Global Gas Corp
For the period ended Mar 31, 2025. Filed May 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
HGAS$0.060.0%Stored close · as of Jul 8, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Unaudited | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $74,026 | $114,146 |
| Deposit | — | 144,000 |
| Prepaid expenses and other receivables | 2,600 | 6,583 |
| Total Current Assets | 76,626 | 264,729 |
| TOTAL ASSETS | $76,626 | $264,729 |
| Liabilities and stockholders’ deficit | ||
| Current liabilities | ||
| Accounts payable – related party | $124,867 | $124,867 |
| Accounts payable and accrued expenses | 121,305 | 75,209 |
| Deferred Revenue | — | 207,436 |
| Advances – related party | 1,500 | 2,207 |
| Convertible promissory notes – related parties | 273,950 | 273,950 |
| Total Current Liabilities | 521,622 | 683,669 |
| Derivative warrant liabilities | 22,910 | 26,950 |
| TOTAL LIABILITIES | 544,532 | 710,619 |
| Commitments and contingencies | ||
| Stockholders’ deficit | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; zero shares issued or outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value; 380,000,000 shares authorized; 6,478,256 shares issued or outstanding as of March 31, 2025 and December 31, 2024 | 648 | 648 |
| Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 2,700,000 shares issued or outstanding as March 31, 2025 and December 31, 2024 | 270 | 270 |
| Additional paid-in capital | 6,526 | — |
| Accumulated deficit | (475,350) | (446,808) |
| Total stockholders’ deficit | (467,906) | (445,890) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $76,626 | $264,729 |
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