GlobalTek Ventures, Inc. (ATVK) reported $11,706 in revenue and a $732,925 net loss for the six months ended June 30, 2026. Cash was $29,328 against current liabilities of $2,192,354; operating activities used $101,217, and the company reported a $2,161,539 working-capital deficit. These conditions raise substantial doubt about its ability to continue as a going concern within one year after the statements were issued.
The company said its previously issued financial statements for 2019 through the quarter ended March 31, 2026 should no longer be relied upon; comparative periods were restated following an August 11, 2026 court order that rescinded the 1-for-1,200 reverse stock split and cancelled certain shares. Common shares outstanding were reported at 477,508,748 on June 30, 2026, while transfer-agent records still showed 9,222,729 post-split shares as of October 16, 2026, pending implementation.
GlobalTek reported material weaknesses in disclosure controls as of June 30, 2026 and had no directors or officers. A court-approved convertible note permits up to $250,000 for reporting-compliance costs; no advance had been made by October 21, 2026.
Globaltek Ventures, Inc. (ATVK) engaged Bansal & Co LLP as its independent registered public accounting firm to review management-prepared interim financial statements for the six months ended June 30, 2026. The engagement ends when the review is complete. Except as discussed in the October 15 report, the company stated that neither it nor anyone acting on its behalf consulted Bansal during the fiscal years ended December 31, 2025 and December 31, 2024, or the subsequent interim period through October 15, 2026, about applying accounting principles to specified transactions, potential audit opinions, or matters involving disagreements or reportable events.
Globaltek Ventures, Inc. stated that its consolidated financial statements for fiscal years ended December 31, 2019 through December 31, 2025, and subsequent interim periods, should no longer be relied upon. Bansal & Co LLP recalled the related audit reports and withdrew consent to their use. Its April 14, 2026 report on the 2025 and 2024 statements and March 31, 2025 report on the 2024 and 2023 statements contained no adverse opinion or disclaimer and were not qualified or modified.
Bansal resigned as Globaltek’s independent registered public accounting firm effective immediately on September 10, 2026. The company reported no disagreements during fiscal 2025 and 2024 or through the resignation date on accounting principles, financial-statement disclosure, or audit scope or procedure that, if unresolved to Bansal’s satisfaction, would have led it to refer to the subject matter in its reports. Globaltek is proposing to reappoint Bansal. The company stated it had no directors, officers, or custodian from August 11, 2026, until Jacob Sherman was appointed custodian on October 12, 2026; Sherman is reviewing the effects on the company’s finances and operations.
GlobalTek Ventures, Inc. (formerly Ameritek Ventures) reported a net loss of $3,009,928 for the quarter ended March 31, 2026, or $0.33 per basic and diluted share. Revenue was minimal at $5,419, while results were heavily impacted by a $2,976,458 loss on fair-value changes in its investment in ZenaTech, Inc.
Total assets were $8,319,125, including $7,495,008 of ZenaTech securities, and total liabilities were $3,528,733. Cash was only $26,883, with current liabilities of $2,599,544, resulting in a working capital deficit of $2,570,261. Management disclosed that these conditions raise substantial doubt about the company’s ability to continue as a going concern.
During the period, the company continued its strategic shift away from software toward solid-state batteries (Galaxy Batteries, Inc.), aerospace services (AeroPass, Inc.) and luxury corporate housing (Chicago Real Estate Partners, LLC). It also completed a 1‑for‑1,200 reverse stock split in January 2026 and formally changed its name to GlobalTek Ventures, Inc. on April 16, 2026. Operations remain highly dependent on related‑party financing from Epazz, Inc., and a large portion of liabilities and equity involve related parties.
GlobalTek Ventures, Inc., formerly Ameritek Ventures, Inc., has formally changed its corporate name through a Certificate of Amendment filed in Nevada, effective at 5:00 p.m. Pacific Time on April 17, 2026. The amendment was approved by the board and a majority of voting power.
The name change does not affect shareholder rights, par value, authorized share counts, or the company’s outstanding debt. The common stock continues to trade on the OTC Pink under the symbol “ATVK” until FINRA processes the corporate action. The company highlights a strategic focus on solid-state batteries, adaptive and robotic manufacturing, aerospace services, and luxury corporate housing through its subsidiaries.
