2022 Q1 Form 10-Q Financial Statement

#000149315222013691 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $168.5K $230.5K
YoY Change -26.9% 138.35%
Cost Of Revenue $94.86K $147.2K
YoY Change -35.54% 324.86%
Gross Profit $73.65K $83.36K
YoY Change -11.64% 34.28%
Gross Profit Margin 43.71% 36.16%
Selling, General & Admin $71.65K $57.99K
YoY Change 23.56% -23.14%
% of Gross Profit 97.28% 69.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.335K $1.188K
YoY Change 601.6% -70.85%
% of Gross Profit 11.32% 1.43%
Operating Expenses $293.6K $285.0K
YoY Change 3.02% 0.95%
Operating Profit -$219.9K -$201.6K
YoY Change 9.09% -8.45%
Interest Expense -$36.09K -$22.79K
YoY Change 58.36% -112.02%
% of Operating Profit
Other Income/Expense, Net $25.54K -$88.83K
YoY Change -128.75% -139.11%
Pretax Income -$194.4K -$290.4K
YoY Change -33.07% -4303.04%
Income Tax
% Of Pretax Income
Net Earnings -$194.4K -$290.4K
YoY Change -33.07% -4304.21%
Net Earnings / Revenue -115.35% -125.99%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$825.40 -$1.772K
COMMON SHARES
Basic Shares Outstanding 235.5M shares 163.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.26K $412.7K
YoY Change -88.79% 303.4%
Cash & Equivalents $44.89K $408.0K
Short-Term Investments $1.370K $4.676K
Other Short-Term Assets $15.66K $70.13K
YoY Change -77.67% 408.96%
Inventory $84.36K $53.72K
Prepaid Expenses
Receivables $31.67K $50.23K
Other Receivables $0.00 $0.00
Total Short-Term Assets $178.0K $586.8K
YoY Change -69.67% 238.53%
LONG-TERM ASSETS
Property, Plant & Equipment $84.13K $13.17K
YoY Change 538.77% -8.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $84.13K $13.17K
YoY Change 538.77% -55.09%
TOTAL ASSETS
Total Short-Term Assets $178.0K $586.8K
Total Long-Term Assets $84.13K $13.17K
Total Assets $262.1K $599.9K
YoY Change -56.31% 196.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.1K $157.6K
YoY Change -14.89% -15.87%
Accrued Expenses $310.4K $291.9K
YoY Change 6.32% -30.66%
Deferred Revenue $29.50K $31.28K
YoY Change -5.69% -44.99%
Short-Term Debt $1.805M
YoY Change
Long-Term Debt Due $16.15K $11.72K
YoY Change 37.8%
Total Short-Term Liabilities $3.131M $2.981M
YoY Change 5.03% -19.21%
LONG-TERM LIABILITIES
Long-Term Debt $140.9K $217.9K
YoY Change -35.35%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $140.9K $217.9K
YoY Change -35.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.131M $2.981M
Total Long-Term Liabilities $140.9K $217.9K
Total Liabilities $3.271M $3.198M
YoY Change 2.28% -13.31%
SHAREHOLDERS EQUITY
Retained Earnings -$26.25M -$24.89M
YoY Change 5.44% 5.47%
Common Stock $23.85K $18.60K
YoY Change 28.26% 132.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.009M -$2.599M
YoY Change
Total Liabilities & Shareholders Equity $262.1K $599.9K
YoY Change -56.31% 196.04%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$194.4K -$290.4K
YoY Change -33.07% -4304.21%
Depreciation, Depletion And Amortization $8.335K $1.188K
YoY Change 601.6% -70.85%
Cash From Operating Activities -$141.7K -$76.73K
YoY Change 84.67% -53.69%
INVESTING ACTIVITIES
Capital Expenditures $6.480K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.260K
YoY Change -100.0% -99.14%
Cash From Investing Activities -$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 $48.25K $413.0K
YoY Change -88.32% -5061.48%
NET CHANGE
Cash From Operating Activities -$141.7K -$76.73K
Cash From Investing Activities -$5.222K
Cash From Financing Activities $48.25K $413.0K
Net Change In Cash -$93.45K $331.1K
YoY Change -128.22% -1291.23%
FREE CASH FLOW
Cash From Operating Activities -$141.7K -$76.73K
Capital Expenditures $6.480K
Free Cash Flow -$141.7K -$83.21K
YoY Change 70.29%

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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7318 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
23750 usd
CY2021Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
34574 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-7754 usd
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6075 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-141695 usd
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-76730 usd
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6480 usd
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1258 usd
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5222 usd
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9180 usd
CY2021Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
425000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
25000 usd
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
25000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1755 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
9180 usd
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
11957 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48245 usd
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
413043 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-93450 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
331091 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
138342 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76912 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44892 usd
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230521 usd
CY2022Q1 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
63885 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
408003 usd
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
298 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
171873 usd
CY2021Q1 GTXO Deemed Dividend
DeemedDividend
425000 usd
CY2021Q1 GTXO Conversion Of Preferred Stock To Common Stock
ConversionOfPreferredStockToCommonStock
1000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-3009406 usd
CY2022Q1 GTXO Working Capital
WorkingCapital
2952685 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168516 usd
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230521 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168516 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40351 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40351 usd
CY2022Q1 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
