UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December ~~June 30~~31, 2024

☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to ___________

Commission file number: 000-56235

GLOBAL INNOVATIVE PLATFORMS, INC.

(Exact name of registrant as specified in its charter)

delaware	85-3816149
(STATE OR OTHER JURISDICTION	(I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION)	IDENTIFICATION NUMBER)
149 JAMES PLACE
149 James Place
ORLANDO, florida	32751
Maitland, Florida	32751
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)	(ZIP CODE)

321.-230.-3739

(Registrant’s Telephone number)

(Former Address and phone of principal executive offices)

Securities registered pursuant to Section 12(b) of the Act: None

Title of each Class	Trading Symbol	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days.

Yes

☐

☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 for Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes

☒

☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes

☐

☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

As of ~~September~~January 729, ~~2024~~2025, there were 27 39,~~841~~111,~~223~~ 241 shares of ~~the registrant’s~~ common stock issued and outstanding.

Table of Contents

	PART I - FINANCIAL INFORMATION	Page
Item 1.	Financial Statements	2
	Condensed Balance Sheets (Unaudited) as of June 30, 2024 and September 30, 2023 (Audited)	2
	Condensed Balance Sheets (Unaudited) as of December 31, 2024 and September 30, 2024 (Audited)	2
	Condensed Statements of Operations (Unaudited) for the Nine Months and Three Months Ended June 30, 2024 and 2023	3
	Condensed Statements of Operations (Unaudited) for the Three Months Ended December 31, 2024 and 2023	3
	Condensed Statements of Stockholders’ Deficit (Unaudited) for the Nine Months Ended June 30, 2024 and 2023	4
	Condensed Statements of Stockholders’ Deficit (Unaudited) for the Three Months Ended December 31, 2024 and 2023	4
	Condensed Statements of Cash Flows (Unaudited) for the Nine Months Ended June 30, 2024 and 2023	5
	Condensed Statements of Cash Flows (Unaudited) for the Three Months Ended December 31, 2024 and 2023	5
	Notes to Condensed Financial Statements (Unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	1817
Item 4.	Controls and Procedures	1817
	PART II - OTHER INFORMATION	1917
Item 1.	Legal Proceedings	1917
Item 1A.	Risk Factors	1917
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1918
Item 3.	Defaults Upon Senior Securities	1918
Item 4.	Mine Safety Disclosures	1918
Item 5.	Other Information	1918
Item 6.	Exhibits	2119
SIGNATURES		2220

PART I

ITEM 1. FINANCIAL STATEMENTS

GLOBAL INNOVATIVE PLATFORMS, INC. CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS

	DECEMBER 31,			SEPTEMBER 30,
	2024			2024
	(Unaudited)			(Audited)
ASSETS

Current Assets
Cash and Cash Equivalents	$	148,459		$	15

Total Current Assets		148,459			15

Total Assets	$	148,459		$	15

LIABILITIES AND SHAREHOLDERS’ DEFICIT

Current Liabilities
Accounts Payable	$	14,407		$	753

Loan Payable – Related Party		—			32,400

Total Current Liabilities		14,407			33,153

Total Liabilities		14,407			33,153

Commitments and Contingencies (Note 8)		—			—

Shareholders’ Deficit
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, 0 issued or outstanding		—			—
Common Stock, $0.0001 par value, 1,990,000,000 shares authorized, 37,301,241 and 33,745,491 issued and outstanding		3,730			3,374
Stock Subscriptions		—			75
Additional Paid in Capital		788,001			500,625
Retained (Deficit) Earnings		(657,680	)		(537,212	)

Total Shareholders’ Deficit		134,051			(33,138	)

Total Liabilities and Shareholders’ Deficit	$	148,459		$	15

	JUNE 30,			SEPTEMBER 30,
	2024			2023
	(unaudited)			(Audited)
ASSETS
Current Assets
Cash and Cash Equivalents	$	10,146		$	415
Total Current Assets		10,146			415
Total Assets	$	10,146		$	415
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Accounts Payable	$	19,034		$	3,004
Loan Payable – Related Party		197,863			361,364
Total Current Liabilities		216,897			364,368
Total Liabilities		216,897			364,368
Commitments and Contingencies (Note 8)					—
Shareholders’ Deficit
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, 0 issued or outstanding		—			—
Common Stock, $0.0001 par value, 1,990,000,000 shares authorized,27,310,112 and 619,085 issued and outstanding		2,731			62
Stock Subscription		—			1,547
Additional Paid in Capital		251,238			35,454
Retained (Deficit) Earnings		(460,720	)		(401,016	)
Total Shareholders’ Deficit		(206,751	)		(363,953	)
Total Liabilities and Shareholders’ Deficit	$	10,146		$	415

The accompanying notes are an integral part of these condensed financial statements

GLOBAL INNOVATIVE PLATFORMS, INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

CONDENSED STATEMENTS OF OPERATIONS

	FOR THE THREE MONTHS ENDED DECEMBER 31, 2024			FOR THE THREE MONTHS ENDED DECEMBER 31, 2023

REVENUE	$	—		$	—

EXPENSES
General and administrative expenses		120,467			49,469

Total Expenses		120,467			49,469

OPERATING LOSS		(120,467	)		(49,469	)

OTHER INCOME (EXPENSE)		—			—

Total Other Income (Expense)		—			—

INCOME (LOSS) BEFORE TAXES		(120,467	)		(49,469	)

TAXES		—			—

NET INCOME (LOSS)	$	(120,467	)	$	(49,469	)

Net Income (Loss) per Common Share: Basic and Diluted	$	(0.003	)	$	(0.002	)

Weighted Average Common Shares Outstanding: Basic and Diluted		35,745,288			20,637,355

(UNAUDITED)

