2021 Form 10-K Financial Statement
#000173112222000544 Filed on March 25, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $180.0K | $45.00K | $180.0K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | $180.0K | ||
| YoY Change | |||
| Gross Profit Margin | 100.0% | ||
| Selling, General & Admin | $3.256M | $948.2K | $2.353M |
| YoY Change | 38.37% | 23.43% | -98.16% |
| % of Gross Profit | 1808.62% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | $0.00 | $46.36K |
| YoY Change | -100.0% | -100.0% | -90.04% |
| % of Gross Profit | 0.0% | ||
| Operating Expenses | $3.256M | $948.2K | $2.353M |
| YoY Change | 38.37% | 23.43% | -98.16% |
| Operating Profit | -$18.48M | ||
| YoY Change | |||
| Interest Expense | -$4.175M | -$3.062M | -$9.777M |
| YoY Change | -57.3% | -114.76% | -16.65% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $2.498M | ||
| YoY Change | |||
| Pretax Income | -$33.93M | -$4.065M | -$18.98M |
| YoY Change | 78.77% | -85.07% | -89.84% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$33.93M | -$4.065M | -$17.99M |
| YoY Change | 88.56% | -85.14% | -90.35% |
| Net Earnings / Revenue | -18850.24% | -9034.2% | -9997.16% |
| Basic Earnings Per Share | -$1.70 | ||
| Diluted Earnings Per Share | -$1.697M | -$861.5K | -$5.624M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 19.99M shares | ||
| Diluted Shares Outstanding | 19.99M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $268.1K | $1.165M | $1.165M |
| YoY Change | -76.98% | 9.9% | 9.9% |
| Cash & Equivalents | $113.0K | ||
| Short-Term Investments | $0.00 | $649.0K | $649.0K |
| Other Short-Term Assets | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $4.018M | $1.165M | $1.165M |
| YoY Change | 245.02% | -8.04% | -8.04% |
| 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 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.018M | $1.165M | $1.165M |
| Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
| Total Assets | $4.018M | $1.165M | $1.165M |
| YoY Change | 245.02% | -77.89% | -77.89% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.110M | $1.046M | $1.046M |
| YoY Change | 6.15% | -42.37% | -42.37% |
| Accrued Expenses | $9.876M | $5.966M | |
| YoY Change | 65.54% | 45.87% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $2.742M | $0.00 |
| YoY Change | -53.71% | ||
| Long-Term Debt Due | $10.98M | $13.43M | $16.17M |
| YoY Change | -32.1% | 126.8% | 172.95% |
| Total Short-Term Liabilities | $32.41M | $28.87M | $28.87M |
| YoY Change | 12.23% | 122.47% | 122.47% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $373.4K | $148.3K | $148.3K |
| YoY Change | 151.85% | -98.65% | -98.65% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $373.4K | $148.3K | $148.3K |
| YoY Change | 151.85% | -98.65% | -98.65% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $32.41M | $28.87M | $28.87M |
| Total Long-Term Liabilities | $373.4K | $148.3K | $148.3K |
| Total Liabilities | $32.78M | $29.02M | $29.02M |
| YoY Change | 12.95% | 21.03% | 21.03% |
| 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 | -$28.76M | -$27.86M | -$27.86M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.018M | $1.165M | $1.165M |
| YoY Change | 245.02% | -77.89% | -77.89% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
|
USD | |
| CY2021 | gtch |
Loss On Exchange Of Assets
LossOnExchangeOfAssets
|
USD | |
| CY2021Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
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|
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| CY2021 | us-gaap |
Marketable Securities Gain Loss
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|
USD | |
| CY2021 | gtch |
Loss On Exchange Of Assets
LossOnExchangeOfAssets
|
USD | |
| CY2020 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
USD | |
| CY2020 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
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|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
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|
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| CY2021 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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|
USD | |
| CY2021 | us-gaap |
Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
|
USD | |
| CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
USD | |
| CY2021 | us-gaap |
Depreciation
Depreciation
|
USD | |
| CY2020 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | |
| CY2021 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
USD | |
| CY2021 | gtch |
Convertible Note Receivable Exchanged For Services
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|
USD | |
| CY2020 | gtch |
Payment Of Other Income With Marketable Securities
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|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
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|
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| CY2020 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
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|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
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|
USD | |
| CY2020 | us-gaap |
Repayments Of Convertible Debt
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|
USD | |
| CY2020 | us-gaap |
Interest Paid
InterestPaid
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid
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|
USD | |
| CY2020 | gtch |
Transfer Of Marketable Equity Security To Repay Convertible Note
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|
USD | |
| CY2020 | gtch |
Transfer Of Accounts Payable To Convertible Note
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|
USD | |
| CY2020 | gtch |
Transfer Of Accrued Interest To Convertible Note
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|
USD | |
| CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
USD | |
| CY2021Q4 | gtch |
Unamortized Debt Discount At Convertible Note Payable
UnamortizedDebtDiscountAtConvertibleNotePayable
|
USD | |
| CY2020Q4 | gtch |
Unamortized Debt Discount At Convertible Note Payable
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|
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| CY2021Q4 | gtch |
Convertible Notes Payable Related Parties
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|
USD | |
| CY2020Q4 | gtch |
Convertible Notes Payable Related Parties
ConvertibleNotesPayableRelatedParties
|
USD | |
| CY2021Q4 | gtch |
Long Term Note Payable Related Parties
LongTermNotePayableRelatedParties
|
USD | |
| CY2020Q4 | gtch |
Long Term Note Payable Related Parties
LongTermNotePayableRelatedParties
|
USD | |
| CY2019Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
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| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
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|
shares | |
| CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
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|
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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|
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Deferred Tax Assets Net
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|
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| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
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|
USD | |
| CY2021 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
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|
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| CY2020 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
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