GLOBAL TECHNOLOGIES LTD
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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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.
Sep 30, 2024 · Filed Nov 12, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION
PART I
INDEX TO FINANCIAL STATEMENTS
| PAGE | |
|---|---|
| PART I - FINANCIAL INFORMATION | |
| Item 1. Consolidated Financial Statements (Unaudited) | |
| Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and June 30, 2024 (Audited) | 1 |
| Condensed Consolidated Statements of Operations for the three months ended September 30, 2024 and 2023 (Unaudited) | 2 |
| Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficiency) for the three months ended September 30, 2024 and 2023 (Unaudited) | 3 |
| Condensed Consolidated Statements of Cash Flows for the three months ended September 30, 2024 and 2023 (Unaudited) | 4 |
| Notes to Condensed Consolidated Financial Statements | 5 |
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | June 30, 2024 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $292,861 | $115,747 |
| Accounts receivable | 156,610 | 184,692 |
| Prepaid deposits | 225,000 | 225,000 |
| Total current assets | 674,471 | 525,439 |
| Property and equipment, less accumulated depreciation of $40,754 and $34,756 | 120,609 | 126,607 |
| Goodwill | 7,685,636 | 7,685,636 |
| Intangible properties | 25,000 | 25,000 |
| Total other assets | 7,831,245 | 7,837,243 |
| TOTAL ASSETS | $8,505,716 | $8,362,682 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $50,348 | $90,785 |
| Accrued interest | 95,745 | 85,650 |
| Accrued executive compensation | 15,160 | 58,333 |
| Notes payable-third parties | 395,000 | 435,000 |
| Loans payable, related party | 68,269 | 68,269 |
| Contingent consideration | 5,764,227 | 5,764,227 |
| Derivative liability | 327,947 | 327,947 |
| Total current liabilities | 6,716,696 | 6,830,211 |
| TOTAL LIABILITIES | $6,716,696 | $6,830,211 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock; 5,000,000 shares authorized, $.01 par value: | ||
| Series K; 3 shares authorized, par value $0.01, as of September 30, 2024 and June 30, 2024, there are 3 shares outstanding | - | - |
| Series N; 2,000,000 shares authorized, par value $0.01, as of September 30, 2024 and June 30, 2024, there are 1,864,500 shares outstanding | 18,645 | 18,645 |
| Class A Common stock; 14,991,000,000 shares authorized, $.0001 par value, as of September 30, 2024 and June 30, 2024, there are 14,688,440,097 shares issued and outstanding | 1,468,844 | 1,468,844 |
| Additional paid- in capital Class A common stock | 162,898,727 | 162,898,727 |
| Additional paid- in capital preferred stock | 1,861,142 | 1,861,142 |
| Exchange shares to be issued | 1,921,409 | 1,921,409 |
| Common stock to be issued | 30,000 | 30,000 |
| Accumulated deficit | (166,409,747) | (166,666,296) |
| Total stockholders’ equity | 1,789,020 | 1,532,471 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $8,505,716 | $8,362,682 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.