Annual Statements Open main menu

Graphene & Solar Technologies Ltd - Quarter Report: 2018 December (Form 10-Q)

gstx_10q.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the quarterly period ended December 31, 2018

 

¨ Transition Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the transition period from __________ to __________

 

Commission File Number: None

 

GRAPHENE & SOLAR TECHNOLOGIES LIMITED

(Exact name of registrant as specified in its charter)

 

COLORADO

 

27-2888719

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

433 N. Camden Drive, Ste. 600

Beverly Hills, CA 90210

(Address of principal executive offices, including Zip Code)

 

(310) 887-9966

(Issuer’s telephone number, including area code)

 

(formally known as Solar Quartz Technologies Corporation)

(Former name or former address if changed since last report)

 

Check whether the issuer (1) filed all reports required to be filed by section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ No ¨

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No x

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

¨

Accelerated filer

¨

Non-accelerated filer

¨

Smaller reporting company

x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

 

As of December 31, 2018, the registrant had 238,716,484 outstanding shares of common stock.

 

 
 
 
 

 

GRAPHENE & SOLAR TECHNOLOGIES LIMITED  

 

FORM 10-Q

 

TABLE OF CONTENTS

 

PART I — FINANCIAL INFORMATION

 

 

 

Item 1.

Condensed Consolidated Balance Sheets

3

 

 

 

 

Condensed Consolidated Statements of Operations

4

 

 

 

 

Condensed Consolidated Statements of Cash Flows

5

 

 

 

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations.

8

 

 

 

Item 4.

Controls and Procedures.

10

 

 

 

PART II — OTHER INFORMATION

 

 

 

Item 6.

Exhibits.

11

 

 

 

SIGNATURES

12

 

 
2
 
 

 

GRAPHENE & SOLAR TECHNOLOGIES LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

 

 

 

December 31

 

 

September 30,

 

 

 

2018

(Unaudited)

 

 

2018

(Audited)

 

 

 

 

 

 

ASSETS

Current Assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$ 93,831

 

 

$ 6.704

 

Total Current Assets

 

 

93,831

 

 

 

6,704

 

Other Assets:

 

 

 

 

 

 

 

 

Furniture & Equipment, net of depreciation, $4,335 and $38,278

 

 

42,473

 

 

 

47,155

 

Quartz Deposits

 

 

28,480

 

 

 

28,692

 

Total Assets

 

$ 164,784

 

 

$ 82,551

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$ 109,481

 

 

$ 141,128

 

Accrued interest payable

 

 

40,111

 

 

 

55,673

 

Accrued liabilities

 

 

58,326

 

 

 

35,955

 

Short term notes payable

 

 

90,000

 

 

 

90,000

 

Due to Affiliate Parties

 

 

374,268

 

 

 

447,764

 

Notes Payable-Power Up Lending, net of discount $1,551 and $2,503

 

 

61,449

 

 

 

60,497

 

Current portion of convertible notes payable, net of discount $- and $-

 

 

70,747

 

 

 

70,747

 

Total Current Liabilities

 

 

804,381

 

 

 

901,765

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

Preferred stock, $0.00001 par value; 10,000,000 shares authorized; none issued or outstanding

 

 

 

 

 

 

 

 

Common stock, $0.00001 par value; 500,000,000 and 500,000,000 shares authorized; 238,716,484 and 236,046,151 shares issued and outstanding

 

 

2,387

 

 

 

2,360

 

Additional paid-in capital

 

 

8,393,701

 

 

 

7,972,361

 

Comprehensive income

 

 

128,940

 

 

 

92,046

 

Accumulated deficit

 

 

(9,164,625 )

 

 

(8,885,981 )

 

 

 

 

 

 

 

 

 

Total stockholders' deficit

 

 

(639,596 )

 

 

(819,214 )

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders' deficit

 

$ 164,784

 

 

$ 82,551

 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

 
3
 
Table of Contents

 

GRAPHENE & SOLAR TECHNOLOGIES Limited

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

(Unaudited)

