2022 Q1 Form 10-Q Financial Statement
#000149315222014734 Filed on May 23, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|
| Revenue | $11.93K | $0.00 | $15.00K |
| YoY Change | -20.47% | ||
| Cost Of Revenue | $600.00 | ||
| YoY Change | |||
| Gross Profit | $11.33K | $15.00K | |
| YoY Change | -24.47% | ||
| Gross Profit Margin | 94.97% | 100.0% | |
| Selling, General & Admin | $122.6K | $36.73K | $120.4K |
| YoY Change | 1.79% | ||
| % of Gross Profit | 1081.82% | 802.8% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.300K | $2.930K | $750.00 |
| YoY Change | 73.33% | ||
| % of Gross Profit | 11.47% | 5.0% | |
| Operating Expenses | $123.9K | $39.65K | $121.2K |
| YoY Change | 2.22% | ||
| Operating Profit | -$112.5K | -$106.2K | |
| YoY Change | 5.99% | ||
| Interest Expense | -$207.7K | -$261.4K | $18.74M |
| YoY Change | -101.11% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | -$270.7K | ||
| YoY Change | |||
| Pretax Income | -$383.3K | -$1.068M | $16.37M |
| YoY Change | -102.34% | ||
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$383.3K | -$1.068M | $16.37M |
| YoY Change | -102.34% | ||
| Net Earnings / Revenue | -3212.82% | 109110.33% | |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$30.66 | -$54.85 | $1.101K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $628.9K | $56.30K | $13.11K |
| YoY Change | 4696.72% | ||
| Cash & Equivalents | $628.9K | $56.30K | $13.11K |
| Short-Term Investments | |||
| Other Short-Term Assets | $33.33K | $12.00K | |
| YoY Change | |||
| Inventory | $12.40K | ||
| Prepaid Expenses | $12.00K | ||
| Receivables | $30.00K | $0.00 | |
| Other Receivables | $24.66K | $3.780K | $18.79K |
| Total Short-Term Assets | $729.2K | $72.08K | $31.90K |
| YoY Change | 2186.02% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $24.24K | $28.14K | $31.06K |
| YoY Change | -21.96% | ||
| 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 | $747.6K | $501.5K | $1.228M |
| YoY Change | -39.11% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $729.2K | $72.08K | $31.90K |
| Total Long-Term Assets | $747.6K | $501.5K | $1.228M |
| Total Assets | $1.477M | $573.5K | $1.260M |
| YoY Change | 17.24% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.000K | $4.120K | $12.95K |
| YoY Change | -69.11% | ||
| Accrued Expenses | $35.04K | $59.19K | $9.060K |
| YoY Change | 286.75% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $429.3K | $547.7K | $326.3K |
| YoY Change | 31.58% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.167M | $1.619M | $1.247M |
| YoY Change | -6.38% | ||
| 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 | $1.167M | $1.619M | $1.247M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $1.167M | $1.619M | $1.247M |
| YoY Change | -6.38% | ||
| 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 | $309.6K | -$1.045M | $12.87K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.477M | $573.5K | $1.260M |
| YoY Change | 17.24% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$383.3K | -$1.068M | $16.37M |
| YoY Change | -102.34% | ||
| Depreciation, Depletion And Amortization | $1.300K | $2.930K | $750.00 |
| YoY Change | 73.33% | ||
| Cash From Operating Activities | -$143.0K | -$25.56K | -$269.5K |
| YoY Change | -46.95% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$100.0K | $0.00 | $0.00 |
| YoY Change | |||
| Cash From Investing Activities | -$100.0K | $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 | 254.0K | 68.75K | 277.4K |
| YoY Change | -8.42% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -143.0K | -25.56K | -269.5K |
| Cash From Investing Activities | -100.0K | 0.000 | 0.000 |
| Cash From Financing Activities | 254.0K | 68.75K | 277.4K |
| Net Change In Cash | 11.08K | 43.19K | 7.940K |
| YoY Change | 39.55% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$143.0K | -$25.56K | -$269.5K |
| Capital Expenditures | $0.00 | ||
| Free Cash Flow | -$269.5K | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
USD | |
| us-gaap |
Investment Income Interest
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|
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| CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
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| CY2022Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
USD | |
| CY2021Q2 | GTLL |
Prepaid Management Services
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|
USD | |
| CY2021Q2 | us-gaap |
Interest Receivable
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|
USD | |
| CY2021Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2022Q1 | GTLL |
Accrued Default Interest
AccruedDefaultInterest
|
USD | |
| CY2022Q1 | GTLL |
Default Principal Notes Payablethird Parties
DefaultPrincipalNotesPayablethirdParties
|
USD | |
| CY2022Q1 | GTLL |
Common Stock To Be Issued Value
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|
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| CY2021Q1 | us-gaap |
Cost Of Revenue
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|
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| CY2022Q1 | us-gaap |
Investment Income Nonoperating
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|
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| CY2021Q1 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
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Investment Income Nonoperating
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Forgiveness Of Debt And Accrued Interests
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|
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| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
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|
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Income Tax Expense Benefit
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|
