Globaltek Ventures, Inc. (ATVK)
Sector: Motor Vehicle Parts & Accessories
Globaltek Ventures, Inc.
OTC:ATVK
Mkt Cap$2.34B
Float613.21M
O/S613.23M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$6.38M
Total Assets$10.97M
Free Cash Flow$517K
Debt & Equity
Debt 11%
Equity 78%
Preferred 11%
Total Debt$1.06M
Total Equity$7.8M
Preferred Stock$1.1M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:1,200Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:1,200Reverse splitJan 20, 20261,200 shares → 1
- 1:10Reverse splitFeb 16, 201610 shares → 1
Balance Sheet Details
Assets$10.97M
Liabilities$3.17M
Accounts Receivable$0
Accounts Payable$516K
Inventory$0
PP&E (Net)$417K
Goodwill$0
Intangible Assets$78K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2012-05-31 |
| Revenue | $0 | $678K | $949K | $1.08M | $730K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K |
| YoY Growth | - | -28.6% | -11.8% | 47.5% | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $18K | $32K | $277 | $205K | $161K | $0 | $0 | $433K | $13K | $19K | $0 | $64K | $0 | $9K |
| Gross Profit | -$18K | $678K | $949K | $871K | $569K | $0 | $0 | -$433K | -$13K | -$19K | $0 | -$64K | $0 | $2K |
| Gross Margin | - | 100.0% | 100.0% | 81.0% | 78.0% | - | - | - | - | - | - | - | - | 20.7% |
| Research and Development | $0 | $294K | $516K | $902K | $838K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $96K | $132K | $224K | $1.21M | $1.29M | $175K | $142K | $433K | $13K | $19K | $16K | $53K | $55K | $45K |
| Other | $478K | $32K | $82K | $662K | $161K | $0 | $0 | -$100K | $0 | $0 | $0 | -$1K | $0 | $0 |
| Total Operating Expenses | $574K | $459K | $823K | $1.21M | $1.29M | $175K | $142K | $433K | $13K | $19K | $16K | $52K | $56K | $47K |
| Operating Income (EBIT) | -$592K | $219K | $127K | -$342K | -$720K | -$175K | -$142K | -$433K | -$13K | -$19K | -$16K | -$52K | -$56K | -$45K |
| Operating Margin | - | 32.3% | 13.3% | -31.8% | -98.7% | - | - | - | - | - | - | - | - | -403.4% |
| Interest Expense | $131K | $162K | $185K | $153K | $165K | $3K | $9K | $74K | $0 | $4K | $0 | $0 | $5K | $5K |
| Interest Income | $0 | $0 | $0 | $0 | $165K | $3K | $72K | $0 | $0 | $0 | $0 | $14K | $0 | $0 |
| Other Income (Expense) | -$5.79M | $4.28M | -$185K | $509K | $709K | -$3K | -$9K | -$174K | $420K | $6K | -$147K | $14K | -$5K | -$5K |
| Income Before Tax (EBT) | -$6.38M | $4.5M | -$59K | $167K | -$10K | -$177K | -$151K | -$607K | -$13K | -$163K | -$1K | -$67K | -$61K | -$45K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $74K | $0 | -$4K | -$14K | $15K | $0 | $5K |
| Net Income | -$6.38M | $4.5M | -$59K | $167K | -$10K | -$177K | -$151K | -$680K | -$13K | -$159K | $13K | -$81K | -$61K | -$50K |
| Net Income Margin | - | 663.0% | -6.2% | 15.5% | -1.4% | - | - | - | - | - | - | - | - | -448.4% |
| Supplementary Data | ||||||||||||||
| EPS | -1.90 | 0.01 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.02 | -0.00 | -0.02 | 0.00 | -0.01 | -0.01 | -0.03 |
| Diluted EPS | -1.90 | 0.01 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.02 | -0.00 | -0.01 | 0.00 | -0.00 | -0.00 | -0.03 |
| Weighted Average OS | 3.35M | 486,003 | 461,837 | 428,505 | 428,505 | 357,619 | 183,319 | 29,512 | 5,755 | 5,750 | 5,577 | 5,541 | 5,541 | 1,667 |
| EBITDA | -$574K | $4.69M | $209K | $525K | $315K | $0 | -$64K | -$533K | -$100K | $0 | -$163K | -$801 | -$64K | -$55K |
