10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0000943440-12-001300`
Period End Date	20120930
Filing Date	20121231
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	mycg-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 38 Cash Flow Statement 50 Stockholders Equity 19

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
Cash	`Cash`	$4.12K	USD	Point-in-time
Cash	`Cash`	$19.82K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.62K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.15K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.35M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.35M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.12K	USD	Point-in-time
Total Assets	`Assets`	$4.12K	USD	Point-in-time
Total Assets	`Assets`	$48.28K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.21K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$60.41K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$88.39K	USD	Point-in-time
Accrued salary - promissory notes	`NotesPayableCurrent`	$104.75K	USD	Point-in-time
Accrued salary - promissory notes	`NotesPayableCurrent`	$223.75K	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`	$371.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$527.80K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized 1,386,280 and 1,351,280 issued and outstanding at September 30, 2012 and 2011, respectively	`CommonStockValue`	$1.39K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized 1,386,280 and 1,351,280 issued and outstanding at September 30, 2012 and 2011, respectively	`CommonStockValue`	$1.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$601.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$584.15K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-908.83K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-315.92K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-323.33K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$4.12K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$48.28K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Affiliate Commissions	`FeesAndCommissions`	$202.00	USD	Annual
Affiliate Commissions	`FeesAndCommissions`	$316.00	USD	Annual
Website Development services	`TechnologyServicesRevenue`	$73.72K	USD	Annual
Website Development services	`TechnologyServicesRevenue`	$26.65K	USD	Annual
Total Revenues	`Revenues`	$26.97K	USD	Annual
Total Revenues	`Revenues`	$73.92K	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.81K	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$341.00	USD	Annual
Programming & development	`TechnologyServicesCosts`	$45.58K	USD	Annual
Programming & development	`TechnologyServicesCosts`	$21.84K	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$494.00	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.62K	USD	Annual
Domain names and website development costs	`LicenseCosts`	$5.52K	USD	Annual
Domain names and website development costs	`LicenseCosts`	$5.02K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$13.37K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$3.96K	USD	Annual
Travel & entertainment	`TravelAndEntertainmentExpense`	$9.05K	USD	Annual
Travel & entertainment	`TravelAndEntertainmentExpense`	$14.63K	USD	Annual
Professional fees	`ProfessionalFees`	$67.56K	USD	Annual
Professional fees	`ProfessionalFees`	$72.97K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$120.00K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$120.00K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$6.00K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$8.25K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$267.28K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$250.72K	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-193.36K	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-223.75K	USD	Annual
Interest expense	`InterestExpense`	$218.97K	USD	Annual
Interest expense	`InterestExpense`	$24.48K	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	$-24.48K	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	$-218.97K	USD	Annual
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-442.71K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	1.37M	shares	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberSharesOutstandingBasicAndDiluted`	1.31M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-442.71K	USD	Annual
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	$12.50K	USD	Annual
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	$37.50K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.50K	USD	Annual
Embedded conversion based effective interest	`EmbeddedConversionBasedEffectiveInterest`	-	USD	Annual
Embedded conversion based effective interest	`EmbeddedConversionBasedEffectiveInterest`	$-203.44K	USD	Annual
Impairment of website development costs	`AssetImpairmentCharges`	$2.61K	USD	Annual
Impairment of website development costs	`AssetImpairmentCharges`	-	USD	Annual
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.15K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	Annual
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$73.50K	USD	Annual
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$119.00K	USD	Annual
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$9.21K	USD	Annual
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-808.00	USD	Annual
Increase in accrued expenses - related parties	`IncreaseDecreaseInOtherAccruedLiabilities`	$20.68K	USD	Annual
Increase in accrued expenses - related parties	`IncreaseDecreaseInOtherAccruedLiabilities`	$27.98K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.50K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-107.94K	USD	Annual
Website development costs	`EmbeddedServiceCosts`	$-2.61K	USD	Annual
Website development costs	`EmbeddedServiceCosts`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$151.86K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$10.00K	USD	Annual
Repayment of notes payable - related parties	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of notes payable - related parties	`RepaymentsOfNotesPayable`	$59.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$92.36K	USD	Annual
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$-18.19K	USD	Annual
Increase (decrease) in cash during the year	`CashPeriodIncreaseDecrease`	$2.50K	USD	Annual
Cash, beginning of year	`Cash`	$4.12K	USD	Point-in-time
Cash, beginning of year	`Cash`	$19.82K	USD	Point-in-time
Cash, beginning of year	`Cash`	$1.62K	USD	Point-in-time
Cash, end of year	`Cash`	$4.12K	USD	Point-in-time
Cash, end of year	`Cash`	$19.82K	USD	Point-in-time
Cash, end of year	`Cash`	$1.62K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Reclassification of Promissory Notes into Convertible Notes Payable	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Reclassification of Promissory Notes into Convertible Notes Payable	`DebtConversionConvertedInstrumentAmount1`	$98.69K	USD	Annual
Reclassification of Accrued Salaries into Convertible Notes Payable	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Reclassification of Accrued Salaries into Convertible Notes Payable	`DebtConversionOriginalDebtAmount1`	$104.75K	USD	Annual
Prepaid Common Stock issued for Services	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual
Prepaid Common Stock issued for Services	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$50.00K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-315.92K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-323.33K	USD	Point-in-time
Issuance of previously issuable shares, value	`IssuanceOfPreviouslyIssuableSharesValue`	-	USD	Annual
Common stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$151.86K	USD	Annual
Common stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$10.00K	USD	Annual
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	25,000.00	shares	Point-in-time
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	15,000.00	shares	Point-in-time
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	Annual
Common stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Embedded conversion based effective interest	`EmbeddedConversionBasedEffectiveInterest`	-	USD	Annual
Embedded conversion based effective interest	`EmbeddedConversionBasedEffectiveInterest`	$-203.44K	USD	Annual
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-442.71K	USD	Annual
Balance, amount	`StockholdersEquity`	$-315.92K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-323.33K	USD	Point-in-time

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