	FOR THE THREE MONTHS ENDED JUNE 30, 2024			FOR THE THREE MONTHS ENDED JUNE 30, 2023			FOR THE NINE MONTHS ENDED JUNE 30, 2024			FOR THE NINE MONTHS ENDED JUNE 30, 2023
REVENUE	$	—		$	—		$	—		$	—
EXPENSES
General and administrative expenses		6,360			2,650			59,715			158,686
Total Expenses		6,360			2,650			59,715			158,686
OPERATING LOSS		(6,360	)		(2,650	)		(59,715	)		(158,686	)
OTHER INCOME (EXPENSE)		—			—			—			—
Total Other Income (Expense)		—			—			—			—
INCOME (LOSS) BEFORE TAXES		(6,360	)		(2,650	)		(59,715	)		(158,686	)
TAXES		—			—			—			—
NET INCOME (LOSS)	$	(6,360	)	$	(2,650	)	$	(59,715	)	$	(158,686	)
Net Income (Loss) per Common Share: Basic and Diluted	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.25	)
Weighted Average Common Shares Outstanding: Basic and Diluted		27,310,112			619,085			25,069,624			619,085

The accompanying notes are an integral part of these condensed financial statements

GLOBAL INNOVATIVE PLATFORMS, INC. CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT (UNAUDITED)

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT


	Common Shares							Additional		Retained
	Shares		Amount		Stock Subscriptions			Paid-In Capital		(Deficit) Earnings			Total

Balance at October 1, 2023		619,085	$	62	$	1,547		$	35,454	$	(401,016	)	$	(363,953	)

Common Shares Issued to Founders for Stock Subscriptions		15,470,000		1,547		(1,547	)		—		—			—

Common Stock issued for Conversion of Debentures		2,160,000		216		—			215,784		—			216,000

Common Stock issued to founders for Cash		9,061,027		906		—			—		—			906
Net loss for the period		—		—		—			—		(49,469	)		(49,469	)

Balance at December 31, 2023		27,310,112	$	2,731	$	—		$	251,238	$	(450,484	)	$	(196,515	)

Balance at October 1, 2024		33,745,491	$	3,375	$	75		$	500,625	$	(537,213	)	$	(33,138	)

Common Shares Issued for Stock Subscriptions		750		—		(75	)		75		—			—

Common Stock issued for Cash		2,875,000		287		—			286,213		—			286,500

Common Stock issued for Services		680,000		68		—			1,088		—			1,156

Net loss for the period		—		—		—			—		(120,467	)		(120,467	)

Balance at December 31, 2024		37,301,241	$	3,730	$	—		$	788,001	$	(657,680	)	$	134,051

(UNAUDITED)

	Common Shares							Additional		Retained
					Stock			Paid-In		(Deficit)
	Shares		Amount		Subscriptions			Capital		Earnings			Total
Balance at October 1, 2022		619,085	$	62	$	—		$	35,454	$	(118,230	)	$	(82,714	)
Net profit (loss) for the period		—		—		—			—		(158,686	)		(158,686	)
Balance at June 30, 2023		619,085	$	62	$	—		$	35,454	$	(276,916	)	$	(241,400	)
Balance at October 1, 2023		619,085	$	62	$	1,547		$	35,454	$	(401,016	)	$	(363,953	)
Common Shares Issued for Stock Subscriptions		15,470,000		1,547		(1,547	)		—		—			—
Common Stock issued for Conversion of Debentures		2,160,000		216		—			215,784		—			216,000
Common Stock issued for Cash		9,061,027		906		—			—		—			906
Net loss for the period		—		—		—			—		(59,715	)		(59,715	)
Balance at June 30, 2024		27,310,112	$	2,731	$	—		$	251,238	$	(460,721	)	$	(206,751	)

The accompanying notes are an integral part of these condensed financial statements

GLOBAL INNOVATIVE PLATFORMS, INC. CONDENSED STATEMENTS OF CASH FLOW (UNAUDITED)

CONDENSED STATEMENTS OF CASH FLOW

	FOR THE THREE MONTHS ENDED DECEMBER 31, 2024			FOR THE THREE MONTHS ENDED DECEMBER 31, 2023

Cash Flow from Operating Activities:

Net Loss	$	(120,467	)	$	(49,469	)
Adjustments to reconcile net loss to net cash used in operating activities		—			—
Noncash expenses		1,156
Changes in working capital items:
Accounts payable and license payable		(18,746	)		8,833
Debenture Interest		—			16,000

Net Cash Used in Operating Activities		(138,057	)		(24,636	)

Net Cash Flow from Investing Activities		—			—

Net Cash Flow from Financing Activities
Advances from related party converted to common stock		—			25,000
Cash paid for common stock		286,501			906
Net Cash Provided by Financing Activities		286,501			25,906

Net Change in Cash:		148,444			1,270

Beginning Cash:	$	15		$	415

Ending Cash:	$	148,459		$	1,685

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	—		$	—
Cash paid for tax	$	—		$	—

(UNAUDITED)

	FOR THE NINE MONTHS ENDED JUNE 30, 2024			FOR THE NINE MONTHS ENDED JUNE 30, 2023
Cash Flow from Operating Activities:
Net Loss	$	(59,715	)	$	(158,686	)
Adjustments to reconcile net loss to net cash used in operating activities		—			—
Changes in working capital items:
Accounts payable		16,050			237
Debenture interest		16,000			—
Net Cash Used in Operating Activities		(27,665	)		(158,449	)
Net Cash Flow from Investing Activities		—			—
Net Cash Flow from Financing Activities
Advances from Related Parties		11,500			111,053
Issuance of common stock for cash		25,896			—
Net Cash Provided by Financing Activities		37,396			111,053
Net Change in Cash:		9,731			(47,396	)
Beginning Cash:	$	415		$	47,757
Ending Cash:	$	10,146		$	361
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	—		$	—
Cash paid for tax	$	—		$	—

The accompanying notes are an integral part of these condensed financial statements

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

NOTE 1. NATURE OF OPERATIONS

Nature of Business

Global Innovative Platforms Inc., a Delaware corporation, (“Global Innovative Platforms,” “Canning Street,” “the Company,” “We,” “Us” or “Our’) is a publicly quoted company in the business of measuring gas outflow in pets and agriculture for diagnosis treatment of illness. We are pursuing opportunities for growth and will seek capital in return for shares of our common stock to create value for our shareholders, although there is no guarantee that the Company will be able to successfully close such transactions.

History

Global Innovative Platforms Inc. f/k/a Canning Street Corporation or Canning Street was incorporated in Delaware on September 15, 2020.

