GLOBAL TECHNOLOGIES LTD
For the period ended Mar 31, 2024. Filed May 14, 2024.
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.
Mar 31, 2024 · Filed May 14, 2024
GTLLStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2023-12-31; filed 2024-02-06.
0001493152-24-005124
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-03-31; filed 2024-05-14.
0001493152-24-019084
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 101 previous paragraphs and 84 current paragraphs.
45 unchanged; 20 reworded; 19 added; 36 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 3 previous and 5 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (19)
Current report
Global Technologies, Ltd (“Global”) is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders.
Current report
Our wholly owned operating subsidiaries:
Current report
10 Fold Services, LLC (“10 Fold Services”) was formed as a Wyoming limited liability company on November 22, 2023. 10 Fold Services is a strategic consulting and procurement agency specializing in go-to-market planning and execution for companies in the health and wellness industries. Leveraging an “automation-first” approach, the Company skillfully combines internal and external resources to ensure cost-effective and impactful market introductions. As a versatile entity that acts as a service provider, SaaS company, and outsourced sales force, 10 Fold Services is committed to delivering tailored solutions that enable businesses to achieve significant market presence and sustainable growth.
Current report
One of 10 Fold Services’ initial clients operates in the medical sector, focusing on weight loss and fitness. Through a strategic blend of cutting-edge technologies and traditional sales techniques, 10 Fold Services has successfully assisted this client in penetrating the market effectively. This approach not only facilitated initial market entry, but also set a robust foundation for ongoing growth and expansion in a competitive industry. 10 Fold Services plans to maintain and deepen this relationship, using the insights gained to assist other clients with similar products in achieving comparable success.
Current report
In addition to its consulting and sales efforts, 10 Fold Services is also amassing a valuable cache of underlying customer data, which holds potential for future marketing campaigns and strategic decision-making. This data is being collected with an eye towards both internal improvements and external market opportunities, enhancing the Company’s ability to advise and support clients with data-driven insights. With this expanding database, 10 Fold Services is well-positioned to optimize marketing strategies and refine sales tactics for itself and its clients, further solidifying its role as a leader in strategic consulting for the health and wellness sector.
Current report
Additional information about 10 Fold Services can be found at www.10fold.services.
Current report
About GOe3, LLC
Current report
GOe3, LLC (“GOe3”) was formed as an Arizona limited liability company on February 12, 2000 and acquired in a Share Exchange Agreement on March 15, 2024. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.
Current report
The GoE3 Platform includes:
Current report
Highlights:
Current report
On June 8, 2023, GOe3, LLC (“GOe3”) entered into an Earnest Money Agreement (the “Agreement”) with an independent third-party for the purchase of 1,000 GOe3 home bidirectional chargers with active grid sensing and up to 1,000 workplace charger stations by the EV infrastructure bill. The Agreement is valued at $10,000,000.
Current report
GOe3 recently completed phase one of its General Services Administration registration and is dedicated in becoming a multiple awards schedule holderin order that they may be awarded contracts through the latest Clean Energy Infrastructure bill, grants, and tax credits that GOE3 is uniquely qualified to supply. The completion of GOe3’s phase one registration was a pivotal component to the initiation and buildout of the chargers to be supplied under the Agreement.
Current report
Additional information about GOe3 can be found at www.goe3.com. Pleasesee NOTE E – ACQUISITION OF GOe3, LLC for further information.
Current report
We currently generate revenue through our wholly owned subsidiary, 10 Fold Services, by facilitating sales introductions between customers and suppliers in the health and wellness sector. Utilizing an “automation-first” approach, 10 Fold Services specializes in strategic consulting and procurement, helping companies craft and execute effective go-to-market strategies.
Current report
Selling, general and administrative expenses were $62,981 and $4,497 for the three months ended March 31, 2024 and 2023, respectively, representing an increase of $58,484, or 1,300.51%. The increase in selling, general and administrative expenses is largely attributable to the payment of property taxes on the Company’s commercial property. Total operating expenses were $113,257 and $46,295 for the three months ended March 31, 2024 and 2023, respectively, representing an increase of $66,962, or 144.64%.
