2020 Q3 Form 10-Q Financial Statement
#000149315220015834 Filed on August 14, 2020
Income Statement
Concept | 2020 Q3 | 2020 Q2 | 2019 Q2 |
---|---|---|---|
Revenue | $362.2K | $472.1K | $842.1K |
YoY Change | 6.52% | -43.93% | 471.9% |
Cost Of Revenue | $185.3K | $250.8K | $64.21K |
YoY Change | 393.69% | 290.66% | 105.94% |
Gross Profit | $176.9K | $221.3K | $777.9K |
YoY Change | -41.52% | -71.55% | 639.55% |
Gross Profit Margin | 48.84% | 46.87% | 92.38% |
Selling, General & Admin | $51.46K | $17.73K | $46.54K |
YoY Change | -11.95% | -61.91% | -36.97% |
% of Gross Profit | 29.09% | 8.01% | 5.98% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.190K | $9.070K | $11.33K |
YoY Change | 9.36% | -19.95% | -43.35% |
% of Gross Profit | 3.5% | 4.1% | 1.46% |
Operating Expenses | $240.0K | $296.1K | $365.6K |
YoY Change | 4.44% | -19.02% | 3.48% |
Operating Profit | -$63.09K | -$74.75K | $412.3K |
YoY Change | -186.75% | -118.13% | -266.15% |
Interest Expense | $66.20K | $6.230K | -$41.56K |
YoY Change | -120.11% | -114.99% | -205.73% |
% of Operating Profit | -10.08% | ||
Other Income/Expense, Net | $66.20K | $98.01K | -$41.56K |
YoY Change | -120.11% | -335.83% | -90.41% |
Pretax Income | $3.110K | $23.26K | $370.7K |
YoY Change | -101.21% | -93.73% | -154.52% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $3.108K | $23.26K | $370.7K |
YoY Change | -101.21% | -93.73% | -154.39% |
Net Earnings / Revenue | 0.86% | 4.93% | 44.02% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $24.04 | $236.80 | $4.428K |
COMMON SHARES | |||
Basic Shares Outstanding | 128.6M shares | 91.85M shares | 82.86M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q3 | 2020 Q2 | 2019 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $232.0K | $254.9K | $823.4K |
YoY Change | 20.18% | -69.04% | 1076.21% |
Cash & Equivalents | $227.4K | $249.4K | $188.5K |
Short-Term Investments | $4.600K | $5.490K | $634.9K |
Other Short-Term Assets | $88.88K | $143.2K | $13.58K |
YoY Change | 746.5% | 954.68% | -68.12% |
Inventory | $98.73K | $220.4K | $42.03K |
Prepaid Expenses | |||
Receivables | $70.63K | $38.96K | $104.4K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $490.3K | $657.5K | $983.4K |
YoY Change | 50.53% | -33.13% | 272.82% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.065K | $10.25K | $29.09K |
YoY Change | -61.83% | -64.76% | -69.13% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $14.07K | $20.25K | $44.72K |
YoY Change | -63.99% | -54.72% | -60.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $490.3K | $657.5K | $983.4K |
Total Long-Term Assets | $14.07K | $20.25K | $44.72K |
Total Assets | $504.3K | $677.8K | $1.028M |
YoY Change | 38.27% | -34.07% | 171.96% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $187.4K | $201.3K | $229.0K |
YoY Change | -6.78% | -12.08% | -20.76% |
Accrued Expenses | $314.6K | $330.6K | $417.9K |
YoY Change | -25.43% | -20.89% | -4.41% |
Deferred Revenue | $38.45K | $41.65K | $325.0K |
YoY Change | -75.21% | -87.18% | |
Short-Term Debt | $1.820M | $1.990M | $2.448M |
YoY Change | -23.72% | -18.7% | 1123.78% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.178M | $3.457M | $4.224M |
YoY Change | -15.77% | -18.15% | 30.44% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $217.9K | $227.9K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $217.9K | $227.9K | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.178M | $3.457M | $4.224M |
Total Long-Term Liabilities | $217.9K | $227.9K | $0.00 |
Total Liabilities | $3.396M | $3.685M | $4.224M |
YoY Change | -9.99% | -12.76% | 30.44% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$23.78M | -$23.78M | -$23.01M |
YoY Change | 2.2% | 3.35% | 4.06% |
Common Stock | $13.49K | $11.24K | $8.688K |
YoY Change | 126.27% | 29.32% | -99.04% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.892M | -$3.007M | -$3.195M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $504.3K | $677.8K | $1.028M |
YoY Change | 38.27% | -34.07% | 171.96% |
Cashflow Statement
Concept | 2020 Q3 | 2020 Q2 | 2019 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.108K | $23.26K | $370.7K |
YoY Change | -101.21% | -93.73% | -154.39% |
Depreciation, Depletion And Amortization | $6.190K | $9.070K | $11.33K |
YoY Change | 9.36% | -19.95% | -43.35% |
Cash From Operating Activities | $18.20K | -$268.5K | $155.8K |
YoY Change | -121.16% | -272.4% | -255.77% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $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 | -40.21K | 420.6K | 3.010K |
YoY Change | 53.12% | 13872.76% | -98.12% |
NET CHANGE | |||
Cash From Operating Activities | 18.20K | -268.5K | 155.8K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | -40.21K | 420.6K | 3.010K |
Net Change In Cash | -22.01K | 152.0K | 158.8K |
YoY Change | -80.4% | -4.25% | 217.56% |
FREE CASH FLOW | |||
Cash From Operating Activities | $18.20K | -$268.5K | $155.8K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | $155.8K | ||
YoY Change | -273.08% |
Facts In Submission
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2020-06-30 | ||
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|
299000 | usd | |
GTXO |
Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
|
49193 | usd | |
GTXO |
Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
|
154467 | usd | |
CY2020Q2 | GTXO |
Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
|
8372 | usd |
CY2019Q2 | GTXO |
Interest Expense And Financing Costs
InterestExpenseAndFinancingCosts
|
78571 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
13151 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
29924 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
568863 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
945011 | usd | |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
472147 | usd |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
842105 | usd |
CY2020Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
41650 | usd |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
70072 | usd |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2020Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
5494 | usd |
CY2019Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
59224 | usd |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
124233 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
118644 | usd | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
249433 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
125200 | usd |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
188500 | usd |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
69856 | usd |
CY2020Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2019Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
285477 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
104119 | usd | |
CY2020Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
250839 | usd |
CY2019Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
64209 | usd |
GTXO |
Loss On Marketable Securities
LossOnMarketableSecurities
|
92471 | usd | |
GTXO |
Loss On Marketable Securities
LossOnMarketableSecurities
|
506 | usd | |
CY2020Q2 | GTXO |
Loss On Marketable Securities
LossOnMarketableSecurities
|
598 | usd |
CY2019Q2 | GTXO |
Loss On Marketable Securities
LossOnMarketableSecurities
|
usd | |
CY2020Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | integer | |
CY2019 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
10889 | shares |
CY2020Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
603 | usd |
CY2019Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
690 | usd |
CY2020Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
219802 | usd |
CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
35502 | usd |
us-gaap |
Depreciation
Depreciation
|
8151 | usd | |
us-gaap |
Depreciation
Depreciation
|
29924 | usd | |
CY2020Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
403760 | usd |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
395609 | usd |
CY2020Q2 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
889820 | usd |
CY2019Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
1099278 | usd |
CY2020Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
152586 | usd |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
55750000 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
36000000 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
20250000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
500000 | shares | |
CY2020Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-129261 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpiredInPeriodWeightedAverageExercisePrice
|
0.04 | ||
us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
-92471 | usd | |
us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
-634506 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
152586 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
4739 | usd | |
CY2020Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
14000 | usd |
CY2019Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
37012 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-219830 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-185749 | usd | |
CY2020Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-76738 | usd |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
370726 | usd |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
100000 | usd | |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
usd | ||
CY2020Q2 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
100000 | usd |
CY2019Q2 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
usd | |
GTXO |
Interest Added To Convertible Note Balance
InterestAddedToConvertibleNoteBalance
|
49250 | usd | |
GTXO |
Interest Added To Convertible Note Balance
InterestAddedToConvertibleNoteBalance
|
64342 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
250000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
214841079 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
123188177 | shares | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
139319 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
71510 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
204938 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
6000 | usd | |
CY2020Q2 | GTXO |
Working Capital Defecit
WorkingCapitalDefecit
|
2799238 | usd |
CY2020Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
5494 | usd |
CY2019Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
59224 | usd |
CY2020Q2 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
586738 | usd |
CY2019Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
458131 | usd |
CY2020Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
