Global Interactive Technologies, Inc.

Listed Company

GITSCIK 0001911545NasdaqEmerging GrowthServices-Computer Programming, Data Processing, Etc.X1FY ends Dec 31

Period

FY 2025

Revenue

$1.9K

Net Income

$-4.63M

Total Assets

$4.38M

Equity

$3.44M

Shares Out

3.67M

Op. Cash Flow

$-751.2K

GITS$2.09−30.10% · past yearDBEQ Basic

Daily closing prices

Business

Global Interactive Technologies, Inc. operates Faning, a mobile and PC-based interactive platform connecting global fans of Korean culture through content discovery, community engagement, user-generated content creation, and monetization. The platform offers clubs, real-time multilingual translation across 17 languages, a user-reward system denominated in Faning Points (FP), and e-commerce through the Fanshop. Faning serves approximately 26.6 million users globally, excluding China, Hong Kong, and Macau, and generates revenue from advertising, user-to-user transactions, content sales, and virtual events.

Summary from 10-K filed 2025-04-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Sales	1,932	—	—	—
Cost of Revenue	—	—	—	—
Gross profit	1,932	—	—	428,187
Operating cost and expenses	−2	−888,363	−2	−6
OPERATING LOSS	−2	−888,363	−2	−5
Impairment loss on intangible assets	−1	−94,264	—	—
Gain on disposal of subsidiary, net	—	12	—	—
Loss on disposal of tangible assets	—	−23,937	—	—
Interest income (expense), net	−7,017	−1,181	32	−8,931
Gain on foreign currency transactions	1,924	3,617	154,561	650
Debt Extinguishment loss	−1	—	—	232,207
Bad-debt expense of other assets	−349	−16	—	—
Other expense, net	−792	−73	—	—
Net other income	−2	−4	—	—
Net Loss from continuing operations before tax	−5	−5	−2	−5
Income tax expense	0	0	—	—
Net loss from continuing operations	−5	−5	−2	−5
Net Loss from discontinued operations before tax	—	−1	−8	−1
Income tax benefit	—	—	—	—
Net Loss from discontinued operations	—	−1	−8	−1
Net Loss	−5	−6	−9	−6
Loss from continuing operations	−1.44	−1.81	−0.73	−0.12
Loss from discontinued operations	—	−0.53	−2.99	−0.02
Total basic net loss per share	−1.44	−2.34	−3.68	−0.14
Loss from continuing operations	−1.44	−1.81	−0.73	−0.12
Loss from discontinued operations	—	−0.53	−2.99	−0.02
Total diluted net loss per share	−1.44	−2.34	−3.68	−0.14
Weighted-average number of shares outstanding, basic	3	3	3	43
Weighted-average number of shares outstanding, diluted	3	3	3	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	6,990	2,352	—	—	—
Short-term loans, net of allowance	—	338	131,080	513,356	—
Accounts receivable, net of allowance	46	—	324,413	36	—
Non-trade receivables	8,525	297	—	2	—
Prepaid expenses and other receivables	26,715	—	748	360,518	—
Total current assets	42,276	2,987	20	3	—
PROPERTY AND EQUIPMENT, NET	1,494	2,656	124,030	253,090	—
INTANGIBLE ASSETS, NET	3	5	—	—	—
OPERATING LEASE RIGHT-OF-USE ASSETS	1	1	—	2	—
PREPAYMENT	38,717	—	—	—	—
Total Assets	4	6	21	6	—
Non-trade accounts payable	750,013	290,917	—	2	—
Accrued expenses and other current liabilities	61,100	7,379	—	—	—
Total current liabilities	933,389	668,339	7	4	—
Total Liabilities	933,389	668,339	7	7	—
Common Stock, $0.001 par value, Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding after stock split 3,674,208: common shares as of December 31, 2025 Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding after stock split 2,640,402: common shares as of December 31, 2024	3,674	2,640	52,809	45,417	—
Additional paid-in and other capital	46	44	51	28	—
Accumulated deficit	−43	−38	−39	−30	—
Accumulated other comprehensive income (loss)	−511,748	−666,470	493,942	879,420	—
Equity attributable to owners of the Company	3	6	13	−1	—
Total Stockholders Equity (Deficiency)	3	6	13	−1	2
Total Liabilities and Stockholders Deficiency	4	6	21	6	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Depreciation	1,238	6,352	9,183	—
Amortization	1	—	—	—
Lease expense	231,967	—	—	—
Gain on disposal of subsidiary	—	−12	—	—
Bad-debt expense of other assets	349	16	—	—
Loss on disposal of tangible assets	—	23,937	—	—
Accounts receivable	−46	—	−193	79,742
Non-trade receivable	−8,228	2,170	—	82,317
Prepaid expenses and other current assets	−26,715	−375	−739	−65,351
Other assets	−38,717	414,610	—	41,642
Non-trade Accounts payable	459,096	—	2	1
Accrued expenses and other current liabilities	53,721	6,812	—	—
Net cash used in operating activities of continuing operations	−751,197	−456,431	−2	−3
Receipt from collection of short-term loan receivable	—	84,154	11,988	—
Payment for short-term loan receivable	—	−14,103	—	—
Proceeds from disposal of property and equipment	—	84,097	—	—
Net cash provided by investing activities	—	154,148	−6	1
Proceeds from exercising Warrants	178,044	—	420,000	2
Net cash provided by financing activities	757,344	368,152	8	3
Net change in cash continued operations	6,147	65,887	127,863	733,964
Net cash used in operating activities of discontinued operations	—	−1	−14	−610,981
Net cash used in investing activities of discontinued operations	—	−5	2	−8,186
Net cash provided by financing activities of discontinued operations	—	311,413	17	−320,090
Net change in cash- discontinued operations	—	−6	5	−939,257
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,147	−6	5	−205,293
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	−1,509	656,247	151,998	−6,197
Cash receipt (paid) for interest all operations	−7,020	63	—	—
Less Cash receipt for interest - discontinued operations	—	63	4	31
Cash receipt (paid) for interest continued operations	−7,020	—	—	—
Cash receipt (paid) during the period for interest	−7,020	63	—	—
Conversion of related-party debt to equity	488,110	—	—	—

Filings

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Frequently asked questions

What is Global Interactive Technologies, Inc.'s CIK number?

Global Interactive Technologies, Inc.'s SEC CIK number is 0001911545 (1911545). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Global Interactive Technologies, Inc.'s SEC filings?

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