Financial stability has rapidly eroded, with cash reserves plummeting to a nominal $360 as of 2026Q1, leaving the firm with a precarious current ratio of 0.03.
| Total Current Assets | 34K | 42.28K | 2.99K | 20.42M | 3.11M | 1.47M | 1.64M |
| Cash & Short-Term Investments | 360 | 6.99K | 2.35K | 69.69K | 118.26K | 330.45K | 25.93K |
| Cash Only | 360 | 6.99K | 2.35K | 69.69K | 118.26K | 330.45K | 25.93K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 33.64K | 35.29K | 635 | 131.83K | 2.36M | 775.22K | 15.94K |
| Days Sales Outstanding | 7.51K | 6.67K | - | - | 2.01K | 589.21 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 12.32M | 269.07K | 0 | 0 |
| Total Non-Current Assets | 4.08M | 4.33M | 6.4M | 124.03K | 2.97M | 6.81M | 3.44M |
| Property, Plant & Equipment | 1.21M | 1.27M | 1.46M | 124.03K | 2.47M | 3.28M | 33.09K |
| Fixed Asset Turnover | 0.00x | 0.00x | - | - | 0.17x | 0.15x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.84M | 3.03M | 4.94M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 1.7M | 3.36M |
| Other Non-Current Assets | 31.39K | 38.72K | 0 | 0 | 502.48K | 1.84M | 46.23K |
| Total Assets | 4.12M | 4.38M | 6.4M | 20.54M | 6.08M | 8.28M | 5.08M |
| Asset Turnover | 0.00x | 0.00x | - | - | 0.07x | 0.06x | - |
| Asset Growth % | -200.46% | -31.67% | -68.83% | 238% | -26.61% | 63.12% | - |
| Total Current Liabilities | 1.16M | 933.39K | 668.34K | 7.48M | 3.87M | 1.92M | 7.53M |
| Accounts Payable | 0 | 0 | 0 | 0 | 371.18K | 404.31K | 0 |
| Days Payables Outstanding | - | - | - | - | 287.97 | 263.8 | - |
| Short-Term Debt | 168.9K | 122.28K | 370.04K | 5.08M | 982.39K | 480.82K | 7.44M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 253.06K | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 83.94K | 979.62K | 0 | 0 |
| Current Ratio | 0.03x | 0.05x | 0.00x | 2.73x | 0.80x | 0.76x | 0.22x |
| Quick Ratio | 0.03x | 0.05x | 0.00x | 2.73x | 0.80x | 0.76x | 0.22x |
| Cash Conversion Cycle | 7.51K | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 3.55M | 3.8M | 6.77M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 3.55M | 3.8M | 6.71M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 64.34K |
| Total Liabilities | 1.16M | 933.39K | 668.34K | 7.48M | 7.42M | 5.72M | 14.31M |
| Total Debt | 168.9K | 122.28K | 370.04K | 5.08M | 4.53M | 4.28M | 14.15M |
| Net Debt | 168.54K | 115.29K | 367.69K | 5.01M | 4.41M | 3.95M | 14.12M |
| Debt / Equity | 0.06x | 0.04x | 0.06x | 0.39x | - | 1.67x | - |
| Debt / EBITDA | -0.12x | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.12x | - | - | - | - | - | - |
| Interest Coverage | -1035.38x | -659.24x | -4049.51x | - | -581.70x | -6.18x | -226.39x |
| Total Equity | 2.95M | 3.44M | 5.74M | 13.07M | -1.34M | 2.56M | -9.23M |
| Equity Growth % | -181.05% | -39.98% | -56.11% | 1074.88% | -152.3% | 127.77% | - |
| Book Value per Share | 0.80 | 1.07 | 2.17 | 5.18 | -0.51 | 0.97 | -3.50 |
| Total Shareholders' Equity | 2.95M | 3.44M | 5.74M | 13.07M | -1.1M | 2.66M | -9.23M |
| Common Stock | 3.67K | 3.67K | 52.81K | 52.81K | 45.42K | 17.8M | 66.27K |
| Retained Earnings | -43.03M | -42.53M | -37.9M | -38.89M | -29.61M | -23.37M | -10.7M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -506.04K | -511.75K | -666.47K | 493.94K | 879.42K | 646.2K | -586.63K |
| Minority Interest | 0 | 0 | 0 | 0 | -236.17K | -97.98K | 0 |
Imminent liquidity crisis
As reported in recent financial filings, GITS has seen its total assets decline from $20.5 million in 2023Q4 to $4.1 million in 2026Q1, reflecting a consistent and aggressive contraction of the company's resource base as it struggles to sustain operations without meaningful revenue generation.
The consistent downward trend in total assets suggests that the company is consuming its capital base to fund ongoing operating losses. This trajectory indicates that the business model has failed to reach a self-sustaining scale, leaving the company increasingly reliant on external capital that appears difficult to secure.
Based on the latest quarterly data, GITS's cash position has plummeted to a nominal $360 as of 2026Q1, a stark decline from the $69.7K reported in 2023Q4, which signals an immediate and severe threat to the company's ability to meet its short-term obligations.
With a current ratio of 0.03, the company lacks the liquid assets necessary to cover its current liabilities, suggesting that insolvency risk is acute. Investors should monitor for any emergency financing or asset liquidation, as the current liquidity buffer is effectively non-existent.
According to the balance sheet, goodwill has emerged as a significant component of total assets, reaching $2.8 million in 2026Q1, which warrants caution given the company's inability to generate revenue or demonstrate a viable path toward commercializing its FANTOO platform.
The presence of substantial goodwill on a balance sheet with negligible revenue suggests that the carrying value of these intangible assets may be significantly overstated. If the company cannot prove the platform's value through user monetization, these assets may be subject to future impairment charges that would further erode equity.
Analysis of the balance sheet reveals that PPE and intangible assets have been maintained despite the company's persistent losses, suggesting that GITS may be capitalizing development costs that might otherwise be recognized as immediate expenses, thereby masking the true extent of its operational cash burn.
This accounting treatment potentially inflates the book value of assets, creating a misleading picture of the company's underlying financial health. Investors should consider that the reported equity of $3.0 million may be significantly less resilient than it appears, given the lack of tangible cash backing the asset base.
Quick answers to the most common questions about buying GITS stock.
As of 2025, Global Interactive Technologies, Inc. (GITS) had total assets of $4.4M including $0.0M in current assets.
Global Interactive Technologies, Inc. (GITS) carries total debt of $0.1M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Global Interactive Technologies, Inc. (GITS) has total shareholders' equity (book value) of $3.4M ($1.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Global Interactive Technologies, Inc. (GITS) reported a current ratio of 0.05x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.