Effective September 30, 2020, following a corporate reorganization as described below (the “Holding Company Reorganization” or “the reverse recapitalization”), Canning Street became the reorganized successor to Alexandria Advantage Warranty Company, a publicly quoted holding company that ceased trading in 2016.

Reorganization into a Holding Company Structure for ~~Global~~Canning ~~Innovative~~Street ~~Platforms~~Corporation, ~~Inc.,~~ reorganization successor to Alexandria Advantage Warranty Company.

Effective September 29, 2020, Alexandria Advantage Warranty Company (“Alexandria Advantage Colorado’), a Colorado corporation, redomiciled to Delaware by merging with its wholly owned subsidiary, Alexandria Advantage Warranty Company (“Alexandria Advantage Delaware”), a Delaware corporation.

Alexandria Advantage Colorado ceased to exist as an independent legal entity following its merger with Alexandria Advantage Delaware. Pursuant to the Delaware Holding Company formation statute, DGCL Section 251(g), Alexandria Advantage Delaware entered into an Agreement and Plan of Merger and Reorganization into a Holding Company with Global Innovative Platforms, Inc. (“Canning Street”) and AAWC Corporation (“AAWC”), both wholly-owned subsidiaries of Alexandria Advantage Delaware, effective September 30, 2021.

~~The~~Pursuant ~~Agreement and Plan of Merger and Reorganization~~to ~~into~~the aDelaware Holding Company ~~provided~~formation ~~for~~statute, ~~the~~DGCL ~~merger~~Section of251(g), Alexandria Advantage Delaware ~~with,~~entered ~~and~~ into ~~AAWC,~~an ~~with~~Agreement ~~AAWC~~and ~~being the surviving corporation~~Plan inof ~~the~~Merger ~~merger,~~and asReorganization into a ~~subsidiary~~Holding toCompany with Canning Street. ~~Alexandria~~Corporation ~~Advantage~~(“Canning ~~Delaware~~Street”) ~~ceased~~and toAAWC ~~exist as an independent legal entity following~~Corporation ~~its merger with~~ (“AAWC.”), ~~The~~both ~~shareholders~~wholly-owned subsidiaries of Alexandria Advantage Delaware ~~were converted~~, byeffective ~~the~~September ~~holding company reorganization~~30, ~~under the Agreement, to shareholders of Canning Street on a one for one basis pursuant to the Agreement and the Delaware Statute Sec~~2020. ~~251(g).~~

~~AAWC,~~The ~~the~~Agreement and ~~surviving~~Plan ~~company~~ of ~~the~~Merger ~~merger~~and ~~with~~Reorganization ~~Alexandria Advantage~~into ~~Delaware, became~~ a ~~wholly~~Holding ~~owned~~Company ~~subsidiary~~provided offor ~~Canning Street,~~ the ~~holding~~merger ~~company.~~of ~~Canning~~Alexandria ~~Street~~Advantage ~~became the parent holding company resulting under the Agreement, pursuant to~~ Delaware ~~General Corporation Law section 251(g)~~with, ~~with~~and ~~its~~into ~~wholly owned subsidiary company~~AAWC, with AAWC, being the surviving ~~company~~corporation ofin the merger, ~~with~~as ~~Alexandria~~a ~~Advantage~~subsidiary ~~Delaware~~to Canning Street.

Alexandria Advantage Delaware ceased to exist as an independent legal entity following its merger with AAWC.

The shareholders of Alexandria Advantage Delaware were converted, by the holding company reorganization, under the Agreement, to shareholders of Canning Street on a one for one basis pursuant to the Agreement and the Delaware Statute Sec. 251(g).

AAWC, the surviving company of the merger with Alexandria Advantage Delaware, became a wholly owned subsidiary of Canning Street, the holding company.

Canning Street became the parent holding company resulting under the Agreement, pursuant to Delaware General Corporation Law section 251(g), with its wholly owned subsidiary company, AAWC, the surviving company of the merger with Alexandria Advantage Delaware.

As a result of the Holding Company Reorganization, shareholders in publicly quoted Alexandria Advantage Delaware, formerly the shareholders of Alexandria Advantage Colorado as of the date of the reorganization, became shareholders in the publicly quoted Canning Street.

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

AAWC, being the direct successor by the merger with Alexandria Advantage Delaware, became a subsidiary company of Canning Street. The Holding Company Reorganization has been accounted for so as to reflect the fact that both AAWC and Canning Street were under common control at the date of the Holding Company Reorganization, similar to a reverse acquisition of AAWC by Canning Street

The Holding Company Reorganization has been accounted for so as to reflect the fact that both AAWC and Canning Street were under common control at the date of the Holding Company Reorganization, similar to a reverse acquisition of AAWC by Canning Street

NOTE 2. GOING CONCERN

Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. We have no ongoing business or income, incurred a loss of $59120,~~715~~ 467 in the ~~nine~~three months ended ~~June~~December 3031, 2024, and had a retained deficit of $~~460~~134,~~721~~ 051657,680 as of ~~June~~December 3031, 2024. These conditions raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties. Our ability to continue as a going concern is dependent upon our ability to raise additional debt or equity funding to meet our ongoing operating expenses and ultimately in merging with another entity with experienced management and profitable operations. No assurances can be given that we will be successful in achieving these objectives.

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally accepted in the United States of America and have been consistently applied. We have selected September 30 as our fiscal year end. We have not earned any revenue to date.

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The summary of significant accounting policies is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally accepted in the United States of America and have been consistently applied. We have selected September 30 as our financial year end. We have not earned any revenue to date.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

We maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents. As of ~~June~~December 3031, 2024 ~~and September 30~~, ~~2023,~~ our cash balance was $10148,~~146 and $415, respectively~~459.

Fair Value Measurements

ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), provides a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange.

Level 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs.

Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights.

Our financial instruments consist of our accounts payable, accrued expenses - related party and loan payable – related party. The carrying amount of our prepaid accounts payable, ~~accrued~~ accrued expenses- related parties and loan payable – related party approximates their fair values because of the short-term maturities of of these instruments.

