Global Arena Holding, Inc. (GAHI) reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenues of $765,147 for the three months ended June 30, 2025, marking a 120% increase from $348,190 in the same period last year. For the six months ending June 30, 2025, revenues reached $1,164,410, up 101% from $580,313 in the prior year. Despite this revenue growth, GAHI reported a net loss of $301,516 for the second quarter, compared to a loss of $156,979 in the same quarter of 2024, reflecting a 92% increase in losses.
The company's operating expenses also rose significantly, totaling $865,219 for the second quarter of 2025, compared to $348,211 in the same quarter of 2024, an increase of 148%. Major contributors to this rise included salaries and benefits, which surged by 430% to $169,797, and printing costs, which increased by 314% to $440,423, largely due to expenses related to special elections. The total operating expenses for the first half of 2025 were $1,341,971, up 154% from $527,456 in the same period of 2024.
In terms of strategic developments, GAHI has been actively pursuing growth through acquisitions and partnerships. The company finalized a significant acquisition of Election Services Solutions, LLC, which accounts for over 80% of its business. Additionally, GAHI acquired a 30% stake in TrueVote Inc., a company developing a decentralized digital voting system. These acquisitions are part of GAHI's strategy to enhance its technology-enabled election services.
Operationally, GAHI has seen an increase in customer engagement, with a notable rise in the number of elections held during the reporting period. The company has also invested in enhancing its software and election hardware, with capital expenditures of $212,990 and $12,153, respectively, during the first half of 2025. However, the company continues to face challenges, including a working capital deficit of $11,485,219 and an accumulated deficit of $34,096,509 as of June 30, 2025.
Looking ahead, GAHI's management has expressed concerns regarding its ability to continue as a going concern, citing ongoing losses and cash flow deficits. The company is actively seeking additional capital through convertible promissory notes and other financing arrangements to improve its liquidity and operational flexibility. However, management acknowledges that there are no guarantees of success in these efforts, and the company's future performance will depend on its ability to execute its business plans effectively.
About Global Arena Holding, Inc.
Global Arena Holding, Inc. is a holding company specializing in election services, energy, and blockchain technology. Its core business includes providing secure, technology-enabled election solutions for organizations, unions, and government entities, with services spanning paper ballots, online voting, and blockchain-based systems. The company develops proprietary software for voter registration, ballot tabulation, and election security, serving domestic and international markets with a focus on accuracy, integrity, and scalability.
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