GLOBAL TECHNOLOGIES LTD
For the period ended Mar 31, 2025. Filed May 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.
Mar 31, 2025 · Filed May 14, 2025
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-12-31; filed 2025-02-14.
0001493152-25-006730
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-14.
0001641172-25-010291
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 79 previous paragraphs and 88 current paragraphs.
46 unchanged; 19 reworded; 22 added; 14 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 5 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 (22)
Current report
Global Technologies, Ltd. is committed to delivering transformative innovation by aligning our investments with evolving consumer demand and high-potential growth sectors. While our legacy strategy included a dual focus on health and wellness through 10 Fold Services and electric vehicle (EV) infrastructure via GOe3, we have recently realigned our capital allocation and strategic priorities to reflect current market conditions and emerging opportunities.
Current report
The EV charging industry is undergoing significant consolidation and competitive saturation, prompting Global to reassess the long-term viability of our involvement through GOe3. As a result, we are limiting further investment of time, energy, and capital into GOe3 and the EV infrastructure sector. This decision reflects not a retreat, but a disciplined pivot toward sectors where we see stronger consumer demand and clearer paths to profitability.
Current report
Our health and wellness initiatives—anchored by 10 Fold Services and its affiliated operations—are now the core of Global’s strategic growth plan. These operations deliver strategic consulting, lead generation, and operational support to a rapidly growing network of wellness clinics, medical spas, and health service providers. By focusing on this vibrant and resilient sector, we believe we are positioning Global Technologies to deliver greater long-term value to our shareholders.
Current report
10 Fold is also amassing a valuable repository of customer data, collected through its marketing and engagement efforts. This growing database serves both internal development and external client initiatives—enabling data-driven strategies that sharpen competitive advantage and enhance client outcomes.
Current report
On November 23, 2023, 10 Fold Services entered into a Sales Agent Agreement with a supplier of pharmaceutical products, acting as a non-exclusive Sales Agent. Under this agreement, 10 Fold informs and educates potential customers and facilitates product sales, earning commissions based on volume. Additionally, on December 3, 2023, the Company entered into a profit-sharing Operating Agreement with a third-party contractor to execute pharmaceutical sales through industry connections, splitting profits equally after approved expenses.
Current report
Regulatory Update & Strategic Pivot
Current report
In early 2025, 10 Fold Services encountered a temporary disruption following the FDA’s recent ruling in favor of pharmaceutical manufacturers Eli Lilly and Novo Nordisk. This ruling paused the Company’s wholesale sales channel for GLP-1 medications, pending further regulatory clarification.
Current report
In response, 10 Fold is actively pivoting to adapt to the evolving market. Drawing on its human capital, software investments, and strategic partnerships, the Company is shifting its model toward direct-to-consumer (DTC) pharmaceutical sales. This pivot reflects months of preparation and collaboration with technology providers to establish a scalable, compliant, and consumer-focused revenue channel.
Current report
Despite the regulatory pause, 10 Fold remains agile, forward-looking, and committed to unlocking long-term value for its clients, partners, and shareholders.
Current report
For more information, please visit: www.10fold.services
Current report
GOe3, LLC
Current report
Key features of the GOe3 platform include:
Current report
Despite these promising developments, GOe3 has faced significant operational and market headwinds. The company has been unable to complete key software development projects required to support the back-end of its EV charging network, limiting its ability to meet the compliance and performance standards necessary to secure government-sector contracts. Additionally, recent changes in U.S. federal policy regarding EV infrastructure funding, grants, and tax incentives have created further uncertainty and impeded market entry.
Current report
As a result of these challenges, and in light of delays by GOe3’s management in executing critical milestones—including the completion of its platform software and government contracting readiness—Global Technologies, LTD has made the strategic decision to reduce its business investment in GOe3. Accordingly, the Company will also reassess and reduce the goodwill value previously assigned to the GOe3 acquisition as of March 15, 2024.
Current report
Global Technologies, LTD remains committed to a disciplined capital allocation strategy and will continue to evaluate the performance of its subsidiaries to ensure alignment with long-term shareholder value creation.
Current report
For more information, please refer to NOTE E – ACQUISITION OF GOe3, LLC.
Current report
Foxx Trot Tango, LLC (“Foxx Trot”) was formed as a Wyoming limited liability company on February 3, 2022, and was acquired through a membership interest purchase agreement on July 25, 2023. Foxx Trot previously held title to a commercial building located in Sylvester, Georgia, which was sold on March 26, 2024. Following the completion of that transaction, the Company elected to dissolve Foxx Trot and does not intend to utilize the entity for any future real estate acquisitions or operations.
Current report
Other Expenses– Interest expense for the three months ended March 31, 2025 was $5,908, compared to $44,049 for the same period in the prior year. Additional other expenses for the three-month period ended March 31, 2025 included losses related to derivative liabilities and the amortization of debt discounts.
