$GTCH
GBT Technologies Inc.

2022 Q1 Form 10-Q Financial Statement

#000173112222000980 Filed on May 23, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $270.0K $45.00K $45.00K
YoY Change 499.93% 0.0% 0.0%
Cost Of Revenue $209.0K
YoY Change
Gross Profit $60.98K $45.00K
YoY Change 35.51%
Gross Profit Margin 22.59% 100.0%
Selling, General & Admin $1.006M $808.7K $840.3K
YoY Change 19.77% -14.71% 121.69%
% of Gross Profit 1650.38% 1867.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Operating Expenses $1.006M $808.7K $840.3K
YoY Change 19.77% -14.71% 121.69%
Operating Profit -$945.4K -$795.3K
YoY Change 18.88%
Interest Expense $4.871M -$1.860M -$4.880M
YoY Change -199.8% -39.26% 18.42%
% of Operating Profit
Other Income/Expense, Net $1.060K $1.548M $300.0K
YoY Change -99.65%
Pretax Income $3.926M -$1.076M -$5.376M
YoY Change -173.04% -73.53% -46.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings $3.926M -$1.076M -$5.376M
YoY Change -173.04% -73.53% -46.29%
Net Earnings / Revenue 1454.32% -2391.64% -11945.8%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $46.32K -$35.41K -$670.0K
COMMON SHARES
Basic Shares Outstanding 33.39M shares
Diluted Shares Outstanding 84.77M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $278.6K $268.1K $1.827M
YoY Change -84.76% -76.98% 120.34%
Cash & Equivalents $496.8K $155.1K
Short-Term Investments $110.0K $0.00 $1.375M
Other Short-Term Assets $383.1K
YoY Change
Inventory $29.37K
Prepaid Expenses
Receivables $82.96K
Other Receivables $0.00
Total Short-Term Assets $774.0K $4.018M $3.027M
YoY Change -74.43% 245.02% 232.55%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $1.800M
YoY Change -100.0% -56.06%
TOTAL ASSETS
Total Short-Term Assets $774.0K $4.018M $3.027M
Total Long-Term Assets $0.00 $0.00 $1.800M
Total Assets $774.0K $4.018M $4.827M
YoY Change -83.97% 245.02% -3.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.173M $1.110M $773.0K
YoY Change 51.78% 6.15% -74.83%
Accrued Expenses $7.520M $9.876M $6.204M
YoY Change 21.21% 51.68%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $11.01M $10.98M $13.76M
YoY Change -19.94% -18.23% 2316.55%
Total Short-Term Liabilities $25.08M $32.41M $25.30M
YoY Change -0.86% 12.23% 61.2%
LONG-TERM LIABILITIES
Long-Term Debt $373.1K $373.4K $147.5K
YoY Change 152.96% 151.85% -98.66%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $373.1K $373.4K $147.5K
YoY Change 152.96% 151.85% -98.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.08M $32.41M $25.30M
Total Long-Term Liabilities $373.1K $373.4K $147.5K
Total Liabilities $25.46M $32.78M $25.45M
YoY Change 0.03% 12.95% -4.67%
SHAREHOLDERS EQUITY
Retained Earnings -$304.6M
YoY Change
Common Stock $332.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $643.1K
YoY Change
Treasury Stock Shares 21.00 shares
Shareholders Equity -$24.68M -$28.76M -$20.62M
YoY Change
Total Liabilities & Shareholders Equity $774.0K $4.018M $4.827M
YoY Change -83.97% 245.02% -3.58%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $3.926M -$1.076M -$5.376M
YoY Change -173.04% -73.53% -46.29%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change -100.0%
Cash From Operating Activities $244.2K -$411.1K -$457.0K
YoY Change -153.44% -8.95% 24.58%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$125.0K $0.00
YoY Change
Cash From Investing Activities -$125.0K $0.00
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 222.4K 179.5K 445.5K
YoY Change -50.08% -42.54% 38.52%
NET CHANGE
Cash From Operating Activities 244.2K -411.1K -457.0K
Cash From Investing Activities -125.0K 0.000
Cash From Financing Activities 222.4K 179.5K 445.5K
Net Change In Cash 341.7K -231.6K $0.00
YoY Change 66.56% -100.0%
FREE CASH FLOW
Cash From Operating Activities $244.2K -$411.1K -$457.0K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$411.1K -$457.0K
YoY Change -8.95% 25.17%

Facts In Submission

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