text stringlengths 198 2.89k |
|---|
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
6730 Las Vegas Boulevard South, Las
Vegas, NV 89119
(Address of principal executive offices)
(702) 317-7302
(Registrant’s telephone number, including area code)
Securities registered pursuant to
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. [ ] Yes
[X] No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
such
files). [X] Yes [ ] No
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a
smaller reporting company, or an emergi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
not to use the extended
transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate by check mark whe... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
001
par value, outstanding on March 22, 2023 was 5,658,123 shares.
ii
GLOBAL ACQUISITIONS
CORPORATION
FORM 10-K
INDEX
Page
Number
PART I
ITEM 1.
BUSINESS
ITEM 1A.
RISK FACTORS
ITEM 1B.
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
11
ITEM 8.
FINANCIAL STATEMENTS... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
14
ITEM 11.
EXECUTIVE COMPENSATION
15
iii
ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER M... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
F-1
Balance Sheets
F-2
Statements of Operations
F-3
Statements of Stockholders’ Deficit
F-4
Statements of Cash Flows
F-5
Notes to Financial Statements
F-6
SIGNATURES
iv
PART I
ITEM 1... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to be a “Shell Company” as that term is defined in Rule
12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”).
At this time, our purpose is to
seek, investigate and, if such... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
“Saint Andrews Golf Corporation” on
August 12, 1994, and to “All-American SportPark, Inc.” on December 14, 1998. Effective February 15, 2021 the name of the
Company was changed to “Global Acquisit... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Las
Vegas, Nevada, on which the Company developed a Golf Center and All-American
SportPark, (“SportPark”) properties. The discontinued SportPark that opened for
business in October 1998 was disposed... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and a
Director and John Boreta, his brother. John Boreta is a principal shareholder
of the Company and became Director of the Company in 2012. The debt owed by the
Company to Saint Andrews was from ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
John Boreta
(the “Boretas”), and also issued to the Boretas 1,000,000 shares of the
Company’s common stock, in exchange for the cancellation of promissory notes
held by the Boretas and the interest ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,702 owed to them by the Company. GLOBAL ACQUISITIONS Corp
cancelled $27,615 owed to the Company by entities controlled by the Boretas.
As a
result of the closing of the Transfer Agreement, the Comp... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
merger.
Our search for a business opportunity will not be limited to any particular
geographical area or industry and may include both U.S. and international
companies. Our management has complete ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
be able to identify and merge with or acquire
any business opportunity which will ultimately prove to be beneficial to the
Company and our shareholders. Should a merger or acquisition prove
unsucces... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
mergers and
acquisitions of business opportunities. Our due diligence related to business
opportunities is expected to encompass, meetings with the target business’s
management and inspection of its... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
We may also
rely upon the issuance of our common stock in lieu of cash payments for
services or expenses related to any analysis. Management decisions, therefore,
will likely be made without indepen... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
management and stockholders
most likely will not have control of a majority of our voting shares following
a merger or reorganization transaction. As part of such a transaction, our
existing directo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
entity. If a transaction were
structured to take advantage of these provisions rather than other "tax
free" provisions provided under the Code, all prior stockholders would in
that circumstance reta... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
consent to any particular stock buy-out transaction. We have not adopted any
procedures or policies for the review, approval or ratification of any related
party transactions.
COMPETITION
We face s... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Act of 1934 and is required to file
annual reports on Form 10-K and quarterly reports on Form 10-Q with the SEC on
a regular basis, and will be required to timely disclose certain material
events (e... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
will require us to
provide our stockholders with the information outlined in Schedules 14A or 14C
of Regulation 14A; preliminary copies of this information must be submitted to
the SEC at least 10 d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1A.
RISK FACTORS
Not required.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2.
PROPERTIES
GLOBAL ACQUISITIONS Corp has no properties. GLOBAL ACQUISITIONS Corp’s corporate offices are located... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION. GLOBAL ACQUISITIONS Corp’s common stock is currently traded in the
over-the-counter market and is quoted on the OTC Markets Group Inc. Pink... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1.90
0.77
Third Quarter
1.70
0.51
Fourth Quarter
0.91
0.35
HOLDERS
The number of holders of record of the Company’s $0.001 par value common
stock as of March 10, 2023 was approximately 650... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Directors
to retain all earnings to provide for the growth of the Company. Payment of
cash dividends in the future will depend, among other things, upon the
Company’s future earnings, requirements f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ING POLICIES AND ESTIMATES
Our financial statements are prepared in accordance with accounting principles
generally accepted in the United States (“GAAP”). In connection with the
preparation of the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
differ from
the estimates and assumptions, and such differences could be material.
