2021 Q3 Form 10-Q Financial Statement

#000149315221020075 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2021 Q1
Revenue $151.6K $159.6K $230.5K
YoY Change -58.16% -66.2% 138.35%
Cost Of Revenue $68.13K $48.32K $147.2K
YoY Change -63.23% -80.74% 324.86%
Gross Profit $83.42K $111.3K $83.36K
YoY Change -52.85% -49.71% 34.28%
Gross Profit Margin 55.05% 69.73% 36.16%
Selling, General & Admin $75.08K $101.5K $57.99K
YoY Change 45.92% 472.23% -23.14%
% of Gross Profit 90.0% 91.16% 69.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.370K $540.00 $1.188K
YoY Change -13.25% -94.05% -70.85%
% of Gross Profit 6.44% 0.49% 1.43%
Operating Expenses $279.1K $319.4K $285.0K
YoY Change 16.3% 7.89% 0.95%
Operating Profit -$195.7K -$208.1K -$201.6K
YoY Change 210.19% 178.43% -8.45%
Interest Expense -$16.43K -$47.37K -$22.79K
YoY Change -124.82% -860.35% -112.02%
% of Operating Profit
Other Income/Expense, Net -$16.43K -$47.37K -$88.83K
YoY Change -124.82% -148.33% -139.11%
Pretax Income -$212.1K -$255.5K -$290.4K
YoY Change -6920.9% -1198.41% -4303.04%
Income Tax
% Of Pretax Income
Net Earnings -$212.1K -$255.5K -$290.4K
YoY Change -6925.32% -1198.31% -4304.21%
Net Earnings / Revenue -139.97% -160.08% -125.99%
Basic Earnings Per Share -$0.06 $0.00 $0.00
Diluted Earnings Per Share -$987.10 -$1.247K -$1.772K
COMMON SHARES
Basic Shares Outstanding 214.7M shares 204.8M shares 163.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $296.0K $432.6K $412.7K
YoY Change 27.57% 69.69% 303.4%
Cash & Equivalents $293.5K $429.0K $408.0K
Short-Term Investments $2.489K $3.590K $4.676K
Other Short-Term Assets $146.5K $180.0K $70.13K
YoY Change 64.78% 25.64% 408.96%
Inventory $109.4K $112.9K $53.72K
Prepaid Expenses
Receivables $47.77K $55.57K $50.23K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $599.7K $781.0K $586.8K
YoY Change 22.31% 18.78% 238.53%
LONG-TERM ASSETS
Property, Plant & Equipment $65.28K $70.65K $13.17K
YoY Change 620.08% 589.07% -8.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $65.28K $70.65K $13.17K
YoY Change 364.1% 248.84% -55.09%
TOTAL ASSETS
Total Short-Term Assets $599.7K $781.0K $586.8K
Total Long-Term Assets $65.28K $70.65K $13.17K
Total Assets $664.9K $851.7K $599.9K
YoY Change 31.84% 25.65% 196.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.9K $167.1K $157.6K
YoY Change -26.96% -17.0% -15.87%
Accrued Expenses $286.9K $271.6K $291.9K
YoY Change -8.79% -17.86% -30.66%
Deferred Revenue $30.98K $31.40K $31.28K
YoY Change -19.43% -24.61% -44.99%
Short-Term Debt $1.617M
YoY Change -18.75%
Long-Term Debt Due $7.000K $7.000K $11.72K
YoY Change
Total Short-Term Liabilities $3.017M $2.994M $2.981M
YoY Change -5.09% -13.38% -19.21%
LONG-TERM LIABILITIES
Long-Term Debt $217.9K $217.9K $217.9K
YoY Change 0.0% -4.39%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $217.9K $217.9K $217.9K
YoY Change 0.0% -4.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.017M $2.994M $2.981M
Total Long-Term Liabilities $217.9K $217.9K $217.9K
Total Liabilities $3.234M $3.212M $3.198M
YoY Change -4.77% -12.83% -13.31%
SHAREHOLDERS EQUITY
Retained Earnings -$25.61M -$25.40M -$24.89M
YoY Change 7.72% 6.81% 5.47%
Common Stock $21.49K $21.47K $18.60K
YoY Change 59.3% 91.1% 132.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.570M -$2.360M -$2.599M
YoY Change
Total Liabilities & Shareholders Equity $664.9K $851.7K $599.9K
YoY Change 31.84% 25.65% 196.04%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income -$212.1K -$255.5K -$290.4K
YoY Change -6925.32% -1198.31% -4304.21%
Depreciation, Depletion And Amortization $5.370K $540.00 $1.188K
YoY Change -13.25% -94.05% -70.85%
Cash From Operating Activities -$134.7K -$166.6K -$76.73K
YoY Change -839.95% -37.95% -53.69%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$58.02K $6.480K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.260K
YoY Change -99.14%
Cash From Investing Activities $0.00 -$58.02K -$5.222K
YoY Change -103.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -830.0 245.7K $413.0K
YoY Change -97.94% -41.59% -5061.48%
NET CHANGE
Cash From Operating Activities -134.7K -166.6K -$76.73K
Cash From Investing Activities 0.000 -58.02K -$5.222K
Cash From Financing Activities -830.0 245.7K $413.0K
Net Change In Cash -135.5K 21.02K $331.1K
YoY Change 515.63% -86.17% -1291.23%
FREE CASH FLOW
Cash From Operating Activities -$134.7K -$166.6K -$76.73K
Capital Expenditures $0.00 -$58.02K $6.480K
Free Cash Flow -$134.7K -$108.6K -$83.21K
YoY Change

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CY2020Q2 GTXO Adjustments To Additional Paid In Fair Value Of Warrants Issued For Services
AdjustmentsToAdditionalPaidInFairValueOfWarrantsIssuedForServices
3793 usd
CY2020Q2 GTXO Issuance Of Preferred Stock For Financing
IssuanceOfPreferredStockForFinancing
200000 usd
CY2020Q2 GTXO Adjustments To Additional Paid In Capital Fair Value Of Retention Bonus Shares
AdjustmentsToAdditionalPaidInCapitalFairValueOfRetentionBonusShares
8021 usd
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
23262 usd
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-3006855 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-3104097 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
238150 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
194373 usd
GTXO Issuance Of Preferred Stock For Financing
IssuanceOfPreferredStockForFinancing
675000 usd
GTXO Stock Issuance Of Common Stock For Financings
StockIssuanceOfCommonStockForFinancings
3275 usd
