GLOBAL MOBILETECH, INC.

CIK:0001424822|SEC Filings

NOTE 1 - EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
NOTE 1 - EARNINGS PER COMMON SHARE (Details) (USD $)	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
Earnings Per Share [Abstract]
Net Income	$ 559,046	$ 581,324	$ 1,354,469	$ 1,338,592
Earnings (Loss) Per Common Share:
Basic	$ 0.07	$ 0.10	$ 0.18	$ 0.27
Diluted	$ 0.07	$ 0.10	$ 0.17	$ 0.26
Weighted Average Number of Common Shares Outstanding:
Basic	7,532,411	5,584,464	7,489,163	4,871,277
Diluted	7,896,376	5,899,847	7,941,431	5,167,244

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2013	Mar. 31, 2012
Operating Activities:
Net income	$ 1,354,469	$ 1,338,592
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Income taxes	116,653	126,247
Depreciation and amortization	1,008,440	718,538
Common stock issued for services	72,000	(86,408)
Changes in assets and liabilities-
Deposit and other debtors	(949)	(23,040)
Accounts receivable - Trade	(3,132,277)	(207,741)
Accounts payable - Trade	1,063,450	(2,262,052)
Accrued liabilities	(567,303)	81,906
Net Cash Used by Operating Activities	(85,517)	(313,958)
Investing Activities:
Purchases of property, plant and equipment	(2,239)	0
Net Cash Used in Investing Activities	(2,239)	0
Financing Activities:
Proceeds from loan from related party	17,472	39,339
Proceeds from the issuance of common stock	0	53,435
Net Cash Provided by Financing Activities	17,472	92,774
Effect of Exchange Rate Changes	67,842	221,624
Net Increase (Decrease) in Cash	(2,442)	440
Cash - Beginning of Period	18,655	17,681
Cash - End of Period	16,213	18,121
Supplemental Disclosure of Cash Flow Information:
Interest paid	0	0
Income taxes paid	0	0
Non-Cash Transactions Affecting Operating, Investing and Financing Activities:
Issuance of stock for payment of debts	$ 140,850	$ 0

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2013	Jun. 30, 2012
Current Assets:
Cash and cash equivalents	$ 16,213	$ 18,655
Accounts receivable, net	4,554,218	1,369,514
Deposit	3,779	1,948
Other debtors	1,011	1,751
Total Current Assets	4,575,221	1,391,868
Property, Plant and Equipment:
Property, plant and equipment, at cost	4,387,046	4,223,140
(Less): Accumulated depreciation and amortization	1,536,299	843,725
Property, Plant and Equipment, net	2,850,747	3,379,415
Other Assets:
Patent (net of accumulated amortization of $674,749; $398,205)	2,809,248	2,957,338
Patent & Technology License Agreement (net of accumulated amortization of $122,500; $43,750)	927,500	1,006,250
Methodology & Technology Assignment (net of accumulated amortization of $26,492; $18,108)	24,784	31,277
Total Other Assets	3,761,532	3,994,865
Total Assets	11,187,500	8,766,148
Current Liabilities:
Accounts payable	1,692,352	607,372
Accrued liabilities	278,554	939,139
Federal and other taxes on income	120,038	3,311
Due to related party	66,641	59,774
Total Current Liabilities	2,157,585	1,609,596
Non-Current Liabilities:
Non-current deferred income taxes	1,295,984	1,248,201
Total Non-Current Liabilities	1,295,984	1,248,201
Total Liabilities	3,453,569	2,857,797
STOCKHOLDERS' EQUITY:
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding on March 31, 2013 and June 30, 2012, respectively	0	0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 8,661,991 and 7,216,991 shares issued and oustanding on March 31, 2013 and June 30, 2012, respectively	8,662	7,217
Additional paid-in capital	3,865,081	3,653,676
Accumulated other comprehensive income (loss)	104,571	(153,690)
Accumulated income	3,755,617	2,401,148
Total Stockholders' Equity	7,733,931	5,908,351
Total Liabilities and Stockholders' Equity	$ 11,187,500	$ 8,766,148