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Global Boatworks (GBBT)

We are incorporated in the state of Florida on May 11, 2015, to acquire our wholly owned subsidiary Global Boatworks, LLC, a Florida limited liability company formed on June 16, 2014, to commercialize upscale stationary vessels built on a barge bottom. We owned two (2) vessels, the Miss Leah, which we acquired from a related party on September 25, 2014, as a prototype and to operate as a short-term rental in Boston Harbor, Massachusetts which we sold in September 2017, and Luxuria I, which was completed in June 2017and is being held for rental and sale.

GBBT stock data

Calendar

31 Mar 21
24 Sep 22
31 Dec 22
Quarter (USD) Sep 20 Jun 20 Mar 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.49K 30.49K 30.49K 30.49K 30.49K 30.49K
Cash burn (monthly) 13.38K 8.1K (no burn) (no burn) 118.67K 53.11K
Cash used (since last report) 318.8K 193.14K n/a n/a 2.83M 1.27M
Cash remaining -288.32K -162.65K n/a n/a -2.8M -1.24M
Runway (months of cash) -21.6 -20.1 n/a n/a -23.6 -23.3

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • We had vessel sale revenues of $750,000 and $0 for the years ended December 31, 2019 and 2018.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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