10-Q Filing

GLOBAL WARMING SOLUTIONS, INC. CIK: 1430300 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001477932-22-005693`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	gwso_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 69 Cash Flow Statement 48 Stockholders Equity 17

Balance Sheet 49 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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	16.03M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$384.56K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$840.64K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	17.60M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.11K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	17.60M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	16.03M	shares	Point-in-time
Marketable Securities	`MarketableSecurities`	$53.62K	USD	Point-in-time
Marketable Securities	`MarketableSecurities`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.78K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$440.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$852.75K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureAndFixturesGross`	$29.46K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureAndFixturesGross`	$25.54K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$16.26K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$19.84K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$10.08K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.93K	USD	Point-in-time
Investment in Green Holistic	`InvestmentInGreenHolistic`	$71.80K	USD	Point-in-time
Investment in Green Holistic	`InvestmentInGreenHolistic`	$71.80K	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	$11.80K	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	$11.80K	USD	Point-in-time
Total assets	`Assets`	$993.59K	USD	Point-in-time
Total assets	`Assets`	$576.45K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.50K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.31K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.52K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.31K	USD	Point-in-time
Total Liabilities	`Liabilities`	$15.52K	USD	Point-in-time
Total Liabilities	`Liabilities`	$20.31K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 16,025,050 and 17,604,705 shares issued, and outstanding, as of June 30, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$17.61K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 16,025,050 and 17,604,705 shares issued, and outstanding, as of June 30, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$16.02K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.79M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$973.28K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$838.29K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$560.94K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$993.59K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$576.45K	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	2 Qtrs
Sales	`Revenues`	$101.72K	USD	2 Qtrs
Sales	`Revenues`	-	USD	1 Quarter
Sales	`Revenues`	$336.00	USD	1 Quarter
Cost of Sales	`CostOfSales`	$72.84K	USD	2 Qtrs
Cost of Sales	`CostOfSales`	-	USD	1 Quarter
Cost of Sales	`CostOfSales`	$3.66K	USD	1 Quarter
Cost of Sales	`CostOfSales`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$28.89K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-3.33K	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$164.91K	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$172.98K	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$91.84K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$141.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.26K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$205.39K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$28.17K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.74K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$147.68K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$147.68K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.49K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$11.82K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$153.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$254.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$533.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$204.91K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-254.73K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-157.05K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-176.02K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-533.91K	USD	2 Qtrs
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Derivative expense	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Derivative expense	`DerivativeGainLossOnDerivativeNet`	$-163.64K	USD	2 Qtrs
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	2 Qtrs
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$16.84K	USD	2 Qtrs
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Gain on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Loss on Marketable Securities	`OtherNonoperatingExpense`	$34.53K	USD	1 Quarter
Loss on Marketable Securities	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Loss on Marketable Securities	`OtherNonoperatingExpense`	-	USD	1 Quarter
Loss on Marketable Securities	`OtherNonoperatingExpense`	$46.33K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-580.24K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-322.82K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-157.05K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-289.26K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-580.24K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-322.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-289.26K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-157.05K	USD	1 Quarter
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	2 Qtrs
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	1 Quarter
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.03	USD	2 Qtrs
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	24.34M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.03M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	23.17M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	23.85M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$580.24K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$322.82K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.82K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$37.73K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.11K	USD	2 Qtrs
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	-	USD	2 Qtrs
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$53.62K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.78K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$500.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.60K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$18.26K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.29K	USD	2 Qtrs
Reserve for Settlments	`IncreasedecreaseinreserveForSettlments`	-	USD	2 Qtrs
Reserve for Settlments	`IncreasedecreaseinreserveForSettlments`	$16.04K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-621.47K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.12K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.27K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$359.00	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$24.47K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.15K	USD	2 Qtrs
Deposits	`PaymentsToAcquireDeposits`	$11.80K	USD	2 Qtrs
Deposits	`PaymentsToAcquireDeposits`	-	USD	2 Qtrs
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.55K	USD	2 Qtrs
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.51K	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$167.90K	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.31M	USD	2 Qtrs
Funds used to repurchase stock	`FundsUsedToRepurchaseStock`	$-50.00K	USD	2 Qtrs
Funds used to repurchase stock	`FundsUsedToRepurchaseStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$167.90K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-456.08K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$809.97K	USD	2 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$822.42K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$840.64K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$384.56K	USD	Point-in-time
Cash, ending of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.45K	USD	Point-in-time
Cash, ending of the period	`CashAndCashEquivalentsAtCarryingValue`	$822.42K	USD	Point-in-time
Cash, ending of the period	`CashAndCashEquivalentsAtCarryingValue`	$840.64K	USD	Point-in-time
Cash, ending of the period	`CashAndCashEquivalentsAtCarryingValue`	$384.56K	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

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$973.28K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$560.94K	USD	Point-in-time
Stock issued as compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$156.00K	USD	1 Quarter
Stock Retired, amount	`StockRetiredAmount`	-	USD	1 Quarter
Stock Retired, amount	`StockRetiredAmount`	$-2.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-580.24K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-322.82K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-289.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.05K	USD	1 Quarter
Options Exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	8,000.00	shares	Point-in-time
Options Exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	70,800.00	shares	2 Qtrs
Options Exercised, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.00K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$973.28K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$560.94K	USD	Point-in-time

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