2024 Q3 Form 10-K Financial Statement

#000149315224038049 Filed on September 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $669.4K $606.2K $1.058M
YoY Change 20106.0% 6121.68%
Cost Of Revenue $191.9K $212.4K $576.6K
YoY Change
Gross Profit $477.5K $393.8K $481.1K
YoY Change 13025.0% 2729.74%
Gross Profit Margin 71.34% 64.96% 45.48%
Selling, General & Admin $42.98K $187.1K $142.4K
YoY Change -12.26% 62.58% 323.97%
% of Gross Profit 9.0% 47.52% 29.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.998K $4.280K $16.15K
YoY Change 362.1% 229.23% 210.96%
% of Gross Profit 1.26% 1.09% 3.36%
Operating Expenses $210.9K $191.4K $693.0K
YoY Change -35.17% 64.44% 28.29%
Operating Profit $266.6K $202.4K -$212.0K
YoY Change -181.97% -278.46% -59.48%
Interest Expense -$10.10K -$10.72K $646.9K
YoY Change -100.65% -50.23% -515.11%
% of Operating Profit -3.79% -5.3%
Other Income/Expense, Net -$10.10K $1.024M
YoY Change -100.65% -300.47%
Pretax Income $256.5K $285.9K $812.1K
YoY Change -79.05% -158.35% -178.53%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $256.5K $285.9K $812.1K
YoY Change -79.05% -158.35% -178.53%
Net Earnings / Revenue 38.32% 47.16% 76.78%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 14.69B shares 14.69B shares
Diluted Shares Outstanding 14.69B shares 14.68B shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $292.9K $115.8K $115.8K
YoY Change 2120.32% 532.51% 532.51%
Cash & Equivalents $292.9K $115.7K $115.8K
Short-Term Investments
Other Short-Term Assets $225.0K $225.0K $225.0K
YoY Change
Inventory
Prepaid Expenses $225.0K $225.0K
Receivables $156.6K $184.7K $184.7K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $674.5K $525.4K $525.4K
YoY Change 5013.5% 2771.25% 2771.26%
LONG-TERM ASSETS
Property, Plant & Equipment $120.6K $126.6K $126.6K
YoY Change 633.01% 613.2% 613.3%
Goodwill $7.686M $7.686M
YoY Change 165.94%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.831M $7.837M $0.00
YoY Change 20.36% 23829.05% -100.0%
Total Long-Term Assets $7.831M $7.837M $7.837M
YoY Change 20.36% 23829.05% 23830.5%
TOTAL ASSETS
Total Short-Term Assets $674.5K $525.4K $525.4K
Total Long-Term Assets $7.831M $7.837M $7.837M
Total Assets $8.506M $8.363M $8.363M
YoY Change 30.46% 16280.71% 16281.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.35K $90.79K $90.79K
YoY Change 383.05% 186.78% 186.77%
Accrued Expenses $110.9K $144.0K $144.0K
YoY Change -3.2% 92.02% 92.02%
Deferred Revenue
YoY Change
Short-Term Debt $463.3K $503.3K $503.3K
YoY Change -87.1% 28.3% 28.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.717M $6.830M $6.830M
YoY Change 0.65% 306.66% 306.66%
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 $6.717M $6.830M $6.830M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.717M $6.830M $6.830M
YoY Change 0.65% 306.66% 306.66%
SHAREHOLDERS EQUITY
Retained Earnings -$166.4M -$166.7M
YoY Change 0.09% -0.48%
Common Stock $162.9M $162.9M
YoY Change 0.89% 0.9%
Preferred Stock $1.861M $1.861M
YoY Change 9.33% 26.41%
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.789M $1.532M $1.532M
YoY Change
Total Liabilities & Shareholders Equity $8.506M $8.363M $8.363M
YoY Change 30.46% 16280.71% 16281.35%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $256.5K $285.9K $812.1K
YoY Change -79.05% -158.35% -178.53%
Depreciation, Depletion And Amortization $5.998K $4.280K $16.15K
YoY Change 362.1% 229.23% 210.96%
Cash From Operating Activities $217.1K $101.2K -$38.74K
YoY Change -311.35% -261.73% -90.13%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$40.00K -130.0K $136.2K
YoY Change -140.98% -235.64% 34.51%
NET CHANGE
Cash From Operating Activities $217.1K 101.2K -$38.74K
Cash From Investing Activities 0.000
Cash From Financing Activities -$40.00K -130.0K $136.2K
Net Change In Cash $177.1K -28.83K $97.45K
YoY Change -3566.03% -257.63% -131.83%
FREE CASH FLOW
Cash From Operating Activities $217.1K $101.2K -$38.74K
Capital Expenditures
Free Cash Flow
YoY Change

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StockholdersEquity
-4528007 usd
CY2024 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
250000 usd
CY2024 GTLL Stock Cancelled During Period Value Preferred Stock Compensation
StockCancelledDuringPeriodValuePreferredStockCompensation
-30000 usd
CY2024 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
30000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
-500512 usd
CY2024 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
125000 usd
CY2024 GTLL Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature One
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeatureOne
1575002 usd
CY2024 GTLL Stock Issued Exchange Of Shares To Be Issued
StockIssuedExchangeOfSharesToBeIssued
1921409 usd
CY2024 GTLL Stock Cancelled During Period Value Preferred Stock Compensation One
StockCancelledDuringPeriodValuePreferredStockCompensationOne
-220000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2007498 usd
CY2024 GTLL Stock Issued During Period Value Share Based Compensation One
