Global Innovative Platforms Reports $49,429 Loss in Q1 2026, Narrows Deficit 59%

Global Innovative Platforms Inc. reported a net loss of $49,429 for the three months ended December 31, 2025, a 59% improvement from the $120,467 loss recorded in the same quarter of 2024. The company generated $30,000 in revenue during the period, its first reported revenue in the available data. Read more earnings reports.

Total expenses declined to $79,429 from $120,467 a year earlier, driven by reductions across both research and general spending. Research and development costs fell 69% to $10,681 from $34,250, while general and administrative expenses dropped 20% to $68,748 from $86,217.

Operating Performance

Operating loss narrowed to $49,429 from $120,467 in the prior-year quarter. Loss per share improved to $0.001 from $0.003 on a diluted basis. Weighted average shares outstanding rose to 44.5 million from 35.7 million.

General and administrative expenses included $28,667 in operating costs, down from $67,500 a year earlier. Professional fees halved to $5,000 from $10,000, while public entity expenses jumped to $23,069 from $3,874. Other operating expenses rose to $12,012 from $4,843.

Cash Flow and Balance Sheet

The company generated positive operating cash flow of $12,676 for the quarter, reversing a $138,057 cash burn in the year-ago period. The shift reflected the narrower loss combined with $55,500 in deferred revenue recorded during the quarter and non-cash expenses of $2,429.

Cash and cash equivalents stood at $49,004 at December 31, 2025, up from $17,828 at September 30, 2025. The company raised $18,500 through stock issuances during the quarter, compared to $286,501 in the prior-year period.

Total assets increased to $224,951 from $199,275 at the end of September. The company held $170,435 in property, plant and equipment net of $5,013 in accumulated depreciation. Current assets included $6,000 in prepaid expenses and $5,512 in advances to a related party.

Liabilities and Equity

Current liabilities climbed to $65,784 from $11,609 at September 30, driven by the $55,500 deferred revenue balance. Accounts payable totaled $284, accrued expenses $7,000, and related party payables $3,000.

Stockholders' equity declined to $159,567 from $187,666 at the prior quarter-end, reflecting the period's net loss partially offset by $18,500 in cash from stock sales and $2,429 in stock issued for services. Common shares outstanding rose to 45.98 million from 44.48 million.

The company reported a retained deficit of $1.30 million at December 31, 2025, compared to $1.26 million three months earlier. Since inception, the company has consumed $852,972 in operating cash flow and raised $1.15 million through equity financing.