Global-Smart.Tech Posts $124K Loss, Raises Going Concern Doubts

TL;DR

**GSMT is a high-risk bet on a niche cloud rendering market, burning cash with a 'going concern' warning; steer clear until profitability is proven.**

AI Summary

Global-Smart.Tech Inc. (GSMT) reported minimal revenue of $6,868 for the fiscal year ended May 31, 2025, a significant increase from $0 in the prior year, as it focuses on expanding cloud rendering operations for 3D interior designers. Despite this revenue growth, the company incurred a net loss of $124,374 in fiscal year 2025, up from a net loss of $91,409 in fiscal year 2024. Total expenses surged to $131,242 in 2025, primarily driven by a $25,550 platform expense, $1,905 in IT & software costs, and $74,197 in depreciation expense, reflecting investments in its technology infrastructure. The company faces substantial doubt about its ability to continue as a going concern, evidenced by an accumulated deficit of $270,605 and $38,922 cash used in operations as of May 31, 2025. Strategic outlook involves financing operating costs through related party loans, including $26,224 from CEO Yehor Rodin in 2025, and the sale of common stock, which generated $26,841 in proceeds during the same period.

Why It Matters

Global-Smart.Tech's 10-K reveals a nascent company with a promising niche in cloud rendering for 3D designers, but significant financial fragility. The 'going concern' warning from auditors and the accumulated deficit of $270,605 signal high risk for investors, indicating a heavy reliance on future financing and profitability. For employees, primarily CEO Yehor Rodin, the company's viability hinges on successful capital raises and market penetration against established cloud service providers. Customers, 3D interior designers, benefit from specialized rendering services, but the company's financial instability could impact service continuity and future innovation in a competitive market.

Risk Assessment

Risk Level: high — The company explicitly states an 'accumulated deficit of $270,605' and 'used cash in operations of $38,922' for the year ended May 31, 2025, leading to a 'going concern' opinion from auditors. Furthermore, the company has 'minimal revenue of $6,868' and relies on 'related party loans' and 'sale of common stock' for future funding, indicating significant financial instability and dependence on external capital.

Analyst Insight

Investors should exercise extreme caution and avoid GSMT stock given the 'going concern' warning, accumulated deficit of $270,605, and minimal revenue of $6,868. Potential investors should wait for clear evidence of sustained revenue growth, reduced losses, and a solidified financial position before considering any investment.

Financial Highlights

debt To Equity

N/A

revenue

$6,868

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

-$124,374

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

+N/A%

Revenue Breakdown

Key Numbers

• $6,868 — Total Revenue (Generated for the year ended May 31, 2025, up from $0 in 2024.)
• $124,374 — Net Loss (Recorded for the year ended May 31, 2025, an increase from $91,409 in 2024.)
• $270,605 — Accumulated Deficit (As of May 31, 2025, raising substantial doubt about going concern.)
• $38,922 — Cash Used in Operations (For the year ended May 31, 2025, indicating ongoing cash burn.)
• $131,242 — Total Expenses (For the year ended May 31, 2025, up from $91,409 in 2024.)
• $25,550 — Platform Expense (Key expenditure for the year ended May 31, 2025, supporting commercial activities.)
• $74,197 — Depreciation Expense (Significant expense for both 2025 and 2024, reflecting asset usage.)
• $26,841 — Cash from Sale of Common Stock (Received during the year ended May 31, 2025, for financing activities.)
• $26,224 — Advances from CEO Yehor Rodin (Provided during the year ended May 31, 2025, to cover company expenses.)
• 6,134,780 — Common Stock Outstanding (As of August 28, 2025, with a par value of $0.001.)

Key Players & Entities

• Global-Smart.Tech Inc. (company) — registrant
• Yehor Rodin (person) — President, CEO, Treasurer, Secretary, Director, and sole employee
• Genismarlon Da Silva Nunes (person) — independent director
• SEC (regulator) — Securities and Exchange Commission
• FASB (regulator) — Financial Accounting Standards Board
• Wyoming (regulator) — State of incorporation
• Montenegro (regulator) — Location of principal executive offices

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has an accumulated deficit of $270,605 and used $38,922 in cash from operations in FY2025, reporting a net loss of $124,374. These factors, coupled with auditor's opinion, raise substantial doubt about its ability to continue as a going concern.
• Dependence on External Financing [high — financial]: The company's ability to continue operations relies on generating profitable operations and/or obtaining necessary financing through related party loans and stock sales. Management intends to finance operating costs for the next twelve months via these methods.
• Limited Revenue Generation [medium — operational]: The company generated only $6,868 in revenue in FY2025, indicating a nascent stage of business development. Significant revenue is not anticipated until sufficient funds are raised for a marketing program.
• High Operating Expenses [medium — operational]: Total expenses surged to $131,242 in FY2025, driven by platform expenses ($25,550) and significant depreciation ($74,197), outpacing revenue generation.
• Cybersecurity Management [low — operational]: While management states information security is under control via internal rules, the effectiveness and robustness of these measures are not detailed, posing a potential risk if not adequately implemented.

