2022 Q4 Form 10-Q Financial Statement
#000173112222001969 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
Revenue | $336.1K | $246.5K | $45.00K |
YoY Change | 646.91% | 447.77% | 0.0% |
Cost Of Revenue | $287.8K | $141.5K | |
YoY Change | |||
Gross Profit | $48.36K | $105.0K | |
YoY Change | 133.22% | ||
Gross Profit Margin | 14.39% | 42.58% | |
Selling, General & Admin | $661.9K | $255.3K | $808.7K |
YoY Change | -18.15% | -71.83% | -14.71% |
% of Gross Profit | 1368.65% | 243.27% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $611.9K | $633.5K | $808.7K |
YoY Change | -24.33% | -30.1% | -14.71% |
Operating Profit | -$563.5K | -$528.6K | |
YoY Change | -38.64% | ||
Interest Expense | $3.460M | $261.9K | -$1.860M |
YoY Change | -286.01% | 221.46% | -39.26% |
% of Operating Profit | |||
Other Income/Expense, Net | $172.1K | $2.299M | $1.548M |
YoY Change | -88.88% | 556.87% | |
Pretax Income | $3.068M | $1.770M | -$1.076M |
YoY Change | -385.09% | -511.8% | -73.53% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | $3.068M | $1.770M | -$1.076M |
YoY Change | -385.09% | -511.8% | -73.53% |
Net Earnings / Revenue | 912.88% | 718.26% | -2391.64% |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | $0.00 | -$35.41K |
COMMON SHARES | |||
Basic Shares Outstanding | 1.207B shares | 1.108B shares | |
Diluted Shares Outstanding | 5.198B shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $122.8K | $130.9K | $268.1K |
YoY Change | -54.17% | -76.82% | -76.98% |
Cash & Equivalents | $93.58K | $89.96K | $155.1K |
Short-Term Investments | $16.20K | $40.94K | $0.00 |
Other Short-Term Assets | $125.4K | $127.2K | |
YoY Change | |||
Inventory | $11.57K | $7.158K | |
Prepaid Expenses | |||
Receivables | $25.24K | $19.23K | |
Other Receivables | $198.5K | $224.9K | |
Total Short-Term Assets | $370.6K | $861.4K | $4.018M |
YoY Change | -90.78% | -51.19% | 245.02% |
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% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $370.6K | $861.4K | $4.018M |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $370.6K | $861.4K | $4.018M |
YoY Change | -90.78% | -70.94% | 245.02% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.531M | $1.089M | $1.110M |
YoY Change | 37.89% | -13.29% | 6.15% |
Accrued Expenses | $1.513M | $660.7K | $9.876M |
YoY Change | -84.68% | -90.01% | |
Deferred Revenue | $41.44K | $43.94K | $0.00 |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $6.695M | $6.845M | $10.98M |
YoY Change | -39.01% | 112.4% | -18.23% |
Total Short-Term Liabilities | $18.89M | $22.92M | $32.41M |
YoY Change | -41.7% | -2.35% | 12.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $308.9K | $311.8K | $373.4K |
YoY Change | -17.28% | -96.29% | 151.85% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $308.9K | $311.8K | $373.4K |
YoY Change | -17.28% | -96.29% | 151.85% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.89M | $22.92M | $32.41M |
Total Long-Term Liabilities | $308.9K | $311.8K | $373.4K |
Total Liabilities | $19.20M | $23.23M | $32.78M |
YoY Change | -41.42% | -27.12% | 12.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$299.3M | -$302.3M | -$304.6M |
YoY Change | -1.75% | ||
Common Stock | $15.36K | $11.84K | $332.00 |
YoY Change | 4525.3% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $643.1K | $643.1K | $643.1K |
YoY Change | 0.0% | ||
Treasury Stock Shares | 21.00 shares | 21.00 shares | |
Shareholders Equity | -$18.83M | -$22.37M | -$28.76M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $370.6K | $861.4K | $4.018M |
YoY Change | -90.78% | -70.94% | 245.02% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.068M | $1.770M | -$1.076M |
YoY Change | -385.09% | -511.8% | -73.53% |
Depreciation, Depletion And Amortization | $0.00 | ||
YoY Change | |||
Cash From Operating Activities | -$471.7K | $98.08K | -$411.1K |
YoY Change | 14.74% | -949.18% | -8.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 53.01K | -37.18K | 179.5K |
YoY Change | -70.48% | -109.79% | -42.54% |
NET CHANGE | |||
Cash From Operating Activities | -471.7K | 98.08K | -411.1K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 53.01K | -37.18K | 179.5K |
Net Change In Cash | -418.7K | 60.90K | -231.6K |
YoY Change | 80.82% | -83.46% | 66.56% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$471.7K | $98.08K | -$411.1K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$411.1K | ||
YoY Change | -8.95% |
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GBT TECHNOLOGIES INC. | ||
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CY2022Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
311804 | usd |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
337603 | usd |
CY2022Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
311804 | usd |
CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
373400 | usd |
CY2022Q3 | us-gaap |
Liabilities
Liabilities
|
23229020 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
32780029 | usd |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2021Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
21 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
643059 | usd |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1183741469 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1183741469 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5133489 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5133489 | shares |
CY2022Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
11838 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
332 | usd |
CY2022Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
21 | shares |
CY2021Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
643059 | usd |
CY2022Q3 | gtch |
Stock Loan Receivable
StockLoanReceivable
|
-7610147 | usd |
CY2021Q4 | gtch |
Stock Loan Receivable
StockLoanReceivable
|
-7610147 | usd |
CY2022Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
288199959 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
284072666 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-302326206 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-304581773 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-22367615 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-28761981 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
861405 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4018048 | usd |
CY2022Q3 | gtch |
Sales
Sales
|
201495 | usd |
gtch |
Sales
Sales
|
771446 | usd | |
CY2022Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
45000 | usd |
CY2021Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
45000 | usd |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
90000 | usd | |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
135000 | usd | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
246495 | usd |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
45000 | usd |
us-gaap |
Revenues
Revenues
|
861446 | usd | |
us-gaap |
Revenues
Revenues
|
135000 | usd | |
CY2022Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
141545 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