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

Related Party Transactions

A related party is generally defined as (i) any person that holds 10% or more of our membership interests including such person’s immediate families, (ii) our management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. See Notes 4 and 5 below for details of related party transactions in the period presented.

Fixed Assets

We owned no fixed assets as of ~~June 30~~December 31, 2024~~, or September 30, 2023~~.

GLOBAL INNOVATIVE PLATFORMS INC.

Notes to the Condensed Financial Statements

(Unaudited)

Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) as assets, operating lease non-current liabilities, and operating lease current liabilities in our balance sheet. Finance leases are property and equipment, other current liabilities, and other non-current liabilities in the balance sheet. ROU assets represent the right to use an asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over lease term. As most of the leases do not provide an implicit rate, we generally use the incremental borrowing rate on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at the commencement date. The operating ROU asset also includes any lease payments made and excludes lease incentives. Lease expense for lease payment is recognized on a straight-line basis over the lease term.

WeROU ~~were~~assets ~~not~~represent the ~~party~~right to ~~any~~use an asset for the lease ~~transactions~~term ~~during~~ and lease liabilities represent the ~~nine~~obligation ~~months~~to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the ~~three~~commencement ~~months~~date ~~ended~~based ~~June~~on ~~30,~~the ~~2024~~present orvalue ~~June~~of 30lease payments over lease term. As most of the leases do not provide an implicit rate, ~~2023~~we generally use the incremental borrowing rate on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at the commencement date. The operating ROU asset also includes any lease payments made and excludes lease incentives. Lease expense for lease payment is recognized on a straight-line basis over the lease term.

We were not party to any lease transactions during the three months ended December 31, 2024 or December 31, 2023.

Income Taxes

The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. We record a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Uncertain Tax Positions

We evaluate tax positions in a two-step process. We first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. If a tax position meets the more-likely-than-not recognition threshold it is then measured to determine the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that ishas a greater than 50% ~~likely~~ likelihood of being realized upon ultimate settlement. We classify gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial statements.

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

Revenue Recognition

Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

Step 1: Identify the contract(s) with customers

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to performance obligations

Step 5: Recognize revenue when the entity satisfies a performance obligation

Service revenues are recognized as the services are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and title has been conveyed to the buyer. At this time, we have not identified specific planned revenue streams. ~~During the during the nine months and the three months ended June 30, 2024 and June 30, 2023, we did not recognize any revenue.~~

During the three months ended December 31, 2024, or December 31, 2023, we did not recognize any revenue.

GLOBAL INNOVATIVE PLATFORMS INC.

Notes to the Condensed Financial Statements

(Unaudited)

Advertising Costs

We expense advertising costs when advertisements occur. No advertising costs were incurred during the ~~nine months and the~~ three months ended ~~June~~December 3031, 2024, ~~and~~or December ~~June 30~~31, 2023.

Stock Based Compensation

The cost of equity instruments issued to non-employees in return for goods and services is measured by the grant date fair value of the equity instruments issued. The cost of employee services received in exchange for equity instruments is based on the grant date fair value of the equity instruments issued.

Net Loss per Share Calculation

Basic net loss per common share (“EPS”) is computed by dividing loss available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

No potentially dilutive debt or equity instruments were issued or outstanding during the three ~~and nine~~ months ended ~~June~~December 3031, 2024, ~~and~~or December 31, 2023.

Recently Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements will have a material impact on our financial statements.

NOTE 4. RELATED PARTY TRANSACTIONS

Founder Shares Issued to Related Parties

On October 23, 2023, the Company issued 24,532,138 shares of common stock, par value $0.0001 per share, including 18,271,990 which was issued to related parties for an aggregate consideration of $1,827. The Company also issued 600,000 shares of our common stock on September 27, 2024 for an aggregate consideration of $60,000.

On July 10, 2024, the Company issued 530,000 shares of our common stock, par value of $0.0001 per share, which included 490,000 shares to related parties in exchange for services of $49, including office space, secretarial and administrative services provided by members of the Company’s founding team.

As of September 28, 2024, the Company issued 2,197,000 shares of our common stock, par value of $0.0001 per share including 1,830,000 shares to related parties in exchange for services of $183 including office space, secretarial and administrative services provided by members of the Company’s management and founding team.

~~GLOBAL~~Three Shareholders ~~INNOVATIVE~~advanced ~~PLATFORMS~~us $50,000, ~~INC~~$50,000, and $1,115 for the year ended September 30, 2023 and an additional $25,000, for the year ending September 30, 2024. On September 27, 2024, the Company converted $337,360 of debt into 5,267,268 shares of our common stock that included these balances plus prior year amounts with an aggregate total of $311,363, which were converted to 5,107,268 shares of our common.

~~Notes~~In October toand December, 2024, the ~~Condensed~~Company ~~Financial~~issued ~~Statements~~3,555,750 shares for $286,500 in cash, $75 of stock subscriptions and $1,188 of services, of which 500,000 shares were issued to related parties for services valued at $850.

~~(Unaudited)~~Related Party Accruals

~~NOTE~~During the 4year ended September 30, 2023, and modified as of August 27, 2024, the Company entered into a contract (see note 7) with a party who has the right to obtain 638,532 shares. ~~LOAN~~The ~~PAYABLE~~contract -obligated ~~RELATED~~us ~~PARTY~~to an upfront payment of $50,000 which was expensed in the year ended September 30, 2023 and we paid $17,600 under this arrangement during the year ended September 30, 2024 and paid $42,400 during the quarter ended December 31, 2024.

AsWe ofalso ~~June~~paid ~~30,~~a ~~2024~~related ~~and~~party ~~September~~for ~~30, 2023, we owed~~ $~~100~~4,~~000, $50,000, and~~500 ~~$47,863 ($36,363~~in ~~at September~~rent ~~30,~~for ~~2023)~~the toquarter ~~principal~~ended ~~shareholders~~December ~~(plus an additional $175~~31,~~000 that~~ ~~was owed to a shareholder on September 30, 2023 but converted to common stock in October, 2023)~~2024.

The loans are unsecured, interest free and due on demand.

