10-Q Filing

GLOBAL WARMING SOLUTIONS, INC. CIK: 1430300 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001477932-23-004693`
Period End Date	20230331
Filing Date	20230621
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	gwso_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 32 Cash Flow Statement 43 Stockholders Equity 13

Balance Sheet 52 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
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$79.00	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	16.05M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	16.03M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	16.05M	shares	Point-in-time
Marketable Securities	`MarketableSecurities`	$5.79K	USD	Point-in-time
Marketable Securities	`MarketableSecurities`	$64.59K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	16.03M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$83.81K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$109.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.34K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureAndFixturesGross`	$21.55K	USD	Point-in-time
Furniture & Equipment, net	`FurnitureAndFixturesGross`	$19.60K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$12.63K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$10.85K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$9.71K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$9.54K	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`	$6.25K	USD	Point-in-time
Deposits	`DepositAssetsPresentValueOfExpectedRecoveries`	$6.25K	USD	Point-in-time
Total assets	`Assets`	$230.68K	USD	Point-in-time
Total assets	`Assets`	$296.28K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$61.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.13K	USD	Point-in-time
Loan Payable	`LoansPayable`	$300.00K	USD	Point-in-time
Loan Payable	`LoansPayable`	$380.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$113.73K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$84.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$432.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$525.93K	USD	Point-in-time
Total Liabilities	`Liabilities`	$432.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$525.93K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 16,053,336 and 16,025,050 shares issued, and outstanding, as of March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$16.05K	USD	Point-in-time
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 16,053,336 and 16,025,050 shares issued, and outstanding, as of March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$16.02K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.96M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$973.28K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$838.29K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-295.24K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.28K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$230.68K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	1 Quarter
Sales	`Revenues`	-	USD	1 Quarter
Cost of Sales	`CostOfSales`	-	USD	1 Quarter
Cost of Sales	`CostOfSales`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$81.14K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$102.15K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$13.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$194.14K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$141.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.91K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.91K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$260.85K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$279.18K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-260.85K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-279.18K	USD	1 Quarter
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$14.50K	USD	1 Quarter
Gain (loss) on Marketable Securities	`MarketableSecuritiesGainLoss`	$17.68K	USD	1 Quarter
Gain (loss) on Marketable Securities	`MarketableSecuritiesGainLoss`	$-11.80K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-257.67K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-290.98K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-257.67K	USD	1 Quarter
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.02	USD	1 Quarter
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	23.33M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.04M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$257.67K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$290.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.91K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.11K	USD	1 Quarter
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$-58.80K	USD	1 Quarter
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$54.41K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.84K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-25.86K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.29K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.25K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.05K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-29.22K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-156.03K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-336.01K	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$179.00	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.33K	USD	1 Quarter
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash received in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.51K	USD	1 Quarter
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$156.00K	USD	1 Quarter
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$99.00K	USD	1 Quarter
Proceeds from Short-term Debt	`ProceedsFromOtherShortTermDebt`	$80.00K	USD	1 Quarter
Funds used to repurchase stock	`FundsUsedToRepurchaseStock`	-	USD	1 Quarter
Funds used to repurchase stock	`FundsUsedToRepurchaseStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$156.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$179.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$22.97K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-182.52K	USD	1 Quarter
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$658.12K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$840.64K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.00	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.05K	USD	Point-in-time
Cash, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$658.12K	USD	Point-in-time
Cash, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$840.64K	USD	Point-in-time
Cash, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.00	USD	Point-in-time
Cash, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.05K	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

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$973.28K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-295.24K	USD	Point-in-time
Stock issued as compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$156.00K	USD	1 Quarter
Stock Retired, amount	`StockRetiredAmount`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-257.67K	USD	1 Quarter
Shares Sold, amount	`SharesSoldamount`	$99.00K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$973.28K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-295.24K	USD	Point-in-time

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