$GSTX

Vanguard Energy Corp

CIK:0001497649|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue
Operating Expenses:
Professional Services	5,627,476	785,329	7,177,078	2,279,549
General and administrative	509,110	18,545	650,536	101,380
Total operating expenses	6,136,586	803,874	7,827,614	2,380,929
Loss from operations	(6,136,586)	(803,874)	(7,827,614)	(2,380,929)
Other Income (Expense):
Other income (expense)	631	(5)	669	(56,119)
Interest expense	(61,151)	(73,837)	(178,127)	(128,761)
Gain on extinguishment of debt			106,500
Loss on extinguishment of debt	(820,000)		(863,861)
Total Other Income (Expense)	(880,520)	(73,842)	(934,819)	(184,880)
Net Income (Loss) from continuing operations	(7,017,106)	(877,716)	(8,762,433)	(2,565,809)
Net Loss from discontinued operations
Net Income (Loss)	(7,017,106)	(877,716)	(8,762,433)	(2,565,809)
Net Loss attributed to non-controlling interest	73,846	29	77,585	428
Net Loss attributed to Graphene & Solar Technologies Ltd.	(6,943,260)	(877,687)	(8,684,848)	(2,565,381)
Other Comprehensive Income	(128,116)	(40,851)	15,546	48,597
Net Comprehensive Loss	(7,071,376)	(918,538)	(8,669,302)	(2,516,784)
Net Loss available to common shareholders	$ (7,071,376)	$ (918,538)	$ (8,669,302)	$ (2,516,784)
Income (Loss) per share:
Basic Income (Loss) per share	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.00)
Diluted Income (Loss) per share	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.00)
Weighted average shares outstanding Diluted	901,872,827	684,016,586	853,526,404	649,041,287
Weighted average shares outstanding Basic	901,872,827	684,016,586	853,526,404	649,041,287

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net Income (loss)	$ (8,762,433)	$ (2,565,809)
Adjustments to reconcile net income/(loss) to net cash from operating activities:
Stock-based compensation	5,084,761	387,846
Depreciation expense	3,055	246
Amortization of discount	111,604	81,231
Gain on Settlement of Debt	(106,500)
Loss on Settlement of Debt	863,861
Changes in operating assets and liabilities:
Accounts payable	842,320	349,776
Accrued interest payable	65,982	46,797
Other assets	(1,435)	(175,760)
Other receivables	(56,092)	79,681
Right of use assets	39,091	33,028
Lease liabilities	(39,967)	(32,146)
Due to related parties	1,276,219	1,467,621
Net cash used in operating activities	(679,534)	(327,489)
Cash flows from investing activities
Cash from sale of subsidiary shares	201,110
Cash acquired from purchase of subsidiary
Net cash used in investing activities	201,110
Cash flows from financing activities
Proceeds from issuance of common stock	284,480	23,100
Due to Affiliates		(1,034)
Issuance of convertible note	80,000	220,106
Issuance of convertible note – related party	50,000	125,000
Proceeds from issuance of debt – related party	1,130
Net cash from financing activities	415,610	367,172
Effect of currency translations to cash flow	55,496	1,263
Net change in cash and cash equivalents	(7,318)	40,946
Beginning of period	57,365	1,845
End of period	50,047	42,791
Supplemental cash flow information
Interest paid
Taxes
Noncash investing and financing activities:
Settlement of Debt for Common Stock	347,720	111,000
Settlement of Related Party Debt	1,530,000
Issuance of Common Stock as Debt Discount	31,000	290,517
Cancellation of shares	500
Capitalization of Interest		$ 9,168

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Sep. 30, 2025
Current Assets:
Cash	$ 50,047	$ 57,365
Prepaid expenses	11,815	11,355
Total Current Assets	61,862	68,720
Other Assets:
Furniture and equipment, net of depreciation $96,087 and $89,418	17,198	19,465
Other Receivable	57,762	1,645
Other Assets	118,251	116,192
Right of Use Asset	72,266	107,024
Total Assets	327,339	313,046
Current Liabilities:
Accounts payable and other payable	2,391,996	1,866,742
Accrued interest payable	315,323	248,881
Due to related party	1,582,547	1,836,248
Lease Liability	59,396	59,834
Notes payable – $60,000 in default, at 06/30/26 and 09/30/25	322,520	312,316
Notes payable – related party	95,809	94,804
Convertible notes payable, net of discount $73,977 and $117,185	308,737	184,828
Convertible notes payable – related party, net of discount $21,757 and $58,452	300,920	214,225
Total Current Liabilities	5,377,248	4,817,878
Lease Liability	16,855	51,861
Total Liabilities	5,394,103	4,869,739
Stockholders’ Deficit
Preferred stock: 10,000,000 shares authorized; $0.00001 par value; no shares issued and outstanding
Common stock: 1,500,000,000 shares authorized; $0.00001 par value; 739,928,268 and 679,194,059 shares issued and outstanding	7,400	7,262
Additional paid-in capital	70,521,654	69,708,061
Stock Receivable	(795,000)	(795,000)
Stock Payable	8,028,782	606,635
Accumulated deficit	(83,005,074)	(74,320,226)
Accumulated other comprehensive income	255,537	239,991
Non-Controlling Interest	(80,063)	(3,416)
Total Stockholders’ Deficit	(5,066,764)	(4,556,693)
Total Liabilities and Stockholders’ Deficit	$ 327,339	$ 313,046