2022 Q4 Form 10-K Financial Statement

#000149315222028326 Filed on October 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q2 2022
Revenue $14.00K $17.58K $124.5K
YoY Change -68.89% 730.04%
Cost Of Revenue $12.40K $13.00K
YoY Change
Gross Profit $14.00K $5.180K $111.5K
YoY Change -68.89% 643.37%
Gross Profit Margin 100.0% 29.47% 89.56%
Selling, General & Admin $10.31K $287.7K $147.4K
YoY Change -88.31% 683.31% -59.23%
% of Gross Profit 73.67% 5554.25% 132.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.298K $1.290K $5.193K
YoY Change -0.15% -55.97% -0.13%
% of Gross Profit 9.27% 24.9% 4.66%
Operating Expenses $38.51K $289.0K $610.8K
YoY Change -57.0% 628.9% 66.52%
Operating Profit -$24.51K -$283.8K -$499.3K
YoY Change -44.99% 41.92%
Interest Expense $208.2K -$589.8K -$537.6K
YoY Change -47.11% 125.65% -26.45%
% of Operating Profit
Other Income/Expense, Net $208.2K -$779.0K
YoY Change -44.74% -79.91%
Pretax Income $183.7K -$1.347M -$1.278M
YoY Change -44.71% 26.13% -69.77%
Income Tax $0.00
% Of Pretax Income
Net Earnings $183.7K -$1.347M -$1.278M
YoY Change -44.71% 26.13% -69.77%
Net Earnings / Revenue 1312.31% -7662.06% -1026.71%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 -$275.60 -$103.60
COMMON SHARES
Basic Shares Outstanding 14.45B shares
Diluted Shares Outstanding 14.49B shares 12.34B shares

Balance Sheet

Concept 2022 Q4 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.00 $324.5K $324.5K
YoY Change -99.99% 476.36% 476.36%
Cash & Equivalents $69.00 $324.5K $324.5K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $5.000K $5.000K $5.000K
Other Receivables $17.53K $18.38K $25.90K
Total Short-Term Assets $38.95K $355.4K $355.4K
YoY Change -94.24% 393.06% 393.06%
LONG-TERM ASSETS
Property, Plant & Equipment $20.35K $22.94K $22.94K
YoY Change -20.33% -18.46% -18.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $370.3K $372.9K
YoY Change -25.63%
Total Long-Term Assets $370.3K $372.9K $372.9K
YoY Change -42.92% -25.63% -25.63%
TOTAL ASSETS
Total Short-Term Assets $38.95K $355.4K $355.4K
Total Long-Term Assets $370.3K $372.9K $372.9K
Total Assets $409.3K $728.3K $728.3K
YoY Change -69.12% 26.99% 26.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.15K $15.56K $15.56K
YoY Change 1114.36% 277.72% 277.67%
Accrued Expenses $77.59K $47.84K $47.84K
YoY Change 162.84% -19.18% -19.18%
Deferred Revenue
YoY Change
Short-Term Debt $302.3K $389.8K $389.8K
YoY Change -5.33% -28.84% -28.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $981.7K $1.676M $1.676M
YoY Change 1.01% 3.55% 3.55%
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 $981.7K $1.676M $1.676M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $981.7K $1.676M $1.676M
YoY Change 1.01% 3.55% 3.55%
SHAREHOLDERS EQUITY
Retained Earnings -$166.3M -$166.4M
YoY Change 0.77%
Common Stock $164.4M $164.1M
YoY Change 0.87%
Preferred Stock $1.385M $1.385M
YoY Change 8.02%
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$572.4K -$947.7K -$947.8K
YoY Change
Total Liabilities & Shareholders Equity $409.3K $728.3K $728.3K
YoY Change -69.12% 26.99% 26.99%

Cashflow Statement

Concept 2022 Q4 2022 Q2 2022
OPERATING ACTIVITIES
Net Income $183.7K -$1.347M -$1.278M
YoY Change -44.71% 26.13% -69.77%
Depreciation, Depletion And Amortization $1.298K $1.290K $5.193K
YoY Change -0.15% -55.97% -0.13%
Cash From Operating Activities -$3.580K -$203.5K -$484.4K
YoY Change -93.73% 696.28% 242.19%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$100.0K -$350.0K
YoY Change -100.0%
Cash From Investing Activities $0.00 -$100.0K -$350.0K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $915.2K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -830.0 $1.103M