NOTE 5. INCOME TAXES

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code that affect fiscal 2018, including, but not limited to requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years. The Tax Act also establishes new tax laws that will affect 2018 and later years, including, but not limited to, a reduction of the U.S. federal corporate tax rate from 34% to 21%, a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries, net operating loss deduction limitations, a base erosion, anti-tax abuse tax and a deduction for foreign-derived intangible income and a new provision designed to tax global intangible low-taxed income.

We did not provide any current or deferred US federal income tax provision or benefit during the three months ended ~~June~~December 3031, ~~2022~~2024, or December 31, 2023 as we incurred tax losses during the period. When it is more likely than not that a tax asset cannot be realized through future income, we must record an allowance against any future potential future tax benefit. We have provided a full valuation allowance against the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward periods.

The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the three months ended June 30, 2022, as defined under ASC 740, “Accounting for Income Taxes.” We did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of the accumulated deficit on the balance sheet.

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes.

The sources and tax effects of the differences for the periods presented are as follows:

Schedule of effective income tax rate reconciliation
	Nine Months Ended June 30, 2024			Nine Months Ended June 30, 2023
Statutory U.S. Federal Income Tax Rate		21	%		21	%
State Income Taxes		5	%		5	%
Change in Valuation Allowance		(26	)%		(26	)%
Effective Income Tax Rate		—			—

A reconciliation of the income taxes computed at the statutory rate is as follows:

Schedule of deferred tax assets
	Nine Months Ended June 30, 2024			Nine Months Ended June 30, 2023
Tax credit (expense) at statutory rate (26%)	$	15,523		$	41,259
Increase in valuation allowance		(15,523	)		(41,259	)
Net deferred tax assets	$	—		$	—

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

AsThe ~~of June 30, 2024, the~~ Company has ~~had~~not taken a ~~federal~~tax ~~net operating~~position ~~loss~~that, ~~carryforward~~if ~~of approximately $460~~challenged,~~721.~~ ~~The~~would ~~federal~~have ~~net~~a ~~operating~~material ~~loss~~effect ~~carryforward~~on ~~does~~the ~~not~~financial ~~expire~~statements ~~but~~for ~~may~~the ~~only~~three bemonths ~~used~~ended ~~against~~December ~~taxable~~31, ~~income~~2024, toor ~~80%.~~December In31, ~~response~~2023 toas ~~the~~defined ~~novel~~under ~~coronavirus~~ASC ~~COVID-19~~740, ~~the~~“Accounting ~~Coronavirus~~for ~~Aid,~~Income ~~Relief,~~Taxes.” We ~~and~~did ~~Economic~~not ~~Security~~recognize any ~~Act~~adjustment ~~temporarily repealed~~to the ~~80%~~liability ~~limitation~~ for ~~NOLs~~uncertain ~~arising~~tax inposition ~~2018, 2019,~~ and ~~2020.~~therefore Nodid ~~tax~~not ~~benefit~~record ~~has~~any ~~been~~adjustment ~~reported~~to in the ~~financial~~beginning ~~statements.~~balance ~~The annual offset~~ of ~~this carryforward loss against any future taxable profits may be limited under~~ the ~~provisions of Internal Revenue Code~~ ~~Section~~accumulated ~~381~~deficit ~~upon~~on ~~any future change(s) in control of~~ the ~~Company~~balance sheet.

The ~~Company’s~~provision for income ~~tax~~taxes ~~returns~~differs ~~for~~from the ~~years ended~~amount ~~September~~computed ~~30,~~by ~~2022~~applying ~~and 2021 and for~~ the ~~period~~statutory ~~from~~federal ~~September~~income ~~15,~~tax ~~2020~~rate ~~(Inception)~~ to ~~September~~income ~~30,~~before ~~2020,~~provision ~~are currently~~for ~~open~~income ~~to audit by federal and state jurisdictions~~taxes.

The sources and tax effects of the differences for the periods presented are as follows:

	Three Months Ended December 31, 2024			Three Months Ended December 31, 2023

Statutory U.S. Federal Income Tax Rate		21	%		21	%
State Income Taxes		5	%		5	%
Change in Valuation Allowance		(26	)%		(26	)%
Effective Income Tax Rate		0	%		0	%

A reconciliation of the income taxes computed at the statutory rate is as follows:

Schedule of deferred tax assets	Three Months Ended December 31, 2024			Three Months Ended December 31, 2023
Tax credit (expense) at statutory rate (26%)	$	31,321		$	12,862
Increase in valuation allowance		(31,321	)		(12,862	)
Net deferred tax assets	$	—		$	—

As of December 31, 2024, the Company had a federal net operating loss carryforward of approximately $650,000. The federal net operating loss carryforward does not expire but may only be used against taxable income to 80%. In response to the novel coronavirus COVID-19, the Coronavirus Aid, Relief, and Economic Security Act temporarily repealed the 80% limitation for NOLs arising in 2018, 2019 and 2020. No tax benefit has been reported in the financial statements. The annual offset of this carryforward loss against any future taxable profits may be limited under the provisions of Internal Revenue Code Section 381 upon any future change(s) in control of the Company.

All of the Company’s income tax returns are currently open to audit by federal and state jurisdictions.

NOTE 6. COMMITMENTS & CONTINGENCIES

Legal Proceedings

We were not subject to any legal proceedings during the ~~nine~~three months ended ~~June~~December 3031, 2024 or December 31, 2023 and, to the best of our knowledge, no legal proceedings are pending or threatened.

Contractual Obligations

We are not party to any contractual obligations at this time other than our Patent and License Know-How Agreement with Defiant Technologies, Inc. ~~entered~~as ~~into~~ modified on August 18, ~~2023~~2024.

NOTE 7. SHAREHOLDERS’ DEFICIT

Preferred Stock

As of ~~June 30~~December 31, ~~2023~~2024, we were authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001.

No shares of preferred stock were issued and outstanding during the ~~nine~~three months ended ~~June~~December 31, 2024 or as of September 30, ~~2023~~2024.

No series of preferred stock or rights for preferred stock had been designated on June 30, 2023.

Common Stock

As of June 30, 2024, we were authorized to issue 1,990,000,000 shares of common stock with a par value of $0.0001.