 

 

 

Three Months Ending

December 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

Revenues

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

Professional Services

 

 

100,200

 

 

 

155,821

 

General and administrative

 

 

172,117

 

 

 

93,616

 

Total operating expenses

 

 

272,317

 

 

 

249,437

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(272,317 )

 

 

(249,437 )

 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

 

 

 

 

 

Other income

 

 

1,434

 

 

 

1

 

Interest expense

 

 

(7,761 )

 

 

(4,778 )

 

 

 

 

 

 

 

 

 

Total other income (expense)

 

 

(6,327 )

 

 

(4,777 )

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 

(278,644 )

 

 

(254,214 )

 

 

 

 

 

 

 

 

 

Other Comprehensive Income

 

 

36,894

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net Comprehensive Loss

 

$ (241,750 )

 

$ (254,214 )

 

 

 

 

 

 

 

 

 

Income (Loss) per share:

 

 

 

 

 

 

 

 

Basic and diluted

 

$ (0.00 )

 

$ (0.00 )

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

234,301,260

 

 

 

225,642,896

 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

 
4
 
Table of Contents

 

GRAPHENE & SOLAR TECHNOLOGIES Limited

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the Three-Month Period Ended December 31, 2018 and 2017

(Unaudited)

 

 

 

2018

 

 

2017

 

Cash flows from operating activities

 

 

 

 

 

 

Net Income (loss)

 

$ (278,644 )

 

$ (254.215 )

Adjustments to reconcile net income/(loss) to net cash from operating activities:

 

 

 

 

 

 

 

 

Stock-based compensation

 

 

100,200

 

 

 

56,248

 

Depreciation expense

 

 

4,335

 

 

 

27,714

 

Amortization of discount

 

 

952

 

 

 

-

 

Change in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

(30,868 )

 

 

(58,336 )

Accrued interest payable

 

 

2,653

 

 

 

2,654

 

Accrued liabilities

 

 

4,156

 

 

 

(6,275 )

Due to related parties

 

 

(63,837 )

 

 

-

 

Net cash used in operating activities

 

 

(261,053 )

 

 

(232,210 )

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Affiliates

 

 

-

 

 

 

165,998

 

Proceeds from issuance of common stock

 

 

345,000

 

 

 

50,674

 

Issuance of short term note payable

 

 

-

 

 

 

5,000

 

Net cash from financing activities

 

 

345,000

 

 

 

221,672

 

Effect of currency translations to cash flow

 

 

3,180

 

 

 

-

 

Net change in cash and cash equivalents

 

 

87,127

 

 

 

(10,538 )

Cash and cash equivalents

 

 

 

 

 

 

 

 

Beginning of period

 

 

6,704

 

 

 

10,738

 

End of period

 

$ 93,831

 

 

$ 200

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information

 

Quarter ended December 31,

 

 

 

2018

 

 

2017

 

Interest paid

 

$ -

 

 

$ -

 

Noncash investing and financing activities:

 

 

 

 

 

 

 

 

Debt forgiveness

 

$ -

 

 

 

25,800

 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

 
5
 
Table of Contents

 

GRAPHENE & SOLAR TECHNOLOGIES Limited

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

 

NOTE 1 – BASIS OF PRESENTATION

 

These consolidated financial statements of Graphene &Solar Technologies Limited (GSTX or the Company) have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). In the opinion of management, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to Securities and Exchange Commission (SEC) rules and regulations. These financial statements should be read along with Solar Quartz’s audited financial statements as of September 30, 2018.

 

Going Concern – The Company has incurred cumulative net losses since its inception and will require capital for future operating activities to take place. The Company's ability to raise new funds through the future issuances of debt or common stock is unknown. The obtainment of additional financing, the successful development of a plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern.

 

Future issuances of the Company's equity or debt securities will be required for the Company to finance operations and continue as a going concern. The financial statements do not include any adjustments that may result from the outcome of these uncertainties.

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION

 

Principles of Consolidation and Basis of Presentation — The consolidated financial statements include the accounts of Graphene & Solar Technologies Limited and its subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.

