Financial reports / Graphene & Solar Technologies Limited | Tables in SEC filings

GSTX Graphene & Solar Technologies Limited

Quarterly report


													Accumulated			Total
	Common Stock				Additional		Stock		Stock		Accumulated’			Comprehensive			Stockholders’
	Shares		Amount		Paid-in		Receivable		Payable		Deficit			Income			Deficit
Balance, September 30, 2023		421,292,610		4,213		63,883,859		(795,000)		—		(68,375,078)			302,977			(4,979,029)
Stock Based Compensation		—		—		—		—		44,400		—			—			44,400
Debt Discount on Notes Payable		600,000		6		11,577		—		7,096		—			—			18,679
Foreign currency translation adjustment		—		—		—		—		—		—			(109,130)			(109,130)
Net loss		—		—		—		—		—		(369,136)			—			(369,136)
Balance, December 31, 2023		421,892,610		4,219		63,895,436		(795,000)		51,496		(68,744,214)			193,847			(5,394,216)
Shares issued for cash		500,000		5		4,995		—		—		—			—			5,000
Stock Based Compensation		2,000,000		20		51,980		—		—		—			—			52,000
Debt Discount on Notes Payable		250,000		3		923		—		—		—			—			926
Debt Extinguishment		500,000		5		1,695		—		—		—			—			1,700
Foreign currency translation adjustment		—		—		—		—		—		—			87,987			87,987
Net loss		—		—		—		—		—		(376,326)			—			(376,326)
Balance, March 31, 2024		425,142,610		4,252		63,955,029		(795,000)		51,496		(69,120,540)			281,834			(5,622,929)
Shares issued for cash		200,000		2		1,998		—		—		—			—			2,000
Stock Based Compensation		10,500,000		105		109,669		—		(44,400)		—			—			65,374
Debt Settlement		14,677,307		147		2,003,040		—		—		—			—			2,003,187
Debt Discount on Notes Payable		750,000		7		8,205		—		(7,096)		—			—			1,116
Sale of Subsidiary		—		—		1,646,819		—		—		—			—			1,646,819
Foreign currency translation adjustment		—		—		—		—		—		—			(38,243)			(38,243)
Net loss		—		—		—		—		—		(418,139)			—			(418,139)
Balance, June 30, 2024		451,269,917		4,513		67,724,760		(795,000)		—		(69,538,679)			243,591			(2,360,815)

Supplemental cash flow information	Quarter ended June 30,
	2024		2023
Interest paid	$	—	$	—
Taxes	$	—	$	—
Noncash investing and financing activities:
Settlement of Debt for Common Stock		2,003,187		24,818
Issuance of Common Stock as Debt Discount		20,721		—

Schedule of notes payable
Description	June 30, 2024		September 30, 2023

Convertible notes	$	100,747	$	100,747
Convertible notes – related party, net of discount $8,560		79,949		—
Notes Payable	$	60,000	$	60,000
Notes Payable – Related Parties	$	53,543	$	71,713


	2024		2023
Cash flows from operating activities
Net Income (loss)	$	(1,163,601)	$	(771,824)
Adjustments to reconcile net income/(loss) to net cash from operating activities:
Stock-based compensation		161,774		30,750
Depreciation expense		252		254
Loss on Debt Extinguishment		1,700		—
Amortization of discount		12,161		—
Loss on Settlement of Debt		—		40,393
Change in operating assets and liabilities:
Accounts payable		295,850		167,158
Accrued interest payable		23,661		15,510
Other Receivables		4,015		(1,921)
Pre-Payments		—		—
Due to related parties		611,027		472,730
Net cash used in operating activities		(53,161)		(46,950)

Cash flows from investing activities
Cash for sale of subsidiary		—		—
Net cash used in investing activities		—		—

Cash flows from financing activities
Proceeds from issuance of common stock		7,000		—
Due to Affiliates		—		51,694
Issuance of convertible note – related party		70,399		—
Net cash from financing activities		77,399		51,694

Effect of currency translations to cash flow		(24,189)		(1,106)
Net change in cash and cash equivalents		(11)		3,638
Beginning of period		1,094		2,857
End of period	$	1,083	$	6,495

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