Glycolysis is the first stage of respiration, where glucose is broken down into two pyruvate molecules. It occurs in two steps: first, glucose is phosphorylated using ATP to form glucose-6-phosphate; second, the glucose-6-phosphate is oxidized to form two pyruvate molecules, producing a net gain of two ATP molecules. The pyruvate molecules then enter the mitochondria for the link reaction, where they are converted into two acetyl CoA molecules to enter the Krebs cycle, with carbon dioxide and NADH also produced.