YoY Change -100.0% -101.21% 457.32%
NET CHANGE
Cash From Operating Activities -3.580K -203.5K -$484.4K
Cash From Investing Activities 0.000 -100.0K -$350.0K
Cash From Financing Activities 0.000 -830.0 $1.103M
Net Change In Cash -3.580K -304.4K $268.2K
YoY Change -100.65% -804.7%
FREE CASH FLOW
Cash From Operating Activities -$3.580K -$203.5K -$484.4K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Investments
Investments
usd
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022 GTLL Issuance Of Series L Preferred Stock For Payment Of Notes Payable And Accrued Interest
IssuanceOfSeriesLPreferredStockForPaymentOfNotesPayableAndAccruedInterest
usd
CY2022Q2 GTLL Common Stock To Be Issued Value
CommonStockToBeIssuedValue
usd
CY2022 GTLL Issuance Of Series L Preferred Stock For Payment Of Accounts Payable
IssuanceOfSeriesLPreferredStockForPaymentOfAccountsPayable
usd
CY2022 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
CY2022 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
usd
CY2022 GTLL Writeoff Of Investment
WriteoffOfInvestment
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Stock Issued1
StockIssued1
usd
CY2021 GTLL Cancellation Of Common Stock To Be Issued
CancellationOfCommonStockToBeIssued
usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022 us-gaap Notes Issued1
NotesIssued1
usd
CY2022 GTLL Reduction Of Note In Amount Per Agreement Applied To Acquisition Of Subsidiaries
ReductionOfNoteInAmountPerAgreementAppliedToAcquisitionOfSubsidiaries
usd
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0000932021
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
usd
CY2021Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
usd
CY2021Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
usd
CY2022Q2 us-gaap Goodwill
Goodwill
usd
CY2022Q2 GTLL Accrued Default Interest Current
AccruedDefaultInterestCurrent
usd
CY2022Q2 GTLL Default Principal Notes Payablethird Parties
DefaultPrincipalNotesPayablethirdParties
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 GTLL Stock During The Period Return Of Common Shares Value As Per Court Order
StockDuringThePeriodReturnOfCommonSharesValueAsPerCourtOrder
usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
usd
CY2022 GTLL Stock Issued During Period Value Of Replacement Common Shares
StockIssuedDuringPeriodValueOfReplacementCommonShares
usd
CY2022 GTLL Stock Issued During Period Value Cashless Exercise Of Warrant
StockIssuedDuringPeriodValueCashlessExerciseOfWarrant
usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
CY2022 GTLL Common Stock To Be Issued
CommonStockToBeIssued
usd
CY2022 GTLL Writeoff Of Investment
WriteoffOfInvestment
usd
CY2022 GTLL Increase Decrease In Default Principle Notes
IncreaseDecreaseInDefaultPrincipleNotes
usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
usd
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2022 GTLL Proceeds From Loan
ProceedsFromLoan
usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q2 us-gaap Goodwill
Goodwill
usd
CY2021Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
usd
CY2022Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
usd
CY2021Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
usd
CY2022Q2 GTLL Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
usd
CY2022Q2 GTLL Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
usd
CY2022Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
usd
CY2022Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
000-25668
CY2022 dei Entity Registrant Name
EntityRegistrantName
GLOBAL TECHNOLOGIES, LTD
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-0970492
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
510 1st Ave N.