Current report
Nine months ended March 31, 2025 compared to nine months ended March 31, 2024
Current report
Selling, general, and administrative expenses were $97,572 and $122,236 for the nine months ended March 31, 2025 and 2024, respectively, representing a decrease of $24,664. However, the Company experienced significant increases in consulting and marketing expenses. For the same nine-month periods, consulting and marketing expenses rose from $252,818 in 2024 to $359,015 in 2025—an increase of $106,197. Officer and director compensation also increased, driven by the expansion of the executive team. Compensation for officers and directors totaled $135,183 for the nine months ended March 31, 2025, compared to $75,000 for the same period in 2024, representing an increase of $60,183.
Current report
For the nine months ended March 31, 2025, the Company recorded other expenses of ($24,978), compared to other income of $940,570 for the same period in 2024. This represents a decrease of $965,548, or approximately 102.66%. The decline is attributable to the absence of one-time gains recognized in the prior year, including forgiveness of debt ($102,616), gain on sale of assets ($180,378), and a gain on derivative liability ($1,545,336), all of which were not repeated in the current period. Additionally, interest expense decreased significantly from ($195,157) in 2024 to ($24,978) in 2025. The Company also recognized no amortization of debt in the current period, compared to ($692,603) in 2024.
Current report
Net income for the nine months ended March 31, 2025 was $250,059, compared to $526,230 for the same period in 2024, representing a decrease of $276,171, or 52.48%. While the Company experienced a substantial increase in revenue and gross profit due to growth in its 10 Fold Services subsidiary, the decline in net income was primarily the result of the non-recurrence of substantial one-time gains reported in the prior period’s other income.
Removed paragraphs (14)
Previous report
Global Technologies Limited (“Global”) is a multi-operational company that spearheads innovation in high-growth industries, focusing on transformative technology and services through its wholly owned operating subsidiaries.
Previous 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.
Previous report
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 services 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 report
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 report
Additional information about 10 Fold Services can be found at www.10fold.services.
Previous report
The GoE3 Platform includes:
Previous report
Highlights:
Previous 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.
Previous report
Additional information about GOe3 can be found at www.goe3.com. Pleasesee NOTE E – ACQUISITION OF GOe3, LLC for further information.
Previous report
Foxx Trott Tango, LLC (“Foxx Trott”) was formed as a Wyoming limited liability company on February 3, 2022. Foxx Trott was acquired through a membership interest purchase agreement on July 25, 2023. Foxx Trott is the owner of a commercial building in Sylvester, GA. The Company intends on utilizing Foxx Trott for the purchase of additional parcels of real estate. Pleasesee NOTE D – ACQUISITION OF FOXX TROTT TANGO, LLC for further information.
Previous report
Other expenses included interest expense for the three months ended December 31, 2024 of $8,975 compared to $79,009 for the prior year three months. Other expenses were losses on derivative liability and amortization of debt discount for the period ended December 31, 2023.
Previous report
Six months ended December 31, 2024 compared to six months ended December 31, 2023
Previous report
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, 2024 included interest expense of ($151,108), amortization of debt discounts of ($692,603) and a loss on derivative liability of ($998,566).rewrite entire paragraph
Previous report
For the six months ended December 31, 2024, net income (loss) were $443,356, as compared to net loss of ($2,230,670) for six the months ended December 31, 2023. The increase in net income for the six months ended December 31, 2024 was largely attributable to the Company’s sales growth of its 10 Fold subsidiary..
Reworded paragraphs (19)
Previous wording
Our principal executive office is located at 8 Campus Drive, Suite 105 Parsippany, New Jersey 07054 and our telephone number is (973) 233-5151. The information contained on, or that can be accessed through, our website is not a part of this Quarterly Report on Form 10-Q. We have included our website address in this Quarterly Report solely as an inactive textual reference.
Current wording
Our principal executive office is located at 806 Green Valley Road, Suite 200, Greensboro, North Carolina 27408 and our telephone number is (973) 233-5151. The information contained on, or that can be accessed through, our website is not a part of this Quarterly Report on Form 10-Q. We have included our website address in this Quarterly Report solely as an inactive textual reference.
Previous wording
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 wording
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.
Previous wording
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 wording
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 and building a strong foundation for growth. The Company plans to maintain and deepen this relationship, using key insights to support other clients with similar objectives.
Previous wording
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 wording
GOe3, LLC (“GOe3”) was formed as an Arizona limited liability company on February 12, 2000, and was acquired by Global Technologies, LTD (“GTLL”) through a Share Exchange Agreement on March 15, 2024. GOe3 was established to develop and operate a nationwide network of universal electric vehicle (“EV”) charging stations located within 45–75 miles of selected interstate highways across the United States. GOe3’s patent-pending charging station design combines Level 2 and Level 3 functionality and is supported by a platform integrating solar deployment, mobile applications, and business/consumer service portals.
Previous wording
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 wording
On June 8, 2023, GOe3 entered into an Earnest Money Agreement with a third party for the anticipated delivery of 1,000 home bi-directional chargers with grid-sensing capabilities and up to 1,000 workplace chargers, totaling approximately $10,000,000 in projected revenue.