 

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). A summary of the significant accounting policies applied in the preparation of the accompanying financial statements can be found in the Company’s Annual Report in form 10-K for the year ended September 30, 2018.

 

Use of Estimates - The preparation of financial statements in conformity with GAAP 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. Actual results could differ from those estimates.

 

Significant estimates include but are not limited to the estimated useful lives of equipment for purposes of depreciation and the valuation of common shares issued for services, equipment and the liquidation of liabilities.

 

Stock-Based Compensation - The Company accounts for employee stock-based compensation using the fair value method. However, the Company did not evaluate employee-based compensation as the Company has no employees. The Company did issue stock to vendors/consultants for services performed. The fair value attributable to stock options is calculated based on the Black-Scholes option pricing model and is amortized to expense over the service period which is equivalent to the time required to vest the stock options.

 

Foreign Currency Translations – The functional currency of the Company’s foreign subsidiary is primarily the respective local currency. Assets and liabilities of the Company’s foreign subsidiary are translated into U.S. Dollars at the year-end exchange rate, and revenues and expenses are translated at average monthly exchange rates. Translation gains and losses are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity. All other foreign currency transaction gains and losses are included in other (income) expense, net.

 

 
6
 
Table of Contents

 

Earnings Per Share - Basic earnings per share have been calculated based upon the weighted-average number of common shares outstanding. Diluted earnings per share were not calculated as such potential shares would be anti-dilutive. Potential shares that could be converted into common shares at December 31, 2018 are approximately 636,364.

 

Reclassifications - Certain amounts previously presented for prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net loss, working capital or equity previously reported.

 

Recently Issued Accounting Pronouncements - Various accounting standards updates have been recently issued, most of which represented technical corrections to the accounting literature or were applicable to specific industries. Recently accounting pronouncements have been issued that are likely to have a material impact to the Company’s consolidated financial statements. These include accounting standards as they apply to leases. The Company will treat its development of mineral rights under standards for operating leases commonly applied in mineral extraction industries.

 

NOTE 3 – CONVERTIBLE NOTES PAYABLE

 

The Company’s indebtedness as of December 31 and September 30, 2018 were as follows:

 

Description

 

December 31,

2018

 

 

September 30,

2018

 

 

 

 

 

 

 

 

Convertible notes

 

$ 70,747

 

 

$ 70,747

 

Notes Payable

 

$ 90,000

 

 

$ 90,000

 

Note Payable-Power Up Lending

 

$ 63,000

 

 

$ 63,000

 

 

The Notes Payable bear interest at 10% and are due on demand. The convertible notes bear interest at 15% and are also due on demand. The principal and accrued interest of these convertible notes can be converted at the discretion of the holders into common shares at $3.31/share. The Power Up Lending note bears interest at 12% and is due on May 31, 2019. The holder of the loan has the option of converting into shares 170 days after the date of the note at 55% of the average market value 20 days preceding the conversion. On December 31, 2018 the market share price was $.18. The contingent liability will be effective on January 29, 2019 and was not recorded as of December 31, 2018 as this conversion feature was not in effect on December 31, 2018. On January 29, 2019 the holder of the note did not elect to convert to shares.

 

NOTE 4- RELATED PARTY

 

In the fiscal year ended September 30, 2018 we reported $391,865 due to affiliated parties was eliminated from the books of Solar Quartz Technologies Limited concurrent with issuance of shares. There was also a $25,800 debt forgiveness from its affiliate, and both were charged to Additional Paid-in Capital in the year ended September 30, 2018. A partial payment of $160,000 on a debt to a related party was made in December 2018.

 

NOTE 5 – STOCKHOLDERS' EQUITY

 

Common shares of 2,670,000 were issued resulting in an increase to capital stock of $27 and an increase to Additional Paid-in Capital of $445,173. Of the 2,670,000 shares, 600,000 shares were issued for services valued at $100,200 and 2,070,000 shares were issued for proceeds totaling $345,000. The registration of 22,416 common shares to one of the Vanguard Energy Corporation (“VNGE”) stockholders under the acquisition agreement with Graphene & Solar Technologies Limited were made in the quarter ending December 31, 2018.