530003 | usd | |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
104950 | usd |
CY2021Q3 | us-gaap |
Gross Profit
GrossProfit
|
45000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
331443 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
135000 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
167411 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
723706 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
538663 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1931963 | usd | |
CY2022Q3 | us-gaap |
Marketing Expense
MarketingExpense
|
87900 | usd |
CY2021Q3 | us-gaap |
Marketing Expense
MarketingExpense
|
182692 | usd |
us-gaap |
Marketing Expense
MarketingExpense
|
521200 | usd | |
us-gaap |
Marketing Expense
MarketingExpense
|
514906 | usd | |
CY2022Q3 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
378226 | usd |
us-gaap |
Acquisition Costs
AcquisitionCosts
|
1506418 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15400000 | usd | |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
633537 | usd |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
906398 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
2566281 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
17846869 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-528587 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-861398 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2234838 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-17711869 | usd | |
CY2022Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
54132 | usd |
CY2021Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
220095 | usd |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
362011 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
686732 | usd | |
CY2022Q3 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-354869 | usd |
CY2021Q3 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
627784 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
2795870 | usd | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-165402 | usd | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
261858 | usd |
CY2021Q3 | us-gaap |
Interest Expense
InterestExpense
|
326222 | usd |
us-gaap |
Interest Expense
InterestExpense
|
731251 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
1473712 | usd | |
us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
11000 | usd | |
us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
-13777480 | usd | |
CY2022Q3 | gtch |
Gain On Rjw Settlement
GainOnRjwSettlement
|
3012633 | usd |
gtch |
Gain On Rjw Settlement
GainOnRjwSettlement
|
3012633 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
50000 | usd | |
CY2022Q3 | gtch |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
50537 | usd |
gtch |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
290537 | usd | |
CY2022Q3 | gtch |
Licensing Income Related Party
LicensingIncomeRelatedParty
|
7814 | usd |
CY2021Q3 | gtch |
Licensing Income Related Party
LicensingIncomeRelatedParty
|
350000 | usd |
gtch |
Licensing Income Related Party
LicensingIncomeRelatedParty
|
15699 | usd | |
gtch |
Licensing Income Related Party
LicensingIncomeRelatedParty
|
950000 | usd | |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2299051 | usd |
CY2021Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
431467 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4490403 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-15142326 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1770464 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-429931 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2255565 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-32854195 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1770464 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-429931 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
2255565 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-32854195 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1770464 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-429931 | usd |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2255565 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-32854195 | usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1108371904 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26154579 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1426061998 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16522673 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5198401226 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26154579 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5516091320 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16522673 | shares | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.99 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.99 | ||
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-28761981 | usd |
CY2022Q1 | gtch |
Common Stock Issued For Conversion Of Convertible Debt And Accrued Interest
CommonStockIssuedForConversionOfConvertibleDebtAndAccruedInterest
|
35000 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
49504 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
68308 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
3926239 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24682930 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
1666861 | usd |
CY2022Q2 | gtch |
Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
|
1571238 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
163559 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-3441137 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24722409 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
270300 | usd |
CY2022Q3 | gtch |
Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
|
314029 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1770464 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-22367615 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-27858303 | usd |
CY2021Q1 | gtch |
Common Stock Issued For Conversion Of Convertible Debt And Accrued Interest
CommonStockIssuedForConversionOfConvertibleDebtAndAccruedInterest
|
3122848 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
281750 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
9207107 | usd |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-5375609 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20622207 | usd |
CY2021Q2 | gtch |
Common Stock Issued For Conversion Of Convertible Debt And Accrued Interest
CommonStockIssuedForConversionOfConvertibleDebtAndAccruedInterest
|
592705 | usd |
CY2021Q2 | gtch |
Common Stock Issued For Joint Venture
CommonStockIssuedForJointVenture
|
15400000 | usd |
CY2021Q2 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
522349 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-27048655 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-31155808 | usd |
CY2021Q3 | gtch |
Common Stock Issued For Conversion Of Convertible Debt And Accrued Interest