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 901
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
St. Petersburg
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33701
CY2022 dei City Area Code
CityAreaCode
(727)
CY2022 dei Local Phone Number
LocalPhoneNumber
482-1505
CY2022 dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
CY2022 dei Trading Symbol
TradingSymbol
GTLL
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Public Float
EntityPublicFloat
21626049 usd
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
14448440097 shares
CY2022 dei Auditor Firm
AuditorFirmId
5525
CY2022 dei Auditor Name
AuditorName
FRUCI & ASSOCIATES II, PLLC
CY2022 dei Auditor Location
AuditorLocation
Spokane, Washington
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
324494 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56300 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5000 usd
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12000 usd
CY2022Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
7521 usd
CY2022Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
18380 usd
CY2021Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3782 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
355395 usd
CY2021Q2 us-gaap Assets Current
AssetsCurrent
72082 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13419 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8226 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22944 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28137 usd
CY2022Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
350000 usd
CY2021Q2 us-gaap Goodwill
Goodwill
473323 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
372944 usd
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
501460 usd
CY2022Q2 us-gaap Assets
Assets
728339 usd
CY2021Q2 us-gaap Assets
Assets
573542 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
15562 usd
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
4123 usd
CY2021Q2 GTLL Accrued Default Interest Current
AccruedDefaultInterestCurrent
40216 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
47839 usd
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
18975 usd
CY2022Q2 GTLL Notes Payable Third Parties Current
NotesPayableThirdPartiesCurrent
387500 usd
CY2021Q2 GTLL Notes Payable Third Parties Current
NotesPayableThirdPartiesCurrent
649750 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
2250 usd
CY2021Q2 us-gaap Loans Payable Current
LoansPayableCurrent
11999 usd
CY2021Q2 GTLL Default Principal Notes Payablethird Parties
DefaultPrincipalNotesPayablethirdParties
137200 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
49863 usd
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
251235 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1272799 usd
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1007577 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1676087 usd
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1618605 usd
CY2022Q2 us-gaap Liabilities
Liabilities
1676087 usd
CY2021Q2 us-gaap Liabilities
Liabilities
1618605 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14991000000 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14991000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13785662319 shares
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14680293609 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
1378566 usd
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
1468029 usd
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
162732907 usd
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
161225814 usd
CY2022Q2 us-gaap Additional Paid In Capital Preferred Stock
AdditionalPaidInCapitalPreferredStock
1385113 usd
CY2021Q2 us-gaap Additional Paid In Capital Preferred Stock
AdditionalPaidInCapitalPreferredStock
1282310 usd
CY2021Q2 GTLL Common Stock To Be Issued Value
CommonStockToBeIssuedValue
144803 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-166444337 usd
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-165166022 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-947748 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-1045063 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
728339 usd
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
573542 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
124506 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
13000 usd
CY2022 us-gaap Gross Profit
GrossProfit
111506 usd
CY2021 us-gaap Gross Profit
GrossProfit
15000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
40000 usd
CY2022 us-gaap Officers Compensation
OfficersCompensation
328237 usd
CY2021 us-gaap Officers Compensation
OfficersCompensation
80000 usd
CY2022 GTLL Consulting Services
ConsultingServices
37800 usd
CY2021 GTLL Consulting Services
ConsultingServices
1700 usd
CY2022 us-gaap Depreciation
Depreciation
5193 usd
CY2021 us-gaap Depreciation
Depreciation
5196 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
92145 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
106612 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
147419 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
173296 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
610794 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
366804 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-499288 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-351804 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-51274 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
436326 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
7521 usd
CY2021 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
12197 usd
CY2021 GTLL Writeoff Of Investment
WriteoffOfInvestment
250000 usd
CY2022 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
449293 usd
CY2021 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
336786 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
473323 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
473322 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
46347 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
112593 usd
CY2022 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
22383 usd
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
225702 usd
CY2022 GTLL Loss On Issuance Of Convertible Notes
LossOnIssuanceOfConvertibleNotes
217392 usd
CY2021 GTLL Loss On Issuance Of Convertible Notes
LossOnIssuanceOfConvertibleNotes
2759425 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
425122 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
841124 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-779027 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3876857 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1278315 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4228661 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1278315 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4228661 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12337881004 shares
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14977786974 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-1045063 usd
CY2022 GTLL Stock Issued During Period Value Of Common Stock For Shares Purchased Through Regulation Offering
StockIssuedDuringPeriodValueOfCommonStockForSharesPurchasedThroughRegulationOffering
915200 usd
