{"url_path":"/sec/cik-0001138724/10-k/2026/item-1","section_key":"item-1","section_title":"Item 1 BUSINESS","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1138724/0001493152-26-037140-index.html","accession_number":"0001493152-26-037140","cik":"0001138724","ticker":null,"issuer_name":"Global Arena Holding, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1138724/0001493152-26-037140-index.html","primary_entity_key":"0001138724","primary_entity_name":"Global Arena Holding, Inc."},"word_count":2976,"has_tables":true,"body_markdown":"ITEM\n1. BUSINESS\n\n \n\nGlobal\nArena Holding, Inc. (“GAHI”) was formed in February 2009, in the state of Delaware. GAHI and its subsidiaries (collectively,\nthe “Company”) is organized as a holding company. We became public on 2011, when we completed a reverse merger with China\nStationery and Office Supply, Inc., an OTC Bulletin Board company. We were previously a financial services firm and are currently focusing\non the businesses detailed below.\n\n \n\nGlobal\nElection Services\n\n \n\nGlobal\nElection Services, Inc. (“GES”) is a wholly\nowned subsidiary of the Company, formed on February 25, 2015, that provides comprehensive technology-enabled paper absentee/mail\nballot and internet election services to organizations such as craft and trade organizations, labor unions, political parties,\nco-operatives and housing organizations, associations and professional societies, universities, and political organizations. GES has\ndeveloped proprietary election software for a data storage and retrieval registration system to determine voter eligibility and\nprevent duplicate votes with In-Person digital signature capture, as well as proprietary election software for scanning/tabulation\nutilizing advanced OMR/OCR/Barcode imaging software featuring de-skewing, de-speckling, and image correction. The hardware includes\nhigh speed optical scanners that are hard lined to a computer with all Wi-Fi disabled so the entire tabulation process occurs\noffline, eliminating the opportunity for hacking. This system provides three types of audit capabilities.\n\n \n\nGES\nis also working with multiple vendors and has made investments in companies who are developing Blockchain Technology for a data storage\nand retrieval registration system; tabulation of paper Absentee/Mail Ballots; and internet voting.\n\n \n\n*GES\nAcquisition of Election Services Solutions, LLC*\n\n \n\nOn\nMarch 25, 2021, GES entered into a second amended purchase agreement (the “Second APA”) with Election Services Solutions,\nLLC (“ESS”). Under the Second APA, GES agreed to purchase 100% of the assets of Election Services Solutions for $650,000\n(of which $511,150 was already paid) and the issuance of 40,000,000 shares of common stock. This APA replaces the first amended purchase\nagreement, dated May 10, 2019. GES derives over 80% of its current business from ESS. On August 2, 2024, GES entered into a convertible\npromissory note agreement with the former Managing Director of ESS to finalize the purchase of GES. The note has a principal amount of\n$138,850 due in October 15, 2025 with an annual interest rate of 12%.\n\n \n\n*True\nVote, Inc.*\n\n \n\nOn\nFebruary 27, 2023, GES and True Vote, Inc. (“True Vote”) entered into Common Stock Purchase Agreement. Under the terms of\nthe agreement, GES invested $50,000 into a 24 month debenture and issued a 3-year warrant exercisable at $0.01 for 4,500,000 common shares\nof the Company. The Company received 3 million shares of common stock of True Vote, representing 30% of True Vote. The transaction closed\non February 27, 2023.\n\n \n\nGAHI\nAcquisition Corp.\n\n \n\nGAHI\nAcquisition Corp., a Delaware corporation (“GAHI Acquisition”), was formed on May 20, 2015, and is a wholly owned subsidiary.\nGAHI Acquisition was originally formed to merge with another business venture, the transaction of which was subsequently terminated.\nGAHI Acquisition discontinued all operations effective September 30, 2024.\n\n \n\n4\n\n \n\n \n\nFortis\nIndustria, LLC\n\n \n\nOn\nJanuary 26, 2023, we filed Articles of Organization with the State of Nevada to create a limited liability company called Fortis\nIndustria, LLC (“Fortis”). We own 90% of the member interests. John S. Matthews, an officer and director of GAHI, owns 5% of the member\ninterests. Fortis has been dormant since 2025.\n\n \n\nTidewater\nEnergy Group Inc.\n\n \n\nOn\nNovember 19, 2019, we formed Tidewater Energy Group Inc., a 51% subsidiary, to explore opportunities in the oil, gas, mineral, and energy\nbusiness. We closed Tidewater Energy Group Inc. on December 31, 2024.\n\n \n\nGrowth\nStrategy for the Company\n\n \n\nManagement\nbelieves there are four significant opportunities to increase market share;\n\n \n\n \n1)\nThe\ngrowth and expansion of GES current business and the expansion into paper absentee/mail for US Government and Foreign elections.\n\n \n2)\nThe\nadditional development of interactive communication, between elected individuals and their constituents;\n\n \n3)\nThe\ndevelopment of Blockchain voting applications.