I will revisit this portion of the financial updates as it is very important to what transpires here. More than likely the last time I post here (unless in response), as although I stated I wouldn't, I have unloaded all shares I held. I am done trading the putrid cess pool of the unbelievably corrupt Pink sheets. GLTA here. Hopefully a positive turn around coming, but would not count on it.
In December 2025, the Company entered into a loan and security agreement (“Loan”) with a company for the amount of $500,000
with a fixed interest payment and balloon payment due in full on April 1, 2026 (the “Maturity Date”). The loan has a fixed interest
payment of $100,000 due upon maturity. Interest expense totaled $86,538 for the three months ended March 31, 2026.
The Loan is fully secured by all of the assets of the Company. As the Loan was not paid by the Maturity Date, a $50,000 penalty has
also been assessed against the Company. See Note 12.
While the Company has purchase orders and pending deposits, it is seeking to collect to repay the Loan, there is no assurance if and
when it will do so and ultimately all of the assets could be subject to foreclosure and sale to repay the Loan.
My opinions should not be used as investment advice, as to buying, holding or selling a security. I am not a financial advisor.
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