CY2022 GTLL Stock Issued During Period Value Of Common Stock To Noteholders In Satisfaction Of Principal And Interest
StockIssuedDuringPeriodValueOfCommonStockToNoteholdersInSatisfactionOfPrincipalAndInterest
460430 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1278315 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-947748 usd
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-1489010 usd
CY2021 GTLL Payment For Fees
PaymentForFees
196765 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3559734 usd
CY2021 GTLL Issuance Of Series L Preferred Stock In Satisfaction Of Note Payable
IssuanceOfSeriesLPreferredStockInSatisfactionOfNotePayable
424539 usd
CY2021 GTLL Issuance Of Series L Preferred Stock In Satisfaction Of Note Payable Related Party
IssuanceOfSeriesLPreferredStockInSatisfactionOfNotePayableRelatedParty
203532 usd
CY2021 GTLL Issuance Of Series L Preferred Stock As Reimbursement For Shares Returned To Company
IssuanceOfSeriesLPreferredStockAsReimbursementForSharesReturnedToCompany
65000 usd
CY2021 GTLL Issuance Of Series L Preferred Stock In Satisfaction Of Consulting Fees
IssuanceOfSeriesLPreferredStockInSatisfactionOfConsultingFees
500000 usd
CY2021 GTLL Common Stock To Be Issued Paid As Cash
CommonStockToBeIssuedPaidAsCash
-55197 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
40000 usd
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
66000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4228661 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-1045063 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1278315 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4228661 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
130319 usd
CY2021 GTLL Common Stock To Be Issued
CommonStockToBeIssued
-44803 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-51274 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
436326 usd
CY2022 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
449293 usd
CY2021 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
336786 usd
CY2022 GTLL Gain Loss On Issuance On Notes Payable
GainLossOnIssuanceOnNotesPayable
-217372 usd
CY2021 GTLL Gain Loss On Issuance On Notes Payable
GainLossOnIssuanceOnNotesPayable
-2759425 usd
CY2021 GTLL Writeoff Of Investment
WriteoffOfInvestment
250000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
473323 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
473322 usd
CY2022 us-gaap Depreciation
Depreciation
5193 usd
CY2021 us-gaap Depreciation
Depreciation
5196 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
425122 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
841124 usd
CY2022 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
31218 usd
CY2021 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-160283 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-12000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
12000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11439 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-8795 usd
CY2022 GTLL Increase Decrease In Accrued Interest Net
IncreaseDecreaseInAccruedInterestNet
78693 usd
CY2021 GTLL Increase Decrease In Accrued Interest Net
IncreaseDecreaseInAccruedInterestNet
57332 usd
CY2021 GTLL Increase Decrease In Default Principle Notes
IncreaseDecreaseInDefaultPrincipleNotes
137200 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
22000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-484410 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-141564 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
350000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-350000 usd
CY2021 GTLL Proceeds From Loan
ProceedsFromLoan
4481 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
915200 usd
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
215392 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
26597 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
223750 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
408750 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
9749 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1102604 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
197839 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
268194 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
56275 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56300 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
324494 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56300 usd
CY2022 us-gaap Stock Issued1
StockIssued1
299100 usd
CY2022 GTLL Cancellation Of Common Stock To Be Issued
CancellationOfCommonStockToBeIssued
212803 usd
CY2021 us-gaap Notes Issued1
NotesIssued1
250000 usd
CY2021 GTLL Reduction Of Note In Amount Per Agreement Applied To Acquisition Of Subsidiaries
ReductionOfNoteInAmountPerAgreementAppliedToAcquisitionOfSubsidiaries
400000 usd
CY2022 GTLL Issuance Of Common Stock For Debt
IssuanceOfCommonStockForDebt
411119 usd
CY2021 GTLL Issuance Of Common Stock For Debt
IssuanceOfCommonStockForDebt
63946 usd
CY2021 GTLL Issuance Of Series L Preferred Stock For Payment Of Notes Payable And Accrued Interest
IssuanceOfSeriesLPreferredStockForPaymentOfNotesPayableAndAccruedInterest
628071 usd
CY2021 GTLL Issuance Of Series L Preferred Stock For Payment Of Accounts Payable
IssuanceOfSeriesLPreferredStockForPaymentOfAccountsPayable
500000 usd
CY2022 GTLL Issuance Of Series L Preferred Stock For Return Of Common Stock
IssuanceOfSeriesLPreferredStockForReturnOfCommonStock
102803 usd
CY2021 GTLL Issuance Of Series L Preferred Stock For Return Of Common Stock
IssuanceOfSeriesLPreferredStockForReturnOfCommonStock
104000 usd
CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
25000 usd
CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
49000 usd
CY2022Q1 GTLL Agreement Description
AgreementDescription
the Company shall pay Donohoe an initial retainer in the amount of $17,500 and if successful a “success fee”
CY2022Q1 GTLL Success Fee Amount
SuccessFeeAmount
10000 usd
CY2022 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_800_eus-gaap--BasisOfAccounting_zKieeVtgjz38" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE B – <span id="xdx_82A_z9b8AqOXDDUe">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for financial statements and with Form 10-K and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not contain all information and footnotes required by GAAP for annual financial statements. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company’s management, the accompanying consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2022 and the results of operations, changes in stockholders’ equity, and cash flows for the periods presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2022, Global Technologies had five wholly-owned subsidiaries: TCBM Holdings, LLC (“TCBM”), HMNRTH, LLC (“HMNRTH”), 911 Help Now, LLC (“911”), Markets on Main, LLC (“MOM”) and Tersus Power, Inc. (“Tersus”). As of June 30, 2022, the Company had a minority investment in one entity, Global Clean Solutions, LLC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
CY2022 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The holders of the Class A Shares and the Class B Shares shall vote as a single class on all matters submitted to a vote of the stockholders, with each Class A Share being entitled to one (1) vote and each Class B Share being entitled to six (6) votes, except as otherwise provided by law.