Current report
Nine months ended March 31, 2024 compared to nine months ended March 31, 2023
Current report
Selling, general and administrative expenses were $122,236 and $17,166 for the nine months ended March 31, 2024 and 2023, respectively, representing an increase of $105,070, or 612.08%. The increase in selling, general and administrative expenses is largely attributable to the payment of property taxes on the Company’s commercial property. Total operating expenses were $501,650 and $423,827 for the nine months ended March 31, 2024 and 2023, respectively, representing an increase of $77,823, or 18.36%.
Current report
Known Trends, Events, Uncertainties and Factors That May Affect Future Operations
Current report
The impact of general economic conditions, actual and projected, including inflation, rising interest rates, lower consumer confidence, volatile capital markets, supply chain disruptions, uncertainty and volatility in the financial services sector and the impact of the Hamas-Israel and Russia-Ukraine conflicts, and government and business responses thereto, on the global economy and regional economies.
Removed paragraphs (36)
Previous report
Global Technologies, Ltd (“Global”) is a company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.
Previous report
GOe3, LLC Acquisition
Previous report
On December 28, 2023, Global Technologies, Ltd (the “Company”) entered into a Letter of Intent (the “LOI”) to acquire GOe3, LLC (“GOe3”).
Previous report
The LOI sets forth the proposed terms and conditions pursuant to which the Company and GOe3 intend to effect a business combination, as a result of which GOe3 will conduct business as a wholly-owned subsidiary of the Company (“Proposed Transaction”).
Previous report
The Company anticipates that the Proposed Transaction will be structured as a share-for-share exchange, with the Company’s shareholders retaining 30% and GOe3 receiving 70% of the combined Company. The Company will designate a new preferred stock to issue to the GOe3 members in exchange for the membership units.
Previous report
At Closing, Bruce Brimacombe will be named the Company’s President and appointed to the Company’s Board of Directors. Promptly following the closing, the Company will adopt a plan to apply for an uplist to a national exchange or the NASDAQ.
Previous report
The Proposed Transaction has been approved by the Board of Directors of the Company and the Managing Members of GOe3 and is expected to close in the first quarter of CY 2024. The Transaction will be considered a “reverse merger” because the members of GOe3 will own more than a majority of the outstanding common stock of the Company following completion of the Proposed Transaction. In addition, the closing of the Proposed Transaction is subject to satisfaction of the following conditions: (i) satisfactory completion of due diligence review by both parties, (ii) the negotiation, execution and delivery of definitive agreements, (iii) satisfactory completion of an audit of GOe3’s financial statements, and (iv) approval by both the Company’s shareholders, limited partners of GOe3, as well as other customary closing conditions.
Previous report
Both parties are restricted from engaging in discussions with other parties about an acquisition or similar transaction. Upon execution of a definitive agreement, the Company will file a Current Report on form 8-K with more details regarding the Proposed Transaction, including the capitalization of the Company upon the closing of the Proposed Transaction.
Previous report
There can be no assurance that the Proposed Transaction will be completed as currently contemplated, or at all.
Previous report
Our wholly owned subsidiaries:
Previous report
About TCBM Holdings, LLC
Previous report
TCBM Holdings, LLC (“TCBM”) was formed as a Delaware limited liability company on August 10, 2017. TCBM is a holding corporation, which operated through its two wholly owned subsidiaries, HMNRTH, LLC and 911 Help Now, LLC.
Previous report
About HMNRTH, LLC
Previous report
HMNRTH, LLC (“HMN”) was formed as a Delaware limited liability company on July 30, 2019. HMNRTH operates as an online store selling a variety of hemp and CBD related products. The Company’s business model is to bridge the gap between the lifestyle and knowledge components within the cannabis industry. The Company’s goal is to educate every consumer while cultivating an experience by providing quality products, branded cutting-edge content, and diversified product lines for any purpose. Most importantly, we want our clients to discover their inner HMN, redefine their inner HMN and Empower their inner HMN.
Previous report
In September 2019, the Company entered into a Quality Agreement with Nutralife Biosciences for the development and production of its CBD line of products. The Company’s product line includes hemp derived, full spectrum cannabidiol tinctures and creams in varying sizes.
