10-Q Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001640334-18-000117`
Period End Date	20151231
Filing Date	20180117
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	sqtx-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 24 Cash Flow Statement 36

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$-231.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	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
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Total assets	`Assets`	$5.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	973,139.00	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	991,119.00	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	991,119.00	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	973,139.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.22K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.25K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$231.00	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$38.57K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$35.02K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$11.71K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.46K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$275.00	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$685.00	USD	Point-in-time
Notes Payable-Short Terms	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes Payable-Short Terms	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Convertible Notes Payable	`ConvertibleNotesPayableCurrent`	$146.94K	USD	Point-in-time
Convertible Notes Payable	`ConvertibleNotesPayableCurrent`	$107.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$227.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.46K	USD	Point-in-time
Long Term Liabilities	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long Term Liabilities	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$266.46K	USD	Point-in-time
Total liabilities	`Liabilities`	$227.70K	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 and 50,000,000 shares authorized at December 31, 2015 and 2014, respectively, 991,119 and 973,139 shares issued and outstanding December 31, 2015 and 2014, respectively	`CommonStockValue`	$991.00	USD	Point-in-time
Common stock, $0.00001 par value; 100,000,000 and 50,000,000 shares authorized at December 31, 2015 and 2014, respectively, 991,119 and 973,139 shares issued and outstanding December 31, 2015 and 2014, respectively	`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`	$-6.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.59M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-227.93K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-266.46K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.00	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.68K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$87.03K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$87.03K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.68K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-87.03K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.68K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$13.14K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$5.53K	USD	1 Quarter
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$2.57M	USD	1 Quarter
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$47.72K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$2.56M	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$42.19K	USD	1 Quarter
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.47M	USD	1 Quarter
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.51K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$38.51K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.47M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.54	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	973,139.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	989,291.00	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$38.51K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$2.47M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$4.11K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$2.57M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$47.72K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-39.90K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.52K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$12.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.13K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.04K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-3.55K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$94.32K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.25K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$7.23K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$410.00	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-236.00	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.13K	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-236.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-39.13K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$-231.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$120.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$-231.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$39.25K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00	USD	Point-in-time

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