Global Interactive Technologies, Inc.
For the period ended Dec 31, 2025. Filed May 26, 2026.
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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.
FY2025 · Filed May 26, 2026
GITS$1.53-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
December 31, 2025 and December 31, 2024
| December 31, 2025 ($) | December 31, 2024 ($) | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and Cash Equivalents | 6,990 | 2,352 |
| Short-term loans, net of allowance | - | 338 |
| Accounts receivable, net of allowance | 46 | - |
| Non-trade receivables | 8,525 | 297 |
| Prepaid expenses and other receivables | 26,715 | - |
| Total current assets | 42,276 | 2,987 |
| PROPERTY AND EQUIPMENT, NET | 1,494 | 2,656 |
| INTANGIBLE ASSETS, NET | 3,029,061 | 4,940,000 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | 1,264,546 | 1,458,780 |
| PREPAYMENT | 38,717 | - |
| Total Assets | 4,376,094 | 6,404,423 |
| LIABILITIES AND STOCKHOLDER’S EQUITY | ||
| CURRENT LIABILITIES: | ||
| Short-term borrowings | 29,028 | 20,436 |
| Short-term borrowings from related parties | 93,248 | 349,607 |
| Non-trade accounts payable | 750,013 | 290,917 |
| Accrued expenses and other current liabilities | 61,100 | 7,379 |
| Total current liabilities | 933,389 | 668,339 |
| Total Liabilities | 933,389 | 668,339 |
| STOCKHOLDER’S DEFICIENCY: | ||
| Common Stock, $0.001 par value, Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding after stock split 3,674,208: common shares as of December 31, 2025 Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding after stock split 2,640,402: common shares as of December 31, 2024 | 3,674 | 2,640 |
| Additional paid-in and other capital | $46,484,973 | 44,301,215 |
| Accumulated deficit | (42,534,194) | (37,901,301) |
| Accumulated other comprehensive income (loss) | (511,748) | (666,470) |
| Equity attributable to owners of the Company | 3,442,705 | 5,736,084 |
| Total Stockholder’s Equity (Deficiency) | 3,442,705 | 5,736,084 |
| Total Liabilities and Stockholder’s Deficiency | 4,376,094 | 6,404,423 |
| * | As of December 31, 2025, the Company’s issued and outstanding common shares are 3,674,208. See Item 5.(e) regarding additional issuance during FY 2025-. On January 27, 2025, the Company effected a 1-for-20 reverse stock split of its issued and outstanding common shares. As a result of the reverse stock split, every 20 shares of the Company’s issued and outstanding common stock were combined into one share, reducing the total number of issued shares from 52,808,589 to 2,640,429. Due to rounding, 27 fractional shares were eliminated, and the resulting $0.54 difference was adjusted from common stock to additional paid-in capital. The par value per share is $0.001. All share and per-share amounts in the accompanying consolidated financial statements and related notes have been retroactively adjusted to reflect the reverse stock split for all periods presented. |
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