10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001640334-18-000097`
Period End Date	20170930
Filing Date	20180116
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	sqtx-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 11

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Current portion of notes payable, net of discount	`DiscountOnNotePayableCurrentPortion`	$71.75K	USD	Point-in-time
Current portion of notes payable, net of discount	`DiscountOnNotePayableCurrentPortion`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Due from Affiliate	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Due from Affiliate	`DueFromAffiliateCurrent`	$26.89K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$966.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	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 Current Assets	`AssetsCurrent`	$1.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$37.63K	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
Furniture & Equipment	`PropertyPlantAndEquipmentNet`	$92.65K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture & Equipment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Quartz Deposits	`DepositAssets`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Quartz Deposits	`DepositAssets`	$30.00K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	224.43M	shares	Point-in-time
Total assets	`Assets`	$1.00K	USD	Point-in-time
Total assets	`Assets`	$160.28K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	979,109.00	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	224.43M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	979,109.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$364.01K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$36.04K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$45.06K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.51K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.01K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$85.00K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$85.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$92.00	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$92.00	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$418.75K	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$3.00K	USD	Point-in-time
Current portion of notes payable, net of discount $- and $71,754	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Current portion of notes payable, net of discount $- and $71,754	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$260.61K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Preferred stock, $0.00001 par value; 50,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 50,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value; 500,000,000 and 50,000,000 shares authorized; 224,426,229 and 979,109 shares issued and outstanding	`CommonStockValue`	$2.25K	USD	Point-in-time
Common stock, $0.00001 par value; 500,000,000 and 50,000,000 shares authorized; 224,426,229 and 979,109 shares issued and outstanding	`CommonStockValue`	$11.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.89M	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`	$-6.74M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-849.39K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$160.28K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.00K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Professional Services	`ProfessionalFees`	-	USD	Annual
Professional Services	`ProfessionalFees`	$95.91K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$64.79K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$46.93K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$64.79K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$142.83K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-142.83K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-64.79K	USD	Annual
Other income	`OtherIncome`	$27.00	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Interest income	`InterestAndOtherIncome`	$1.00	USD	Annual
Interest income	`InterestAndOtherIncome`	-	USD	Annual
Interest expense	`InterestExpenseOther`	$9.02K	USD	Annual
Interest expense	`InterestExpenseOther`	$12.41K	USD	Annual
Other interest costs	`OtherInterestCosts`	$7.07K	USD	Annual
Other interest costs	`OtherInterestCosts`	$8.50K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$91.10K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-17.49K	USD	Annual
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$71.62K	USD	Annual
Net Income (Loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.32K	USD	Annual
Net Income (Loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.83K	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`	$-160.32K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.57M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$6.83K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-160.32K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$19.45K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$91.10K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$966.00	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-966.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.45K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.00K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$9.02K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.50K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Due to/from Affiliate	`IncreaseDecreaseInDueToAffiliates`	$-14.44K	USD	Annual
Due to/from Affiliate	`IncreaseDecreaseInDueToAffiliates`	$3.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-183.00	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.97K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-120.82K	USD	Annual
Purchases of Furniture & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.10K	USD	Annual
Purchases of Furniture & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.10K	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$148.00	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$23.00	USD	Annual
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	$73.16K	USD	Annual
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Issuance of short term note payable	`ProceedsFromNotesPayable`	$35.00K	USD	Annual
Issuance of short term note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.02K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.30K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.00	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.62K	USD	Annual
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
Issuance of shares for investment in subsidiary	`IssuanceOfSharesForInvestmentInSubsidiary`	-	USD	Annual
Issuance of shares for investment in subsidiary	`IssuanceOfSharesForInvestmentInSubsidiary`	$2.23K	USD	Annual
Issuance of shares for settlement of debt	`IssuanceOfSharesForSettlementOfDebt`	-	USD	Annual
Issuance of shares for settlement of debt	`IssuanceOfSharesForSettlementOfDebt`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-849.39K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Issuance of shares for debt settlement, Amount	`IssuanceOfSharesForDebtSettlementAmount`	$23.00	USD	Annual
Issuance of shares for debt settlement, Amount	`IssuanceOfSharesForDebtSettlementAmount`	$23.00	USD	Annual
Issuance of shares for asset acquisition, Amount	`IssuanceOfSharesForAssetAcquisitionAmount`	$-429.47K	USD	Annual
Net Income	`NetIncomeLoss`	$6.83K	USD	Annual
Net Income	`NetIncomeLoss`	$-160.32K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-849.39K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-259.61K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-266.46K	USD	Point-in-time

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