2018 Q4 Form 10-K Financial Statement

#000149315219005454 Filed on April 16, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $93.22K $687.0K $80.00K
YoY Change 16.53% 27.61% -60.0%
Cost Of Revenue $51.59K $213.0K $10.00K
YoY Change 415.9% 1.54% -92.31%
Gross Profit $41.63K $474.0K $70.00K
YoY Change -40.53% 44.25% -12.5%
Gross Profit Margin 44.66% 69.0% 87.5%
Selling, General & Admin $412.7K $433.9K $320.0K
YoY Change 28.96% 13.17% -8.57%
% of Gross Profit 991.28% 91.53% 457.14%
Research & Development $0.00 $25.16K $50.00K
YoY Change -100.0% -48.78%
% of Gross Profit 0.0% 5.31% 71.43%
Depreciation & Amortization $17.51K $72.10K $10.00K
YoY Change 75.1% 15.45% 0.0%
% of Gross Profit 42.06% 15.21% 14.29%
Operating Expenses $433.2K $1.493M $370.0K
YoY Change 17.07% 9.79% 5.71%
Operating Profit -$391.5K -$1.019M -$300.0K
YoY Change 30.51% -1.19% 11.11%
Interest Expense -$162.4K -$344.8K $150.0K
YoY Change -208.23% -558.94% 0.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$739.0K -$210.0K
YoY Change -100.0% 214.56% -22.22%
Pretax Income -$505.0K -$1.758M -$360.0K
YoY Change 40.29% 38.84% -12.2%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$505.0K -$1.758M -$360.0K
YoY Change 40.29% 38.84% -12.2%
Net Earnings / Revenue -541.76% -255.91% -450.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$10.01K -$82.77K -$39.87K
COMMON SHARES
Basic Shares Outstanding 17.74M shares 683.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.20K $70.20K $0.00
YoY Change 4741.38% -100.0%
Cash & Equivalents $69.86K $69.86K $1.454K
Short-Term Investments $0.00 $340.00
Other Short-Term Assets $3.479K $3.480K $60.15K
YoY Change -94.22% -94.21% 191.91%
Inventory $22.57K $22.57K $57.84K
Prepaid Expenses
Receivables $97.57K $97.57K $90.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $193.8K $193.8K $212.6K
YoY Change -8.82% -8.82% -25.07%
LONG-TERM ASSETS
Property, Plant & Equipment $58.39K $58.39K $116.2K
YoY Change -49.77% -49.76% -14.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0%
Other Assets
YoY Change
Total Long-Term Assets $74.65K $74.65K $137.0K
YoY Change -45.51% -45.51% -26.21%
TOTAL ASSETS
Total Short-Term Assets $193.8K $193.8K $212.6K
Total Long-Term Assets $74.65K $74.65K $137.0K
Total Assets $268.5K $268.5K $349.6K
YoY Change -23.2% -23.2% -25.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $246.6K $246.6K $297.8K
YoY Change -17.2% -17.2% -2.61%
Accrued Expenses $438.6K $770.7K $243.7K
YoY Change 79.97% 166.38% 23.68%
Deferred Revenue $26.00K
YoY Change
Short-Term Debt $200.0K $2.443M $200.0K
YoY Change 0.0% 148.8% -85.58%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.718M $3.718M $1.888M
YoY Change 96.93% 96.93% 24.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $670.0K
YoY Change -100.0% -100.0% 55.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $670.0K
YoY Change -100.0% -100.0% 55.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.718M $3.718M $1.888M
Total Long-Term Liabilities $0.00 $0.00 $670.0K
Total Liabilities $3.718M $3.718M $2.558M
YoY Change 45.35% 45.35% 31.41%
SHAREHOLDERS EQUITY
Retained Earnings -$22.82M -$21.01M
YoY Change 8.65% 6.42%
Common Stock $6.336K $939.00
YoY Change 574.76% -99.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.450M -$3.450M -$2.208M
YoY Change
Total Liabilities & Shareholders Equity $268.5K $268.5K $349.6K
YoY Change -23.2% -23.2% -25.52%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$505.0K -$1.758M -$360.0K
YoY Change 40.29% 38.84% -12.2%
Depreciation, Depletion And Amortization $17.51K $72.10K $10.00K
YoY Change 75.1% 15.45% 0.0%
Cash From Operating Activities -$34.71K -$416.3K -$130.0K
YoY Change -73.3% -34.14% -750.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $14.25K $10.00K
YoY Change -100.0% 83.21% -200.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 -$14.25K $10.00K
YoY Change -100.0% 83.21% -200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 72.00K $499.0K 130.0K
YoY Change -44.62% -8.61% 160.0%
NET CHANGE
Cash From Operating Activities -34.71K -$416.3K -130.0K
Cash From Investing Activities 0.000 -$14.25K 10.00K
Cash From Financing Activities 72.00K $499.0K 130.0K
Net Change In Cash 37.29K $68.40K 10.00K
YoY Change 272.9% -172.79% -83.33%
FREE CASH FLOW
Cash From Operating Activities -$34.71K -$416.3K -$130.0K
Capital Expenditures $0.00 $14.25K $10.00K
Free Cash Flow -$34.71K -$430.6K -$140.0K
YoY Change -75.21% -32.72% -566.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
usd
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
65000 usd
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
200000 usd
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63363436 shares
CY2018Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.10
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2071000000 shares
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2071000000 shares
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
394239 usd
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
423682 usd
CY2018 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
194869 usd
CY2017 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
430120 usd
CY2018 dei Trading Symbol
TradingSymbol
GTXO
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-2208477 usd
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-3449628 usd
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-1477265 usd
CY2018 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 Expired Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExpiredDateFairValue
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
13852000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
11555000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3852000 shares
CY2018 GTXO Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
-2865000 shares
CY2017 GTXO Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
750000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
10000000 shares
CY2017Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