Our significant accounting policies are discussed in Note 2, Summary of
Significant Accounting Policies in the Not... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the provision for income taxes. GLOBAL ACQUISITIONS Corp bases the
estimates on historical experience and on various other assumptions that are
believed to be reasonable. Actual results could differ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
market
participants. As such, fair value is a market-based measurement that should be
determined based on assumptions that market participants would use in pricing
an asset or liability. The recorde... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
its own assumptions.
At December 31, 2022, and 2021, the
carrying amount of prepaid, accounts payable and accrued liability and due to
related parties approximate fair value because of the short ma... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
believes there was no new accounting
guidance adopted but not yet effective that either has not already been
disclosed in prior reporting periods or is relevant to the readers of the
Company’s finan... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
At this time, our purpose is to seek, investigate and, if such investigation
warrants, acquire an interest in business oppor... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
lack of diversification should be considered a substantial risk
to our shareholders because it will not permit us to offset potential losses
from one venture against gains from another.
We may seek... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-assets exchange. GLOBAL ACQUISITIONS Corp may determine to structure any
business combination to be within the definition of a tax-free reorganization
under Section 351 or Section 368 of the Intern... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a business
combination. The issuance of additional securities and their potential sale
into any trading market in the Company's securities may depress the market
value of the Company's securities in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
103 for professional fees
paid in connection with the Company’s name change in 2021.
NET LOSS
In 2022, the net loss from operations was $57,428 as compared to net loss of
$98,362 in 2021. The decre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
do not have an ongoing source of revenue
sufficient to cover our operating costs.
We intend to obtain funding from related parties to cover our expenses;
however, there is no assurance that such fu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
LOOKING STATEMENTS
This document contains “forward-looking statements.” All statements other
than statements of historical fact are “forward-looking statements” for
purposes of federal and state se... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
present our estimates and assumptions
only as of the date of this report. Accordingly, readers are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the
dat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and results
of operations, as well as any forward-looking statements, are subject to change.
The factors affecting these risks and uncertainties include, but are not
limited to:
the inability of ma... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
cerns relating to COVID-19 restrict travel limit the ability to have
meetings with the personnel and representatives of potential target companies
and may adversely affect our ability to negotiate an... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Not required.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The financial statements are set forth on pages F-1 through F-11 hereto.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Rules 13a-15 and 15d-15 under the Exchange Act).
Based upon that evaluation, the Company’s Chief Executive Officer and Principal
Financial Officer concluded that our disclosure controls and procedur... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
financial reporting, as such term is defined in the
Securities Exchange Act of 1934 Rule 13a-15(f).
Our Chief Executive Officer and Chief Financial Officer conducted an
evaluation of the effectiven... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
operations, we are unable to remediate this
deficiency until we acquire or merge with another company.
The annual report does not include an attestation report of our registered
public accounting f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
None.
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
12
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
The Directors and... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rigan, who previously served as a Director of the Company, resigned
as a Director in February 2023. Ms. Corrigan’s resignation was due to personal
reasons and not because of a disagreement with the C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
The following sets forth biographical information as to the business
experience of each officer and director of the Company for at least the past
five years.
RONALD S. BORETA has served as President... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by AAGC as its President. Prior to his employment by the Company, Mr.
Boreta was an assistant golf professional at San Jose Municipal Golf Course in
San Jose, California, and had worked for two yea... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.").
STEVEN MILLER is the Chief Executive Officer of Agassi
Enterprises and Agassi Graf Holdings since January 2009. He is responsible for the leadership and
operation of two for-profit entities. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Board of
Directors. He previously served as a
senior analyst and adjunct professor at the University of Oregon’s Warsaw
Sports Marketing Center; President of Devine Sports in Chicago; and Presi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the golf center that was owned by the Company
until October 2016 (now named the “Las Vegas Golf Center”) since its inception
in 1997. He is involved in all aspects of the day to day operation of ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a tenant at the golf center, with his brother, Ronald S. Boreta.