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
131736 usd
GTXO Adjustments To Additional Paid In Imputted Interest Related Parties
AdjustmentsToAdditionalPaidInImputtedInterestRelatedParties
30705 usd
GTXO Inpixon Loan Reduction Correction
InpixonLoanReductionCorrection
2340 usd
us-gaap Net Income Loss
NetIncomeLoss
-545915 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-2360358 usd
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-3597538 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
157600 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
133078 usd
GTXO Issuance Of Preferred Stock For Financing
IssuanceOfPreferredStockForFinancing
250000 usd
GTXO Adjustments To Additional Paid In Fair Value Of Warrants Issued For Services
AdjustmentsToAdditionalPaidInFairValueOfWarrantsIssuedForServices
3793 usd
GTXO Adjustments To Additional Paid In Capital Fair Value Of Retention Bonus Shares
AdjustmentsToAdditionalPaidInCapitalFairValueOfRetentionBonusShares
16042 usd
us-gaap Net Income Loss
NetIncomeLoss
30170 usd
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-3006855 usd
us-gaap Net Income Loss
NetIncomeLoss
-545915 usd
us-gaap Net Income Loss
NetIncomeLoss
30170 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1728 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
13151 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
682 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
92471 usd
us-gaap Share Based Compensation
ShareBasedCompensation
252225 usd
us-gaap Share Based Compensation
ShareBasedCompensation
157600 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
152586 usd
GTXO Repatriation Of Retention Bonus Shares
RepatriationOfRetentionBonusShares
-16042 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-66036 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
129261 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
2340 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
3793 usd
us-gaap Financing Interest Expense
FinancingInterestExpense
43413 usd
us-gaap Financing Interest Expense
FinancingInterestExpense
49250 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
30705 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15083 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8856 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1267 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
184213 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
125388 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
132864 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15148 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-86358 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
67088 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
93094 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5950 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-28422 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-243364 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-434219 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
64500 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1258 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
146201 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63242 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
146201 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
227870 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
139319 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
675000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
250000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16293 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
204938 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
658707 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
412251 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
352101 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
124233 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76912 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
125200 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
429013 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
249433 usd
us-gaap Interest Paid Net
InterestPaidNet
531 usd
us-gaap Interest Paid Net
InterestPaidNet
9219 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
194373 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
133078 usd
GTXO Deemed Dividend
DeemedDividend
675000 usd
GTXO Conversion Of Preferred Stock To Common Stock
ConversionOfPreferredStockToCommonStock
2841 usd
CY2021Q2 GTXO Working Capital
WorkingCapital
-2213138 usd
GTXO Net Cash Used In Operating Activities Going Conern
NetCashUsedInOperatingActivitiesGoingConern
-241574 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
390124 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
390124 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
568863 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zU4wMvpjLHI3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline"><span id="xdx_860_z7gB4Wr1LcP8">Use of Estimates</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p>
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2020Q4 GTXO Convertible Debt Liability
ConvertibleDebtLiability
0 usd
CY2021Q1 us-gaap Notes Payable
NotesPayable
51150 usd
CY2020Q4 us-gaap Notes Payable
NotesPayable
