2020 Q1 Form 10-Q Financial Statement
#000167479620000016 Filed on May 15, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $34.82K | $25.48K | $36.31K |
YoY Change | -4.1% | -26.4% | -9.23% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $34.82K | $25.48K | $36.31K |
YoY Change | -4.1% | -26.4% | -9.23% |
Operating Profit | -$34.82K | -$36.31K | |
YoY Change | -4.1% | -4.14% | |
Interest Expense | -$20.00 | $0.00 | -$8.940K |
YoY Change | -99.78% | -100.0% | -10.6% |
% of Operating Profit | |||
Other Income/Expense, Net | -$15.00 | -$8.937K | |
YoY Change | -99.83% | 0.0% | |
Pretax Income | -$34.83K | -$25.48K | -$45.25K |
YoY Change | -23.03% | -41.49% | -9.5% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$34.83K | -$25.48K | -$45.25K |
YoY Change | -23.03% | -41.49% | -9.5% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$10.66K | -$6.945K | -$18.48K |
COMMON SHARES | |||
Basic Shares Outstanding | 4.248M shares | 36.72M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | $1.960K | $0.00 |
YoY Change | |||
Cash & Equivalents | $0.00 | $1.955K | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $0.00 | $0.00 | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $0.00 | $1.955K | $0.00 |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $0.00 | $1.955K | $0.00 |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $0.00 | $1.955K | $0.00 |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.060K | $5.390K | $515.4K |
YoY Change | -99.41% | -98.94% | 1.05% |
Accrued Expenses | $30.00K | $0.00 | $1.526M |
YoY Change | -98.03% | -100.0% | 11.36% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $5.200K | $0.00 | $1.375M |
YoY Change | -99.62% | -100.0% | 1.12% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $38.26K | $5.385K | $3.416M |
YoY Change | -98.88% | -99.84% | 5.44% |
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 | $38.26K | $5.385K | $3.416M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $38.26K | $5.385K | $3.416M |
YoY Change | -98.88% | -99.84% | 5.44% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.401M | -$5.366M | -$5.838M |
YoY Change | -7.49% | -7.36% | 3.12% |
Common Stock | $4.248K | $4.248K | $36.72K |
YoY Change | -88.43% | 73.53% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$38.26K | -$3.430K | -$3.416M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $0.00 | $1.955K | $0.00 |
YoY Change |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$34.83K | -$25.48K | -$45.25K |
YoY Change | -23.03% | -41.49% | -9.5% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$5.050K | -$15.00K | $0.00 |
YoY Change | 233.33% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $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 | 3.090K | 0.000 | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -5.050K | -15.00K | 0.000 |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 3.090K | 0.000 | 0.000 |
Net Change In Cash | -1.960K | -15.00K | 0.000 |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.050K | -$15.00K | $0.00 |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
0 | usd |
CY2020Q1 | us-gaap |
Assets Current
AssetsCurrent
|
0 | usd |
CY2019Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1955 | usd |
CY2020Q1 | us-gaap |
Assets
Assets
|
0 | usd |
CY2019Q4 | us-gaap |
Assets
Assets
|
1955 | usd |
CY2020Q1 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
2113 | usd |
CY2019Q4 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
0 | usd |
CY2020Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1571 | usd |
CY2019Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3910 | usd |
CY2020Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1490 | usd |
CY2019Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1475 | usd |
CY2020Q1 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
30000 | usd |
CY2019Q4 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
0 | usd |
CY2020Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
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3090 | usd |
CY2019Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
0 | usd |
CY2020Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
38264 | usd |
CY2019Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5385 | usd |
CY2020Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2020Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2020-03-31 | |
CY2020Q1 | dei |
Entity File Number
EntityFileNumber
|
000-15303 | |
CY2020Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
HST Global, Inc. | |
CY2020Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2020Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
73-1215433 | |
CY2020Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
150 Research Drive | |
CY2020Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Hampton | |
CY2020Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
VA | |
CY2020Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
23666 | |
CY2020Q1 | dei |
City Area Code
CityAreaCode
|
757 | |
CY2020Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
766-6100 | |
CY2020Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
4247993 | shares |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1955 | usd |
CY2020Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
0 | usd |
CY2020Q1 | us-gaap |
Liabilities
Liabilities
|
38264 | usd |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
5385 | usd |
CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2020Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2020Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2020Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4247993 | shares |
CY2020Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4247993 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4247993 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4247993 | shares |
CY2020Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
4248 | usd |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
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4248 | usd |
CY2020Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5358236 | usd |
CY2019Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5358236 | usd |
CY2020Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5365914 | usd |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-38264 | usd |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3430 | usd |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
0 | usd |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1955 | usd |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2020Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
30000 | usd |
CY2019Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
30000 | usd |
CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4818 | usd |
CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6308 | usd |
CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
34818 | usd |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
36308 | usd |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
15 | usd |
CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
8937 | usd |
CY2020Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-15 | usd |
CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-8937 | usd |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-34833 | usd |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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-45245 | usd |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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0 | usd |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34833 | usd |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45245 | usd |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
3268814 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
2447991 | shares |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-34833 | usd |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-45245 | usd |
CY2020Q1 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
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CY2019Q1 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
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CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2020Q1 | us-gaap |
Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
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CY2019Q1 | us-gaap |
Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
|
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CY2020Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
3090 | usd |
CY2019Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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0 | usd |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2340 | usd |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6182 | usd |
CY2020Q1 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
30000 | usd |
CY2019Q1 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
30000 | usd |
CY2020Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
15 | usd |
CY2019Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
8937 | usd |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1955 | usd |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
0 | usd |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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CY2019Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2020Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd |
CY2019Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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0 | usd |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1955 | usd |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
0 | usd |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1955 | usd |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2020Q1 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2019Q1 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2020Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000"><b>NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES </b></p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">HST Global, Inc. (the "Company") was incorporated on April 11, 1984 under the laws of the State of Delaware under the name of NT Holding Corporation. The Company has made several acquisitions and disposals of various business entities and activities. On May 9, 2008, the Company entered into a Merger and share exchange agreement with Health Source Technologies, Inc. This business acquisition has been accounted for as a reverse merger or recapitalization of Health Source Technologies, Inc. At the time of the merger NT Holding Corporation had disposed of its assets and liabilities and had minimal operations. Immediately after the acquisition the Company changed its name to HST Global, Inc. Health Source Technologies, Inc. was incorporated under the laws of the State of Nevada on August 6, 2007. The Company is currently headquartered in Hampton, Virginia.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">The accompanying interim financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, do not include all information and footnotes necessary for a complete presentation of the Company’s financial position, results of operations, cash flows, and stockholders’ equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. The unaudited quarterly financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K of the Company as of and for the fiscal year ended December 31, 2019. The results of operations for the period ended March 31, 2020, are not necessarily indicative of the results for a full-year period.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">HST Global, Inc. is an integrated Health and Wellness Biotechnology company that intends to developing and/or acquiring a network of Wellness Centers worldwide with the primary focus on homeopathic and alternative treatments of late stage cancer and other life threatening diseases. In addition, the Company intends to acquire innovative products for the treatment of life threatening diseases. The Company primarily focuses on homeopathic and alternative product candidates that are undergoing or have already completed significant clinical testing for the treatment of late stage cancer and/or life threatening diseases.</p> | |
CY2020Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000"><span style="border-bottom:1px solid #000000">Basis of Presentation</span></p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">The accompanying financial statements and related notes include the activity of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-K and 10-Q. </p> | |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
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<p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000"><span style="border-bottom:1px solid #000000">Use of Estimates</span></p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> |