\n\n \n\n1)\nManagement believes there is an opportunity in conducting U.S. and foreign government elections. GES’ senior management teams’\nprimary business for over 40 years has been mail/absentee ballot elections. The market for GES conducting paper/mail ballot elections\nhave experienced significant growth starting in January of 2017, when President Barack Obama, and Donald Trump each designated U.S. Elections\nas “Critical Infrastructure”. The effect of these Executive Orders was to refocus the Department of Homeland Security, and\nthe Elections Assistance Commission (EAC) to reenergize compliance on U.S. Government elections, and assist by making available resources\nsuch as intelligence, funding, training and best practices in election software and hardware, for all 50 states.\n\n \n\nIn\nthe U.S. there are 3,007 counties, 64 parishes, 19 organized boroughs, 11 census areas, 41 independent cities, and the District of Columbia,\nall of whom are responsible for purchasing and updating election machines and software. Each municipal county individually purchases\nelection voting machines under the guidance of their own State’s Secretary of State, recommendations from the National Association\nof Secretaries of State (NASS), and local election regulations.\n\n \n\nThe\nU.S. government, through the Elections Assistance Commission (EAC), certifies election software and hardware for use in U.S. government\nelections.\n\n \n\nThe\nsize and scope of the opportunity in U.S. government elections is reflected in recent federal funding legislation for U.S. municipalities.\n\n \n\nOn\nMarch 27, 2020, President Donald J. Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law, which included\n$400 million in new Help America Vote Act (HAVA) emergency funds. These funds were made available to states to prevent, prepare for,\nand respond to the challenges of the COVID-19 pandemic during the 2020 federal election cycle. The U.S. Election Assistance Commission\n(EAC) distributed the supplemental funding to support election security and access in response to the pandemic.\n\n \n\nOn\nDecember 20, 2019, President Trump signed the Consolidated Appropriations Act of 2020 into law. The Act included $425 million in new\nHAVA funds made available. On March 23, 2018, President Trump signed the Consolidated Appropriations Act of 2018 into law, which included\n$380 million in Help America Vote Act (HAVA) grants for states to make election security improvements.\n\n \n\n5\n\n \n\n \n\nAmong\nthe authorized uses of the grant funds is the replacement of voting equipment, specifically equipment that does not produce a paper record\nor that is determined to be at the end of its useful life. Recent published examples are:\n\n \n\n \n●\nIn\n2019, Hawaii (SB 166) allocated $789,598 for the purpose of a vote counting system contract.\n\n \n●\nIn\n2019, Georgia issued a $150 million bond package for the replacement of voting equipment statewide. The state also appropriated $12,840,000\nfrom the General Fund for the purpose of financing projects and facilities for the Office of Secretary of State.\n\n \n●\nIn\n2019, Wyoming appropriated $7.5 million into an election readiness account (HB 21). The state’s $3 million HAVA allocation\nwill also be placed in this account, the majority of which will go toward replacing outdated voting equipment statewide.\n\n \n●\nIn\n2019, North Dakota enacted SB 2002, which included a one-time appropriation for voting equipment and electronic poll books statewide.\nThe total amount of $11.2 million included $8.2 million in state funds and $3 million in HAVA funds.\n\n \n\nThe\nopportunity for mail/absentee ballots surged in prominence during the 2020 election due to the COVID-19 pandemic. The controversy surrounding\nvoter fraud claims, particularly following President Trump’s assertions that the 2020 U.S. election was “rigged” and\n“fraudulent,” has led to almost 40% of the U.S. electorate to believe the 2020 election was compromised.\n\n \n\nVerified\nMarket Reports estimated that the global election management software market was valued at approximately $293.5 million in 2023, with\nprojections to reach $737.2 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.9% during the forecast period.\n\n \n\nThe\nEAC updated their Voluntary Voting System Guidelines (VVSG) to Version 2.0 in February 2021. This certification process can take approximately\nsix to nine months, with costs for companies applying for certification potentially exceeding $2,000,000. With the ongoing compliance\nrequirements across many states, we anticipate an annual software maintenance cost of approximately $250,000.\n\n \n\nWe\nhave previously engaged software and hardware developers and GES is currently preparing request for proposals to assist in the development\nof additional and hardware development to comply with the EAC 2.0 VVSG. This will require the hiring of additional technical software\nemployees, and additional outside vendors who in initial discussions will require fees of approximately 2 million dollars and stock-based\ncompensation.\n\n \n\nAs\na testament to our ability to administer municipal and government elections, during the first quarter of 2020, we successfully facilitated\nthe statewide Presidential Primary for North Dakota Democratic-NPL. We administered the statewide polling for all North Dakota residents\nwho wished to vote in the Democratic Presidential Primary by managing a call center, processed over 3,000 mail ballot requests, set up\nequipment, and trained staff on our proprietary registration software for in-person voting at 14 locations across the state, and processed\nover 14,000 ballots with our proprietary scanning and tabulation software system.