$GLTK
GlobalTech Corp Stock $gltk

$gltk Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000147793223006277 Filed on August 18, 2023

Income Statement

Concept	2023 Q2	2022 Q2
Revenue	$2.818M	$2.691M
YoY Change	4.72%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit	-$2.062M	-$1.104M
YoY Change	86.7%
Interest Expense	$484.4K	$828.4K
YoY Change	-41.53%
% of Operating Profit
Other Income/Expense, Net	$948.2K
YoY Change
Pretax Income	$520.7K	-$1.422M
YoY Change	-136.61%
Income Tax	$41.62K	$32.77K
% Of Pretax Income	7.99%
Net Earnings	$479.1K	-$1.455M
YoY Change	-132.93%
Net Earnings / Revenue	17.0%	-54.07%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding	139.8M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2022 Q4	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$750.5K	$756.2K	$3.703M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$831.0K	$1.067M
Prepaid Expenses		$14.84K
Receivables	$4.649M	$3.303M
Other Receivables
Total Short-Term Assets	$13.40M	$12.52M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$17.91M	$23.72M
YoY Change
Goodwill		$23.61M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$44.09M	$78.22M
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$13.40M	$12.52M
Total Long-Term Assets	$44.09M	$78.22M
Total Assets	$57.49M	$90.75M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$10.50M	$11.63M
YoY Change
Accrued Expenses	$2.000M	$2.042M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$1.216M	$1.532M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$33.70M	$38.55M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities		$1.867M
YoY Change
Total Long-Term Liabilities	$6.784M	$10.25M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$33.70M	$38.55M
Total Long-Term Liabilities	$6.784M	$10.25M
Total Liabilities	$40.48M	$48.80M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings	-$33.92M	-$19.11M
YoY Change
Common Stock	$13.98K	$13.98K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$35.61M	$41.95M
YoY Change
Total Liabilities & Shareholders Equity	$57.49M	$90.75M
YoY Change

