10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001493152-14-000106`
Period End Date	20130930
Filing Date	20140113
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	wsco-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 41 Cash Flow Statement 36 Stockholders Equity 17

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, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Cash	`Cash`	$1.62K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Cash	`Cash`	$4.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.83K	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`	$1.83K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.21K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.37K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$88.39K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$24.00K	USD	Point-in-time
Accrued salary - promissory notes	`NotesPayableCurrent`	$223.75K	USD	Point-in-time
Accrued salary - promissory notes	`NotesPayableCurrent`	-	USD	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	$203.44K	USD	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.37K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$527.80K	USD	Point-in-time
Commitments and Contingencies (see Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (see Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized, 26,822,007 and 1,386,280 issued and outstanding at September 30, 2013 and 2012, respectively	`CommonStockValue`	$1.39K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized, 26,822,007 and 1,386,280 issued and outstanding at September 30, 2013 and 2012, respectively	`CommonStockValue`	$26.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$601.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.24M	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 stockholders' deficit	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$4.12K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.83K	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Realated party income	`RevenueFromRelatedParties`	$73.72K	USD	Annual
Realated party income	`RevenueFromRelatedParties`	$44.40K	USD	Annual
Revenues (Includes related party revenue of $44,400 and $73,719, respectively)	`Revenues`	$60.50K	USD	Annual
Revenues (Includes related party revenue of $44,400 and $73,719, respectively)	`Revenues`	$73.92K	USD	Annual
Related party, programming and development	`RelatedPartyTransactionProgrammingAndDevelopment`	$11.50K	USD	Annual
Related party, programming and development	`RelatedPartyTransactionProgrammingAndDevelopment`	-	USD	Annual
Related party, rent	`RelatedPartyTransactionRent`	$7.10K	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$390.00	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$341.00	USD	Annual
Related party, rent	`RelatedPartyTransactionRent`	$1.50K	USD	Annual
Programming & development (includes related perty amount of $0 and $11,500, respectively)	`TechnologyServicesCosts`	$26.32K	USD	Annual
Programming & development (includes related perty amount of $0 and $11,500, respectively)	`TechnologyServicesCosts`	$45.58K	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$454.00	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.62K	USD	Annual
Domain names	`LicenseCosts`	$1.11K	USD	Annual
Domain names	`LicenseCosts`	$5.52K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$3.96K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$7.81K	USD	Annual
Travel & entertainment	`TravelAndEntertainmentExpense`	$9.05K	USD	Annual
Travel & entertainment	`TravelAndEntertainmentExpense`	$6.11K	USD	Annual
Professional fees	`ProfessionalFees`	$72.97K	USD	Annual
Professional fees	`ProfessionalFees`	$49.06K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$73.00K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$120.00K	USD	Annual
Rent - (includes related party amount of $7,100 and $1,500, respectively)	`OperatingLeasesRentExpenseNet`	$6.00K	USD	Annual
Rent - (includes related party amount of $7,100 and $1,500, respectively)	`OperatingLeasesRentExpenseNet`	$7.10K	USD	Annual
Rent - (includes related party amount of $7,100 and $1,500, respectively)	`OperatingLeasesRentExpenseNet`	$8.25K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$267.28K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$171.35K	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-193.36K	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-110.85K	USD	Annual
Interest expense	`InterestExpense`	$24.48K	USD	Annual
Interest expense	`InterestExpense`	$6.69K	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	$-24.48K	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	$-6.69K	USD	Annual
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-117.54K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.68M	shares	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.37M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-117.54K	USD	Annual
Amortization of prepaid shares issued for services	`AmortizationOfFinancingCosts`	$37.50K	USD	Annual
Amortization of prepaid shares issued for services	`AmortizationOfFinancingCosts`	-	USD	Annual
Contributed capital	`ContributedCapitalCost`	$55.09K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	Annual
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$119.00K	USD	Annual
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	-	USD	Annual
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$36.16K	USD	Annual
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$9.21K	USD	Annual
Increase (decrease) in accrued expenses - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$24.00K	USD	Annual
Increase (decrease) in accrued expenses - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$27.98K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.29K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Increase (decrease) in cash during the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.50K	USD	Annual
Increase (decrease) in cash during the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.29K	USD	Annual
Cash, beginning of year	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of year	`Cash`	$1.62K	USD	Point-in-time
Cash, beginning of year	`Cash`	$4.12K	USD	Point-in-time
Cash, end of year	`Cash`	$1.83K	USD	Point-in-time
Cash, end of year	`Cash`	$1.62K	USD	Point-in-time
Cash, end of year	`Cash`	$4.12K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Conversion of accrued expenses, rent, salary, interest and convertible debt into common stock	`ConversionOfStockAmountConverted1`	$519.84K	USD	Annual
Conversion of accrued expenses, rent, salary, interest and convertible debt into common stock	`ConversionOfStockAmountConverted1`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-323.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$10.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$7.50K	USD	Annual
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	15,000.00	shares	Point-in-time
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
Contributed capital	`ProceedsFromContributedCapital`	$23.53K	USD	Annual
Common stock issued for conversion of debt	`DebtConversionConvertedInstrumentAmount1`	$547.15K	USD	Annual
Net loss	`NetIncomeLoss`	$-217.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-117.54K	USD	Annual
Balance	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-323.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$-70.53K	USD	Point-in-time

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