10-Q Filing

GLOBAL WARMING SOLUTIONS, INC. CIK: 1430300 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001477932-21-006656`
Period End Date	20210630
Filing Date	20210927
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	gwso_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 61 Cash Flow Statement 58 Stockholders Equity 17

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$822.42K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.25M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.34M	shares	Point-in-time
Inventory	`OtherInventory`	-	USD	Point-in-time
Inventory	`OtherInventory`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$860.15K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureEquipmentNet`	$33.45K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureEquipmentNet`	-	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	-	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$23.47K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.09K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.89K	USD	Point-in-time
Investment in Green Holistic	`InvestmentInGreenHolistic`	$71.79K	USD	Point-in-time
Investment in Green Holistic	`InvestmentInGreenHolistic`	-	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	-	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	$11.80K	USD	Point-in-time
Total assets	`Assets`	$1.01M	USD	Point-in-time
Total assets	`Assets`	$76.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.89K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.17K	USD	Point-in-time
Due to shareholder	`DueToOfficersOrStockholdersCurrent`	$1.33K	USD	Point-in-time
Due to shareholder	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.26K	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`	$24.16K	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`	$24.16K	USD	Point-in-time
Common stock, $0.001 par value, voting; 200,000,000 shares authorized; 20,251,390 and 24,335,390 shares issued, and outstanding, as of June 30, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$20.25K	USD	Point-in-time
Common stock, $0.001 par value, voting; 200,000,000 shares authorized; 20,251,390 and 24,335,390 shares issued, and outstanding, as of June 30, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$24.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.55M	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`	$984.61K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$48.80K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$76.34K	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$38.26K	USD	1 Quarter
Sales	`Revenues`	$101.72K	USD	2 Qtrs
Sales	`Revenues`	$68.67K	USD	2 Qtrs
Sales	`Revenues`	$336.00	USD	1 Quarter
Cost of Sales	`CostOfSales`	$28.08K	USD	1 Quarter
Cost of Sales	`CostOfSales`	$3.66K	USD	1 Quarter
Cost of Sales	`CostOfSales`	$52.92K	USD	2 Qtrs
Cost of Sales	`CostOfSales`	$72.84K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-3.33K	USD	1 Quarter
Gross Profit	`GrossProfit`	$10.19K	USD	1 Quarter
Gross Profit	`GrossProfit`	$15.75K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$28.89K	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrative`	$164.91K	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrative`	$141.50K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrative`	$-567.00	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrative`	$653.00	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.74K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$28.17K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.83K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.83K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$9.17K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$16.67K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$11.82K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.15K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$153.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$204.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.43K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-176.02K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-6.25K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-9.40K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-157.05K	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	$-163.64K	USD	2 Qtrs
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$16.84K	USD	2 Qtrs
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-22.11K	USD	2 Qtrs
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-13.31K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-157.05K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-31.51K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-322.82K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.56K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-322.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-157.05K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.56K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-886.34K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-31.51K	USD	2 Qtrs
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.34M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.85M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.41M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.41M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-322.82K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-157.05K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-19.56K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-886.34K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-31.51K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Imputed Interest	`ImputedInterest`	-	USD	2 Qtrs
Imputed Interest	`ImputedInterest`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.17K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.82K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.49K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$37.73K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.60K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.05K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.13K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$134.00	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$18.26K	USD	2 Qtrs
Reserve for settlements	`ReserveForSettlements`	$16.04K	USD	2 Qtrs
Net cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.12K	USD	2 Qtrs
Net cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.47K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$60.27K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	-	USD	2 Qtrs
Acquisition of intangible assets	`FinitelivedIntangibleAssetsAcquired1`	-	USD	2 Qtrs
Acquisition of intangible assets	`FinitelivedIntangibleAssetsAcquired1`	$24.47K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInOtherDeposits`	$-11.80K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInOtherDeposits`	-	USD	2 Qtrs
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.55K	USD	2 Qtrs
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Convertible note	`ConvertibleNote`	-	USD	2 Qtrs
Convertible note	`ConvertibleNote`	$-29.00K	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromDebtNetOfIssuanceCosts`	$1.31M	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromDebtNetOfIssuanceCosts`	$29.00K	USD	2 Qtrs
Funds used to repurchase stock	`FundsUsedToRepurchaseStock`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$809.97K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$2.47K	USD	2 Qtrs
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.68K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$822.42K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$14.15K	USD	Point-in-time
Cash at ending of year	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash at ending of year	`CashAndCashEquivalentsAtCarryingValue`	$11.68K	USD	Point-in-time
Cash at ending of year	`CashAndCashEquivalentsAtCarryingValue`	$822.42K	USD	Point-in-time
Cash at ending of year	`CashAndCashEquivalentsAtCarryingValue`	$14.15K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Convertible note for intangible assets	`ConvertibleNoteForIntangibleAssets`	-	USD	2 Qtrs
Convertible note for intangible assets	`ConvertibleNoteForIntangibleAssets`	$100.00K	USD	2 Qtrs
Debt converted into common shares	`DebtConvertedIntoCommonShares`	-	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-446.53K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$984.61K	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`	$-322.82K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-157.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-886.34K	USD	Annual
Net loss	`NetIncomeLoss`	$-31.51K	USD	2 Qtrs
Stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.31M	USD	2 Qtrs
Stock repurchased for cash, amount	`StockRepurchasedForCashAmount`	$-50.00K	USD	2 Qtrs
Balance, amount	`StockholdersEquity`	$-446.53K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$984.61K	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.