Global Asset Management Group, Inc. reported its financial results for the first quarter of 2026, revealing a revenue of $93,201, a significant increase from zero revenue in the same period of the previous year. The company incurred operating expenses totaling $470,072, leading to a loss from operations of $376,871, compared to a loss of $834 in the first quarter of 2025. The net loss for the quarter was $376,871, translating to a basic and diluted loss per share of $(0.00077), a slight improvement from $(0.00092) in the prior year.
The company's balance sheet as of March 31, 2026, showed total assets of $10,105,617, a decrease from $10,202,775 at the end of 2025. Current assets fell to $100,148 from $109,198, primarily due to a reduction in cash and bank balances. Total liabilities increased to $10,464,360, up from $10,185,658, driven by a rise in current liabilities, which surged to $474,735 from $196,033. The accumulated deficit also widened to $(40,313,635) from $(39,936,764) at the end of the previous fiscal year.
Strategically, Global Asset Management Group has made significant acquisitions to bolster its market position. In July 2025, the company acquired Bella Rio Marketing Agency, Inc., enhancing its digital marketing capabilities. This acquisition is expected to support the company's growth in brand development and performance marketing. Additionally, the acquisition of DC Rental Portfolio Corp. in September 2025 positions the company to expand its portfolio of income-producing multi-family residential properties in Washington, D.C. The company is also in negotiations to acquire two more properties in the fourth quarter of 2025.
Operationally, the company has seen changes in its structure and focus. The total number of common shares outstanding increased to 340,152,858 as of March 31, 2026, from 339,072,858 at the end of 2025. The company has transitioned from a regional residential real estate focus to a broader national and global vision, aiming to address housing challenges and support U.S. servicemembers. The company has also applied for uplisting to the OTCQB Venture Market, which could enhance its visibility and access to capital.
Looking ahead, Global Asset Management Group anticipates continued growth driven by its recent acquisitions and strategic initiatives. The company aims to leverage its expanded digital marketing capabilities and real estate portfolio to enhance shareholder value and improve operational performance. The management remains optimistic about the potential for increased revenue and market share as it integrates its new acquisitions and expands its geographic footprint.
About Global Asset Management Group, Inc.
Kenilworth Systems Corporation is a publicly traded company engaged in business restructuring and acquisitions. Its core activities include medical travel consulting through Regenecell and real estate development via its subsidiary DC Rental. The company focuses on expanding into healthcare and real estate markets, offering referral services and affordable housing. It operates with a lean management team, pursuing strategic growth, acquisitions, and asset diversification to maximize shareholder value.
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