| EBITDA Margin | - | 691.6% | 22.0% | 48.7% | 43.2% | - | - | - | - | - | - | - | - | -491.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2012-05-31 | 2011-05-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $3K | $0 | $6K | $751 | $29K | $25K | $0 | $28K | $40K | $0 | $0 | $0 | $5K | $533 | $32K |
| Short-Term Investments | $0 | $28K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3K | $28K | $6K | $751 | $29K | $25K | $0 | $28K | $40K | $0 | $0 | $0 | $5K | $533 | $32K |
| Accounts Receivable | $0 | $0 | $132K | $374K | $254K | $0 | $0 | $0 | $0 | $0 | $14K | $14K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94 | $94 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $12K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $3K | $28K | $140K | $376K | $307K | $25K | $0 | $41K | $41K | $0 | $14K | $14K | $5K | $533 | $42K |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $417K | $0 | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $14K | $13K |
| Goodwill | $0 | $1.77M | $2.18M | $2.79M | $0 | $1.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $78K | $354K | $774K | $250K | $250K | $250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $10.47M | $5.03M | $662K | $662K | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $264K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$3K | $28K | $35K | $0 | $2.96M | $120K | $0 | $0 | $0 | $0 | $264K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $10.96M | $7.19M | $3.66M | $3.7M | $3.21M | $2.14M | $0 | $0 | $0 | $0 | $264K | $264K | $13K | $14K | $13K |
| Other Assets | $0 | -$28K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$14K | -$14K | $0 | $0 | $0 |
| Total Assets | $10.97M | $7.19M | $3.8M | $4.08M | $3.52M | $2.17M | $0 | $41K | $41K | $0 | $264K | $264K | $18K | $14K | $54K |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $516K | $516K | $987K | $1.19M | $784K | $0 | $0 | $52K | $52K | $23K | $23K | $4K | $12K | $2K | $23 |
| Short-Term Debt | $125K | $21K | $21K | $21K | $21K | $208K | $220K | $503K | $503K | $0 | $0 | $0 | $0 | $25K | $25K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $600K | $151K | $386K | $245K | -$399K | -$234K | $0 | -$503K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $892K | $318K | $151K | $427K | $555K | $591K | $266K | $80K | $0 | $0 | -$19K | $0 | $2K | $16K | $8K |
| Total Current Liabilities | $2.23M | $1.46M | $1.71M | $2.03M | $1.36M | $1.2M | $721K | $636K | $94K | $81K | $62K | $47K | $49K | $36K | $26K |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $935K | $1.02M | $1.93M | $1.76M | $2.03M | $1.49M | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $935K | $1.02M | $1.93M | $1.76M | $2.03M | $1.49M | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.17M | $2.48M | $3.64M | $3.78M | $3.39M | $2.69M | $740K | $636K | $94K | $81K | $62K | $47K | $49K | $36K | $26K |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $1.1M | $1.1M | $1.1M | $865K | $865K | $865K | $52 | $53 | $119 | $123 | $1K | $1K | $1K | $1K | $1K |
| Common Stock | $9K | $613K | $554K | $514K | $514K | $434K | $285K | $34K | $7K | $7K | $69K | $67K | $67K | $20K | $20K |
| Retained Earnings | $4.76M | $2.12M | -$2.38M | -$2.32M | -$2.49M | -$2.48M | -$1.64M | -$1.08M | -$471K | -$458K | -$295K | -$294K | -$228K | -$167K | -$117K |
| Comprehensive Income & Other | -$37M | $0 | -$0 | $0 | $0 | $1 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $3.04M | $1.98M | $1.98M | $2.1M | $2.1M | $1.52M | $616K | $449K | $370K | $370K | $428K | $181K | $130K | $125K | $125K |
