Global Innovative Platforms Inc. (GIPL)
Global Innovative Platforms Inc. engages in the business of testing breath to detect and assist in the treatment of disease. The company develops Heartworm breath test, which includes breath collection device, to collect shallow breath samples. It also operates VOCAM Plus and FROG platform for gas chromatography, as well as operates A.I. software to provide breath and air analysis. The company was formerly known as Canning Str Corp. and changed its name to Global Innovative Platforms Inc. in September 2021. Global Innovative Platforms Inc. was incorporated in 2020 and is based in Sanford, Florida.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Information Technology Services
Global Innovative Platforms Inc.
OTC:GIPLTechnology · Information Technology Services
Mkt Cap$24.88M
Float26.97M
O/S49.75M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$718K
Total Assets$199K
Free Cash Flow-$561K
Debt & Equity
Debt 1%
Equity 99%
Total Debt$2K
Total Equity$188K
Shares Outstanding
Short Interest
Split History1 split
- 8:1Forward splitDec 17, 20031 share → 8
Balance Sheet Details
Assets$199K
Liabilities$12K
Accounts Receivable$0
Accounts Payable$109
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2015 | FY 2014 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2015-09-30 | 2014-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.81M | $898K | $0 | $720 |
| YoY Growth | - | - | - | - | - | - | - | - | 212.7% | - | - | - |
| Cost of Revenue | $0 | $0 | $283K | $54K | $73K | $0 | $0 | $0 | $1.98M | $858K | $0 | $0 |
| Gross Profit | $0 | $0 | -$283K | -$54K | $0 | $0 | $0 | $0 | $832K | $40K | $0 | $720 |
| Gross Margin | - | - | - | - | - | - | - | - | 29.6% | 4.5% | - | 100.0% |
| Research and Development | $383K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $335K | $36K | $283K | $54 | $69 | $106 | $68K | $4K | $15.24M | $8.6M | $881K | $47K |
| Other | $0 | $101K | $0 | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $107 |
| Total Operating Expenses | $718K | $136K | $283K | $54 | $73 | $106 | $68K | $4K | $15.24M | $8.6M | $881K | $47K |
| Operating Income (EBIT) | -$718K | -$136K | -$566K | -$54K | -$73K | -$106 | -$68K | -$4K | -$14.41M | -$8.56M | -$881K | -$47K |
| Operating Margin | - | - | - | - | - | - | - | - | -512.9% | -953.4% | - | -6467.6% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.09M | $0 | -$932K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $135 |
| Other Income (Expense) | $0 | $0 | $0 | -$53.71M | $0 | $0 | $0 | $0 | -$6.95M | -$2.69M | -$51K | $0 |
| Income Before Tax (EBT) | -$718K | -$136K | -$283K | -$53.76M | -$73K | -$106 | -$68K | -$4K | -$21.36M | -$11.26M | -$932K | $0 |
| Income Tax Expense | $0 | $0 | $53.53M | -$53.76M | $73K | $0 | $0 | $0 | $800 | $2K | $932K | -$135 |
| Net Income | -$718K | -$136K | -$283K | -$54 | -$73K | -$106 | -$68K | -$4K | -$21.36M | -$23.91M | -$1.86M | -$46K |
| Net Income Margin | - | - | - | - | - | - | - | - | -760.4% | -2662.0% | - | -6448.9% |
| Supplementary Data | ||||||||||||
| EPS | -0.02 | -0.01 | -0.46 | -0.09 | -0.12 | -0.02 | -1.26 | -170.00 | -13430000.00 | -7320030.00 | -1020000.00 | -23216.00 |
| Diluted EPS | -0.02 | -0.01 | -0.46 | -0.09 | -0.12 | -0.02 | -1.26 | -170.00 | -13430000.00 | -7320030.00 | -1020000.00 | -23216.00 |
| Weighted Average OS | 39.37M | 26.63M | 619,085 | 619,085 | 619,085 | 619,085 | 54,053 | 40 | 0 | 0 | 0 | 0 |
| EBITDA | -$718K | $0 | -$214 | $0 | $0 | $106K | -$68K | -$4K | -$9.5M | -$6.77M | -$1.08M | -$46K |
| EBITDA Margin | - | - | - | - | - | - | - | - | -338.2% | -754.0% | - | -6452.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $18K | $15 | $415 | $48 | $262 | $0 | $933K | $191K | $67K | $13K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $18K | $15 | $415 | $48 | $262 | $0 | $933K | $191K | $67K | $13K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $198K | $318K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $244K | $500K | $0 | $0 |
| Other Current Assets | $181K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $199K | $15 | $415 | $48 | $262 | $0 | $1.56M | $1.34M | $67K | $13K |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $980K | $384K | $29K | $197 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.66M | $8M | $0 |
