GLOBAL TECH INDUSTRIES GROUP, INC. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
Adjustments to reconcile net loss to net cash used in operating activities (net of acquisition):
Depreciation
Stock issued for services and donations
Stock issued for donations to medical research
Stock issued for charitable donations
Stock issued for directors fees related party
Imputed interest on loan
(Gain) loss on marketable securities
Gain on settlements and debt relief
Gain on debt conversion
Gain on asset sales
Debt foregivess
Loss on marketable securities
Impairment expense
Change in operating assets and liabilities
(Increase)/Decrease is prepaid expenses
(Increase)/Decrease is accounts receivable
(Increase)/Decrease is inventory
Increase(Decrease) in accounts payable and accrued expenses
Increase (decrease) in accounts payable and accrued expenses-officers and directors
Increase in accrued interest payable
Increase in accrued interest payable-officers and directors
Increase in accounts payable and accrued expenses-related parties
Increase(Decrease) in accrued interest payable

Net Cash Used in Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Cash acquired in GTI acquisition
Cash returned in acquisition reversal BEC
Cash acquired in GTI acquisition from license acquisition
Cash from sale of assets
Cash acquired from BEC acquisition
Cash paid for property and equipment
Proceeds from sale of marketable securities
Cash paid for other assets
Net Cash Provided by (Used in) Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from private placement
Proceeds from issuance of common stock
Proceeds from convertible debenture
Payments on notes payable
Proceeds from exercise of warrants
Proceeds from subsidiary shareholder advance
Proceeds fron note payable
Proceeds received from (paid on) convertible debentures
Proceeds received from / (paid on) convertible debentures
Proceeds from warrants
Payments to officers and directors
Proceeds from officers and directors
Net Cash Provided by Financing Activities

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS, END OF PERIOD
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification of accruals to notes payable, related party
Conversion of accruals and notes payable-related party to stock
Conversion of accrual and notes payable-related party to options
Gain on forgiveness of debt - related party
Stock issued and held in escrow for potential acquisitions
Assets acquired from Bronx with share issuance
Liabilities assumed from Bronx with share issuance
Additions to ROU assets obtained from acquired operating lease liabilities
Operating lease liabilities acquired from Bronx in acquisition
Stock held in escrow
Debt converted to stock
Assets acquired from BEC with issuance of common stock
Liabilities assumed from BEC with issuance of common stock
Initial recognition of right of use asset and lease liability in acquisition of BEC
Stock issued for asset acquisition
Warrants issued as a dividend to shareholders

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