2017 Q1 Form 10-K Financial Statement
#000149315217003273 Filed on March 31, 2017
Income Statement
Concept | 2017 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
Revenue | $142.6K | $60.00K | $449.3K |
YoY Change | 64.91% | 50.0% | 224.76% |
Cost Of Revenue | $53.03K | $10.00K | $300.0K |
YoY Change | 51.19% | -66.67% | 300.89% |
Gross Profit | $73.16K | $40.00K | $149.2K |
YoY Change | 60.37% | 300.0% | 135.01% |
Gross Profit Margin | 51.31% | 66.67% | 33.21% |
Selling, General & Admin | $107.0K | $400.0K | $1.439M |
YoY Change | -67.58% | 81.82% | 38.93% |
% of Gross Profit | 146.25% | 1000.0% | 964.34% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $14.86K | $0.00 | $3.172K |
YoY Change | -59.06% | ||
% of Gross Profit | 20.31% | 0.0% | 2.13% |
Operating Expenses | $353.7K | $410.0K | $1.439M |
YoY Change | 5.88% | 86.36% | 37.6% |
Operating Profit | -$280.5K | -$370.0K | -$1.290M |
YoY Change | -2.73% | 76.19% | 31.3% |
Interest Expense | $29.00K | $60.00K | $17.86K |
YoY Change | 112.56% | -78.57% | 118.91% |
% of Operating Profit | |||
Other Income/Expense, Net | -$286.7K | -$90.00K | $10.02K |
YoY Change | 2001.14% | -280.0% | -98.78% |
Pretax Income | -$590.0K | -$390.0K | -$1.280M |
YoY Change | 96.67% | 95.0% | -29.04% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$567.2K | -$390.0K | -$1.280M |
YoY Change | 87.78% | 95.0% | -29.04% |
Net Earnings / Revenue | -397.82% | -650.0% | -284.85% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$75.64K | -$83.51K | -$301.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 579.7M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.00K | $7.868K | $7.870K |
YoY Change | -75.0% | -21.32% | -35.33% |
Cash & Equivalents | $13.76K | $7.868K | $7.870K |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $21.65K | $55.45K | $55.45K |
YoY Change | -69.07% | 256.38% | 256.36% |
Inventory | $59.38K | $57.64K | $57.64K |
Prepaid Expenses | |||
Receivables | $70.00K | $40.00K | $40.98K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $166.0K | $161.9K | $161.9K |
YoY Change | -27.81% | 1.71% | 1.7% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $120.8K | $131.8K | $131.8K |
YoY Change | -7.11% | 4124.1% | 4124.04% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $10.00K | $0.00 | $0.00 |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $152.7K | $146.8K | $146.8K |
YoY Change | 1.79% | 17.7% | 17.7% |
TOTAL ASSETS | |||
Total Short-Term Assets | $166.0K | $161.9K | $161.9K |
Total Long-Term Assets | $152.7K | $146.8K | $146.8K |
Total Assets | $318.7K | $308.7K | $308.7K |
YoY Change | -16.12% | 8.73% | 8.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $290.0K | $191.2K | |
YoY Change | |||
Accrued Expenses | $222.8K | $247.8K | $539.2K |
YoY Change | -38.1% | -24.92% | 64.37% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.334M | $756.3K | $556.3K |
YoY Change | 93.33% | 103.59% | 49.75% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.778M | $1.289M | $1.289M |
YoY Change | 19.32% | -4.87% | -4.87% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $430.0K | $200.0K | $200.0K |
YoY Change | 115.0% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $430.0K | $200.0K | $200.0K |
YoY Change | 115.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.778M | $1.289M | $1.289M |
Total Long-Term Liabilities | $430.0K | $200.0K | $200.0K |
Total Liabilities | $2.207M | $1.489M | $1.489M |
YoY Change | 30.59% | 9.89% | 9.89% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$20.31M | -$18.52M | |
YoY Change | 7.42% | ||
Common Stock | $579.5K | $355.4K | |
YoY Change | 34.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.888M | -$1.181M | -$1.181M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $318.7K | $308.7K | $308.7K |
YoY Change | -16.12% | 8.73% | 8.73% |
Cashflow Statement
Concept | 2017 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$567.2K | -$390.0K | -$1.280M |
YoY Change | 87.78% | 95.0% | -29.04% |
Depreciation, Depletion And Amortization | $14.86K | $0.00 | $3.172K |
YoY Change | -59.06% | ||
Cash From Operating Activities | -$169.2K | -$160.0K | -$666.1K |
YoY Change | 40.13% | -5.88% | 25.28% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$30.00K | $4.814K | |
YoY Change | 53.07% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$30.00K | -$26.21K | |
YoY Change | 733.51% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $87.50K | 180.0K | $688.0K |
YoY Change | -42.05% | 5.88% | 42.66% |
NET CHANGE | |||
Cash From Operating Activities | -$169.2K | -160.0K | -$666.1K |
Cash From Investing Activities | -30.00K | -$26.21K | |
Cash From Financing Activities | $87.50K | 180.0K | $688.0K |
Net Change In Cash | -$81.67K | -10.00K | -$4.300K |
YoY Change | -369.79% | 11453246122666650.0% | -91.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$169.2K | -$160.0K | -$666.1K |
Capital Expenditures | -$30.00K | $4.814K | |
Free Cash Flow | -$130.0K | -$670.9K | |
YoY Change | -23.53% | 25.44% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Common Stock Shares Outstanding
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|
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Entity Registrant Name
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GTX CORP | |
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Document Type
DocumentType
|
10-K | |
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Document Period End Date
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|
2016-12-31 | |
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Common Stock Shares Outstanding
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Amendment Flag
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|
false | |
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Current Fiscal Year End Date
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|
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Entity Filer Category
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|
Smaller Reporting Company | |
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Document Fiscal Period Focus
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|
FY | |
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Document Fiscal Year Focus
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2016 | |
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Common Stock Value
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0.001 | |
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0.001 | |