| Total Equity | $7.8M | $4.71M | $156K | $298K | $131K | -$524K | -$740K | -$595K | -$94K | -$81K | $202K | -$47K | -$31K | -$22K | $29K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $10.97M | $7.19M | $3.8M | $4.08M | $3.52M | $2.17M | $0 | $41K | $0 | $0 | $264K | $0 | $18K | $14K | $54K |
| Supplementary Data | |||||||||||||||
| Total Debt | $1.06M | $1.04M | $1.95M | $1.78M | $2.05M | $1.7M | $239K | $503K | $503K | $0 | $0 | $0 | $25K | $25K | $25K |
| Net Debt | $1.06M | $1.04M | $1.95M | $1.78M | $2.02M | $1.68M | $239K | $476K | $463K | $0 | $0 | $0 | $20K | $24K | -$7K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2012-05-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$6.38M | $4.5M | -$59K | $167K | -$10K | -$177K | -$151K | -$607K | -$13K | -$163K | -$1K | -$67K | -$61K | -$50K |
| Depreciation & Amortization | $18K | $32K | $83K | $205K | $161K | $175K | $78K | $0 | $433K | $13K | $0 | $532 | $532 | $710 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $478K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | -$4K | $242K | -$120K | -$146K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94 | -$94 | $0 |
| Accounts Payable | $38K | -$279K | -$204K | $407K | $575K | $0 | $0 | $19K | $435 | $19K | -$8K | $10K | $2K | -$395 |
| Other Working Capital | $678K | $518K | -$86K | $281K | $38K | $373K | $212K | $120K | -$8K | -$6K | -$29K | $33K | $44K | $13K |
| Total Working Capital Change | $715K | $235K | -$49K | $568K | $467K | $373K | $212K | $139K | -$7K | $12K | -$37K | $43K | $46K | $13K |
| Other Non-Cash Items | $5.69M | -$4.43M | $2K | -$662K | -$982K | -$345K | -$141K | $100K | -$433K | $135K | $0 | $12K | -$532 | -$710 |
| Net Cash from Operating | $517K | $331K | -$23K | $278K | -$258K | $25K | -$927 | -$368K | -$20K | -$3K | -$38K | -$10K | -$15K | -$37K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K |
| Acquisitions | $0 | $0 | $0 | $0 | -$284K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$506K | $0 | $0 | -$36K | $0 | $0 | $0 | -$108K | $20K | $3K | $38K | $5K | $0 | $0 |
| Net Cash from Investing | -$506K | $0 | $0 | -$36K | -$284K | $0 | $0 | -$108K | $20K | $3K | $38K | $5K | $0 | -$2K |
| Financing Activities | ||||||||||||||
| Debt Repaid | $8K | $330K | -$28K | $270K | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $0 | $0 | $5K | $5K | $5K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $545K | $0 | $0 | $504K | $0 | $0 | $0 | $5K | $19K | $3K |
| Net Cash from Financing | -$8K | -$330K | $28K | -$270K | $545K | $0 | $0 | $504K | $0 | $0 | $0 | $5K | $19K | $8K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3K | $2K | $5K | -$28K | $4K | $26K | -$29K | $28K | $0 | $0 | $0 | $0 | $4K | -$31K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $517K | $331K | -$23K | $278K | -$258K | $25K | -$927 | -$368K | -$20K | -$3K | -$38K | -$10K | -$15K | -$37K |
| Capital Expenditure | $0 | $0 | $0 | -$36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K |
| Free Cash Flow | $517K | $331K | -$23K | $242K | -$258K | $25K | -$927 | -$368K | -$20K | -$3K | -$38K | -$10K | -$15K | -$39K |
| Cash at Beginning | $7K | $6K | $751 | $29K | $25K | -$927 | $28K | $0 | $0 | $0 | $0 | $5K | $533 | $32K |
| Cash at End | $3K | $7K | $6K | $751 | $29K | $25K | -$927 | $28K | $0 | $0 | $0 | $5K | $5K | $532 |