10-Q Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001903596-23-000717`
Period End Date	20230630
Filing Date	20230913
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	gstx_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 56 Cash Flow Statement 61 Stockholders Equity 33

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Debt Discount	`DebtInstrumentUnamortizedDiscountCurrent`	$51.69K	USD	Point-in-time
Debt Discount	`DebtInstrumentUnamortizedDiscountCurrent`	$100.75K	USD	Point-in-time
Perferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$6.50K	USD	Point-in-time
Cash	`Cash`	$2.86K	USD	Point-in-time
Perferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.18K	USD	Point-in-time
Perferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Perferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.40K	USD	Point-in-time
Perferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Perferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.04K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.90K	USD	Point-in-time
Furniture and equipment, net of depreciation $79,023	`PropertyPlantAndEquipmentNet`	$1.05K	USD	Point-in-time
Perferred stock, issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture and equipment, net of depreciation $79,023	`PropertyPlantAndEquipmentNet`	$1.27K	USD	Point-in-time
Perferred stock, issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	$1.00	USD	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	-	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	384.24M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	374.31M	shares	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$2.09K	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$4.01K	USD	Point-in-time
Total Assets	`Assets`	$18.38K	USD	Point-in-time
Total Assets	`Assets`	$23.94K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	374.31M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	384.24M	shares	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.55M	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`	$177.11K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.84M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.34M	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$76.25K	USD	Point-in-time
Notes payable in default	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible notes payable, net of discount $51,694 and $100,747 in default	`ConvertibleNotesPayableCurrent`	$100.75K	USD	Point-in-time
Convertible notes payable, net of discount $51,694 and $100,747 in default	`ConvertibleNotesPayableCurrent`	$100.75K	USD	Point-in-time
Notes payable Related Party	`OtherLoansPayableCurrent`	-	USD	Point-in-time
Notes payable Related Party	`OtherLoansPayableCurrent`	$51.69K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.78M	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`	$4.78M	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; 384,237,369 and 374,305,480 shares issued and outstanding	`CommonStockValue`	$3.75K	USD	Point-in-time
Common stock: 500,000,000 shares authorized; $0.00001 par value; 384,237,369 and 374,305,480 shares issued and outstanding	`CommonStockValue`	$3.85K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.62M	USD	Point-in-time
Stock Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$795.00K	USD	Point-in-time
Stock Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$795.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.84M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-255.37K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-290.56K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity2`	$4.75M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity2`	$-4.04M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$23.94K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$18.38K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Professional Services	`ProfessionalFees`	$166.26K	USD	1 Quarter
Professional Services	`ProfessionalFees`	$610.26K	USD	3 Qtrs
Professional Services	`ProfessionalFees`	$12.89M	USD	3 Qtrs
Professional Services	`ProfessionalFees`	$322.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$130.74K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$278.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$829.22K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$76.10K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$741.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$445.02K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$398.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.72M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-398.25K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-13.72M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-445.02K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-741.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$25.08K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$7.29K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$18.56K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$8.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.89K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.32K	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.38K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.51K	USD	3 Qtrs
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$40.39K	USD	3 Qtrs
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-48.00	USD	1 Quarter
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-30.82K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$2.40K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$2.79K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-11.76K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$13.73M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$771.82K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$395.46K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$442.62K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$-35.19K	USD	3 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$137.98K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$81.28K	USD	3 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$22.70K	USD	1 Quarter
Net Comprehensive Loss	`NetComprehensiveLoss`	$-304.64K	USD	1 Quarter
Net Comprehensive Loss	`NetComprehensiveLoss`	$-13.65M	USD	3 Qtrs
Net Comprehensive Loss	`NetComprehensiveLoss`	$-807.02K	USD	3 Qtrs
Net Comprehensive Loss	`NetComprehensiveLoss`	$-372.77K	USD	1 Quarter
Basic and diluted	`BasicAndDilutedLossPerCommonShare`	-	USD	1 Quarter
Basic and diluted	`BasicAndDilutedLossPerCommonShare`	-	USD	1 Quarter
Basic and diluted	`BasicAndDilutedLossPerCommonShare`	-	USD	3 Qtrs
Basic and diluted	`BasicAndDilutedLossPerCommonShare`	$-0.04	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	362.82M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	377.54M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	360.95M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	384.01M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`ProfitLoss`	$-199.90K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-395.46K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-13.73M	USD	3 Qtrs
Net Income (loss)	`ProfitLoss`	$-176.46K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-12.85M	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-442.62K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-771.82K	USD	3 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$12.38M	USD	3 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$30.75K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$611.00	USD	3 Qtrs
Depreciation expense	`Depreciation`	$254.00	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$735.10K	USD	3 Qtrs
Amortization of discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$13.94K	USD	3 Qtrs
Loss on Settlement of Debt	`LossOnSettlementOfDebt`	$40.39K	USD	3 Qtrs
Loss on Settlement of Debt	`LossOnSettlementOfDebt`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$225.06K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$167.16K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$17.06K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$15.51K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	-	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	-	USD	3 Qtrs
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$-1.92K	USD	3 Qtrs
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$-2.09K	USD	3 Qtrs
Pre-Payments	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Pre-Payments	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$472.73K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$312.05K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.95K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.46K	USD	3 Qtrs
Cash paid for purchase of fixed assets	`CashPaidForPurchaseOfFixedAssets`	-	USD	3 Qtrs
Cash paid for purchase of fixed assets	`CashPaidForPurchaseOfFixedAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$46.92K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Due to Affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	3 Qtrs
Due to Affiliates	`IncreaseDecreaseDueFromAffiliates`	$51.69K	USD	3 Qtrs
Issuance of short term note payable, net of OID	`IssuanceOfShortTermNotePayable`	-	USD	3 Qtrs
Issuance of short term note payable, net of OID	`IssuanceOfShortTermNotePayable`	-	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.69K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.92K	USD	3 Qtrs
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.11K	USD	3 Qtrs
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.09K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.64K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-456.00	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.50K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.50K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Settlement of Debt for Common Stock	`DebtDiscount`	$24.82K	USD	3 Qtrs
Settlement of Debt for Common Stock	`DebtDiscount`	-	USD	3 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance, March 31, 2022	`StockholdersEquity`	$2.04M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$-4.41M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$3.26M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$2.35M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$-4.29M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$-4.75M	USD	Point-in-time
Balance, March 31, 2022	`StockholdersEquity`	$2.83M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.57K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.70K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-74.45K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.25K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$137.98K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-47.46K	USD	1 Quarter
Net loss	`ProfitLoss`	$-199.90K	USD	1 Quarter
Net loss	`ProfitLoss`	$-395.46K	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.73M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-176.46K	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.85M	USD	1 Quarter
Net loss	`ProfitLoss`	$-442.62K	USD	1 Quarter
Net loss	`ProfitLoss`	$-771.82K	USD	3 Qtrs
Settlement of Notes	`SettlementOfNotes1`	$65.21K	USD	1 Quarter
Stock-based compensation expense	`StockGrantedDuringPeriodValueSharebasedCompensation`	$12.38M	USD	1 Quarter
Stock-based compensation expense	`StockGrantedDuringPeriodValueSharebasedCompensation`	$30.75K	USD	1 Quarter
Balance, June 30, 2022	`StockholdersEquity`	$2.04M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$-4.41M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$3.26M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$2.35M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$-4.29M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$-4.75M	USD	Point-in-time
Balance, June 30, 2022	`StockholdersEquity`	$2.83M	USD	Point-in-time
Shares issued in connection with the sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$46.92K	USD	1 Quarter

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