14
SECTION 16(A) BENEFICIAL REPORTING COMPLIANCE
Based solely on a review of Forms 3 and 4 and amendments thereto furnished
to the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Ethics on March 26, 2008. The Code
of Ethics was filed as Exhibit 14 to the Company's Report on Form 10-KSB for
the year ended December 31, 2007.
ITEM 11. EXECUTIVE COMPENSATION
The following tabl... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
TOTAL($)
Ronald S. Boreta, President
2022
-
-
2021
-
-
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
There were no outstanding equity awards held by executive officers at
December 31, 2021 an... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
employment agreement
with Ronald S. Boreta, the Company's President, and Chief Executive Officer,
pursuant to which he received a base salary that was increased to $120,000 in beginning
the year end... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
not engage in a trade or business similar to that of the Company.
16
ITEM 12. SECUIRTY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANGEMENT AND
RELATED STOCKHOLDER MATTERS
The following table set... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
OWNERSHIP
PERCENT OF CLASS
Ronald S. Boreta 6730 Las Vegas Blvd. SouthLas Vegas, NV 89119
960,484 (1)
16.98%
ASI Group, LLC Investment AKA, LLC c/o
Agassi Enterprises, Inc.3883 Howard Hughes ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. South Las Vegas, NV 89119
360,784 (3)
6.38%
Steve Miller 3883 Howard Hughes Pkwy., 8th Fl. Las Vegas, NV
89169
34,000 (5)
0.60%
All Directors and Executive Officers as a Group (3 persons)
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
represents
John Boreta's share of the Common Stock held by Boreta Enterprises Ltd.; and
110,000 shares held by his daughter.
17
(3) Direct ownership of shares held by Boreta Enterprises Ltd., a li... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
directly.
(6) Includes shares beneficially held by the three named Directors and
Executive Officers.
EQUITY COMPENSATION PLAN INFORMATION
As of December 31, 2022, the Company had no compensation ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
December 31, 2022 and 2021, respectively.
The amounts are non-interest bearing and due out of available cash flows of the
Company.
Director Independence
GLOBAL ACQUISITIONS Corp has determined tha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Applicable.
TAX FEES
The aggregate fees billed for tax services rendered by RBSM LLP for tax
compliance and tax advice for the fiscal years ended December 31, 2022 and 2021,
were $5,000 during eac... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
non-audit
services. GLOBAL ACQUISITIONS Corp’s Board has not established policies or procedures other
than those required by applicable laws and regulations.
19
PART IV
ITEM 15. EXHIBITS, FINANCI... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.1 to the Registrant’s Form SB-2 Registration Statement (No. 33-84024)
3.2
Certificate of Amendment to Articles of Incorporation
Incorporated by reference to Exhibit 3.2 to the Registrant’s Fo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to the Registrant’s Annual report on Form 10-KSB for the year ended December 31, 1998
3.5
Certificate of Designation Series B Convertible Preferred
Incorporated by reference to Exhibit 3.5 to t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Amendment to Articles of Incorporation
Incorporated by reference to Exhibit 3.7 to the Registrant’s Current Report on Form 8-K dated February 15, 2022
3.8
Certificate of Withdrawal for Series A... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
oreta
Incorporated by reference to Exhibit 10.1 to the Registrant’s Form SB-2 Registration Statement (No. 33-84024)
10.2
Employment Agreement between John Boreta and All-American Golf Center, ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Exhibit 10.4 to the Registrant's Report on Form 8-K filed on June 19, 2009
10.4
Agreement with AKA Investments, LLC dated September 23, 2009
Incorporated by reference to Exhibit 10.1 to the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Sarbanes-Oxley Act of 2002
Filed herewith electronically
32
Certification of Chief Executive Officer and Principal Financial Officer Pursuant to Section 18 U.S.C. Section 1350
Filed here... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
flows for each of the years in the
two-year period ended December 31, 2022, and the related notes (collectively
referred to as the financial statements). In our opinion, the financial
statements pre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to the accompanying financial statements,
the Company has suffered recurring losses from operations, generated negative
cash flows from operating activities, and has an accumulated deficit that
rais... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
) and are required to
be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and
Exchange Commission... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.