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Preferred Stock Shares Authorized
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|
10000000 | shares |
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Preferred Stock Shares Authorized
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Revenues
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Cost Of Goods Sold
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Cost Of Goods Sold
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Gross Profit
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|
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Gross Profit
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General And Administrative Expense
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|
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General And Administrative Expense
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|
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Salaries Wages And Officers Compensation
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|
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|
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Net Income Loss
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Interest Expense
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Derivative Gain Loss On Derivative Net
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Derivative Gain Loss On Derivative Net
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Gains Losses On Extinguishment Of Debt
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Gains Losses On Extinguishment Of Debt
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Debt Conversion Converted Instrument Amount1
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Debt Conversion Converted Instrument Amount1
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Debt Conversion Converted Instrument Amount1
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Short Term Borrowings
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Long Term Debt
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Stock Issued During Period Value Issued For Services
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Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Reclassifications</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in 2016.</p> | |
CY2016Q4 | us-gaap |
Stockholders Equity
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|
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Trading Symbol
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|
GTXO | |
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Working Capital Deficiency
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Entity Well Known Seasoned Issuer
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|
No | |
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Entity Voluntary Filers
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|
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Entity Current Reporting Status
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Retained Earnings Accumulated Deficit
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|
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Retained Earnings Accumulated Deficit
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Liabilities
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Liabilities
Liabilities
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Convertible Long Term Notes Payable
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Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
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Convertible Debt Noncurrent
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Convertible Debt Noncurrent
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Liabilities Current
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Liabilities Current
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Derivative Liabilities Current
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Derivative Liabilities Current
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Convertible Notes Payable Current
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Convertible Notes Payable Current
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Deferred Revenue Current
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Deferred Revenue Current
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|
2775 | usd |
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Accounts Payable Related Parties Current
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Accounts Payable Related Parties Current
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Accounts Payable And Accrued Liabilities Current
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Accounts Payable And Accrued Liabilities Current
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Assets
Assets
|
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Assets
Assets
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Other Intangible Assets Net
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Other Intangible Assets Net
OtherIntangibleAssetsNet
|
15000 | usd |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
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|
135301 | usd |
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
131792 | usd |
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Assets Current
AssetsCurrent
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283700 | usd |
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Assets Current
AssetsCurrent
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Other Assets Current
OtherAssetsCurrent
|
20607 | usd |
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Other Assets Current
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|
55449 | usd |
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Inventory Net
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Inventory Net
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57643 | usd |
CY2016Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
56714 | usd |
CY2015Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
40984 | usd |
CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
104119 | usd |
CY2015 | us-gaap |
Professional Fees
ProfessionalFees
|
337536 | usd |
CY2016 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-297613 | usd |