Previous wording
For the three months ended December 31, 2024 and 2023, we generated revenue of $917,077 and $0, respectively.
Current wording
For the three months ended March 31, 2025 and 2024, we generated revenue of $1,001,944 and $451,509, respectively.
Previous wording
For the three months ended December 31, 2024 and 2023, cost of revenues was $544,495 and $0, respectively.
Current wording
For the three months ended March 31, 2025 and 2024, cost of revenues was $947,853 and $364,199, respectively.
Previous wording
For the three months ended December 31, 2024 and 2023, gross profit was $372,582 and $0, respectively.
Current wording
For the three months ended March 31, 2025 and 2024, gross profit was $53,991 and $87,310, respectively.
Previous wording
Selling, general and administrative expenses were $27,130 and $10,264 for the three months ended December 31, 2024 and 2023. The Company’s operating expenses are largely attributable to executive compensation and professional services for the three months ended December 31, 2024.
Current wording
Selling, general and administrative expenses were $27,458 and $62,981 for the three months ended March 31, 2025 and 2024. The Company’s operating expenses are largely attributable to executive compensation and professional services for the three months ended March 31, 2025.
Previous wording
Net income (loss) for the three months ended December 31, 2024 and December 31, 2023 were $186,807 and $(3,455,492), respectively.
Current wording
Net income (loss) for the three months ended March 31, 2025 and March 31, 2024 were ($193,197) and $2,756,900, respectively.
Previous wording
The following table sets forth information comparing the components of net (loss) income for the six months ended December 31, 2024 and 2023:
Current wording
The following table sets forth information comparing the components of net (loss) income for the nine months ended March 31, 2025 and 2024:
Previous wording
For the six months ended December 31, 2024 and 2023, we generated revenue of $1,586,508 and $0, respectively..
Current wording
For the nine months ended March 31, 2025 and 2024, we generated revenue of $2,588,452 and 451,509, respectively.
Previous wording
For the six months ended December 31, 2024 and 2024, cost of revenues was $736,384 and $0, respectively.
Current wording
For the nine months ended March 31, 2025 and 2024, cost of revenues was $1,684,337 and $364,199, respectively.
Previous wording
For the six months ended December 31, 2024 and 2023, gross profit was $850,124 and $0, respectively.
Current wording
For the nine months ended March 31, 2025 and 2024, gross profit was $904,115 and $87,310, respectively.
Previous wording
Selling, general and administrative expenses were $70,113 and $59,255 for the six months ended December 31, 2024 and 2023, respectively, representing an increase of $10,858. The Company’s operating expenses for the six months ended December 31, 2024, are primarily attributable to executive compensation, consulting services, software fees, travel expenses, and marketing initiatives. These expenses reflect strategic investments in leadership, business development, and operational infrastructure aimed at sustaining long-term growth. Executive compensation supports the leadership team’s efforts in driving strategic initiatives, while consulting services have been leveraged to enhance sales operations, financial planning, and technological advancements. Software fees account for investments in automation, analytics, and customer management systems, ensuring efficiency and scalability. Travel expenses have been incurred to support business expansion efforts, investor relations, and partnership development, and marketing expenditures have been directed toward brand awareness, customer acquisition, and market positioning. These investments are designed to support continued revenue growth, enhance operational efficiencies, and strengthen the company’s market presence.
Current wording
Overall, the Company’s operating expenses for the nine months ended March 31, 2025, were primarily driven by executive compensation, consulting services, software fees, travel, and marketing initiatives. These expenditures reflect strategic investments in leadership, business development, and operational infrastructure intended to support long-term growth. Executive compensation supports leadership efforts in executing strategic priorities, while consulting services have been used to enhance sales operations, financial planning, and technological development. Software fees reflect investments in automation, analytics, and customer management systems aimed at increasing efficiency and scalability. Travel expenses were incurred to support business development, investor relations, and partnership expansion. Marketing expenditures were focused on building brand awareness, acquiring new customers, and strengthening market positioning. Collectively, these investments are intended to drive continued revenue growth, improve operational efficiency, and reinforce the Company’s market presence.
Previous wording
There was no income tax expense for the six months ended December 31, 2024 and December 31, 2023.
Current wording
There was no income tax expense for the nine months ended March 31, 2025 and March 31, 2024.
Previous wording
The following table summarizes the cash flows for the six months ended December 31, 2024 and 2023:
Current wording
The following table summarizes the cash flows for the nine months ended March 31, 2025 and 2024:
Previous wording
As of December 31, 2024 and 2023, the Company had cash of $63,896 and $115,747, respectively.
Current wording
As of March 31, 2025 and 2024, the Company had cash of $29,913 and $144,575 respectively.
Previous wording
Neither inflation nor changing prices for the six months ended December 31, 2024 had a material impact on our operations.
Current wording
Neither inflation nor changing prices for the nine months ended March 31, 2025 had a material impact on our operations.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
As a versatile entity that functions as a service provider, SaaS platform, and outsourced sales force, 10 Fold Services is committed to delivering tailored solutions that enable businesses to achieve significant market presence and sustainable growth.