Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Research and development2¢$294.4K
- Interest1¢$162.1K
- Profit97¢$13.5M
Out of $678.3K in revenue.2
Where each dollar of operating cash went, fiscal 2024
- Kept or used elsewhere100¢$324.0K
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue: | $678.3K | |
| Development and support | $294.4K | |
| General and administrative | $95.9K | $132.4K |
| Depreciation and amortization | $18.1K | $32.1K |
| Impairment Loss | $2.1M | |
| Stock-based compensation | $477.7K | |
| Total operating expenses | $2.7M | $459.0K |
| Operating income/(loss) | -$2.7M | $219.3K |
| Interest expense debt | -$130.7K | -$162.1K |
| Gain/(loss) on disposal and fair-value changes in investments | -$3.6M | $13.5M |
| Other income | $38.2K | |
| Net income (loss): | -$6.4M | $13.5M |
| Basic (in Dollars per share) | -$1.90 | $27.82 |
| Diluted (in Dollars per share) | -$1.90 | $27.82 |
| Weighted Average shares used in computing Basic (in Shares) | 3.4M shares | 486.0K shares |
| Weighted Average shares used in computing Diluted (in Shares) | 3.4M shares | 486.0K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $2.5K | ||
| Total current assets | $2.5K | ||
| Property and equipment, net | $417.3K | ||
| Franchise and Development rights, net | $78.4K | ||
| Commitment fees (lines of credit) | $27.7K | ||
| Investment in securities | $10.5M | $14.1M | |
| Patent | $250.0K | ||
| Product development, net | $104.0K | ||
| Goodwill | $1.8M | $2.2M | |
| Total long-term assets | $11.0M | $16.2M | |
| Total assets | $11.0M | $16.2M | |
| Accounts payable | $516.1K | $516.4K | |
| Accrued interest and expenses | $700.6K | $600.0K | |
| Short-term debt | $125.2K | $21.0K | |
| Short-term advance from affiliates | $892.4K | $317.8K | |
| Total current liabilities | $2.2M | $1.5M | |
| Long term debts | $935.1K | $1.0M | |
| Total long-term liabilities | $935.1K | $1.0M | |
| Total liabilities | $3.2M | $2.5M | |
| Common stock, $0.001 par value, 11,000,000,000 shares authorized, 9,124,451 issued and outstanding, respectively* | $9.1K | $511 | |
| Additional paid in capital | $38.9M | $1.5M | |
| Common control Adjustment Account | -$37.0M | ||
| Accumulated surplus | $4.8M | $11.1M | |
| Total stockholders equity | $7.8M | $13.7M | $155.6K |
| Total liabilities and stockholders equity | $11.0M | $16.2M | |
| Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | |
| Common Stock, Shares authorized (in Shares) | 11.0B shares | 11.0B shares | |
| Common Stock, Shares issued (in Shares) | 9.1M shares | 9.1M shares | |
| Common Stock, Shares outstanding (in Shares) | 9.1M shares | 9.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $2.5K | ||
| Total current assets | $2.5K | ||
| Property and equipment, net | $417.3K | ||
| Franchise and Development rights, net | $78.4K | ||
| Commitment fees (lines of credit) | $27.7K | ||
| Investment in securities | $10.5M | $14.1M | |
| Patent | $250.0K | ||
| Product development, net | $104.0K | ||
| Goodwill | $1.8M | $2.2M | |
| Total long-term assets | $11.0M | $16.2M | |
| Total assets | $11.0M | $16.2M | |
| Accounts payable | $516.1K | $516.4K | |
| Accrued interest and expenses | $700.6K | $600.0K | |
| Short-term debt | $125.2K | $21.0K | |
| Short-term advance from affiliates | $892.4K | $317.8K | |
| Total current liabilities | $2.2M | $1.5M | |
| Long term debts | $935.1K | $1.0M | |
| Total long-term liabilities | $935.1K | $1.0M | |
| Total liabilities | $3.2M | $2.5M | |
| Common stock, $0.001 par value, 11,000,000,000 shares authorized, 9,124,451 issued and outstanding, respectively* | $9.1K | $511 | |
| Additional paid in capital | $38.9M | $1.5M | |
| Common control Adjustment Account | -$37.0M | ||
| Accumulated surplus | $4.8M | $11.1M | |
| Total stockholders equity | $7.8M | $13.7M | $155.6K |
