Global-Smart.Tech Posts $78,061 Loss on $57,826 Revenue in Nine Months Ended Feb 2026

Global-Smart.Tech reported a net loss of $78,061 for the nine months ended February 28, 2026, down 27% from the $106,323 loss recorded in the same period a year earlier. Revenue climbed to $57,826 from $1,200 in the prior-year period, marking a forty-eight-fold increase as the company ramped up commercial activity. Read more earnings reports.

For the three months ended February 28, 2026, the company posted a net loss of $24,946 compared to a loss of $20,916 in the same quarter last year. Quarterly revenue reached $14,052, up from $1,200 a year earlier.

Operating expenses totaled $135,887 for the nine-month period, up from $107,523 in the prior year. Professional fees climbed to $39,830 from $26,263, while general and administrative expenses reached $25,612 compared to $40,408 the year before. Depreciation expense held steady at $55,649 versus $55,648 in the prior period.

Balance Sheet Deteriorates

The company's stockholders' deficit widened to $309,619 as of February 28, 2026, from a deficit of $238,761 at May 31, 2025. Total assets declined to $167,124 from $220,904 over the same span, driven by a drop in fixed assets to $134,017 from $189,666.

Cash fell to $7,177 from $12,943 at the start of the fiscal year. The company relied on $4,310 in proceeds from related-party loans during the nine months, partially offset by a $1,200 repayment. Total liabilities rose to $476,743 from $459,665, with loans from related parties climbing to $434,425 from $430,115.

Capital Raise and Share Issuance

Global-Smart.Tech issued 240,100 common shares for cash during the period, raising $7,203. The company had 6,134,780 shares outstanding as of February 28, 2026, up from 5,894,680 shares at May 31, 2025.

The company reported deferred revenue of $6,768 as of February 28, 2026, compared to $4,000 at the prior fiscal year-end. Accrued salaries stood at $25,550, unchanged from May 31, 2025.

Cash Flow

Cash used in operating activities totaled $17,279 for the nine months ended February 28, 2026, an improvement from $24,912 used in the prior-year period. Financing activities generated net cash of $11,513, compared to $24,912 in the year-earlier period. The company reported no investing activities during either period.

The accumulated deficit expanded to $348,666 as of February 28, 2026, from $270,605 at May 31, 2025. Equipment net of depreciation stood at $131,917, down from $186,516, while website development assets declined to $2,100 from $3,150.