$MLRT
Metalert, Inc. Stock $mlrt

$mlrt Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000149315219007861 Filed on May 20, 2019

Income Statement

Concept	2019 Q2	2019 Q1	2018 Q1
Revenue	$842.1K	$102.9K	$251.1K
YoY Change	471.9%	-59.01%	76.1%
Cost Of Revenue	$64.21K	$39.91K	$62.43K
YoY Change	105.94%	-36.07%	17.73%
Gross Profit	$777.9K	$63.00K	$177.6K
YoY Change	639.55%	-64.54%	142.83%
Gross Profit Margin	92.38%	61.22%	70.76%
Selling, General & Admin	$46.54K	$80.99K	$86.42K
YoY Change	-36.97%	-6.28%	-19.23%
% of Gross Profit	5.98%	128.57%	48.65%
Research & Development		$5.001K	$9.080K
YoY Change		-44.92%
% of Gross Profit		7.94%	5.11%
Depreciation & Amortization	$11.33K	$18.28K	$17.40K
YoY Change	-43.35%	5.03%	17.11%
% of Gross Profit	1.46%	29.02%	9.8%
Operating Expenses	$365.6K	$480.5K	$329.9K
YoY Change	3.48%	45.65%	-6.71%
Operating Profit	$412.3K	-$417.5K	-$152.3K
YoY Change	-266.15%	174.21%	-45.71%
Interest Expense	-$41.56K	-$118.9K	$46.20K
YoY Change	-205.73%	-357.4%	59.32%
% of Operating Profit	-10.08%
Other Income/Expense, Net	-$41.56K	-$138.9K	-$163.6K
YoY Change	-90.41%	-15.07%	-42.93%
Pretax Income	$370.7K	-$556.5K	-$360.0K
YoY Change	-154.52%	54.58%	-38.98%
Income Tax
% Of Pretax Income
Net Earnings	$370.7K	-$556.5K	-$315.9K
YoY Change	-154.39%	76.17%	-44.31%
Net Earnings / Revenue	44.02%	-540.76%	-125.81%
Basic Earnings Per Share
Diluted Earnings Per Share	$4.428K	-$7.804K	-$33.90K
COMMON SHARES
Basic Shares Outstanding	82.86M shares		773.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q2	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$823.4K	$29.72K	$20.00K
YoY Change	1076.21%	48.6%	100.0%
Cash & Equivalents	$188.5K	$29.72K	$22.95K
Short-Term Investments	$634.9K
Other Short-Term Assets	$13.58K	$3.012K	$41.57K
YoY Change	-68.12%	-92.75%	92.0%
Inventory	$42.03K	$53.98K	$44.03K
Prepaid Expenses
Receivables	$104.4K	$77.59K	$180.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$983.4K	$164.3K	$285.9K
YoY Change	272.82%	-42.53%	72.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$29.09K	$40.11K	$111.3K
YoY Change	-69.13%	-63.97%	-7.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$850.00	$0.00
YoY Change			-100.0%
Other Assets
YoY Change
Total Long-Term Assets	$44.72K	$56.90K	$130.3K
YoY Change	-60.86%	-56.31%	-14.69%
TOTAL ASSETS
Total Short-Term Assets	$983.4K	$164.3K	$285.9K
Total Long-Term Assets	$44.72K	$56.90K	$130.3K
Total Assets	$1.028M	$221.2K	$416.1K
YoY Change	171.96%	-46.84%	30.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$229.0K	$263.4K	$283.1K
YoY Change	-20.76%	-6.95%	-2.4%
Accrued Expenses	$417.9K	$402.6K	$341.8K
YoY Change	-4.41%	17.79%	53.4%
Deferred Revenue	$325.0K	$16.00K
YoY Change
Short-Term Debt	$2.448M	$2.484M	$1.946M
YoY Change	1123.78%	27.68%	45.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.224M	$3.945M	$2.126M
YoY Change	30.44%	85.56%	19.58%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$670.0K
YoY Change		-100.0%	55.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$670.0K
YoY Change		-100.0%	55.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.224M	$3.945M	$2.126M
Total Long-Term Liabilities	$0.00	$0.00	$670.0K
Total Liabilities	$4.224M	$3.945M	$2.796M
YoY Change	30.44%	41.1%	26.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$23.01M	-$23.38M	-$21.37M
YoY Change	4.06%	9.41%	5.23%
Common Stock	$8.688K	$8.096K	$771.2K
YoY Change	-99.04%	-98.95%	33.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$3.195M	-$3.724M	-$2.380M
YoY Change
Total Liabilities & Shareholders Equity	$1.028M	$221.2K	$416.1K
YoY Change	171.96%	-46.84%	30.56%