CY2022Q2 us-gaap Cash
Cash
324494 usd
CY2022Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
74494 usd
CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
350000 usd
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company will continue to review this valuation allowance and make adjustments as appropriate. $28,980,000 of the net operating loss carryforward expired in the year 2022.
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_z1AiWM4yJUl3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86F_z2dqwtXbaLZ2">Concentrations of Risks</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Concentration of Accounts Receivable </span></i>–At June 30, 2022, the Company had $<span id="xdx_906_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_do_c20220630_zyslDkSiRikg" title="Accounts receivables">5,000</span> in accounts receivable. At June 30, 2021, the Company had <span id="xdx_909_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_do_c20210630_zD5Y20957VJc" title="Accounts receivables">no</span> accounts receivable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Concentration of Revenues</span></i> – For the year ended June 30, 2022, the two customers accounted for approximately <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210701__20220630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zzrRacQsmGT5" title="Concentration risk percentage">20</span>% of the Company’s revenue each. Company’s total revenues. For the year ended June 30, 2021, one customer accounted for <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20200701__20210630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zkCe3F7gWhs2" title="Concentration risk percentage">100</span>% of the Company’s total revenue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"/><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>GLOBAL TECHNOLOGIES, LTD</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>For the years ended June 30, 2022 and 2021</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i><span style="text-decoration: underline">Concentration of Suppliers </span></i>– The Company relies on a limited number of suppliers and contract manufacturers. In particular, a single supplier is currently the sole manufacturer of the Company’s CBD products.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Concentration of Loans Receivable</span></i> – The Company had <span id="xdx_90E_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_do_c20220630_zmqPaL9uAode"><span id="xdx_90C_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_do_c20210630_zkkEmf8upuPh" title="Loan receivable">no</span> </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">loan receivable at June 30, 2022 and 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Concentration of Loans Receivable, Other</span></i> –At June 30, 2022 and 2021, the Company had $<span id="xdx_90E_eus-gaap--OtherReceivablesNetCurrent_iI_do_c20220630__srt--MajorCustomersAxis__custom--OneBorrowerMember_zVOGWWnZOCP3" title="Loans receivables other">18,380</span> and $<span id="xdx_90C_eus-gaap--OtherReceivablesNetCurrent_iI_do_c20210630__srt--MajorCustomersAxis__custom--OneBorrowerMember_z91QDTVcjL9l">3,782</span> outstanding in</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">loans receivable, other, respectively. At June 30, 2022 and 2021, one borrower accounted for <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210701__20220630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--LoansReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneBorrowerMember_zZJfTnbMr8tk" title="Concentration risk percentage">100</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the Company’s total loans receivable, other.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white"><i><span style="text-decoration: underline">Concentration of Notes Receivable</span></i> – The Company had notes receivable of $<span id="xdx_90A_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_do_c20220630__srt--MajorCustomersAxis__custom--OneBorrowerMember_z47XKtRMXZ2k" title="Notes receivable">350,000</span> and $<span id="xdx_90F_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_do_c20210630__srt--MajorCustomersAxis__custom--OneBorrowerMember_zRuRDPShBpSh" title="Notes receivable">0</span> at June 30, 2022 and 2021, respectively. At June 30, 2022, one borrower accounted for <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210701__20220630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--NotesReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneBorrowerMember_zQwiS1H2uAQ1" title="Concentration risk percentage">100</span>% of the Company’s total notes receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
5000 usd
CY2021Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
0 usd
CY2022Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
0 usd
CY2021Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
0 usd
CY2022 GTLL Common Stock Returned
CommonStockReturned
390000000 shares
CY2021Q4 GTLL Number Of Shares Issued And Outstanding Shares Declared As Void
NumberOfSharesIssuedAndOutstandingSharesDeclaredAsVoid
2991000000 shares
CY2020Q3 us-gaap Investments
Investments
250000 usd
CY2021 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
12197 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-268446 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-888019 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
35767 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3717213115 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
59095209336 shares
