OTC: ATVK
Globaltek Ventures, Inc.CIK 0001530185 · SIC 3714 · Motor Vehicle Parts & Accessories
The Company was organized on December 27, 2010, under the laws of the State of Nevada, as ATVROCKN. On June 20, 2017, the Company changed its corporate name to Ameritek Ventures, Inc (“Ameritek Ventures” or “Ameritek” or the “Company”). About this business →
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Latest financial statements
From 10-Q filed May 13, 2026 (period ending Mar 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Three Months Ending March 31, 2026 | Three Months Ending March 31, 2025 |
|---|---|---|
| Revenue: | 5,419 | - |
| General and administrative expenses: | ||
| Development and support | - | 2,000 |
| General and administrative | 8,223 | 8,287 |
| Depreciation and amortization | 8,208 | - |
| Impairment Loss | - | - |
| Stock-based compensation | - | - |
| Total operating expenses | 16,431 | 10,287 |
| Operating income/(loss) | (11,012) | (10,287) |
| Other income (expense): | ||
| Interest expense –debt | (22,458) | (26,992) |
| Gain/(loss) on fair-value changes in investments | (2,976,458) | (9,022,095) |
| Other income | - | - |
| Net income (loss): | (3,009,928) | (9,059,374) |
| Net income (loss) per common share*: | ||
| Basic | (0.33) | (18.64) |
| Diluted | (0.33) | (18.64) |
| Weighted Average shares used in computing (Basic & Diluted) | 9,131,485 | 486,022 |
Consolidated Balance Sheets (Unaudited)
| Description | March 31, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | 26,883 | 2,543 |
| Accounts receivable, net | 2,400 | - |
| Total current assets | 29,283 | 2,543 |
| Long-term assets: | ||
| Property and equipment, net | 718,836 | 417,313 |
| Franchise and Development rights, net | 75,998 | 78,375 |
| Commitment fees (lines of credit) | - | - |
| Investment in securities | 7,495,008 | 10,471,466 |
| Patent | - | - |
| Product development, net | - | - |
| Goodwill | - | - |
| Total long-term assets | 8,289,842 | 10,967,154 |
| Total assets | 8,319,125 | 10,969,697 |
| LIABILITIES AND STOCKHOLDER’S EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 521,357 | 516,051 |
| Accrued interest and expenses | 722,724 | 700,642 |
| Short-term debt | 133,883 | 125,232 |
| Short-term advance from affiliates | 1,221,580 | 892,386 |
| Total current liabilities | 2,599,544 | 2,234,311 |
| Long-term liabilities: | ||
| Security Deposit | 2,401 | - |
| Long term debts | 926,788 | 935,065 |
| Total long-term liabilities | 929,189 | 935,065 |
| Total liabilities | 3,528,733 | 3,169,376 |
| Stockholders' equity (deficit): | ||
| Preferred stock Series A, $0.01 par value, 10,000,000 shares authorized, 7,488,730 issued and outstanding, respectively | 74,887 | 74,887 |
| Preferred stock Series B, $0.01 par value, 10,000,000 shares authorized, 10,000,000 issued and outstanding, respectively | 100,000 | 100,000 |
| Preferred stock Series C, $0.01 par value, 60,000,000 shares authorized, 59,988,972 issued and outstanding, respectively | 599,890 | 599,890 |
| Preferred stock Series D, $0.01 par value, 10,000,000 shares authorized, 9,083,630 issued and outstanding, respectively | 90,836 | 90,836 |
| Preferred stock Series E, $0.01 par value, 23,000,000 shares authorized, 23,000,000 issued and outstanding, respectively | 230,000 | 230,000 |
| Common stock, $0.001 par value, 11,000,000,000 shares authorized, 9,131,485 issued and outstanding, respectively* | 9,131 | 9,124 |
| Additional paid in capital* | 38,940,335 | 38,940,342 |
| Common control Adjustment Account | (37,000,000) | (37,000,000) |
| Accumulated surplus | 1,745,313 | 4,755,242 |
| Total stockholders' equity | 4,790,392 | 7,800,321 |
| Total liabilities and stockholders' equity | 8,319,125 | 10,969,697 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Three months ended March 31, 2026 | Three months ended December 31, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | (3,009,928) | (6,384,392) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization and depreciation | 8,208 | 18,054 |
| Amortization of LOC commitment fees | - | 27,720 |
