$MLRT
Metalert, Inc. Stock $mlrt

$mlrt Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-K Financial Statement

#000149315218004695 Filed on April 03, 2018

Income Statement

Concept	2018 Q1	2017	2016 Q4
Revenue	$251.1K	$538.4K	$200.0K
YoY Change	76.1%	-23.48%	233.33%
Cost Of Revenue	$62.43K	$209.8K	$130.0K
YoY Change	17.73%	-39.44%	1200.0%
Gross Profit	$177.6K	$328.6K	$80.00K
YoY Change	142.83%	-7.99%	100.0%
Gross Profit Margin	70.76%	61.04%	40.0%
Selling, General & Admin	$86.42K	$383.4K	$350.0K
YoY Change	-19.23%	-70.05%	-12.5%
% of Gross Profit	48.65%	116.67%	437.5%
Research & Development	$9.080K	$49.13K
YoY Change		1257.45%
% of Gross Profit	5.11%	14.95%
Depreciation & Amortization	$17.40K	$62.45K	$10.00K
YoY Change	17.11%	52.55%
% of Gross Profit	9.8%	19.0%	12.5%
Operating Expenses	$329.9K	$1.360M	$350.0K
YoY Change	-6.71%	6.26%	-14.63%
Operating Profit	-$152.3K	-$1.031M	-$270.0K
YoY Change	-45.71%	11.78%	-27.03%
Interest Expense	$46.20K	$75.13K	$150.0K
YoY Change	59.32%	11.8%	150.0%
% of Operating Profit
Other Income/Expense, Net	-$163.6K	-$234.9K	-$270.0K
YoY Change	-42.93%	-21.06%	200.0%
Pretax Income	-$360.0K	-$1.266M	-$410.0K
YoY Change	-38.98%	3.77%	5.13%
Income Tax
% Of Pretax Income
Net Earnings	-$315.9K	-$1.266M	-$410.0K
YoY Change	-44.31%	3.77%	5.13%
Net Earnings / Revenue	-125.81%	-235.21%	-205.0%
Basic Earnings Per Share
Diluted Earnings Per Share	-$33.90K	-$154.7K	-$63.76K
COMMON SHARES
Basic Shares Outstanding	773.5M shares		463.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q1	2017	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.00K	$1.450K	$100.0K
YoY Change	100.0%	-98.48%	1170.97%
Cash & Equivalents	$22.95K	$1.450K	$95.43K
Short-Term Investments
Other Short-Term Assets	$41.57K	$60.15K	$20.61K
YoY Change	92.0%	191.85%	-62.84%
Inventory	$44.03K	$57.84K	$110.9K
Prepaid Expenses
Receivables	$180.0K	$93.13K	$60.00K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$285.9K	$212.6K	$283.7K
YoY Change	72.16%	-25.07%	75.18%
LONG-TERM ASSETS
Property, Plant & Equipment	$111.3K	$116.2K	$135.3K
YoY Change	-7.81%	-14.09%	2.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$3.230K	$30.00K
YoY Change	-100.0%	-89.87%
Other Assets
YoY Change
Total Long-Term Assets	$130.3K	$137.0K	$185.6K
YoY Change	-14.69%	-26.21%	26.47%
TOTAL ASSETS
Total Short-Term Assets	$285.9K	$212.6K	$283.7K
Total Long-Term Assets	$130.3K	$137.0K	$185.6K
Total Assets	$416.1K	$349.6K	$469.3K
YoY Change	30.56%	-25.52%	52.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$283.1K	$297.8K	$305.8K
YoY Change	-2.4%	-2.61%
Accrued Expenses	$341.8K	$289.3K	$197.0K
YoY Change	53.4%	30.91%	-20.48%
Deferred Revenue
YoY Change
Short-Term Debt	$1.946M	$981.8K	$1.387M
YoY Change	45.85%	13.13%	83.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.126M	$1.888M	$1.518M
YoY Change	19.58%	24.41%	17.7%
LONG-TERM LIABILITIES
Long-Term Debt	$670.0K	$670.1K	$430.0K
YoY Change	55.81%	56.19%	115.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$670.0K	$670.1K	$430.0K
YoY Change	55.81%	56.19%	115.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.126M	$1.888M	$1.518M
Total Long-Term Liabilities	$670.0K	$670.1K	$430.0K
Total Liabilities	$2.796M	$2.558M	$1.947M
YoY Change	26.7%	31.41%	30.69%
SHAREHOLDERS EQUITY
Retained Earnings	-$21.37M		-$19.74M
YoY Change	5.23%		6.59%
Common Stock	$771.2K		$510.4K
YoY Change	33.09%		43.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.380M	-$2.208M	-$1.477M
YoY Change
Total Liabilities & Shareholders Equity	$416.1K	$349.6K	$469.3K
YoY Change	30.56%	-25.52%	52.02%

