2025 Q1 Form 10-K Financial Statement
#000168316825000206 Filed on January 10, 2025
Income Statement
Concept | 2025 Q1 | 2024 Q4 | 2024 |
---|---|---|---|
Revenue | $52.80K | ||
YoY Change | -38.75% | ||
Cost Of Revenue | $9.500K | ||
YoY Change | -59.57% | ||
Gross Profit | $43.30K | ||
YoY Change | -30.94% | ||
Gross Profit Margin | 82.01% | ||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $75.86K | ||
YoY Change | 26.67% | ||
Operating Profit | -$32.56K | ||
YoY Change | -1256.55% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$32.56K | ||
YoY Change | -1256.55% | ||
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$32.56K | ||
YoY Change | -1471.98% | ||
Net Earnings / Revenue | -61.66% | ||
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 12.00M shares | 9.083M shares | |
Diluted Shares Outstanding | 9.083M shares |
Balance Sheet
Concept | 2025 Q1 | 2024 Q4 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $107.5K | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $116.9K | ||
YoY Change | 381.56% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | ||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $116.9K | ||
Total Long-Term Assets | $0.00 | ||
Total Assets | $116.9K | ||
YoY Change | 381.56% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $386.00 | ||
YoY Change | -91.6% | ||
Accrued Expenses | $0.00 | ||
YoY Change | -100.0% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $7.545K | ||
YoY Change | -66.31% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.545K | ||
Total Long-Term Liabilities | |||
Total Liabilities | $7.545K | ||
YoY Change | -66.31% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$31.18K | ||
YoY Change | -2371.23% | ||
Common Stock | $1.200K | ||
YoY Change | 140.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $109.3K | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $116.9K | ||
YoY Change | 381.56% |
Cashflow Statement
Concept | 2025 Q1 | 2024 Q4 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$32.56K | ||
YoY Change | -1471.98% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$54.57K | ||
YoY Change | -352.63% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $140.0K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $140.0K | ||
YoY Change | 27900.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -$54.57K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | $140.0K | ||
Net Change In Cash | $85.44K | ||
YoY Change | 286.6% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$54.57K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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FY | |
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2024 | |
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Accounts Receivable Net
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Document Type
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10-K | |
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Document Period End Date
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2024-10-31 | |
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000-56709 | |
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Entity Registrant Name
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GMTECH INC. | |
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Entity Incorporation State Country Code
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WY | |
CY2024 | dei |
Entity Tax Identification Number
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93-3955846 | |
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45 Rockefeller Plaza | |
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New York | |
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NY | |
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Entity Address Postal Zip Code
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10111 | |
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646 | |
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508-0022 | |
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No | |
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Entity Voluntary Filers
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Entity Current Reporting Status
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12000000 | shares |
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Auditor Firm
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6968 | |
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Auditor Name
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Barton CPA PLLC | |
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Auditor Location
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Cypress, Texas | |
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Deposits Assets Current
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2168 | usd |
CY2024Q4 | GMTH |
Operating Lease Right Of Use Asset Current
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Operating Lease Right Of Use Asset Current
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Assets Current
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Assets Current
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24267 | usd |
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Assets
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116861 | usd |
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Assets
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24267 | usd |
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Accounts Payable Current
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386 | usd |
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Liabilities
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Liabilities
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22394 | usd |
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Common Stock Par Or Stated Value Per Share
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0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
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0.0001 | |
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Common Stock Shares Authorized
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500000000 | shares |
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Common Stock Shares Authorized
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500000000 | shares |
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Common Stock Value
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Stockholders Equity
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Liabilities And Stockholders Equity
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Revenues
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Cost Of Revenue
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Gross Profit
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|
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Gross Profit
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Marketing And Advertising Expense
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Marketing And Advertising Expense
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General And Administrative Expense
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Operating Expenses
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Net Income Loss
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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Earnings Per Share Basic
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|
0.00 | |
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Earnings Per Share Diluted
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|
