Global Technologies Ltd. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Global Technologies Ltd. has filed its Q3 2024 10-Q report.</b>

AI Summary

GLOBAL TECHNOLOGIES LTD (GTLL) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Global Technologies Ltd. filed its quarterly report (10-Q) on May 14, 2024. The report covers the fiscal period ending March 31, 2024. The company's fiscal year ends on June 30. Global Technologies Ltd. is incorporated in Delaware. The company's business and mailing address is 8 Campus Dr., Suite 105, Parsippany, NJ 07054.

Why It Matters

For investors and stakeholders tracking GLOBAL TECHNOLOGIES LTD, this filing contains several important signals. This filing provides an update on the company's financial performance and operational status for the third quarter of fiscal year 2024. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential risks.

Risk Assessment

Risk Level: low — GLOBAL TECHNOLOGIES LTD shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags.

Analyst Insight

Monitor future filings for detailed financial performance and segment data to understand growth drivers and potential challenges.

Key Numbers

• 2024-03-31 — Report Period End Date (Conformed Period of Report)
• 2024-05-14 — Filing Date (Filed as of Date)
• 0630 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• GLOBAL TECHNOLOGIES LTD (company) — Filer
• 0000932021 (company) — Central Index Key
• DE (jurisdiction) — State of Incorporation
• 8 CAMPUS DR. SUITE 105 (address) — Business Address
• PARSIPPANY, NJ 07054 (address) — Business Address
• GTLL (ticker) — Ticker Symbol

FAQ

Industry Context

The company operates in the Radio & TV Broadcasting & Communications Equipment industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze any disclosed risk factors and their potential impact on the company.
3. Compare the reported period's performance against previous periods and industry benchmarks.

Key Dates

• 2024-03-31: Quarterly Report Period End — End of the reporting period for the 10-Q filing.
• 2024-05-14: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing provided for analysis; no prior filing data is available for comparison.

Filing Documents

• form10-q.htm (10-Q) — 1234KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 6KB
• 0001493152-24-019084.txt (&nbsp;) — 6171KB
• gtll-20240331.xsd (EX-101.SCH) — 44KB
• gtll-20240331_cal.xml (EX-101.CAL) — 63KB
• gtll-20240331_def.xml (EX-101.DEF) — 214KB
• gtll-20240331_lab.xml (EX-101.LAB) — 320KB
• gtll-20240331_pre.xml (EX-101.PRE) — 287KB
• form10-q_htm.xml (XML) — 1013KB

Consolidated Financial Statements (Unaudited)

Item 1. Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and June 30, 2023 1 Condensed Consolidated Statements of Operations for the three and nine months ended March 31, 2024 and 2023 (Unaudited) 2 Condensed Consolidated Statements of Changes in Stockholders' Deficiency for the three and nine months ended March 31, 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2024 and 2023 (Unaudited) 4

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosure About Market Risk

Item 3. Quantitative and Qualitative Disclosure About Market Risk 34

Controls and Procedures

Item 4. Controls and Procedures 34

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

Item 2. Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities 35

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 35

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 35

Other Information

Item 5. Other Information 35

Exhibits

Item 6. Exhibits 36 EXHIBIT INDEX 36

SIGNATURES

SIGNATURES 37 i USE OF MARKET AND INDUSTRY DATA This Quarterly Report on Form 10-Q includes market and industry data that we have obtained from third-party sources, including industry publications, as well as industry data prepared by our management on the basis of its knowledge of and experience in the industries in which we operate (including our management's estimates and assumptions relating to such industries based on that knowledge). Management has developed its knowledge of such industries through its experience and participation in these industries. While our management believes the third-party sources referred to in this Quarterly Report on Form 10-Q are reliable, neither we nor our management have independently verified any of the data from such sources referred to in this Quarterly Report on Form 10-Q or ascertained the underlying economic assumptions relied upon by such sources. Furthermore, internally prepared and third-party market prospective information, in particular, are estimates only and there will usually be differences between the prospective and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. Also, references in this Quarterly Report on Form 10-Q to any publications, reports, surveys or articles prepared by third parties should not be construed as depicting the complete findings of the entire publication, report, survey or article. The information in any such publication, report, survey or article is not incorporated by reference in this Quarterly Report on Form 10-Q. Solely for convenience, we refer to trademarks in this Quarterly Report on Form 10-Q without the or the or symbols, but such references are not intended to indicate that we will not assert, to the fullest extent under applicable law, our rights to our own trademarks. Other service marks, trademarks and trade names referred to in this Quarterly Report on Form 10-Q, if any, are the property of the

properties

properties 25,000 - Total other assets 7,841,519 32,752 TOTAL ASSETS $ 8,112,782 $ 51,052 LIABILITIES AND STOCKHOLDERS' DEFICIENCY CURRENT LIABILITIES Accounts payable $ 85,939 $ 31,657 Accrued interest 169,145 74,984 Accrued

executive compensation

executive compensation 58,333 - Notes payable-third parties 435,000 390,000 Loans payable, related party 78,069 2,250 Contingent consideration 5,764,227 - Derivative liability 327,947 1,180,680 Total current liabilities 6,918,660 1,679,571 TOTAL LIABILITIES $ 6,918,660 $ 1,679,571 Commitments and contingencies - - Mezzanine Equity: Common stock to be issued upon conversion of Series L Preferred Stock 1,825,000 2,899,488 Total mezzanine equity 1,825,000 2,899,488 STOCKHOLDERS' DEFICIENCY Preferred stock; 5,000,000 shares authorized, $ .01 par value: Series K; 3 shares authorized, par value $ 0.01 , as of March 31, 2024 and June 30, 2023, there are 3 and 3 shares outstanding, respectively - - Series L; 500,000 shares authorized, par value $ 0.01 , as of March 31, 2024 and June 30, 2023, there are 365 and 294 shares outstanding, respectively 4 3 Preferred stock value 4 3 Class A Common stock; 14,991,000,000 shares authorized, $ .0001 par value, as of March 31, 2024 and June 30, 2023, there are 14,688,440,097 and 14,488,440,097 shares issued and outstanding, respectively 1,468,844 1,448,844 Additional paid- in capital Class A common stock 161,073,727 159,999,238 Additional paid- in capital preferred stock 1,827,285 1,472,285 Exchange shares to be issued 1,921,409 - Common stock to be issued 30,000 30,000 Accumulated deficit ( 166,952,147 ) ( 167,478,377 ) Total stockholders' deficiency ( 630,878 ) ( 4,528,007 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY $ 8,112,782 $ 51,052 The accompanying notes are an integral part of these condensed consolidated financial statements . 1 GLOBAL TECHNOLOGIES, LTD CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) For the three and nine months ended March 31, 2024 and 2023 2024 2023 2024 2023 For the Three Months Ended March 31, For the Nine Months Ended March 31, 2024 2023 2024 2023 Revenue $ 4

View Full Filing

View this 10-Q filing on SEC EDGAR