| Long-Term Investments | $0 | -$75 | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $75 | $2K | $0 | $0 | $0 | $114K | $328K | $0 | $0 |
| Total Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $1.09M | $14.38M | $8.03M | $197 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $199K | $15 | $415 | $48 | $262 | $0 | $2.65M | $15.71M | $8.1M | $13K |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $109 | $753 | $3K | $5 | $5K | $0 | $2.96M | $2.16M | $9K | $75 |
| Short-Term Debt | $2K | $32K | $361K | $125 | $24 | $0 | $3.76M | $1.09M | $922K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$125 | $0 | $0 | $1.98M | $1.08M | $259K | $0 |
| Other Current Liabilities | $10K | $0 | $0 | $125 | -$5K | $0 | $3.14M | $543K | $160K | $0 |
| Total Current Liabilities | $12K | $33 | $364 | $130 | $29 | $7 | $9.88M | $4.87M | $1.35M | $1K |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $5 | $5K | $0 | $6.72M | $1.92M | $931K | $0 |
| Other Liabilities | $0 | $0 | $0 | -$5 | -$5K | $0 | -$6.72M | $0 | -$931K | $0 |
| Total Liabilities | $12K | $33K | $364K | $130 | $29 | $7 | $9.88M | $6.79M | $1.35M | $1K |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $7.51M | $2M | $32 | $0 |
| Common Stock | $4K | $3K | $62 | $62 | $62 | $0 | $0 | $27K | $25K | $516K |
| Retained Earnings | -$1.26M | -$537K | -$401K | -$118 | -$64 | $9 | -$48.83M | -$13.6M | -$2.04M | -$506K |
| Comprehensive Income & Other | $0 | $75 | $0 | $0 | $35 | -$16 | $0 | $0 | -$4K | $0 |
| Other Stockholders' Equity | $1.44M | $501K | $37K | -$27 | -$26 | -$15 | $40.98M | $22.49M | $8.76M | $2K |
| Total Equity | $188K | -$33K | -$364K | -$83 | -$29 | -$7 | -$7.85M | $8.92M | $6.75M | $12K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $614K | $0 | $0 | $0 |
| Total Liabilities and Equity | $199K | $15 | $415 | $48 | $0 | $0 | $2.03M | $15.71M | $8.1M | $13K |
| Supplementary Data | ||||||||||
| Total Debt | $2K | $32K | $361K | $125 | $24 | $0 | $3.76M | $3.01M | $922K | $0 |
| Net Debt | -$16K | -$15 | -$415 | $78 | $24 | $0 | $2.83M | $2.82M | $855K | -$13K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 |
| Operating Activities | ||||||||||
| Net Income | -$718K | -$136 | -$283K | -$54 | -$73 | -$106 | -$21.36M | -$11.26M | -$932K | -$46K |
| Depreciation & Amortization | $0 | $136K | $283K | $54K | $73K | $106K | $4.91M | $1.79M | $2K | $107 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $30 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $255K | $400K | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $196 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$28K | -$20K | $48K | $196 | $21 | $0 | $1.16M | $873K | $0 | $0 |
| Total Working Capital Change | -$28K | -$20K | $48K | $196 | $21 | $30 | $1.41M | $1.27M | $95K | $7K |
| Other Non-Cash Items | $185K | -$204K | -$283K | -$54K | -$73K | -$106K | $3.59M | $2.41M | $0 | $1K |
| Net Cash from Operating | -$561K | -$87K | -$235K | -$54 | $262 | $0 | -$11.45M | -$5.79M | -$836K | -$38K |
| Investing Activities | ||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | -$728K | -$349K | -$29K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$175K | -$1K | -$1K | -$1K | -$1K | $988 | $452K | -$152K | $0 | $0 |
| Net Cash from Investing | -$175K | -$1K | -$1K | -$1K | -$1K | -$12 | -$276K | -$501K | -$29K | $0 |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | - | - | $14K | $4K | - | - |
| Common Stock Issuance | $754K | $61K | $0 | $0 | $0 | $0 | $5.51M | $2M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$87K | $2K | $101 | $1K | -$1K | $0 | $4K | $0 | $0 |
| Net Cash from Financing | $754K | $87 | $187K | $101 | $1K | $14 | $12.47M | $6.41M | $905K | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | -$163 | -$4K | $0 | $0 | $0 | $0 |
| Net Change in Cash | $18K | -$400 | -$48K | $47 | $262 | -$4K | $742K | $124K | $41K | -$38K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$561K | -$87K | -$235K | -$54 | $262 | -$164 | -$11.45M | -$5.79M | -$836K | -$38K |
| Capital Expenditure | $0 | $0 | $3 | $0 | $0 | $4 | -$728K | -$349K | -$29K | $0 |
| Free Cash Flow | -$561K | -$87K | -$235K | -$54 | $260 | -$160 | -$12.18M | -$6.13M | -$864K | -$38K |
| Cash at Beginning | $15 | $415 | $49K | $262 | -$164 | $4K | $191K | $67K | $26K | $51K |
| Cash at End | $18K | $15 | $415 | $48 | $262 | -$164 | $933K | $191K | $67K | $13K |