2024 Q3 Form 10-Q Financial Statement
#000173112224001273 Filed on August 16, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $75.79K | $52.96K |
YoY Change | -40.63% | -72.22% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $198.6K | $176.1K |
YoY Change | -37.43% | -47.36% |
Operating Profit | -$198.6K | -$176.1K |
YoY Change | -37.43% | -49.96% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $6.475M | $1.223M |
YoY Change | 2184.37% | -112.78% |
Pretax Income | $6.276M | $1.046M |
YoY Change | -18567.79% | -110.55% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% |
Net Earnings | $6.284M | $1.048M |
YoY Change | -8759.65% | -110.58% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 16.81B shares | 16.81B shares |
Diluted Shares Outstanding | 27.63B shares | 69.41B shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $11.05K | $35.01K |
YoY Change | -71.74% | -38.12% |
Cash & Equivalents | $1.505K | $6.131K |
Short-Term Investments | $9.546K | $28.88K |
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $57.30K | $81.26K |
YoY Change | -76.11% | -77.09% |
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 |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $57.30K | $81.26K |
Total Long-Term Assets | $0.00 | $0.00 |
Total Assets | $57.30K | $81.26K |
YoY Change | -76.11% | -77.09% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $790.0K | $775.0K |
YoY Change | -30.91% | -24.68% |
Accrued Expenses | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | $5.973M | |
YoY Change | -13.87% | |
Total Short-Term Liabilities | $16.09M | $22.40M |
YoY Change | -47.35% | -27.85% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $328.8K | |
YoY Change | 5.79% | |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $328.7K | $328.7K |
YoY Change | 5.29% | 5.79% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $16.09M | $22.40M |
Total Long-Term Liabilities | $328.7K | $328.7K |
Total Liabilities | $16.42M | $22.73M |
YoY Change | -46.81% | -27.52% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$301.5M | -$307.8M |
YoY Change | -4.24% | -2.25% |
Common Stock | $168.1K | $168.1K |
YoY Change | 143.54% | 202.9% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $11.06K | $11.06K |
YoY Change | -98.28% | -98.28% |
Treasury Stock Shares | ||
Shareholders Equity | -$15.31M | -$21.60M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $57.30K | $81.26K |
YoY Change | -76.11% | -77.09% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $6.284M | $1.048M |
YoY Change | -8759.65% | -110.58% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $22.46K | |
YoY Change | -121.48% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -16.50K | |
YoY Change | -118.42% | |
NET CHANGE | ||
Cash From Operating Activities | 22.46K | |
Cash From Investing Activities | ||
Cash From Financing Activities | -16.50K | |
Net Change In Cash | 5.960K | |
YoY Change | -139.76% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $22.46K | |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2023Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
315297 | usd | |
CY2024Q2 | GTCH |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
-1500 | usd |
CY2023Q2 | GTCH |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
-4855 | usd |
GTCH |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
669 | usd | |
GTCH |
Change In Fair Value Of Marketable Securities
ChangeInFairValueOfMarketableSecurities
|
3692 | usd | |
CY2024Q2 | GTCH |
Other Income Related Party Licensing Income
OtherIncomeRelatedPartyLicensingIncome
|
0 | usd |
CY2023Q2 | GTCH |
Other Income Related Party Licensing Income
OtherIncomeRelatedPartyLicensingIncome
|
9586 | usd |
GTCH |
Other Income Related Party Licensing Income
OtherIncomeRelatedPartyLicensingIncome
|
0 | usd | |
GTCH |
Other Income Related Party Licensing Income
OtherIncomeRelatedPartyLicensingIncome
|
203212 | usd | |
CY2024Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1222574 | usd |
CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9570575 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
8560088 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-14737005 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1046496 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9874528 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
8206384 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-15507091 | usd | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1046496 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-9874528 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
8206384 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-15507091 | usd | |
CY2024Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
0 | usd |
CY2023Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
-41235 | usd |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
0 | usd | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
-38385 | usd | |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1046496 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-9915763 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
8206384 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-15545476 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-9254 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-6741 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-11354 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
43614 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1048224 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9909022 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8210212 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-15589090 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15982171236 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5161471785 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15982171236 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3392096025 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
69406539967 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28485320260 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
