Filings/GITS/10-Q

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EDGAR
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KPIsSections21
Headline metrics
Revenue — GREEN$96
Gross margin — GREEN100.0%
Net income — GREEN-$496,993
Net margin — GREEN-517701.0%
Operating margin — RED-517032.3%
Red flags4 red2 orange
Liquidity6
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -517701.0%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -53892.7%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
ORANGE
Current ratio 0.03current_ratio_low
Current assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~0.0 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 1458%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
Revenue$96GREEN
Revenue (quarter)$96GREEN
Gross Margin100.0%GREEN
Operating Margin-517032.3%RED
Net Margin-517701.0%GREEN
Net Income-$496,993GREEN
EPS (diluted)$-0.14GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$360GREEN
Broad Liquidity$360GREEN
Current Ratio0.03GREEN
Total Assets$4.1MGREEN
Total Equity$3.0MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$51,737GREEN
Cash Conversion (CFO/Rev)-538.93GREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial Statements. GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND ITS SUBSIDIARIES Condensed Consolidated Balance Sheets As of March 31, 2026 and December 31, 2025 (Unaudited) March 31, December 31, 2026 2025 Assets CURRENT ASSETS: Cash and Cash Equivalents $ 360 $ 6,990 Accounts receivable, net of allowance 25 46 Non-trade receivables 8,131 8,525 Prepaid expenses and other receivables 25,483 26,715 Total current assets 33,999 42,276 PROPERTY AND EQUIPMENT, NET 1,331 1,494 INTANGIBLE ASSETS, NET 2,839,745 3,029,061 OPERATING LEASE RIGHT-OF-USE ASSETS 1,209,718 1,264,546 OTHER ASSETS 31,391 38,717 Total Assets $ 4,116,185 $ 4,376,094 Liabilities and Stockholder’s Equity CURRENT LIABILITIES: Short-term borrowings $ 77,712 $ 29,028 Short-term borrowings from related parties 91,189 93,248 Short-term borrowings 91,189 93,248 Non-trade accounts payable 722,047 750,013 Accrued expenses and other current liabilities 273,822 61,100 Total current liabilities 1,164,770 933,389 Total Liabilities 1,164,770 933,389 STOCKHOLDER’S DEFICIENCY: Common Stock, 0.001 par value. Authorized 110,000,000 (common: 100,000,000 , preferred: 10,000,000 ) 3,674,208 shares; Issued and outstanding shares as of March 31, 2026 and December 31, 2025 3,674 3,674 Additional paid-in and other capital 46,484,973 46,484,973 Accumulated deficit ( 43,031,188 ) ( 42,534,194 ) Accumulated other comprehensive income (loss) ( 506,044 ) ( 511,748 ) Total Stockholder’s Equity 2,951,415 3,442,705 Total Liabilities and Stockholder’s Deficiency $ 4,116,185 $ 4,376,094 The accompanying footnotes are an integral part of these unaudited consolidated financial statements Field: Page; Sequence: 4; Options: NewSection; Value: 1 F- Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence Field: /Page GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND ITS SUBSIDIARIES Condensed Consolidated Statements of Operations For the Three Months Ended March 31, 2026 and 2025 (Unaudited) Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Revenue $ 96 $ - Cost of Revenue - - Gross profit(Loss) 96 - OPERATING EXPENSES: Depreciation 167 303 Amortization 189,316 249,948 Lease expense 56,328 56,777 Tax and Dues - 1,890 General and Administrative expense 250,635 254,550 Operating cost and expenses 496,447 563,468 OPERATING LOSS ( 496,351 ) ( 563,468 ) OTHER INCOME(EXPENSE): Interest income(expense), net ( 642 ) (