Tue, Apr 15, 12:05 PM (11 days ago)
**GeoSolar Technologies, Inc. (GSLR) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $94,424 (2024) vs. $0 (2023) - **Net Income:** Net loss of $1,537,893 (2024) vs. $2,784,372 (2023) - **Operating Expenses:** $1,291,526 (2024) vs. $2,637,069 (2023) - **Earnings Per Share:** Basic and diluted loss per share of $0.02 (2024) vs. $0.04 (2023) **Strategic Overview:** - **SmartGreen™ Home System:** A patent-pending whole-home turnkey sustainable energy product integrating solar, geothermal, and other clean energy technologies. - **Market Position:** Targeting the growing decarbonization movement and the shift to all-electric homes, representing a multibillion-dollar market opportunity. - **Future Outlook:** Plans to expand marketing and sales efforts in Colorado, Arizona, and Nevada. **Risk Factors:** - **Operational Risks:** Dependence on subcontractors, supply chain issues, and competition. - **Financial Risks:** Need for additional capital, dependence on tax credits, and potential dilution of shareholder equity. - **Market Risks:** Competition from larger, more established companies, and the need to manage growth effectively. **Financial Condition:** - **Cash:** $9,943 (2024) vs. $5,268 (2023) - **Working Capital Deficit:** $4,908,696 (2024) - **Liabilities:** Significant liabilities including senior convertible notes and advances from related parties. **Market Position Changes:** - **Stock Trading:** Began trading on the "Current Pink" platform under the symbol "GSLR" on November 20, 2023. - **Shareholders:** Approximately 200 shareholders of record and 65,662,040 outstanding shares of common stock as of April 10, 2025. **Management and Governance:** - **Executive Team:** A. Stone Douglass (CEO), Dar-Lon Chang (President), Daniel E. Chartock (Chief Growth Officer). - **Compensation:** Base salaries and stock options granted to executives. - **Governance:** No standing audit, nominating, or compensation committees; directors carry out these functions. **Future Outlook:** - **Growth Plans:** Expansion into new markets, continued development of the SmartGreen™ Home System, and potential entry into the commercial market. - **Funding:** Need for additional capital to support growth and operations, with plans to raise funds through equity financing and related party advances. **Conclusion:** GeoSolar Technologies, Inc. is in the development stage, focusing on innovative clean energy solutions. The company faces significant financial and operational challenges but has a strategic vision to capitalize on the growing demand for sustainable energy solutions. The future outlook depends on successful execution of the business plan, securing additional funding, and effective management of growth and risks.