69406539967 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26715944500 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | ||
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-32110382 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
557561 | usd |
CY2024Q1 | GTCH |
Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
|
694919 | usd |
CY2024Q1 | GTCH |
Tokenize Investment Reclassification
TokenizeInvestmentReclassification
|
-1660 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7159889 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-23699672 | usd |
CY2024Q2 | GTCH |
Visionwave Investment Reclassification
VisionwaveInvestmentReclassification
|
1000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1046496 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-22652180 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-18830908 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
403548 | usd |
CY2023Q1 | GTCH |
Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
|
316223 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
80000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5629713 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-23660850 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
881372 | usd |
CY2023Q2 | GTCH |
Fair Value Of Derivative Liability Due To Conversions
FairValueOfDerivativeLiabilityDueToConversions
|
1686461 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-9833571 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-30926588 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
8206384 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-15545476 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
43347 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
268423 | usd | |
GTCH |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
-8750797 | usd | |
GTCH |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
13028486 | usd | |
GTCH |
Excess Of Debt Discount And Financing Costs
ExcessOfDebtDiscountAndFinancingCosts
|
0 | usd | |
GTCH |
Excess Of Debt Discount And Financing Costs
ExcessOfDebtDiscountAndFinancingCosts
|
1528816 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
0 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
80000 | usd | |
GTCH |
Change In Fair Value Of Marketable Security
ChangeInFairValueOfMarketableSecurity
|
669 | usd | |
GTCH |
Change In Fair Value Of Marketable Security
ChangeInFairValueOfMarketableSecurity
|
3692 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
315297 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
10292 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-0 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-1259 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-0 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
39500 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-0 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1291 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-0 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
452 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-48921 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-5000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-403157 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
838357 | usd | |
GTCH |
Increase Decrease In Accounts Payable And Accrued Liabilities Rp
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRP
|
936702 | usd | |
GTCH |
Increase Decrease In Accounts Payable And Accrued Liabilities Rp
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRP
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
33148 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-217196 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
92150 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
27546 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
-0 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
-0 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
549564 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
-0 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
59004 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
578893 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
92150 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-27546 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
154625 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
5602 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-62571 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
529 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
106639 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6131 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44068 | usd |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
GTCH |
Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
|
694919 | usd | |
GTCH |
Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
|
63379 | usd | |
GTCH |
Shares Issued For Conversion Of Convertible Debt
SharesIssuedForConversionOfConvertibleDebt
|
557560 | usd | |
GTCH |
Shares Issued For Conversion Of Convertible Debt
SharesIssuedForConversionOfConvertibleDebt
|
2002684 | usd | |
GTCH |
Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
|
0 | usd | |
GTCH |
Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
|
1284920 | usd | |
GTCH |
Visionwave Investment Reclassifications
VisionwaveInvestmentReclassifications
|
24856 | usd | |
GTCH |
Visionwave Investment Reclassifications
VisionwaveInvestmentReclassifications
|
0 | usd | |
GTCH |
Tokenize Investment Reclassifications
TokenizeInvestmentReclassifications
|
1660 | usd | |
GTCH |
Tokenize Investment Reclassifications
TokenizeInvestmentReclassifications
|
0 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 50 | |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2024Q2 | us-gaap |
Common Unit Authorized
CommonUnitAuthorized
|
10000000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000000 | shares |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-307775556 | usd |