Our
audits included performing procedures to assess the risks of material
m... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or required to be
communicated to the audit committee and that: (1) relate to accounts or
disclosures that are material to the financial statements, and (2) involved our
especially challenging, subj... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Assets
38
64
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable and accrued expenses
9,034
$ 11,190
Due to related parties
531,378
471,820
Total current liab... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31, 2022 and 2021, respectively
5,658
5,658
Additional paid-in capital
28,728,912
28,728,912
Accumulated deficit
(29,274,944)
(29,217,516)
Total stockholder’s deficit
(540,374)
(482,946)... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
362
Total operating expenses
57,428
98,362
Loss from operations
(57,428)
(98,362)
Total expense
(57,428)
(98,362)
Net loss before provision for income tax
(57,428)
(98,362)
Provision for... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
STATEMENTS OF STOCKHOLDERS’
DEFICIT
Shares
Common StockAmount
AdditionalPaid inCapital
AccumulatedDeficit
Total
Balance, December 31, 2020
5,658,123
$ 5,658
$ 28,728,912
$(29,119,154)
$(3... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
$ 28,728,912
$ (29,217,516)
$(482,946)
Net loss
(57,428)
(57,428)
Balance, December 31, 2022
5,658,123
$ 5,658
$ 28,728,912
$(29,274,944)
$(540,374)
The
accompanying notes are an integr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
in operating activities
Changes in operating assets and liabilities:
Prepaid expenses and other current assets
26
Accounts payable and accrued expenses
(2,156)
(11,476)
Net cash used in ope... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
accompanying notes are an integral part of these
financial statements.
F-5
GLOBAL ACQUISITIONS
CORPORATION
NOTES TO
FINANCIAL STATEMENTS
ORGANIZATIONAL STRUCTURE AND BASIS OF PRESENTATION
NOTE ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
December 14,
1998. Effective February 15, 2021 the name of the Company was changed to “Global
Acquisitions Corporation.”
On October 18, 2016, All-American Sportpark, LLC (“AASP” or the “Company”)
c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Act of 1934, as amended (the “Exchange
Act”).
On June 10, 2016, the Company entered into a Transfer
Agreement for the sale and transfer of the Company’s 51% interest in All
American Golf Center, In... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ory notes held by the Boretas and
accrued interest of $8,864,255.
In connection with the closing of the Transfer Agreement,
AAGC assumed the obligation of the Company to pay Ronald Boreta for deferr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
18, 2016, the Company derecognized the assets and liabilities of AAGC.
The sale and transfer of the
Company’s 51% interest in AAGC to the controlling shareholders of the Company
is a common control... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
principles generally accepted in the United States of
America. (“GAAP”).
c. BUSINESS ACTIVITIES
At this time, the Company’s purpose is to seek, investigate and, if such
investigation warrants, acq... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
potential target business with which we
consummate a business combination could be materially and adversely affected.
Furthermore, we may be unable to complete a business combination if continued
co... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a business combination may be materially adversely
affected.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES
USE OF ESTIMATES
a. USE OF ESTIMATES
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
estimates on historical
experience and on various other assumptions that are believed to be
reasonable. Actual results could differ
from those estimates.
INCOME TAXES
b. INCOME
TAXES
GLOBAL ACQU... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the enactment date. GLOBAL ACQUISITIONS Corp records net deferred
tax assets to the extent the Company believes these assets will more likely
than not be realized. In making such determination, the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
accounting guidance which provides that a tax
benefit from an uncertain tax position may be recognized when it is more likely
than not that the position will be sustained upon examination, including... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
inception. The standard defines fair value, establishes a
framework for measuring fair value and expands disclosure of fair value
measurements. The standard applies under other accounting pronouncem... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, the standard established a three-tier fair value hierarchy,
which prioritizes the inputs used in measuring fair value as follows:
Level 1: Observable inputs
such as quoted prices in active markets... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
EARNINGS (LOSS) PER SHARE
Basic earnings per share excludes any dilutive effects of options, warrants,
and convertible securities. Basic earnings per share is computed using the weighted
average nu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
5,658,123 in 2021, respectively.
RELATED PARTIES
e.
RELATED PARTIES
Parties
are considered to be related to the Company if the parties, directly or
indirectly, through one or more intermediaries, ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ICIES
f. RECENT ACCOUNTING POLICIES
GLOBAL ACQUISITIONS Corp believes there was no new accounting
guidance adopted but not yet effective that either has not already been
disclosed in prior reportin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
CONCERN
The accompanying financial statements have been prepared on a going concern
basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of b... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.