10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000943440-13-000166`
Period End Date	20121231
Filing Date	20130214
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	mycg-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 34 Cash Flow Statement 26

Balance Sheet 34 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`	$228.00	USD	Point-in-time
Cash	`Cash`	$1.62K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$12.29K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$4.12K	USD	Point-in-time
Total Assets	`Assets`	$4.12K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Total Assets	`Assets`	$228.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.21K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.59K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$103.55K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$88.39K	USD	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	$223.75K	USD	Point-in-time
Accrued salary promissory notes - related parties	`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`	$540.33K	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 issued and outstanding at December 31, 2012 and September 30, 2012	`CommonStockValue`	$1.39K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 1,386,280 issued and outstanding at December 31, 2012 and September 30, 2012	`CommonStockValue`	$1.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$601.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$601.62K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-540.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$228.00	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$4.12K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Affiliate Commissions	`FeesAndCommissions`	$36.00	USD	1 Quarter
Affiliate Commissions	`FeesAndCommissions`	-	USD	1 Quarter
Website Development services	`TechnologyServicesRevenue`	$11.69K	USD	1 Quarter
Website Development services	`TechnologyServicesRevenue`	$14.45K	USD	1 Quarter
Total Revenues	`Revenues`	$11.73K	USD	1 Quarter
Total Revenues	`Revenues`	$14.45K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$180.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$3.24K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$9.64K	USD	1 Quarter
Domain names	`LicenseCosts`	$353.00	USD	1 Quarter
Domain names	`LicenseCosts`	$346.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.72K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$22.35K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$1.50K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$2.25K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$59.68K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$24.72K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-10.27K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-47.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.15K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.15K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-6.15K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-6.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-54.11K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.43K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.39M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.35M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-54.11K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.43K	USD	1 Quarter
Amortization of prepaid shares issued for services	`AmortizationOfPrepaidSharesIssuedForServices`	$12.50K	USD	1 Quarter
Amortization of prepaid shares issued for services	`AmortizationOfPrepaidSharesIssuedForServices`	-	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.12K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$43.12K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$19.65K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.66K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.90K	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$10.66K	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$-3.90K	USD	1 Quarter
Cash, beginning of the period	`Cash`	$228.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.62K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$12.29K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$4.12K	USD	Point-in-time
Cash, end of the period	`Cash`	$228.00	USD	Point-in-time
Cash, end of the period	`Cash`	$1.62K	USD	Point-in-time
Cash, end of the period	`Cash`	$12.29K	USD	Point-in-time
Cash, end of the period	`Cash`	$4.12K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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