Fri, Jun 28, 9:18 PM (115 days ago)
Global Arena Holding, Inc. (GAHC) filed its 10-K for the fiscal year ended December 31, 2023. The company reported revenues of $826.7K, an increase from $697.1K in 2022. Operating expenses decreased to $1.2M from $1.7M, resulting in a net loss of $1.2M, an improvement from the $1.7M loss in 2022. The company issued 867.5M shares for convertible notes and services and has a working capital deficit of $9.7M. Key risk factors include recurring losses and substantial doubt about its ability to continue as a going concern. Strategic initiatives include acquisitions, blockchain technology development, and expanding election services. The company settled several legal disputes and plans to close its Tidewater Energy Group subsidiary in Q3 2024.