Cashflow Statement

Concept	2018 Q1	2017	2016 Q4
OPERATING ACTIVITIES
Net Income	-$315.9K	-$1.266M	-$410.0K
YoY Change	-44.31%	3.77%	5.13%
Depreciation, Depletion And Amortization	$17.40K	$62.45K	$10.00K
YoY Change	17.11%	52.55%
Cash From Operating Activities	-$185.0K	-$632.2K	$20.00K
YoY Change	9.36%	72.94%	-112.5%
INVESTING ACTIVITIES
Capital Expenditures		$7.778K	-$10.00K
YoY Change		-55.35%	-66.67%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities		-$7.778K	-$10.00K
YoY Change		-62.76%	-66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$206.5K	$546.0K	50.00K
YoY Change	136.0%	15.19%	-72.22%
NET CHANGE
Cash From Operating Activities	-$185.0K	-$632.2K	20.00K
Cash From Investing Activities		-$7.778K	-10.00K
Cash From Financing Activities	$206.5K	$546.0K	50.00K
Net Change In Cash	$21.50K	-$93.98K	60.00K
YoY Change	-126.32%	-207.33%	-700.0%
FREE CASH FLOW
Cash From Operating Activities	-$185.0K	-$632.2K	$20.00K
Capital Expenditures		$7.778K	-$10.00K
Free Cash Flow		-$640.0K	$30.00K
YoY Change		67.11%	-123.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017	dei	Document Type DocumentType	10-K
CY2017	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
CY2017	dei	Amendment Flag AmendmentFlag	false
CY2017	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2017	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2017	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2071000000	shares
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2071000000	shares
CY2017	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	423682	usd
CY2016	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	885597	usd
CY2017	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	430120	usd
CY2016	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	422879	usd
CY2016Q2	invest	Investment Interest Rate InvestmentInterestRate	0.45
CY2016Q4	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	0	usd
CY2017Q4	us-gaap	Accrued Salaries Current And Noncurrent AccruedSalariesCurrentAndNoncurrent	0	usd
CY2017	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2019-03-31
CY2016Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	1386928	usd
CY2017Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	1793922	usd
CY2016Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	-90119	usd
CY2017Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	-142117	usd
CY2016Q4	us-gaap	Convertible Debt ConvertibleDebt	1296809	usd
CY2017Q4	us-gaap	Convertible Debt ConvertibleDebt	1651805	usd
CY2017Q1	us-gaap	Convertible Debt ConvertibleDebt	10000	usd
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	428997	usd
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	670047	usd
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	349556	usd
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-19739419	usd
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-21005763	usd
CY2017	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	20325	usd
CY2016	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	16000	usd
CY2017	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	94250	usd
CY2016	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	296550	usd
CY2017	dei	Trading Symbol TradingSymbol	GTXO
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-1477265	usd
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	-2208477	usd
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-1180700	usd
CY2017	dei	Entity Central Index Key EntityCentralIndexKey	0001375793
CY2017	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 Exercised Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisedDateFairValue
CY2017	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
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
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	29900000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	39900000	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	11150000	shares
CY2017	GTXO	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod		shares
CY2016	GTXO	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod		shares
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	10000000	shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	18750000	shares
CY2017	GTXO	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod		shares
CY2016	GTXO	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod		shares
CY2016Q4	us-gaap	Available For Sale Securities Equity Securities Noncurrent AvailableForSaleSecuritiesEquitySecuritiesNoncurrent	31875	usd
CY2017Q4	us-gaap	Available For Sale Securities Equity Securities Noncurrent AvailableForSaleSecuritiesEquitySecuritiesNoncurrent	3230	usd
CY2017Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	201050	usd
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	469341	usd
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-30604	usd
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-59249	usd
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	17782391	usd
CY2017Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18152287	usd
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	510367	usd
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	704248	usd
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2016Q4	us-gaap	Liabilities Liabilities	1946606	usd
CY2017Q4	us-gaap	Liabilities Liabilities	2558033	usd
CY2016Q4	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	428997	usd
CY2017Q4	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	670047	usd
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1517609	usd
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1887986	usd
CY2016Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	78112	usd
CY2017Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	261172	usd
CY2016Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	867812	usd
CY2017	GTXO	Fair Value Of Common Stock Received As Income FairValueOfCommonStockReceivedAsIncome		usd
CY2016	GTXO	Fair Value Of Common Stock Received As Income FairValueOfCommonStockReceivedAsIncome	20826	usd
CY2017	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	41574	usd
CY2017Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	981758	usd
CY2016Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	44908	usd
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	57934	usd
CY2016Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	23992	usd
CY2017Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	45668	usd
CY2016Q4	us-gaap	Assets Assets	469341	usd
CY2017Q4	us-gaap	Assets Assets	349556	usd
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	135301	usd
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	116234	usd
CY2016Q4	us-gaap	Assets Current AssetsCurrent	283700	usd
CY2017Q4	us-gaap	Assets Current AssetsCurrent	212572	usd
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	20607	usd
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	60153	usd
CY2016Q4	us-gaap	Inventory Net InventoryNet	110948	usd
CY2017Q4	us-gaap	Inventory Net InventoryNet	57835	usd
CY2016Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	56714	usd
CY2017Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	93130	usd
CY2017	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-234943	usd
CY2016	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-297613	usd
