2021 Q4 Form 10-Q Financial Statement
#000149315222004470 Filed on February 14, 2022
Income Statement
| Concept | 2021 Q4 | 2021 Q2 | 2020 Q4 |
|---|---|---|---|
| Revenue | $45.00K | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | $45.00K | ||
| YoY Change | |||
| Gross Profit Margin | 100.0% | ||
| Selling, General & Admin | $88.25K | $36.73K | $137.0K |
| YoY Change | -35.59% | ||
| % of Gross Profit | 196.11% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.300K | $2.930K | $760.00 |
| YoY Change | 71.05% | ||
| % of Gross Profit | 2.89% | ||
| Operating Expenses | $89.56K | $39.65K | $137.8K |
| YoY Change | -35.0% | ||
| Operating Profit | -$44.56K | -$137.8K | |
| YoY Change | -67.66% | ||
| Interest Expense | $393.7K | -$261.4K | -$18.87M |
| YoY Change | -102.09% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $376.9K | ||
| YoY Change | |||
| Pretax Income | $332.3K | -$1.068M | -$19.01M |
| YoY Change | -101.75% | ||
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $332.3K | -$1.068M | -$19.01M |
| YoY Change | -101.75% | ||
| Net Earnings / Revenue | 738.47% | ||
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | $27.64 | -$54.85 | -$1.425K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 Q2 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $617.8K | $56.30K | $5.180K |
| YoY Change | 11826.06% | ||
| Cash & Equivalents | $617.8K | $56.30K | $5.180K |
| Short-Term Investments | |||
| Other Short-Term Assets | $0.00 | $12.00K | |
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | $12.00K | ||
| Receivables | $40.00K | ||
| Other Receivables | $18.66K | $3.780K | |
| Total Short-Term Assets | $676.4K | $72.08K | $13.46K |
| YoY Change | 4925.48% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $25.54K | $28.14K | $31.82K |
| YoY Change | -19.74% | ||
| Goodwill | $473.3K | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $250.0K | ||
| YoY Change | |||
| Other Assets | $501.5K | ||
| YoY Change | |||
| Total Long-Term Assets | $648.9K | $501.5K | $1.228M |
| YoY Change | -47.18% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $676.4K | $72.08K | $13.46K |
| Total Long-Term Assets | $648.9K | $501.5K | $1.228M |
| Total Assets | $1.325M | $573.5K | $1.242M |
| YoY Change | 6.71% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.730K | $4.120K | $512.2K |
| YoY Change | -99.47% | ||
| Accrued Expenses | $29.52K | $59.19K | $266.7K |
| YoY Change | -88.93% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $319.3K | $547.7K | $1.019M |
| YoY Change | -68.66% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $971.9K | $1.619M | $22.11M |
| YoY Change | -95.6% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $971.9K | $1.619M | $22.11M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $971.9K | $1.619M | $22.11M |
| YoY Change | -95.6% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$165.2M | ||
| YoY Change | |||
| Common Stock | $162.7M | ||
| YoY Change | |||
| Preferred Stock | $1.282M | ||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $353.4K | -$1.045M | -$20.87M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.325M | $573.5K | $1.242M |
| YoY Change | 6.71% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 Q2 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $332.3K | -$1.068M | -$19.01M |
| YoY Change | -101.75% | ||
| Depreciation, Depletion And Amortization | $1.300K | $2.930K | $760.00 |
| YoY Change | 71.05% | ||
| Cash From Operating Activities | -$57.06K | -$25.56K | $96.68K |
| YoY Change | -159.02% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$150.0K | $0.00 | |
| YoY Change | |||
| Cash From Investing Activities | -$150.0K | $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 | 758.5K | 68.75K | -104.9K |
| YoY Change | -822.73% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -57.06K | -25.56K | 96.68K |
| Cash From Investing Activities | -150.0K | 0.000 | |
| Cash From Financing Activities | 758.5K | 68.75K | -104.9K |
| Net Change In Cash | 551.4K | 43.19K | -8.270K |
| YoY Change | -6767.96% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$57.06K | -$25.56K | $96.68K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
USD | |
| CY2021Q4 | GTLL |
Accrued Default Interest Current
AccruedDefaultInterestCurrent
|
USD | |
| CY2021Q4 | GTLL |
Default Principal Notes Payable Third Parties
DefaultPrincipalNotesPayableThirdParties
|
USD | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | ||
| CY2021Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
USD | |
| CY2020Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
USD | |
| us-gaap |
Gross Profit
GrossProfit
|
USD | ||
| CY2021Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
USD | |
| CY2020Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
USD | ||
| CY2021Q4 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
USD | |
| us-gaap |
Investment Income Net
InvestmentIncomeNet
|
USD | ||
| CY2020Q4 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
USD | ||
| CY2020Q4 | GTLL |
Forgiveness Of Debt And Accrued Interests
ForgivenessOfDebtAndAccruedInterests
|
USD | |
| GTLL |
Forgiveness Of Debt And Accrued Interests
ForgivenessOfDebtAndAccruedInterests
|
USD | ||
| CY2021Q4 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
USD | |
| CY2021Q4 | GTLL |
Cashless Exercise Of Warrant
CashlessExerciseOfWarrant
|
USD | |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
USD | ||
| GTLL |
Return Of Common Share Value
ReturnOfCommonShareValue
|
USD | ||
| GTLL |
Cashless Exercise Of Warrant
CashlessExerciseOfWarrant
|
USD | ||
| GTLL |
Common Stock To Be Issued For Fees
CommonStockToBeIssuedForFees
|
USD | ||
| GTLL |
Gain From Forgiveness Of Debt And Interest
GainFromForgivenessOfDebtAndInterest
|
USD | ||
| us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
USD | ||
| us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
USD | ||
| us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
USD | ||
| us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
USD | ||
| us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | ||
| GTLL |
Proceeds From Issuance Of Stock For Regulation Financing
ProceedsFromIssuanceOfStockForRegulationFinancing
|
USD | ||
| GTLL |
Proceeds From Loan
ProceedsFromLoan
|
USD | ||
| us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| GTLL |
Issuance Of Convertible Note For Acquisition
IssuanceOfConvertibleNoteForAcquisition
|
USD | ||
| GTLL |
Reduction Of Amount Per Agreement Applied To Acquisition Of Subsidiaries
ReductionOfAmountPerAgreementAppliedToAcquisitionOfSubsidiaries
|
USD | ||
| GTLL |
Cancellation Of Common Stock And Stock To Be Issued
CancellationOfCommonStockAndStockToBeIssued
|
USD | ||
| GTLL |
Cancellation Of Common Stock As Per Court Order
CancellationOfCommonStockAsPerCourtOrder
|
USD | ||
| GTLL |
Issuance Of Common Stock For Debt And Accrued Interest
IssuanceOfCommonStockForDebtAndAccruedInterest
|
USD | ||
| CY2021Q4 | us-gaap |
Investments
Investments
|
USD | |
| CY2021Q2 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
USD | |
| CY2021Q4 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
USD | |
| CY2021Q2 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
USD | |
| CY2021Q4 | GTLL |
Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
|
USD | |
| CY2021Q4 | GTLL |
Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
|
USD | |
| CY2021Q4 | GTLL |
Accrued Default Interest
AccruedDefaultInterest
|
USD | |
| CY2021Q4 | GTLL |
Accrued Default Interest
AccruedDefaultInterest
|
USD | |
| CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
70580 | USD |
| CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
36363 | USD |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
1346646 | USD |
