Global Asset Management Group Reports Zero Revenue and Increased Net Losses for First Half of 2025

Global Asset Management Group, Inc. reported its financial results for the six months ending June 30, 2025, revealing a significant decline in revenue and an increase in net losses compared to the same period in the previous year. The company generated no revenue during the first half of 2025, a decrease from $5,000 reported in the first half of 2024. Operating expenses also decreased to $10,134 from $194,112, primarily due to reduced legal and professional service costs. The net loss for the period was $55,134, compared to a net loss of $209,848 in the prior year.

The company's balance sheet as of June 30, 2025, shows total assets of $0, a significant drop from $45,834 at the end of 2024. Current liabilities increased to $76,274 from $66,974, driven by a rise in notes payable, which increased from $55,115 to $64,415. Stockholders' equity reflected a deficit of $76,274, worsening from a deficit of $21,140 at the end of 2024. The company’s accumulated deficit also increased to $39,838,020 from $39,783,011.

In terms of strategic developments, the company canceled its Series A convertible preferred stock, which had 12,500 shares issued and outstanding. This cancellation is part of a broader restructuring effort aimed at improving the company's financial position. The total number of common shares outstanding remained unchanged at 83,654,525, indicating no new equity financing during the period. The company did not report any new product launches or acquisitions in this filing.

Operationally, the company did not disclose any customer counts, user statistics, or engagement metrics, which may indicate a lack of active business operations during the reporting period. The absence of revenue and the increase in liabilities suggest challenges in maintaining market share and operational viability. The company’s employee headcount was not specified in the filing, leaving uncertainty regarding its workforce size and operational capacity.

Looking ahead, Global Asset Management Group, Inc. has not provided specific forward-looking statements or guidance regarding future performance. The significant losses and lack of revenue generation raise concerns about the company's ability to sustain operations without a strategic turnaround or new revenue streams. The management's focus appears to be on addressing the current financial challenges, but further details on future plans or initiatives were not included in the filing.