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zKb1RtSnOby5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_863_zF6ppTX2tnP1">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zJDePi0vIZ43" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_869_zg8wKjbgUbR5">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">As of March 31, 2022, the Company had three customers representing approximately <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220331__srt--MajorCustomersAxis__custom--CustomerOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zfkAjJ6CTV1" title="Concentration risk, percentage">40</span>%, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zthBqsiSRWr1" title="Concentration risk, percentage">26</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zyXZzOFMuA7b" title="Concentration risk, percentage">13</span>% of sales, respectively, and four customers representing approximately <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zAYgIxb5F5Wl" title="Concentration risk, percentage">15</span>%, <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zGYQwhX1gec1" title="Concentration risk, percentage">14</span>%, <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z2APzKmxO0p3" title="Concentration risk, percentage">12</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerFourMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zqfkOSpDFNj7" title="Concentration risk, percentage">10</span>% of total accounts receivable, respectively (the <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerMember_z4QHXKfCSJx8" title="Concentration risk, percentage">26</span>% in sales and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zQ0nC8Cqrvz3" title="Concentration risk, percentage">14</span>% in receivables represents all sales made through our online store and consists of approximately 2,000 different customers). As of March 31, 2021, the Company had three customers representing approximately <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zL790Yha8Mel" title="Concentration risk, percentage">22</span>%, <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zvn4RAsu73Pc" title="Concentration risk, percentage">13</span>% and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zKDVxR2IoeNi" title="Concentration risk, percentage">12</span>% of sales, respectively, and two customers representing approximately <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zb9wVBLYutD8" title="Concentration risk, percentage">75</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zCwmhsHRaQ18" title="Concentration risk, percentage">8</span>% of total accounts receivable, respectively (of the <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zZEyeKCkW4d9" title="Concentration risk, percentage">75</span>% this represents all sales made through our online store and consists of approximately 2,000 different customers).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q1 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%. The Company accounted for these investments pursuant to ASU 320, Investments – Debt and Equity Securities. As such, these investments were recorded at their market value as of December 31, 2019, with the change in fair value being reflected in the statement of operations
CY2019 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
10889 shares
CY2020Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8500 shares
CY2021Q4 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
40640 usd
CY2022Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1370 usd
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2465 usd
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2020Q4 GTXO Convertible Debt Liability
ConvertibleDebtLiability
0 usd
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
169241667 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187159131 shares
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
58511 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
71936 usd
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25850 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25322 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
84361 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
98258 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
429908 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
421573 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
84126 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92461 usd
CY2022Q1 us-gaap Depreciation
Depreciation
8335 usd
CY2021Q1 us-gaap Depreciation
Depreciation
1188 usd
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
7000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
7000 usd
CY2022Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
9153 usd
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
74953 usd
CY2022Q1 us-gaap Notes Payable
NotesPayable
80038 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
122593 usd
CY2021Q4 GTXO Paycheck Protection Program Loan Amount
PaycheckProtectionProgramLoanAmount
67870 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 GTXO Paycheck Protection Program Loan Amount
PaycheckProtectionProgramLoanAmount
67870 usd
CY2022Q1 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
9153 usd
CY2021Q4 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
7083 usd
CY2022Q1 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
140847 usd
CY2021Q4 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
142917 usd
CY2022Q1 GTXO Short Term And Long Term Loans Payable
ShortTermAndLongTermLoansPayable
150000 usd
CY2021Q4 GTXO Short Term And Long Term Loans Payable
ShortTermAndLongTermLoansPayable
217870 usd
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
982792 usd
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
4000000 shares
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
39600 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
49250000 shares
CY2022Q1 GTXO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
0.0025
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
10000000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
39250000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022Q1 GTXO Bonus Declared Or Accrued
