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KPIsSections19
| Revenue — GREEN | $222 |
|---|---|
| Gross margin — GREEN | 100.0% |
| Net income — GREEN | -$1.4M |
| Net margin — GREEN | -633073.4% |
| Operating margin — RED | -546071.2% |
Red flags3 red2 orange
Liquidity5
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -633073.4%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -251766.2%
cash_conversion_weakCFO/Revenue below 0 — operating model not generating cash despite revenue.
ORANGE
Cash runway ~2.1 years
cash_runway_mediumCash runway is 2–3 years — worth monitoring vs growth plans.
ORANGE
Accumulated deficit / equity 1164%
accumulated_deficit_highAccumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | $222 | GREEN |
| Revenue (quarter) | $126 | GREEN |
| Gross Margin | 100.0% | GREEN |
| Operating Margin | -546071.2% | RED |
| Net Margin | -633073.4% | GREEN |
| Net Income | -$1.4M | GREEN |
| EPS (diluted) | $-0.38 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Cash | $1.2M | GREEN |
| Broad Liquidity | $1.2M | GREEN |
| Current Ratio | 1.03 | GREEN |
| Total Assets | $4.9M | GREEN |
| Total Equity | $3.8M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating CF | -$558,921 | GREEN |
| Cash Conversion (CFO/Rev) | -2517.66 | GREEN |
Sections in this filing
Financial Statements (unaudited)
Item 1. Financial Statements. GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND ITS SUBSIDIARIES Condensed Consolidated Balance Sheets As of June 30, 2026 and December 31, 2025 (Unaudited) June 30, December 31, 2026 2025 Assets CURRENT ASSETS: Cash and Cash Equivalents $ 1,162,141 $ 6,990 Accounts receivable, net of allowance 18 46 Non-trade receivables 7,915 8,525 Prepaid expenses and other receivables 24,804 26,715 Total current assets 1,194,878 42,276 PROPERTY AND EQUIPMENT, NET 1,168 1,494 INTANGIBLE ASSETS, NET 2,650,429 3,029,061 OPERATING LEASE RIGHT-OF-USE ASSETS 1,067,348 1,264,546 OTHER ASSETS 25,163 38,717 Total Assets $ 4,938,986 $ 4,376,094 Liabilities and Stockholders’ Equity CURRENT LIABILITIES: Short-term borrowings $ 63,687 $ 29,028 Short-term borrowings from related parties 89,763 93,248 Short-term borrowings 89,763 93,248 Non-trade accounts payable 687,268 750,013 Accrued expenses and other current liabilities 322,146 61,100 Total current liabilities 1,162,864 933,389 Total Liabilities 1,162,864 933,389 STOCKHOLDERS’ EQUITY: Common Stock, $ 0.001 par value. Authorized 110,000,000 shares (common: 100,000,000 ; preferred: 10,000,000 ); 3,674,208 shares issued and outstanding as of June 30, 2026 and December 31, 2025 3,674 3,674 Additional paid-in and other capital 48,293,880 46,484,973 Accumulated deficit ( 43,939,617 ) ( 42,534,194 ) Accumulated other comprehensive loss ( 581,815 ) ( 511,748 ) Total Stockholders’ Equity 3,776,122 3,442,705 Total Liabilities and Stockholders’ Equity $ 4,938,986 $ 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 and Six Months Ended June 30, 2026 and 2025 (Unaudited) 2026 2025 2026 2025 Six Months Ended June 30, Three Months Ended June 30, 2026 2025 2026 2025 Revenue $ 222 $ 29 $ 126 $ 29 Cost of Revenue — — — — Gross profit (loss) 222 29 126 29 OPERATING EXPENSES: Depreciation 330 616 163 313 Amortization 378,632 508,551 189,316 258,603 Lease expense 111,273 115,519 54,945 58,742 General and Administrative expense 722,265 615,742 471,629 359,302 Operating cost and expenses 1,212,500 1,240,428 716,053 6