) |
| Income tax benefit | — | — |
| Loss from discontinued operation | (1,388,318) | (7,556,303) |
| Net Loss | (6,171,969) | (9,407,635) |
| Less net loss attributable to non-controlling interest | — | (121,725) |
| Net Loss attributable to equity holders of the Company | (6,171,969) | (9,285,910) |
| Net Loss | (6,171,969) | (9,407,635) |
| Basic net loss per share: | ||
| Loss from continuing operations | (1.81) | (0.73) |
| Loss from discontinued operations | (0.53) | (2.99) |
| Total basic net loss per share | (2.34) | (3.68) |
| Diluted net loss per share | ||
| Loss from continuing operations | (1.81) | (0.73) |
| Loss from discontinued operations | (0.53) | (2.99) |
| Total diluted net loss per share | (2.34) | (3.68) |
| Weighted average number of common shares outstanding: | ||
| Basic and Diluted | 2,640,429 | 2,525,171 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.