As of September 30, 2023, 619,085 shares of common stock were issued and outstanding; as of June 30, 2024 there were 27,310,112 shares outstanding.

GLOBAL INNOVATIVE PLATFORMS, INC.

Notes to the Condensed Financial Statements

(Unaudited)

No series of preferred stock or rights for preferred stock had been designated at December 31, 2024.

Common Stock

As of December 31, 2024, we were authorized to issue 1,990,000,000 shares of common stock with a par value of $0.0001.

As of September 15, 2020, the effective date of the reverse recapitalization, 619,085 split adjusted shares of common stock were issued and outstanding in our predecessor company with a reverse split adjusted total (see below) par value of $62 and negative balance of additional paid in capital totaling $(15,550), and at March 1, 2021 had donated capital of $51,004.

Three Shareholders advanced us $50,000, $50,000, and $1,115 for the year ended September 30, 2023 and an additional $25,000, for the year ending September 30, 2024. On September 27, 2024, the Company converted $337,360 of debt into 5,267,268 shares of our common stock that included these balances plus prior year amounts with an aggregate total of $311,363, which were converted to 5,107,268 shares of our common stock.

In October and December, 2024, the Company issued 3,555,750 shares for $286,500 in cash, $75 of stock subscriptions and $1,188 of services, of which 500,000 shares were issued to related parties for services valued at $850.

As of December 31 and September 30, 2024, 37,301,241 and 33,745,491 shares of common stock were issued and outstanding, respectively.

Warrants

No warrants were issued or outstanding during the three months ended ~~June~~December 3031, 2024 or 2023.

Stock Options

We currently have no stock option plan.

No stock options were issued or outstanding during the three months ended ~~June~~December 3031, 2024 or 2023.

NOTE 8. SUBSEQUENT EVENTS

The Company evaluated subsequent ~~events~~ events after ~~June~~December 3031, 2024, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements and has determined there have been no subsequent events for which disclosure is required. The Company did issue and sell 1,810,000 shares of its common stock on January 29, 2025 to investors for $181,000 ($.10 per share) in an exempt offering under Regulation D.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our unaudited financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results, or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties, and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward- looking statements made by, or on our behalf. We disclaim any obligation to update forward-looking statements.

The independent registered public accounting firm’s report on the Company’s consolidated financial statements as of September 30, 2024 and 2023 includes a “going concern” explanatory paragraph, that describes substantial doubt about the Company’s ability to continue as a going concern.

PLAN OF OPERATIONS

The Company’s plan of operation is to obtain debt or equity finance to meet our ongoing operating expenses and opportunities for growth in return for shares of our common stock to create value for our shareholders.

The Company will need substantial additional capital to support its budget. The Company has had no revenues. The Company has no committed source for any funds as of date hereof. In the event funds cannot be raised when needed, the Company may not be able to carry out its business plan, may never achieve sales or royalty income, and could fail in business as a result of these uncertainties.

The Company ~~may~~intends ~~borrow~~to ~~money~~raise capital to finance its future ~~operations,~~ ~~although it does not currently contemplate doing so~~operations. Any such ~~borrowing~~transaction ~~will~~may increase the risk of loss to the investor ~~in the~~under ~~event~~several ~~the Company is unsuccessful in repaying such loans~~scenarios.

RESULTS OF OPERATIONS

~~For~~Results of Operations for the Three Months Ended ~~June~~December 3031, 2024 and 2023

Revenue

We ~~did~~recognized ~~not~~no ~~recognize~~ revenue during the three ~~month~~months ~~periods~~ ended ~~June~~December 3031, 2024 and 2023, as we had no revenue generating activities during ~~these~~ these periods.

General and Administrative Expenses

During the three months ended ~~June~~December 3031, 2024, we incurred general and administrative expenses of $6120,~~360~~467 comprising of business consulting of $67,500, ~~comprised~~research costs of ~~professional~~$34,250, ~~fees~~rent of $14,500, ~~and~~public ~~administrative~~entity costs of $43,~~860~~874 and professional fees of $10,000. ~~During~~ During the three months ended ~~June~~December 3031, 2023, we incurred general and administrative expenses of $249,~~650~~ 469 comprising of ~~professional~~business ~~fees~~consulting of $124,~~650~~000, settlement costs of $16,000, public entity costs of $5,692 and ~~administrative~~professional fees of $13,~~000~~150. AnThe ~~illness~~increases in byresearch ~~our~~and ~~then~~consulting ~~CEO~~arose ~~curtailed~~ from activity ~~during~~in testing our technology, while the ~~three~~decrease ~~months~~in ~~ended~~settlement ~~June~~costs ~~30,~~came ~~2023~~from ~~reduced~~settlements of ~~our~~debts ~~activities~~we ~~temporarily~~no ~~resulting~~longer incarry ~~the~~at ~~reduction.~~a significant level

Operating Loss

During the three months ended ~~June~~December 3031, 2024 ~~and 2023~~, we incurred an operating ~~losses~~loss of $6120,~~360~~467 due to ~~and~~the $2factors discussed above. During the three months ended December 31,~~650~~ 2023, ~~respectively~~we incurred an operating loss of $49,469, the difference reflecting our increased focus in completing research towards ~~due~~our toplanned product offering in the ~~factors~~next ~~discussed~~2 ~~above~~years.

Interest and Other Income (Expenses) Net

During the three month periods ended ~~June~~December 3031, 2024 and 2023, we ~~did~~recognized ~~not~~no ~~recognize any~~ interest and other income (expenses), net in the period.

Loss before Income Tax

During the three ~~month~~ ~~periods~~months ended ~~June~~December 3031, 2024 ~~and 2023~~, we incurred a loss before income taxes of $6120,~~360~~467 ~~and~~as compared to a loss before income tax of $249,~~650~~469 during the three months ended December 31, ~~respectively,~~ 2023 due to the factors discussed above.

Provision for Income Tax

No ~~provision~~ provision for income taxes was recorded during the three ~~month~~months ~~periods~~ ended ~~June~~December 3031, 2024 ~~and 2023~~ as we incurred a taxable ~~losses~~loss in the ~~periods~~period.