 

 
7
 
Table of Contents

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF OPERATION

 

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information included in this Form 10-Q.

 

Our Management's Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking. Forward-looking statements are, by their very nature, uncertain and risky. Although the forward-looking statements in this Quarterly Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

 

FORWARD LOOKING STATEMENTS

 

The information contained in this Form 10-Q contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including among other things, statements regarding our capital needs, business strategy and expectations. Any statement which does not contain a historical fact may be deemed to be a forward-looking statement. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. In evaluating forward looking statements, you should consider various factors outlined in our Form 10-K report for the year ended September 30, 2018, filed with the U.S. Securities Exchange Commission (“SEC”) and, from time to time, in other reports we file with the SEC. These factors may cause our actual results to differ materially from any forward-looking statement. We disclaim any obligation to publicly update these statements or disclose any difference between our actual results and those reflected in these statements.

 

Overview

 

In July 2017 we acquired Solar Quartz Technologies Limited, a New Zealand corporation. We are now seeking new financings to meet development and general operating obligations and to justify a market for our stock. Absent achieving such a transaction soon, our viability is in doubt. The Company has managed to raise some capital by sale of shares, but as of December 31, 2018, the Company has not been successful in raising enough capital to meet this goal; however, work is underway to secure funding, and we believe that funding for the Company is possible in the near future.

 

Current Business and Operations

 

On July 2017 we acquired Solar Quartz Technologies Limited, a New Zealand Corporation. We are now seeking new funding to meet development and general operating obligations and to justify a market for our stock. Absent achieving such a transaction soon, our viability is in doubt. As of December 31, 2018, the Company has not been successful in meeting this goal; however, work is underway to secure funding and we believe that funding of the Company is possible in the near future.

 

With the acquisition of Solar Quartz Technologies Limited we now own mining exploration and development rights to significant deposits of High Purity Quartz that we have determined in our evaluation of independent reports and considered judgment to have an aggregate market value of $530,000,000. The reserves are adequate to provide the Company with adequate resources for 25-30 years of production. See Item 1in the FY 2018 10-K Business for greater details.

 

 
8
 
Table of Contents

 

We are currently actively seeking interim working capital in order to complete mining plans and build a pre-processing plant in Townsville, North Queensland, Australia, build upon our already significant management team and market HPQ and HPQS to established markets with whom our management team have had prior relationships. These organizational efforts will also include securing significant new capital for the acquisition of a site and the building of the pre-processing plant. Upon completion, that plant will enable the Company to upgrade its newly mined HPQS to a higher level of purity (HPQS) that has a significant world-wide demand for use in the production of advanced PV solar Panels and all high-end electronics, lighting, telecom, optic and microelectronics. Failure to secure these financings will have a negative impact on the Company’s ability to continue as a going concern.

 

Results of Operations

 

For the fiscal quarters ended December 31, 2017 and December 31, 2018 we generated no revenues, and thus no cost of sales or gross profits.

 

For the fiscal quarters ended December 31, 2017 and December 31, 2018, we incurred $249,437 and $272,317 respectively in operating expenses. The operating expense increases are due primarily to an increase in general and administrative expenses of $78,501 plus a decrease in professional service of $58,621 Together the increase was $22,880.

 

For the fiscal quarter ended December 31, 2017 we recorded other expenses of $4,778 while in December 31, 2018 we incurred expenses of $7,761 both items are represented by accrued interest on debt. Other income of $1,434 was earned in the fiscal quarter, December 31, 2018.

 

For the fiscal quarter December 31, 2017, we reported net loss before taxes of $254,214 while in the fiscal quarter ended December 31, 2018, we reported a net loss before taxes of $278,644. Since there were no tax obligations in either fiscal, net income / loss in each year was the same as that reported before taxes.

