$GTII
GLOBAL TECH INDUSTRIES GROUP, INC. Stock $gtii

$gtii Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000149315222023287 Filed on August 17, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$1.106M	$608.4K	$732.0K
YoY Change	-45.41%	-55.59%	1.09%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$267.00	$268.00	$890.00
YoY Change	-79.62%	0.37%	229.63%
% of Gross Profit
Operating Expenses	$1.479M	$981.2K	$1.143M
YoY Change	-42.4%	-28.39%	57.79%
Operating Profit	-$1.479M	-$981.2K	-$1.143M
YoY Change	-42.4%	-28.39%	57.79%
Interest Expense	$12.11K	$12.29K	-$85.53K
YoY Change	-106.0%	-4.77%	-276.17%
% of Operating Profit
Other Income/Expense, Net	-$329.1K	$3.652K	-$85.53K
YoY Change	63.12%	-98.64%
Pretax Income	-$1.808M	-$977.5K	-$1.228M
YoY Change	-34.71%	-11.3%	81.78%
Income Tax
% Of Pretax Income
Net Earnings	-$1.808M	-$977.5K	-$1.228M
YoY Change	-34.71%	-11.3%	81.78%
Net Earnings / Revenue
Basic Earnings Per Share	-$0.01	$0.00	$0.00
Diluted Earnings Per Share	-$7.015K	-$3.802K	-$4.801K
COMMON SHARES
Basic Shares Outstanding	257.5M shares	257.1M shares	255.9M shares
Diluted Shares Outstanding	257.7M shares	257.1M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$338.9K	$454.7K	$485.8K
YoY Change	-30.84%	9.62%	211.86%
Cash & Equivalents	$280.9K	$354.7K	$349.8K
Short-Term Investments	$58.00K	$100.0K	$136.0K
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$0.00	$0.00	$0.00
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$338.9K	$454.7K	$485.8K
YoY Change	-30.84%	9.62%	28.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.071K	$1.339K	$980.00
YoY Change	-49.95%	-44.44%	-63.43%
Goodwill
YoY Change
Intangibles	$14.99M	$12.89M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$15.06M	$12.96M	$0.00
YoY Change
Total Long-Term Assets	$15.06M	$12.96M	$72.16K
YoY Change	20264.02%	17124.42%	2592.54%
TOTAL ASSETS
Total Short-Term Assets	$338.9K	$454.7K	$485.8K
Total Long-Term Assets	$15.06M	$12.96M	$72.16K
Total Assets	$15.40M	$13.42M	$558.0K
YoY Change	2630.02%	2637.91%	46.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.341M	$1.859M	$1.712M
YoY Change	93.43%	82.64%	109.03%
Accrued Expenses	$407.5K	$398.7K	$441.3K
YoY Change	8.39%	9.73%	24.34%
Deferred Revenue
YoY Change
Short-Term Debt	$871.1K	$871.1K	$1.843M
YoY Change	-18.67%	0.0%	80.5%
Long-Term Debt Due	$180.0K	$126.5K	$0.00
YoY Change
Total Short-Term Liabilities	$3.799M	$3.255M	$3.997M
YoY Change	17.58%	20.66%	69.62%
LONG-TERM LIABILITIES
Long-Term Debt	$4.788M	$4.842M	$0.00
YoY Change
Other Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
Total Long-Term Liabilities	$4.788M	$4.842M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.799M	$3.255M	$3.997M
Total Long-Term Liabilities	$4.788M	$4.842M
Total Liabilities	$8.587M	$8.097M	$3.997M
YoY Change	165.78%	200.15%	69.62%
SHAREHOLDERS EQUITY
Retained Earnings	-$238.2M	-$236.3M
YoY Change
Common Stock	$258.4K	$257.5K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.811M	$5.319M	-$3.439M
YoY Change
Total Liabilities & Shareholders Equity	$15.40M	$13.42M	$558.0K
YoY Change	2630.02%	2637.91%	46.6%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	-$1.808M	-$977.5K	-$1.228M
YoY Change	-34.71%	-11.3%	81.78%
Depreciation, Depletion And Amortization	$267.00	$268.00	$890.00
YoY Change	-79.62%	0.37%	229.63%
Cash From Operating Activities	-$296.8K	$58.07K	$35.12K
YoY Change	335.75%	-169.56%	-148.43%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$27.37K	-$183.9K
YoY Change
Cash From Investing Activities	$0.00	$27.37K	-$183.9K
YoY Change		-137.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	223.1K	-80.61K	139.5K
YoY Change	-32.07%	-160.02%	9.99%
NET CHANGE
Cash From Operating Activities	-296.8K	58.07K	35.12K
Cash From Investing Activities	0.000	27.37K	-183.9K
Cash From Financing Activities	223.1K	-80.61K	139.5K
Net Change In Cash	-73.71K	4.830K	-9.320K
YoY Change	-128.32%	-121.93%
FREE CASH FLOW
Cash From Operating Activities	-$296.8K	$58.07K	$35.12K
Capital Expenditures	$0.00	$0.00
Free Cash Flow	-$296.8K	$58.07K
YoY Change	335.75%	-646.28%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10011
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 800
	dei	City Area Code CityAreaCode	(212)
	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Entity File Number EntityFileNumber	000-10210
	dei	Entity Central Index Key EntityCentralIndexKey	0000356590
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
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	GTII	Charitable Donations CharitableDonations		usd
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CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
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CY2021Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions		usd
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	us-gaap	Debt Securities Gain Loss DebtSecuritiesGainLoss		usd
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	us-gaap	Payments For Proceeds From Previous Acquisition PaymentsForProceedsFromPreviousAcquisition		usd
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets		usd
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	GTII	Payments For License PaymentsForLicense		usd
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	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
	dei	Entity Registrant Name EntityRegistrantName	GLOBAL TECH INDUSTRIES GROUP, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
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	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-1604380
	dei	Entity Address Address Line1 EntityAddressAddressLine1	511 Sixth Avenue
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Local Phone Number LocalPhoneNumber	204 7926
	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
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	354651	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	359143	usd
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CY2021Q4	us-gaap	Inventory Net InventoryNet	290710	usd
CY2022Q2	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	100000	usd
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	us-gaap	Depreciation Depreciation	1161	usd
	us-gaap	Depreciation Depreciation	535	usd
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CY2022Q2	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-36000	usd
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	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-63000	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	349000	usd
CY2022Q2	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	22291	usd
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CY2022Q2	GTII	Gain On Stock Conversion GainOnStockConversion	28150	usd
	GTII	Gain On Stock Conversion GainOnStockConversion	28150	usd
CY2022Q2	us-gaap	Interest Income Other InterestIncomeOther	1500	usd
