Global Gas Corp
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 14, 2025
HGAS$0.060.0%Stored close · as of Jul 8, 2026
Contents
Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, · December 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Unaudited | |||
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $48,307 | $114,146 | |
| Deposit | - | 144,000 | |
| Prepaid expenses and other receivables | 10,680 | 6,583 | |
| Total Current Assets | 58,987 | 264,729 | |
| TOTAL ASSETS | $58,987 | $264,729 | |
| Liabilities and stockholders’ deficit | |||
| Current liabilities | |||
| Accounts payable – related party | $ | - | $124,867 |
| Accounts payable and accrued expenses | 92,507 | 75,209 | |
| Deferred Revenue | - | 207,436 | |
| Advances – related party | - | 2,207 | |
| Convertible promissory notes – related parties | 273,950 | 273,950 | |
| Total Current Liabilities | 366,457 | 683,669 | |
| Derivative warrant liabilities | 35,040 | 26,950 | |
| TOTAL LIABILITIES | 401,497 | 710,619 | |
| Commitments and contingencies | |||
| Stockholders’ deficit | |||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 0 shares issued or outstanding as of September 30, 2025 and December 31, 2024 | - | - | |
| Class A common stock, $0.0001 par value; 380,000,000 shares authorized; 7,478,256 and 6,478,256 shares issued or outstanding as of September 30, 2025 and December 31, 2024, respectively | 748 | 648 | |
| Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 0 and 2,700,000 shares issued or outstanding as September 30, 2025 and December 31, 2024, respectively | - | 270 | |
| Additional paid-in capital | 125,394 | - | |
| Accumulated deficit | (468,652) | (446,808) | |
| Total stockholders’ deficit | (342,510) | (445,890) | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $58,987 | $264,729 | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| For the Three Months Ended · For the Nine Months Ended | |||||||
|---|---|---|---|---|---|---|---|
| September 30, · September 30, | |||||||
| 2025 · 2024 · 2025 · 2024 | |||||||
| Revenues | $ | - | $ | - | $33,012 | $ | - |
| Operating Expenses: | |||||||
| General and administrative | 142,286 | 121,207 | 240,217 | 269,461 | |||
| Loss from operations | (142,286) | (121,207) | (207,205) | (269,461) | |||
| Other income, net: | |||||||
| Other income | - | - | 202,173 | - | |||
| Interest income | 739 | 2,643 | 2,498 | 15,118 | |||
| Interest expense | (3,453) | - | (11,220) | - | |||
| Change in fair value of derivative warrant liabilities | (16,170) | (5,390) | (8,090) | 357,080 | |||
| Total other income, net | (18,884) | (2,747) | 185,361 | 372,198 | |||
| Net Income/(loss) | $(161,170) | $(123,954) | $(21,844) | $102,737 | |||
| Weighted average number of Class A common stock outstanding, basic and diluted | 6,950,783 | 5,428,256 | 6,635,765 | 5,428,256 | |||
| Net income per Class A common stock, basic and diluted | $(0.02) | $(0.02) | $(0.00) | $0.01 | |||
| Weighted average number of Class B common stock outstanding, basic and diluted | 1,453,846 | 2,700,000 | 2,284,615 | 3,073,723 | |||
| Net income per Class B common stock, basic and diluted | $(0.02) | $(0.02) | $(0.00) | $0.01 | |||
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025
| Common Stock · Additional · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B · Paid-in · Accumulated · Stockholders’ | ||||||||||
| Shares · Amount · Shares · Amount · Capital · Deficit · Deficit | ||||||||||
| Balance – December 31, 2024 | 6,478,256 | $648 | 2,700,000 | $270 | $ | - | $(446,808) | $(445,890) | ||
| Stock based compensation | - | - | - | - | 6,526 | - | 6,526 | |||
| Net loss | - | - | - | - | - | (28,542) | (28,542) | |||
| Balance – March 31, 2025 | 6,478,256 | 648 | 2,700,000 | 270 | 6,526 | (475,350) | (467,906) | |||
| Stock based compensation | - | - | - | - | 6,598 | - | 6,598 | |||
| Net income | - | - | - | - | - | 167,868 | 167,868 | |||
| Balance – June 30, 2025 | 6,478,256 | 648 | 2,700,000 | 270 | 13,124 | (307,482) | (293,440) | |||
| Forfeiture of Class B common stock | - | - | (2,700,000) | (270) | 270 | - | - | |||
| Stock based compensation | 1,000,000 | 100 | - | - | 112,000 | - | 112,100 | |||
| Net income | - | - | - | - | - | (161,170) | (161,170) | |||
| Balance – September 30, 2025 | 7,478,256 | $748 | $ | - | $ | - | $125,394 | $(468,652) | $(342,510) | |
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024
| Common Stock · Additional · Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| Class A · Class B · Subscription · Paid-in · Accumulated · Stockholders’ | ||||||||
| Shares | Amount | Shares | Amount | Receivable | Capital | Deficit | Deficit | |
| Balance – December 31, 2023 | 5,428,256 | $543 | 4,300,000 | $430 | $(2,608,141) | $2,172,674 | $(300,176) | $(734,670) |
| Forfeiture of Class B common stock | - | - | (1,600,000) | (160) | - | 160 | - | - |
| Proceeds from forward purchase agreement shares | - | - | - | - | 125,000 | - | - | 125,000 |
| Net loss | - | - | - | - | - | - | (178,743) | (178,743) |
| Balance – March 31, 2024 | 5,428,256 | 543 | 2,700,000 | 270 | (2,483,141) | 2,172,834 | (478,919) | (788,413) |
| Proceeds from forward purchase agreement shares | - | - | - | - | 150,000 | - | - | 150,000 |
| Net income | - | - | - | - | - | - | 405,434 | 405,434 |
| Balance – June 30, 2024 | 5,428,256 | 543 | 2,700,000 | 270 | (2,333,141) | 2,172,834 | (73,485) | (232,979) |
| Net Loss | - | - | - | - | - | - | (123,954) | (123,954) |
| Balance – September 30, 2024 | 5,428,256 | $543 | 2,700,000 | $270 | $(2,333,141) | $2,172,834 | $(197,439) | $(356,933) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.