$GTLL
GLOBAL TECHNOLOGIES LTD

2021 Form 10-K Financial Statement

#000149315221025316 Filed on October 13, 2021

View on sec.gov

Income Statement

Concept 2021 2020 Q2 2020
Revenue $15.00K $548.4K
YoY Change -97.26%
Cost Of Revenue $70.85K
YoY Change
Gross Profit $15.00K $477.5K
YoY Change -96.86%
Gross Profit Margin 100.0% 87.08%
Selling, General & Admin $361.6K $706.7K
YoY Change -48.83%
% of Gross Profit 2410.73% 148.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200K $3.030K
YoY Change 71.62%
% of Gross Profit 34.67% 0.63%
Operating Expenses $366.8K $709.7K
YoY Change -48.32%
Operating Profit -$351.8K -$232.2K
YoY Change 51.49%
Interest Expense -$730.9K $554.3K
YoY Change -231.85%
% of Operating Profit
Other Income/Expense, Net -$3.877M
YoY Change
Pretax Income -$4.229M -$550.9K
YoY Change 667.54%
Income Tax
% Of Pretax Income
Net Earnings -$4.229M -$550.9K
YoY Change 667.54%
Net Earnings / Revenue -28191.07% -100.47%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$282.30 -$45.20
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q2 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.30K $30.00
YoY Change 187566.67%
Cash & Equivalents $56.30K $25.00 $30.00
Short-Term Investments
Other Short-Term Assets $12.00K
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00 $70.58K
Other Receivables $3.780K $113.5K
Total Short-Term Assets $72.08K $184.1K
YoY Change -60.85%
LONG-TERM ASSETS
Property, Plant & Equipment $28.14K $33.33K
YoY Change -15.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $501.5K $1.380M
YoY Change -63.66%
TOTAL ASSETS
Total Short-Term Assets $72.08K $184.1K
Total Long-Term Assets $501.5K $1.380M
Total Assets $573.5K $1.564M
YoY Change -63.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.120K $512.6K
YoY Change -99.2%
Accrued Expenses $59.19K $155.3K
YoY Change -61.89%
Deferred Revenue
YoY Change
Short-Term Debt $547.7K $964.7K
YoY Change -43.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.619M $3.053M
YoY Change -46.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.619M $3.053M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.619M $3.053M
YoY Change -46.98%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.045M -$1.489M -$1.489M
YoY Change
Total Liabilities & Shareholders Equity $573.5K $1.564M
YoY Change -63.33%

