GBT Technologies Inc. SEC 10-Q Report

GBT Technologies Inc., a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and key business activities, reflecting both challenges and strategic initiatives undertaken during the period.

Financial Highlights

GBT Technologies Inc. reported the following key financial metrics for the three and six months ended June 30, 2025:

• Operating Expenses: $114,010 for the three months ended June 30, 2025, compared to $176,078 for the same period in 2024, a decrease of 27% due to limited cash flows to expand the business. For the six months ended June 30, 2025, operating expenses were $117,171, compared to $353,704 for the same period in 2024, a decrease of 67%.
• Loss from Operations: $(114,010) for the three months ended June 30, 2025, compared to $(176,078) for the same period in 2024. For the six months ended June 30, 2025, the loss from operations was $(117,171), compared to $(353,704) for the same period in 2024.
• Net Income (Loss): $(215,554) for the three months ended June 30, 2025, compared to $1,046,496 for the same period in 2024, primarily due to a decrease in derivative liabilities. For the six months ended June 30, 2025, the net loss was $(317,954), compared to $8,206,384 for the same period in 2024.
• Net Income (Loss) Per Share - Basic: $(0.00) for the three months ended June 30, 2025, compared to $0.00 for the same period in 2024. For the six months ended June 30, 2025, the net income (loss) per share - basic was $(0.00), compared to $0.00 for the same period in 2024.
• Net Income (Loss) Per Share - Diluted: $(0.00) for the three months ended June 30, 2025, compared to $0.00 for the same period in 2024. For the six months ended June 30, 2025, the net income (loss) per share - diluted was $(0.00), compared to $0.00 for the same period in 2024.

Business Highlights

GBT Technologies Inc. has been actively engaged in several key business initiatives and developments:

• Organization and Line of Business: The company focuses on developing IoT and AI-enabled networking and tracking technologies, including wireless mesh network technology platforms and fixed solutions. Additionally, GBT Technologies is involved in the development of an intelligent human body vitals device and asset-tracking IoT solutions.
• Joint Venture and Technology Development: Through its subsidiary Greenwich International Holdings, GBT Technologies entered into a joint venture with Magic Internacional Argentina FC and GBT Tokenize Corp. This venture has developed a vital device based on the Technology Portfolio, which is ready for commercialization, and has also developed derivative technologies.
• Patent Purchase Agreement: GBT Tokenize entered into a Patent Purchase Agreement with VisionWave Technologies Inc. to acquire certain patents and patent applications for a machine learning-driven technology that controls radio wave transmissions and constructs 2D/3D images of objects.
• Product Development: The joint venture with GBT Tokenize Corp. has led to the development of an intelligent human vital signs device, referred to as the qTerm. The first prototype has been completed, although the investment in this joint venture was fully impaired.
• Future Outlook: The company plans to seek additional capital through private placement offerings of debt and equity securities to mitigate factors that raise substantial doubt about its ability to continue as a going concern. GBT Technologies aims to generate profitable operations and obtain necessary financing to meet its obligations.

SEC Filing: GBT Technologies Inc. [ GTCH ] - 10-Q - Aug. 14, 2025