Global Inc (GLAI)

Global Inc. Annual Financial Report

Report Date: June 16, 2025
Period Covered: Fiscal Year Ended December 31, 2024
Form Type: 10-K

1. Financial Highlights

• Total Revenue: $24,896 (down 27% from $34,000 in 2023)
• Cost of Revenue: $15,344
• Gross Profit: $9,552 (down from $34,000 in 2023)
• Operating Expenses: $1,010,647 (up 51% from $669,554 in 2023)
• Net Loss: $1,001,095 (versus $637,447 loss in 2023)
• Cash on Hand: $9,929
• Working Capital Deficit: $299,893

2. Profit & Loss Analysis

Global Inc reported a net loss of $1.0 million for the year ended December 31, 2024. This result stems from modest service revenue of $24.9 thousand against elevated operating expenses. Operating costs were driven by professional fees, administrative expenses, and increased R&D investments to support the newly formed innovation lab and integration of acquired AI technologies.

Key Drivers of Loss:

• 27% decline in service revenue year-over-year
• 51% increase in operating expenses to $1,010,647
• One-time transaction and professional fees related to acquisitions and corporate restructuring

3. Cash Flow & Liquidity

• Net Cash Used in Operating Activities: $927,368
• Net Cash Provided by Financing Activities: $753,333
• Year-end Cash Balance: $9,929
• Working Capital Deficit: $299,893

4. Going Concern

Management has disclosed substantial doubt about the company's ability to continue as a going concern, given recurring operating losses, negative cash flows, and a significant working capital deficit. Securing additional capital through equity or strategic partnerships is critical to sustain operations.

5. Pros & Cons

Pros:

• Focused AI acquisition strategy targeting high-growth machine learning and NLP platforms
• Centralized back-office synergies to drive cost efficiencies
• Strong acquisition pipeline and domain expertise in AI integration

Cons:

• Early-stage operations with limited recurring revenue
• High cash burn rate and ongoing financing needs
• Execution risk across multiple acquisitions and integration initiatives

• Revenue Breakdown: • Service Contracts: $24,896 (2024) vs $34,000 (2023)
• Cost of Revenue: $15,344
• Gross Profit: $9,552 (38.4% margin) vs $34,000 (100% margin in 2023)
• Operating Expenses: • General & Administrative: $324,042
  • Professional Fees: $642,298
  • Research & Development: $44,307
• Net Loss: $1,001,095
• Cash Flow: • Operating Activities: -$927,368
  • Financing Activities: +$753,333
  • Ending Cash Balance: $9,929
• Balance Sheet (Dec 31, 2024): • Total Assets: $39,057
  • Total Liabilities: $338,949
  • Stockholders’ Deficit: $299,892

Global Inc is at a pivotal stage: its AI acquisition-driven model could unlock high-margin growth, but near-term financial health is stressed by low revenue, high cash burn, and a widening working capital deficit. Key priorities include securing bridge financing at favorable terms, accelerating integration of acquired assets to boost recurring revenue, and optimizing cost structures. The company must navigate market adoption risks for early-stage AI services while executing multiple transactions. If successful, the integrated platform and cross-pollination strategy could position Global Inc for rapid scale; however, execution and liquidity risks remain significant.