2014 Q4 Form 10-Q Financial Statement
#000156066414000096 Filed on November 19, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $40.00K | $42.03K | $26.20K |
YoY Change | 33.33% | 60.43% | -41.86% |
Cost Of Revenue | $30.00K | $19.18K | $22.75K |
YoY Change | 50.0% | -15.7% | -4.8% |
Gross Profit | $10.00K | $22.85K | $3.447K |
YoY Change | 0.0% | 562.92% | -83.71% |
Gross Profit Margin | 25.0% | 54.37% | 13.16% |
Selling, General & Admin | $220.0K | $260.0K | $230.0K |
YoY Change | -12.0% | 13.04% | -20.69% |
% of Gross Profit | 2200.0% | 1137.81% | 6672.47% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | $20.00K |
YoY Change | -100.0% | -100.0% | 0.0% |
% of Gross Profit | 0.0% | 0.0% | 580.21% |
Operating Expenses | $220.0K | $263.1K | $231.4K |
YoY Change | -12.0% | 13.71% | -20.12% |
Operating Profit | -$210.0K | -$240.2K | -$227.9K |
YoY Change | -12.5% | 5.4% | -15.11% |
Interest Expense | $280.0K | $18.52K | $8.355K |
YoY Change | -411.11% | 121.64% | |
% of Operating Profit | |||
Other Income/Expense, Net | $50.00K | -$138.2K | -$368.5K |
YoY Change | -62.51% | 16278.84% | |
Pretax Income | -$200.0K | -$380.0K | -$600.0K |
YoY Change | -47.37% | -36.67% | 122.22% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$200.0K | -$378.4K | -$596.5K |
YoY Change | -47.37% | -36.56% | 120.31% |
Net Earnings / Revenue | -500.0% | -900.31% | -2276.7% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$79.05K | -$174.3K | -$422.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 188.6M shares | 163.7M shares | 106.7M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.00K | $20.00K | $60.00K |
YoY Change | -83.33% | -66.67% | 500.0% |
Cash & Equivalents | $12.17K | $15.40K | $57.50K |
Short-Term Investments | |||
Other Short-Term Assets | $15.56K | $29.38K | $84.11K |
YoY Change | -43.91% | -65.07% | 462.44% |
Inventory | $100.4K | $1.329K | $2.246K |
Prepaid Expenses | |||
Receivables | $30.00K | $30.00K | $0.00 |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $159.2K | $74.57K | $146.6K |
YoY Change | 67.34% | -49.13% | 167.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.120K | $1.945K | $50.54K |
YoY Change | -59.6% | -96.15% | -61.71% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $124.7K | $133.5K | $126.5K |
YoY Change | 38.67% | 5.56% | -19.91% |
TOTAL ASSETS | |||
Total Short-Term Assets | $159.2K | $74.57K | $146.6K |
Total Long-Term Assets | $124.7K | $133.5K | $126.5K |
Total Assets | $283.9K | $208.1K | $273.1K |
YoY Change | 53.41% | -23.79% | 28.38% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $330.0K | $330.0K | $370.0K |
YoY Change | 6.45% | -10.81% | 2.78% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $371.5K | $210.0K | $20.00K |
YoY Change | 312.72% | 950.0% | -33.33% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.355M | $1.344M | $761.1K |
YoY Change | 63.14% | 76.63% | 20.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $310.0K | $280.0K |
YoY Change | -100.0% | 10.71% | |
Other Long-Term Liabilities | $0.00 | $620.0K | $320.0K |
YoY Change | -100.0% | 93.75% | |
Total Long-Term Liabilities | $0.00 | $930.0K | $600.0K |
YoY Change | -100.0% | 55.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.355M | $1.344M | $761.1K |
Total Long-Term Liabilities | $0.00 | $930.0K | $600.0K |
Total Liabilities | $1.355M | $2.275M | $1.358M |
YoY Change | -8.43% | 67.51% | 115.46% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$17.24M | -$17.04M | -$15.06M |
YoY Change | 11.68% | 13.19% | 9.79% |
Common Stock | $264.6K | $170.1K | $120.5K |
YoY Change | 101.46% | 41.14% | 47.58% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.071M | -$2.067M | -$1.085M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $283.9K | $208.1K | $273.1K |
YoY Change | 53.41% | -23.79% | 28.38% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$200.0K | -$378.4K | -$596.5K |
YoY Change | -47.37% | -36.56% | 120.31% |
Depreciation, Depletion And Amortization | $0.00 | $0.00 | $20.00K |
YoY Change | -100.0% | -100.0% | 0.0% |
Cash From Operating Activities | -$170.0K | -$80.00K | -$100.0K |
YoY Change | 21.43% | -20.0% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 170.0K | 70.00K | 130.0K |
YoY Change | 21.43% | -46.15% | 1200.0% |
NET CHANGE | |||
Cash From Operating Activities | -170.0K | -80.00K | -100.0K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 170.0K | 70.00K | 130.0K |
Net Change In Cash | -0.00000000008731 | -10.00K | 30.00K |
YoY Change | -133.33% | 200.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$170.0K | -$80.00K | -$100.0K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$170.0K | -$80.00K | -$100.0K |
YoY Change | 21.43% | -20.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Registrant Name
EntityRegistrantName
|
GTX Corp | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001375793 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | ||
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
188620555 | shares |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64754 | usd |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
15396 | usd |
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Cash And Cash Equivalents At Carrying Value
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|