Previous report
In order for the Company to generate revenue through HMNRTH, we will need to: (i) produce additional inventory for retail sales through the Company’s ecommerce site or sales, or (ii) sales to third party distributors, or (iii) direct sales to brick and mortar CBD retail outlets, or (iv) generate additional CBD formulas to be utilized in new products At present, the Company does not have the required capital to initiate any of the options and there is no guarantee that we will be able to raise the required funds.
Previous report
Regulation of HMNRTH products:
Previous report
The manufacture, labeling and distribution of our products is regulated by various federal, state and local agencies. These governmental authorities may commence regulatory or legal proceedings, which could restrict the permissible scope of our product claims or the ability to sell our products in the future. The FDA regulates our nutraceutical and wellness products to ensure that the products are not adulterated or misbranded.
Previous report
We are subject to additional regulation as a result of our CBD products. The shifting compliance environment and the need to build and maintain robust systems to comply with different compliance in multiple jurisdictions increase the possibility that we may violate one or more of the requirements. If our operations are found to be in violation of any of such laws or any other governmental regulations that apply to us, we may be subject to penalties, including, without limitation, civil and criminal penalties, damages, fines, the curtailment or restructuring of our operations, any of which could adversely affect our ability to operate our business and our financial results.
Previous report
Failure to comply with FDA requirements may result in, among other things, injunctions, product withdrawals, recalls, product seizures, fines and criminal prosecutions. Our advertising is subject to regulation by the FTC under the FTCA. Additionally, some states also permit advertising and labeling laws to be enforced by private attorney generals, who may seek relief for consumers, seek class action certifications, seek class wide damages and product recalls of products sold by us. Any actions against us by governmental authorities or private litigants could have a material adverse effect on our business, financial condition and results of operations.
Previous report
About 911 Help Now, LLC
Previous report
911 Help Now, LLC (“911”) was formed as a Delaware limited liability company on February 2, 2018. 911 was a holding company of intellectual property in the safety and security space. At present, we own no intellectual property within our 911 subsidiary. In order to generate future revenue within 911, we will need to identify and either acquire or license intellectual property. In the event of an acquisition, we will then need to either develop products utilizing our intellectual property or license out our intellectual property to a third party. There is no guarantee that we will be successful with an acquisition or licensing of any intellectual property.
Previous report
About Markets on Main, Inc.
Previous report
Markets on Main, LLC (“MOM”) was formed as a Florida limited liability company on April 2, 2020. MOM is A full service, sales and distribution, third-party logistics provider and portal to multi-channel sales opportunities. MOM’s focus is on bringing small businesses and entrepreneurs to large opportunities and distribution. MOM will provide the following services to its clients: inventory management, brand management, fulfillment and drop-ship capabilities, retail distribution and customer service.
Previous report
On May 4, 2020, MOM entered into a Drop Ship Agreement (the “Agreement”) with QVC, Inc. Under the terms of the Agreement, MOM shall provide products for marketing, promotion, sale and distribution by QVC through certain televised and/or other electronic shopping services developed or to be developed by QVC and through other means and media.
Previous report
On January 3, 2022, the Company filed Articles of Conversion with the State of Florida to convert MOM from a limited liability company to a Florida profit corporation. Simultaneous with the filing of the Articles of Conversion, the Company filed Articles of Incorporation for MOM.
Previous report
On January 19, 2022, MOM entered into an Exclusive Distribution Agreement (the “Distribution Agreement”) with Amfluent, LLC (“Amfluent”). Under the terms of the Distribution Agreement, MOM will become an exclusive distributor for the promotion and sale of products carried by Amfluent. As the exclusive distributor, MOM shall be awarded the exclusive territory of e-commerce, live shopping and digital sales. The Distribution Agreement has a term of one year from the Effective Date unless both parties agree to renew the Distribution Agreement for an additional term.
Previous report
On January 30, 2022, MOM entered into a Marketing Management Agreement (the “Agreement”) with Chin Industries, LLC (“Chin”). Under the terms of the Agreement, Chin shall provide day to day management of websites where MOM’s products may be sold. The Agreement has a term of one year. As compensation, Chin shall receive a 50/50 split of net profits.