Cashflow Statement

Concept	2019 Q2	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$370.7K	-$556.5K	-$315.9K
YoY Change	-154.39%	76.17%	-44.31%
Depreciation, Depletion And Amortization	$11.33K	$18.28K	$17.40K
YoY Change	-43.35%	5.03%	17.11%
Cash From Operating Activities	$155.8K	-$102.6K	-$185.0K
YoY Change	-255.77%	-44.52%	9.36%
INVESTING ACTIVITIES
Capital Expenditures	$0.00
YoY Change	-100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$0.00
YoY Change	-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	3.010K	$62.50K	$206.5K
YoY Change	-98.12%	-69.73%	136.0%
NET CHANGE
Cash From Operating Activities	155.8K	-$102.6K	-$185.0K
Cash From Investing Activities	0.000
Cash From Financing Activities	3.010K	$62.50K	$206.5K
Net Change In Cash	158.8K	-$40.14K	$21.50K
YoY Change	217.56%	-286.73%	-126.32%
FREE CASH FLOW
Cash From Operating Activities	$155.8K	-$102.6K	-$185.0K
Capital Expenditures	$0.00
Free Cash Flow	$155.8K
YoY Change	-273.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Amendment Flag AmendmentFlag	false
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CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
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CY2019Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	1000000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	1000000	shares
CY2019Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	1000000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	1000000	shares
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CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2071000000	shares
CY2019Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	20024	usd
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CY2019Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	1269738	usd
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CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	100	usd
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CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-556475	usd
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CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-556475	usd
CY2019Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
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CY2019Q1	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.10
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-102641	usd
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CY2019Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	182265	usd
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CY2019Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-19098	usd
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CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-467	usd
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CY2019Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	31415	usd
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CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-19982	usd
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CY2019Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	20024	usd
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CY2019Q1	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	2500	usd
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CY2019Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	41555	usd
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CY2019Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	12427	usd
CY2018Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	21850	usd
CY2019Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	132126	usd
CY2019Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	17597308	shares
CY2019Q1	us-gaap	Notes Payable Current NotesPayableCurrent	330000	usd
CY2018Q4	us-gaap	Notes Payable Current NotesPayableCurrent	265000	usd
CY2019Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	3100	usd
CY2019Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	65000	usd
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit		usd
CY2018Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	134039	usd
CY2019Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	264435	usd
CY2018Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	232162	usd
CY2019Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.01
CY2019Q1	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 the accompanying unaudited 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>
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2019Q1	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"> </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 two manufacturers 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"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended March 31, 2019, the Company had four customers that each represented 45%, 21%, 18% and 11 % of our sales on an individual basis, or approximately 95% in the aggregate, and during the three months ended March 31, 2018, the Company had two major customers that each represented more than 50% and 18% of our sales on an individual basis, or approximately 68% in the aggregate. As of March 31, 2019, the Company had two customers that each represented more than 56% and 11% of our accounts receivable on an individual basis, or approximately 67% in the aggregate, and as of December 31, 2018, the Company had two customers that each represented more than 59% and 13% of our accounts receivable on an individual basis, or approximately 72% in the aggregate.</p>