 

For the periods ended September 30, 2018 and December 31, 2018, our cash positions were $6,704 and $93,831 respectively, all of the increase was attributable to sale of shares. In the fiscal year ended September 30, 2017 we reported $391,865 due to affiliated parties that was an obligation on the books of Solar Quartz Technologies Limited upon its acquisition. That amount on September 30, 2018 had been eliminated as part of the issuance of shares.

 

As of December 31, 2018, we had total current liabilities of $804,381 while as of September 30, 2018, we had total current liabilities of $901,765, a decrease of about 11%. Accrued interest payable increased from $91,629 to $98,436, all attributable to accruals on the loans and the convertible notes payable.

 

Liquidity and Capital Resources

 

As of December 31, 2018, we had $93,831 in total current assets and $804,381 in total current liabilities. Accordingly, we had a working capital deficit of $710,549.

 

Operating activities used $259,605 in cash for the quarter ended December 31, 2018, as compared to $232,210 for the quarter ended December 31, 2017. We had decrease in cash used in operating activities was due to reduction of related parties payables.

 

Cash from financing activities in the quarter ended December 31, 2018, included increases in amounts due to sale of shares of $345,000 and amounts due to affiliates of $165,998 in the quarter ended December 31, 2017.

 

 
9
 
Table of Contents

 

Off-Balance Sheet Arrangements

 

There are no off-balance sheet arrangements.

 

Critical Accounting Policies and Estimates

 

For a discussion of our accounting policies and related items, please see the Notes to the Financial Statements, included in Item 1.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

 

Not applicable.

 

ITEM 4. CONTROLS AND PROCEDURES.

 

Evaluation of Disclosure Controls and Procedures

 

(a) We maintain a system of controls and procedures designed to ensure that information required to be disclosed in reports filed or submitted under the Securities Exchange Act of 1934, as amended (“1934 Act”), is recorded, processed, summarized and reported within time periods specified in the SEC's rules and forms and to ensure that information required to be disclosed by us in the reports that we file or submit under the 1934 Act is accumulated and communicated to our management, including our Chief Executive and Financial Officer, as appropriate to allow timely decisions regarding required disclosure. As of December 31, 2018, our Interim Chief Financial Officer evaluated the effectiveness of the design and operation of our disclosure controls and procedures. Based on that evaluation, our Interim Chief and Financial Officer concluded that our disclosure controls and procedures were more effective when compared to FY 2017. Checks and balances have been implemented; a system of accounting for expenditures is in place and control of cash has been improved. It is expected that by the end of FY 2019 controls and procedures meeting SEC rules will be in place.

 

Frank G Herrera, our Interim Chief Financial Officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2018 based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, or the COSO Framework (1992). Management’s assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of those controls.

 

Based on this evaluation, management concluded that our internal control over financial reporting was not effective as of December 31, 2018. Some material weaknesses are inherent when we are unable to file current and periodic reports with the SEC within the time frame as required by regulation. This limitation resulted from a general lack of financial support and resources in accounting and financial reporting systems, but management has provided enough financial support to enable us to provide accurate reports on a timely basis in the immediate future.

 

Changes in Internal Control Over Financial Reporting

 

There has been improvement in our internal control over financial reporting that occurred during the period covered by this report, but despite needing more improvement, it has not materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

Management has been addressing the underlying causes for our weaknesses in internal control. Our efforts to raise both debt and equity capital soon will allow us to use those resources to engage outside consultants to assist with the processing of data and drafting financial reports on a timely basis in future reporting periods.

 

 
10
 
Table of Contents

 

PART II

 

ITEM 6. EXHIBITS

 

Exhibits

 

31.1

 

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

31.2

 

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

32

 

Certification pursuant to Section 906 of the Sarbanes-Oxley Act.

 

 
11
 
Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

GRAPHENE & SOLAR TECHNOLOGIES LIMITED

 

 

Date: February 28, 2019

By:

/s/ Frank G Herrera

 

Frank G Herrera

 

Interim Chief Financial Officer

 

 

12