Net Loss

During the three ~~month~~ ~~periods~~months ended ~~June~~December 3031, 2024 ~~and 2023~~, we incurred a net ~~losses~~loss of $6120,~~360~~467 as ~~and~~compared to a net loss of $249,~~650,~~469 during the three months ended December ~~respectively~~31, 2023 due to the factors discussed above.

For the Nine Months Ended June 30, 2024

Revenue

We did not recognize any revenue during the nine months ended June 30, 2024, as we had no revenue generating activities during this period.

General and Administrative Expenses

During the nine months ended June 30, 2024, we incurred general and administrative expenses of $59,715 comprising professional fees of $9,500 and administrative costs of $28,215. We had $22,000 in due diligence fees during the nine months ended June 30, 2024.During the nine months ended June 30, 2023, we incurred general and administrative expenses of $158,686, comprised of professional fees of $10,284 and administrative fees of $17,213. We incurred due diligence fees of $131,189. We reemphasized commencing operations as opposed to due diligence work and we made advances on how to approach operations from earlier periods.

Operating Loss

During the nine month periods ended June 30, 2024 and 2023, we incurred an operating loss of $59,715 and $158,686, respectively, due to the factors discussed above.

Interest and Other Income (Expenses) Net

During the nine month periods ended June 30, 2024 and 2023, we did recognize any interest any other income (expenses), net.

Loss before Income Tax

During the nine months ended June 30, 2024, we incurred a loss before income taxes of 59,715 and $158,686, respectively, due to the factors discussed above.

Provision for Income Tax

No provision for income taxes was recorded during the nine month periods ended June 30, 2024 and 2023, as we incurred taxable losses in both periods.

Net Loss

During the nine month periods ended June 30, 2024 and 2023, we incurred net losses of 59,715 and $158,686, respectively, due to the factors discussed above.

LIQUIDITY

OnAt ~~June~~December 3031, 2024, we had total current assets of $10148,~~146~~459. On ~~June~~At 30December 31, 2024, we had total liabilities of $~~216~~14,~~897~~407, all of which were accounts payable.

Consequently, we are now dependent on raising additional equity and/or debt to meet our ongoing operating expenses. There is no assurance that we will be able to raise the necessary equity and/or debt that we will need to fund our ongoing operating expenses.

It is our current intention to seek to raise debt and/or equity financing to meet ongoing operating expenses and ~~develop~~attempt ~~our~~to ~~operations~~expand ~~and~~our ~~pursue~~ opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance that this series of events will be satisfactorily completed.

Future losses are likely to occur as, until we are able to ~~fund~~develop ~~our~~a ~~business~~profitable ~~plan~~operation and ~~pursue~~ opportunities for growth in return for shares of our common stock to create value for our shareholders, we have no sources of income to meet our operating expenses.

As a result of these, among other factors, we received from our registered independent public accountants in their report for the financial statements for the year ending ~~ended~~ September 30, 2024 , and ~~2023~~the quarter ended December 31, 2024, an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern.

Our primary sources and uses of cash for the ~~nine~~three months ended ~~June~~December 3031, 2024 and 2023 were as follows:

	Three Months Ended		Three Months Ended
	December 31, 2024		December 31, 2023

Net Cash Used in Operating Activities	$	138,057	$	$24,636
Net Cash Flows from Investing Activities		—		—
Net Cash Flows from Financing Activities		286,501		25,906

Net Movement in Cash and Cash Equivalents	$	148,444	$	1,270

	Nine Months Ended		Nine Months Ended
	June 30, 2024		June 30, 2023
Net Cash Used in Operating Activities	$	27,665	$	158,449
Net Cash Flows from Investing Activities		—		—
Net Cash Flows from Financing Activities		37,396		111,053
Net Movement in Cash and Cash Equivalents	$	9,731	$	(47,396	)

Operating Activities

During the ~~nine~~ three months ended ~~June~~December 3031, 2024, we incurred a net loss of $59120,~~715~~467 which after adjustments for an increase in accounts payable of $1618,~~050, $16,000~~746 ofand ~~debenture~~noncash ~~interest~~expense ~~resulted~~of $1,156, resulting in net cash of $27138,~~665~~057 being used in operations.

During the three months ended December 31, 2023, we incurred a net loss of $49,469 which after adjustments for an increase in accounts payable of $8,866 and noncash settlement expense of $16,000, resulting in net cash of $24,636 being used in operations.

Investing Activities

During the ~~nine~~three months ended ~~June~~December 3031, 2024 and 2023, we had no investing activities.

Financing Activities

During the ~~nine~~three months ended ~~June~~December 3031, 2024, we had ~~$37,396~~no in financing activities ~~advanced~~other than $286,501 collected from ~~related~~the ~~parties~~sale ~~$36~~of common stock. During the three months ended December 31,~~500~~ (2023, we had no financing activities other than $25,000 which was collected from the sale of a debenture and converted into common stock) and $~~896~~906 collected from the sale of common stock.

We are dependent upon the ~~receipt~~ receipt of capital investment or other financing to fund our ongoing operations and isto aexecute ~~publicly~~our ~~quoted~~business ~~company~~plan to merge with another entity with experienced management and opportunities for growth in ~~the~~return ~~business~~for shares of ~~measuring~~our common stock to create value for our shareholders`. ~~gas~~In ~~outflow~~addition, inwe ~~pets~~are dependent upon our controlling shareholder to provide continued funding and ~~agriculture~~capital ~~for~~resources. ~~diagnosis~~If continued funding and ~~treatment~~capital resources are unavailable at reasonable terms, we may not be able to implement our plan of ~~illness~~operations.

We are pursuing opportunities for growth and will seek capital in return for shares of our common stock to create value for our shareholders, although there is no guarantee that the Company will be able to successfully close such transactions.

CRITICAL ACCOUNTING POLICIES

All companies are required to include a discussion of critical accounting policies and estimates used in the preparation of their financial statements. On an on-going basis, we evaluate our critical accounting policies and estimates. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form our basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Our significant accounting policies are described in Note 3 of our Financial Statements on page 7. These policies were selected because they represent the more significant accounting policies and methods that are broadly applied in the preparation of our financial statement.