CY2024Q2 | GTCH |
Working Capital Deficit
WorkingCapitalDeficit
|
22323432 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_zWde5rBhIvRg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_86C_zGJttsbPaTmi">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 condensed consolidated financial statements 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 condensed consolidated financial statements 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 condensed consolidated financial statements include 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> | ||
CY2024Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
0 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
0 | usd |
us-gaap |
Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
|
<p id="xdx_84F_eus-gaap--DerivativesReportingOfDerivativeActivity_z4hOy0EFLa32" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_862_zmQca0U7ziud">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 such instruments have derivatives or 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 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 June 30, 2024 and December 31, 2023, 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> | ||
CY2024Q2 | GTCH |
Conversion Feature On Convertible Notes
ConversionFeatureOnConvertibleNotes
|
4670346 | usd |
CY2023Q4 | GTCH |
Conversion Feature On Convertible Notes
ConversionFeatureOnConvertibleNotes
|
14116062 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_847_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zPvpoKKUA1Bd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_862_zhtor8fuxRSd">Reclassification</span></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 year amounts have been reclassified for consistency with the current year 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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective July 1, 2023, the Company terminated its joint venture revenue sharing (“Termination Agreement”) with Mahaser LTD (“Mahaser”). Until June 30, 2023, the Company’s variable interests in Mahaser obligate the Company to absorb deficits and provide it with the right to receive benefits that could potentially be significant to Mahaser. The Company evaluated for the period ended on June 30, 2023, whether it has a variable interest in Mahaser, whether Mahaser is a VIE and whether the Company has a controlling financial interest in Mahaser. The Company concluded that it has variable interests in Mahaser on the basis of GBT has 100% control over the JV/revenue sharing, and as such should consolidate the JV into its books and records as it assigned 100% financial responsibility. Mahaser’s equity at risk, as defined by GAAP, is considered to be insufficient to finance its activities without additional support, and, therefore, Mahaser is considered a VIE. As termination Agreement took place during the reporting period, the financial been classified to disclose this operation as discontinued operation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
CY2022Q1 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
200000 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
69406539967 | shares | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
75975606634 | shares |
CY2024Q2 | us-gaap |
Marketable Securities
MarketableSecurities
|
28877 | usd |
CY2023Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
29546 | usd |
CY2024Q2 | GTCH |
Stock Loan Receivable
StockLoanReceivable
|
-7610147 | usd |
CY2023Q4 | GTCH |
Stock Loan Receivable
StockLoanReceivable
|
-7610147 | usd |
GTCH |
Note Payable Description
NotePayableDescription
|
Note payable by Gopher Protocol Costa Rica Sociedad De Responsabilidad Limitada to the Company in the principal amount of $5,000,000 dated February 6, 2019 (of which the underlying security for this Promissory Note is 30,000,000 restricted shares of common stock of Mobiquity Technologies, Inc. (“Mobiquity”) and 60,000,000 restricted shares of common stock of Mobiquity. | ||
CY2020Q1 | GTCH |
Services Payable
ServicesPayable
|
33333 | usd |
CY2020Q1 | GTCH |
Impairment Charge
ImpairmentCharge
|
5500000 | usd |
CY2021Q4 | GTCH |
Impairment Charge
ImpairmentCharge
|
15400000 | usd |
CY2024Q2 | us-gaap |
Investments
Investments
|
0 | usd |
CY2023Q4 | us-gaap |
Investments
Investments
|
0 | usd |
CY2024Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
775043 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
773974 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
499492 | usd |
CY2024Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
4192763 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
4099380 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
4967807 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
5372846 | usd |
CY2024Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
659000 | usd |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
490000 | usd | |
CY2024Q2 | us-gaap |
Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
|
4100000 | usd |
CY2024Q2 | GTCH |
Accounts Payable Related Parties
AccountsPayableRelatedParties
|
980000 | usd |
CY2023Q4 | GTCH |
Accounts Payable Related Parties
AccountsPayableRelatedParties
|
770000 | usd |
CY2024Q2 | GTCH |
Accrued Interest Related Parties
AccruedInterestRelatedParties
|
1723413 | usd |
CY2023Q4 | GTCH |
Accrued Interest Related Parties
AccruedInterestRelatedParties
|
96115 | usd |
CY2024Q2 | GTCH |
Other Payables Related Parties
OtherPayablesRelatedParties
|
1595814 | usd |
CY2023Q4 | GTCH |
Other Payables Related Parties
OtherPayablesRelatedParties
|
901595 | usd |
CY2024Q2 | GTCH |
Accounts Payable And Accrued Expenses Related Party Current
AccountsPayableAndAccruedExpensesRelatedPartyCurrent
|
2703413 | usd |
CY2023Q4 | GTCH |
Accounts Payable And Accrued Expenses Related Party Current
AccountsPayableAndAccruedExpensesRelatedPartyCurrent
|
1767710 | usd |
CY2024Q2 | GTCH |
Accounts Payable Related Parties
AccountsPayableRelatedParties
|
980000 | usd |
CY2024Q2 | GTCH |
Other Payable Related Parties