0.00 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9083333 | shares |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
9083333 | shares |
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Diluted Shares Outstanding
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5000000 | shares |
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Stockholders Equity
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Stockholders Equity
StockholdersEquity
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Stockholders Equity
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Net Income Loss
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Increase Decrease In Accrued Liabilities
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Increase Decrease In Operating Lease Liability
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Increase Decrease In Operating Lease Liability
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Increase Decrease In Deferred Revenue
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Increase Decrease In Deferred Revenue
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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21599 | usd |
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Proceeds From Issuance Of Common Stock
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140000 | usd |
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Proceeds From Issuance Of Common Stock
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Net Cash Provided By Used In Financing Activities
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140000 | usd |
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Net Cash Provided By Used In Financing Activities
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85435 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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22099 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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22099 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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|
107534 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
22099 | usd |
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Interest Paid Net
InterestPaidNet
|
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Interest Paid Net
InterestPaidNet
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0 | usd |
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Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
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149 | usd |
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Use Of Estimates
UseOfEstimates
|
<p id="xdx_840_eus-gaap--UseOfEstimates_zdE7CHQBWkoe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86C_zq2iAeLzSj7">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2024Q4 | us-gaap |
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AllowanceForDoubtfulAccountsReceivable
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0 | usd |
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Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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0 | usd |
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Contract With Customer Liability
ContractWithCustomerLiability
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Contract With Customer Liability
ContractWithCustomerLiability
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Contract With Customer Asset Net
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Contract With Customer Liability
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CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
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14800 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
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Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p id="xdx_843_eus-gaap--RevenueRecognitionDeferredRevenue_z4AAT9YyPelk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_869_z88PAkI6DAr">Deferred Revenue</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred revenue consists of payments made in advance of services provided to customers. The deferred revenue balances as of October 31, 2024, October 31, 2023 and October 31, 2022 are $<span id="xdx_904_eus-gaap--DeferredRevenueCurrent_iI_c20241031_zCkHygdtK0rf">0</span>, $<span id="xdx_900_eus-gaap--DeferredRevenueCurrent_iI_c20231031_zdJ6OhmC6To8">14,800 </span>and $<span id="xdx_905_eus-gaap--DeferredRevenueCurrent_iI_c20221031_zunjrWL5I45l">0</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2024Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
14800 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
0 | usd |
CY2024Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
12000000 | shares |
CY2024Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
12000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5000000 | shares |
CY2024Q4 | GMTH |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
7159 | usd |
CY2024Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
7159 | usd |
CY2024Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | usd |
CY2024 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
17412 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | usd |
CY2024 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
22238 | usd |
CY2024 | us-gaap |
Lease Cost
LeaseCost
|
17412 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
22238 | usd |
CY2024 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
17412 | usd |
CY2023 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
0 | usd |
CY2024Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y5M1D | |
CY2024Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0549 | pure |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0 | pure |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
7225 | usd |
CY2024Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
7225 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-32557 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2815 | usd |
CY2024 | GMTH |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate1
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate1
|
-6837 | usd |
CY2023 | GMTH |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate1
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate1
|
591 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
6837 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
0 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
0 | usd |
CY2024 | GMTH |
Income Tax Expense Benefit1
IncomeTaxExpenseBenefit1
|
0 | usd |
CY2023 | GMTH |
Income Tax Expense Benefit1
IncomeTaxExpenseBenefit1
|
591 | usd |
CY2024Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
32557 | usd |
CY2024Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6837 | usd |
CY2024Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
32557 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
0 | usd |
CY2024 | GMTH |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
|
0.210 | pure |
CY2023 | GMTH |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
|
0.210 | pure |
CY2024Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6837 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
0 | usd |
CY2024Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6837 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
-0 | usd |
CY2024Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
CY2024Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Document Transition Report
DocumentTransitionReport
|
false |