10-Q Filing

GLOBAL WARMING SOLUTIONS, INC. CIK: 1430300 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001477932-21-003499`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	gwso-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 31 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.68K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$900.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.08K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$50.55K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.34M	shares	Point-in-time
Inventory	`OtherInventory`	$287.00	USD	Point-in-time
Inventory	`OtherInventory`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$951.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.34M	shares	Point-in-time
Furniture & Equipment	`FurnitureEquipment`	$6.01K	USD	Point-in-time
Furniture & Equipment	`FurnitureEquipment`	-	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$12.33K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.16K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.89K	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	-	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	$11.80K	USD	Point-in-time
Total assets	`Assets`	$76.34K	USD	Point-in-time
Total assets	`Assets`	$1.04M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.17K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.31K	USD	Point-in-time
Due to shareholder	`DueToOfficersOrStockholdersCurrent`	$1.33K	USD	Point-in-time
Due to shareholder	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Reserve for legal settlements	`ReserveForLegalSettlements`	$16.04K	USD	Point-in-time
Reserve for legal settlements	`ReserveForLegalSettlements`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.54K	USD	Point-in-time
Total Liabilities	`Liabilities`	$27.54K	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.31K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 25,123,139 and 24,335,390 shares issued, and outstanding, as of March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$25.12K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 25,123,139 and 24,335,390 shares issued, and outstanding, as of March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$24.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-446.53K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$48.80K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$76.34K	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$30.41K	USD	1 Quarter
Sales	`Revenues`	$101.39K	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$24.84K	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$69.17K	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.57K	USD	1 Quarter
Gross Profit	`GrossProfit`	$32.21K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$23.42K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$1.22K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.43K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$8.33K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$7.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.18K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-18.97K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-3.15K	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	$-163.64K	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-8.80K	USD	1 Quarter
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$16.84K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.95K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-165.77K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-165.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-886.34K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-11.95K	USD	1 Quarter
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.60M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.41M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-165.77K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-886.34K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-11.95K	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	$-163.64K	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Imputed Interest	`ImputedInterest`	-	USD	1 Quarter
Imputed Interest	`ImputedInterest`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.33K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.50K	USD	1 Quarter
Prepaid expenses	`OtherNoncashIncomeExpense`	$-50.55K	USD	1 Quarter
Prepaid expenses	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-287.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.14K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.05K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$8.80K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Reserve for settlements	`ReserveForSettlements`	$-16.04K	USD	1 Quarter
Net cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.54K	USD	1 Quarter
Net cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.40K	USD	1 Quarter
Acquisition of property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	-	USD	1 Quarter
Acquisition of property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-18.34K	USD	1 Quarter
Acquisition of intangible assets	`FinitelivedIntangibleAssetsAcquired1`	$-5.60K	USD	1 Quarter
Acquisition of intangible assets	`FinitelivedIntangibleAssetsAcquired1`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInOtherDeposits`	$-11.80K	USD	1 Quarter
Deposits	`IncreaseDecreaseInOtherDeposits`	-	USD	1 Quarter
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.74K	USD	1 Quarter
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Due to related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Due to related party	`RepaymentsOfRelatedPartyDebt`	$1.33K	USD	1 Quarter
Proceeds from issuance of stock, net	`ProceedsFromDebtNetOfIssuanceCosts`	$984.99K	USD	1 Quarter
Proceeds from issuance of stock, net	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$983.66K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$5.40K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$888.38K	USD	1 Quarter
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.68K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$900.83K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$17.08K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash as of March 31,	`CashAndCashEquivalentsAtCarryingValue`	$11.68K	USD	Point-in-time
Cash as of March 31,	`CashAndCashEquivalentsAtCarryingValue`	$900.83K	USD	Point-in-time
Cash as of March 31,	`CashAndCashEquivalentsAtCarryingValue`	$17.08K	USD	Point-in-time
Cash as of March 31,	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Convertible note for intangible assets	`ConvertibleNoteForIntangibleAssets`	-	USD	1 Quarter
Convertible note for intangible assets	`ConvertibleNoteForIntangibleAssets`	$100.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-446.53K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$1.03M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$48.80K	USD	Point-in-time
Imputed interest	`PaidInKindInterest`	$360.00	USD	Annual
Stock issued from convertible notes, amount	`StockIssuedFromConvertibleNotesAmount`	$561.20K	USD	Annual
Stock issued as compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$820.10K	USD	Annual
Stock cancelled, amount	`StockCancelledAmount`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-165.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-886.34K	USD	Annual
Net loss	`NetIncomeLoss`	$-11.95K	USD	1 Quarter
Stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.15M	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-446.53K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$1.03M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$48.80K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.