OtherPayableRelatedParties
|
1600000 | usd |
CY2024Q2 | us-gaap |
Convertible Debt
ConvertibleDebt
|
5323076 | usd |
CY2023Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
5708756 | usd |
CY2024Q2 | GTCH |
Debt Instruments Unamortized Discount Noncurrent
DebtInstrumentsUnamortizedDiscountNoncurrent
|
-2656 | usd |
CY2023Q4 | GTCH |
Debt Instruments Unamortized Discount Noncurrent
DebtInstrumentsUnamortizedDiscountNoncurrent
|
-43739 | usd |
CY2024Q2 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
5320420 | usd |
CY2023Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
5665017 | usd |
CY2024Q2 | GTCH |
Less Current Portion
LessCurrentPortion
|
5320420 | usd |
CY2023Q4 | GTCH |
Less Current Portion
LessCurrentPortion
|
5665017 | usd |
CY2024Q2 | GTCH |
Convertible Notes Payable Longterm Portion
ConvertibleNotesPayableLongtermPortion
|
0 | usd |
CY2023Q4 | GTCH |
Convertible Notes Payable Longterm Portion
ConvertibleNotesPayableLongtermPortion
|
0 | usd |
CY2021 | GTCH |
Charge Related To Modification Of Debt
ChargeRelatedToModificationOfDebt
|
13777480 | usd |
GTCH |
Convertible Note Payable Description
ConvertibleNotePayableDescription
|
IGOR 1 converted $195,500 of the convertible note into 2,300,000,000 shares of the Company’s common stock. | ||
CY2024Q2 | GTCH |
Convertible Note Payable To Stanley Hills
ConvertibleNotePayableToStanleyHills
|
491395 | usd |
CY2023Q4 | GTCH |
Convertible Note Payable To Stanley Hills
ConvertibleNotePayableToStanleyHills
|
661395 | usd |
CY2024Q2 | GTCH |
Unamortized Debt Discount At Convertible Note Payable
UnamortizedDebtDiscountAtConvertibleNotePayable
|
0 | usd |
CY2023Q4 | GTCH |
Unamortized Debt Discount At Convertible Note Payable
UnamortizedDebtDiscountAtConvertibleNotePayable
|
0 | usd |
CY2024Q2 | GTCH |
Other Convertible Notes Payable Current
OtherConvertibleNotesPayableCurrent
|
491395 | usd |
CY2023Q4 | GTCH |
Other Convertible Notes Payable Current
OtherConvertibleNotesPayableCurrent
|
661395 | usd |
CY2024Q2 | GTCH |
Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
|
-491395 | usd |
CY2023Q4 | GTCH |
Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
|
-661395 | usd |
CY2024Q2 | GTCH |
Convertible Notes Payable Net Related Party Longterm Portion
ConvertibleNotesPayableNetRelatedPartyLongtermPortion
|
0 | usd |
CY2023Q4 | GTCH |
Convertible Notes Payable Net Related Party Longterm Portion
ConvertibleNotesPayableNetRelatedPartyLongtermPortion
|
0 | usd |
CY2024Q2 | GTCH |
Total Notes Payables
TotalNotesPayables
|
350000 | usd |
CY2023Q4 | GTCH |
Total Notes Payables
TotalNotesPayables
|
377546 | usd |
CY2024Q2 | GTCH |
Debt Instruments Unamortized Discount Current
DebtInstrumentsUnamortizedDiscountCurrent
|
0 | usd |
CY2023Q4 | GTCH |
Debt Instruments Unamortized Discount Current
DebtInstrumentsUnamortizedDiscountCurrent
|
-2265 | usd |
CY2024Q2 | GTCH |
Note Payables
NotePayables
|
350000 | usd |
CY2023Q4 | GTCH |
Note Payables
NotePayables
|
375281 | usd |
CY2024Q2 | GTCH |
Current Portion Of Notes Payables
CurrentPortionOfNotesPayables
|
-21252 | usd |
CY2023Q4 | GTCH |
Current Portion Of Notes Payables
CurrentPortionOfNotesPayables
|
-46533 | usd |
CY2024Q2 | GTCH |
Long Term Note Payables
LongTermNotePayables
|
328748 | usd |
CY2023Q4 | GTCH |
Long Term Note Payables
LongTermNotePayables
|
328748 | usd |
GTCH |
Schedule Of Note Payable Related Parties Table Textblock
ScheduleOfNotePayableRelatedPartiesTableTextblock
|
<table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfNotePayableRelatedPartiesTableTextblock_zy82ONXTpA53" 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"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B9_zYxwNgyEM718" style="display: none">Schedule of notes payable, related parties</span></td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center">June 30,</td> <td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024</td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2023</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Alpha Eda Note payable</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td id="xdx_988_ecustom--TotalNotesPayableRelatedParty_iI_pp0p0_c20240630__us-gaap--BusinessAcquisitionAxis__custom--AlphaEdaMember_zgeTUwvnELN3" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total notes payable, related party">140,000</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td> <td id="xdx_98E_ecustom--TotalNotesPayableRelatedParty_pp0p0_c20231231__us-gaap--BusinessAcquisitionAxis__custom--AlphaEdaMember_zFLccvamCA0e" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total notes payable, related party">140,000</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total notes payable, related party</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--TotalNotesPayableRelatedParties_iI_pp0p0_c20240630_zVJyWRFP7dPi" style="text-align: right" title="Total notes payable, related party">140,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--TotalNotesPayableRelatedParties_iI_pp0p0_c20231231_zL86RRbWojQk" style="text-align: right" title="Total notes payable, related party">140,000</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Unamortized debt discount</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_981_ecustom--DebtInstrumentsUnamortizedDiscountCurrents_iI_pp0p0_d0_c20240630_zIayJID9s4If" style="border-bottom: Black 1pt solid; text-align: right" title="Unamortized debt discount">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_ecustom--DebtInstrumentsUnamortizedDiscountCurrents_iI_pp0p0_d0_c20231231_zSv216V5VHL3" style="border-bottom: Black 1pt solid; text-align: right" title="Unamortized debt discount">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Notes payable, net, related party</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--NotesPayableRelatedParties_iI_pp0p0_c20240630_zj5vWrK4Mcda" style="text-align: right" title="Notes payable, net, related party">140,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--NotesPayableRelatedParties_pp0p0_c20231231_zwRF7ElJyFQh" style="text-align: right" title="Notes