CY2015 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
10021 | usd |
CY2016 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
6571 | usd |
CY2015 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
usd | |
CY2016 | GTXO |
Accrued Salaries Converted To Convertible Promissory Notes
AccruedSalariesConvertedToConvertiblePromissoryNotes
|
428997 | usd |
CY2015 | GTXO |
Accrued Salaries Converted To Convertible Promissory Notes
AccruedSalariesConvertedToConvertiblePromissoryNotes
|
usd | |
CY2016 | GTXO |
Debt Discount On Convertible Notes Payable
DebtDiscountOnConvertibleNotesPayable
|
89500 | usd |
CY2015 | GTXO |
Debt Discount On Convertible Notes Payable
DebtDiscountOnConvertibleNotesPayable
|
usd | |
CY2016 | us-gaap |
Interest Paid
InterestPaid
|
3529 | usd |
CY2015 | us-gaap |
Interest Paid
InterestPaid
|
17858 | usd |
CY2016 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2016 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
87563 | usd |
CY2015 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-4300 | usd |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
474000 | usd |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
688000 | usd |
CY2016 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
23000 | usd |
CY2015 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
17000 | usd |
CY2016 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
497000 | usd |
CY2015 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
705000 | usd |
CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-20884 | usd |
CY2015 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-26214 | usd |
CY2016 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17419 | usd |
CY2015 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4814 | usd |
CY2016 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
3465 | usd |
CY2015 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
21400 | usd |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-365553 | usd |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-666086 | usd |
CY2016 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
480 | usd |
CY2015 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-74789 | usd |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
252902 | usd |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
215901 | usd |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
60185 | usd |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-13940 | usd |
CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
331385 | usd |
CY2015 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
517203 | usd |
CY2016 | us-gaap |
Depreciation
Depreciation
|
40935 | usd |
CY2015 | us-gaap |
Depreciation
Depreciation
|
3172 | usd |
CY2016 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
38716 | usd |
CY2016 | us-gaap |
Revenue Recognition Revenue Reductions
RevenueRecognitionRevenueReductions
|
<p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Revenue Recognition</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenues consist primarily of the sale of our GPS tracking devices and the related monthly service fees, the sale of our GPS SmartSole via various pilot programs, the monthly service fee from subscribers of the GPS Shoe, and our mobile tracking applications sold via the Apple iTunes Store and the Google Marketplace.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue from product sales when the product is shipped to the customer and title has transferred. The Company recognizes application revenue when the application is purchased by the customer. The Company assumes no remaining significant obligations associated with the product sale other than that related to its warranty program discussed below. Revenue related to monthly service fees both for the GPS SmartSole, GPS Shoes and GPS tracking devices, licensing agreements and annual subscriptions are recognized over the respective terms of the agreements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from multiple-element arrangements is allocated to the elements based on the relative fair value of each element, which is generally based on the relative sales price of each element when sold separately. Each element’s allocated revenue is recognized when the revenue recognition criteria for that element have been met. If the Company cannot objectively determine the fair value of any undelivered element included in a multiple-element arrangement, the Company defers revenue until all elements are delivered and services have been performed, or until fair value can objectively be determined for any remaining undelivered elements.</p> | |
CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2016 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
703518 | usd |
CY2015 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
13490 | usd |
CY2016 | GTXO |
Fair Value Of Common Stock Received As Income
FairValueOfCommonStockReceivedAsIncome
|
20826 | usd |
CY2015 | GTXO |
Fair Value Of Common Stock Received As Income
FairValueOfCommonStockReceivedAsIncome
|
usd | |
CY2015 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
10479 | usd |
CY2016 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
53305 | usd |
CY2015 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-42723 | usd |
CY2016 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-7817 | usd |
CY2015 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
38918 | usd |
CY2016 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001375793 | |
CY2016 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
22985 | usd |
CY2015 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
629 | usd |
CY2016Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
31041 | usd |
CY2015Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
51768 | usd |
CY2016Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
79907 | usd |
CY2015Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
5875 | usd |
CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
222343 | usd |
CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
181408 | usd |
CY2016Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
13417000 | usd |
CY2016 | GTXO |
Income Tax Expiration
IncomeTaxExpiration
|
2028 | |
CY2016 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
425000 | usd |
CY2015 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
448000 | usd |
CY2016 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-116000 | usd |
