GMTech Inc. filings document reporting-status notices and periodic-report timing for the OTC issuer. Recent Form 12b-25 filings relate to delayed Form 10-K and Form 10-Q reports, with the company citing additional time needed to complete financial statements and prepare the relevant periodic reports.
The notices identify GMTech as the registrant and specify the fiscal periods covered by the annual and quarterly reports, providing formal disclosure around the company's public-reporting obligations and filing timetable.
GMTech Inc. reported a sharp scale-up for the year ended October 31, 2025, shifting from a development stage to an operating business. Revenue jumped to $3.48 million from $52,800, driven entirely by new smartphone trading in Asia, and net income reached $413,355 after a prior-year loss.
Total assets increased to $1.38 million, led by $802,159 of smartphone inventories and $238,143 of notes receivable, while cash fell to $16,610. Liabilities rose to $851,408, including $615,904 of deferred revenue and lease obligations, leaving equity at $524,235.
The company remains very small, with three employees, no dividends, and no equity compensation plans. Management discloses multiple material weaknesses in internal control, limited segregation of duties, no audit committee, no formal IT controls, and no cybersecurity measures, which heighten operational and reporting risk despite the first year of profitability.
GMTech Inc. filed a late-filing notice for its Annual Report on Form 10-K for the year ended October 31, 2025. The company states it could not file on time because it needs additional time to complete its financial statements and to prepare the Form 10-Q. GMTech expects to use no more than the additional 15 days allowed to complete and file the Form 10-K.
GMTech Inc. (GMTH) filed a Form 10-Q covering the quarter ended July 31, 2025, presenting condensed consolidated financials and disclosures. The filing shows 12,000,000 shares issued and outstanding and detailed balance sheet and operating items including inventories of $828,130 and a note receivable of $118,933 (12-month note at 4% interest). The company recorded substantial commission costs of $1,805,213 for the nine months ended July 31, 2025, representing a 58% commission rate under an intermediary contract for smartphone sales. Related-party activity includes a related party payable of $64,792 and a related-party receivable of $5,733. Lease disclosures show right-of-use assets of $0 (current) and operating lease liabilities of $61,208 (short-term) and $26,510 (long-term) at July 31, 2025. The filing discloses income/(loss) line items as presented, and reports net income/(loss) per share amounts shown in the tables (for example $(0.02) and $0.04 in the presented columns). The company discloses concentration metrics: historically a small number of customers accounted for most revenue, while the most recent three-month period shows retail sales with no single customer exceeding 5% of revenue. Other material items explicitly disclosed include a 7,000,000-share issuance raising $140,000, repayment of certain notes, and recognition of net deferred tax assets that remain fully reserved by a valuation allowance.
GMTech Inc. (GMTH) filed a Form 10-Q covering the quarter ended July 31, 2025, presenting condensed consolidated financials and disclosures. The filing shows 12,000,000 shares issued and outstanding and detailed balance sheet and operating items including inventories of $828,130 and a note receivable of $118,933 (12-month note at 4% interest). The company recorded substantial commission costs of $1,805,213 for the nine months ended July 31, 2025, representing a 58% commission rate under an intermediary contract for smartphone sales. Related-party activity includes a related party payable of $64,792 and a related-party receivable of $5,733. Lease disclosures show right-of-use assets of $0 (current) and operating lease liabilities of $61,208 (short-term) and $26,510 (long-term) at July 31, 2025. The filing discloses income/(loss) line items as presented, and reports net income/(loss) per share amounts shown in the tables (for example $(0.02) and $0.04 in the presented columns). The company discloses concentration metrics: historically a small number of customers accounted for most revenue, while the most recent three-month period shows retail sales with no single customer exceeding 5% of revenue. Other material items explicitly disclosed include a 7,000,000-share issuance raising $140,000, repayment of certain notes, and recognition of net deferred tax assets that remain fully reserved by a valuation allowance.
GMTech Inc. filed a notice that its quarterly report on Form 10-Q for the three months ended July 31, 2025 will be late. The company explains it needs more time to complete its financial statements and prepare the report.
GMTech expects to file the Form 10-Q within the additional five calendar days permitted under SEC Rule 12b-25.