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

Market data

n/a: no price data available for GSMT.

Verified excerpt

"As discussed in Note 2 to the financial statements, the entity has an accumulated deficit, uses cash in operations, and has recurring losses, all of which raise substantial doubt about its 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.

Going-concern opinion issued by: Mac Accounting Group & CPAs, LLP
Source: independent auditor report in Form 10-K (period 2025-05-31)

Why this score: in auditor's report