Global Arena Holding, Inc. (OTC Pink: GAHC) operates as a diversified holding company. Shares of the holding company are surging 39.50%, through early trading on Thursday, June 1, 2017. Over the past month, Global Arena Holding, Inc. saw average daily volume of 7.76 million shares. However, volume of 7.48 million shares or dollar volume of $104,346, has already exchanged hands on Thursday.

Shares of Global Arena Holding, Inc. are rallying today, after the company filed its 10-K annual report for 2016. During full year 2016, the company reported total revenues of $1.22 million on a net loss of ($2.03 million). This compares to the company’s 2015 annual results, which came in at $961,610 in total revenue, and net loss of ($4.29 million). Here is the company’s income statement from the 10-K report:

Global Arena Holding, Inc. 10-K Filing:

GLOBAL ARENA HOLDING, INC. AND SUBSIDIARIES

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

Years Ended December 31,
2016 2015
Revenues:
Services $ 1,224,469 $ 961,610
Operating expenses:
Salaries and benefits 122,739 565,960
Occupancy 56,297 161,408
Business development 320,343 280,266
Professional fees 570,622 790,666
Stock-based compensation 216,152
Office and other 461,563 758,398
     Total operating expenses 1,531,564 2,772,850
Loss from operations (307,095) (1,811,240)
Other income (expense):
Interest expense and financing costs (1,806,944) (2,258,519)
Loss from sale of subsidiaries (38,099)
Change in fair value of derivative liability 86,458 (178,800)
     Total operating expenses (1,720,486) (2,475,418)
Loss before provision for taxes (2,027,581) (4,286,658)
Provision for income taxes
Net loss $ (2,027,581) $ (4,286,658)
Weighted average shares outstanding – basic and diluted 103,224,706 30,236,244
Earnings (loss) per share – basic and diluted $ (0.02) $ (0.14)
$ (0.02) $ (0.14)

Here is the full link to the company’s 10-K filing: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12099163

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