Global Interactive Technologies, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Global Interactive Technologies, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $794.2K | Jul 16, 2024 |
| FY2023 | Dec 31, 2022 | $428.2K | Jul 16, 2024 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $725.6K | Jul 16, 2024 |
| FY2023 | Dec 31, 2022 | $428.2K | Jul 16, 2024 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($6.17M) | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | ($9.29M) | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | ($6.24M) | Jul 16, 2024 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($888.4K) | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | ($2.01M) | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | ($5.42M) | Jul 16, 2024 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2023 | $131.7K | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | $7.0K | Jul 16, 2024 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $6.40M | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | $20.54M | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | $6.08M | Jul 16, 2024 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $668.3K | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | $7.48M | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | $7.42M | Jul 16, 2024 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $5.74M | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | $13.07M | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | ($1.10M) | Jul 16, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($37.90M) | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | ($38.89M) | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | ($29.61M) | Jul 16, 2024 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $3.8K | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | $5.43M | Apr 30, 2025 |
| FY2024 | Dec 31, 2022 | $119.0K | Apr 30, 2025 |
| FY2023 | Dec 31, 2021 | $330.4K | Jul 16, 2024 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | (2) | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | (3) | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jul 16, 2024 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | (2) | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | (3) | Apr 30, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jul 16, 2024 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 2.64M | Apr 30, 2025 |
| FY2024 | Dec 31, 2023 | 2.64M | Apr 30, 2025 |
| FY2023 | Mar 31, 2023 | 240,000 | Jul 16, 2024 |
| FY2023 | Dec 31, 2022 | 45.42M | Jul 16, 2024 |