Previous report
During the third quarter of fiscal 2022, MOM launched its first website, www.sculptbaby.com, under the Agreement with Chin. Product sales initiated in March 2022. During the fourth quarter of fiscal 2022, all Sculpt Baby inventory was sold. The Company has not identified its next product to launch.
Previous report
About Tersus Power, Inc. (Delaware)
Previous report
Tersus Power, Inc. (“Tersus”) (Delaware) was formed as a wholly owned subsidiaryas per the terms of the Share Exchange Agreement entered into with Tersus Power, Inc., a Nevada corporation, and the Tersus Shareholders with the sole purpose of entering into an Agreement and Plan of Merger to effect a name change. The Articles of Incorporation were filed with the Secretary of State of the State of Delaware on March 15, 2022.
Previous report
10 Fold Services, LLC (“10 Fold”) was formed as a Wyoming limited liability company on November 22, 2023. 10 Fold will serve as the Company’s customer relationship and sales management subsidiary.
Previous report
We sell consumer products either wholesale or direct to consumer. In addition, we generate revenue through the logistics services we offer through our wholly owned subsidiary, Market on Main and consulting services we offer to other publicly traded companies.
Previous report
Selling, general and administrative expenses were $10,264 and $10,314 for the three months ended December 31, 2023 and 2022, respectively, representing a decrease of $50, or 0.48%. The Company’s operating expenses are largely attributable to executive compensation and professional services for the three months ended December 31, 2023.
Previous report
Six months ended December 31, 2023 Compared to six months ended December 31, 2022
Previous report
Selling, general and administrative expenses were $59,255 and $12,669 for the six months ended December 31, 2023 and 2022, respectively, representing an increase of $46,586, or 367.72%. The Company’s operating expenses are largely attributable to executive compensation and consulting services for the six months ended December 31, 2023.
Reworded paragraphs (20)
Previous wording
On November 23, 2023, 10 Fold (the “Sales Agent”) entered into a Sales Agent Agreement (the “Agreement”) with a supplier of pharmaceutical products (the “Company”), whereby 10 Fold will act in the capacity as a non-exclusive Sales Agent. Under the terms of the Agreement, the Sales Agent will inform and educate potential customers on products marketed by the Company and to initiate sales of the products. As compensation for its services, the Sales Agent shall receive a commission based on volume sales of the pharmaceutical product.
Current wording
On November 23, 2023, 10 Fold Services (the “Sales Agent”) entered into a Sales Agent Agreement (the “Agreement”) with a supplier of pharmaceutical products (the “Company”), whereby 10 Fold will act in the capacity as a non-exclusive Sales Agent. Under the terms of the Agreement, the Sales Agent will inform and educate potential customers on products marketed by the Company and to initiate sales of the products. As compensation for its services, the Sales Agent shall receive a commission based on volume sales of the pharmaceutical product.
Previous wording
On December 3, 2023, 10 Fold (the “Company”) entered into an Operating Agreement (the “Agreement”) with Rockwell Pharma, LLC (the “Contractor”) (together, the “Parties”). Under the terms of the Agreement, the Contractor agrees to leverage its connections in the industry to execute sales of pharmaceutical products included within the Company’s Sales Agent Agreement. As compensation, the Parties agree to a profit-sharing model where profits from all sales generated under this Agreement will be split equally (50/50) (“Profit Share”). Profits are defined as the net collections on sales executed by the Contractor and received by the Company minus all pre-approved expenses.
Current wording
On December 3, 2023, 10 Fold Services (the “Company”) entered into an Operating Agreement (the “Agreement”) with a third-party entity (the “Contractor”) (together, the “Parties”). Under the terms of the Agreement, the Contractor agrees to leverage its connections in the industry to execute sales of pharmaceutical products included within the Company’s Sales Agent Agreement. As compensation, the Parties agree to a profit-sharing model where profits from all sales generated under this Agreement will be split equally (50/50) (“Profit Share”). Profits are defined as the net collections on sales executed by the Contractor and received by the Company minus all pre-approved expenses.