| Total liabilities and stockholders equity | $11.0M | $16.2M | |
| Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | |
| Common Stock, Shares authorized (in Shares) | 11.0B shares | 11.0B shares | |
| Common Stock, Shares issued (in Shares) | 9.1M shares | 9.1M shares | |
| Common Stock, Shares outstanding (in Shares) | 9.1M shares | 9.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -$6.4M | $13.5M |
| Amortization and depreciation | $18.1K | $32.1K |
| Amortization of LOC commitment fees | $27.7K | $7.4K |
| Impairment loss | $2.1M | |
| (Gain)/loss on disposal and fair value changes in investments | $3.6M | -$13.5M |
| Stock-based compensation | $477.7K | |
| Other Income | -$38.2K | |
| Accounts receivable | -$3.8K | |
| Prepaid expenses | $1.5K | |
| Accounts payable | $37.9K | -$286.6K |
| Accrued interest | $103.0K | $106.8K |
| Deferred revenues | $91.5K | |
| Short-term advance from affiliate | $574.6K | $317.8K |
| Net cash flow (used in)/ provided by operating activities | $516.6K | $324.0K |
| Purchase of franchise and development rights | -$82.5K | |
| Purchase of real estate | -$423.2K | |
| Net cash flow (used in)/ provided by investing activities | -$505.7K | |
| Proceeds of short-term debt | -$296.2K | |
| Repayment of long-term debt | -$8.3K | -$33.5K |
| Net cash flow (used in)/provided by financing activities | -$8.3K | -$329.7K |
| Net increase (decrease) in cash | $2.5K | -$5.6K |
| Cash paid for interest | $47.9K | |
| Cash divested in sale of Ecker Capital, Inc. | $7.3K |
No quarter-by-quarter statement was filed.
Corporate structure
Globaltek Ventures, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Globaltek Ventures, Inc.
- Epazz Inc Filed SC 13D on Globaltek Ventures, Inc., latest Apr 18, 2023
- Globaltek Ventures, Inc. Chicago, Illinois
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Globaltek Ventures, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $04 Dec 31, 2024 | $28.6K4 Dec 31, 2023 | −100.0% |
| Furniture and fixtures | $04 Dec 31, 2024 | $7.7K4 Dec 31, 2023 | −100.0% |
| Property and equipment, before depreciation | $423.2K2 Dec 31, 2025 | $04 Dec 31, 2024 | |
| Accumulated depreciation | $5.9K2 Dec 31, 2025 | $04 Dec 31, 2024 | |
| Property and equipment, net | $417.3K2 Dec 31, 2025 | $04 Dec 31, 2024 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.5K2 Dec 31, 2025 | $04 Dec 31, 2024 | |
| Marketable securities, non-current | $10.5M2 Dec 31, 2025 | $14.1M4 Dec 31, 2024 | −25.5% |
| Stakes in other companies (equity method) | $10.5M2 Dec 31, 2025 | $14.1M2 Dec 31, 2024 | −25.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.8M2 Dec 31, 2024 | $2.2M2 Dec 31, 2023 | −18.9% |
| Accumulated amortization | $4.1K2 Dec 31, 2025 | ||
| Finite-lived intangibles, net | $250.0K2 Dec 31, 2024 | $250.0K4 Dec 31, 2023 | 0% |
Properties, in its own words
Our principal executive offices are located at 111 W. Jackson Blvd., Chicago, IL 60604, which we lease for $375 per month on a month-to-month basis with a 30-day notice, provided if either party does not terminate the agreement within (30) days prior to the end of the initial term, the lease shall automatically renew for successive one (1) month periods on the same terms. We believe that our existing facilities are suitable and adequate to meet our current needs. We intend to add new facilities or expand existing facilities as we add employees, and we believe that suitable additional or substitute space will be available as needed to accommodate any such expansion of our operations. In the third quarter of 2025, the Company formed Chicago Real Estate Partners, LLC and began purchasing luxury condominiums in Chicago, Illinois, which it rents as furnished corporate housing units to professionals and corporate executives.
