GSMT — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-08-13

• The Company’s business model centers on cloud rendering services. The Company intends to support future revenue growth by increasing available rendering capacity, enhancing its platform’s functionality, and continuing to market its services to 3D interior designers, visualization professionals, and …

• As part of its future growth initiatives, the Company intends to evaluate online marketing as a primary strategy for attracting new users and increasing awareness of its cloud rendering services.

Text removed vs the prior filing · source: 10-K · 2025-08-29

• The Company’s business model centers on cloud rendering services. We believe that revenue growth and long-term profitability can be achieved in the year 2025 and beyond by ensuring the technical performance of our cloud rendering platform remains highly cost-effective. As we continue to expand, the …

• We are considering choosing online marketing as our key strategy to attract the users. We will invest into promotion via different social networks and search engine optimization. This is planned to help us to appear in users search inquiries by key words.

Text added vs the prior filing · source: 10-K · 2026-08-13

• We are a company in the development stage with limited operations. Although we have begun generating revenue from our activities, we continue to incur net losses.

• As of May 31, 2026, Global-Smart.Tech Inc. had an accumulated deficit of $374,373. During the year ended May 31, 2026, the Company reported a net loss of $103,768 and used cash in operations of $24,375. These factors raise substantial doubt about our ability to continue as a going concern.

• Total expenses for the year ended May 31, 2026 were $182,924, made up of professional fees of $43,441, depreciation expense of $74,198, IT & software expenses of $52,115, marketing services of $12,740, office expenses of $260 and bank service charges of $170.

• The increases in revenue and expenses in the current year were mostly due to the general overall growth of the Company. Total expenses increased by $51,682, a necessary investment to support our commercial activities. Key expenditures, such as the $52,115 in IT & software expenses, which was an incr…

• As of May 31, 2026, we had limited current assets of $9,100, have recurring losses, have an accumulated deficit, and continue to use cash in operations. These factors raise substantial doubt about our ability to continue as a going concern. In the opinion of our management, additional funding is req…

Text removed vs the prior filing · source: 10-K · 2025-08-29

• We are a development stage corporation with limited operations and minimal revenues from our business operations.

• Our financial statements have been prepared on a going concern basis which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. As of May 31, 2025 Global-Smart.Tech Inc. has an accumulated defici…

• Total revenue for the year ended May 31, 2025 was $6,868 and $0 was generated for the year ended May 31, 2024.

• Total expenses for the year ended May 31, 2024 were $91,409 made up of professional fees of $17,212, depreciation expense of $74,197.

• The increases in revenue and expenses in the current year were mostly due to the general overall growth of the Company. Total expenses increased by $39,833, a necessary investment to support our commercial activities. Key expenditures such as the $25,550 platform expense and $1,905 in IT & software …