$GTII
GLOBAL TECH INDUSTRIES GROUP, INC.

2021 Q4 Form 10-K Financial Statement

#000149315222010063 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $24.12K $24.12K $0.00
YoY Change 183.76%
Cost Of Revenue $5.030K $5.030K
YoY Change
Gross Profit $19.09K $19.09K
YoY Change 124.59%
Gross Profit Margin 79.15% 79.15%
Selling, General & Admin $1.509M $5.607M $1.826M
YoY Change -17.35% 117.93% 108.34%
% of Gross Profit 7907.02% 29373.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.150K $3.000K $270.00
YoY Change 325.93% 1011.11%
% of Gross Profit 6.02% 15.72%
Operating Expenses $1.489M $6.151M $1.786M
YoY Change -16.63% 139.01% 103.79%
Operating Profit -$1.470M -$6.132M
YoY Change 139.06%
Interest Expense -$46.27K $68.61K -$37.29K
YoY Change 24.08% -132.12% -191.98%
% of Operating Profit
Other Income/Expense, Net $68.62K
YoY Change
Pretax Income -$1.516M -$6.063M -$1.824M
YoY Change -16.85% 118.21% 401.53%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.516M -$6.063M -$1.824M
YoY Change -16.85% 118.21% 401.53%
Net Earnings / Revenue -6287.15% -25136.48%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$6.408K -$25.81K -$8.502K
COMMON SHARES
Basic Shares Outstanding 246.7M shares 234.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $522.1K $522.1K $33.48K
YoY Change 1459.56% 1459.56% -26.39%
Cash & Equivalents $359.1K $359.1K $2.479K
Short-Term Investments $163.0K $163.0K $31.00K
Other Short-Term Assets $0.00 $0.00 $222.2K
YoY Change -100.0% -100.0%
Inventory $290.7K $290.7K
Prepaid Expenses
Receivables $78.72K $78.72K
Other Receivables $0.00 $0.00
Total Short-Term Assets $891.6K $891.6K $255.7K
YoY Change 248.75% 248.75% 462.12%
LONG-TERM ASSETS
Property, Plant & Equipment $112.6K $946.4K $2.950K
YoY Change 3717.05% 31981.36%
Goodwill $6.444M
YoY Change
Intangibles $3.333K $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.583M $67.81K
YoY Change
Total Long-Term Assets $7.529M $7.529M $2.940K
YoY Change 255986.53% 255986.73%
TOTAL ASSETS
Total Short-Term Assets $891.6K $891.6K $255.7K
Total Long-Term Assets $7.529M $7.529M $2.940K
Total Assets $8.421M $8.421M $258.6K
YoY Change 3156.32% 3156.32% 468.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.381M $1.381M $620.0K
YoY Change 122.75% 122.87% -15.22%
Accrued Expenses $662.2K $662.2K $357.7K
YoY Change 85.12% 85.12% -41.27%
Deferred Revenue
YoY Change
Short-Term Debt $1.793M $1.793M $871.1K
YoY Change 105.85% 105.85% 0.0%
Long-Term Debt Due $2.990K $2.990K $74.80K
YoY Change -96.0% -96.0%
Total Short-Term Liabilities $3.839M $3.839M $2.033M
YoY Change 88.87% 88.87% -8.08%
LONG-TERM LIABILITIES
Long-Term Debt $147.0K $147.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $559.6K $559.6K
YoY Change
Total Long-Term Liabilities $706.6K $706.6K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.839M $3.839M $2.033M
Total Long-Term Liabilities $706.6K $706.6K
Total Liabilities $4.546M $4.546M $2.033M
YoY Change 123.63% 123.63% -64.66%
SHAREHOLDERS EQUITY
Retained Earnings -$234.2M
YoY Change
Common Stock $255.8K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.875M $3.875M -$1.774M
YoY Change
Total Liabilities & Shareholders Equity $8.421M $8.421M $258.6K
YoY Change 3156.32% 3156.32% 468.58%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.516M -$6.063M -$1.824M
YoY Change -16.85% 118.21% 401.53%
Depreciation, Depletion And Amortization $1.150K $3.000K $270.00
YoY Change 325.93% 1011.11%
Cash From Operating Activities -$431.5K -$655.6K -$68.31K
YoY Change 531.68% 278.1% -66.72%
INVESTING ACTIVITIES
Capital Expenditures $10.00 -$72.84K -$3.210K
YoY Change -100.31% 2169.16%
Acquisitions
YoY Change
Other Investing Activities $239.0K $239.0K $0.00
YoY Change 170592.86% -100.0%
Cash From Investing Activities $239.0K $166.1K -$3.210K
YoY Change -7544.86% -5511.4% -101.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 256.6K 846.2K 72.53K
YoY Change 253.77% 376.68% -3999.46%
NET CHANGE
Cash From Operating Activities -431.5K -655.6K -68.31K
Cash From Investing Activities 239.0K 166.1K -3.210K
Cash From Financing Activities 256.6K 846.2K 72.53K
Net Change In Cash 64.07K 356.7K 1.010K
YoY Change 6243.56% 34195.19% -214.77%
FREE CASH FLOW
Cash From Operating Activities -$431.5K -$655.6K -$68.31K
Capital Expenditures $10.00 -$72.84K -$3.210K
Free Cash Flow -$431.5K -$582.8K -$65.10K
YoY Change 562.84% 242.43%

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