10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001640334-19-000098`
Period End Date	20180930
Filing Date	20190123
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	sqtx-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 23 Cash Flow Statement 54 Stockholders Equity 15

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.28K	USD	Point-in-time
Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.36K	USD	Point-in-time
Due from Affiliate	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Other notes payable, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$2.50K	USD	Point-in-time
Due from Affiliate	`DueFromAffiliateCurrent`	$26.89K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.70K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$37.63K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture & Equipment, net of depreciation, $38,276 and $0.00	`PropertyPlantAndEquipmentNet`	$47.15K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Furniture & Equipment, net of depreciation, $38,276 and $0.00	`PropertyPlantAndEquipmentNet`	$92.65K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Quartz Deposits	`DepositAssets`	$28.69K	USD	Point-in-time
Quartz Deposits	`DepositAssets`	$30.00K	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 assets	`Assets`	$160.28K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$82.55K	USD	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, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	236.05M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	224.43M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$364.01K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.13K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	224.43M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$45.06K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$55.67K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	236.05M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.95K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$90.00K	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`	-	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$447.76K	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$418.75K	USD	Point-in-time
Other notes payable, net of discount $2,503	`OtherNotesPayableCurrent`	$60.50K	USD	Point-in-time
Other notes payable, net of discount $2,503	`OtherNotesPayableCurrent`	-	USD	Point-in-time
Current portion of notes payable, net of discount $- and $-	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Current portion of notes payable, net of discount $- and $-	`ConvertibleNotesPayableCurrent`	$70.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$901.76K	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; 236,046,151 and 224,426,229 shares issued and outstanding	`CommonStockValue`	$2.36K	USD	Point-in-time
Common stock, $0.00001 par value; 500,000,000 and 50,000,000 shares authorized; 236,046,151 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`	$7.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.89M	USD	Point-in-time
Accumulated other comprehensive earnings	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$92.05K	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`	$-819.21K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$82.55K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$160.28K	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Professional Services	`ProfessionalFees`	$1.80M	USD	Annual
Professional Services	`ProfessionalFees`	$95.91K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$323.22K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$46.93K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$142.83K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.13M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-142.83K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.13M	USD	Annual
Interest expense	`InterestExpenseOther`	$17.49K	USD	Annual
Interest expense	`InterestExpenseOther`	$20.85K	USD	Annual
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-20.85K	USD	Annual
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-17.49K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-2.15M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-160.32K	USD	Annual
Other comprehensive gain translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$92.05K	USD	Annual
Net Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.05M	USD	Annual
Net Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-160.32K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	231.31M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.57M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$-2.15M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-160.32K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$1.21M	USD	Annual
Share based compensation	`ShareBasedCompensation`	-	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$38.28K	USD	Annual
Other comprehensive gain translation adjustment	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Other comprehensive gain translation adjustment	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$92.05K	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$966.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.45K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-222.88K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$10.61K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$9.02K	USD	Annual
Accrued professional fees related party	`DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees`	$-14.44K	USD	Annual
Accrued professional fees related party	`DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees`	$555.15K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.94K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.50K	USD	Annual
Due to/from Affiliate	`IncreaseDecreaseInDueToAffiliates`	-	USD	Annual
Due to/from Affiliate	`IncreaseDecreaseInDueToAffiliates`	-	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-92.00	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-456.66K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-120.82K	USD	Annual
Purchases of Furniture & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of Furniture & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.10K	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.10K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$148.00	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$378.60K	USD	Annual
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	$73.16K	USD	Annual
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from Convertible notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from Convertible notes	`ProceedsFromConvertibleDebt`	$60.50K	USD	Annual
Proceeds from short-term loans	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from short-term loans	`ProceedsFromNotesPayable`	$5.00K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$444.10K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.31K	USD	Annual
Effect of Exchange rate in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.53K	USD	Annual
Effect of Exchange rate in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.62K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.03K	USD	Annual
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.36K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$62.36K	USD	Point-in-time
Non-cash Investment in subsidiary	`NoncashInvestmentInSubsidiary`	$2.13K	USD	Annual
Non-cash Investment in subsidiary	`NoncashInvestmentInSubsidiary`	-	USD	Annual
Debt forgiveness from Related Party	`DebtForgivenessFromRelatedParty`	$438.25K	USD	Annual
Debt forgiveness from Related Party	`DebtForgivenessFromRelatedParty`	-	USD	Annual
Issuance of shares for debts	`IssuanceOfSharesForSettlementOfDebt`	$60.73K	USD	Annual
Issuance of shares for debts	`IssuanceOfSharesForSettlementOfDebt`	-	USD	Annual

Stockholders Equity 15 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`	$-819.21K	USD	Point-in-time
Issuance of shares for asset acquisition, Amount	`IssuanceOfSharesForAssetAcquisitionAmount`	$-429.47K	USD	Annual
Issuance of shares for asset acquisition, Amount	`IssuanceOfSharesForAssetAcquisitionAmount`	$23.00	USD	Annual
Issuance of shares to management, Amount	`IssuanceOfSharesToManagementAmount`	$1.21M	USD	Annual
Sale of shares, Amount	`SaleOfSharesAmount`	$378.60K	USD	Annual
Related party debt forgiveness	`RelatedPartyDebtForgivenes`	$438.52K	USD	Annual
Issuance of shares for debt, Amount	`IssuanceOfSharesForDebtAmount`	$60.73K	USD	Annual
Comprehensive gain currency translation	`ComprehensiveGainCurrencyTranslation`	$92.05K	USD	Annual
Net Income	`NetIncomeLoss`	$-2.15M	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`	$-819.21K	USD	Point-in-time

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