Previous wording
Foxx Trot Tango, LLC (“Foxx Trot”) was formed as a Wyoming limited liability company on February 3, 2022. Foxx Trot was acquired through a membership interest purchase agreement on July 25, 2023. Foxx Trot is the owner of a commercial building in Sylvester, GA. The Company intends on utilizing Foxx Trot for the purchase of additional parcels of real estate. PleaseseeNOTE D – ACQUISITION OF FOXX TROT TANGO, LLC for further information.
Current wording
Foxx Trot Tango, LLC (“Foxx Trot”) was formed as a Wyoming limited liability company on February 3, 2022. Foxx Trot was acquired through a membership interest purchase agreement on July 25, 2023. Foxx Trot is the owner of a commercial building in Sylvester, GA. The Company intends on utilizing Foxx Trot for the purchase of additional parcels of real estate. Pleasesee NOTE D – ACQUISITION OF FOXX TROT TANGO, LLC for further information.
Previous wording
For the three months ended December 31, 2023 and 2022, we generated revenue of $0 and $14,000, respectively. Revenue for the three months ended December 31, 2022 was entirely comprised of revenue generated from consulting services.
Current wording
For the three months ended March 31, 2024 and 2023, we generated revenue of $451,509 and $0, respectively. Revenue for the three months ended March 31, 2024 was entirely comprised of revenue generated through the Company’s wholly owned subsidiary 10 Fold Services.
Previous wording
For the three months ended December 31, 2023 and 2022, cost of revenues was $0 and $0, respectively.
Current wording
For the three months ended March 31, 2024 and 2023, cost of revenues was $364,199 and $0, respectively.
Previous wording
For the three months ended December 31, 2023 and 2022, gross profit was $0 and $14,000, respectively.
Current wording
For the three months ended March 31, 2024 and 2023, gross profit was $87,310 and $0, respectively.
Previous wording
Other income (expenses) were ($3,392,388) and $208,236 for the three months ended December 31, 2023 and 2022, respectively, representing a decrease of $$3,600,624, or -1,729.11%. The other income (expenses) for the three months ended December 31, 2023 included interest expense of ($79,009), amortization of debt discounts of ($394,521) and loss on derivative liability of ($2,918,858).
Current wording
Other income (expenses) were $2,782,847 and ($622,087) for the three months ended March 31, 2024 and 2023, respectively, representing a decrease of $3,404,934, -547.34%. The other income (expenses) for the three months ended March 31, 2024 included interest expense of ($44,049), forgiveness of debt of $102,616, gain on sale of commercial property of $180,378 and gain on derivative liability of $2,543,902.
Previous wording
For the three months ended December 31, 2023, net loss was $3,455,492, as compared to net income of $183,724 for three months ended December 31, 2022, a decrease of $3,639,216. The increase in net loss for the three months ended December 31, 2023 was largely attributable to the Company’s loss on derivative liability.
Current wording
For the three months ended March 31, 2024, net income was $2,756,900 as compared to a net loss of ($668,382) for three months ended March 31, 2023, a decrease of $3,425,282. The increase in net income for the three months ended March 31, 2024 was largely attributable to the Company’s increase in revenue and gain on derivative liability.
Previous wording
The following table sets forth information comparing the components of net (loss) income for the six months ended December 31, 2023 and 2022:
Current wording
The following table sets forth information comparing the components of net (loss) income for the nine months ended March 31, 2024 and 2023:
Previous wording
For the six months ended December 31, 2023 and 2022, we generated revenue of $0 and $14,000, respectively. Revenue for the six months ended December 31, 2022 was entirely comprised of revenue generated from consulting services.
Current wording
For the nine months ended March 31, 2024 and 2023, we generated revenue of $451,509 and $14,000, respectively. Revenue for the nine months ended March 31, 2024 was entirely comprised of revenue generated through the Company’s wholly owned subsidiary 10 Fold Services.
Previous wording
For the six months ended December 31, 2023 and 2022, cost of revenues was $0 and $0, respectively.
Current wording
For the nine months ended March 31, 2024 and 2023, cost of revenues was $364,199 and $0, respectively.