72115 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zYPatXvoicWd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline"><span id="xdx_864_zqYtMDcmwmRk">Concentrations</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font: 10pt Times New Roman, Times, Serif">For the six months ended June 30, 2021, the Company had three customers representing approximately <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerOneMember_z1fOMgrtkiT9" title="Concentration risk, percentage">80</span>%, <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zTjnzvPSKSZj" title="Concentration risk, percentage">7</span>% and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zboYXjuOqq57" title="Concentration risk, percentage">2</span>% of sales, respectively, and three customers representing approximately <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zlScLWqtGPj7" title="Concentration risk, percentage">22</span>%, <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zlUAHCKOrGwa" title="Concentration risk, percentage">19</span>% and <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zGfIKD4Hwnbc" title="Concentration risk, percentage">9</span>% of total accounts receivable, respectively (of the <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoThousandDifferentCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zcxeq8hVddj3">80</span>% of sales, this represents all sales made through our online store and consists of approximately 2,000+ different customers).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font: 10pt Times New Roman, Times, Serif">For the six months ended June 30, 2020, the Company had three customers representing approximately <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zQakbj7h0Tn6" title="Concentration risk, percentage">30</span>%, <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zw69dQW0oDla" title="Concentration risk, percentage">28</span>% and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zmXiJWsHKhJ5" title="Concentration risk, percentage">14</span>% of sales, respectively, and four customers representing approximately <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zJutcuBvoRTd" title="Concentration risk, percentage">21</span>%, <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zCzXmdXTcUJh" title="Concentration risk, percentage">16</span>%, <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomeThreeMember_zrM0vWCNcXm8" title="Concentration risk, percentage">10</span>% and <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20200101__20200630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerFourMember_zJWtK5webd07" title="Concentration risk, percentage">10</span>% of total accounts receivable, respectively, as of the period then ended.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p>
GTXO Stock Issued For Remaining Shares
StockIssuedForRemainingShares
2000 shares
GTXO Stock Issued For Remaining
StockIssuedForRemaining
2340 usd
CY2021Q2 us-gaap Marketable Securities
MarketableSecurities
3590 usd
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
4166 usd
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
365633334 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
178174413 shares
GTXO Investment Owned Description
InvestmentOwnedDescription
The Company’s investments in marketable securities is comprised of shares of stock of two (2) entities with ownership percentages of less than 5%
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
CY2019 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
10889 shares
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
525 usd
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
9 usd
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
112345 usd
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
114128 usd
CY2021Q2 us-gaap Inventory Net
InventoryNet
112870 usd
CY2020Q4 us-gaap Inventory Net
InventoryNet
114137 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
407863 usd
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
406135 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70650 usd
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7878 usd
us-gaap Depreciation
Depreciation
1728 usd
us-gaap Depreciation
Depreciation
8151 usd
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
400 usd
CY2021Q1 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
44150 usd
CY2020Q4 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
50000 usd
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
7000 usd
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
22000 usd
CY2020Q4 GTXO Line Of Credit One
LineOfCreditOne
-285 usd
CY2021Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
688000 usd
CY2020Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
840673 usd
CY2021Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
217870 usd
CY2020Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
217870 usd
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2020Q4 GTXO Convertible Debt Liability
ConvertibleDebtLiability
0 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
50500000 shares
GTXO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
0.0025
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
23500000 shares
GTXO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice
0.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
22500001 shares
GTXO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpiredInPeriodWeightedAverageExercisePrice
0.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
250000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
49250001 shares

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