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zl7ABkvQR4nj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_865_zaF3VYTG1C2g">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 financial statements and reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 GTLL Income Tax Reconciliation Nondeductible Expense Income From Derivative Liability
IncomeTaxReconciliationNondeductibleExpenseIncomeFromDerivativeLiability
10768 usd
CY2021 GTLL Income Tax Reconciliation Nondeductible Expense Income From Derivative Liability
IncomeTaxReconciliationNondeductibleExpenseIncomeFromDerivativeLiability
-91628 usd
CY2022 GTLL Income Tax Reconciliation Nondeductible Default Principle
IncomeTaxReconciliationNondeductibleDefaultPrinciple
4700 usd
CY2021 GTLL Income Tax Reconciliation Nondeductible Default Principle
IncomeTaxReconciliationNondeductibleDefaultPrinciple
28812 usd
CY2022 GTLL Income Tax Reconciliation Nondeductible Loss On Issuance Of Convertible Notes
IncomeTaxReconciliationNondeductibleLossOnIssuanceOfConvertibleNotes
45652 usd
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
546411 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 Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
653354 usd
CY2019Q4 us-gaap Goodwill
Goodwill
1346646 usd
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
2000000 usd
CY2019Q4 us-gaap Goodwill
Goodwill
1346646 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-1346646 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
473323 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
873323 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36363 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36363 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13419 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8226 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22944 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28137 usd
CY2022 us-gaap Depreciation
Depreciation
5193 usd
CY2021 us-gaap Depreciation
Depreciation
5196 usd
CY2021 GTLL Income Tax Reconciliation Nondeductible Loss On Issuance Of Convertible Notes
IncomeTaxReconciliationNondeductibleLossOnIssuanceOfConvertibleNotes
579479 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
89276 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
176636 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
99398 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
99398 usd
CY2022 GTLL Income Tax Reconciliation Nondeductible Expense Forgiveness Of Debt And Accrued Interest
IncomeTaxReconciliationNondeductibleExpenseForgivenessOfDebtAndAccruedInterest
-94352 usd
CY2021 GTLL Income Tax Reconciliation Nondeductible Expense Forgiveness Of Debt And Accrued Interest
IncomeTaxReconciliationNondeductibleExpenseForgivenessOfDebtAndAccruedInterest
-70725 usd
CY2022Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
387500 usd
CY2021Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
649750 usd
CY2022Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
387500 usd
CY2021Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
649750 usd
CY2022 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
449293 usd
CY2021 GTLL Forgiveness Of Debt And Accrued Interest
ForgivenessOfDebtAndAccruedInterest
336786 usd
CY2021Q2 GTLL Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
137200 usd
CY2021Q2 GTLL Default Principal Note Payablethird Parties
DefaultPrincipalNotePayablethirdParties
137200 usd
CY2021Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
40216 usd
CY2021Q2 GTLL Accrued Default Interest
AccruedDefaultInterest
40216 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1272799 usd
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1007577 usd
CY2022 GTLL Preferred Stock Rank Description
PreferredStockRankDescription
All shares of the Series K Super Voting Preferred Stock shall rank (i) senior to the Corporation’s (A) Common Stock, par value $0.0001 per share (“Common Stock”), and any other class or series of capital stock of the Corporation hereafter created, except as otherwise provided in clauses (ii) and (iii) of this Section 4, (ii) pari passu with any class or series of capital stock of the Corporation hereafter created and specifically ranking, by its terms, on par with the Series K Super Voting Preferred-Stock and (iii) junior to any class or series of capital stock of the Corporation hereafter created specifically ranking, by its terms, senior to the Series K Preferred Stock, in each case as to distribution of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
113004 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
130280 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
451785 usd
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30128849 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
451785 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30128849 usd
CY2022 GTLL Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1 pure
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-166444337 usd
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-165166022 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-484410 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-141564 usd

Files In Submission

Name View Source Status
0001493152-22-028326-index-headers.html Edgar Link pending
0001493152-22-028326-index.html Edgar Link pending
0001493152-22-028326.txt Edgar Link pending
0001493152-22-028326-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_1.jpg Edgar Link pending
form10-k_2.jpg Edgar Link pending
form10-k_3.jpg Edgar Link pending
gtll-20220630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
gtll-20220630_cal.xml Edgar Link unprocessable
gtll-20220630_def.xml Edgar Link unprocessable
gtll-20220630_lab.xml Edgar Link unprocessable
gtll-20220630_pre.xml Edgar Link unprocessable
form10-k_htm.xml Edgar Link completed
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable