10-Q Filing

GLOBAL WARMING SOLUTIONS, INC. CIK: 1430300 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001477932-23-007144`
Period End Date	20230630
Filing Date	20230928
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gwso_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 65 Cash Flow Statement 48 Stockholders Equity 26

Balance Sheet 56 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`	$79.00	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$64.59K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	16.05M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	16.03M	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$3.54K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	16.03M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$71.57K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	16.05M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$109.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.11K	USD	Point-in-time
Furniture and equipment, net	`FurnitureAndFixturesGross`	$17.63K	USD	Point-in-time
Furniture and equipment, net	`FurnitureAndFixturesGross`	$21.55K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$12.63K	USD	Point-in-time
Leasehold improvements, net	`LeaseholdImprovementsGross`	$9.05K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$9.71K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$9.36K	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`	$296.28K	USD	Point-in-time
Total assets	`Assets`	$189.19K	USD	Point-in-time
Cash overdraft	`CashOverdraftNew`	$3.75K	USD	Point-in-time
Cash overdraft	`CashOverdraftNew`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$97.34K	USD	Point-in-time
Accrued wages - related party	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued wages - related party	`EmployeeRelatedLiabilitiesCurrent`	$32.30K	USD	Point-in-time
Loan payable	`LoansPayable`	$397.61K	USD	Point-in-time
Loan payable	`LoansPayable`	$300.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$113.73K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$71.57K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$432.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$602.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$602.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$432.86K	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 June 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$16.02K	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 June 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$16.05K	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`	$-5.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$560.94K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$838.29K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-413.37K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-295.24K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$973.28K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$189.19K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.28K	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	2 Qtrs
Sales	`Revenues`	-	USD	1 Quarter
Sales	`Revenues`	-	USD	2 Qtrs
Sales	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfSales`	-	USD	2 Qtrs
Cost of sales	`CostOfSales`	-	USD	1 Quarter
Cost of sales	`CostOfSales`	-	USD	2 Qtrs
Cost of sales	`CostOfSales`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$192.31K	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$90.16K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$91.84K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$172.98K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$9.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$22.91K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.26K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$205.39K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$151.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$147.68K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$147.68K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Amortization and depreciation	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$533.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$113.22K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$254.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$374.07K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-254.73K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-113.22K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-374.07K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-533.91K	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.66K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$17.16K	USD	2 Qtrs
Gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$-34.53K	USD	1 Quarter
Gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$-46.33K	USD	2 Qtrs
Gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$15.44K	USD	2 Qtrs
Gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$-2.25K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-118.12K	USD	1 Quarter
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-580.24K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-375.80K	USD	2 Qtrs
Net income (loss) before before taxes	`IncomeLossFromSubsidiariesBeforeTax`	$-289.26K	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`	$-375.80K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-289.26K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-118.12K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-257.67K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-580.24K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.02	USD	2 Qtrs
Income (loss) per share	`EarningsPerSharesBasicAndDiluted`	$-0.03	USD	2 Qtrs
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`	16.05M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.03M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.03M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.03M	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`	$-375.80K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.86K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.11K	USD	2 Qtrs
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$-53.62K	USD	2 Qtrs
Marketable Securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$61.05K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$38.10K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.78K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$78.21K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$500.00	USD	2 Qtrs
Accrued wages - related party	`IncreaseDecreaseInDueToOtherRelatedParties`	$32.30K	USD	2 Qtrs
Accrued wages - related party	`IncreaseDecreaseInDueToOtherRelatedParties`	-	USD	2 Qtrs
Cash overdraft	`IncreaseDecreaseInBookOverdrafts`	$3.75K	USD	2 Qtrs
Cash overdraft	`IncreaseDecreaseInBookOverdrafts`	-	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.29K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-42.16K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-196.69K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-621.47K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$359.00	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.15K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.51K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$167.90K	USD	2 Qtrs
Proceeds from issuance of stock, net	`ProceedsFromIssuanceOfCommonStock`	$99.00K	USD	2 Qtrs
Proceeds from short-term debt	`ProceedsFromOtherShortTermDebt`	-	USD	2 Qtrs
Proceeds from short-term debt	`ProceedsFromOtherShortTermDebt`	$97.61K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$196.61K	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`	$-79.00	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$384.56K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	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, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$384.56K	USD	Point-in-time
Cash, ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	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 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 26 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$560.94K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-413.37K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-295.24K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$973.28K	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`	-	USD	1 Quarter
Stock retired, amount	`StockRetiredAmount`	$-2.10K	USD	1 Quarter
Stock retired, amount	`StockRetiredAmount`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-375.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-289.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-118.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-257.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-580.24K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-290.98K	USD	1 Quarter
Options exercised, amount	`OptionsExercisedAmount`	$14.00K	USD	1 Quarter
Shares issued for cash, amount	`SharesIssuedForCashAmount`	$99.00K	USD	1 Quarter
Shares Sold	`SharesSold`	-	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$560.94K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$838.29K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-136.57K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-413.37K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-295.24K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$973.28K	USD	Point-in-time

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