{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-26-006021","form_type":"8-K","ticker":"GLTK","cik":"0001938338","company_name":"GlobalTech Corp","filed_at":"2026-10-02T20:30:46+00:00","discovered_at":"2026-10-02T20:33:00.408913+00:00","generated_at":"2026-10-12T14:39:30.044223+00:00","sec_items":["2.02","4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GlobalTech to restate FY2025 and 2026 quarters; $8.40M deferred-tax allowance lifts 2025 loss to $11.55M","bullets":["Audit Committee on Sept 29, 2026 concluded FY2025 10-K (filed March 31, 2026) and Q1/Q2 2026 10-Qs (May 15, Aug 13, 2026) contain material errors and should not be relied upon.","Error: deferred tax asset realizability under ASC 740; additional valuation allowance of ~$8.40M as of Dec 31, 2025, lifting total valuation allowance to $11.77M; auditor is Zahid Jamil & Co.","FY2025 restated: total assets $100.50M (from $103.15M); liabilities $69.07M (from $63.31M); equity $31.43M (from $39.83M); loss after tax $11.55M (from $3.15M); EPS $(0.04) vs $(0.01).","Tax expense for FY2025 rises from $0.29M to $8.69M; comprehensive loss widens from $2.11M to $10.51M; deferred tax liability of $5.76M reclassified as non-current.","Error did not affect cash, cash flows, revenue or liquidity; company identified new material weaknesses in ICFR and said disclosure controls were not effective as of Dec 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-26-006021","json":"https://secwatch.observer/filing/0001477932-26-006021.json","markdown":"https://secwatch.observer/filing/0001477932-26-006021.md","text":"https://secwatch.observer/filing/0001477932-26-006021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1938338/000147793226006021/0001477932-26-006021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1938338/000147793226006021/gltk_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:39:30.044223+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}