CY2019Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	155849	usd
CY2019Q1	GTXO	Interest Expense And Financing Costs InterestExpenseAndFinancingCosts	87146	usd
CY2018Q1	GTXO	Interest Expense And Financing Costs InterestExpenseAndFinancingCosts	46201	usd
CY2019Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18594	usd
CY2018Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18033	usd
CY2019Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	16000	usd
CY2018Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	26000	usd
CY2019Q1	GTXO	Warrants Outstanding And Exercisable Intrinsic Value WarrantsOutstandingAndExercisableIntrinsicValue	28000
CY2019Q1	GTXO	Total Cost Of Goods Sold TotalCostOfGoodsSold	39910	usd
CY2018Q1	GTXO	Total Cost Of Goods Sold TotalCostOfGoodsSold	73416	usd
CY2019Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	24014	usd
CY2018Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	10986	usd
CY2019Q1	GTXO	Adjustments To Additional Paid In Capital Fair Value Of Common Stock For Retention Bonus AdjustmentsToAdditionalPaidInCapitalFairValueOfCommonStockForRetentionBonus	122726	usd
CY2019Q1	GTXO	Fair Value Of Common Stock Issued For Retention FairValueOfCommonStockIssuedForRetention	122726	usd
CY2018Q1	GTXO	Fair Value Of Common Stock Issued For Retention FairValueOfCommonStockIssuedForRetention		usd
CY2019Q1	GTXO	Debt Discount On Convertible Promissory Notes DebtDiscountOnConvertiblePromissoryNotes		usd
CY2018Q1	GTXO	Debt Discount On Convertible Promissory Notes DebtDiscountOnConvertiblePromissoryNotes	100000	usd
CY2019Q1	GTXO	Debt Discount Related To Derivative Liabilities DebtDiscountRelatedToDerivativeLiabilities		usd
CY2018Q1	GTXO	Debt Discount Related To Derivative Liabilities DebtDiscountRelatedToDerivativeLiabilities	23625	usd
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding		shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding		shares
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber		shares
CY2018Q1	GTXO	Cumulative Effect Of New Accounting Principle In Period Of Adoption1 CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1	-1198	usd
CY2018Q1	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	-47000	usd
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	102906	usd
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	251062	usd
CY2019Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	373904	usd
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	355625	usd
CY2019Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	506	usd
CY2018Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss		usd
CY2018Q1	GTXO	Bcf For Shares Issued BcfForSharesIssued	100000	usd
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	22492	usd
CY2019Q1	GTXO	Adjustments To Additional Paid In Capital Warrant Issued For Services AdjustmentsToAdditionalPaidInCapitalWarrantIssuedForServices	4799	usd
CY2019Q1	GTXO	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities	-506	usd
CY2018Q1	GTXO	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities		usd
CY2019Q1	GTXO	Change In Fair Value Of Derivative Liabilities ChangeInFairValueOfDerivativeLiabilities	32273	usd
CY2018Q1	GTXO	Change In Fair Value Of Derivative Liabilities ChangeInFairValueOfDerivativeLiabilities	-8825	usd
CY2019Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	36843	usd
CY2018Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	9831	usd
CY2019Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-32273	usd
CY2018Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	8825	usd
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax		usd
CY2018Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-1198	usd
CY2019Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-556475	usd
CY2018Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-317065	usd

Files In Submission

Name	View Source	Status
0001493152-19-007861-index-headers.html	Edgar Link	pending
0001493152-19-007861-index.html	Edgar Link	pending
0001493152-19-007861.txt	Edgar Link	pending
0001493152-19-007861-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
gtxo-20190331.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
gtxo-20190331_cal.xml	Edgar Link	unprocessable
gtxo-20190331_def.xml	Edgar Link	unprocessable
gtxo-20190331_lab.xml	Edgar Link	unprocessable
gtxo-20190331_pre.xml	Edgar Link	unprocessable
gtxo-20190331.xml	Edgar Link	completed
R12.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
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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

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$MLRT
Metalert, Inc. Stock $mlrt

2019 Q2 Form 10-Q Financial Statement

#000149315219007861 Filed on May 20, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MLRT Metalert, Inc. Stock $mlrt

2019 Q2 Form 10-Q Financial Statement

#000149315219007861 Filed on May 20, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MLRT
Metalert, Inc. Stock $mlrt