BonusDeclaredOrAccrued
0 usd
CY2021Q1 GTXO Bonus Declared Or Accrued
BonusDeclaredOrAccrued
0 usd
CY2021Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
1200000 shares
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
11400 usd
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001375793
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
000-53046
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
GTX Corp
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0493446
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
117 W. 9th Street
CY2022Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1214
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Los Angeles
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
90015
CY2022Q1 dei City Area Code
CityAreaCode
213
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
489-3019
CY2022Q1 dei Security12b Title
Security12bTitle
None
CY2022Q1 dei Trading Symbol
TradingSymbol
GTXO
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
239702479 shares
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44892 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
138342 usd
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
31672 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
13735 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
84361 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
98258 usd
CY2022Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1370 usd
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2465 usd
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
15662 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
55016 usd
CY2022Q1 us-gaap Assets Current
AssetsCurrent
177957 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
307816 usd
CY2022Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
84126 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
92461 usd
CY2022Q1 us-gaap Assets
Assets
262083 usd
CY2021Q4 us-gaap Assets
Assets
400277 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
134144 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
182610 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
310363 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
327293 usd
CY2022Q1 GTXO Accrued Expenses Related Parties Current
AccruedExpensesRelatedPartiesCurrent
835810 usd
CY2021Q4 GTXO Accrued Expenses Related Parties Current
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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CY2021Q1 GTXO Inpixon Loan Reduction Correction
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Depreciation And Amortization
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CY2021Q1 us-gaap Depreciation And Amortization
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CY2022Q1 us-gaap Marketable Securities Gain Loss
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CY2021Q1 us-gaap Marketable Securities Gain Loss
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CY2022Q1 us-gaap Share Based Compensation
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CY2021Q1 us-gaap Share Based Compensation
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CY2022Q1 GTXO Grant From Care Loans
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CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022Q1 us-gaap Financing Interest Expense
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CY2021Q1 us-gaap Financing Interest Expense
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CY2021Q1 GTXO Bonus Shares Issued
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CY2021Q1 GTXO Payments For Proceeds On Loan
PaymentsForProceedsOnLoan
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2021Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-141695 usd
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6480 usd
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9180 usd
CY2021Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
425000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
25000 usd
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
25000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1755 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
9180 usd
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
11957 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48245 usd
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-93450 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
331091 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
138342 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76912 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44892 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
408003 usd
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
298 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
171873 usd
CY2021Q1 GTXO Deemed Dividend
DeemedDividend
425000 usd
CY2021Q1 GTXO Conversion Of Preferred Stock To Common Stock
ConversionOfPreferredStockToCommonStock
1000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-3009406 usd
CY2022Q1 GTXO Working Capital
WorkingCapital
2952685 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168516 usd
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230521 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168516 usd
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230521 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40351 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40351 usd
CY2022Q1 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