StockIssuedDuringPeriodValueShareBasedCompensationOne
90000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
812081 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
812081 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1532471 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1532471 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
812081 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-1034040 usd
CY2024 GTLL Exchange Of Stock And Issuing Preferred Stock For Bonus Compensation
ExchangeOfStockAndIssuingPreferredStockForBonusCompensation
182500 usd
CY2023 GTLL Issuance Of Stock And Warrants For Services Or Claims One
IssuanceOfStockAndWarrantsForServicesOrClaimsOne
27171 usd
CY2024 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1545336 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-67799 usd
CY2024 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
25000 usd
CY2024 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
180378 usd
CY2024 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
120000 usd
CY2023 GTLL Issuance Of Stock And Warrants For Services Or Claims Two
IssuanceOfStockAndWarrantsForServicesOrClaimsTwo
75000 usd
CY2023 GTLL Writeoff Of Notes And Accrued Interest Receivable
WriteoffOfNotesAndAccruedInterestReceivable
369838 usd
CY2024 us-gaap Depreciation
Depreciation
16145 usd
CY2023 us-gaap Depreciation
Depreciation
5192 usd
CY2024 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
692603 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
49863 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
184692 usd
CY2024 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
225000 usd
CY2024 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
58333 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
59128 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16095 usd
CY2024 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
130878 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
30645 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38738 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-392437 usd
CY2023 GTLL Deposit On Building
DepositOnBuilding
15000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15000 usd
CY2023 GTLL Borrowings From Loans Payable Officer
BorrowingsFromLoansPayableOfficer
11243 usd
CY2024 GTLL Proceeds From Notes Payablehird Parties
ProceedsFromNotesPayablehirdParties
45000 usd
CY2023 GTLL Proceeds From Notes Payablehird Parties
ProceedsFromNotesPayablehirdParties
90000 usd
CY2024 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
30000 usd
CY2024 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
61185 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136185 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
101243 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
97447 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-306194 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18300 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
324494 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115747 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18300 usd
CY2024 GTLL Issuance Of Preferred Stock For Asset Purchase
IssuanceOfPreferredStockForAssetPurchase
125000 usd
CY2023 GTLL Issuance Of Common Stock For Debt
IssuanceOfCommonStockForDebt
251098 usd
CY2023 GTLL Issuance Of Series L Preferred Stock For Payment Of Notes Payable And Accrued Interest
IssuanceOfSeriesLPreferredStockForPaymentOfNotesPayableAndAccruedInterest
75000 usd
CY2024 GTLL Accrual For Contingent Consideration Of Acquisition
AccrualForContingentConsiderationOfAcquisition
5764227 usd
CY2024 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_800_eus-gaap--BasisOfAccounting_zzFmHDt4NCR" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE B – <span id="xdx_82D_zt5pXWkjpGib">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; 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; margin-left: 0; 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”). 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, 2024 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2024Q2 us-gaap Cash
Cash
115747 usd
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
0 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zg7GIBBH7vda" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_869_zgqUSfTMvlrb">Concentrations of Risks</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; 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; margin-left: 0.5in; 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>– On June 30, 2024 and June 30, 2023, the Company had $<span id="xdx_907_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_c20240630_zeRdxIT2Ogs7" title="Accounts receivables">184,692</span> and $<span id="xdx_90E_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_c20230630_z0QL7rSkU5u6" title="Accounts receivables"><span style="-sec-ix-hidden: xdx2ixbrl0778">-</span></span> in accounts receivable, respectively. All of the accounts receivable at June 30, 2024 was from one supplier.