Global Technologies, Ltd. reports on a year of restructuring around health-tech and advisory services while facing severe financial strain. The company now centers on Primecare Supply, a 503B pharmaceutical procurement business using its Sinq Ops platform, and GTLL Advisory, a consulting unit expected to begin generating revenue in fiscal 2026. A prior acquisition of EV-charging business GOe3 was unwound, and Global wrote off its entire investment and goodwill as of June 30, 2025. As of that date, the company had an accumulated deficit of $167,555,637 and a stockholders’ deficiency of $1,153,279, with no cash and no current income to cover operating expenses. Auditors included an explanatory paragraph expressing substantial doubt about its ability to continue as a going concern, and management estimates it must raise about $500,000 to fund operations through June 30, 2026. Internal control over financial reporting was deemed ineffective due to material weaknesses, while the microcap stock remains thinly traded, highly dilutive with 14,688,440,097 Class A shares outstanding, and subject to penny stock rules.
Global Technologies, LTD reports that its engagement with Qi CPA, LLC as its independent registered public accounting firm is ongoing, and both parties are working together on key reporting tasks. The company states that the 2025 financial audit and a restatement of the 2024 financial statements are in progress, which are needed to complete its overdue Annual Report on Form 10-K.
Global Technologies anticipates filing its Form 10-K on or before December 31, 2025. After that filing, it plans to begin preparing its Form 10-Q for the period ended September 30, 2025, with the stated goal of bringing all of its SEC filings fully current.