3/5Global-Smart.Tech Inc. (GSMT): Going-concern doubt

Market data

n/a: no price data available for GSMT.

Verified excerpt

"As of February 28, 2025 Global-Smart.Tech Inc. has an accumulated deficit of $252,554 and during the nine months ended February 28, 2025, used cash in operations of $24,912 has reported a net loss of $ 106,323 . These factors raise substantial doubt about our ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-02-28)

Why this score: quarterly (unaudited) disclosure