Ameritek Ventures, Inc. reported a sharp downturn for the year ended December 31, 2025. The company generated no operating revenue, compared with $678,300 in 2024, and recorded a net loss of $6,384,392 versus prior-year net income of $13,518,894, largely due to a $3,582,515 loss on its investment in ZenaTech securities and a $2,117,676 impairment loss, including full goodwill write-off.
As of year-end 2025, Ameritek held only $2,543 in cash, current liabilities of $2,234,311, and a working capital deficit of $2,231,768. Its balance sheet is dominated by a $10,471,466 investment in ZenaTech, so results are highly sensitive to that stock’s value. The auditor highlighted these factors and disclosed substantial doubt about the company’s ability to continue as a going concern.
During 2024 Ameritek sold its prior software operations (Ecker Capital and subsidiaries) to related party ZenaTech and in 2025 it acquired Galaxy Batteries, Inc. under common control and formed Chicago Real Estate Partners, LLC to pursue solid-state batteries, manufacturing, aerospace services, and corporate housing. Operations are being funded mainly through related-party debt and advances from Epazz, Inc. and affiliates, while multiple preferred stock series and a large 2026 1-for-1,200 reverse stock split significantly reshaped the capital structure.
Ameritek Ventures, Inc. filed Amendment No. 3 to its annual report to correct 2024 financial statements to match audited figures from Bansal & Co. LLP. The main change relates to valuing ZenaTech, Inc. securities received for selling subsidiary Ecker Capital, LLC, a related-party transaction.
After the correction, 2024 revenue was $678,300, down 29% from 2023, but operating income improved to $219,332 as expenses fell 44%. A $13,461,645 gain on asset disposal drove net income to $13,518,494 versus a small loss in 2023. Year-end assets were $16.2 million, largely ZenaTech securities and intangibles, against $2.5 million of liabilities and no cash, so the company continues to rely on borrowings.
Management concluded internal control over financial reporting and disclosure controls were not effective at December 31, 2024, citing a lack of a functioning audit committee and inadequate segregation of duties. Ameritek trades on the Pink Sheets under “ATVK” and is tightly controlled through multiple preferred stock series and related-party arrangements.
Ameritek Ventures, Inc. filed a Form 12b-25 notifying the SEC that its Form 10-K for the period ended December 31, 2025 could not be filed on time because additional time is required to finalize the financial statements. The company states the annual report "will be filed on or before the fifteenth calendar day following the prescribed due date." The notification names Shaun Passley, Ph.D. as the contact and affirms that other periodic reports for the prior 12 months have been filed. The filing also states that no significant change in results of operations is anticipated to be reflected in the delayed report.
Ameritek Ventures, Inc. implemented a 1-for-1200 reverse stock split of its common stock effective January 20, 2026. Every 1,200 pre-split shares were automatically converted into one post-split share with no change to par value, so each holder’s percentage ownership stayed essentially the same aside from minor fractional adjustments.
Immediately before the reverse split, the company had 10,949,226,791 common shares issued and outstanding. After the split, it has approximately 9,124,356 common shares outstanding, subject to fractional share adjustments. The reverse split was implemented through a Certificate of Amendment to the Nevada Articles of Incorporation, and the stock continues to trade under the symbol ATVK with a new CUSIP number assigned.
Ameritek Ventures, Inc. filed an amended quarterly report solely to furnish the Interactive Data File; no financial statements or disclosures were changed. For Q3 ended September 30, 2025, the company reported net income of $5,276,271, driven by an unrealized gain on its ZenaTech, Inc. investment of $5,329,604. For the nine months, Ameritek recorded a net loss of $2,250,467 with no revenue reported.
Ameritek is shifting toward real estate and purchased two apartments in Cook County, IL and a franchise, reflected in cash flows and on the balance sheet. As of September 30, 2025, total assets were $14,755,335, including $12,087,323 of ZenaTech securities, and cash of $26,602. Total liabilities were $3,115,810 (current: $2,076,890; long‑term debt: $1,038,920). The period also notes the $37,000,000 acquisition of Galaxy Batteries, Inc. and related-party arrangements that affect expenses and financing.