RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

9 Months Ended

Mar. 31, 2026

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

NOTE K - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

The effect of the restatement adjustments on the consolidated statement of operations for the three months ended March 31, 2025 follows:

	As previously reported			Restatement Adjustments		As Restated
Revenue	$	1,001,944		$	-	$	1,001,944
Less: shared revenue		947,953			-		947,953
Net revenue		53,991			-		53,991
Total operating expenses		241,380			-		241,380
Income from operations (loss)		(187,389	)		-		(187,389	)
Interest expense		(5,908	)		-		(5,908	)
Income before provision of income taxes		(193,297	)		-		(193,297	)
Provision for income taxes		-			-		-
Net income	$	(193,297	)	$	-	$	(193,297	)
Basic and diluted income per common share	$	0.00		$	0.00	$	0.00

The effect of the restatement adjustments on the consolidated statement of operations for the nine months ended March 31, 2025 follows:

	As previously reported			Restatement Adjustments			As Restated
Revenue	$	2,588,452		$	-		$	2,588,452
Less: shared revenue		1,684,337			238,000			1,922,337
Net revenue		904,115			(238,000	)		666,115
Total operating expenses		629,078			(11,996	)		617,082
Income from operations		275,037			(226,004	)		49,033
Interest expense		(24,978	)		-			(24,978	)
Income before provision of income taxes		250,059			(226,004	)		24,055
Provision for income taxes		-			-			-
Net income	$	250,059		$	(226,004	)	$	24,055
Basic and diluted income per common share	$	0.00		$	(0.00	)	$	0.00

GLOBAL TECHNOLOGIES, LTD

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended March 31, 2026 and 2024

(Unaudited)

NOTE K - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (cont’d)

The effect of the restatement adjustments on the consolidated statement of cash flows for the nine months ended March 31, 2025 follows:

	As previously reported			Restatement Adjustments			As Restated
Net income (loss)	$	250,059		$	(226,004	)	$	24,055
Adjustments to reconcile net income to net cash used in operating activities
Depreciation		26,258			(11,996	)		14,262
Changes in operating assets and liabilities:
Accounts receivable		(266,046	)		-			(266,046	)
Accounts payable		(325,841	)		-			(325,841	)
Accrued interest		24,727			-			24,727
Accrued executive compensation		(58,333	)		-			(58,333	)
Net cash provided by operating activities		302,506			(238,000	)		64,506
Net cash (used) by investing activities(Software Dev)		(238,000	)		238,000			-
Net cash used by financing activities		(150,340	)		-			(150,340	)
Net increase in cash and cash equivalents		(85,834	)		-			(85,834	)
Cash and cash equivalents, beginning of period		115,747			-			115,747
Cash and cash equivalents, end of period	$	29,913		$	-		$	29,913