| Impairment loss | - | 2,117,676 |
| (Gain)/loss on fair value changes in investments | 2,976,458 | 3,582,515 |
| Stock-based compensation | - | 477,722 |
| Other Income | - | (38,185) |
| Decrease (increase) in assets: | ||
| Accounts receivable | (2,400) | - |
| Prepaid expenses | - | - |
| Increase (decrease) in liabilities: | ||
| Accounts payable | 5,306 | 37,887 |
| Security Deposit | 2,401 | - |
| Accrued interest | 22,455 | 103,011 |
| Deferred revenues | - | - |
| Short-term advance from affiliate | 329,194 | 574,593 |
| Net cash flow (used in)/ provided by operating activities | 331,694 | 516,601 |
| Cash flows from investing activities: | ||
| Purchase of franchise and development rights | - | (82,500) |
| Purchase of real estate | (307,354) | (423,242) |
| Net cash flow (used in)/ provided by investing activities | (307,354) | (505,742) |
| Cash flows from financing activities: | ||
| Proceeds of short-term debt | - | - |
| Repayment of long-term debt | - | (8,316) |
| Net cash flow (used in)/provided by financing activities | - | (8,316) |
| Net increase (decrease) in cash | 24,340 | 2,543 |
| Cash beginning of the year | 2,543 | - |
| Cash end of the period | 26,883 | 2,543 |
| Supplemental cash flow information | ||
| Cash paid for interest | - | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About Globaltek Ventures, Inc.
Source: Item 1 (Business) from the 10-K filed April 15, 2026. Description as filed by the company with the SEC.
Item 1. Business.
The Company was organized
on December 27, 2010, under the laws of the State of Nevada, as ATVROCKN. On June 20, 2017, the Company changed its corporate name to
Ameritek Ventures, Inc (“Ameritek Ventures” or “Ameritek” or the “Company”).
Until October 2024 Ameritek was a software company
providing various products. On October 1, 2024, Ameritek sold Ecker Capital, LLC, the holding parent company of Interactive Systems, Inc.,
interlinkOne, Inc. and ESM Software, Inc., to ZenaTech, Inc. On August 14, 2025, Ameritek acquired Galaxy Batteries, Inc. from Epazz,
Inc. The Company’s current focus is on solid-state batteries (Galaxy Batteries, Inc.), adaptive manufacturing, robotic manufacturing,
aerospace services (AeroPass, Inc.), and luxury corporate housing (Chicago Real Estate Partners, LLC). DittoMask, Inc. will continue operations
until existing inventory is sold, after which the Company intends to divest the business. The Company also plans to sell CordTell, Inc.
and WebBeeO, Inc. to an affiliate.
Ameritek Ventures acquired
Galaxy Batteries, Inc. from Epazz, Inc. on August 14, 2025. The Company’s strategic focus is on solid-state batteries through Galaxy Batteries,
Inc., adaptive manufacturing, robotic manufacturing, and aerospace services through AeroPass, Inc. Ameritek also formed Chicago Real Estate
Partners, LLC to acquire undervalued luxury condominiums and rent them as furnished units to professionals and corporate executives. The
Company began purchasing condos in Chicago during the third quarter of 2025 and plans to expand into other major cities to offer corporate
housing. The Company continues to operate DittoMask, Inc., which manufactures the DittoMask high-filtration mask, until existing inventory
has been sold, at which point the Company intends to sell the business. The Company also plans to sell CordTell, Inc. and WebBeeO, Inc.
to an affiliate. The Company also plans to sell CordTell, Inc. and WebBeeO, Inc. to an affiliate.
Read full description ↓
Ameritek entered into a selling
agreement with ZenaTech, Inc., a related party, to sell 100% of Ecker Capital, LLC membership shares on October 14, 2024 with an effective
date of October 1, 2024. ZenaTech’s controlling stock interest is owned by Epazz, Inc. and Shaun Passley, PhD. ZenaTech, Inc. issued
members 5,000 ZenaTech Super Voting Shares 1,583,333 ZenaTech Common Shares and 750,000 ZenaTech Preferred shares (notes 5 and 10). The
fair value of the ZenaTech common stock was determined based on the market price quoted on Nasdaq. The closing price of ZenaTech common
stock was $7.69 per share at the reporting date.