GBT Technologies Inc (GTCH)

[rjs1]

GBT Technologies Inc. SEC 10-Q Report
TradingView https://www.tradingview.com May 15, 2025

GBT Technologies Inc., a company specializing in IT consulting services and technology licensing, has released its Form 10-Q report for the first quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational activities, highlighting significant changes and future outlooks.

Financial Highlights
• Operating Expenses: $3,161, a significant decrease of $174,464 or 98% from the same period in 2024, primarily due to limited cash flows to expand the business.
• Loss from Operations: $(3,161), a decrease of $174,464 or 98% from the same period in 2024.
• Net Income (Loss): $(102,400), compared to $7,159,889 for the same period in 2024, due to a decrease in derivative liabilities since all converted note payables were amended to fixed conversion features in Q4 2024.
• Net Income (Loss) Per Share (Basic and Diluted): $(0.00), compared to $0.00 for the same period in 2024.

Business Highlights
• Revenue Segments: The company derived revenues from IT consulting services and licensing of its technology. The e-commerce sales through the online retail platform in the United States were terminated on July 1, 2023.
• Geographical Performance: The company, through its subsidiary Greenwich International Holdings, operates in Costa Rica and has entered into joint ventures and agreements with entities in Argentina and the United States.
• New Product Launches: GBT Tokenize has developed a vital device based on its Technology Portfolio, which is ready for commercialization. This includes the Avant-AI technology, which was sold in its first commercial transaction.
• Future Outlook: The company plans to continue its operations and address its working capital deficit by seeking additional capital through private placement offerings of debt and equity securities.
The business combination with VisionWave Holdings is expected to close in the second quarter of 2025, which could impact future operations.
• Operational Challenges: The company faces substantial doubt about its ability to continue as a going concern due to its accumulated deficit and working capital deficit. Management is actively seeking solutions to mitigate these challenges.