CY2017	us-gaap	Interest Expense InterestExpense	75128	usd
CY2016	us-gaap	Interest Expense InterestExpense	67200	usd
CY2017	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	309142	usd
CY2016	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	703518	usd
CY2017	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2016	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2017	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-93977	usd
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	87563	usd
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	546000	usd
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	474000	usd
CY2017	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	10000	usd
CY2016	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	23000	usd
CY2017	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	556000	usd
CY2016	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	497000	usd
CY2017	GTXO	Unrealized Loss On Available For Sale Investment UnrealizedLossOnAvailableForSaleInvestment	28645	usd
CY2016	GTXO	Unrealized Loss On Available For Sale Investment UnrealizedLossOnAvailableForSaleInvestment	30604	usd
CY2016Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	18465	usd
CY2017Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	17520	usd
CY2017	us-gaap	Depreciation Depreciation	62446	usd
CY2016	us-gaap	Depreciation Depreciation	40935	usd
CY2017	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	5159	usd
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	22985	usd
CY2017	us-gaap	Share Based Compensation ShareBasedCompensation	133656	usd
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	331385	usd
CY2017	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	423682	usd
CY2016	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	885597	usd
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	38716	usd
CY2017	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-53114	usd
CY2016	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	53305	usd
CY2017	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	74203	usd
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-7817	usd
CY2017	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	100566	usd
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	60185	usd
CY2017	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	267415	usd
CY2016	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	252902	usd
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-632199	usd
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-365553	usd
CY2017	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	13026	usd
CY2016	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	480	usd
CY2017	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7778	usd
CY2016	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	17419	usd
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7778	usd
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-20884	usd
CY2017	us-gaap	Stock Issued1 StockIssued1	7875	usd
CY2016	us-gaap	Stock Issued1 StockIssued1	87000	usd
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	197024	usd
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	243675	usd
CY2017	us-gaap	Gross Profit GrossProfit	328615	usd
CY2016	us-gaap	Gross Profit GrossProfit	357163	usd
CY2017	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	209773	usd
CY2016	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	346407	usd
CY2017	us-gaap	Revenues Revenues	538388	usd
CY2016	us-gaap	Revenues Revenues	703570	usd
CY2017	us-gaap	Sales Revenue Net SalesRevenueNet	421735	usd
CY2016	us-gaap	Sales Revenue Net SalesRevenueNet	432744	usd
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	-1031401	usd
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	-922743	usd
CY2017	us-gaap	Operating Expenses OperatingExpenses	1360016	usd
CY2016	us-gaap	Operating Expenses OperatingExpenses	1279906	usd
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	338950	usd
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	268156	usd
CY2017	us-gaap	Professional Fees ProfessionalFees	285295	usd
CY2016	us-gaap	Professional Fees ProfessionalFees	440438	usd
CY2017	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	44446	usd
CY2016	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense		usd
CY2017	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	642199	usd
CY2016	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	567693	usd
CY2017	us-gaap	Net Income Loss NetIncomeLoss	-1266344	usd
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-1220356	usd
CY2017	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
CY2016	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-41763	usd
CY2017	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00
CY2017	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	614124141	shares
CY2016	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	414360883	shares
CY2017	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-1325593	usd
CY2016	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-1250960	usd
CY2017	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2016	us-gaap	Interest Paid Net InterestPaidNet	3529	usd
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	510367631	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	704248645	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	510367631	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	704248645	shares
CY2017Q4	GTXO	Working Capital Deficiency WorkingCapitalDeficiency	1675414	usd
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	95431	usd
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1454	usd
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7868	usd
CY2017	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	507195	usd
CY2016	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	839723	usd
CY2017	us-gaap	Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	193881014	shares
CY2016	us-gaap	Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	154936350	shares
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	773474456	shares
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2016Q4	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings	867812	usd
CY2017Q4	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings	981758	usd
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	us-gaap	Stockholders Equity Other StockholdersEquityOther	104294	usd
CY2017	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	392620	usd
CY2016	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	422879	usd
CY2016	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	114672	usd
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	10507	usd
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	22312	usd
CY2017	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.
CY2017	us-gaap	Property Plant And Equipment Useful Life PropertyPlantAndEquipmentUsefulLife	P2Y
CY2017	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	386364706	shares
CY2016	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	117371085	shares
CY2016Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	31041	usd
CY2017Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	33928	usd
