Global-Smart.Tech Files 10-Q for Nov 30, 2024

TL;DR

Global-Smart.Tech 10-Q filed. Nov 30, 2024 period. Wyoming corp, Tivat address.

AI Summary

Global-Smart.Tech filed its 10-Q for the period ending November 30, 2024. The company, previously known as Global-Smart.Tech Inc., is incorporated in Wyoming and operates in the Finance Services sector. Its principal business address is in Tivat, Montenegro.

Why It Matters

This filing provides investors with an update on Global-Smart.Tech's financial performance and position for the recent quarter, crucial for understanding its ongoing operations and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant new disclosures that would indicate elevated risk.

Key Numbers

• 2024-11-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2025-01-10 — Filing Date (Shows when the report was officially submitted to the SEC.)

Key Players & Entities

• Global-Smart.Tech (company) — Filer and former company name
• Global-Smart.Tech Inc. (company) — Former company name
• Tivat (location) — City for business and mail address
• WY (location) — State of incorporation
• 20241130 (date) — Conformed period of report
• 20250110 (date) — Filed as of date

FAQ

Key Financial Figures

• $21,068 — $ 231,638 , used cash in operations of $21,068 during the six months ended November 30
• $1,200 — 2024, deferred revenue is estimated at $1,200. As of May 31, 2024, we had no deferred
• $363,988 — an agreement to purchase equipment for $363,988. Part of this equipment was placed in s
• $7,000 — 11, 2023. Website development costs was $7,000 and the website was placed in service o
• $100,000 — whereby Mr. Rodin agreed to loan up to $100,000 on an unsecured and interest-free basis
• $300,000 — amended to increase the loan amount by $300,000, for a maximum loan amount of $400,000,
• $400,000 — $300,000, for a maximum loan amount of $400,000, and to change the maturity date to Oct
• $50,000 — amended to increase the loan amount by $50,000, for a maximum loan amount of $450,000,
• $450,000 — y $50,000, for a maximum loan amount of $450,000, and to change the maturity date to Apr
• $550,000 — $100,000, for a maximum loan amount of $550,000. As of November 30, 2024 Mr. Rodin was
• $22,268 — ed November 30, 2024 Mr. Rodin advanced $22,268 and was repaid $1,200. 5. Common Stock
• $0.001 — n shares authorized with a par value of $0.001 per share. During the six months ended
• $57,858 — ree months ended November 30, 2024 were $57,858. The operating expenses included amorti
• $18,550 — expenses included amortization expense $18,550, professional fees of $13,696, and gene
• $13,696 — n expense $18,550, professional fees of $13,696, and general and administrative expense

Filing Documents

• gst_10q30112024.htm (10-Q) — 250KB
• ex31.htm (EX-31.1) — 19KB
• ex32.htm (EX-32.1) — 6KB
• 0001940243-25-000005.txt ( ) — 1344KB
• none-20241130.xsd (EX-101.SCH) — 10KB
• none-20241130_cal.xml (EX-101.CAL) — 20KB
• none-20241130_def.xml (EX-101.DEF) — 12KB
• none-20241130_lab.xml (EX-101.LAB) — 96KB
• none-20241130_pre.xml (EX-101.PRE) — 69KB
• gst_10q30112024_htm.xml (XML) — 124KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 17 Item 4.

Controls and Procedures

Controls and Procedures 17 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 18 Item 1A

Risk Factors

Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 Item 3. Defaults Upon Senior Securities 18 Item 4. Submission of Matters to a Vote of Securities Holders 18 Item 5. Other Information 18 Item 6. Exhibits 18

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements The accompanying interim financial statements of GLOBAL-SMART.TECH INC. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the financial financial condition, results of operations, and cash flows of the Company for the interim periods presented. 4 GLOBAL-SMART.TECH INC. Condensed Balance Sheets November 30, 2024 May 31, 2024 (Unaudited) Assets Fixed Assets Equipment, net $ 222,914 $ 259,313 Website Development, net 3,850 4,550 Total Fixed Assets 226,764 263,863 Total Assets $ 226,764 $ 263,863 Liabilities and Stockholders' Equity (Deficit) Current Liabilities Accounts Payable $ 490 $ - Accrued Salaries 25,550 - Deferred Revenue 1,200 - Loan from Related Parties 426,159 405,091 Total Current Liabilities 453,399 405,091 Total Liabilities 453,399 405,091 Stockholders' Equity (Deficit) Common Stock ($ 0.001 par value, 75,000,000 shares authorized; 5,000,000 shares issued and outstanding as of November 30, 2024 and May 31, 2024) 5,000 5,000 Accumulated Other Comprehensive Income 3 3 Accumulated Deficit ( 231,638 ) ( 146,231 ) Total Equity ( 226,635 ) ( 141,228 ) Total Liabilities & Stockholders' Equity (Deficit) $ 226,764 $ 263,863 See accompanying notes, which are an integral part of these condensed fin

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

Management's Discussion and Analysis of Financial Condition and Results of Operations Business Overview We are an emerging technology company incorporated under the laws of the state of Wyoming on April 15, 2022. 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 GPUs, our platform aims to transform the rendering process, delivering exceptional performance and revolutionizing the industry. 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 2024 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. We intend to generate revenue primarily through the sale of tariff plans for our cloud rendering services. To select the tariff plan that best fits client's requirements, they are required to contact our team to subscribe and submit their project. This allows us to choose the right tariff plan according to their project and the cloud rendering power needed. When estimating a project, we assess the required number of hours and capacity necessary to fulfill the client's needs. The tariff plans may vary depending on the number of video cards used to produce power (10, 25 and 40 video cards), as well as the time needed for rendering with a minimum option of 5 hours. Clients can contact us using the information provided in the "Contacts" section on our website (https://global-smart.tech/contacts/). After determining the project scope, the client proceeds with the payment. Once payment is received, we deliver the completed project, following the rendering pro

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