10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001575705-22-000382`
Period End Date	20210930
Filing Date	20220524
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	gstx_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 18

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Furniture & Equipment, net of depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipments`	$84.78K	USD	Point-in-time
Furniture & Equipment, net of depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipments`	$84.78K	USD	Point-in-time
Debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	$52.70K	USD	Point-in-time
Cash	`Cash`	$12.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$3.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.80K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.52K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Furniture and equipment, net of depreciation $84,776	`PropertyPlantAndEquipmentNet`	$2.25K	USD	Point-in-time
Furniture and equipment, net of depreciation $84,776	`PropertyPlantAndEquipmentNet`	$12.26K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	$6.78M	USD	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	-	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	246.25M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	343.24M	shares	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	-	USD	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	246.25M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	343.24M	shares	Point-in-time
Total Assets	`Assets`	$6.80M	USD	Point-in-time
Total Assets	`Assets`	$12.27K	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$653.48K	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.20M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$132.10K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$154.41K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$717.08K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$947.83K	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible notes payable, net of discount $0 and $52,703, and $100,747 in default	`ConvertibleNotesPayableCurrent`	$116.26K	USD	Point-in-time
Convertible notes payable, net of discount $0 and $52,703, and $100,747 in default	`ConvertibleNotesPayableCurrent`	$173.04K	USD	Point-in-time
Other loans and payables	`OtherLoansPayableCurrent`	$5.63K	USD	Point-in-time
Other loans and payables	`OtherLoansPayableCurrent`	$6.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Preferred stock: 10,000,000 shares authorized; $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 10,000,000 shares authorized; $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 500,000,000 shares authorized; $0.00001 par value; 343,237,369 and 246,248,723 shares issued and outstanding	`CommonStockValue`	$2.46K	USD	Point-in-time
Common stock: 500,000,000 shares authorized; $0.00001 par value; 343,237,369 and 246,248,723 shares issued and outstanding	`CommonStockValue`	$3.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$49.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.05M	USD	Point-in-time
Stock receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$720.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$52.02K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$107.90K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-982.25K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$3.26M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$6.80M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$12.27K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$881.73K	USD	Annual
Professional fees	`ProfessionalFees`	$34.34M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$164.16K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$301.54K	USD	Annual
Total operating expenses	`OperatingExpenses`	$34.68M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.05M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-34.68M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.05M	USD	Annual
Interest expense	`InterestExpense`	$151.20K	USD	Annual
Interest expense	`InterestExpense`	$36.84K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$15.70K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$8.15K	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	$28.58K	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	-	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-57.27K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-135.50K	USD	Annual
Net Loss	`NetIncomeLoss`	$-34.81M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-48.70K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-55.89K	USD	Annual
Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.15M	USD	Annual
Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-34.87M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.15M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-34.87M	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	-	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	$-0.14	USD	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	257.52M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	243.91M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-34.81M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Share-based payments	`AllocatedShareBasedCompensationExpense`	$33.79M	USD	Annual
Share-based payments	`AllocatedShareBasedCompensationExpense`	$300.00K	USD	Annual
Amortization expenses	`AmortizationExpenses`	-	USD	Annual
Amortization expenses	`AmortizationExpenses`	$102.23K	USD	Annual
Depreciation expenses	`Depreciation`	$12.50K	USD	Annual
Depreciation expenses	`Depreciation`	$16.32K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$122.13K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$15.57K	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$231.11K	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	-	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$28.58K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-11.68K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.34K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-5.20K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.88K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$224.23K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$28.36K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$21.36K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$261.50K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-192.12K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-320.13K	USD	Annual
Payments for property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.88K	USD	Annual
Payments for property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Payments for intangibles	`PaymentsToAcquireIntangibleAssets`	$975.00	USD	Annual
Payments for intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.86K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from common stock issuances	`ProceedsFromIssuanceOfCommonStock`	$138.09K	USD	Annual
Proceeds from common stock issuances	`ProceedsFromIssuanceOfCommonStock`	$93.62K	USD	Annual
Proceeds from other loans	`ProceedsFromIssuanceOfDebt`	$5.63K	USD	Annual
Proceeds from other loans	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$133.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$68.22K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$167.47K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$271.10K	USD	Annual
Effect of exchange rate in cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.60K	USD	Annual
Effect of exchange rate in cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-49.58K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.72K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.23K	USD	Annual
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$74.24K	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.00	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$74.24K	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Acquisition of patents	`AcquisitionOfPatents`	-	USD	Annual
Acquisition of patents	`AcquisitionOfPatents`	$7.60M	USD	Annual
Note payable converted into common stock	`NotePayableConvertedIntoCommonStock`	-	USD	Annual
Note payable converted into common stock	`NotePayableConvertedIntoCommonStock`	$127.05K	USD	Annual
Debt discount on convertible notes	`DebtDiscountOnConvertibleNotes1`	$77.36K	USD	Annual
Debt discount on convertible notes	`DebtDiscountOnConvertibleNotes1`	$68.22K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-982.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$93.62K	USD	Annual
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$138.09K	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$300.00K	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$33.79M	USD	Annual
Conversion of notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$204.41K	USD	Annual
Share issued for acquisition of intangible assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$5.56M	USD	Annual
Debt discount on convertible notes	`DebtDiscountOnConvertibleNotes`	$68.22K	USD	Annual
Terminal balance of derivative liability	`TerminalBalanceOfDerivativeLiability`	-	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-48.70K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$55.89K	USD	Annual
Net Loss	`NetLoss`	$-1.10M	USD	Annual
Other comprehensive income, net of tax	`OtherComprehensiveIncomeNetOfTax`	$-34.81M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-982.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time

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