For the quarter ending 2025-06-30, GLLI has $3,797,033 in assets. $14,571,784 in debts.
| Balance Sheets | 2025-06-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Prepaid expenses | 48,046 | 50,229 | 96,892 | |
| Cash | 22,170 | 3,468 | 253,507 | |
| Cash held in trust account restricted for redeeming stockholders | 2,594,214 | - | - | |
| Total current assets | 2,664,430 | 53,697 | 350,399 | |
| Cash held in trust account | 1,132,603 | 3,561,690 | 3,349,591 | |
| Total assets | 3,797,033 | 3,615,387 | 3,699,990 | |
| Income tax payable | 522,168 | 479,279 | 479,279 | |
| Due to affiliate | 277,000 | 277,000 | 607,000 | |
| Promissory note-Related Party | 0 | 0 | - | |
| Promissory note-Third Party | 450,000 | 30,000 | - | |
| Promissory note related party | - | - | 4,445,458 | |
| Convertible note - related party, net of debt discount | 4,631,437 | 4,179,808 | - | |
| Accounts payable | 204,675 | 143,440 | 79,886 | |
| Redeemed stock payable to stockholders | 2,594,214 | - | - | |
| Franchise tax payable | 243,506 | 259,906 | 209,906 | |
| Excise tax liability | 1,600,984 | 1,477,147 | 1,313,485 | |
| Total current liabilities | 10,523,984 | 6,846,580 | 7,135,014 | |
| Warrant liabilities | - | - | 2,736 | |
| Warrant liabilities | 22,800 | 4,275 | - | |
| Deferred underwriting fee payable | 4,025,000 | 4,025,000 | 4,025,000 | |
| Total liabilities | 14,571,784 | 10,875,855 | 11,162,750 | |
| Accumulated deficit | -12,322,170 | -11,428,274 | -10,689,719 | |
| Common stock, 0.001 par value 500,000,000 shares authorized 3,445,000 shares issued and outstanding at june 30, 2025 and december 31, 2024 (excluding 72,601 and 277,511 shares subject to possible redemption, respectively) | 3,445 | 3,445 | 3,445 | |
| Additional paid-in capital | 613,937 | 778,748 | - | |
| Total stockholders deficit | -11,704,788 | -10,646,081 | -10,686,274 | |
| Common stock subject to possible redemption, 0.001 par value, 72,601 and 277,511 shares at redemption value of 12.81 and 11.62 per share, respectively, at june 30, 2025 and december 31, 2024 | 930,037 | 3,385,613 | 3,223,514 | |
| Liabilities, redeemable common stock and stockholders deficit | 3,797,033 | 3,615,387 | 3,699,990 | |
GLOBALINK INVESTMENT INC. (GLLI)
GLOBALINK INVESTMENT INC. (GLLI)