Previous wording
For the six months ended December 31, 2023 and 2022, gross profit was $0 and $14,000, respectively.
Current wording
For the nine months ended March 31, 2024 and 2023, gross profit was $87,310 and $14,000, respectively.
Previous wording
Other income (expenses) were ($1,842,277) and $487,800 for the six months ended December 31, 2023 and 2022, respectively, representing a decrease of $2,330,077, or -477.67%. The other income (expenses) for the six months ended December 31, 2023 included interest expense of ($151,108), amortization of debt discounts of ($692,603) and a loss on derivative liability of ($998,566).
Current wording
Other income (expenses) were $940,570 and ($134,287) for the nine months ended March 31, 2024 and 2023, respectively, representing a decrease of $1,074,857, or -800.42%. The other income (expenses) for the nine months ended March 31, 2024 included interest expense of ($195,157), amortization of debt discounts of ($692,603), gain on sale of commercial property of $180,378, forgiveness of debt of $102,626 and a gain on derivative liability of $1,545,336.
Previous wording
For the six months ended December 31, 2023, net loss was $2,230,670, as compared to net income of $124,268 for six months ended December 31, 2022, a decrease of $2,354,938. The decrease in net income for the six months ended December 31, 2023 was largely attributable to the Company’s loss on derivative liability.
Current wording
For the nine months ended March 31, 2024, net income was $526,230, as compared to a net loss of ($544,114) for nine months ended March 31, 2023, a decrease of $1,070,344. The increase in net income for the nine months ended March 31, 2024 was largely attributable to the Company’s increase in revenue and gain on derivative liability.
Previous wording
The following table summarizes the cash flows for the six months ended December 31, 2023 and 2022:
Current wording
The following table summarizes the cash flows for the nine months ended March 31, 2024 and 2023:
Previous wording
As of December 31, 2023 and 2022, the Company had cash of $10,694 and $18,300, respectively.
Current wording
As of March 31, 2024 and 2023, the Company had cash of $144,575 and $-, respectively.
Previous wording
We had cash (used in) operating activities of ($175,221) for the six months ended December 31, 2023, compared to ($324,425) for the six months ended December 31, 2022. The net cash used in operating activities for the six months ended December 31, 2023 consisted primarily of a net loss of $2,230,670 offset largely by a loss on derivative liability of $998,566, issuance of Series L Preferred Stock of $250,000 and amortization of debt discounts of $692,603.
Current wording
We had cash (used in) operating activities of ($139,924) for the nine months ended March 31, 2024, compared to ($329,881) for the nine months ended March 31, 2023. The net cash used in operating activities for the nine months ended March 31, 2024 consisted primarily of net income of $526,230 offset largely by a gain on derivative liability of ($1,545,336), gain on sale of assets of ($180,378), issuance of Series L Preferred Stock of $250,000 and amortization of debt discounts of $692,603.
Previous wording
We had cash provided by investing activities of $- and $- for the six months ended December 31, 2023 and 2022, respectively
Current wording
We had cash provided by investing activities of $- and $- for the nine months ended March 31, 2024 and 2023, respectively
Previous wording
We had cash provided by financing activities of $167,615 and $- for the six months ended December 31, 2023 and 2022, respectively, of which $92,615 was from borrowings from loans payable - related parties, borrowings from the issuance of a convertible note in the amount of $45,000 and proceeds from the sale of Series L Preferred Stock in the amount of $30,000 during the six months ended December 31, 2023.
Current wording
We had cash provided by financing activities of $266,199 and $5,387 for the nine months ended March 31, 2024 and 2023, respectively, of which $186,199 was from borrowings from loans payable - related parties, borrowings from loan payable officer in the amount of $5,000, borrowings from the issuance of a convertible note in the amount of $45,000 and proceeds from the sale of Series L Preferred Stock in the amount of $30,000 during the nine months ended March 31, 2024.
Previous wording
Neither inflation nor changing prices for the six months ended December 31, 2023 had a material impact on our operations.
Current wording
Neither inflation nor changing prices for the nine months ended March 31, 2024 had a material impact on our operations.