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Cash And Cash Equivalents At Carrying Value
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|
57497 | usd |
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Accounts Receivable Net
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|
1892 | usd |
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Accounts Receivable Net
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|
28463 | usd |
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Inventory Net
InventoryNet
|
766 | usd |
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Inventory Net
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|
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Other Assets Current
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|
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Assets Current
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74565 | usd |
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Property Plant And Equipment Net
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|
7722 | usd |
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Property Plant And Equipment Net
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|
1945 | usd |
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Assets
Assets
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Assets
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Accounts Payable And Accrued Liabilities Current
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Accounts Payable Related Parties Current
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Par Or Stated Value Per Share
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Common Stock Par Or Stated Value Per Share
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Common Stock Par Or Stated Value Per Share
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Common Stock Shares Authorized
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Cost Of Goods Sold
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Gross Profit
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Wages And Professional Fees
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General And Administrative Expense
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General And Administrative Expense
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|
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|
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|
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Operating Expenses
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|
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Operating Income Loss
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Derivative Gain Loss On Derivative Net
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Interest Expense
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Interest Expense
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Interest Expense
InterestExpense
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Other Nonoperating Income Expense
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Other Nonoperating Income Expense
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Net Income Loss
NetIncomeLoss
|
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Net Income Loss
NetIncomeLoss
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Weighted Average Number Of Shares Outstanding Basic
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|
154376742 | shares | |
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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|
106711903 | shares |
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Weighted Average Number Of Shares Outstanding Basic
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|
97705298 | shares | |
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|
-0.01 | ||
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|
-0.00 | |
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-0.01 | |
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Earnings Per Share Basic And Diluted
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-0.01 | ||
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Debt Issuance Costs
DebtIssuanceCosts
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us-gaap |
Debt Issuance Costs
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|
200000 | usd | |
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Depreciation
Depreciation
|
7222 | usd | |
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Depreciation
Depreciation
|
58097 | usd | |
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Share Based Compensation
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Share Based Compensation
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us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-26571 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3351 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-563 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-689 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-24830 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
105000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
301778 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