923875 usd
CY2018Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1313133 usd
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
100 usd
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
495000 usd
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
556000 usd
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-1758182 usd
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-1266344 usd
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9389982 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63363436 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9389982 shares
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
499000 usd
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
546000 usd
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
61000 usd
CY2017 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
10000 usd
CY2018 us-gaap Revenues
Revenues
687043 usd
CY2017 us-gaap Revenues
Revenues
538388 usd
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-416348 usd
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1454 usd
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69856 usd
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
95431 usd
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
68402 usd
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-632199 usd
CY2018 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
286506 usd
CY2017 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
267415 usd
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-93977 usd
CY2018 GTXO Unrealized Loss On Available For Sale Investment
UnrealizedLossOnAvailableForSaleInvestment
usd
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
143736 usd
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
100566 usd
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-56674 usd
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
74203 usd
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35268 usd
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-53114 usd
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4442 usd
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
41574 usd
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
214499 usd
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
394239 usd
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
423682 usd
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
60999 usd
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
133656 usd
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5159 usd
CY2018 us-gaap Depreciation
Depreciation
77356 usd
CY2017 us-gaap Depreciation
Depreciation
62446 usd
CY2017 GTXO Unrealized Loss On Available For Sale Investment
UnrealizedLossOnAvailableForSaleInvestment
28645 usd
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2018 us-gaap Interest Paid Net
InterestPaidNet
5655 usd
CY2017 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2017Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
0 usd
CY2018Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
198135 usd
CY2018 dei Entity Registrant Name
EntityRegistrantName
GTX CORP
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
usd
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-59249 usd
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-59249 usd
CY2017 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
94250 usd
CY2018 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
194829 usd
CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
392620 usd
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1887986 usd
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3718094 usd
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14250 usd
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7778 usd
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14250 usd
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7778 usd
CY2018 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
60999 usd
CY2018 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-75 reverse stock split
CY2018Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-75 reverse stock split
CY2018 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
6468 usd
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
CY2017Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
142117 usd
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
20024 usd
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22312 usd
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15918 usd
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11555000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13852000 shares
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
349556 usd
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
268466 usd
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-21005763 usd
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22823194 usd
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-59249 usd
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
usd
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
18855596 usd
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
19367130 usd
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
939 usd
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
6336 usd
CY2017Q4 us-gaap Liabilities
Liabilities
2558033 usd
CY2018Q4 us-gaap Liabilities
Liabilities
3718094 usd
CY2017Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
670047 usd
CY2018Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
usd
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
261172 usd
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
232162 usd
CY2017Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
CY2018Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
884546 usd
CY2017Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
781758 usd
CY2018Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1293109 usd