	us-gaap	Interest Income Other InterestIncomeOther	1500	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	12289	usd
CY2021Q2	us-gaap	Interest Expense InterestExpense	12904	usd
	us-gaap	Interest Expense InterestExpense	70816	usd
	us-gaap	Interest Expense InterestExpense	32349	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3652	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	268096	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-81875	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	316651	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-977531	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1102108	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2205903	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1777850	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-977531	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1102108	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2205903	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1777850	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	257142064	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	235044159	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	256507508	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	233779672	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	257142064	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	235044159	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	256507508	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	233779672	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-1774179	usd
CY2021Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	471000	usd
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	3360	usd
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-675742	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-1975561	usd
CY2021Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	866724	usd
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	3360	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1102108	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-2207585	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	3874590	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	863108	usd
CY2022Q1	GTII	Stock Issued During Revesal Of Acquisition StockIssuedDuringRevesalOfAcquisition	-6951245	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	3360	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1228372	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-3438559	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-3438559	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	727990	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	7920090	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	3360	usd
CY2022Q2	GTII	Adjustments To Additional Paid In Proceeds From Exercise Of Warrants AdjustmentsToAdditionalPaidInProceedsFromExerciseOfWarrants	8875	usd
CY2022Q2	GTII	Common Stock Issued For Notes Payable Accrued Interest And Accrued Expenses CommonStockIssuedForNotesPayableAccruedInterestAndAccruedExpenses	1075077	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-977531	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	5319302	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	5319302	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2205903	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1777850	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1161	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	535	usd
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	1591098	usd
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	1337724	usd
	GTII	Imputed Interest On Loan ImputedInterestOnLoan	6720	usd
	GTII	Imputed Interest On Loan ImputedInterestOnLoan	6720	usd
	us-gaap	Debt Securities Gain Loss DebtSecuritiesGainLoss	28150	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	22291	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-63000	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	349000	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-222167	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	8459	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	41469	usd
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-615179	usd
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-352525	usd
	GTII	Increase Decrease In Accrued Interest Payable IncreaseDecreaseInAccruedInterestPayable	63920	usd
	GTII	Increase Decrease In Accrued Interest Payable IncreaseDecreaseInAccruedInterestPayable	5633	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	93193	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-160077	usd
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	25000	usd
	us-gaap	Payments For Proceeds From Previous Acquisition PaymentsForProceedsFromPreviousAcquisition	183933	usd
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	67845	usd
	GTII	Payments To Acquire License Acquisition PaymentsToAcquireLicenseAcquisition	-2373	usd
	GTII	Payments For License PaymentsForLicense	5000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-156560	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-72845	usd
	GTII	Proceeds From Exercise Of Warrants ProceedsFromExerciseOfWarrants	8875	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	50000	usd
	us-gaap	Proceeds From Other Deposits ProceedsFromOtherDeposits	340000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	74800	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	58875	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	265200	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4492	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	32278	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	359143	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2479	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	354651	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	34757	usd
	us-gaap	Stock Issued1 StockIssued1	10000	usd
	us-gaap	Stock Issued1 StockIssued1	10150	usd
	GTII	Reclassification Of Notes Payable To Stock Deposits ReclassificationOfNotesPayableToStockDeposits	150000	usd
	GTII	Common Stock Issued For Debt Accrued Interest And Accrued Expenses CommonStockIssuedForDebtAccruedInterestAndAccruedExpenses	1075077	usd
	GTII	Stock Released From Escrow Foe License Acquisitionnet Of Debt StockReleasedFromEscrowFoeLicenseAcquisitionnetOfDebt	7920090	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1667	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	12892192	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3333	usd
CY2021Q1	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	23364803	shares
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84B_eus-gaap--UseOfEstimates_z4Eh34Dsj4v5" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">B) <span id="xdx_86D_zZOFSVZ6uWFi">USE OF MANAGEMENT’S ESTIMATES</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2022Q2	us-gaap	Cash Cash	104651	usd