100706 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
19287 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
143374 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
20507 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-7665 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-362663 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-208652 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1445 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1445 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
318750 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
270000 | usd | |
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
4000 | usd | |
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
314750 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
235500 | usd | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-49358 | usd | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
26848 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
750 | usd | |
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
0 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
660723 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
131558 | usd | |
gtxo |
Issuance Of Convertible Debt For Insoles
IssuanceOfConvertibleDebtForInsoles
|
43750 | usd | |
gtxo |
Issuance Of Convertible Debt For Insoles
IssuanceOfConvertibleDebtForInsoles
|
0 | usd | |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
51272 | usd | |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
171450 | usd | |
gtxo |
Issuance Common Stock Prepaid Advisory
IssuanceCommonStockPrepaidAdvisory
|
0 | usd | |
gtxo |
Issuance Common Stock Prepaid Advisory
IssuanceCommonStockPrepaidAdvisory
|
145000 | usd | |
us-gaap |
Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
0 | usd | |
us-gaap |
Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
36000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
200000 | usd | |
us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
0 | usd | |
us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-34500 | usd | |
gtxo |
Shares Issued For Accrued Expenses Value
SharesIssuedForAccruedExpensesValue
|
51272 | usd | |
gtxo |
Shares Issued For Accrued Expenses Shares
SharesIssuedForAccruedExpensesShares
|
1508000 | shares | |
gtxo |
Shares Issued With Repurchase Rights Value
SharesIssuedWithRepurchaseRightsValue
|
9543 | usd | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Basis of Presentation</u></b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited consolidated financial statements of GTX have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and applicable regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of financial position and results of operations have been included. Our operating results for the nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. The accompanying unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2013, which are included in our Annual Report on Form 10-K.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements reflect the accounts of GTX Corp and its wholly owned subsidiaries. All significant inter-company balances and transactions have been eliminated.</p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Use of Estimates</u></b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the accompanying unaudited consolidated financial statements requires the use of estimates that affect the reported amounts of assets, liabilities, revenues, expenses and contingencies.  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> | ||
gtxo |
Shares Issued With Repurchase Rights Shares
SharesIssuedWithRepurchaseRightsShares
|
750000 | shares | |
gtxo |
Stock Issued During Period Value Conversion Of Convertible Debt
StockIssuedDuringPeriodValueConversionOfConvertibleDebt
|
660722 | usd | |
us-gaap |
Reclassifications
Reclassifications
|
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Reclassifications</u></b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the financial statement presentation used in 2014. These reclassifications have no impact on net loss.</p> | ||
CY2014Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
164886 | usd |
gtxo |
Shares Issued For Services Rendered Value
SharesIssuedForServicesRenderedValue
|
109125 | usd | |
gtxo |
Shares Issued For Services Rendered Shares
SharesIssuedForServicesRenderedShares
|
6566176 | shares | |
gtxo |
Schedule Of Warrant Activity
ScheduleOfWarrantActivity
|
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company’s warrant activity and related information is provided below:</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"> </td><td style="font: bold 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="font: bold 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Exercise Price $</td><td style="font: bold 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="font: bold 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Number of <br />Warrants</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; font: 11pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt">Outstanding and exercisable at December 31, 2013</td><td style="width: 8%; font: 11pt Times New Roman, Times, Serif"> </td> <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="width: 