Globaltek Ventures, Inc., formerly Ameritek Ventures, Inc., has declared that its financial statements for fiscal years ending December 31, 2019, through December 31, 2025, and subsequent interim periods, should no longer be relied upon. The company's Audit Committee concluded this on September 29, 2026, citing extensive accounting errors.

A material error involved improper accounting for the realizability of deferred tax assets, necessitating an additional valuation allowance of approximately $8.40 million as of December 31, 2025. This error significantly increased the company's 2025 losses. Specifically, the tax expense for 2025 is expected to rise from $0.29 million to $8.69 million, leading to an increase in loss after taxation from $3.15 million to $11.55 million. This represents a more than threefold increase in the reported net loss for 2025.

In response to these developments, Bansal & Co LLP, the company's auditor, resigned effective September 10, 2026. The firm subsequently recalled its audit reports and withdrew consent for their use. Prior reports from Bansal & Co LLP for the 2023, 2024, and 2025 financial statements had not contained an adverse opinion or disclaimer.

These events occurred after a Nevada District Court order issued on August 11, 2026, invalidated previous appointments and related-party transactions, which reportedly left the company without a valid board or officers. A new custodian, Jacob Sherman, was appointed on October 12, 2026.