Cashflow Statement

Concept 2021 2020 Q2 2020
OPERATING ACTIVITIES
Net Income -$4.229M -$550.9K
YoY Change 667.54%
Depreciation, Depletion And Amortization $5.200K $3.030K
YoY Change 71.62%
Cash From Operating Activities -$141.6K -$176.8K
YoY Change -19.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
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 197.8K 176.8K
YoY Change 11.89%
NET CHANGE
Cash From Operating Activities -141.6K -176.8K
Cash From Investing Activities
Cash From Financing Activities 197.8K 176.8K
Net Change In Cash $0.00 $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$141.6K -$176.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
USD
CY2020Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
USD
CY2021Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
USD
CY2020Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
USD
CY2021Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
USD
CY2020Q2 GTLL Default Principal Notes Payablethird Parties
DefaultPrincipalNotesPayablethirdParties
USD
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
USD
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
USD
CY2020 us-gaap Investment Income Net
InvestmentIncomeNet
USD
CY2020 GTLL Writeoff Of Investment
WriteoffOfInvestment
USD
CY2020 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
USD
CY2021 GTLL Issuance Of Series L Preferred Stock For Consulting Services
IssuanceOfSeriesLPreferredStockForConsultingServices
USD
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 GTLL Issuance Of Common Stock For Conversion Fees
IssuanceOfCommonStockForConversionFees
USD
CY2021 GTLL Issuance Of Series K Preferred Stock For Consulting Services
IssuanceOfSeriesKPreferredStockForConsultingServices
USD
CY2021 GTLL Transfer Of Shares Of Common Stock Received In Sale Of Hmnrth Products To Jetco Noteholder
TransferOfSharesOfCommonStockReceivedInSaleOfHmnrthProductsToJetcoNoteholder
USD
CY2021 GTLL Inventory From Acquisition
InventoryFromAcquisition
USD
CY2020 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
USD
CY2020 GTLL Writeoff Of Investment
WriteoffOfInvestment
USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
USD
CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
USD
CY2021 GTLL Increase Decrease In Bank Overdrafts
IncreaseDecreaseInBankOverdrafts
USD
CY2020 GTLL Increase Decrease In Accrued Default Interest
IncreaseDecreaseInAccruedDefaultInterest
USD
CY2020 GTLL Increase Decrease In Default Principle Notes
IncreaseDecreaseInDefaultPrincipleNotes
USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2020 GTLL Proceeds From Loan
ProceedsFromLoan
USD
CY2021 GTLL Cash From Acquisition
CashFromAcquisition
USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2021 us-gaap Stock Issued1
StockIssued1
USD
CY2020 GTLL Issuance Of Convertible Note For Acquisition
IssuanceOfConvertibleNoteForAcquisition
USD
CY2020 GTLL Reduction Of Note In Amount Per Agreement Applied To Acquisition Of Subsidiaries
ReductionOfNoteInAmountPerAgreementAppliedToAcquisitionOfSubsidiaries
USD
CY2020 GTLL Issuance Of Common Stock For Debt
IssuanceOfCommonStockForDebt
USD
CY2020 GTLL Issuance Of Series L Preferred Stock For Payment Of Notes Payable And Accrued Interest
IssuanceOfSeriesLPreferredStockForPaymentOfNotesPayableAndAccruedInterest
USD
CY2020 GTLL Issuance Of Series L Preferred Stock For Payment Of Accounts Payable
IssuanceOfSeriesLPreferredStockForPaymentOfAccountsPayable
USD
CY2020 GTLL Issuance Of Series L Preferred Stock For Return Of Common Stock
IssuanceOfSeriesLPreferredStockForReturnOfCommonStock
USD
CY2021 GTLL Transfer Of Shares Of Common Stock Received In Sales Of Hmnrth Products To Jetco Noteholder
TransferOfSharesOfCommonStockReceivedInSalesOfHmnrthProductsToJetcoNoteholder
USD
CY2021Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
USD
CY2020 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
USD
CY2020Q2 GTLL Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
USD
CY2020Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
USD
CY2021Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
USD
CY2021Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
USD
CY2020 GTLL Embedded Derivative Change Resulting From Conversions Embedded Derivative Net
EmbeddedDerivativeChangeResultingFromConversionsEmbeddedDerivativeNet
USD
CY2020 GTLL Income Tax Reconciliation Nondeductible Default Principle
IncomeTaxReconciliationNondeductibleDefaultPrinciple
USD
CY2020 GTLL Income Tax Reconciliation Nondeductible Loss On Issuance Of Convertible Nots
IncomeTaxReconciliationNondeductibleLossOnIssuanceOfConvertibleNots
USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
USD
CY2020 GTLL Income Tax Reconciliation Nondeductible Expense Forgiveness Of Debt And Accrued Interest
IncomeTaxReconciliationNondeductibleExpenseForgivenessOfDebtAndAccruedInterest
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
USD
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2020Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
70580 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
36363 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1346646 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36363 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36363 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8226 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3030 USD

Files In Submission

Name View Source Status
0001493152-21-025316-index-headers.html Edgar Link pending
0001493152-21-025316-index.html Edgar Link pending
0001493152-21-025316.txt Edgar Link pending
0001493152-21-025316-xbrl.zip Edgar Link pending
ao_003.jpg Edgar Link pending
ex10-30.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_htm.xml Edgar Link completed
gtll-20210630.xsd Edgar Link pending
gtll-20210630_cal.xml Edgar Link unprocessable
gtll-20210630_def.xml Edgar Link unprocessable
gtll-20210630_lab.xml Edgar Link unprocessable
gtll-20210630_pre.xml Edgar Link unprocessable
logo_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
report_002.jpg Edgar Link pending
Show.js Edgar Link pending