For the quarter ending 2025-09-30, GCAN has $21,355 in assets. $1,129,697 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Cash | 21,355 | 26,712 | 46,213 | |
| Total current assets | 21,355 | 26,712 | 46,213 | |
| Right of first refusal agreement cost (less accumulated amortization of 25,000 and 24,583) | - | 0 | 0 | |
| Total assets | 21,355 | 26,712 | 46,213 | |
| Accounts payable | 8,849 | 6,793 | 8,044 | |
| Accrued interest | 80,400 | 81,332 | 80,446 | |
| Accrued officers compensation | 460,350 | 430,350 | 410,350 | |
| Loans payable to related parties-Related Party | 260,000 | 260,000 | 260,000 | |
| Notes payable to third parties | 13,775 | 14,157 | 111,357 | |
| Note default penalties and interest | 306,323 | 306,323 | 138,906 | |
| Total current liabilities and total liabilities | 1,129,697 | 1,098,955 | 1,009,103 | |
| Preferred stock 19,000,000 shares authorized, .001 par valueseries a convertible preferred-issued and outstanding 9,111,998 and 9,111,998 shares, respectively | 9,112 | 9,112 | 9,112 | |
| Common stock 2,000,000,000 shares authorized, .001 par value, as of september 30, 2025 and december 31, 2024, there are 900,256 and 536,622 shares outstanding, respectively | 1,349,889 | 1,349,889 | 974,889 | |
| Additional paid-in capital | 2,862,371 | 2,862,371 | 2,955,871 | |
| Accumulated deficit | -5,329,714 | -5,293,615 | -4,902,762 | |
| Total stockholders (deficiency) | -1,108,342 | -1,072,243 | -962,890 | |
| Total liabilities and stockholders (deficiency) | 21,355 | 26,712 | 46,213 | |
Greater Cannabis Company, Inc. (GCAN)
Greater Cannabis Company, Inc. (GCAN)