128601415 | shares |
GTXO |
Gain On Conversion Of Convertible Notes
GainOnConversionOfConvertibleNotes
|
129261 | usd | |
GTXO |
Gain On Conversion Of Convertible Notes
GainOnConversionOfConvertibleNotes
|
-11250 | usd | |
CY2020Q2 | GTXO |
Gain On Conversion Of Convertible Notes
GainOnConversionOfConvertibleNotes
|
91782 | usd |
CY2019Q2 | GTXO |
Gain On Conversion Of Convertible Notes
GainOnConversionOfConvertibleNotes
|
usd | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
146201 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
146201 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
133078 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
91887 | usd | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
110956 | usd |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
39742 | usd |
GTXO |
Stock Issuance Of Preferred Stock For Financings
StockIssuanceOfPreferredStockForFinancings
|
250000 | usd | |
GTXO |
Stock Issuance Of Preferred Stock For Financings
StockIssuanceOfPreferredStockForFinancings
|
3100 | usd | |
CY2020Q2 | GTXO |
Stock Issuance Of Preferred Stock For Financings
StockIssuanceOfPreferredStockForFinancings
|
200000 | usd |
CY2019Q2 | GTXO |
Stock Issuance Of Preferred Stock For Financings
StockIssuanceOfPreferredStockForFinancings
|
27500 | usd |
GTXO |
Stock Issuance Of Warrants For Financings
StockIssuanceOfWarrantsForFinancings
|
3793 | usd | |
GTXO |
Stock Issuance Of Warrants For Financings
StockIssuanceOfWarrantsForFinancings
|
49992 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
4799 | usd | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
3793 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
213247 | usd | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
90521 | usd |
GTXO |
Retention Bonus
RetentionBonus
|
16042 | usd | |
CY2020Q2 | GTXO |
Retention Bonus
RetentionBonus
|
8021 | usd |
GTXO |
Deemed Dividend
DeemedDividend
|
usd | ||
CY2020Q2 | GTXO |
Adjustments To Additional Paid In Capital Deemed Dividend On Fair Value Of Warrants And Conversion Feature Associated With Preferred Stock
AdjustmentsToAdditionalPaidInCapitalDeemedDividendOnFairValueOfWarrantsAndConversionFeatureAssociatedWithPreferredStock
|
usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
3793 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | ||
GTXO |
Debt Discount Related To Derivative Liabilities
DebtDiscountRelatedToDerivativeLiabilities
|
usd | ||
GTXO |
Debt Discount Related To Derivative Liabilities
DebtDiscountRelatedToDerivativeLiabilities
|
20024 | usd | |
us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
227870 | usd | |
us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
usd | ||
CY2019Q2 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
22222 | shares |
CY2019Q2 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
to a 1:45 stock split | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
634000 | usd |
GTXO |
Stock Issued For Remaining Shares
StockIssuedForRemainingShares
|
2833 | shares | |
GTXO |
Stock Issued For Remaining
StockIssuedForRemaining
|
4551 | usd | |
GTXO |
Loss From Change In Fair Value Investment
LossFromChangeInFairValueInvestment
|
10640 | usd | |
us-gaap |
Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
|
91780 | usd | |
GTXO |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
|
|||
CY2020Q2 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
227870 | usd |
CY2019Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
usd | |
CY2020Q2 | us-gaap |
Liabilities
Liabilities
|
3684649 | usd |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
3909759 | usd |
GTXO |
Redeemable Preferred Stock Dividends One
RedeemablePreferredStockDividendsOne
|
-150000 | usd | |
GTXO |
Redeemable Preferred Stock Dividends One
RedeemablePreferredStockDividendsOne
|
usd | ||
CY2020Q2 | GTXO |
Redeemable Preferred Stock Dividends One
RedeemablePreferredStockDividendsOne
|
usd | |
CY2019Q2 | GTXO |
Redeemable Preferred Stock Dividends One
RedeemablePreferredStockDividendsOne
|
usd | |
GTXO |
Fair Value Of Retention Bonus Shares
FairValueOfRetentionBonusShares
|
16042 | usd | |
GTXO |
Fair Value Of Retention Bonus Shares
FairValueOfRetentionBonusShares
|
213247 | usd | |
GTXO |
Fair Value Of Common Stock Issued For Services
FairValueOfCommonStockIssuedForServices
|
157600 | usd | |
GTXO |
Fair Value Of Common Stock Issued For Services
FairValueOfCommonStockIssuedForServices
|
81679 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<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> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<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 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"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the six months ended June 30, 2020, the Company had three customers representing approximately 30%, 28% and 14% of sales, respectively, and four customers representing approximately 21%, 16%, 10% and 10% of total accounts receivable, respectively, as of the period then ended. The Company had two customers representing approximately 82%, and 6% of sales, respectively, for the six months ended June 30, 2019, and three customers representing approximately 37%, 23%, and 12% of total accounts receivable, respectively, as of the period then ended.</p> |