Global Acquisitions Corp Files Q3 2024 10-Q

TL;DR

GLOBAL ACQUISITIONS CORP (GOAC) filed its Q3 2024 10-Q. Check financials.

AI Summary

GLOBAL ACQUISITIONS Corp filed its 10-Q for the period ending September 30, 2024. The company, formerly known as ALL AMERICAN SPORTPARK INC and SAINT ANDREWS GOLF CORP, is incorporated in Nevada and operates in the miscellaneous retail sector. The filing details financial information for the third quarter of 2024.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Global Acquisitions Corp, crucial for understanding its current business health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated in the provided text.

Key Numbers

• Q3 2024 — Reporting Period (Financials for the third quarter of 2024 are detailed.)
• 20240930 — Period End Date (The report covers financial data up to this date.)

Key Players & Entities

• GLOBAL ACQUISITIONS Corp (company) — Filer
• ALL AMERICAN SPORTPARK INC (company) — Former company name
• SAINT ANDREWS GOLF CORP (company) — Former company name
• September 30, 2024 (date) — Reporting period end date
• 20241114 (date) — Filing date

FAQ

Key Financial Figures

• $66,848 — . We had a working capital deficit of $66,848 as of September 30, 2024. We may requir
• $0.397 — ares were issued at an implied price of $0.397 per share. There were 7,153,513 and 5
• $619,867 — d yield 0.00 % The Company recognized $619,867 in stock-based compensation expense per

Filing Documents

• ixform10q.htm (10-Q) — 447KB
• exhibit31-1.htm (EX-31.1) — 9KB
• exhibit32-1.htm (EX-32.1) — 4KB
• Image1.gif (GRAPHIC) — 40KB
• 0001472375-24-000103.txt ( ) — 2071KB
• global930245-20240930.xsd (EX-101.SCH) — 16KB
• global930245-20240930_cal.xml (EX-101.CAL) — 23KB
• global930245-20240930_def.xml (EX-101.DEF) — 44KB
• global930245-20240930_lab.xml (EX-101.LAB) — 137KB
• global930245-20240930_pre.xml (EX-101.PRE) — 112KB
• ixform10q_htm.xml (XML) — 152KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION. 2 Item 1.

Financial Statements

Financial Statements. 2 Condensed Balance Sheets. 2 Condensed Statements of Operations. 3 Condensed Statements of Changes in Stockholders' Deficit 4 Condensed Statements of Cash Flows. 5 Notes to Condensed Financial Statements. 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 12 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 18 Item 4.

Controls and Procedures

Controls and Procedures. 18

– OTHER INFORMATION

PART II – OTHER INFORMATION. 19 Item 1. Legal Proceedings. 19 Item 1A. Risk Factors. 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 27 Item 3. Defaults Upon Senior Securities. 28 Item 4. Mine Safety Disclosures. 28 Item 5. Other Information. 28 Item 6. Exhibits. 29 Cautionary Statement Regarding Forward-Looking Information This Quarterly Report on Form 10-Q (this " Report ") contains forward-looking statements. In some cases, you can identify forward-looking " could, " " estimate, " " expect, " " intend, " " may, " " ongoing, " " plan, " " potential, " " predict, " " project, " " should, " or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words.

Forward-looking statements are not a guarantee of future performance or

Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the

forward-looking statements in this Report. These factors include

forward-looking statements in this Report. These factors include: our lack of a significant operating history; the ability of the Company to raise funding to support its operational plans, the terms of such financing and potential dilution caused thereby; the ability of the Company to compete the steps necessary to undertake its current operational plan, the costs associated therewith, timing relating thereto, and the ability of the Company to generate revenues associated therewith; the concentration of ownership of the Company's securities; the market for the Company's planned services, including the market for pickleball and padel; competition in the Company's industry; current negative operating cash flows and a need for additional funding to finance our operating plans; the terms of any further financing, which may be highly dilutive and may include onerous terms; increases in interest rates which may make borrowing more expensive and increased inflation which may negatively affect costs, expenses and returns; geopolitical events and regulatory changes; and the effect of changing interest rates and inflation, economic downturns and recessions, declines in economic activity or global conflicts the loss of key personnel or failure to attract, integrate and retain additional personnel; corporate governance risks; the level of competition in our industry and our ability to compete; our ability to respond to changes in our industry; our ability to protect our intellectual property and not infringe on others' intellectual property; our ability to scale our business; changes in laws and regulations; the market for our common stock; our ability to effectively manage our growth;

dilution

dilution to existing stockholders; costs and expenses associated with being a public company; risks of economic slowdowns and rescissions; changes in inflation and interest rates, supply constraints, and possible recessions caused thereby; economic downturns both in the United States and globally; risk of increased regulation of our operations; and other risk factors included under "Risk Factors" below. You should read the matters described in "Risk Factors" and the other cautionary statements made in this Report, as being applicable to all related forward-looking statements wherever they appear in this Report. We cannot assure you that the forward-looking statements in this Report will prove to be accurate and therefore prospective investors are encouraged not to place undue reliance on forward-looking statements. Other than as required by law, we undertake no obligation to update or revise these

forward-looking statements, even though our situation may change in the future

forward-looking statements, even though our situation may change in the future. 1

– Financial Information

Part I – Financial Information

Financial Statements

Item 1. Financial Statements GLOBAL ACQUISITIONS CORPORATION CONDENSED BALANCE SHEETS September 30, 2024 (unaudited) December 31, 2023 Assets Current assets: Prepaid expenses and other current assets $ 75 $ 38 Total current assets 75 38 Total Assets $ 75 $ 38 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable and accrued expenses $ 22,214 $ 22,680 Due to related parties 44,709 587,607 Total current liabilities 66,923 610,287 Commitment and Contingencies - - Stockholders' Deficit: Preferred stock, $ 0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. - - Common stock, $ 0.001 par value, 500,000,000 shares authorized, 7,153,513 and 5,658,123 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 7,153 5,658 Additional paid-in capital 29,940,954 28,728,912 Accumulated deficit ( 30,014,955 ) ( 29,344,820 ) Total stockholders' deficit ( 66,848 ) ( 610,250 ) Total Liabilities and Stockholders' Deficit $ 75 $ 38 The accompanying notes are an integral part of these unaudited condensed financial statements. 2 GLOBAL ACQUISITIONS CORPORATION CONDENSED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ending September 30, For the Nine Months Ending September 30, 2024 2023 2024 2023 Operating Expenses: General and administrative expenses $ 637,013 $ 10,776 $ 670,135 $ 47,214 Total operating expenses 637,013 10,776 670,135 47,214 Loss from operations ( 637,013 ) ( 10,776 ) ( 670,135 ) ( 47,214 ) Total Expense ( 637,013 ) ( 10,776 ) 670,135 ) ( 47,214 ) Net Loss before provision for income tax ( 637,013 ) ( 10,776 ) ( 670,135 ) ( 47,214 ) Net Loss $ ( 637,013 ) $ ( 10,776 ) $ ( 670,135 ) $ ( 47,214 ) Weighted average number of common shares outstanding - basic and fu

financial statements. Under this method, deferred tax assets and liabilities

financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. A valuation allowance is established against deferred tax assets that do not meet the criteria for recognition. In the event the Company were to determine that it would be able to realize deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the valuation allowance which would reduce the provision for income taxes. The Company follows the accounting guidance which provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized initially and in subsequent periods. Also included is guidance on measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. 7 c. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 "Fair Value Measu

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