payable, net, related party">140,000</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less current portion</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_981_ecustom--CurrentPortionOfNotePayableRelatedParties_iI_pp0p0_c20240630_zQDE4MXLDmnh" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion">(140,000</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_986_ecustom--CurrentPortionOfNotePayableRelatedParties_pp0p0_c20231231_zwvLoabFCxSh" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion">(140,000</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Notes payable, net, related party, long-term portion</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98B_ecustom--NotesPayableNetRelatedPartyLongtermPortion_iI_pp0p0_d0_c20240630_zGIwpbG2Q73c" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes payable, net, related party, long-term portion">—</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98E_ecustom--NotesPayableNetRelatedPartyLongtermPortion_iI_pp0p0_d0_c20231231_zIhOyIfgZ54j" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes payable, net, related party, long-term portion">—</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | ||
CY2024Q2 | GTCH |
Total Notes Payable Related Parties
TotalNotesPayableRelatedParties
|
140000 | usd |
CY2023Q4 | GTCH |
Total Notes Payable Related Parties
TotalNotesPayableRelatedParties
|
140000 | usd |
CY2024Q2 | GTCH |
Debt Instruments Unamortized Discount Currents
DebtInstrumentsUnamortizedDiscountCurrents
|
0 | usd |
CY2023Q4 | GTCH |
Debt Instruments Unamortized Discount Currents
DebtInstrumentsUnamortizedDiscountCurrents
|
0 | usd |
CY2024Q2 | GTCH |
Notes Payable Related Parties
NotesPayableRelatedParties
|
140000 | usd |
CY2023Q4 | GTCH |
Notes Payable Related Parties
NotesPayableRelatedParties
|
140000 | usd |
CY2024Q2 | GTCH |
Current Portion Of Note Payable Related Parties
CurrentPortionOfNotePayableRelatedParties
|
-140000 | usd |
CY2023Q4 | GTCH |
Current Portion Of Note Payable Related Parties
CurrentPortionOfNotePayableRelatedParties
|
-140000 | usd |
CY2024Q2 | GTCH |
Notes Payable Net Related Party Longterm Portion
NotesPayableNetRelatedPartyLongtermPortion
|
0 | usd |
CY2023Q4 | GTCH |
Notes Payable Net Related Party Longterm Portion
NotesPayableNetRelatedPartyLongtermPortion
|
0 | usd |
CY2024Q2 | GTCH |
Accrued Settlement Payable
AccruedSettlementPayable
|
4090057 | usd |
CY2023Q4 | GTCH |
Accrued Settlement Payable
AccruedSettlementPayable
|
4090057 | usd |
CY2024Q2 | GTCH |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2023Q4 | GTCH |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2024Q2 | GTCH |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2023Q4 | GTCH |
Accrued Settlement
AccruedSettlement
|
4090057 | usd |
CY2024Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.0002 | |
CY2024Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
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0.000085 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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0 | pure | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
14116062 | usd |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
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0 | usd | |
GTCH |
Fair Value Of Beneficial Conversion Feature Of Debt Converted
FairValueOfBeneficialConversionFeatureOfDebtConverted
|
694919 | usd | |
GTCH |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Los
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLos
|
-8750797 | usd | |
CY2024Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
4670346 | usd |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
0.0002 | |
CY2024Q2 | us-gaap |
Share Price
SharePrice
|
0.0001 | |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2023Q4 | us-gaap |
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CommonStockSharesAuthorized
|
30000000000 | shares |
us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
6559534118 | shares | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
555680 | usd | |
GTCH |
Debt Conversion Converted Instrument Accrued Interest
DebtConversionConvertedInstrumentAccruedInterest
|
1880 | usd | |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
16813229180 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16813229180 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10253695062 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10253695062 | shares |
CY2024Q2 | GTCH |
Treasury Shares Issued
TreasurySharesIssued
|
8 | shares |
CY2023Q4 | GTCH |
Treasury Shares Issued
TreasurySharesIssued
|
8 | shares |
CY2024Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
11059 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
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11059 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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400 | shares |
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1595 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y7D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
400 | shares |
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1595 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y7D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
400 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1595 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P0Y7D | ||
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
0 | usd |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