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	79907	usd
CY2017Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	23907	usd
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	222343	usd
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	283529	usd
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	431000	usd
CY2016	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	425000	usd
CY2017	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-37000	usd
CY2016	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	-116000	usd
CY2017	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-1501000	usd
CY2016	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-309000	usd
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	4562000	usd
CY2017Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	3061000	usd
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		usd
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		usd
CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4562000	usd
CY2017Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3061000	usd
CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2017Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber		shares
CY2017Q4	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
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	14942	usd
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue		usd
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	-14942	usd
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross		shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross		shares
CY2017	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised		shares
CY2016	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised		shares
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod		shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	-452493	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber		shares
CY2017Q4	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 Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2017Q4	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
CY2017	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 Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2017	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 Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2017	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	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	-0.08
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P0Y
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P1M2D
CY2016Q4	us-gaap	Convertible Debt Noncurrent ConvertibleDebtNoncurrent		usd
CY2017Q4	us-gaap	Convertible Debt Noncurrent ConvertibleDebtNoncurrent		usd
CY2017	GTXO	Consulting Income ConsultingIncome	116653	usd
CY2016	GTXO	Consulting Income ConsultingIncome	270826	usd
CY2017	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	45275	usd
CY2016	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	6571	usd
CY2017	GTXO	Accrued Salaries Converted To Convertible Promissory Notes AccruedSalariesConvertedToConvertiblePromissoryNotes	241050	usd
CY2016	GTXO	Accrued Salaries Converted To Convertible Promissory Notes AccruedSalariesConvertedToConvertiblePromissoryNotes	428997	usd
CY2017	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets		usd
CY2016	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	3465	usd
CY2017	us-gaap	Interest Expense Debt InterestExpenseDebt		usd
CY2016	us-gaap	Interest Expense Debt InterestExpenseDebt	27119	usd
CY2017Q4	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.10
CY2017Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	14589000	usd
CY2017	GTXO	Income Tax Expiration IncomeTaxExpiration	2028
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	7000000	shares
CY2017Q4	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 Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
CY2017Q4	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
CY2017Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1		usd
CY2017	dei	Entity Registrant Name EntityRegistrantName	GTX CORP
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	305761	usd
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	297779	usd
CY2017	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	59249	usd
CY2016	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	30604	usd
CY2017Q2	dei	Entity Public Float EntityPublicFloat	0	usd
CY2017	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Reclassifications</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt 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 2017.</p>
CY2017	us-gaap	Revenue Recognition Revenue Reductions RevenueRecognitionRevenueReductions	<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Revenue Recognition</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt 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 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt 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 Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt 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>
CY2017	us-gaap	Use Of Estimates UseOfEstimates	<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Use of Estimates</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt 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>
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Prior Year Income Taxes EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes	0.34
CY2017	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	49126	usd
CY2016	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3619	usd
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.21
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.21
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-1895000
CY2016	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
CY2017	GTXO	Debt Discount On Convertible Notes And Warrants DebtDiscountOnConvertibleNotesAndWarrants	459611	usd
CY2016	GTXO	Debt Discount On Convertible Notes And Warrants DebtDiscountOnConvertibleNotesAndWarrants	185337	usd
CY2017	GTXO	Issuance Of Warrants And Bargain Conversion Feature IssuanceOfWarrantsAndBargainConversionFeature	56582	usd

Files In Submission

Name	View Source	Status
0001493152-18-004695-index-headers.html	Edgar Link	pending
0001493152-18-004695-index.html	Edgar Link	pending
0001493152-18-004695.txt	Edgar Link	pending
0001493152-18-004695-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
gtxo-20171231.xsd	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
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
R5.htm	Edgar Link	pending
gtxo-20171231_cal.xml	Edgar Link	unprocessable
gtxo-20171231_def.xml	Edgar Link	unprocessable
gtxo-20171231_lab.xml	Edgar Link	unprocessable
gtxo-20171231_pre.xml	Edgar Link	unprocessable
gtxo-20171231.xml	Edgar Link	completed
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

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MLRT
Metalert, Inc. Stock $mlrt

2018 Q1 Form 10-K Financial Statement

#000149315218004695 Filed on April 03, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MLRT Metalert, Inc. Stock $mlrt

2018 Q1 Form 10-K Financial Statement

#000149315218004695 Filed on April 03, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MLRT
Metalert, Inc. Stock $mlrt