10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001903596-23-000299`
Period End Date	20220930
Filing Date	20230412
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	gstx_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 31 Cash Flow Statement 63 Stockholders Equity 17

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$77.25K	USD	Point-in-time
Debt Instrument, Unamortized Discount, Current	`DebtInstrumentUnamortizedDiscountCurrent`	$76.25K	USD	Point-in-time
Cash	`Cash`	$2.86K	USD	Point-in-time
Cash	`Cash`	$3.73K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.80K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.18K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.04K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.52K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Furniture and equipment, net of depreciation $77,251	`PropertyPlantAndEquipmentNet`	$1.27K	USD	Point-in-time
Furniture and equipment, net of depreciation $77,251	`PropertyPlantAndEquipmentNet`	$2.25K	USD	Point-in-time
Receivables	`AccountsAndNotesReceivableNet`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	343.24M	shares	Point-in-time
Receivables	`AccountsAndNotesReceivableNet`	$2.09K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	374.31M	shares	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	-	USD	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	$6.78M	USD	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Total Assets	`Assets`	$6.80M	USD	Point-in-time
Total Assets	`Assets`	$18.38K	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.20M	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.38M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$161.60K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$154.41K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentOne`	$947.83K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentOne`	$1.34M	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$76.25K	USD	Point-in-time
Convertible notes payable, net of discount $0 and $76,255, and $100,747 in default	`ConvertibleNotesPayableCurrent`	$173.04K	USD	Point-in-time
Convertible notes payable, net of discount $0 and $76,255, and $100,747 in default	`ConvertibleNotesPayableCurrent`	$100.75K	USD	Point-in-time
Other loans and payables	`OtherLoansPayableCurrent`	$6.38K	USD	Point-in-time
Other loans and payables	`OtherLoansPayableCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.54M	USD	Point-in-time
Preferred stock: 10,000,000 shares authorized; $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 10,000,000 shares authorized; $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 500,000,000 shares authorized; $0.00001 par value; 374,305,480 and 343,237,369 shares issued and outstanding	`CommonStockValue`	$3.75K	USD	Point-in-time
Common stock: 500,000,000 shares authorized; $0.00001 par value; 374,305,480 and 343,237,369 shares issued and outstanding	`CommonStockValue`	$3.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$49.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.07M	USD	Point-in-time
Stock receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$795.00K	USD	Point-in-time
Stock receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$720.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$290.56K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$107.90K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$3.26M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$6.80M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$18.38K	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$13.91M	USD	Annual
Professional fees	`ProfessionalFees`	$34.38M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$1.11M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$301.54K	USD	Annual
Total operating expenses	`OperatingExpenses`	$15.02M	USD	Annual
Total operating expenses	`OperatingExpenses`	$34.68M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-15.02M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-34.68M	USD	Annual
Interest expense	`InterestExpense`	$151.20K	USD	Annual
Interest expense	`InterestExpense`	$35.26K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$24.98K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$15.70K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-192.65K	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	$5.79M	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	-	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-135.50K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	Annual
Net Loss	`NetIncomeLoss`	$-21.02M	USD	Annual
Net Loss	`NetIncomeLoss`	$-34.81M	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-55.89K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$182.66K	USD	Annual
Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-34.87M	USD	Annual
Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-20.84M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.84M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-34.87M	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	$-0.06	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	$-0.14	USD	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	363.20M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	257.52M	shares	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-21.02M	USD	Annual
Net loss	`NetIncomeLoss`	$-34.81M	USD	Annual
Share-based payments	`AllocatedShareBasedCompensationExpense`	$13.21M	USD	Annual
Share-based payments	`AllocatedShareBasedCompensationExpense`	$33.79M	USD	Annual
Loss on Settlement of Debt	`LossOnSettlementOfDebt`	$192.65K	USD	Annual
Amortization expenses	`AmortizationExpenses`	$102.32K	USD	Annual
Amortization expenses	`AmortizationExpenses`	$982.82K	USD	Annual
Depreciation expenses	`Depreciation`	$829.00	USD	Annual
Depreciation expenses	`Depreciation`	$12.50K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$122.13K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$13.94K	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$518.54K	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$231.11K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$5.79M	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.40K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-19.34K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-2.09K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$224.23K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$238.55K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$28.36K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$21.32K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.82K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-320.13K	USD	Annual
Payments for property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.88K	USD	Annual
Payments for property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Payments for intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Payments for intangibles	`PaymentsToAcquireIntangibleAssets`	$975.00	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.86K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from common stock issuances	`ProceedsFromIssuanceOfCommonStock`	$138.09K	USD	Annual
Proceeds from common stock issuances	`ProceedsFromIssuanceOfCommonStock`	$46.92K	USD	Annual
Proceeds from other loans	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from other loans	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$133.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$271.10K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$46.92K	USD	Annual
Effect of exchange rate in cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.97K	USD	Annual
Effect of exchange rate in cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.60K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-871.00	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.72K	USD	Annual
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.00	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.73K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.86K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.00	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.73K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.86K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Acquisition of patents	`AssetAcquisitionConsiderationTransferredTransactionCost`	$7.60M	USD	Annual
Acquisition of patents	`AssetAcquisitionConsiderationTransferredTransactionCost`	-	USD	Annual
Note payable converted into common stock	`NotePayableConvertedIntoCommonStock`	$127.05K	USD	Annual
Note payable converted into common stock	`NotePayableConvertedIntoCommonStock`	-	USD	Annual
Debt discount on convertible notes	`DebtDiscountOnConvertibleNotes`	$77.36K	USD	Annual
Debt discount on convertible notes	`DebtDiscountOnConvertibleNotes`	-	USD	Annual
Settlement of Debt for common stock	`SettlementOfDebtForCommonStock`	$82.35K	USD	Annual
Settlement of Debt for common stock	`SettlementOfDebtForCommonStock`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$138.09K	USD	Annual
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$46.92K	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$13.21M	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$33.79M	USD	Annual
Conversion of notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$204.41K	USD	Annual
Shares issued for acquisition of intangible assets	`StockIssuedDuringPeriodValueAcquisitions`	$5.56M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$182.66K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$55.89K	USD	Annual
Other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-21.02M	USD	Annual
Other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-34.81M	USD	Annual
Settlement of notes	`SettlementOfNotes`	$275.00K	USD	Annual
Ending balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.67M	USD	Point-in-time

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