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zKb1RtSnOby5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_863_zF6ppTX2tnP1">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zJDePi0vIZ43" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_869_zg8wKjbgUbR5">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">As of March 31, 2022, the Company had three customers representing approximately <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220331__srt--MajorCustomersAxis__custom--CustomerOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zfkAjJ6CTV1" title="Concentration risk, percentage">40</span>%, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zthBqsiSRWr1" title="Concentration risk, percentage">26</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zyXZzOFMuA7b" title="Concentration risk, percentage">13</span>% of sales, respectively, and four customers representing approximately <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zAYgIxb5F5Wl" title="Concentration risk, percentage">15</span>%, <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zGYQwhX1gec1" title="Concentration risk, percentage">14</span>%, <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z2APzKmxO0p3" title="Concentration risk, percentage">12</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerFourMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zqfkOSpDFNj7" title="Concentration risk, percentage">10</span>% of total accounts receivable, respectively (the <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerMember_z4QHXKfCSJx8" title="Concentration risk, percentage">26</span>% in sales and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20220101__20220331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zQ0nC8Cqrvz3" title="Concentration risk, percentage">14</span>% in receivables represents all sales made through our online store and consists of approximately 2,000 different customers). As of March 31, 2021, the Company had three customers representing approximately <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zL790Yha8Mel" title="Concentration risk, percentage">22</span>%, <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zvn4RAsu73Pc" title="Concentration risk, percentage">13</span>% and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomerThreeMember_zKDVxR2IoeNi" title="Concentration risk, percentage">12</span>% of sales, respectively, and two customers representing approximately <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerOneMember_zb9wVBLYutD8" title="Concentration risk, percentage">75</span>% and <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_uPure_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerTwoMember_zCwmhsHRaQ18" title="Concentration risk, percentage">8</span>% of total accounts receivable, respectively (of the <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20210331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--CustomerMember_zZEyeKCkW4d9" title="Concentration risk, percentage">75</span>% this represents all sales made through our online store and consists of approximately 2,000 different customers).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1370 usd
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2465 usd
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2020Q4 GTXO Convertible Debt Liability
ConvertibleDebtLiability
0 usd
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
169241667 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187159131 shares
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q1 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%. The Company accounted for these investments pursuant to ASU 320, Investments – Debt and Equity Securities. As such, these investments were recorded at their market value as of December 31, 2019, with the change in fair value being reflected in the statement of operations
CY2019 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
10889 shares
CY2020Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8500 shares
CY2022Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
58511 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
71936 usd
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25850 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25322 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
84361 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
98258 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
429908 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
421573 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
84126 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92461 usd
CY2022Q1 us-gaap Depreciation
Depreciation
8335 usd
CY2021Q1 us-gaap Depreciation
Depreciation
1188 usd
CY2022Q1 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
63885 usd
CY2021Q4 GTXO Short Term Borrowings One
ShortTermBorrowingsOne
40640 usd
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
7000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
7000 usd
CY2022Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
9153 usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
39600 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
49250000 shares
CY2022Q1 GTXO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
0.0025
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
10000000 shares
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
74953 usd
CY2022Q1 us-gaap Notes Payable
NotesPayable
80038 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
122593 usd
CY2021Q4 GTXO Paycheck Protection Program Loan Amount
PaycheckProtectionProgramLoanAmount
67870 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
758000 usd
CY2021Q4 GTXO Paycheck Protection Program Loan Amount
PaycheckProtectionProgramLoanAmount
67870 usd
CY2022Q1 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
9153 usd
CY2021Q4 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
7083 usd
CY2022Q1 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
140847 usd
CY2021Q4 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
142917 usd
CY2022Q1 GTXO Short Term And Long Term Loans Payable
ShortTermAndLongTermLoansPayable
150000 usd
CY2021Q4 GTXO Short Term And Long Term Loans Payable
ShortTermAndLongTermLoansPayable
217870 usd
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
982792 usd
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
4000000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
39250000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022Q1 GTXO Bonus Declared Or Accrued
BonusDeclaredOrAccrued
0 usd
CY2021Q1 GTXO Bonus Declared Or Accrued
BonusDeclaredOrAccrued
0 usd
CY2021Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
1200000 shares
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
11400 usd

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