CommonStockIssuedForConversionOfConvertibleDebtAndAccruedInterest
|
1540457 | usd |
CY2021Q3 | gtch |
Common Stock Issued For Joint Venture
CommonStockIssuedForJointVenture
|
1135462 | usd |
CY2021Q3 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
522349 | usd |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-429931 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-28387471 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2255565 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-32854195 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
362011 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
686732 | usd | |
gtch |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
-2795870 | usd | |
gtch |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
165402 | usd | |
gtch |
Excess Of Debt Discount And Financing Costs
ExcessOfDebtDiscountAndFinancingCosts
|
34175 | usd | |
gtch |
Excess Of Debt Discount And Financing Costs
ExcessOfDebtDiscountAndFinancingCosts
|
609265 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
281750 | usd | |
us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
-13777480 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15400000 | usd | |
us-gaap |
Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
11000 | usd | |
gtch |
Payment Of Other Income With Marketable Securities
PaymentOfOtherIncomeWithMarketableSecurities
|
800000 | usd | |
gtch |
Change In Fair Value Of Marketable Securitie
ChangeInFairValueOfMarketableSecuritie
|
290538 | usd | |
us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
3012633 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
19227 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-3745179 | usd | |
gtch |
Increase Decrease In Inventory In Transit
IncreaseDecreaseInInventoryInTransit
|
43872 | usd | |
gtch |
Increase Decrease In Cash Held In Trust
IncreaseDecreaseInCashHeldInTrust
|
224516 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
7158 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-225 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-6056 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-469014 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1562039 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
333414 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-958011 | usd | |
gtch |
Investment To Gtx
InvestmentToGtx
|
150000 | usd | |
gtch |
Investment To Tghi
InvestmentToTghi
|
125000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-275000 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
300000 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1231636 | usd | |
gtch |
Issuance Of Note Receivable
IssuanceOfNoteReceivable
|
190000 | usd | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
231864 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
664225 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
634176 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
311816 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1231636 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
370230 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
273625 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
155106 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
113034 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
525336 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
386659 | usd |
gtch |
Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
|
325916 | usd | |
gtch |
Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
|
641100 | usd | |
gtch |
Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
|
1934771 | usd | |
gtch |
Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
|
10864918 | usd | |
gtch |
Working Capital Deficit
WorkingCapitalDeficit
|
22055811 | usd | |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-500 | ||
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-302326206 | usd |
gtch |
Shares Issued For Conversion Of Convertible Debt
SharesIssuedForConversionOfConvertibleDebt
|
1972164 | usd | |
gtch |
Shares Issued For Conversion Of Convertible Debt
SharesIssuedForConversionOfConvertibleDebt
|
5256010 | usd | |
gtch |
Equity Method Investment
EquityMethodInvestment
|
424731 | usd | |
gtch |
Share Issuance For Jv Metaverse
ShareIssuanceForJvMetaverse
|
5000 | usd | |
gtch |
Share Issuance For Jv Tokenize
ShareIssuanceForJvTokenize
|
1500 | usd | |
gtch |
Transfer Of Accounts Payable To Convertible Note
TransferOfAccountsPayableToConvertibleNote
|
424731 | usd | |
gtch |
Transfer Of Accounts Payable To Convertible Notes
TransferOfAccountsPayableToConvertibleNotes
|
202899 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 50 | |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84D_eus-gaap--UseOfEstimates_z1eXhKLNJ4Ra" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_86B_zLCAgXZzVcda">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of CFS in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the CFS and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying financial statements include leases, valuation of derivatives and valuation allowance on deferred tax assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q3 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
375000 | usd |
CY2022Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
19694 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
100000 | usd | |
CY2021Q3 | gtch |
Stockholders Equitys
StockholdersEquitys
|
50000 | usd |
CY2022Q2 | gtch |
Stockholders Equitys
StockholdersEquitys
|
50000 | usd |
us-gaap |
Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
|
<p id="xdx_84F_eus-gaap--DerivativesReportingOfDerivativeActivity_zxyaLCKfdLba" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_863_zXLMs4gWNk3l">Derivative Financial Instruments</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates all of its agreements to determine if they contain derivatives or have contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value “FV” and is then re-valued at each reporting date, with changes in the FV reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of September, 30, 2022 and December 31, 2021 (audited), the Company’s only derivative financial instrument was an embedded conversion feature associated with convertible notes payable due to certain provisions that allow for a change in the conversion price based on a percentage of the Company’s stock price at the date of conversion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
CY2022Q3 | gtch |
Conversion Feature On Convertible Notes
ConversionFeatureOnConvertibleNotes
|
5787760 | usd |
CY2022Q3 | us-gaap |
Marketable Securities
MarketableSecurities
|
40942 | usd |
CY2021Q4 | gtch |
Conversion Feature On Convertible Notes
ConversionFeatureOnConvertibleNotes
|
10192485 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_848_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zLVz4QM4wqD" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_869_zW81kqiN7yx9">Reclassification</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior years amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