Industry Context

Global-Smart.Tech operates in the cloud rendering sector, targeting 3D interior designers. This market is characterized by the increasing demand for high-quality visualization in interior design and architecture. The company aims to differentiate by offering a cost-effective and high-performance platform leveraging GPUs.

Regulatory Implications

As a development stage company, Global-Smart.Tech faces standard SEC reporting requirements. The 'going concern' disclosure is a critical regulatory requirement due to its financial condition, signaling potential risks to investors and creditors.

What Investors Should Do

1. Monitor future financing rounds closely, as the company's survival depends on securing additional capital through stock sales and related party loans.
2. Evaluate the company's ability to scale revenue generation beyond the current minimal $6,868, as significant investment in marketing is required.
3. Assess the long-term viability of the cloud rendering platform and its competitive positioning against established players in the visualization software market.
4. Understand the terms and repayment structure of related party loans, particularly those from CEO Yehor Rodin, to gauge potential conflicts of interest and financial strain.

Key Dates

• 2022-04-15: Company Incorporation — Marks the legal establishment of Global-Smart.Tech Inc.
• 2024-05-31: Fiscal Year End 2024 — Reported $0 revenue and a net loss of $91,409.
• 2025-05-31: Fiscal Year End 2025 — Reported $6,868 revenue, a net loss of $124,374, and an accumulated deficit of $270,605, raising going concern doubts.
• 2025-08-28: Common Stock Outstanding Date — As of this date, 6,134,780 shares of common stock were outstanding.

Glossary

Going Concern

An accounting assumption that a company will continue to operate for the foreseeable future. If there is substantial doubt about this, it must be disclosed. (The company's financial statements are prepared on a going concern basis, but substantial doubt exists due to its accumulated deficit and cash burn.)

Accumulated Deficit

The total cumulative net losses of a company since its inception, minus any cumulative net income. (A significant accumulated deficit of $270,605 indicates the company has not yet achieved profitability.)

Related Party Loans

Loans made between entities that are not independent, such as between a company and its executives or major shareholders. (The company plans to finance its operations through related party loans, including from its CEO, Yehor Rodin ($26,224 in 2025).)

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life. (A substantial depreciation expense of $74,197 in FY2025 reflects significant investment in technology infrastructure.)

GPUs

Graphics Processing Units, specialized electronic circuits designed to rapidly manipulate and alter memory to accelerate the creation of images. (The company's cloud rendering platform leverages GPUs to transform the rendering process for 3D interior designers.)

Year-Over-Year Comparison

Global-Smart.Tech has shown minimal revenue growth, increasing from $0 in FY2024 to $6,868 in FY2025. However, net losses have widened from $91,409 to $124,374, and total expenses have risen significantly to $131,242. The company continues to face substantial doubt about its going concern status, with an accumulated deficit of $270,605 and ongoing cash burn from operations.

Key Financial Figures

• $0.001 — g as of August 28, 2025 Common Stock: $0.001 6,134,780 2 TABLE OF CONTENTS Pag
• $270,605 — Tech Inc. has an accumulated deficit of $270,605 and during the year ended May 31, 2025,
• $38,922 — ay 31, 2025, used cash in operations of $38,922 has reported a net loss of $124,374. Th
• $124,374 — s of $38,922 has reported a net loss of $124,374. These factors raise substantial doubt
• $6,868 — nue for the year ended May 31, 2025 was $6,868 and $0 was generated for the year ended
• $0 — year ended May 31, 2025 was $6,868 and $0 was generated for the year ended May 31
• $131,242, m — es for the year ended May 31, 2025 were $131,242, made up of office expenses of $15, profes
• $15 — $131,242, made up of office expenses of $15, professional fees of $29,513, IT & sof
• $29,513 — e expenses of $15, professional fees of $29,513, IT & software expenses of $1,905, plat
• $1,905 — s of $29,513, IT & software expenses of $1,905, platform expense of $25,550, business
• $25,550, b — expenses of $1,905, platform expense of $25,550, business licenses and permits of $60, ban
• $60, b — 5,550, business licenses and permits of $60, bank service charges of $2, and depreciat
• $2 — permits of $60, bank service charges of $2, and depreciation expense of $74,197 T
• $74,197 — rges of $2, and depreciation expense of $74,197 Total expenses for the year ended May
• $91,409 m — es for the year ended May 31, 2024 were $91,409 made up of professional fees of $17,212,

Filing Documents

• gst10k2025.htm (10-K) — 314KB
• ex31_1.htm (EX-31.1) — 13KB
• ex32_1.htm (EX-32.1) — 5KB
• exhibit19_1.htm (EX-19.1) — 37KB
• 0001940243-25-000023.txt ( ) — 1586KB
• none-20250531.xsd (EX-101.SCH) — 12KB
• none-20250531_cal.xml (EX-101.CAL) — 23KB
• none-20250531_def.xml (EX-101.DEF) — 14KB
• none-20250531_lab.xml (EX-101.LAB) — 109KB
• none-20250531_pre.xml (EX-101.PRE) — 79KB
• gst10k2025_htm.xml (XML) — 121KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 6 Item 1C. Cybersecurity 6 Item 2.

