10-Q Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001640334-18-000311`
Period End Date	20171231
Filing Date	20180214
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	sqtx-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 28 Cash Flow Statement 39

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.00	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`	$98.00	USD	Point-in-time
Current portion of notes payable, net of discount	`DiscountOnNotePayableCurrentPortion`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$200.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.74K	USD	Point-in-time
Current portion of notes payable, net of discount	`DiscountOnNotePayableCurrentPortion`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture & Equipment	`PropertyPlantAndEquipmentNet`	$64.94K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture & Equipment	`PropertyPlantAndEquipmentNet`	$92.65K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Quartz Deposits	`DepositAssets`	$30.00K	USD	Point-in-time
Quartz Deposits	`DepositAssets`	$30.00K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$95.14K	USD	Point-in-time
Total Assets	`Assets`	$133.39K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$364.01K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$305.67K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$47.71K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	224.43M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	225.64M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$45.06K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.83K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	224.43M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	225.64M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.10K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$85.00K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$90.00K	USD	Point-in-time
Due to Affiliates	`DueToAffiliateCurrent`	$532.06K	USD	Point-in-time
Due to Affiliates	`DueToAffiliateCurrent`	$391.87K	USD	Point-in-time
Current portion of convertible notes payable, net of discount $- and $-	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Current portion of convertible notes payable, net of discount $- and $-	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$982.78K	USD	Point-in-time
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 10,000,000 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; 225,642,896 and 224,426,229 shares issued and outstanding	`CommonStockValue`	$2.26K	USD	Point-in-time
Common stock, $0.00001 par value; 500,000,000 and 50,000,000 shares authorized; 225,642,896 and 224,426,229 shares issued and outstanding	`CommonStockValue`	$2.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-970.89K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-849.39K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$95.14K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$133.39K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Professional Services	`ProfessionalFees`	-	USD	1 Quarter
Professional Services	`ProfessionalFees`	$155.82K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$93.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$249.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.72K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-249.44K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.72K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$1.00	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$2.65K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$2.65K	USD	1 Quarter
Other interest costs	`OtherInterestCosts`	$2.12K	USD	1 Quarter
Other interest costs	`OtherInterestCosts`	$2.12K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-4.78K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-4.78K	USD	1 Quarter
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-254.21K	USD	1 Quarter
Net Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.50K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-9.50K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-254.21K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.68M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$-9.50K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-254.21K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.25K	USD	1 Quarter
Depreciation expense	`Depreciation`	$27.71K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$966.00	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.82K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-58.34K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.65K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.65K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.28K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$2.12K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-232.21K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.00	USD	1 Quarter
Due from/to Affiliates	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Due from/to Affiliates	`ProceedsFromContributionsFromAffiliates`	$166.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.67K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of short term note payable	`ProceedsFromNotesPayable`	$5.00K	USD	1 Quarter
Issuance of short term note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$221.67K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.54K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.00	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00	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`	$98.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Debt forgiveness	`DebtInstrumentDecreaseForgiveness`	$25.80K	USD	1 Quarter
Debt forgiveness	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter

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