Inflation

In the opinion of management, inflation has not and will not have a material effect on our operations in the immediate future.

Management will continue to monitor inflation and evaluate the possible future effects of inflation on our business and operations.

Off-Balance Sheet Arrangements

Per SEC regulations, we are required to disclose our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, such as changes in financial condition, revenues, expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors. As of ~~June~~September 30, 2024 and as of December 31, 2024, we ~~have~~had no off-balance sheet arrangements.

Recently Issued Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements will have a material impact on our financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is (1) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our sole executive officer, who serves as the Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of ~~June~~December 3031, 2024 (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Our Chief Executive Officer and Chief Financial Officer has concluded, based upon the evaluation described above, that, as of ~~June~~December 3031, 2024, our disclosure controls and procedures were not effective due to the material weakness in internal control over financial reporting described below.

Material Weakness

In connection with the preparation of our financial statements for the ~~nine~~three months ended ~~June~~December 3031, 2024, we determined that we did not maintain effective controls over certain aspects of the financial reporting process because: (i) we lack a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements, (ii) there is inadequate ~~segregation~~ segregation of duties due to the limitation on the number of our accounting personnel, and (iii) we have insufficient controls and processes in place to adequately verify the accuracy and completeness of spreadsheets that we use for a variety of purposes for our financial reporting.

We intend to take appropriate and reasonable steps to make the necessary improvements to remediate these deficiencies. However, due to our size and our financial resources, remediating the several identified weaknesses has not been possible and may not be economically feasible now or in the future.

Changes in Internal Control Over Financial Reporting

There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended ~~June~~December 3031, 2024, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

Not Applicable to Smaller Reporting Companies.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Effective ~~October~~January 23, ~~2023~~2025, the Company entered into Subscription Agreements with various accredited investors pursuant to which the accredited investors purchased an aggregate of 241,~~531~~810,~~027~~000 shares of the Company’s common stock at a price per share of $0.~~0001~~10 for an aggregate purchase price of $2181,~~453~~000. The closing occurred on ~~October~~January 23, ~~2023~~2025. That same day we also issued 2,160,000 shares of common stock in conversion of a $216,000 debenture we owed to Jeffrey D. Conley, a related party. On July 12, 2024, the Company issued 530,000 shares of common stock for services at par value of $.0001 per share, including 200,000 shares of common stock to our Chief Executive Officer Andrew Brown and issued 1,111 shares of common stock at par in cash as correction of an administrative error.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

On August 7, 2023, Matthew Veal appointed Andrew Brown to the Board of Directors. Mr. Veal then resigned from the board, Mr. Brown then assumed the role of Chairman and CEO.

Patent and Know-How License Agreement

On August 18, 2023 and as modified in August, 2024, the Company entered into a Patent and Know-How License Agreement (the “License Agreement”) with Defiant Technologies Inc. (“Defiant”). Pursuant to the License Agreement, among other things, Defiant granted the Company a nontransferable, non-sublicensable, exclusive right and license to certain patents and know-how relating to animal testing and all commercial applications related to the animal market on a global basis (“Patent Rights”, “Know-How”, and “Materials”, respectively) to manufacture, use, offer for sale, sell or import (“Licensed Products”) in the animal market worldwide. The license is exclusive (subject to certain exceptions and conditions) with respect to the Patent Rights and Materials and non-exclusive with respect to the Know-How.

As consideration for the license under the License Agreement, the Company has agreed ~~toto~~to make an initial payment of $50,000, which is due 30 days from the effective date of the License ~~Agreement~~ Agreement (or, at Defiant’s discretion, $225,000 in a lump sum within 45 days from the effective date). Further, in consideration of the rights and licenses granted under the License Agreement, the Company is required to pay Defiant a royalty of 3% of net sales of all Licensed Products in the field of use throughout the world during the term of the License Agreement.

ITEM 5B. OTHER INFORMATION

During the quarter ended ~~June~~December 3031, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

2018

ITEM 6. EXHIBITS

Exhibits. The following is a complete list of exhibits filed as part of this Form 10-Q. Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.

Exhibit No.		Title of Document
3.1		Certification of Incorporation - Delaware – Canning Street Corporation – .9.15.202020 (1)
3.2		Bylaws (1)
3.3		Certificate of Amendment of Certificate of Incorporation - 10.23.202020 (1)
3.4		Certificate of Amendment to the Certificate of Incorporation dated May 10, 2021 (3)
3.5		Certificate of Correction dated May 11, 2021 (3)
4.1		Description of Securities (4)
10.1		Agreement and Plan of Merger and Reorganization into Holding Company Structure (1)
10.2		Stock Purchase Agreement dated March 31, 2021 (2)
31.1 *		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act.
10.3		Patent and Know-How License Agreement between Global Innovative Platforms Inc. and Defiant Technologies Inc. dated August 18, 2023 (5)
31.1 *		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s report on Form 10-K for the year ended September 30, 2023.
32.1 *		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		XBRL Instance Document (3)
101.SCH		XBRL Taxonomy Extension Schema (3)
101.CAL		XBRL Taxonomy Extension Calculation Linkbase (3)
101.DEF		XBRL Taxonomy Extension Definition Linkbase (3)
101.LAB		XBRL Taxonomy Extension Label Linkbase (3)
101.PRE		XBRL Taxonomy Extension Presentation Linkbase (3)

* Filed herewith.

(1) Incorporated by reference from the exhibits included in the Company’s Registration Statement on Form 10 dated December 28, 2020.

(2) Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on April 2, 2021.

(3) Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on May 13, 2021.

(4) Incorporated by reference to the Form 10-K filed with the Securities and Exchange Commission on ~~March~~January 2126, ~~2022~~2023.

21(5) Incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on August 23, 2023.

SIGNATURES

Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GLOBAL INNOVATIVE PLATFORMS, INS.

(Registrant)

Dated: September 12, 2024	By:	/s/ Andrew Brown
Dated: February 7, 2025	By:	/s/ Andrew Brown
		Andrew Brown
		(Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, and Principal Accounting Officer)

2220

Filing Compare · Global Innovative Platforms Inc.