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
57934 usd
CY2018Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
26000 usd
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
243675 usd
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
438552 usd
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
297779 usd
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
246551 usd
CY2017Q4 us-gaap Assets
Assets
349556 usd
CY2018Q4 us-gaap Assets
Assets
268466 usd
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
17520 usd
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
16260 usd
CY2017Q4 us-gaap Available For Sale Securities Equity Securities Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesNoncurrent
3230 usd
CY2018Q4 us-gaap Available For Sale Securities Equity Securities Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesNoncurrent
344 usd
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
116234 usd
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58388 usd
CY2017Q4 us-gaap Assets Current
AssetsCurrent
212572 usd
CY2018Q4 us-gaap Assets Current
AssetsCurrent
193474 usd
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
60153 usd
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3479 usd
CY2017Q4 us-gaap Inventory Net
InventoryNet
57835 usd
CY2018Q4 us-gaap Inventory Net
InventoryNet
22567 usd
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
93130 usd
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
97572 usd
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21241479 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8188322 shares
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-739030 usd
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-234943 usd
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
6468 usd
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
309142 usd
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-1019152 usd
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-1031401 usd
CY2018 us-gaap Operating Expenses
OperatingExpenses
1493195 usd
CY2017 us-gaap Operating Expenses
OperatingExpenses
1360016 usd
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
367771 usd
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
338950 usd
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25163 usd
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
49126 usd
CY2018 us-gaap Professional Fees
ProfessionalFees
316541 usd
CY2017 us-gaap Professional Fees
ProfessionalFees
285295 usd
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
40940 usd
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
44446 usd
CY2018 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
742780 usd
CY2017 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
642199 usd
CY2018 us-gaap Gross Profit
GrossProfit
474043 usd
CY2017 us-gaap Gross Profit
GrossProfit
328615 usd
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
213000 usd
CY2017 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
209773 usd
CY2018 GTXO Increase In Net Loss
IncreaseInNetLoss
2886 usd
CY2017Q4 us-gaap Convertible Debt
ConvertibleDebt
670047 usd
CY2018Q4 us-gaap Convertible Debt
ConvertibleDebt
884546 usd
CY2018 GTXO Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod
-182000 shares
CY2017 GTXO Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod
shares
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
77991195 shares
CY2018Q4 dei Entity Public Float
EntityPublicFloat
296163 usd
CY2017Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
45668 usd
CY2018Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
332174 usd
CY2017 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
45275 usd
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-31934 usd
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13026 usd
CY2018 us-gaap Stock Issued1
StockIssued1
usd
CY2017 us-gaap Stock Issued1
StockIssued1
7875 usd
CY2018 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
The Company's warranty policy provides repair or replacement of products (excluding GPS Shoe devices) returned for defects within ninety days of purchase.
CY2018 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P2Y
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
33928 usd
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
717 usd
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
23907 usd
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
21850 usd
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
283529 usd
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
355625 usd
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
200000 usd
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16166000 usd
CY2018 GTXO Income Tax Expiration
IncomeTaxExpiration
2028
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
598000 usd
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
431000 usd
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-55000 usd
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-37000 usd
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1559000 usd
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1501000 usd
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.34
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.21
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3061000 usd
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3396282 usd
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3061000 usd
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3396282 usd
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
274918 usd
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
507195 usd
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
53973454 shares
CY2017 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
2585081 shares
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
200000 usd
CY2018Q4 us-gaap Notes Payable Current
NotesPayableCurrent
265000 usd
CY2017 us-gaap Stockholders Equity Other
StockholdersEquityOther
