10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000943440-11-000393`
Period End Date	20110630
Filing Date	20110721
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	mycg-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 76 Cash Flow Statement 54

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$22.33K	USD	Point-in-time
Cash	`Cash`	$2.60K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$733.00	USD	Point-in-time
Cash	`Cash`	$19.82K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.26M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.38M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.09K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.26M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.38M	shares	Point-in-time
Common stock issuable	`CommonStockSharesSubscribedButUnissued`	128,500.00	shares	Point-in-time
Total Assets	`Assets`	$21.82K	USD	Point-in-time
Total Assets	`Assets`	$28.09K	USD	Point-in-time
Common stock issuable	`CommonStockSharesSubscribedButUnissued`	-	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.30K	USD	Point-in-time
Accrued expenses - related parties	`DueToRelatedPartiesCurrent`	$53.62K	USD	Point-in-time
Accrued expenses - related parties	`DueToRelatedPartiesCurrent`	$39.74K	USD	Point-in-time
Accrued salary promissory notes	`AccruedSalariesCurrent`	$136.00K	USD	Point-in-time
Accrued salary promissory notes	`AccruedSalariesCurrent`	$189.00K	USD	Point-in-time
Notes Payable - related parties	`NotesPayableRelatedPartiesCurrent`	$98.69K	USD	Point-in-time
Notes Payable - related parties	`NotesPayableRelatedPartiesCurrent`	$158.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$337.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$344.62K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 13,262,800 and 12,375,000 issued and outstanding at June 30, 2011 and September 30, 2010, respectively.	`CommonStockValue`	$12.38K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 13,262,800 and 12,375,000 issued and outstanding at June 30, 2011 and September 30, 2010, respectively.	`CommonStockValue`	$13.26K	USD	Point-in-time
Common stock issuable, $0.001 par value; zero and 128,500 issuable at June 30, 2011 and September 30, 2010, respectively.	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Common stock issuable, $0.001 par value; zero and 128,500 issuable at June 30, 2011 and September 30, 2010, respectively.	`CommonStockSharesSubscriptions`	$129.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$318.80K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$137.70K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-648.59K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-466.12K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-315.92K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-316.52K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$21.82K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$28.09K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Affiliate Commissions	`FeesAndCommissions`	-	USD	2 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$107.00	USD	2 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$141.00	USD	3 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$181.00	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$17.50K	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$32.66K	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$14.58K	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$9.01K	USD	2 Qtrs
Total Revenues	`Revenues`	$9.01K	USD	2 Qtrs
Total Revenues	`Revenues`	$17.64K	USD	3 Qtrs
Total Revenues	`Revenues`	$32.85K	USD	3 Qtrs
Total Revenues	`Revenues`	$14.69K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.45K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$484.00	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$15.68K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$484.00	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$8.45K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$21.10K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$19.89K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$63.05K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$89.00	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$18.67K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$489.00	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$3.50K	USD	2 Qtrs
Domain names	`LicenseCosts`	$4.63K	USD	3 Qtrs
Domain names	`LicenseCosts`	-	USD	2 Qtrs
Domain names	`LicenseCosts`	$1.38K	USD	2 Qtrs
Domain names	`LicenseCosts`	-	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$21.20K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$9.34K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$6.78K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$1.20K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.28K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$46.51K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.62K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$6.59K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$23.00	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$8.00	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$90.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$90.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	2 Qtrs
Rent - related party	`OperatingLeasesRentExpense`	$7.50K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpense`	$1.50K	USD	2 Qtrs
Rent - related party	`OperatingLeasesRentExpense`	$4.50K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpense`	$1.00K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$189.87K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$216.89K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$55.27K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$63.35K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-172.23K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-48.67K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.26K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-184.04K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.96K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.42K	USD	2 Qtrs
Interest expense	`InterestExpense`	$10.23K	USD	3 Qtrs
Total Other Expense	`OtherExpenses`	$2.96K	USD	2 Qtrs
Total Other Expense	`OtherExpenses`	$10.23K	USD	3 Qtrs
Total Other Expense	`OtherExpenses`	$4.42K	USD	2 Qtrs
Total Other Expense	`OtherExpenses`	$12.88K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-53.09K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-196.92K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-182.46K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	12.32M	shares	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.19M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	12.36M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.01M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-53.09K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-196.92K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-182.46K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	-	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$23.00	USD	3 Qtrs
Impairment of website development costs	`AssetImpairmentCharges`	$2.61K	USD	3 Qtrs
Impairment of website development costs	`AssetImpairmentCharges`	$47.17K	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.76K	USD	3 Qtrs
Decrease in employee advance	`IncreaseDecreaseInDueFromEmployeeCurrent`	-	USD	3 Qtrs
Decrease in employee advance	`IncreaseDecreaseInDueFromEmployeeCurrent`	$700.00	USD	3 Qtrs
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	-	USD	3 Qtrs
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$53.00K	USD	3 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$89.34K	USD	3 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.38K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.69K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.24K	USD	3 Qtrs
Purchase of domain names	`PaymentsForPurchaseOfOtherAssets`	-	USD	3 Qtrs
Purchase of domain names	`PaymentsForPurchaseOfOtherAssets`	$3.01K	USD	3 Qtrs
Website development costs	`EmbeddedServiceCosts`	$-47.17K	USD	3 Qtrs
Website development costs	`EmbeddedServiceCosts`	$-2.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.18K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$151.86K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$17.50K	USD	3 Qtrs
Proceeds from stock subscription receivable	`ProceedsFromCollectionOfOtherReceivables`	-	USD	3 Qtrs
Proceeds from stock subscription receivable	`ProceedsFromCollectionOfOtherReceivables`	$10.00K	USD	3 Qtrs
Proceeds from convertible note payable	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible note payable	`ProceedsFromConvertibleDebt`	$5.00K	USD	3 Qtrs
Proceeds from notes payable - related parties	`ProceedsFromNotesPayable`	$45.50K	USD	3 Qtrs
Proceeds from notes payable - related parties	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Payments on notes payable - related parties	`RepaymentsOfNotesPayable`	$59.50K	USD	3 Qtrs
Payments on notes payable - related parties	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$92.36K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$78.00K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$2.51K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-1.87K	USD	3 Qtrs
Cash, beginning of the period	`Cash`	$22.33K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$2.60K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$733.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$19.82K	USD	Point-in-time
Cash, end of the period	`Cash`	$22.33K	USD	Point-in-time
Cash, end of the period	`Cash`	$2.60K	USD	Point-in-time
Cash, end of the period	`Cash`	$733.00	USD	Point-in-time
Cash, end of the period	`Cash`	$19.82K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Conversion of convertible note payable into common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Conversion of convertible note payable into common stock	`DebtConversionConvertedInstrumentAmount1`	$5.00K	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.