\n\n \n\nOur\nIT staff customized our proprietary voter registration software to ensure voters cast only one ballot, whether by mail or in person and\nset up secure servers that processed voter sign-in and digital signature capture in real time from a database of over 600,000 potential\nvoters. We trained over 100 volunteers, many with limited or no technology experience on how to use the system. After a short tutorial,\nthose volunteers handled the increased registration volume with ease. After the polls closed and all the votes were cast, our tabulation\nsystems processed the ballots using our proprietary scanning and tabulation software system. The 2020 North Dakota Democratic-NPL Presidential\nPrimary caucus had the largest voter turnout in over a decade.\n\n \n\n6\n\n \n\n \n\nWe\nhave begun undertaking the following six step benchmarks to qualify for the updated U.S. certification and is also considering individual\nstate certifications.\n\n \n\n \nStep\n1 -\nVoting\nSystem Testing, Testing current developed systems to U.S. Federal 2.0 Standards\n\n \nStep\n2 -\nTechnical\nData Package Review; Reviews submitted documents against documentation requirements of outside agencies, published standards, or\nU.S. specifications\n\n \nStep\n3 -\nPhysical\nConfiguration Audit; Examines the documentation of the system against the actual submitted system\n\n \nStep\n4 -\nSystem\nIntegration Testing; Executes tests on all components of a system configured as if the system was deployed\n\n \nStep\n5 -\nFunctional\nConfiguration Audit; Examines submitted test data and conducts additional testing to verify submitted system hardware and software\ndescribed in the documents submitted to the Elections Assistance Commission and the Department of Homeland Security\n\n \nStep\n6 -\nSecurity\nTesting; Performs vulnerability assessments and penetration analysis to assess system vulnerabilities\n\n \n\nMost\nstates have a vote by mail process. Voters may request an absentee mail ballot from their County Board of Elections, or a Vote by Mail\nballot is sent. In either case, we believe our proprietary registration and tabulation software has an immediate need. According to Pew\nResearch Center, in the 2024 U.S. presidential election, nearly 70% of voters opted for nontraditional voting methods—either early\nin-person or mail-in ballots. By comparison, about 40% of voters cast their ballots by mail and/or prior to Election Day in 2016. Much\nof the surge in nontraditional voting was due to an increase in mail-in voting.\n\n \n\nIn\n2024, 30% of voters cast ballots by mail and another 35% voted in person prior to Election Day. In 2020, 43% of voters cast ballots by\nmail and another 26% voted in person before Election Day. In 2016, 21% mailed in their ballots and 19% voted in person prior to Election\nDay. (US Census Bureau)\n\n \n\nMost\nindividuals think only of the Presidential election every four years as relating to elections. In reality, municipal Board of Elections\nthroughout the U.S. are conducting elections annually for such elected positions, such as: Governor, Mayor, City Council, State Assembly,\nState Senate, Members of U.S. Congress (House every two years, Senate every six) Civil and Criminal Justices, Sheriffs, School Boards,\nVillage Trustees, etc. In short, most State and local municipal Board of Elections are in the market purchasing software and hardware\nevery year.\n\n \n\n2)\nManagement also sees an opportunity in developing and creating Blockchain Voting Technology, and formerly worked with Blockchain Valley\nVentures and TrueVote Inc., which management believes could positively impact Global in many aspects of its business, including;\n\n \n\n \n●\nSecurely\nstoring and creating accurate voter registration information on the blockchain.\n\n \n●\nCreating\nan international capability to administer or joint venture in conducting foreign government elections.\n\n \n●\nCreating\na secure Internet voting record on the blockchain for online elections.\n\n \n●\nAdminister\nfinancial services elections, such as Proxy’s and shareholder votes.\n\n \n●\nDocumenting\ncurrent voting applications.\n\n \n●\nReducing\ncost and time of delivery, enabling scalability.\n\n \n\nBlockchain\nValley Ventures\n\n \n\nOn\nJune 27, 2019, Blockchain Valley Ventures and GES signed an amended agreement calling for a $25,000 CHF payment for the development and\nfacilitation of an extended workshop with relevant and best in class third party blockchain technology companies, wherein BVV was to\nserve as an advisor in connection with a Voter Registration, Voter Authentication, and Voter Eligibility using a Blockchain Platform\nand GES would pay BVV $25,000 CHF payment upon completion of the engagement. This agreement replaced a June 19, 2019, engagement letter\nwith Blockchain Valley Ventures (“BVV”) of Zug Switzerland. Under the terms of the original agreement, GES was to pay BVV\n50,000 Swiss Francs (CHF).