2023 Q4 Form 10-Q Financial Statement

#000095017023059367 Filed on November 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.183M $3.300M
YoY Change 15.54% 5.5%
% of Gross Profit
Research & Development $2.768M $2.551M
YoY Change -74.3% -75.69%
% of Gross Profit
Depreciation & Amortization $23.00K $211.0K
YoY Change 9.52% 3416.67%
% of Gross Profit
Operating Expenses $5.951M $8.583M
YoY Change -56.0% -36.99%
Operating Profit -$8.583M
YoY Change -36.99%
Interest Expense $132.0K $450.0K
YoY Change -124.26% -516.67%
% of Operating Profit
Other Income/Expense, Net $447.0K
YoY Change -513.89%
Pretax Income -$6.475M -$8.140M
YoY Change -53.98% -40.71%
Income Tax
% Of Pretax Income
Net Earnings -$6.475M -$8.136M
YoY Change -53.98% -40.74%
Net Earnings / Revenue
Basic Earnings Per Share -$0.30
Diluted Earnings Per Share -$0.24 -$0.30
COMMON SHARES
Basic Shares Outstanding 27.11M 27.11M
Diluted Shares Outstanding 27.10M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.15M $44.20M
YoY Change -44.95% -36.02%
Cash & Equivalents $21.47M $23.08M
Short-Term Investments $11.69M $21.10M
Other Short-Term Assets $859.0K $200.0K
YoY Change 0.23% -31.27%
Inventory
Prepaid Expenses
Receivables $1.046M $1.400M
Other Receivables $1.718M $1.200M
Total Short-Term Assets $36.77M $47.10M
YoY Change -42.45% -33.85%
LONG-TERM ASSETS
Property, Plant & Equipment $325.0K $125.0K
YoY Change -8.96% -63.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $1.128M $2.417M
YoY Change -50.5% -13.89%
Total Long-Term Assets $1.453M $2.949M
YoY Change -84.36% -72.76%
TOTAL ASSETS
Total Short-Term Assets $36.77M $47.10M
Total Long-Term Assets $1.453M $2.949M
Total Assets $38.23M $50.05M
YoY Change -47.77% -38.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.702M $4.477M
YoY Change -49.19% 134.77%
Accrued Expenses $2.904M $8.078M
YoY Change -62.56% 16.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.830M $12.60M
YoY Change -47.48% 41.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $66.00K $100.0K
YoY Change -79.88% -77.27%
Total Long-Term Liabilities $66.00K $100.0K
YoY Change -79.88% -77.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.830M $12.60M
Total Long-Term Liabilities $66.00K $100.0K
Total Liabilities $5.896M $12.67M
YoY Change -48.44% 36.23%
SHAREHOLDERS EQUITY
Retained Earnings -$256.1M -$249.6M
YoY Change 17.64% 22.53%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.33M $37.38M
YoY Change
Total Liabilities & Shareholders Equity $38.23M $50.05M
YoY Change -47.77% -38.98%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$6.475M -$8.136M
YoY Change -53.98% -40.74%
Depreciation, Depletion And Amortization $23.00K $211.0K
YoY Change 9.52% 3416.67%
Cash From Operating Activities -$11.47M -$8.460M
YoY Change 0.23% -14.09%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $9.580M $8.280M
YoY Change -33.34% -2.01%
Cash From Investing Activities $9.580M $8.280M
YoY Change -33.15% -0.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000K 170.0K
YoY Change -106.15% -59.91%
NET CHANGE
Cash From Operating Activities -11.47M -8.460M
Cash From Investing Activities 9.580M 8.280M
Cash From Financing Activities -4.000K 170.0K
Net Change In Cash -1.894M -10.00K
YoY Change -164.27% -99.1%
FREE CASH FLOW
Cash From Operating Activities -$11.47M -$8.460M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$11.47M -$8.460M
YoY Change -0.13% -12.86%

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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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147000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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glto Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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glto Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled Intrinsic Value
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
glto Employees Retention Bonus Payable
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CY2023Q3 us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.88

Files In Submission

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glto-20230930_lab.xml Edgar Link unprocessable
glto-20230930_pre.xml Edgar Link unprocessable
glto-20230930_cal.xml Edgar Link unprocessable
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0000950170-23-059367-index.html Edgar Link pending
0000950170-23-059367.txt Edgar Link pending
0000950170-23-059367-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
glto-20230930.htm Edgar Link pending
glto-20230930.xsd Edgar Link pending
glto-ex10_1.htm Edgar Link pending
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glto-20230930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
glto-20230930_htm.xml Edgar Link completed
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