Cashflow Statement

Concept	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$479.1K	-$1.455M
YoY Change	-132.93%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	675646	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	955681	usd
CY2023Q2	global	Operating Lease Liability Amount OperatingLeaseLiabilityAmount	871341	usd
CY2022Q4	global	Operating Lease Liability Amount OperatingLeaseLiabilityAmount	1374288	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1334671	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	140000	usd
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	139833391	shares
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	750478	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	756231	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	2112494	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	2364341	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4649036	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3302580	usd
CY2023Q2	us-gaap	Short Term Investments ShortTermInvestments	116918	usd
CY2022Q4	us-gaap	Short Term Investments ShortTermInvestments	171529	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	13546	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0001938338
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	139833391	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	139833391	shares
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-1938338
	dei	Entity Registrant Name EntityRegistrantName	GLOBALTECH CORPORATION
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-3926338
	dei	Entity Address Address Line1 EntityAddressAddressLine1	3550 Barron Way Suite 13a
	dei	Entity Address City Or Town EntityAddressCityOrTown	Reno
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89511
	dei	City Area Code CityAreaCode	775
	dei	Local Phone Number LocalPhoneNumber	624 4817
	dei	Security12b Title Security12bTitle	Common Stock, $0.0001 par value
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	14839	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	830954	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	1066725	usd
CY2023Q2	us-gaap	Federal Home Loan Bank Advances FederalHomeLoanBankAdvances	3582727	usd
CY2022Q4	us-gaap	Federal Home Loan Bank Advances FederalHomeLoanBankAdvances	3668905	usd
CY2023Q2	us-gaap	Other Receivables OtherReceivables	1343933	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	1178698	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	13400087	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	12523848	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	17912852	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	23715533	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	488101	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	707991	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	12247765	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	15486689	usd
CY2023Q2	global	Long Term Loans And Other Assets LongTermLoansAndOtherAssets	5185355	usd
CY2022Q4	global	Long Term Loans And Other Assets LongTermLoansAndOtherAssets	3637739	usd
CY2023Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	8257196	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	11065173	usd
CY2023Q2	us-gaap	Assets Assets	57491354	usd
CY2022Q4	us-gaap	Assets Assets	67136973	usd
CY2023Q2	us-gaap	Other Loans Payable OtherLoansPayable	24916288	usd
CY2022Q4	us-gaap	Other Loans Payable OtherLoansPayable	28027230	usd
CY2023Q2	global	Current Portion Of Non Current Liabilities CurrentPortionOfNonCurrentLiabilities	4222013	usd
CY2022Q4	global	Current Portion Of Non Current Liabilities CurrentPortionOfNonCurrentLiabilities	5267245	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2000387	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2041753	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	1216113	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	1531718	usd
CY2023Q2	global	Provision For Taxation Net ProvisionForTaxationNet	1341848	usd
CY2022Q4	global	Provision For Taxation Net ProvisionForTaxationNet	1678731	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	33696649	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	38546677	usd
CY2023Q2	global	Term Finance Certificates TermFinanceCertificates	2640916	usd
CY2022Q4	global	Term Finance Certificates TermFinanceCertificates	4042807	usd
CY2023Q2	global	Long Term Financing Secured LongTermFinancingSecured	1529655	usd
CY2022Q4	global	Long Term Financing Secured LongTermFinancingSecured	1376205	usd
CY2023Q2	us-gaap	Deposits Deposits	1190271	usd
CY2022Q4	us-gaap	Deposits Deposits	1807353	usd
CY2023Q2	global	License Fee Payable LicenseFeePayable	158527	usd
CY2022Q4	global	License Fee Payable LicenseFeePayable	200586	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	675646	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	955681	usd
CY2023Q2	us-gaap	Other Notes Payable OtherNotesPayable	589379	usd
CY2022Q4	us-gaap	Other Notes Payable OtherNotesPayable	1866732	usd
CY2023Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	6784393	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	10249365	usd
CY2023Q2	us-gaap	Liabilities Liabilities	40481042	usd
CY2022Q4	us-gaap	Liabilities Liabilities	48796041	usd
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	2978090	usd
CY2023Q2	global	Dividend On Preferred Stock DividendOnPreferredStock	0	usd
CY2022Q4	global	Dividend On Preferred Stock DividendOnPreferredStock	1085625	usd
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	139833391	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	139833391	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	13983	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	13983	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Before Tax1 AccumulatedOtherComprehensiveIncomeLossBeforeTax1	-1703488	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Before Tax1 AccumulatedOtherComprehensiveIncomeLossBeforeTax1	-769359	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-33915953	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-34741377	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-35605458	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-31433038	usd
