Global Interactive Technologies, Inc.
GITS Communication Services Internet Content & Information
Global Interactive Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1,900.00, down 99.8% from fiscal 2023. In the quarter to June 2026, revenue was flat, EPS fell 13.6%, free cash flow fell 17.1% and total debt rose 40.6%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|
Cash and Short Term Investments |
0.03 | 0.46 | 0.63 | 0.20 | 0.00 | 0.01 |
Receivables |
0.02 | 0.64 | 1.85 | 0.50 | 0.00 | 0.01 |
Other current assets |
1.60 | — | — | — | — | — |
Total current assets |
1.64 | 1.47 | 3.11 | 20.42 | 0.00 | 0.04 |
Property, Plant, Equpment (Net) |
0.03 | 0.63 | 0.25 | 0.12 | 0.00 | 0.00 |
Long-Term Investments |
3.36 | 1.70 | — | — | — | — |
Long-term receivables |
— | 1.26 | — | — | — | — |
Goodwill and Intangible Assets (Total) |
— | — | — | — | 4.94 | 3.03 |
Long-term assets (Other) |
0.05 | 0.58 | 0.50 | 0.38 | — | 0.04 |
Total non-current assets |
— | 6.81 | 2.97 | 0.12 | 6.40 | 4.33 |
Total Assets |
5.08 | 8.28 | 6.08 | 20.55 | 6.40 | 4.38 |
Accounts Payable |
— | 0.40 | — | — | — | — |
Accrued Expenses |
— | 0.03 | 0.07 | 0.08 | 0.01 | 0.06 |
Current Part of Debt |
7.44 | 0.48 | 0.98 | 5.08 | 0.37 | 0.12 |
Current Revenue (Deferred) |
— | 0.25 | — | — | — | — |
Other current liabilities |
0.09 | — | — | — | — | — |
Total current liabilities |
7.53 | 1.92 | 3.87 | 7.48 | 0.67 | 0.93 |
Long Term Debt (Total) |
6.71 | 3.80 | 3.55 | — | — | — |
Non-current Liabilities (Other) |
0.06 | — | — | — | — | — |
Total non-current liabilities |
— | 3.80 | 3.55 | — | — | — |
Total liabilities |
14.31 | 5.72 | 7.42 | 7.48 | 0.67 | 0.93 |
Additional Paid In Capital |
— | 7.58 | 27.58 | 51.42 | 44.30 | 46.49 |
Common Stock (Net) |
0.07 | 17.80 | 0.05 | 0.05 | 0.00 | 0.00 |
Retained Earnings |
(10.70) | (23.37) | (29.61) | (38.89) | (37.90) | (42.53) |
Common Equity (Total) |
(9.23) | 2.56 | (1.34) | 13.07 | 5.74 | 3.44 |
Shareholders Equity (Total) |
(9.23) | 2.56 | (1.34) | 13.07 | 5.74 | 3.44 |
Shareholders Equity and Liabilities (Total) |
— | 8.28 | 6.08 | 20.55 | 6.40 | 4.38 |
Shares (Common) |
— | 2.09 | 2.27 | 2.64 | 2.64 | 3.67 |
Shareholders Equity (Tangible) |
— | 2.56 | (1.34) | 13.07 | 0.80 | 0.41 |
Net Debt |
14.12 | 3.81 | 3.90 | 4.88 | 0.37 | 0.12 |
Total Debt |
14.15 | 4.28 | 4.53 | 5.08 | 0.37 | 0.12 |