\n\n \n\n7\n\n \n\n \n\nGES\nmade payments of $25,000 CHF and received the working paper primarily covering the following matters:\n\n \n\n \n●\nDevelopment\nand facilitation of an extended workshop with relevant and best in class third party blockchain technology companies such as Phoenix\nSystems AG, Securosys AG and others as well as any subject matter expert to be invited by GES.\n\n \n●\nDevelopment\nof a high-level technology solution architecture and its requirements for the blockchain based voting registration platform with\ninputs from third party blockchain technology.\n\n \n●\nDocumentation\nof the results of a) and b) in order to provide the basis of the technical development of the platform.\n\n \n●\nDevelopment\nof an implementation recommendation with respect to Voting on the Blockchain Platform.\n\n \n●\nLegal\nfacilitation with respect to outside tax and legal advisors in connection with compliance with local and international regulation.\n\n \n●\nProject\nManagement during the engagement.\n\n \n\nThe\nWorking Paper discusses a high-level envisaged Blockchain platform, including a foundational flowchart, and implementation recommendation;\nBVV is a Crypto Valley, Switzerland based venture capital firm who consists of highly successful entrepreneurs, finance experts, blockchain\ntechnology experts and ICO experienced analysts and consultants. The documents created will be used by GES, to begin to create a Minimal\nViable Product. This Product, along with GES licensing rights on GES existing Registration and Tabulation Software will be owned by GES.\nThe Working Paper was completed in 2022.\n\n \n\nGES\nis developing with TrueVote, Inc. a comprehensive end-to-end, decentralized, completely digital voting system. GAHC, GES parent owns\n30% of True Vote. The TrueVote Voting System will be based on traditional, proven database methodologies and layered with a “checksum”\nthat is posted on the blockchain, proving all data is immutable and unalterable.\n\n \n\nOn\nJune 1, 2021, TrueVote issued its White Paper “A transparent Electronic Voting System validated by the Bitcoin Blockchain”\nTrueVote, Inc. is building a comprehensive end-to-end, de-centralized, completely digital voting system. This will be based on traditional,\nproven database methodologies, and layered with a “checksum” that’s posted on the Blockchain, proving all data is immutable\nand unalterable. This design will ensure that every vote is transparently counted and verifiable.\n\n \n\nTrue\nVote is directed by Brett Morrison recently the Director of Enterprise Information Systems at SpaceX. Brett was as an e-commerce pioneer,\ngetting brands online and creating a new channel for sales at the beginning of the e-commerce boom. Brett co-founded Onestop Internet\nin 2003 out of his garage and built the original e-commerce and warehouse management software that started the company. Throughout his\ntime as Chief Technology Officer and Chief Innovation Officer at Onestop, he oversaw and managed its growth and architected and helped\nbuild the new Onestop 2.0 platform. Prior to Onestop, Brett co-founded one of the first photo sharing companies on the Internet, ememories.com,\nwhich was sold to PhotoWorks, one of the largest photo processing companies in the U.S. True Vote is also directed by Ped Hasid who graduated\nUCLA with Magna Cum Laude Honors in 2007. Ped later went on to cofound Block26, a venture vehicle for the DLT space established in 2014,\nleading the technology and investment strategy for the firm. Block26 to date has financed and incubated innovative projects that aim\nto enhance consumer adoption of DLT technology.\n\n \n\n3)\nInteractive Communication Software\n\n \n\nGES\nis working to provide our current and future clients with the ability to understand in real time instant communication and feedback with\ntheir members, using many social media platforms available today.\n\n \n\nGES\nis working with third party vendors to:\n\n \n\n \n●\nCommunicate\na Message – An organization can get their message out clearly in the form required, without any unwanted media spin, bias,\nfiltering, or comment.\n\n \n●\nFine\nTune Policies – Test-drive policies and projects with immediate response, allowing for responsive adjustments to be made to\nmake a message more acceptable to the community.\n\n \n●\nBuild\na Positive Image – Enhancing the concept of ‘open communication’ and ‘democratic politics’, which leads\nto an increasingly positive perception of leaders by their constituents.\n\n \n●\nLearn\nMore About a Group – Learning more about a group’s preferences and opinions on an infinite number of topics can help\nthe Organization, Institution or League and leaders can better serve its community and meet their needs in a variety of ways.\n\n \n\nManagement\nbelieves this type of interactive software capabilities will give GES an opportunity to offer clients the ability to communicate in real\ntime with their members; raising issues of concern, polling the attitude of their constituencies, interacting in question-and-answer\nseminars in addition to conducting elections that GES certifies. In short, this software can be used in multiple formats for people to\ncommunicate instantly on issues of importance.\n\n \n\n8"}