CY2015 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-171000 | usd |
CY2016 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-309000 | usd |
CY2015 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-277000 | usd |
CY2015 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2016Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4562000 | usd |
CY2015Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4270000 | usd |
CY2016Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4562000 | usd |
CY2015Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4270000 | usd |
CY2016Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2015Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2016 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Exercised Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisedDateFairValue
|
||
CY2015 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Exercised Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisedDateFairValue
|
||
CY2016 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Expired Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExpiredDateFairValue
|
||
CY2015 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Expired Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExpiredDateFairValue
|
0.02 | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
29900000 | shares |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
11150000 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
2000000 | shares |
CY2016 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
|
shares | |
CY2015 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
|
shares | |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
18750000 | shares |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
11150000 | shares |
CY2016 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod
|
shares | |
CY2015 | GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod
|
-2000000 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
452493 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
775133 | shares |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2016 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2015 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
452493 | shares |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
-322640 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.08 | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.14 | |
CY2016 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2016 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2016 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1M2D | |
CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y1M2D | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
-14942 | usd |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
14942 | usd |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
46901 | usd |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
usd | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
-31959 | usd |
CY2016 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Use of Estimates</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with generally accepted accounting principles 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2016Q4 | us-gaap |
Available For Sale Securities Equity Securities Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesNoncurrent
|
31875 | usd |
CY2015Q4 | us-gaap |
Available For Sale Securities Equity Securities Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesNoncurrent
|
usd | |
CY2016 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
69949 | usd |
CY2015 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
420232 | usd |
CY2016 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
104294 | usd |
CY2015 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
233000 | usd |
CY2016 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
154936350 | shares |
CY2015 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
90810726 | shares |
CY2016 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
839723 | usd |
CY2015 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
1170435 | usd |
CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
10507 | usd |
CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2016 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
27119 | usd |
CY2015 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
usd | |
CY2016 | us-gaap |
Stock Issued1
StockIssued1
|
87000 | usd |
CY2015 | us-gaap |
Stock Issued1
StockIssued1
|
233000 | usd |
CY2016 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
885597 | usd |
CY2015 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
90802 | usd |
CY2016 | us-gaap |
Standard Product Warranty Description
StandardProductWarrantyDescription
|
The Companys warranty policy provides repair or replacement of products (excluding GPS Shoe devices) returned for defects within ninety days of purchase. | |
CY2016 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P2Y | |
CY2016 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
117371085 | shares |
CY2015 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
81434946 | shares |
CY2016Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
110326 | usd |
CY2016Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
318671 | usd |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.35 | |
CY2016Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
0 | usd |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
shares | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
||
CY2016Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2016Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-30604 | usd |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
usd | |
CY2016 | us-gaap |
Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
|
-30604 | usd |
CY2015 | us-gaap |
Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
|
usd | |
CY2016 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-1250960 | usd |
CY2015 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-1279708 | usd |
CY2016 | GTXO |
Unrealized Loss On Available For Sale Investment
UnrealizedLossOnAvailableForSaleInvestment
|
30604 | usd |
CY2015 | GTXO |
Unrealized Loss On Available For Sale Investment
UnrealizedLossOnAvailableForSaleInvestment
|
usd | |
CY2016Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
197024 | usd |
CY2015Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
247760 | usd |