Properties

Properties 6 Item 3.

Legal Proceedings

Legal Proceedings 6 Item 4. Mine Safety Disclosures 6 PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities 7 Item 6.

Selected Financial Data

Selected Financial Data 7 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 8 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 11 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 11 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 11 Item 9A.

Controls and Procedures

Controls and Procedures 12 Item 9B. Other Information 13 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 13 PART III Item 10. Directors, Executive Officers and Corporate Governance 14 Item 11.

Executive Compensation

Executive Compensation 17 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 17 Item 13. Certain Relationships and Related Transactions, and Director Independence 18 Item 14. Principal Accountant Fees and Services 18 PART IV Item 15. Exhibits, Financial Statement Schedules 19 Item 16. Form 10-K Summary 19

Signatures

Signatures 20 3 PART I Forward-Looking This Annual Report on Form 10-K contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Certain and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. ITEM 1.

Business

Business General information about our Company Global-Smart.Tech Inc.("the Company", "we", "us" or "our") was incorporated on April 15, 2022 under the laws of the State of Wyoming United States of America. As part of our business evolution, we are focusing on expanding our operations in cloud rendering. Our primary objective is the development of an advanced platform dedicated to 3D interior designers and visualizers. Leveraging the power of graphic processing units ("GPUs"), our platform aims to transform the rendering process, delivering exceptional performance and revolutionizing the industry. Our website is located at https://global-smart.tech. Plan of Operations The Company's business model centers on cloud rendering services. We believe that revenue growth and long-term profitability can be achieved in the year 2025 and beyond by ensuring the technical performance of our cloud rendering platform remains highly cost-effective. As we continue to expand, the gradual growth of our cloud rendering will provide opportunities to increase revenue from the sale of rendering capacities. 4 Monetization Strategy We generate revenue primarily through the sale of pricing plans for our cloud rendering services, which are provided through our online platform. Clients initiate a project request by contacting our team via the "Contacts" section of our website (https://global-smart.tech/contacts/). Following this initial contact, clients are required to submit a link to their project files stored in a cloud-based storage service. Once the files are received, our specialists conduct a comprehensive evaluation of the project. This includes analyzing the file contents, assessing data volume, scene complexity, and necessary rendering parameters. Based on this assessment, we recommend the most suitable pricing plan that aligns with the project's technical requirements and the client's needs. Our pricing plans vary based on the number of video cards (10, 25, or 40 GPUs) al

Risk Factors

Risk Factors Not required for Smaller reporting companies. ITEM 1B. Unresolved Staff comments Not required for Smaller reporting companies. ITEM 1C. Cybersecurity The security of information is under management control and ensured by internal security rules applied. ITEM 2.

Properties

Properties Our principal executive offices are located at Kava b.b., 85320 Tivat, Montenegro. Our telephone number is +12052165924. ITEM 3.

Legal Proceedings

Legal Proceedings We are not currently a party to any legal proceedings, nor to the knowledge of management is any litigation threatened against us, which may materially affect us. ITEM 4. Mine Safety Disclosures Not applicable. 6 PART II ITEM 5. Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities The Company stock is currently not trading on any exchange. We cannot assure that any market will develop or be sustained for our shares, Holders of Our Common Stock As of May 31, 2025, the 5,894,680 issued and outstanding shares of common stock were held by a total of 25 shareholder of record. Dividends The Company has never declared or paid cash dividends on its common stock and does not anticipate paying cash dividends in the foreseeable future. Securities Authorized for Issuance under Equity Compensation Plans During our fiscal years ended May 31, 2025 and 2024, we had no sales of unregistered shares. Recent Sales of Unregistered Securities During the fiscal year ended May 31, 2025 and 2024, the Company did not repurchase any shares of its common stock. ITEM 6.

Selected Financial Data

Selected Financial Data Not applicable. 7 ITEM 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations We are a development stage corporation with limited operations and minimal revenues from our business operations. The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statements as of May 31, 2025, that appear elsewhere in this filing. This filing contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments. Going Concern Our financial liabilities and commitments in the normal course of business for the foreseeable future. As of May 31, 2025 Global-Smart.Tech Inc. has an accumulated deficit of $270,605 and during the year ended May 31, 2025, used cash in operations of $38,922 has reported a net loss of $124,374. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance opera

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data The Company's Financial Statements required by Item 8, together with the reports therein of the Independent Registered Public Accounting Firm are set forth on pages F-1 through F-13 of this report and are incorporated by reference in this Item 8. ITEM 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure There were no changes in or disagreements with accountants on accounting or financial disclosure during the fiscal year ended May 31, 2025. 11 ITEM 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of May 31, 2025. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Ac

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