10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001640334-17-002470`
Period End Date	20160930
Filing Date	20171117
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	vnge-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 28 Cash Flow Statement 39 Stockholders Equity 12

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Discount on Note Payable Current portion	`DiscountOnNotePayableCurrentPortion`	$71.75K	USD	Point-in-time
Discount on Note Payable Current portion	`DiscountOnNotePayableCurrentPortion`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$966.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.00K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.00K	USD	Point-in-time
Total assets	`Assets`	$5.00	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.22K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	979,109.00	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$3.00K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	1.00M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$38.57K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	1.00M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$36.04K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	979,109.00	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.51K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.46K	USD	Point-in-time
Short term notes payable	`ShortTermBorrowings`	$50.00K	USD	Point-in-time
Short term notes payable	`ShortTermBorrowings`	$85.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$92.00	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$275.00	USD	Point-in-time
Current portion of notes payable, net of discount $0 and $71,754	`NotesAndLoansPayableCurrent`	$70.75K	USD	Point-in-time
Current portion of notes payable, net of discount $0 and $71,754	`NotesAndLoansPayableCurrent`	$146.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$260.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.46K	USD	Point-in-time
Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value; 100,000,000 shares authorized; 1,002,134 and 979,109 shares issued and outstanding	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value; 100,000,000 shares authorized; 1,002,134 and 979,109 shares issued and outstanding	`CommonStockValue`	$979.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.59M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.00K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Operating expenses	`OperatingExpenses`	$109.59K	USD	Annual
Operating expenses	`OperatingExpenses`	$64.79K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-64.79K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-109.59K	USD	Annual
Other income	`OtherIncome`	$23.81K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Interest expense	`InterestExpenseOther`	$-12.41K	USD	Annual
Interest expense	`InterestExpenseOther`	$-31.61K	USD	Annual
Other interest costs	`OtherInterestCosts`	-	USD	Annual
Other interest costs	`OtherInterestCosts`	$-7.07K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-91.10K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.58M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$2.52M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$71.62K	USD	Annual
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.83K	USD	Annual
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.41M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$6.83K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.41M	USD	Annual
Basic	`EarningsPerShareBasic`	$2.90	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	$2.65	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	999,392.00	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	831,241.00	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$6.83K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$2.41M	USD	Annual
Interest expense	`InterestExpense`	$31.61K	USD	Annual
Interest expense	`InterestExpense`	$19.45K	USD	Annual
Cancellation of treasury shares	`CancellationOfTreasuryShares`	$23.81K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-91.10K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.58M	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-966.00	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$12.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.61K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$3.00K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.43K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-183.00	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-8.32K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.25K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.97K	USD	Annual
Issuance of short term note payable	`ProceedsFromNotesPayable`	$35.00K	USD	Annual
Issuance of short term note payable	`ProceedsFromNotesPayable`	$50.00K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.00	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-39.25K	USD	Annual
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Issuance of shares for settlement of debt	`IssuanceOfSharesForSettlementOfDebt`	$866.32K	USD	Annual
Issuance of shares for settlement of debt	`IssuanceOfSharesForSettlementOfDebt`	$23.02K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-3.50M	USD	Point-in-time
Return of common stock, Amount	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Cancellation of treasury shares	`CancellationOfTreasuryShares`	$23.81K	USD	Annual
Issuance of shares for debt settlement, Amount	`IssuanceOfSharesForDebtSettlementAmount`	$23.00	USD	Annual
Issuance of shares for debt settlement, Amount	`IssuanceOfSharesForDebtSettlementAmount`	$797.57K	USD	Annual
Net Income	`NetIncomeLoss`	$6.83K	USD	Annual
Net Income	`NetIncomeLoss`	$2.41M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-3.50M	USD	Point-in-time

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