2021 Q3 Form 10-Q Financial Statement
#000149315221029574 Filed on November 22, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $153.5K | $1.306M |
| YoY Change | -88.25% | |
| Cost Of Revenue | $346.1K | $1.124M |
| YoY Change | -69.2% | 725.9% |
| Gross Profit | -$192.6K | $182.5K |
| YoY Change | -205.54% | -234.12% |
| Gross Profit Margin | -125.48% | 13.97% |
| Selling, General & Admin | $415.1K | $357.3K |
| YoY Change | 16.2% | -42.45% |
| % of Gross Profit | 195.77% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $23.49K | $43.44K |
| YoY Change | -45.93% | 100.65% |
| % of Gross Profit | 23.81% | |
| Operating Expenses | $415.1K | $357.2K |
| YoY Change | 16.2% | -42.45% |
| Operating Profit | -$607.7K | -$174.8K |
| YoY Change | 247.74% | -76.91% |
| Interest Expense | -$374.4K | -$7.547M |
| YoY Change | -95.04% | 245.36% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$374.4K | |
| YoY Change | ||
| Pretax Income | -$982.1K | -$7.690M |
| YoY Change | -87.23% | 163.68% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$981.8K | -$7.690M |
| YoY Change | -87.23% | 163.68% |
| Net Earnings / Revenue | -639.72% | -588.71% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$1.784K | -$15.40K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 550.3M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $37.32K | $165.8K |
| YoY Change | -77.5% | -64.52% |
| Cash & Equivalents | $37.32K | $165.8K |
| Short-Term Investments | ||
| Other Short-Term Assets | $114.3K | $25.00K |
| YoY Change | 357.28% | -93.73% |
| Inventory | $410.7K | $410.7K |
| Prepaid Expenses | ||
| Receivables | $285.6K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $847.9K | $601.6K |
| YoY Change | 40.96% | -51.01% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.847M | $1.964M |
| YoY Change | -5.97% | -4.95% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $84.95K | $170.0K |
| YoY Change | -50.01% | |
| Other Assets | $7.460K | $7.460K |
| YoY Change | 0.0% | -95.34% |
| Total Long-Term Assets | $2.189M | $2.141M |
| YoY Change | 2.23% | -77.91% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $847.9K | $601.6K |
| Total Long-Term Assets | $2.189M | $2.141M |
| Total Assets | $3.037M | $2.743M |
| YoY Change | 10.72% | -74.89% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $817.8K | $1.045M |
| YoY Change | -21.71% | 32.79% |
| Accrued Expenses | $986.1K | $745.6K |
| YoY Change | 32.25% | 137.07% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $2.207M | $1.227M |
| YoY Change | 79.86% | 142.96% |
| Total Short-Term Liabilities | $4.786M | $13.62M |
| YoY Change | -64.87% | 262.01% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.468M | $2.110M |
| YoY Change | 17.0% | -29.98% |
| Other Long-Term Liabilities | $0.00 | $108.2K |
| YoY Change | -100.0% | -55.24% |
| Total Long-Term Liabilities | $2.468M | $2.218M |
| YoY Change | 11.29% | -31.86% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.786M | $13.62M |
| Total Long-Term Liabilities | $2.468M | $2.218M |
| Total Liabilities | $7.247M | $15.84M |
| YoY Change | -54.25% | 125.73% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$4.210M | -$13.10M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.037M | $2.743M |
| YoY Change | 10.72% | -74.89% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$981.8K | -$7.690M |
| YoY Change | -87.23% | 163.68% |
| Depreciation, Depletion And Amortization | $23.49K | $43.44K |
| YoY Change | -45.93% | 100.65% |
| Cash From Operating Activities | -$191.4K | -$358.8K |
| YoY Change | -46.64% | -64.96% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$5.640K | -$25.47K |
| YoY Change | -77.86% | -352.68% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $70.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$5.570K | -$25.47K |
| YoY Change | -78.13% | -352.68% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 46.15K | 449.1K |
| YoY Change | -89.72% | -68.66% |
| NET CHANGE | ||
| Cash From Operating Activities | -191.4K | -358.8K |
| Cash From Investing Activities | -5.570K | -25.47K |
| Cash From Financing Activities | 46.15K | 449.1K |
| Net Change In Cash | -150.8K | 64.83K |
| YoY Change | -332.67% | -84.52% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$191.4K | -$358.8K |
| Capital Expenditures | -$5.640K | -$25.47K |
| Free Cash Flow | -$185.8K | -$333.3K |
| YoY Change | -44.26% | -67.77% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
USD | |
| CY2021Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
USD | |
| CY2021Q3 | GPFT |
Legal Settlements Non Current
LegalSettlementsNonCurrent
|
USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | ||
| CY2020Q3 | GPFT |
Stock Option Expenses
StockOptionExpenses
|
USD | |
| GPFT |
Stock Option Expenses
StockOptionExpenses
|
USD | ||
| CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q3 | GPFT |
Gain Loss On Extinguishment Of Debt Related Parties
GainLossOnExtinguishmentOfDebtRelatedParties
|
USD | |
| CY2020Q3 | GPFT |
Gain Loss On Extinguishment Of Debt Related Parties
GainLossOnExtinguishmentOfDebtRelatedParties
|
USD | |
| GPFT |
Gain Loss On Extinguishment Of Debt Related Parties
GainLossOnExtinguishmentOfDebtRelatedParties
|
USD | ||
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2020Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | ||
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | ||
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | ||
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
USD | ||
| GPFT |
Noncash Interests
NoncashInterests
|
USD | ||
| GPFT |
Loss On Extinguisment Of Debt Related Parties
LossOnExtinguismentOfDebtRelatedParties
|
USD | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
USD | ||
| us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
USD | ||
| us-gaap |
Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
USD | ||
| GPFT |
Increase Decrease In Right Of Use Assts
IncreaseDecreaseInRightOfUseAssts
|
USD | ||
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
USD | ||
| us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
USD | ||
| GPFT |
Repayment Of Legal Liability
RepaymentOfLegalLiability
|
USD | ||
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
USD | ||
| GPFT |
Repayment Of Loan Principal
RepaymentOfLoanPrincipal
|
USD | ||
| us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | ||
| us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
USD | ||
| us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | ||
| GPFT |
Shares Issued For Legal Settlement
SharesIssuedForLegalSettlement
|
USD | ||
| GPFT |
Shares Issued For Debt Settlement With Related Parties
SharesIssuedForDebtSettlementWithRelatedParties
|
USD | ||
| GPFT |
Shares Issued For Compensation
SharesIssuedForCompensation
|
USD | ||
| GPFT |
Shares Issued For Settlement Of Debt
SharesIssuedForSettlementOfDebt
|
USD | ||
| GPFT |
Stock Issued For Acquisition Value
StockIssuedForAcquisitionValue
|
USD | ||
| CY2020Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | |
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q4 | GPFT |
Furniture And Equipment
FurnitureAndEquipment
|
USD | |
| CY2021Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
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|
USD | |
| CY2021Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
USD | |
| CY2021Q3 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
shares | ||
| us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
|
USD | ||
| GPFT |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Reclassification To Equity
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationReclassificationToEquity
|
USD | ||
| GPFT |
Reclassification Of Derivative Liabilities
ReclassificationOfDerivativeLiabilities
|
USD | ||
| CY2021Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
USD | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
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|
shares | ||
| CY2020 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
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|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
USD | |
| CY2021Q3 | GPFT |
Lessee Operating Lease Liability Payments Due After Year Four
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|
USD | |
| CY2021Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
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