CY2023Q2	us-gaap	Minority Interest MinorityInterest	52615771	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	49773970	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	17010312	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18340932	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	57491354	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	67136973	usd
CY2023Q2	us-gaap	Revenues Revenues	2817665	usd
CY2022Q2	us-gaap	Revenues Revenues	2690757	usd
	us-gaap	Revenues Revenues	5286038	usd
	us-gaap	Revenues Revenues	5644880	usd
CY2023Q2	us-gaap	Direct Operating Costs DirectOperatingCosts	2642855	usd
CY2022Q2	us-gaap	Direct Operating Costs DirectOperatingCosts	1597735	usd
	us-gaap	Direct Operating Costs DirectOperatingCosts	4781677	usd
	us-gaap	Direct Operating Costs DirectOperatingCosts	3410953	usd
CY2023Q2	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	591510	usd
CY2022Q2	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	593986	usd
	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	1072650	usd
	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	1145877	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	696730	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1216795	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1403906	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2342381	usd
CY2023Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	948190	usd
CY2022Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	386475	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4023009	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-537408	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-2061620	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1104235	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-5995204	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1791739	usd
CY2023Q2	us-gaap	Other Income OtherIncome	3066730	usd
CY2022Q2	us-gaap	Other Income OtherIncome	510371	usd
	us-gaap	Other Income OtherIncome	3082282	usd
	us-gaap	Other Income OtherIncome	785095	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	484379	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	828380	usd
	us-gaap	Interest Expense InterestExpense	909474	usd
	us-gaap	Interest Expense InterestExpense	1574609	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	520731	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1422244	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3822396	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2581253	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41624	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	32767	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	80732	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	68873	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	479107	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-1455011	usd
	us-gaap	Net Income Loss NetIncomeLoss	-3903128	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2650127	usd
CY2023Q2	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	264467	usd
CY2022Q2	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-851181	usd
	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-2154526	usd
	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-1550324	usd
CY2023Q2	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	214640	usd
CY2022Q2	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	-603829	usd
	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	-1748601	usd
	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	-1099803	usd
CY2023Q2	global	Net Loss Income Attributable NetLossIncomeAttributable	479107	usd
CY2022Q2	global	Net Loss Income Attributable NetLossIncomeAttributable	-1455011	usd
	global	Net Loss Income Attributable NetLossIncomeAttributable	-3903128	usd
	global	Net Loss Income Attributable NetLossIncomeAttributable	-2650127	usd
CY2023Q2	global	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	0.00
CY2022Q2	global	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
	global	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.02
	global	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
CY2023Q2	global	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	139833391	shares
CY2022Q2	global	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	139833391	shares
	global	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	139833391	shares
	global	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	139833391	shares
	us-gaap	Net Income Loss NetIncomeLoss	-3903128	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2650127	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1403906	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2342381	usd
	global	Interest Accretion On Liabilities InterestAccretionOnLiabilities	800140	usd
	global	Interest Accretion On Liabilities InterestAccretionOnLiabilities	1674721	usd
	us-gaap	Business Combination Separately Recognized Transactions Revenues And Gains Recognized BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized	0	usd
	us-gaap	Business Combination Separately Recognized Transactions Revenues And Gains Recognized BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized	1965154	usd
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	0	usd
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	81890	usd
	us-gaap	Postemployment Benefits Period Expense PostemploymentBenefitsPeriodExpense	11576	usd
	us-gaap	Postemployment Benefits Period Expense PostemploymentBenefitsPeriodExpense	105519	usd
	global	Income On Deposits Advances And Savings Accounts IncomeOnDepositsAdvancesAndSavingsAccounts	-313290	usd
	global	Income On Deposits Advances And Savings Accounts IncomeOnDepositsAdvancesAndSavingsAccounts	-154906	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-235771	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-171349	usd
	us-gaap	Increase Decrease In Debt Securities Trading IncreaseDecreaseInDebtSecuritiesTrading	1346456	usd
	us-gaap	Increase Decrease In Debt Securities Trading IncreaseDecreaseInDebtSecuritiesTrading	4158340	usd
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	86178	usd
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	28679	usd
	global	Increase Decrease In Short Term Investment IncreaseDecreaseInShortTermInvestment	54611	usd