CY2022Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
19694 | usd |
CY2022Q3 | us-gaap |
Deferred Revenue
DeferredRevenue
|
249159 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
249384 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
43944 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
0 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
200000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
89962 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
7158 | usd |
CY2022Q3 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
30049 | usd |
CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
127169 | usd |
us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
4088958514 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4089094984 | shares | |
CY2022Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
19694 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.01 | |
gtch |
Escrow Amount Received
EscrowAmountReceived
|
1000000 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
4200000 | usd | |
CY2022Q1 | gtch |
Settlement Amount
SettlementAmount
|
3750000 | usd |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
3750000 | usd | |
CY2021Q4 | gtch |
Services Payable
ServicesPayable
|
33333 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
200000000 | shares | |
CY2020Q1 | gtch |
Impairment Charge
ImpairmentCharge
|
5500000 | usd |
CY2021Q4 | gtch |
Impairment Charge
ImpairmentCharge
|
15400000 | usd |
CY2022Q3 | us-gaap |
Investments
Investments
|
0 | usd |
CY2021Q4 | us-gaap |
Investments
Investments
|
0 | usd |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd | |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1089143 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
670127 | usd |
CY2022Q3 | gtch |
Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
|
530000 | usd |
CY2021Q4 | gtch |
Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
|
440000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
660665 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1170088 | usd |
CY2022Q3 | gtch |
Accrued Liabilities Stanley
AccruedLiabilitiesStanley
|
660735 | usd |
CY2021Q4 | gtch |
Accrued Liabilities Stanley
AccruedLiabilitiesStanley
|
1862928 | usd |
CY2022Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
2914922 | usd |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
2746793 | usd |
CY2022Q3 | gtch |
Accrued Interest Related Party Current
AccruedInterestRelatedPartyCurrent
|
46198 | usd |
CY2021Q4 | gtch |
Accrued Interest Related Party Current
AccruedInterestRelatedPartyCurrent
|
6327 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
5901663 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
6896263 | usd |
CY2022Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
19694 | usd |
CY2022Q3 | gtch |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2021Q4 | gtch |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2022Q3 | us-gaap |
Convertible Debt
ConvertibleDebt
|
6819131 | usd |
CY2021Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
8424100 | usd |
CY2022Q3 | gtch |
Debt Instruments Unamortized Discount Noncurrent
DebtInstrumentsUnamortizedDiscountNoncurrent
|
-269297 | usd |
CY2021Q4 | gtch |
Debt Instruments Unamortized Discount Noncurrent
DebtInstrumentsUnamortizedDiscountNoncurrent
|
-278867 | usd |
CY2022Q3 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
6574631 | usd |
CY2021Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
8145233 | usd |
CY2022Q3 | gtch |
Less Current Portion
LessCurrentPortion
|
-6574631 | usd |
CY2021Q4 | gtch |
Less Current Portion
LessCurrentPortion
|
-8109436 | usd |
CY2021Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
35797 | usd |
us-gaap |
Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
|
0.85 | pure | |
gtch |
Charge Related To Modification Of Debt
ChargeRelatedToModificationOfDebt
|
13777480 | usd | |
gtch |
Convertible Note Payable Description
ConvertibleNotePayableDescription
|
IGOR 1 converted $1,284,600 of the convertible note into 4,185,650 shares of the Company’s common stock. Also, on June 24, 2021, the Company transferred 5,500,000 SURG shares received as repayment of $660,000 of this convertible note. | ||
CY2022Q3 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
6574631 | usd |
CY2021Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
8145233 | usd |
CY2022Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1897794 | usd |
CY2021Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1547924 | usd |
CY2022Q3 | gtch |
Convertible Note Payable To Stanley Hills
ConvertibleNotePayableToStanleyHills
|
116605 | usd |
CY2021Q4 | gtch |
Convertible Note Payable To Stanley Hills
ConvertibleNotePayableToStanleyHills
|
116605 | usd |
CY2022Q3 | gtch |
Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
|
-116605 | usd |
CY2021Q4 | gtch |
Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
|
-116605 | usd |
CY2022Q3 | gtch |
Total Notes Payable
TotalNotesPayable
|
350000 | usd |
CY2021Q4 | gtch |
Total Notes Payable
TotalNotesPayable
|
2950000 | usd |
CY2022Q3 | gtch |
Current Portion Of Notes Payables
CurrentPortionOfNotesPayables
|
-38196 | usd |
CY2021Q4 | gtch |
Current Portion Of Notes Payables
CurrentPortionOfNotesPayables
|
-2612397 | usd |
CY2022Q3 | gtch |
Long Term Note Payables
LongTermNotePayables
|
311804 | usd |
CY2021Q4 | gtch |
Long Term Note Payables
LongTermNotePayables
|
337603 | usd |
gtch |
Schedule Of Note Payable Related Parties Table Textblock
ScheduleOfNotePayableRelatedPartiesTableTextblock
|
<table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfNotePayableRelatedPartiesTableTextblock_zhB7D9ADyzta" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Notes Payable, Non-related Parties and Related Party (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0; padding-right: 0; text-align: left"><span id="xdx_8BF_zAmyhqFjL47a" style="display: none">Schedule of notes payable related parties</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">September 31,<br/> 2022</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,<br/> 2021</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Alpha Eda note payable</span></td> <td style="width: 8%; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_ecustom--TotalNotesPayableRelatedParty_c20220930__us-gaap--BusinessAcquisitionAxis__custom--AlphaEdaMember_pp0p0" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total notes payable"><span style="font: 10pt Times New Roman, Times, Serif">140,000</span></td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_986_ecustom--TotalNotesPayableRelatedParty_c20211231__us-gaap--BusinessAcquisitionAxis__custom--AlphaEdaMember_pp0p0" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total notes payable"><span style="font: 10pt Times New Roman, Times, Serif">140,000</span></td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less current portion</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_ecustom--CurrentPortionOfNotePayableRelatedParties_c20220930_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion"><span