12%; font: 11pt Times New Roman, Times, Serif; text-align: right">0.02 - 0.08</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="width: 8%; font: 11pt Times New Roman, Times, Serif"> </td> <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="width: 12%; font: 11pt Times New Roman, Times, Serif; text-align: right">7,720,000</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt">Warrants exercised</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt">Warrants granted</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">—  </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Warrants expired</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: right">0.08</td><td style="padding-bottom: 1pt; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: right">(5,720,000</td><td style="padding-bottom: 1pt; font: 11pt Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt">Outstanding and exercisable at September 30, 2014</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 11pt Times New Roman, Times, Serif; text-align: right">0.02</td><td style="padding-bottom: 2.5pt; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: 11pt Times New Roman, Times, Serif; text-align: right">2,000,000</td><td style="padding-bottom: 2.5pt; font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr></table> | ||
CY2013Q4 | gtxo |
Convertible Notes Payable Current Principal Balance
ConvertibleNotesPayableCurrentPrincipalBalance
|
142500 | usd |
CY2013Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
-51703 | usd |
CY2014Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
-66061 | usd |
CY2013Q4 | us-gaap |
Debt Current
DebtCurrent
|
94797 | usd |
CY2014Q3 | us-gaap |
Debt Current
DebtCurrent
|
275000 | usd |
CY2013Q4 | gtxo |
Convertible Debt Noncurrent Principal Balance
ConvertibleDebtNoncurrentPrincipalBalance
|
730438 | usd |
CY2014Q3 | gtxo |
Convertible Debt Noncurrent Principal Balance
ConvertibleDebtNoncurrentPrincipalBalance
|
730000 | usd |
CY2013Q4 | gtxo |
Debt Instrument Unamortized Discount Non Current
DebtInstrumentUnamortizedDiscountNonCurrent
|
-492766 | usd |
CY2014Q3 | gtxo |
Debt Instrument Unamortized Discount Non Current
DebtInstrumentUnamortizedDiscountNonCurrent
|
-420705 | usd |
CY2014Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
|
106000 | usd |
CY2014Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
|
624000 | usd |
CY2014Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
|
0 | usd |
CY2014Q3 | gtxo |
Amount Of Tranche
AmountOfTranche
|
425000 | usd |
CY2014Q3 | gtxo |
Tranche Obligation
TrancheObligation
|
901000 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1065268 | usd | |
us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
29918861 | shares | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
830662 | usd | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
38743037 | shares | |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
7720000 | shares |
CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
2000000 | shares |
CY2013Q4 | gtxo |
Warrants Maximum Exercise Price
WarrantsMaximumExercisePrice
|
0.08 | |
CY2014Q3 | gtxo |
Warrants Maximum Exercise Price
WarrantsMaximumExercisePrice
|
.02 | |
CY2013Q4 | gtxo |
Warrants Minimum Exercise Price
WarrantsMinimumExercisePrice
|
0.02 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
-5720000 | shares | |
gtxo |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercise Price Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisePriceForfeituresAndExpirations
|
0.08 | ||
CY2014Q3 | gtxo |
Warrants Outstanding At.02 Exercise Price
WarrantsOutstandingAt.02ExercisePrice
|
2000000 | shares |
gtxo |
Remaining Life Of Warrants Exercise Price In Years
RemainingLifeOfWarrantsExercisePriceInYears
|
P11M157D | ||
CY2014Q3 | gtxo |
Warrants Exerciseable02 Exercise Price
WarrantsExerciseable02ExercisePrice
|
2000000 | shares |
us-gaap |
Temporary Equity Contract Terms
TemporaryEquityContractTerms
|
In connection with the SPA entered into with Atlantic on July 12, 2013 (See Note 4), the Company issued a Warrant to Atlantic, whereby Atlantic is entitled to purchase from the Company a total number of shares of common stock, such that, when added to the total number of shares of common stock acquired by Atlantic upon conversion of the Atlantic Note, equals 12% of the common stock outstanding as of the date of such conversion, as such total outstanding amount may, be increased by issuances of common stock occurring on or prior to November 13, 2014 (or by issuances of common stock occurring after November 13, 2014 but pursuant to convertible instruments issued or commitments made by the Company prior to November 13, 2014), other than issuances of excluded securities as such term is defined in the Atlantic Note, at an exercise price per share equal to $0.001 per share, at any time and from time to time on or after the Closing Date and through and including November 13, 2020. As of the September 30, 2014, Atlantic has not converted any portion of the Atlantic Note.</p> | ||
CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
7000000 | shares |
CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2216000 | shares |
CY2014Q3 | gtxo |
Working Capital
WorkingCapital
|
-1269813 | usd |