	global	Increase Decrease In Short Term Investment IncreaseDecreaseInShortTermInvestment	-757909	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-1293	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-403170	usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	165234	usd
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-18414	usd
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-3110942	usd
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-3515639	usd
	global	Increase Decrease In Long Term Deposits And Payables IncreaseDecreaseInLongTermDepositsAndPayables	-617082	usd
	global	Increase Decrease In Long Term Deposits And Payables IncreaseDecreaseInLongTermDepositsAndPayables	725895	usd
	global	Increase Decrease In Other Payables IncreaseDecreaseInOtherPayables	-1277353	usd
	global	Increase Decrease In Other Payables IncreaseDecreaseInOtherPayables	-840893	usd
	global	Incease Decrease In Long Term Loans And Other Assets InceaseDecreaseInLongTermLoansAndOtherAssets	1547615	usd
	global	Incease Decrease In Long Term Loans And Other Assets InceaseDecreaseInLongTermLoansAndOtherAssets	-2088946	usd
	us-gaap	Increase Decrease In Postemployment Obligations IncreaseDecreaseInPostemploymentObligations	-10891	usd
	us-gaap	Increase Decrease In Postemployment Obligations IncreaseDecreaseInPostemploymentObligations	-830	usd
	global	Incease Decrease In Income On Deposit And Savings Accounts InceaseDecreaseInIncomeOnDepositAndSavingsAccounts	-313290	usd
	global	Incease Decrease In Income On Deposit And Savings Accounts InceaseDecreaseInIncomeOnDepositAndSavingsAccounts	-154906	usd
	global	Other Payablesoperatingleasepayments OtherPayablesoperatingleasepayments	62337	usd
	global	Other Payablesoperatingleasepayments OtherPayablesoperatingleasepayments	64204	usd
	global	Finance Cost Paid FinanceCostPaid	281941	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-3903128	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2650127	usd
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CY2023Q2	global	Other Comprehensive Income Changes In Fair Value Of Financial Assets Through Other Comprehensive Income OtherComprehensiveIncomeChangesInFairValueOfFinancialAssetsThroughOtherComprehensiveIncome	-27062	usd
CY2022Q2	global	Other Comprehensive Income Changes In Fair Value Of Financial Assets Through Other Comprehensive Income OtherComprehensiveIncomeChangesInFairValueOfFinancialAssetsThroughOtherComprehensiveIncome	5697867	usd
	global	Other Comprehensive Income Changes In Fair Value Of Financial Assets Through Other Comprehensive Income OtherComprehensiveIncomeChangesInFairValueOfFinancialAssetsThroughOtherComprehensiveIncome	-526495	usd
	global	Other Comprehensive Income Changes In Fair Value Of Financial Assets Through Other Comprehensive Income OtherComprehensiveIncomeChangesInFairValueOfFinancialAssetsThroughOtherComprehensiveIncome	3717549	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-237892	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	4486985	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	2675703	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	5405728	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-264954	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	10184852	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	2149208	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	9123277	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	214153	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	8729842	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1753920	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	6743150	usd
CY2023Q2	global	Comprehensive Loss Attributable Tocommon Share Holders Of Global Tech Corporation ComprehensiveLossAttributableTocommonShareHoldersOfGlobalTechCorporation	118213	usd
CY2022Q2	global	Comprehensive Loss Attributable Tocommon Share Holders Of Global Tech Corporation ComprehensiveLossAttributableTocommonShareHoldersOfGlobalTechCorporation	5106957	usd
	global	Comprehensive Loss Attributable Tocommon Share Holders Of Global Tech Corporation ComprehensiveLossAttributableTocommonShareHoldersOfGlobalTechCorporation	-968164	usd
	global	Comprehensive Loss Attributable Tocommon Share Holders Of Global Tech Corporation ComprehensiveLossAttributableTocommonShareHoldersOfGlobalTechCorporation	-3786793	usd
CY2023Q2	global	Comprehensive Loss Attributable To Non Controlling Interest ComprehensiveLossAttributableToNonControllingInterest	95941	usd
CY2022Q2	global	Comprehensive Loss Attributable To Non Controlling Interest ComprehensiveLossAttributableToNonControllingInterest	3622884	usd
	global	Comprehensive Loss Attributable To Non Controlling Interest ComprehensiveLossAttributableToNonControllingInterest	-785756	usd
	global	Comprehensive Loss Attributable To Non Controlling Interest ComprehensiveLossAttributableToNonControllingInterest	-2686357	usd
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CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	8729842	usd
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	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-6437150	usd
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	us-gaap	Profit Loss ProfitLoss	-2650127	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	9123277	usd
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	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2153526	usd
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	us-gaap	Profit Loss ProfitLoss	-3903128	usd
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	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	423300	usd
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CY2023Q2	global	Comprehensive Income For The Three Months ComprehensiveIncomeForTheThreeMonths	214154	usd
