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GTII Global Tech Industries

Global Tech Industries Group, Inc. engages in the acquisition of companies. Its subsidiaries and affiliates operate in the following sectors: intellectual properties, proprietary systems, trade secrets in the bioscience, green-tech and global health technologies, and other new and emerging businesses. The company was founded on July 24, 1980 and is headquartered in New York, NY.

Company profile

Ticker
GTII
Exchange
Website
CEO
David I. Reichman
Employees
Incorporated
Location
Fiscal year end
Former names
GOHEALTH MD INC, NUGGET EXPLORATION INC, TREE TOP INDUSTRIES, INC.
SEC CIK
IRS number
830250943

GTII stock data

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Calendar

18 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 56.78K 56.78K 56.78K 56.78K 56.78K 56.78K
Cash burn (monthly) (positive/no burn) (positive/no burn) 241.43K 268.16K 24.17K 18.08K
Cash used (since last report) n/a n/a 595.96K 661.94K 59.67K 44.63K
Cash remaining n/a n/a -539.19K -605.17K -2.89K 12.14K
Runway (months of cash) n/a n/a -2.2 -2.3 -0.1 0.7

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • During the 2020 year, we generated revenues of $8,500, compared to $0 for 2019. Our total operating expenses increased from $1,861,764 in 2019 to $2,573,359 in 2020. The increase was primarily the result of the increase in stock-based compensation to our professionals. General and administrative expenses decreased from $992,865 in 2019 to $65,856 in 2020, a decrease of $927,009, mostly due to the decrease in travel related expenses due to the restrictions of Covid-19. Compensation to officers and service fees to professionals increased by $1,638,337, from $868,899 to $2,507,236 due mostly to the increase in share-based compensation, and medical benefits for employees. Depreciation expense increased to $267 from $0 the prior year.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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