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<p id="xdx_80F_eus-gaap--LossContingencyDisclosures_zZmRlHI5kc1g" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 16 - <span id="xdx_82E_zbrC6FH3wTTh">Contingencies</span></b></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"><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 compliant 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 payment 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_900_eus-gaap--Revenues_c20180913__20180914__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zUii5BbQsv9j" title="Revenues">300,000 </span>which is nonrefundable. The Company recognized the $<span id="xdx_908_eus-gaap--Revenues_c20180101__20181231__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zO0h78S0GI3k" title="Revenues">300,000</span> as revenue during the years 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_902_ecustom--PaymentForExpenses_c20180913__20180914__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zim7nONwRKhj" 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_901_eus-gaap--DeferredRevenue_iI_c20180914__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zZZ6shlniuTe" title="Unearned revenue">200,000 </span>to the Company, which the parties have agreed will be applied toward the $<span id="xdx_904_ecustom--DueToRelatedPartyFees_iI_c20180914__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zu1P9VR5XQF7" title="Due to related party fees">5,000,000</span> 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; background-color: white"><i>Stock Loan Receivable</i></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; 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_901_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20190107__20190108__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_z1VDJUH83RYh" title="Restricted shares">4,006</span> restricted shares of its common stock valued at $<span id="xdx_906_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_c20190107__20190108__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_z0MBkF4P31Df" title="Value of restricted shares">7,610,147</span> (based on the closing price on the grant date) for three years for an annual payment of $<span id="xdx_90C_ecustom--AnnualPayment_iI_c20190108__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_zMciaPOIA5dc" title="Annual payment">375,000 </span>paid in quarterly installments of $93,750. 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_909_ecustom--DecreaseInCapital_c20190107__20190108__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_zHJr1pXFCD4f" 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 <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited_c20190107__20190108__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_zNMTVU09svH6" title="Cancellation of restricted shares">4,006</span> restricted shares to the Company for cancellation. The <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20230101__20231231__us-gaap--TypeOfArrangementAxis__custom--StockPledgeAgreementMember_ztE8bSoHigVa" title="Restricted shares">4,006</span> restricted shares have not yet been returned to the Company as of June 30, 2024.</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>Metaverse Agreements</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 June 10, 2022, the Company, entered into a Joint Venture and Territorial License Agreement (the “Metaverse Agreement”) with Ildar Gainulin and Maria Belova (collectively, the “Licensor”). Under the Metaverse Agreement, the parties formed Metaverse Kit Corp., a Nevada corporation (“Metaverse Kit”). The purpose of Metaverse Kit was to develop, maintain and support source codes for its proprietary technologies and comprehensive platform that combines a core virtual reality platform and an extended set of real-world functions to provide a metaverse experience initially within the area of sports and then expanding into virtual worlds of entertainment, live events, gaming, communications and other cross over product opportunities (the “Meta Portfolio”). Under the Metaverse Agreement, Licensor agreed to provide Metaverse Kit with the licensed technology and expertise. In connection therewith, the parties entered an Asset Purchase Agreement (the “Metaverse APA”) concurrently with the Metaverse Agreement whereby Licensor sold Metaverse Kit all source codes pertaining to the Meta Portfolio. Further, Licensor provided an exclusive license to Metaverse Kit throughout the world for the invented product/service and the related platforms relating to the Meta Portfolio and to use the know how to develop, manufacture, sell, market and distribute the Meta Portfolio throughout the world. The Company was required to contribute <span id="xdx_90A_eus-gaap--SharesIssued_iI_c20220610__us-gaap--TypeOfArrangementAxis__custom--MetaverseAgreementsMember_zVcs17RUIJa4" title="Share issued">500,000,000</span> shares of common stock of the Company (“GBT Shares”) to Metaverse Kit. Licensor and the Company were to each own 50% of Metaverse Kit. The Company pledged its <span id="xdx_90D_ecustom--MinorityInterestsOwnershipPercentageByParent_iI_dp_c20220610__us-gaap--TypeOfArrangementAxis__custom--MetaverseAgreementsMember_zg0DFSaC6wj1" title="Ownership percentage">50</span>% ownership in Metaverse Kit to Igor 1 Corp. to secure a convertible note held by Igor 1 Corp. The Company was to appoint two directors and Licensor was allowed to appoint one director of Metaverse Kit. In addition, Metaverse Kit, Licensor and Elentina Group, LLC (“Elentina”) entered into a Consulting Agreements in which IGBM and Elentina, each were engaged to provide services for $<span id="xdx_909_ecustom--PaymentForServices_c20220609__20220610__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementsMember_zTjQRjtBssT8" title="Payment for services">25,000</span> per month payable quarterly which Metaverse Kit has the option to pay in shares of common stock calculated by the amount owed divided by the Company’s 10-day VWAP. Licensor and Elentina were to provide services in connection with the development of the business as well as Metaverse Kit’s capital raising efforts. The term of the Consulting Agreement was two years.</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">The closing of the Metaverse Agreement occurred on June 13, 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; background-color: white">On March 14, 2023, the Company received a counter signed Settlement Agreement and Release by Licensor dated March 2, 2023 (“Settlement Agreement”). Pursuant to the Settlement Agreement, the parties agreed that Metaverse Agreement, the Metaverse APA and the Consulting Agreement are void and cancelled. Licensor agreed to pay $<span id="xdx_909_ecustom--PaymentForSettlement_c20230313__20230314__us-gaap--TypeOfArrangementAxis__custom--SettlementAgreementMember_zMSAKx5ysmj3" title="Payment for settlement">5,000</span> to the Company as settlement payment and surrender their shares in Metaverse Kit.