CY2021Q4	us-gaap	Cash Cash	109143	usd
CY2022Q2	GTII	Interests Payable Current InterestsPayableCurrent	80000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-977531	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-1102108	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	257142064	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	235044159	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Net Income Loss NetIncomeLoss	-2205903	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1777850	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	256507508	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	233779672	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4500664	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.01
	GTII	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1	P1Y
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	427563	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4500664	shares
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-63000	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	349000	usd
	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	1161	usd
	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	535	usd
CY2021	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	110990	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.01
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P0Y9M
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	427563	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3214	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	114204	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1875	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1601	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1339	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	112603	usd
CY2022Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	2373	usd
CY2022Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets	12892192	usd
CY2022Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable	6388	usd
CY2022Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt	4968177	usd
CY2022Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	7920000	usd
CY2022Q2	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	871082	usd
CY2021Q2	GTII	License Term Description LicenseTermDescription	The term of the license is for 12 months with an automatic renewal for an additional 12 months. This asset was sold in the second quarter of 2022. Amortization expensed through the date of sale was $2,708, respectively
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2708	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2708	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	12892192	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	5000	usd
CY2021Q2	GTII	Number Of Pieces Acquiring For Eventual Digitization NumberOfPiecesAcquiringForEventualDigitization	2	integer
CY2021Q2	GTII	Payment For Piece Of Fine Art PaymentForPieceOfFineArt	35940	usd
CY2021Q2	GTII	Payment For Piece Of Fine Art PaymentForPieceOfFineArt	31905	usd
CY2022Q2	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	296180	usd
CY2021Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	105440	usd
CY2022Q2	GTII	Notes Payable In Default NotesPayableInDefault	871082	usd
CY2021Q4	GTII	Notes Payable In Default NotesPayableInDefault	871082	usd
CY2021Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	871082	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	24398	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	24398	usd
	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	24398	usd
	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	24398	usd
CY2020Q4	us-gaap	Convertible Debt ConvertibleDebt	74800	usd
CY2021Q3	us-gaap	Notes Payable NotesPayable	100000	usd
CY2021Q3	us-gaap	Debt Instrument Term DebtInstrumentTerm	P12M
CY2021Q3	us-gaap	Notes Payable NotesPayable	100000	usd
CY2021Q3	us-gaap	Debt Instrument Term DebtInstrumentTerm	P12M
CY2022Q2	us-gaap	Shares Issued SharesIssued	672457	shares
	us-gaap	Debt Instrument Increase Accrued Interest DebtInstrumentIncreaseAccruedInterest	51408	usd
CY2022Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	57689800	usd
CY2021Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	2.75
CY2021Q1	us-gaap	Warrants And Rights Outstanding Maturity Date WarrantsAndRightsOutstandingMaturityDate	2023-04-08
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	23364803	shares
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.75
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P2Y
CY2020Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding	57689800	usd
CY2021	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Intrinsic Value Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsIntrinsicValueGrantsInPeriod	-8471	usd
CY2021	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercised	-3080	shares
CY2021	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedWeightedAverageGrantDateFairValue	2.75
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	23361723	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.75
	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms Granted ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsGranted	P1Y3M
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding	57681330	usd
	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercised	-3227	shares
	GTII	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedIntrinsicValue	8875	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	23358496	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.75
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P0Y9M
CY2022Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding	57	usd
CY2021Q3	GTII	Stock Issued During Period Shares Relief And Relinguishment StockIssuedDuringPeriodSharesReliefAndRelinguishment	150000	shares
CY2021Q3	GTII	Stock Issued During Period Shares Restrictive Legends StockIssuedDuringPeriodSharesRestrictiveLegends	6000000	shares

Files In Submission

Name	View Source	Status
0001493152-22-023287-index-headers.html	Edgar Link	pending
0001493152-22-023287-index.html	Edgar Link	pending
0001493152-22-023287.txt	Edgar Link	pending
0001493152-22-023287-xbrl.zip	Edgar Link	pending
ex21-1.htm	Edgar Link	pending
ex23-1.htm	Edgar Link	pending
ex23-1_001.jpg	Edgar Link	pending
ex23-1_002.jpg	Edgar Link	pending
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$GTII
GLOBAL TECH INDUSTRIES GROUP, INC. Stock $gtii

2022 Q3 Form 10-Q Financial Statement

#000149315222023287 Filed on August 17, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GTII GLOBAL TECH INDUSTRIES GROUP, INC. Stock $gtii

2022 Q3 Form 10-Q Financial Statement

#000149315222023287 Filed on August 17, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GTII
GLOBAL TECH INDUSTRIES GROUP, INC. Stock $gtii