Item 2 of the 10-K filed Apr 15, 2026.9
Leadership
Who has led Globaltek Ventures, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerShaun Passley Apr 21, 2023 to Apr 21, 202310
- ChairShaun Passley Apr 21, 2023 to Apr 21, 202310
- Chief financial officerShaun Passley Apr 21, 2023 to Apr 21, 202310
Former names
Timeline
- Oct 15, 20268-K Change of auditor; Earlier financial statements no longer reliable; Executive or director change11
- May 6, 20268-K Bylaws or fiscal year changed; Other events12
- Jan 22, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events13
- Sep 11, 20258-K Entered a material agreement; Completed an acquisition or sale; Bylaws or fiscal year changed14
- Apr 21, 2023New chief executive Shaun Passley becomes CEO10
Filings
38 filings to the SEC since October 2021: 6 annual reports, 11 quarterly reports, 4 major events, 1 insider forms, 1 large holders, 15 other. The latest 20:
- Oct 15, 20268-K GLOBALTEK VENTURES, INC. - FORM 8-K SEC FILING EDGAR
- May 13, 202610-Q GLOBALTEK VENTURES, INC. - FORM 10-Q SEC FILING EDGAR
- May 6, 20268-K GLOBALTEK VENTURES, INC. - FORM 8-K SEC FILING EDGAR
- Apr 15, 202610-K ANNUAL REPORT EDGAR
- Apr 10, 202610-K/A AMERITEK VENTURES, INC. - FORM 10-K/A SEC FILING EDGAR
- Mar 31, 2026NT 10-K NOTIFICATION OF LATE 10-K FILING EDGAR
- Jan 22, 20268-K AMERITEK VENTURES, INC. - FORM 8-K SEC FILING EDGAR
- Nov 14, 202510-Q/A AMERITEK VENTURES, INC. - FORM 10-Q SEC FILING EDGAR
- Nov 14, 202510-Q QUARTERLY REPORT - FORM 10-Q EDGAR
- Sep 11, 20258-K AMERITEK VENTURES, INC. - FORM 8-K SEC FILING EDGAR
- Aug 15, 202510-Q AMERITEK VENTURES, INC. - FORM 10-Q SEC FILING EDGAR
- Aug 15, 2025NT 10-Q NOTIFICATION OF LATE 10-Q FILING EDGAR
- Jun 5, 202510-K/A AMERITEK VENTURES, INC. - FORM 10-K/A SEC FILING EDGAR
- Jun 5, 2025UPLOAD EDGAR
- Jun 4, 2025CORRESP EDGAR
- May 15, 202510-Q AMERITEK VENTURES, INC. - FORM 10-Q SEC FILING EDGAR
- May 12, 202510-K/A AMERITEK VENTURES, INC. - FORM 10-K/A SEC FILING EDGAR
- May 12, 2025UPLOAD EDGAR
- May 9, 2025CORRESP EDGAR
- May 5, 2025UPLOAD EDGAR
The 38 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
SEC filer profile
How Globaltek Ventures, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGlobaltek Ventures, Inc.1
- CIK0001530185
- Employer ID (EIN)87-23807779
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company9
- Incorporated inNevada9
- Fiscal year endsDecember 311
- Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address111 W. Jackson Blvd., Suite 1146, Chicago, IL 606041
- Phone312-239-35741
- Shares outstanding613,226,791 as of May 15, 20268
- Public float$0 as of Jun 30, 20252
- AuditorBansal & Co. LLP, New Delhi PCAOB ID 2807; no auditor attestation of internal control over financial reporting9
- On EDGAR sinceSep 19, 20111
- Filings157 in all: 8-K (34), 10-Q (31), CORRESP (11), NT 10-Q (11), 10-K (10), UPLOAD (10), S-1/A (9), NT 10-K (8)1
All 27 form types
DEF 14C (4), PRE 14C (4), 10-12G/A (3), 10-K/A (3), 10-Q/A (3), EFFECT (2), S-1 (2), 10-12G (1), 15-12G/A (1), 15-15D (1), 3 (1), 424B3 (1), 8-A12G (1), 8-K/A (1), D (1), NTN 10K (1), POS AM (1), RW (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) May 13, 2026
Latest 8-K (8-K) Oct 15, 2026
Risk factors and legal proceedings
Legal proceedings
From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Except as discussed below, we are not presently a party to any material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us.
The Company filed a lawsuit in the Clark County, Nevada, court against Clinton L. Stokes, III, the former owner of the Company, to settle the matter of shares ownership and that of if the asset coming from Fiber Optic Assets was purchased free and clear of any encumberment from Meridian Financial Group, LLC on March 6, 2023. Meridian Financial Group, LLC has a claim on the assets in the business of fiber optics previously owned by Clinton L. Stokes III. This case is still pending. There is no trial date set as of the date of this filing. This litigation is not expected to have a material effect on the Company. There is a court date set for August 2026 to settle this lawsuit.
The opening of Item 3, Legal Proceedings.9
Sources
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