CY2023Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	0	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	0	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1. ORGANIZATION AND BUSINESS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">GlobalTech Corporation (“The Company”) is a Nevada Corporation, incorporated with name of Elko Broadband Inc (“EBI”) on December 12, 2017. The Company changed its name on March 23, 2022, to GlobalTech Corporation following a plan of reorganization as disclosed in a following paragraph, GlobalTech Corporation is a broadband company and provides broadband services.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A Plan and Agreement of Reorganization dated December 31, 2021, has been entered into by and between Elko Broadband Inc., (now as GlobalTech Corporation) and Worldcall Holding Inc.(“WHI”), wherein transfer of all assets, properties and business of WHI, in exchange of 117,299,473 common stocks of GlobalTech Corporation the then Elko Broadband Inc.(“EBI”) par value $0.0001 per share. Plan of reorganization required name change to WorldCall Broadband Inc (“WBI”). This requirement was subsequently amended to change name to GlobalTech Corporation.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">However, if trading of shares of the common stock of the Company on OTC Markets is not commenced by December 31, 2022, or such later date as is agreed by WHI stockholders and EBI in writing, then such non-commencement of trading shall forthwith entitle the WHI stockholders to cancel, reverse and unwind the Overall Transaction, in consequence, whereof the 117,299,473 shares of the Company, representing eighty-five percent (85%) of the voting power in the Company, that are held by the WHI Stockholders shall be returned to the EBI Shareholders, and all of the WorldCall Services Limited shares and the Ferret Consulting shares that are then held by the Company shall be returned to the WHI Stockholders, at no further cost to either side involved. On December 16, 2023, Merger and Reorganization Agreement was amended to September 30, 2023, for trading to commence. As of the filing of this amendment trading of shares has not commenced. The Company has applied for and received a Cusip number and has also applied for a symbol.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1.1. Legal Subsidiaries</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1.1.1. WorldCall Telecom Limited</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company - owned, directly and indirectly through shareholders in aggregate 55.2% of shares and control in WorldCall Telecom Limited (“WTL”).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">WTL is a public limited Company, incorporated in Pakistan on March 15, 2001, under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017). Its shares are quoted on Pakistan Stock Exchange. WTL commenced its operations on December 01, 2004, and is engaged in providing Wireless Local Loop (“WLL”) and Long Distance & International (“LDI”) services in Pakistan; re-broadcasting international/national satellite/terrestrial wireless and cable television and radio signals; interactive communication and to establish, maintain and operate the licensed telephony services. The Group has been licensed by Pakistan Telecommunication Authority (“PTA”) and Pakistan Electronic Media Regulatory Authority (“PEMRA”) for these purposes. WTL is domiciled in Pakistan and its registered office cum principal place of business is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1.1.2. WorldCall Services (Pvt) Limited</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">WorldCall Services (Private) Limited (“WSL”), a wholly owned subsidiary of the Company, was incorporated on October 05, 2009, as a private limited Company in Pakistan, under the Companies Ordinance 1984 (Repealed) now Companies Act 2017. The objects of WSL include, but not limited to carrying on and undertaking the business of providing channel placement services, payphone services and generating revenue from communication services. The registered office of WSL is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1.1.3. Ferret Consulting - (FZC)</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Ferret Consulting (FZC), a wholly owned subsidiary of the Company, is a limited liability company registered in Emirates of Ajman, UAE as a Free Zone Company, in accordance with the Free Zone laws and regulations enforced in the Emirates of Ajman, U.A.E. It was registered on 24 Aug 2016 and commenced operations thereon.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1.1.4. Rout 1 Digital (Pvt) Limited</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Route 1 Digital is a private limited company, a wholly owned subsidiary of Worldcall Telecom Limited, incorporated under the Companies Ordinance 1984 (now Companies Act 2017) on December 21, 2016. The primary business is to carry out the business of all transport services, sharing motor vehicle transportation with another or others, and consultancy in the field of information technology, software development and all activities ancillary thereto. The registered office of the Company is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan.</p>
CY2022	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	7000000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Use of Estimates </strong>— The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include but are not limited to: (1) impairment of long-lived assets, (2) depreciable lives of assets, (3) allowance for doubtful accounts, (4) fair value of identifiable tangible and intangible assets, including determination of expected useful life, (5) estimating lease terms and incremental borrowing rates. Actual results could significantly differ from those estimates.</p>
CY2023Q2	us-gaap	Line Of Credit LineOfCredit	110000	usd
CY2022Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	1376205	usd
CY2022Q1	us-gaap	Debt Instrument Periodic Payment Interest DebtInstrumentPeriodicPaymentInterest	69000.000	usd
CY2023Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	1529656	usd
	global	Revenue Gross RevenueGross	5321311	usd
	global	Revenue Gross RevenueGross	5720389	usd

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$GLTK
GlobalTech Corp Stock $gltk

2023 Q2 Form 10-Q Financial Statement

#000147793223006277 Filed on August 18, 2023

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$GLTK GlobalTech Corp Stock $gltk

2023 Q2 Form 10-Q Financial Statement

#000147793223006277 Filed on August 18, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLTK
GlobalTech Corp Stock $gltk