10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000943440-12-000878`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	mycg-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 72 Cash Flow Statement 45

Balance Sheet 40 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
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$19.82K	USD	Point-in-time
Cash	`Cash`	$22.33K	USD	Point-in-time
Cash	`Cash`	$1.62K	USD	Point-in-time
Cash	`Cash`	$5.44K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.51M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.71M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.15K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.71M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$48.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.44K	USD	Point-in-time
Total Assets	`Assets`	$48.28K	USD	Point-in-time
Total Assets	`Assets`	$5.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.76K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$77.29K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$60.41K	USD	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	$104.75K	USD	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	$193.75K	USD	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	$203.44K	USD	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	$203.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$483.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$371.61K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 13,712,800 and 13,512,800 issued, issuable and outstanding at June 30, 2012 and September 30, 2011, respectively.	`CommonStockValue`	$13.71K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 13,712,800 and 13,512,800 issued, issuable and outstanding at June 30, 2012 and September 30, 2011, respectively.	`CommonStockValue`	$13.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$581.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$571.99K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.07M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-908.83K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-477.81K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-323.33K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$48.28K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$5.44K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Affiliate Commissions	`FeesAndCommissions`	-	USD	1 Quarter
Affiliate Commissions	`FeesAndCommissions`	$202.00	USD	3 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$141.00	USD	3 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$16.00	USD	1 Quarter
Website Development services	`TechnologyServicesRevenue`	$17.50K	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$26.04K	USD	1 Quarter
Website Development services	`TechnologyServicesRevenue`	$52.87K	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$9.01K	USD	1 Quarter
Total Revenues	`Revenues`	$26.05K	USD	1 Quarter
Total Revenues	`Revenues`	$17.64K	USD	3 Qtrs
Total Revenues	`Revenues`	$9.01K	USD	1 Quarter
Total Revenues	`Revenues`	$53.07K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$484.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$341.00	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.45K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$8.45K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$12.74K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$24.73K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$21.10K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.50K	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$89.00	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.62K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$489.00	USD	3 Qtrs
Domain names	`LicenseCosts`	$4.63K	USD	3 Qtrs
Domain names	`LicenseCosts`	$5.15K	USD	3 Qtrs
Domain names	`LicenseCosts`	$1.38K	USD	1 Quarter
Domain names	`LicenseCosts`	$2.72K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$6.78K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.39K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$10.65K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$21.20K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.73K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$46.51K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$6.59K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$60.74K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$90.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$90.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	1 Quarter
Rent - related party	`OperatingLeasesRentExpenseNet`	$2.25K	USD	1 Quarter
Rent - related party	`OperatingLeasesRentExpenseNet`	$6.00K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$4.50K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$1.50K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$55.27K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$189.87K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$72.34K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$199.22K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-146.15K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.29K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-172.23K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.26K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.23K	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.33K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.09K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-10.23K	USD	3 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-18.33K	USD	3 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-6.09K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-2.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-52.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-182.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-49.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.48K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.71M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.60M	shares	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.01M	shares	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	13.19M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-52.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-182.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-49.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.48K	USD	3 Qtrs
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	$37.50K	USD	3 Qtrs
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	-	USD	3 Qtrs
Impairment of website development costs	`AssetImpairmentCharges`	$2.61K	USD	3 Qtrs
Impairment of website development costs	`AssetImpairmentCharges`	-	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.76K	USD	3 Qtrs
Increase in accrued salary promissory notes - related parties	`IncreaseDecreaseInAccruedSalaries`	$53.00K	USD	3 Qtrs
Increase in accrued salary promissory notes - related parties	`IncreaseDecreaseInAccruedSalaries`	$89.00K	USD	3 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$22.64K	USD	3 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.38K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.24K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.18K	USD	3 Qtrs
Website development costs	`EmbeddedServiceCosts`	-	USD	3 Qtrs
Website development costs	`EmbeddedServiceCosts`	$-2.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$151.86K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$10.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$10.00K	USD	Point-in-time
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`	$10.00K	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$3.81K	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$2.51K	USD	3 Qtrs
Cash, beginning of the period	`Cash`	$19.82K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$22.33K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.62K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$5.44K	USD	Point-in-time
Cash, end 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`	$1.62K	USD	Point-in-time
Cash, end of the period	`Cash`	$5.44K	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

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