usd
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19090 usd
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20325 usd
CY2018 GTXO Issuance Of Warrants And Bargain Conversion Feature
IssuanceOfWarrantsAndBargainConversionFeature
usd
CY2017 GTXO Issuance Of Warrants And Bargain Conversion Feature
IssuanceOfWarrantsAndBargainConversionFeature
56582 usd
CY2018 GTXO Issuance Of Preferred Shares To Board
IssuanceOfPreferredSharesToBoard
46363 usd
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
65000 usd
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2018 GTXO Debt Discount On Convertible Notes And Warrants
DebtDiscountOnConvertibleNotesAndWarrants
272146 usd
CY2017 GTXO Debt Discount On Convertible Notes And Warrants
DebtDiscountOnConvertibleNotesAndWarrants
459611 usd
CY2018 GTXO Accrued Salaries Converted To Convertible Promissory Notes
AccruedSalariesConvertedToConvertiblePromissoryNotes
usd
CY2017 GTXO Accrued Salaries Converted To Convertible Promissory Notes
AccruedSalariesConvertedToConvertiblePromissoryNotes
241050 usd
CY2017 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
28645 usd
CY2018 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">&#160;</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. These estimates include, but are not limited to, estimates related to revenue recognition, allowance for doubtful accounts, inventory valuation, tangible and intangible long-term asset valuation, warranty and other obligations and commitments. Estimates are updated on an ongoing basis and are evaluated based on historical experience and current circumstances. Changes in facts and circumstances in the future may give rise to changes in these estimates which may cause actual results to differ from current estimates.</p>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Concentrations</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We currently rely on one manufacturer to supply us with our GPS SmartSole and one manufacturer to supply us with the GPS device included in the GPS SmartSole. The loss of either of these manufacturers could severely impede our ability to manufacture the GPS SmartSole.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2018, the Company had four customers representing approximately 40%, 30%, 9% and 8% of sales and three customers representing approximately 54%, 12%, and 9% of total accounts receivable, respectively. The Company had three customers representing approximately 33%, 29%, and 16% of sales and three customers representing approximately 8%, 23%, and 11% of total accounts receivable, respectively for the year ended December 31, 2017.</p>
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
59249 usd
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
45668 usd
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
134039 usd
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
261172 usd
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
232162 usd
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
96554 usd
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-2102000 usd
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1895000 usd
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2018 GTXO Cumulative Effect Of New Accounting Principle In Period Of Adoption1
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1
usd
CY2018 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
2419962 shares
CY2018 GTXO Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
223211 usd
CY2017 GTXO Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
75128 usd
CY2018 GTXO Additional Cost On Related Party Notes
AdditionalCostOnRelatedPartyNotes
247147 usd
CY2017 GTXO Additional Cost On Related Party Notes
AdditionalCostOnRelatedPartyNotes
usd
CY2018 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
181250 usd
CY2018 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
14500 usd
CY2018 GTXO Gain On Extinguishment Of Derivative Liabilities
GainOnExtinguishmentOfDerivativeLiabilities
119099 usd
CY2017 GTXO Gain On Extinguishment Of Derivative Liabilities
GainOnExtinguishmentOfDerivativeLiabilities
usd
CY2018 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
107406 usd
CY2017 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
309142 usd
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
73356 usd
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62446 usd
CY2018 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-2886 usd
CY2017 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
usd
CY2018 GTXO Fair Value Of Preferred Stock Issued For Securities
FairValueOfPreferredStockIssuedForSecurities
46363 usd
CY2017 GTXO Fair Value Of Preferred Stock Issued For Securities
FairValueOfPreferredStockIssuedForSecurities
usd
CY2018 GTXO Notes Issued For Services
NotesIssuedForServices
150000 usd
CY2017 GTXO Notes Issued For Services
NotesIssuedForServices
usd
CY2018 GTXO Common Stock Issued For Financing
CommonStockIssuedForFinancing
21090 usd
CY2017 GTXO Common Stock Issued For Financing
CommonStockIssuedForFinancing
usd
CY2018 GTXO Warrants Outstanding And Exercisable Intrinsic Value
WarrantsOutstandingAndExercisableIntrinsicValue
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1758182 usd
CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1325593 usd

Files In Submission

Name View Source Status
0001493152-19-005454-index-headers.html Edgar Link pending
0001493152-19-005454-index.html Edgar Link pending
0001493152-19-005454.txt Edgar Link pending
0001493152-19-005454-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-20181231.xsd Edgar Link pending
gtxo-20181231_cal.xml Edgar Link unprocessable
gtxo-20181231_def.xml Edgar Link unprocessable
gtxo-20181231.xml Edgar Link completed
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
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
gtxo-20181231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
gtxo-20181231_lab.xml Edgar Link unprocessable