</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; background-color: white">On February 1, 2023, the Company engaged AlKhatib Consulting Group to provide exclusive representation services in connect with managing market partners, effective on February 1, 2023 for 24 consecutive months till 2025.</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>Assets Sale - TREN</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 April 3, 2023, GBT Tokenize Corp. (“Seller”), a subsidiary that is owned <span id="xdx_900_ecustom--MinorityInterestsOwnershipPercentageByParent_iI_dp_c20230403__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zc8SOYNrpSne" title="Ownership percentage">50</span>% by the Company, entered into an agreement to sell certain assets relating to a proprietary system and method named Avant-Ai to TREN. Avant-Ai is a text-generation, deep learning self-training model. In exchange for the assets, TREN is required to issue <span id="xdx_90B_ecustom--NumberOfSharesSold_iI_c20230403__dei--LegalEntityAxis__custom--GBTTechnologiesMember_zO9df03iJqx2" title="Number of shares sold">26,000,000</span> common shares (“Shares”) to Seller.</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 July 18, 2023, TREN changed its name to Avant Technologies, Inc. and its ticker symbol on OTC Markets was changed to AVAI.</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>Potential IP’s Sale</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 April 17, 2023, Bannix Acquisition Corp. (“Bannix”), EVIE Autonomous Group Ltd. (“EVIE”) and EVIE’s shareholders entered into a Business Combination Agreement pursuant to which Bannix agreed to acquire EVIE. In addition, Bannix agreed to acquire from GBT Technologies Inc. (the “Company” or “GBT”), the Apollo System which is intellectual property covered by patent application filed with the US Patent and Trademark Office. This patent application describes a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and moving objects. The Apollo system is based on radio waves and can detect an entity’s moving and stationary positions, enabling imaging technology to show these movements and positions on a screen in real time. This includes an AI technology that controls the radio waves transmission and analyzes the reflections. The goal is to integrate the Apollo System as an efficient driver monitoring system, detecting impaired or distracted drivers, providing audible and visual alerts (“the “Patents”). On August 8, 2023, Bannix entered into a Patent Purchase Agreement (“PPA”) with GBT Tokenize Corp. (“Tokenize”), which is <span id="xdx_909_ecustom--MinorityInterestsOwnershipPercentageByParent_iI_dp_c20230808__dei--LegalEntityAxis__custom--PatentPurchaseAgreementMember__srt--OwnershipAxis__custom--TokenizeMember_zCu024hkhtJf" title="Ownership percentage">50</span>% owned by GBT, where GBT provided its consent, to acquire the entire right, title, and interest of the Patents. The closing date of the PPA will be immediately follow the closing of the acquisition of EVIE by Bannix. The Purchase Price is set at 5% of the consideration that Bannix is paying to the shareholders of EVIE. The Business Combination Agreement sets the consideration to be paid by Bannix at $<span id="xdx_905_eus-gaap--BusinessCombinationConsiderationTransferred1_pn6n6_c20230807__20230808__us-gaap--BusinessAcquisitionAxis__custom--BannixMember_zgVy3CiL55ve" title="Business combination consideration paid">850</span> million and, in turn, the consideration in the PPA to be paid to Tokenize is $<span id="xdx_90A_eus-gaap--BusinessCombinationConsiderationTransferred1_pn5n6_c20230807__20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember_zZa3EwqUNie" title="Business combination consideration paid">42.5</span> million. If the final purchase price is less than $<span id="xdx_90B_eus-gaap--BusinessCombinationPriceOfAcquisitionExpected_pn6n6_c20230807__20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember_zEmxRYi2eWna" title="Business combination purchase price">30</span> million, Tokenize has the option to cancel the PPA.</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">In accordance therewith, Bannix agrees to pay, issue and deliver to Tokenize, $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20230807__20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zioUmH0FmB88" title="Number of shares issued, value">42,500,000</span> in series A preferred stock to Tokenize, which such terms will be more fully set forth in the Series A Preferred Stock Certificate of Designation to be filed with the Secretary of State of the State of prior to the Closing Date. The Series A Preferred Stock will have stated value of face value of $<span id="xdx_908_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zgzi25kc6cZ5" title="Preferred stock, par value">1,000</span> per share and is convertible, at the option of Tokenize, into shares of common stock of Bannix at 5% discount to the VWAP during the 20 trading days prior to conversion, and in any event not less than $<span id="xdx_90B_eus-gaap--SharePrice_iI_c20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_z71FVc7idDdh" title="Share price">1.00</span>. The Series A Preferred Stock will not have voting rights and will be entitled to dividends only in the event of liquidation. The Series A Preferred Stock will have a <span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_c20230807__20230808__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zK6MDifshULb" title="Beneficial ownership limitation">4.99</span>% beneficial ownership limitation. Series A Preferred Stock and the shares of common stock issuable upon conversion