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Income Tax Expense Benefit
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|
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| CY2022Q1 | GTLL |
Replaced Shares Returned
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|
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| CY2022Q1 | GTLL |
Issuance Of Value Series L Preferred Shares
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Return Of Common Shares As Per Court Order
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|
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Stock Repurchased During Period Value
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|
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| GTLL |
Stock Issued During Period Valuefor Replacement Common Stock
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| GTLL |
Cashless Exercise Of Warrant
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|
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| GTLL |
Issuance Of Value Series L Preferred Shares
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|
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| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
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|
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| GTLL |
Common Stock To Be Issued
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|
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| GTLL |
Increase Decrease In Loans Receivable
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|
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| us-gaap |
Increase Decrease In Finance Receivables
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|
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Increase Decrease In Inventories
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|
USD | ||
| us-gaap |
Increase Decrease In Prepaid Expense
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|
USD | ||
| GTLL |
Increase Decrease In Prepaid Management Services Expenses
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|
USD | ||
| us-gaap |
Increase Decrease In Accrued Interest Receivable Net
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|
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| us-gaap |
Increase Decrease In Employee Related Liabilities
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|
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Payments To Acquire Notes Receivable
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|
USD | ||
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Net Cash Provided By Used In Investing Activities
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|
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| GTLL |
Proceeds From Loans Payable
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|
USD | ||
| GTLL |
Proceeds From Issuance Of Stock For Regulation Financing
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|
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| us-gaap |
Repayments Of Related Party Debt
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|
USD | ||
| us-gaap |
Repayments Of Notes Payable
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|
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| us-gaap |
Repayments Of Convertible Debt
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|
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| us-gaap |
Income Taxes Paid Net
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|
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Income Taxes Paid Net
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|
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Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| GTLL |
Issuance Of Convertible Note For Acquisition Units
IssuanceOfConvertibleNoteForAcquisitionUnits
|
USD | ||
| GTLL |
Reduction Of Amount Per Agreement Applied To Acquisition Of Subsidiaries
ReductionOfAmountPerAgreementAppliedToAcquisitionOfSubsidiaries
|
USD | ||
| GTLL |
Issuance Of Series L Preferred Stock For Payment Of Notes Payable And Accrued Interest
IssuanceOfSeriesLPreferredStockForPaymentOfNotesPayableAndAccruedInterest
|
USD | ||
| GTLL |
Cancellation Of Common Stock As Per Court Order
CancellationOfCommonStockAsPerCourtOrder
|
USD | ||
| GTLL |
Cancellation Of Common Stock To Be Issued
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|
USD | ||
| CY2021Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2022Q1 | us-gaap |
Investments
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|
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Accounts And Notes Receivable Net
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|
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Accrued Bonuses Current And Noncurrent
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|
USD | |
| CY2021Q2 | us-gaap |
Accrued Bonuses Current And Noncurrent
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|
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| CY2022Q1 | GTLL |
Default Principal Note Payablethird Parties
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Default Principal Note Payablethird Parties
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| CY2022Q1 | GTLL |
Accrued Default Interest
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|
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Accrued Default Interest
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|
USD | |
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|
70580 | USD |
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Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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|
36363 | USD |
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Goodwill
Goodwill
|
1346646 | USD |
