10-Q Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001640334-19-000339`
Period End Date	20181231
Filing Date	20190228
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	gstx-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 26 Cash Flow Statement 42

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Furniture & Equipment, net of depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.28K	USD	Point-in-time
Furniture & Equipment, net of depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.83K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.70K	USD	Point-in-time
Notes Payable-Power Up Lending, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$2.50K	USD	Point-in-time
Notes Payable-Power Up Lending, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.55K	USD	Point-in-time
Furniture & Equipment, net of depreciation, $4,335 and $38,278	`PropertyPlantAndEquipmentNet`	$42.47K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture & Equipment, net of depreciation, $4,335 and $38,278	`PropertyPlantAndEquipmentNet`	$47.16K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Quartz Deposits	`DepositAssets`	$28.69K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Quartz Deposits	`DepositAssets`	$28.48K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$164.78K	USD	Point-in-time
Total Assets	`Assets`	$82.55K	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`	500.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.48K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$55.67K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	236.05M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$40.11K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	238.72M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$58.33K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	238.72M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.95K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	236.05M	shares	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$90.00K	USD	Point-in-time
Short term notes payable	`NotesPayableCurrent`	$90.00K	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$374.27K	USD	Point-in-time
Due to Affiliated Parties	`DueToAffiliateCurrent`	$447.76K	USD	Point-in-time
Notes Payable-Power Up Lending, net of discount $1,551 and $2,503	`OtherNotesPayableCurrent`	$61.45K	USD	Point-in-time
Notes Payable-Power Up Lending, net of discount $1,551 and $2,503	`OtherNotesPayableCurrent`	$60.50K	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`	$901.76K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$804.38K	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 500,000,000 shares authorized; 238,716,484 and 236,046,151 shares issued and outstanding	`CommonStockValue`	$2.39K	USD	Point-in-time
Common stock, $0.00001 par value; 500,000,000 and 500,000,000 shares authorized; 238,716,484 and 236,046,151 shares issued and outstanding	`CommonStockValue`	$2.36K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.97M	USD	Point-in-time
Comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$128.94K	USD	Point-in-time
Comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$92.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.89M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-819.21K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-639.60K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$164.78K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$82.55K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Professional Services	`ProfessionalFees`	$100.20K	USD	1 Quarter
Professional Services	`ProfessionalFees`	$155.82K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$93.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$172.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$249.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$272.32K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-272.32K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-249.44K	USD	1 Quarter
Other income	`OtherIncome`	$1.00	USD	1 Quarter
Other income	`OtherIncome`	$1.43K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$4.78K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$7.76K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.33K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.78K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-278.64K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-254.21K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$36.89K	USD	1 Quarter
Net Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-254.21K	USD	1 Quarter
Net Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-241.75K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	225.64M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	234.30M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$-278.64K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-254.21K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$100.20K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.25K	USD	1 Quarter
Depreciation expense	`Depreciation`	$27.71K	USD	1 Quarter
Depreciation expense	`Depreciation`	$4.33K	USD	1 Quarter
Amortization of discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$952.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-58.34K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.87K	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
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.16K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	$-63.84K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	-	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-232.21K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-261.05K	USD	1 Quarter
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	$166.00K	USD	1 Quarter
Due to Affiliates	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.67K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$345.00K	USD	1 Quarter
Issuance of short term note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Issuance of short term note payable	`ProceedsFromNotesPayable`	$5.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$221.67K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.00K	USD	1 Quarter
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.18K	USD	1 Quarter
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$87.13K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.54K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$93.83K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$200.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$93.83K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.74K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Debt forgiveness	`DebtForgiveness`	-	USD	1 Quarter
Debt forgiveness	`DebtForgiveness`	$25.80K	USD	1 Quarter

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