ORGANIZATION

9 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION

NOTE A – ORGANIZATION

Overview

Global Technologies, Ltd. (hereinafter the “Company”, “Our”, “We”, or “Us”) was incorporated under the laws of the State of Delaware on January 20, 1999 under the name of NEW IFT Corporation. On August 13, 1999, the Company filed an Amended and Restated Certificate of Incorporation with the State of Delaware to change the name of the corporation to Global Technologies, Ltd.

Our principal executive offices are located at 806 Green Valley Road, Suite 200, Greensboro, North Carolina 27408 and our telephone number is (973) 233-5151. The information contained on, or that can be accessed through, our website is not a part of this Quarterly Report on Form 10-Q. We have included our website address in this Quarterly Report solely as an inactive textual reference.

Current Operations

Global Technologies, Ltd. is committed to delivering transformative innovation by aligning our investments with evolving consumer demand and high-potential growth sectors. While our legacy strategy included a dual focus on health and wellness through 10 Fold Services and electric vehicle (EV) infrastructure via GOe3, we have recently realigned our capital allocation and strategic priorities to reflect current market conditions and emerging opportunities.

The EV charging industry is undergoing significant consolidation and competitive saturation, prompting Global to reassess the long-term viability of our involvement through GOe3. As a result, we are limiting further investment of time, energy, and capital into GOe3 and the EV infrastructure sector. This decision reflects not a retreat, but a disciplined pivot toward sectors where we see stronger consumer demand and clearer paths to profitability.

Our health and wellness initiatives—anchored by 10 Fold Services and its affiliated operations—are now the core of Global’s strategic growth plan. These operations deliver strategic consulting, lead generation, and operational support to a rapidly growing network of wellness clinics, medical spas, and health service providers. By focusing on this vibrant and resilient sector, we believe we are positioning Global Technologies to deliver greater long-term value to our shareholders.

Our wholly owned operating subsidiaries:

About 10 Fold Services, LLC

10 Fold Services, LLC (“10 Fold Services”) was formed as a Wyoming limited liability company on November 22, 2023. It is a strategic consulting and procurement agency specializing in go-to-market planning and execution for companies in the health and wellness industry. Leveraging an “automation-first” approach, 10 Fold Services effectively integrates internal and external resources to deliver cost-efficient and impactful market entry strategies.

As a versatile entity that functions as a service provider, SaaS platform, and outsourced sales force, 10 Fold Services is committed to delivering tailored solutions that enable businesses to achieve significant market presence and sustainable growth.

One of 10 Fold Services’ initial clients operates in the medical sector, focusing on weight loss and fitness. Through a strategic blend of cutting-edge technologies and traditional sales techniques, 10 Fold Services has successfully assisted this client in penetrating the market and building a strong foundation for growth. The Company plans to maintain and deepen this relationship, using key insights to support other clients with similar objectives.

10 Fold is also amassing a valuable repository of customer data, collected through its marketing and engagement efforts. This growing database serves both internal development and external client initiatives—enabling data-driven strategies that sharpen competitive advantage and enhance client outcomes.

On November 23, 2023, 10 Fold Services entered into a Sales Agent Agreement with a supplier of pharmaceutical products, acting as a non-exclusive Sales Agent. Under this agreement, 10 Fold informs and educates potential customers and facilitates product sales, earning commissions based on volume. Additionally, on December 3, 2023, the Company entered into a profit-sharing Operating Agreement with a third-party contractor to execute pharmaceutical sales through industry connections, splitting profits equally after approved expenses.

GLOBAL TECHNOLOGIES, LTD

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended March 31, 2025 and 2024

(Unaudited)

Regulatory Update & Strategic Pivot

In early 2025, 10 Fold Services encountered a temporary disruption following the FDA’s recent ruling in favor of pharmaceutical manufacturers Eli Lilly and Novo Nordisk. This ruling paused the Company’s wholesale sales channel for GLP-1 medications, pending further regulatory clarification.

In response, 10 Fold is actively pivoting to adapt to the evolving market. Drawing on its human capital, software investments, and strategic partnerships, the Company is shifting its model toward direct-to-consumer (DTC) pharmaceutical sales. This pivot reflects months of preparation and collaboration with technology providers to establish a scalable, compliant, and consumer-focused revenue channel.

A formal rollout of the new DTC strategy will be announced in the coming days.

Despite the regulatory pause, 10 Fold remains agile, forward-looking, and committed to unlocking long-term value for its clients, partners, and shareholders.

For more information, please visit: www.10fold.services

About GOe3, LLC

GOe3, LLC

GOe3, LLC (“GOe3”) was formed as an Arizona limited liability company on February 12, 2000, and was acquired by Global Technologies, LTD (“GTLL”) through a Share Exchange Agreement on March 15, 2024. GOe3 was established to develop and operate a nationwide network of universal electric vehicle (“EV”) charging stations located within 45–75 miles of selected interstate highways across the United States. GOe3’s patent-pending charging station design combines Level 2 and Level 3 functionality and is supported by a platform integrating solar deployment, mobile applications, and business/consumer service portals.

Key features of the GOe3 platform include:

● A unique, universal 50+ kW combination Level 2/3 E³EV charging station;

● Integrated solar deployment for energy efficiency;

● A proprietary phone application and web-based business/consumer portal that supports:

o Real-time couponing and location-based advertising;

o Compatibility with all major EV manufacturers (CHAdeMO, SAE, J1772, Tesla);

o Enhanced monetization tools such as hotel booking, business services, and sponsorships.

On June 8, 2023, GOe3 entered into an Earnest Money Agreement with a third party for the anticipated delivery of 1,000 home bi-directional chargers with grid-sensing capabilities and up to 1,000 workplace chargers, totalling approximately $10,000,000 in projected revenue.

Despite these promising developments, GOe3 has faced significant operational and market headwinds. The company has been unable to complete key software development projects required to support the back-end of its EV charging network, limiting its ability to meet the compliance and performance standards necessary to secure government-sector contracts. Additionally, recent changes in U.S. federal policy regarding EV infrastructure funding, grants, and tax incentives have created further uncertainty and impeded market entry.

As a result of these challenges, and in light of delays by GOe3’s management in executing critical milestones—including the completion of its platform software and government contracting readiness—Global Technologies, LTD has made the strategic decision to reduce its business investment in GOe3. Accordingly, the Company will also reassess and reduce the goodwill value previously assigned to the GOe3 acquisition as of March 15, 2024.

Global Technologies, LTD remains committed to a disciplined capital allocation strategy and will continue to evaluate the performance of its subsidiaries to ensure alignment with long-term shareholder value creation.

For more information, please refer to NOTE E – ACQUISITION OF GOe3, LLC.

About Foxx Trot Tango, LLC

Foxx Trot Tango, LLC (“Foxx Trot”) was formed as a Wyoming limited liability company on February 3, 2022, and was acquired through a membership interest purchase agreement on July 25, 2023. Foxx Trot previously held title to a commercial building located in Sylvester, Georgia, which was sold on March 26, 2024. Following the completion of that transaction, the Company elected to dissolve Foxx Trot and does not intend to utilize the entity for any future real estate acquisitions or operations. Please see NOTE D – ACQUISITION OF FOXX TROT TANGO, LLC for further information.

GLOBAL TECHNOLOGIES, LTD

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended March 31, 2025 and 2024

(Unaudited)