style="font: 10pt Times New Roman, Times, Serif">(140,000</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_980_ecustom--CurrentPortionOfNotePayableRelatedParties_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion"><span style="font: 10pt Times New Roman, Times, Serif">(140,000</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Notes payable, net, related party, long-term portion</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_ecustom--NotesPayableNetRelatedPartyLongtermPortion_c20220930_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes payable, net, related party, long-term portion"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1530">—</span></span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_ecustom--NotesPayableNetRelatedPartyLongtermPortion_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes payable, net, related party, long-term portion"><span style="font: 10pt Times New Roman, Times, Serif"/> <span style="-sec-ix-hidden: xdx2ixbrl1532">—</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> | ||
CY2022Q3 | gtch |
Current Portion Of Note Payable Related Parties
CurrentPortionOfNotePayableRelatedParties
|
-140000 | usd |
CY2021Q4 | gtch |
Current Portion Of Note Payable Related Parties
CurrentPortionOfNotePayableRelatedParties
|
-140000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10192485 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
|
191741 | usd | |
gtch |
Fair Value Of Beneficial Conversion Feature Of Debt Converted
FairValueOfBeneficialConversionFeatureOfDebtConverted
|
-1620742 | usd | |
gtch |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Los
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLos
|
-3150739 | usd | |
CY2022Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
5612745 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
|
134174 | usd | |
gtch |
Fair Value Of Beneficial Conversion Feature Of Debt Converted
FairValueOfBeneficialConversionFeatureOfDebtConverted
|
-314029 | usd | |
gtch |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Los
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLos
|
354869 | usd | |
CY2022Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
5787759 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 50 | |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
CY2022Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
369198 | shares |
CY2022Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
35000 | usd |
CY2022Q2 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
288672073 | shares |
CY2022Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1660370 | usd |
CY2022Q2 | gtch |
Debt Conversion Converted Instrument Accrued Interest
DebtConversionConvertedInstrumentAccruedInterest
|
6491 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
163559 | usd |
CY2022Q3 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
270300 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
392870 | shares |
gtch |
Weighted Average Exercise Price Warrants Outstanding Beginning
WeightedAverageExercisePriceWarrantsOutstandingBeginning
|
74.97 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P1Y9M3D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
322100 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_800_eus-gaap--LossContingencyDisclosures_zKijEdAIJye4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 17 – <span id="xdx_827_zeZIG7Nsm9G4">Contingencies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Legal Proceedings</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From time to time, the Company may be involved in various litigation matters, which arise in the ordinary course of business. There is currently no litigation that management believes will have a material impact on the financial position of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On or around January 30, 2019, RWJ Advanced Marketing, LLC, Greg Bauer, and Warren Jackson sued the Company and multiple third and related parties in Superior Court of the State of California – County of Los Angeles, General District in connection with the acquisition of UGO in September 2017. The case number is 19STCV03320 (the “Original Lawsuit”). The complaint in the Original Lawsuit alleges breach of contract, among other causes of action. The Company answered the complaint and filed a cross-complaint against the plaintiffs in the case and third parties on or around February 15, 2019. On or about September 10, 2020, the Company through its agent of service was “served” with a complaint (the Company contested service) that was filed against the Company and third parties by Robert Warren Jackson and Gregory Bauer in Los Angeles Superior Court Case No.: 20STCV32709 (“Second Lawsuit”). In the Original Lawsuit filed, the court rejected the plaintiff’s claims that they were filing a purported quasi-derivative lawsuit. As such, in this current litigation, the plaintiff is now again claiming the action is a derivative lawsuit. On October 13, 2020, the Second Lawsuit was removed by other defendants into Central District of California (CASE NO. 2:20−cv−09399−RGK−AGR). On February 2, 2021 the Central District of California dismissed the entire Second Lawsuit based on “demand futility”. In the Original lawsuit, the Company filed a cross complaint against the plaintiff and other third parties. The court has scheduled various hearings and a trial date set for December 27, 2021 which was later continued by the Court to September 28, 2022. It was the Company’s intention to dividend its holdings of its wholly owned subsidiary Ugopherservices Corp. (“UGO”). As UGO is the main dispute in the litigations described above, the Company elected to sell UGO to a third-party effective July 1, 2020 (See Note 3). On September 17, 2020, the Company terminated Greg Bauer as consultant (resulting from the sale of UGO), which he confirmed in writing. On or about June 14, 2021 the Company stipulated with plaintiff that all third parties will be released and plaintiff may file a new first amendment complaint that will name only the Company. As such, all third parties other than prior transfer agent of the Company have been dismissed from this litigation. The Company is in default on this note.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Following the sale of UGO, the Company noticed third parties (including SURG, via its asset manager) to wire the UGO funds to its new bank account. SURG never answered the notice. SURG is the clearing house for UGO. The Company noticed certain third parties that it intends to take legal actions to resolve this issue. On November 12, 2020 the Company filed a complaint in the United States District Court – District of Nevada – Case 2:20-cv-02078 against RWJ, Mr. Bauer, Mr. Jackson and against W.L. Petrey Wholesale Company Inc for fraud, breach of contract, Unjust Enrichment and other claims. On January 28, 2022 the court awarded the Company an injunction against RWJ defendants, where all fee funds generating from resale should be deposited into GBT blocked account, and therefore RWJ Defendants cannot use these funds without court order.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company entered into the Confidential Settlement Agreement and Mutual Release (“RJW Agreement”) by and between RWJ Advanced Marketing, LLC, Robert Warren Jackson, Gregory Bauer (collectively the “RJW Parties”) and W.L. Petrey Wholesale Company, Inc., (“Petrey”) on one hand; and GBT Technologies Inc., on behalf of itself and its agents (collectively the GBT Parties”), on the other hand. The Company the RJW Agreement effective September 26, 2022 with final signatures delivered to the Company on or about October 5, 2022. Pursuant to the RJW Agreement, the parties have agreed to settle, release, and otherwise resolve all known or unknown claims between them and agreed to jointly stipulate, move, or otherwise dismiss the lawsuits filed in the United States District Court of Nevada (Case No. 2:20-cv- 02078), in the Superior Court of the State of California, County of Los Angeles, Central District (Case Nos. 19STCV03320 and 20STCV32709), and in the United States District Court of the Central District of California (Case No. 2:20-cv-09399-RGK-AGR) with prejudice. The parties agreed and stipulated to release all funds currently being held in a blocked account of $<span id="xdx_907_eus-gaap--EscrowDeposit_iI_pp0p0_c20220930__us-gaap--TransactionTypeAxis__custom--RWJAgreementMember_z5XdtNREmfJb" title="Escrow amount">19,809</span> with 50% distributed to the RWJ Parties and 50% distributed the Company or its assignee. The Parties also entered into the InComm Assignment Agreement (“IAA”) which assigned, transferred and conveyed all proceeds derived from the RWJ Parties’ agreements with Interactive Communications International, Inc., and its affiliate Hi Technology Corp., including but not limited to that Master Distribution and Service Agreement between Interactive Communications International, Inc. and Petrey d/b/a UGO-HUB dated August 29, 2016, as amended (collectively referred to as the “InComm Proceeds”), and which shall divide the InComm Proceeds 90% to the Company or its assignee and 10% to the RWJ Parties or their assignee. Finally, the Company agreed to pay $<span id="xdx_903_eus-gaap--ProceedsFromRelatedPartyDebt_c20220101__20220930__us-gaap--TransactionTypeAxis__custom--RWJAgreementMember_zy613X0K2Wb5" title="Repayment of debt">40,000</span> to the RWJ Parties or their assignee. The Company accrued $<span id="xdx_90B_eus-gaap--AccruedLiabilitiesAndOtherLiabilities_iI_c20220930__us-gaap--TransactionTypeAxis__custom--RWJAgreementMember_zIjzAXVVPg49" title="Accrued expenses">49,847</span> expenses represent the final amounts due to the RJW Parties.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company under a different settlement agreement with SURG, committed to assign the IAA. As such, on October 5, 2022 and as cumulation of all settlement agreements the Company issued a request to SURG regarding release of certain escrow funds and the execution of an assignment of rights as contemplated in the aforereferenced agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 3, 2018, the Company entered into a Securities Purchase Agreement (the “SPA”) with Discover Growth Fund, LLC (the “Investor”) pursuant to which the Company issued a Senior Secured Redeemable Convertible Debenture (the “Debenture”) of $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20181203__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--DebtInstrumentAxis__custom--SeniorSecuredRedeemableConvertibleDebentureMember_pp0p0" title="Note payable, principal amount">8,340,000</span>. In connection with the issuance of the Debenture and pursuant to the terms of the SPA, the Company issued a Common Stock Purchase Warrant to acquire up to <span id="xdx_908_ecustom--WarrantsAquire_c20181203__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--DebtInstrumentAxis__custom--SeniorSecuredRedeemableConvertibleDebentureMember_pdd" title="Warrants aquire">225,000</span> shares of common stock for a term of three years (the “Warrant”) on a cash-only basis at an exercise price of $100 per share with respect to 50,000 Warrant Shares, $75 with respect to 75,000 Warrant Shares and $50 with respect to 100,000 Warrant Shares. The holder may not exercise any portion of the Warrants to the extent that the holder would own more than 4.99% of the Company’s outstanding common stock immediately after exercise. The outstanding principal amount may be converted at any time into shares of the Company’s common stock at a conversion price equal to 95% of the Market Price less $5 (the conversion price is lowered by 10% upon the occurrence of each Triggering Event – the current conversion price is 75% of the Market Price less $5). The Market Price is the average of the five lowest individual daily VWAP during the period the Debenture is outstanding. On May 28, 2019, the Investor delivered to the Company a “Notice of Default and Notice of Sale of Collateral” (the “Notice”). On December 23, 2019, in arbitration between the Company and the Investor, an Interim Award was entered in favor of the Investor. On January 31, 2020, the Company was informed that a final award was entered (the “Final Award”). The Final Award affirms that certain sections of the Debenture constitute unenforceable liquidated damages penalties and were stricken. Further, it was determined that the Investor was entitled to recovery of their attorney’s fees. Consequently, the arbitrator awarded $<span id="xdx_90C_ecustom--ArbitratorAwarded_pp0p0_c20190501__20190515__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember_zy2HlhjlB357" title="Arbitrator awarded">4,034,444</span> plus interest of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateDuringPeriod_dp_c20190501__20190515__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember_znJYO6OI0fWk" title="Interest rate">7.25</span>% from May 15, 2019 and costs of $<span id="xdx_904_eus-gaap--InterestExpenseOtherDomesticDeposits_pp0p0_c20190501__20190515__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember_zuJ9qXa5w686" title="Interest">55,613</span>. On February 18, 2020, the Company filed a motion with the United States District Court District of Nevada (the “Nevada Court”) to confirm the Final Award and a motion to consolidate Investor’s application to confirm the Final Award filed in the U.S. District Court of the Virgin Islands (Case No: 3 :20-cv-00012-CVG-RM) (the “Virgin Island Court”). On February 27, 2020, the Nevada Court denied the Company’s motion to confirm the Final Award and motion to consolidate and further decided that the confirmation of the Final Award should be litigated in the Virgin Island Court. As such, on February 27, 2020, the Company filed a Notice of Entry of Order as well as a Motion to Confirm the Arbitration Award, address the outstanding issues regarding whether Investor’s rights are subordinated to other creditors and, thereafter, oversee a commercially reasonable foreclosure sale (Case No: 3 :20-cv-00012-CVG-RM). It was the Company’s position that the final Award must first be confirmed and all questions regarding the rights of Investor relative to those of other creditors must be determined before any foreclosure sale can proceed. It is further the position of the Company that the previously disclosed foreclosure sale scheduled by Investor is being conducted in a commercially unreasonable manner and that if Discover proceeded forward with the foreclosure sale it did so at its own risk. Nevertheless, on February 28, 2020, Investor advised that it conducted a sale of the Company’s assets. As the date of this report Investor failed to present a deed of sale for the alleged sale that allegedly took place as noticed. The Company filed with Virgin Island Court the motions disputing the validity of the alleged sale. On July 28, 2020, Investor filed in the State of Nevada a motion for attorney’s fees $<span id="xdx_90C_eus-gaap--LossContingencyDamagesSoughtValue_c20200701__20200728_pp0p0" title="Sought value">48,844</span> and cost of $<span id="xdx_908_ecustom--LegalCost_c20200701__20200728_pp0p0" title="Legal cost">716</span>. The Company filed an answer on August 11, 2020. On October 16, 2020, Investor motion for attorney’s fees $<span id="xdx_90C_eus-gaap--LossContingencyDamagesSoughtValue_c20201001__20201016_pp0p0" title="Sought value">48,844</span> and cost of $<span id="xdx_904_ecustom--LegalCost_c20201001__20201016_pp0p0" title="Legal cost">716</span> was denied. The balance was included in accounts payable for the unearned settlement. As of September, 30, 2022, this case is still pending with the Federal court and the Court has not taken any substantive action in the matter as of the date of this report.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>GBT Technologies, S.A.</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On September 14, 2018, the Company entered into an Exclusive Intellectual Property License and Royalty Agreement (the “GBT License Agreement”) with GBT-CR, a fully compliance and regulated crypto currency exchange platform that currently operates in Costa Rica as a decentralized crypto currency platform, pursuant to which, among other things, the Company granted to GBT-CR an exclusive, royalty-bearing right and license relating intellectual property relating to systems and methods of converting electronic transmissions into digital currency as reflected in that certain patent filed with the United Stated Patent and Trademark Office on or about June 14, 2018 (EFS ID: 32893586; Application Number: 16008069; Type: Utility under 35 USC 111(a); Confirmation Number: 6787)(collectively, the “Digital Currently Technology”). Pursuant to the GBT License Agreement, the Company granted GBT-CR an exclusive worldwide license to use the Digital Currency Technology to make, use, sell, lease or otherwise commercialize and dispose of products and devices utilizing the Digital Currently Technology. Under the terms of the GBT License Agreement, the Company is entitled to receive a royalty of 2% of gross revenue of each licensed product sold by GBT-CR during the period starting in which revenue is first generated using the licensed products and continuing for five years thereafter. Upon signing the GBT-CR License Agreement, GBT-CR paid the Company $<span id="xdx_90A_eus-gaap--Revenues_pp0p0_c20180101__20181231__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zWZp7Odxhyx" title="Revenues">300,000</span> which is nonrefundable. The Company has recognized the $300,000 as revenue during the year ended December 31, 2018. Upon GBT-CR making available for sale (the “Commercial Event”) an ICO (Initial Coin Offering) (the “Coin”), GBT-CR will make a payment to the Company of $<span id="xdx_909_ecustom--PaymentForExpenses_pp0p0_c20180101__20181231__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zxpSFEVd3Bpj" title="Payment for expenses">5,000,000</span>. Further, upon the Commercial Event, GBT-CR will grant the Company the ability to acquire 30% of the Coin at a 30% discount of such offering price of the Coin. The GBT License Agreement commenced as of the signing date and, unless terminated in accordance with the termination provisions of the GBT License Agreement, shall remain in force until the expiration of the patent pertaining to the Digital Currency Technology; provided that the right to use trade, secrets shall survive the expiration of the GBT License Agreement provided the Company has not terminated. Prior to the signing of the GBT License Agreement, GBT-CR advanced $<span id="xdx_909_eus-gaap--DeferredRevenue_iI_pp0p0_c20220930__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zCd2b9jAIHya" title="Unearned revenue">200,000</span> to the Company, which the parties agreed will be applied toward the $5,000,000 fee when it becomes due. On February 27, 2020 GBT Technologies, S.A., as successor in interest to Hermes Roll, LLC had notified the Company that it was in default on its Amended and Restated Territorial License Agreement (“ARTLA”) dated June 15, 2015 and that the ARTLA had been cancelled and rescinded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> On October 18, 2021, the AltCorp Parties, the Company, and SURG entered into a Memorandum of Understanding (the “MOU”) to set up a framework for an attempt to settle the two lawsuits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2021 (the “Effective Date”), pursuant to the framework in the MOU, the AltCorp Parties (and an additional third party), the Company, ECS, and SURG, Kevin Brian Cox (SURG’s Chief Executive Officer) – in his individual capacity, entered into a Resolution of Purchase, Mutual Release, and Settlement Agreement (the “Final Settlement Agreement”) to settle the two lawsuits and resolve all disputes related to the consideration paid by SURG to the Company in connection with the APA.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On or about July 9, 2021 the Company filed a lawsuit in District Court in Clack County Nevada – Department 19 (Case number A-21-837631-C) against Terry Taylor and TTSG Holdings, Inc for breach of contract, breach of covenant of Good Faith and Fair Dealing, Unjust Enrichment and declaratory relief for failure of providing consulting services per contract they entered. The Company is demanding the return of <span id="xdx_90E_ecustom--ReturnOfSharesIssued_c20210702__20210709_z2nEkB2dxVli" title="Return of shares issued">240,000</span> shares issued, return of the $<span id="xdx_901_ecustom--CancellationOfPayments_c20210702__20210709_pp0p0" title="Cancellation of payments">5,000</span> payments, recission of the consulting agreement, and attorney’s fees and costs. The lawsuit is still pending as of the date of this report. As Terry Taylor and TTSG Holdings failed to appear to a notice of deposition, the Company filed for a summary judgment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Gregory Mancuso and Rainer AG</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On