10-K Filing

GRAPHENE & SOLAR TECHNOLOGIES LTD CIK: 1497649 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001903596-24-000016`
Period End Date	20230930
Filing Date	20240116
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	gstx_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
[custom:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipments-0]	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipments`	$77.06K	USD	Point-in-time
Debt Instrument, Unamortized Discount, Current	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Debt Instrument, Unamortized Discount, Current	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Cash	`Cash`	$1.09K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$2.86K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.11K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.18K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.20K	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.04K	USD	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture and equipment, net of depreciation $77,056	`PropertyPlantAndEquipmentNet`	$1.27K	USD	Point-in-time
Furniture and equipment, net of depreciation $77,056	`PropertyPlantAndEquipmentNet`	$937.00	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	-	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Intellectual property at cost, net	`IntellectualPropertyAtCost`	$1.00	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
Other intangible assets at cost	`OtherFiniteLivedIntangibleAssetsGross`	$975.00	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	421.29M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	374.31M	shares	Point-in-time
Other receivable	`OtherReceivables`	$4.01K	USD	Point-in-time
Common stock, Outstanding	`CommonStockSharesOutstanding`	421.29M	shares	Point-in-time
Common stock, Outstanding	`CommonStockSharesOutstanding`	374.31M	shares	Point-in-time
Other receivable	`OtherReceivables`	$2.09K	USD	Point-in-time
Total Assets	`Assets`	$18.13K	USD	Point-in-time
Total Assets	`Assets`	$18.38K	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.38M	USD	Point-in-time
Accounts payable and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.59M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$184.85K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$161.60K	USD	Point-in-time
Due to related party	`OtherLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Due to related party	`OtherLiabilitiesCurrent`	$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 $0, and $100,747 in default	`ConvertibleNotesPayableCurrent`	$100.75K	USD	Point-in-time
Convertible notes payable, net of discount $0 and $0, 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`	$71.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.00M	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`	$5.00M	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; 421,292,610 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; 421,292,610 and 374,305,480 shares issued and outstanding	`CommonStockValue`	$4.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.53M	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`	$-68.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$302.98K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$290.56K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-4.98M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$3.26M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$18.38K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$18.13K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$1.10M	USD	Annual
Professional fees	`ProfessionalFees`	$13.91M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$1.11M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$176.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.27M	USD	Annual
Total operating expenses	`OperatingExpenses`	$15.02M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-15.02M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.27M	USD	Annual
Other income	`OtherNonoperatingIncome`	$24.98K	USD	Annual
Other income	`OtherNonoperatingIncome`	$31.45K	USD	Annual
Interest expense	`InterestExpense`	$23.25K	USD	Annual
Interest expense	`InterestExpense`	$35.26K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-192.65K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-40.16K	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	-	USD	Annual
Impairment of assets	`OperatingLeaseImpairmentLoss`	$5.79M	USD	Annual
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	Annual
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-31.96K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-1.31M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-21.02M	USD	Annual
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$182.66K	USD	Annual
Other Comprehensive Income	`OtherComprehensiveIncomeLossBeforeTax`	$12.41K	USD	Annual
Net Comprehensive Loss	`NetComprehensiveLoss`	$-1.29M	USD	Annual
Net Comprehensive Loss	`NetComprehensiveLoss`	$-20.84M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.29M	USD	Annual
Net Loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.84M	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	$-0.06	USD	Annual
Basic and diluted loss per common share	`BasicAndDilutedLossPerCommonShare`	-	USD	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	387.15M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	363.20M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$-1.31M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-21.02M	USD	Annual
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$291.60K	USD	Annual
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$13.21M	USD	Annual
Depreciation expense	`Depreciation`	$829.00	USD	Annual
Depreciation expense	`Depreciation`	$338.00	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	-	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$982.82K	USD	Annual
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$13.94K	USD	Annual
Amortization of discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Loss on Settlement of Debt	`LossOnSettlementOfDebt`	$192.65K	USD	Annual
Loss on Settlement of Debt	`LossOnSettlementOfDebt`	$40.16K	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$5.79M	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$227.01K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$238.55K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$21.32K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$23.25K	USD	Annual
Other Receivables	`ProceedsFromSaleOfOtherReceivables`	$2.09K	USD	Annual
Other Receivables	`ProceedsFromSaleOfOtherReceivables`	$1.92K	USD	Annual
Pre-Payments	`IncreaseDecreaseInPrepaidExpense`	$6.40K	USD	Annual
Pre-Payments	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$652.45K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$518.54K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.82K	USD	Annual
Cash paid for purchase of fixed assets	`CashPaidForPurchaseOfFixedAssets`	-	USD	Annual
Cash paid for purchase of fixed assets	`CashPaidForPurchaseOfFixedAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$46.92K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Due to Affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	Annual
Due to Affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	Annual
Issuance of short term note payable, net of OID	`IssuanceOfShortTermNotePayable`	$71.71K	USD	Annual
Issuance of short term note payable, net of OID	`IssuanceOfShortTermNotePayable`	-	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.92K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.71K	USD	Annual
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.97K	USD	Annual
Effect of currency translations to cash flow	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.30K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.76K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-871.00	USD	Annual
Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.09K	USD	Point-in-time
Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.86K	USD	Point-in-time
End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.73K	USD	Point-in-time
End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.09K	USD	Point-in-time
End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.86K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Settlement of Debt for Common Stock	`DebtDiscount`	$82.35K	USD	Annual
Settlement of Debt for Common Stock	`DebtDiscount`	$25.05K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$46.92K	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$13.21M	USD	Annual
Stock-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$291.60K	USD	Annual
Settlement of notes	`SettlementOfNotes1`	$65.21K	USD	Annual
Settlement of notes	`SettlementOfNotes1`	$275.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$182.66K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.41K	USD	Annual
Other comprehensive income, net of tax	`OtherComprehensiveIncomeNetOfTax`	$-1.31M	USD	Annual
Other comprehensive income, net of tax	`OtherComprehensiveIncomeNetOfTax`	$-21.02M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-4.04M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.26M	USD	Point-in-time

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