Global Interactive Technologies, Inc.
For the period ended Dec 31, 2025. Filed May 26, 2026.
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FY2025 · Filed May 26, 2026
GITS$1.46-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
For the Years December 31, 2025 and 2024
| December 31, 2025 ($) | December 31, 2024 ($) | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss from continuing operations | (4,632,893) | (4,783,651) |
| Adjustments to reconcile net loss to net cash provided by(used in) operating activities: | - | - |
| Depreciation | 1,238 | 6,352 |
| Amortization | 1,021,192 | - |
| Lease expense | 231,967 | - |
| Gain on disposal of subsidiary | - | (12,400,373) |
| Bad-debt expense of other assets | 349 | 16,179,823 |
| Loss on disposal of tangible assets | - | 23,937 |
| Debt Extinguishment loss | 1,168,228 | - |
| Impairment loss on intangible assets | 1,019,611 | 94,264 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (46) | - |
| Non-trade receivable | (8,228) | 2,170 |
| Prepaid expenses and other current assets | (26,715) | (375) |
| Other assets | (38,717) | 414,610 |
| Non-trade Accounts payable | 459,096 | - |
| Accrued expenses and other current liabilities | 53,721 | 6,812 |
| Net cash used in operating activities of continuing operations | (751,197) | (456,431) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Receipt from collection of short-term loan receivable | - | 84,154 |
| Payment for short-term loan receivable | - | (14,103) |
| Proceeds from disposal of property and equipment | - | 84,097 |
| Net cash provided by investing activities | - | 154,148 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from short-term loan payable | 358,573 | 10,264 |
| Proceeds from short-term loan payable from related parties | 220,727 | 364,172 |
| Proceeds from exercising Warrants | 178,044 | - |
| Repayment of short-term loan payable | - | (2,933) |
| Repayment of short-term loan payable from related parties | - | (3,351) |
| Net cash provided by financing activities | 757,344 | 368,152 |
| Net change in cash – continued operations | 6,147 | 65,887 |
| Cash from discontinued operations: | ||
| Net cash used in operating activities of discontinued operations | - | (1,222,364) |
| Net cash used in investing activities of discontinued operations | - | (5,235,253) |
| Net cash provided by financing activities of discontinued operations | - | 311,413 |
| Net change in cash- discontinued operations | - | (6,146,204) |
| Cash beginning of period - continued operations | 2,352 | 69,688 |
| Cash beginning of period - discontinued operations | - | 5,358,142 |
| Beginning cash | 2,352 | 5,427,830 |
| Cash end of period – continued operations | 6,990 | 2,352 |
| Cash end of period - discontinued operations | - | 1,408 |
| Ending cash | 6,990 | 3,760 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 6,147 | (6,080,317) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (1,509) | 656,247 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD | 2,352 | 5,427,830 |
| CASH AND CASH EQUIVALENTS AT END OF THE PERIOD | 6,990 | 3,760 |
| SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash receipt (paid) for interest – all operations | (7,020) | 63 |
| Less Cash receipt for interest - discontinued operations | - | 63 |
| Cash receipt (paid) for interest – continued operations | (7,020) | - |
| Cash receipt (paid) during the period for interest | (7,020) | 63 |
| Non-cash financing activities: | ||
| Conversion of related-party debt to equity | 488,110 | - |
| Conversion of non-related-party debt to equity | 350,410 | - |
**GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND ITS SUBSIDIARIES
For the Years Ended December 31, 2025 and 2024
| December 31, 2025 ($) | December 31, 2024 ($) | |
|---|---|---|
| NET LOSS | (4,632,893) | (6,171,969) |
| Other comprehensive income(loss): | ||
| Change in foreign currency translation adjustment | 154,722 | (1,160,412) |
| Change in foreign currency translation adjustment to attributable to noncontrolling interest | ||
| COMPREHENSIVE INCOME(LOSS) | (4,478,171) | (7,332,381) |
| Comprehensive income(loss) attributable to the Company | (4,478,171) | (7,332,381) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.