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; 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; margin-left: 0.5in; text-align: justify"><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 years ended June 30, 2024 and 2023, the Company generated revenue of $<span id="xdx_902_eus-gaap--Revenues_c20230701__20240630_z7R9fTvnbQ5h" title="Revenues">1,057,685</span></span> and $<span id="xdx_90C_eus-gaap--Revenues_c20220701__20230630_z477k9sTdKJ9" title="Revenues">17,000</span>, respectively. All of the Company’s revenue for the year ended June 30, 2024 was generated through 10 Fold Services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; 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; margin-left: 0; 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; margin-left: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Concentration of Suppliers</span></i> – For the years ended June 30, 2024 and 2023, the Company had <span id="xdx_905_eus-gaap--PaymentsToSuppliers_c20230701__20240630_zT4X6kem7Sb7">2 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and <span id="xdx_909_eus-gaap--PaymentsToSuppliers_c20220701__20230630_z7p9gQu64Vcc">0 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">suppliers, respectively. The two suppliers, pharmaceutical compounding companies, are for the sales generated through 10 Fold Services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
184692 usd
CY2024 us-gaap Revenues
Revenues
1057685 usd
CY2023 us-gaap Revenues
Revenues
17000 usd
CY2024 us-gaap Payments To Suppliers
PaymentsToSuppliers
2 usd
CY2023 us-gaap Payments To Suppliers
PaymentsToSuppliers
0 usd
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000000000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000000000 shares
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zU1Peb5SYCMh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_862_zCykDP7pGoAe">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; 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; margin-left: 0; 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; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
184692 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
184692 usd
CY2024Q2 GTLL Prepaid Deposits
PrepaidDeposits
225000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
225000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
36363 usd
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
36363 usd
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
125000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
161363 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36363 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34756 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18611 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
126607 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17752 usd
CY2024 us-gaap Depreciation
Depreciation
16145 usd
CY2023 us-gaap Depreciation
Depreciation
5192 usd
CY2024Q2 us-gaap Loans Payable Current
LoansPayableCurrent
68269 usd
CY2023Q2 us-gaap Loans Payable Current
LoansPayableCurrent
2250 usd
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
327947 usd
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1180680 usd
CY2024 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
CY2024 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
CY2024 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
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
170537 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-217148 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
63525 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
15750 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
145447 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
10471 usd
CY2024 GTLL Income Tax Reconciliation Nondeductible Expense Forgiveness Of Debt And Accrued Interest
IncomeTaxReconciliationNondeductibleExpenseForgivenessOfDebtAndAccruedInterest
-41335 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-13653 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
176689 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
12250 usd
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
735243 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
738549 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
747493 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
738549 usd
CY2024 GTLL Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1 pure
CY2024 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company will continue to review this valuation allowance and make adjustments as appropriate. $3,141,427 of the net operating loss carry forward expired in the year 2023.
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3141427 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-166666296 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38738 usd
CY2024 GTLL No Insider Trading Flag
NoInsiderTradingFlag
true

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