or about February 2, 2022, GBT was served with a First Amended Complaint (the “Complaint”) initiated by Gregory Mancuso and Rainer AG, a Swiss corporation, Case No. 21SMCV01430, filed in the Superior Court of the State of California for the County of Los Angeles. The Complaint names a number of different parties, including GBT, and asserts, among other things, claims for conversion, unjust enrichment, breach of contract, and breach of implied covenant of fair dealing, which Plaintiffs allege arise out of a brokerage agreement entered into between Plaintiff Rainer AG and co-defendant Consul Group re Dos Mil Veintiuno S.R.L (“Consul”). GBT was sued under an alter ego theory of liability, and its only involvement in the above-referenced chain of events seems to be that its shares were deposited with Rainer by Consul upon the opening of the brokerage account. GBT will be filling a demurrer to the First Amended Complaint based on a variety of deficiencies with the First Amended Complaint, and will ask the Court to dismiss the claims against GBT.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Stock Loan Receivable</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On January 8, 2019, the Company entered into a Stock Pledge Agreement with Latin American Exchange Latinex Casa de Cambio, S.A., a Costa Rica corporation (“Latinex”), to provide that Latinex may maintain its required regulatory capital as required by various regulators. The Company pledged <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20190101__20190108_zb53LzJQgOfb" title="Restricted shares">4,005</span> restricted shares of its common stock valued at $<span id="xdx_906_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_c20190101__20190108_zRWVMxwbqjcc" title="Value of restricted shares">7,610,147</span> (based on the closing price on the grant date) for three years in consideration of an annual payment of $<span id="xdx_90A_ecustom--AnnualPayment_iI_c20190108_zPsCF94z1kE4" title="Annual payment">375,000</span> paid in quarterly installments of $<span id="xdx_903_eus-gaap--DebtInstrumentPeriodicPayment_c20190101__20190108_z6qHJkzDnir5" title="Installment paid">93,750</span>. In lieu of cash payment, Latinex may pay the Company in virtual currency of WISE Network S.A. valued at a 50% discount of its offering price of $10 per token. In the event that Latinex’s required capital has decreased below $<span id="xdx_90C_ecustom--DecreaseInCapital_c20190101__20190108_z3iVxBAnhsag" title="Decrease in capital">5,000,000</span>, Latinex is permitted to sell the pledged shares of common stock only in an amount to ensure that Latinex can satisfy the required capital levels. The Company must consent to such sale of the shares of common stock, which may not be unreasonably withheld. Upon expiration of the agreement, the remaining shares of common stock shall be returned to the Company free and clear of all liens. The Company recorded the value of these shares of common stock as a stock loan receivable which is presented as a contra-equity account in the accompanying consolidated balance sheets. At December 31, 2019, the Company wrote off the accrued interest income as Latinex did not perform any payment and the Company has no mean to enforce this payment. Latinex agreed in principle to return the pledged 4,005 restricted shares to the Company for cancellation. The <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20220101__20220930_z8YVMKkTwmx9" title="Restricted shares">4,005</span> restricted shares have not yet been returned to the Company as of September 30, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline">Assignment of lease agreement</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 17, 2022, Mahaser LLC (“Assignee”) entered into an assignment and assumption of lease agreement by and between 2819 Coldwater LLC (“Assignor”), Sunset Place Holdings LLC (“Lessor”) and Yossi Attia (“Guarantor”). Pursuant to the agreement, Lessor agreed to lease to Assignor certain Standard Industrial/Commercial Multi-Tenant Lease – Gross agreement dated February 7, 2022 (the “Lease”) and expiring on January 31, 2024, which premises commonly known as 8265 Sunset Boulevard, Suite #107, West Hollywood, CA 90046. The base rent payment shall equal $4,100 per month and share of common area operating expense shall equal $<span id="xdx_905_eus-gaap--OperatingExpenses_c20220501__20220517_zSMAwisQxHS1" title="Operating expense">200</span> per month. Guarantor has guaranteed payment of Assignor’s obligations under the Lease and Assignor assigned all of its right, title and interest in the Lease to Assignee and Assignee assumed Assignor’s obligations under the Lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
CY2020Q3 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
48844 | usd |
CY2020Q3 | gtch |
Legal Cost
LegalCost
|
716 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
70770 | shares |
gtch |
Weighted Average Exercise Price Warrants Outstanding End
WeightedAverageExercisePriceWarrantsOutstandingEnd
|
205.07 | ||
gtch |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms1
|
P0Y6M21D | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
70770 | shares |
gtch |
Weighted Average Exercise Price Warrants Exercisable At End
WeightedAverageExercisePriceWarrantsExercisableAtEnd
|
205.07 | ||
gtch |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageRemainingContractualTerms
|
P0Y6M21D | ||
CY2021Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
10000000 | usd |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
200000000 | shares |
CY2022Q3 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
250000 | usd |
gtch |
Advanced From Related Party
AdvancedFromRelatedParty
|
634176 | usd | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
664225 | usd | |
gtch |
Outstanding Payable Balance
OutstandingPayableBalance
|
30049 | usd | |
CY2021 | gtch |
Outstanding Payable Balance
OutstandingPayableBalance
|
0 | usd |
CY2020Q4 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
48844 | usd |
CY2020Q4 | gtch |
Legal Cost
LegalCost
|
716 | usd |
CY2021Q3 | gtch |
Return Of Shares Issued
ReturnOfSharesIssued
|
240000 | shares |
CY2021Q3 | gtch |
Cancellation Of Payments
CancellationOfPayments
|
5000 | usd |
CY2019Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
4005 | shares |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
7610147 | usd |
CY2019Q1 | gtch |
Annual Payment
AnnualPayment
|
375000 | usd |
CY2019Q1 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
93750 | usd |
CY2019Q1 | gtch |
Decrease In Capital
DecreaseInCapital
|
5000000 | usd |
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
4005 | shares | |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
200 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2255565 | usd | |
gtch |
Gain On Surge Settlement
GainOnSurgeSettlement
|
3012633 | usd | |
gtch |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss1
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss1
|
2795870 | usd |