of the Series A Preferred Stock (the “Conversion Shares”) shall be subject to a lock-up beginning on the Closing Date and ending on the earliest of (i) the six (6) months after such date, (ii) a Change in Control, or (iii) written consent of Purchaser (the “Seller Lockup Period”)</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 18, 2023, Bannix and Tokenize entered into Amendment No. 1 to the PPA. Per the amendment, Bannix and Tokenize agreed that the shares of common stock to be issued upon conversion of the Series A Preferred Stock will not exceed 19.99% of the aggregate number of shares of common stock issued and outstanding as of the closing of Bannix’s acquisition of EVIE (such maximum number of shares, the “<span style="text-decoration: underline">Exchange Cap</span>”) unless Bannix’s stockholders have approved the issuance of shares of common stock upon conversion of the Series A Preferred Stock pursuant to the PPA in excess of the Exchange Cap in accordance with the applicable rules of the market or exchange on which Bannix’s shares of common stock trade.</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; color: #1D2838">On March 11, 2024, Bannix sent EVIE and the shareholder of EVIE a notice providing that the BCA has been terminated (“BNIX EVIE Termination Letter”). As the PPA was contingent upon Bannix closing the acquisition of the EVIE and due to the BNIX EVIE Termination Letter, on March 19, 2024 Bannix and Tokenize agreed to terminate the PPA which was consented to by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1D2838"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Effective as of March 20, 2024, Tokeniz, entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“VisionWave”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”).</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; color: #1D2838">The Purchase Price for the asset is $<span id="xdx_906_ecustom--PurchasePrice_c20240319__20240320__us-gaap--LongtermDebtTypeAxis__custom--VisionWaveMember_zFEkvjRIOET9" title="Purchase price">30,000,000</span> (the “Purchase Price”), which VisionWave will pay with shares of common stock, $0.0001 par value per share (the “Common Stock”). The Parties agree that the final Purchase Price may be adjusted and will be governed by a valuation report issued by a professional third party (“Valuation”). If the final Purchase Price per Valuation is less than $<span id="xdx_908_ecustom--PurchasePrice_c20240319__20240320__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember_zQUG7uyOwdcj" title="Purchase price">30,000,000</span>, Tokenize has the option to cancel this Agreement. In accordance therewith, VisionWave agreed to issue and deliver to Tokenize, 1,000 shares of Common Stock (the “Shares”) representing 50% of VisionWave’s issued and outstanding shares of Common Stock, where the remainder of the 50% of VisionWave’s issued and outstanding shares of Common Stock are owned by a corporation controlled by Stanley Hills. Effective June 4, 2024 Tokenize been issued additional 222 shares from VisionWave for consideration of 10 million AVAI shares that been vested under VisionWave name.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1D2838"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Service Agreement</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 February 24, 2023, the Company entered into a service agreement with Pacific Capital Markets LLC, where <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230223__20230224__dei--LegalEntityAxis__custom--PacificCapitalMarketsLLCMember__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember_zwxAukNobNY6" title="Number of shares issued, shares">100,000,000</span> Shares issued to it for certain for service agreement between Pacific Capital Markets LLC. and the Company. The value of the shares of $<span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20230223__20230224__dei--LegalEntityAxis__custom--PacificCapitalMarketsLLCMember__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember_zd4EFHDKfMgb" title="Number of shares issued, value">80,000</span> was determined based on the stock price of the Company’s common stock at grant date of $<span id="xdx_90D_ecustom--GrantPerShare_iI_c20230224__dei--LegalEntityAxis__custom--PacificCapitalMarketsLLCMember__us-gaap--TypeOfArrangementAxis__custom--ServiceAgreementMember_zBG8mCWF33u5" title="Grant per share">0.0008</span> per share.</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>Representation Agreement</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 August 17, 2023, Tokenize, which is <span id="xdx_90E_ecustom--MinorityInterestsOwnershipPercentageByParent_iI_dp_c20230817__us-gaap--BusinessAcquisitionAxis__custom--TokenizeMember_zn9EVP7RnJy1" title="Ownership percentage">50</span>% owned of the Company, which provided its consent, entered into a Representation Agreement (the ‘RA’) with IDL Concepts, LLC (the ‘Agent’) , to represent Tokenize in a potential purchase transaction facilitated by the Agent transferring all of Tokenize’s right, title, and interest in certain Assigned Patent Rights, as defined in the RA, free and clear of any restrictions, liens, claims, and encumbrances, and may include rights to technology and software developed by Tokenize. Tokenize owns certain provisional patent applications, patent applications, patents, and/or related foreign patents and applications, and wishes potentially to sell all right, title, and interest in such patents and applications and the causes of action to sue for infringement thereof and other enforcement rights. Tokenize will pay Agent a commission of 20% of any proceeds of any closed transaction under this RA, including all cash, equity payments and any other form of consideration upon a sale, or any monetization activity under the RA. The RA carved out certain intellectual properties held by Tokenize that Tokenize is in active negotiation with third parties.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
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