2022 Q4 Form 10-Q Financial Statement

#000173112222001969 Filed on November 14, 2022

View on sec.gov

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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CY2021Q3 us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
362011 usd
us-gaap Amortization Of Financing Costs
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CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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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
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2022Q3 us-gaap Interest Expense
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261858 usd
CY2021Q3 us-gaap Interest Expense
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326222 usd
us-gaap Interest Expense
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731251 usd
us-gaap Interest Expense
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us-gaap Marketable Securities Realized Gain Loss
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11000 usd
us-gaap Gains Losses On Restructuring Of Debt
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CY2022Q3 gtch Gain On Rjw Settlement
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3012633 usd
gtch Gain On Rjw Settlement
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3012633 usd
us-gaap Gains Losses On Extinguishment Of Debt
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50000 usd
CY2022Q3 gtch Change In Fair Value Of Marketable Securities
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50537 usd
gtch Change In Fair Value Of Marketable Securities
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290537 usd
CY2022Q3 gtch Licensing Income Related Party
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CY2021Q3 gtch Licensing Income Related Party
LicensingIncomeRelatedParty
350000 usd
gtch Licensing Income Related Party
LicensingIncomeRelatedParty
15699 usd
gtch Licensing Income Related Party
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950000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
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2299051 usd
CY2021Q3 us-gaap Nonoperating Income Expense
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431467 usd
us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2255565 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q3 us-gaap Income Loss From Continuing Operations
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1770464 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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2255565 usd
us-gaap Income Loss From Continuing Operations
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CY2022Q3 us-gaap Net Income Loss
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1770464 usd
CY2021Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Earnings Per Share Basic
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0.00
us-gaap Net Income Loss
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2255565 usd
us-gaap Net Income Loss
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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
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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
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2022Q2 gtch Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
1571238 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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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
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1770464 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-22367615 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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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
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CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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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
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CY2021Q2 us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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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
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CY2021Q3 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
522349 usd
CY2021Q3 us-gaap Profit Loss
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CY2021Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
2255565 usd
us-gaap Net Income Loss
NetIncomeLoss
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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
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
281750 usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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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
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gtch Increase Decrease In Inventory In Transit
IncreaseDecreaseInInventoryInTransit
43872 usd
gtch Increase Decrease In Cash Held In Trust
IncreaseDecreaseInCashHeldInTrust
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7158 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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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
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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
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CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
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CY2021Q4 gtch Conversion Feature On Convertible Notes
ConversionFeatureOnConvertibleNotes
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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
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30049 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
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us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
4088958514 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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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
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0 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
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CY2022Q3 us-gaap Accounts Payable Current
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CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
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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
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CY2022Q3 gtch Accrued Liabilities Stanley
AccruedLiabilitiesStanley
660735 usd
CY2021Q4 gtch Accrued Liabilities Stanley
AccruedLiabilitiesStanley
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CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q3 gtch Accrued Interest Related Party Current
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CY2021Q4 gtch Accrued Interest Related Party Current
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CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
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5901663 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2022Q1 us-gaap Deferred Revenue
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19694 usd
CY2022Q3 gtch Accrued Settlement
AccruedSettlement
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CY2021Q4 gtch Accrued Settlement
AccruedSettlement
4090057 usd
CY2022Q3 us-gaap Convertible Debt
ConvertibleDebt
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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

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