10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-000404`
Period End Date	20131231
Filing Date	20140210
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	wsco-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 34 Cash Flow Statement 20

Balance Sheet 32 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`	$4.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Cash	`Cash`	$228.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Cash	`Cash`	$3.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.96K	USD	Point-in-time
Total Assets	`Assets`	$1.83K	USD	Point-in-time
Total Assets	`Assets`	$3.96K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$45.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.37K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$24.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$48.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.37K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,822,007 issued and outstanding at December 31, 2013 and September 30, 2013	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,822,007 issued and outstanding at December 31, 2013 and September 30, 2013	`CommonStockValue`	$26.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-89.70K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.96K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.83K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Realated party revenue	`RevenueFromRelatedParties`	$14.45K	USD	1 Quarter
Realated party revenue	`RevenueFromRelatedParties`	$3.35K	USD	1 Quarter
Website development services (Includes related party revenue of $3,350 and $14,450, respectively)	`TechnologyServicesRevenue`	$25.35K	USD	1 Quarter
Website development services (Includes related party revenue of $3,350 and $14,450, respectively)	`TechnologyServicesRevenue`	$14.45K	USD	1 Quarter
Total Revenues	`Revenues`	$25.35K	USD	1 Quarter
Total Revenues	`Revenues`	$14.45K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$570.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$9.64K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$8.74K	USD	1 Quarter
Domain names	`LicenseCosts`	$346.00	USD	1 Quarter
Domain names	`LicenseCosts`	$206.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$3.30K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.72K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.71K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Rent - related party	`OperatingLeasesRentExpenseNet`	-	USD	1 Quarter
Rent - related party	`OperatingLeasesRentExpenseNet`	$2.25K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$24.72K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$44.52K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-10.27K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-19.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.15K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-6.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.17K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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`	26.82M	shares	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.17K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$12.53K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.30K	USD	1 Quarter
Net cash provided by (used in)operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.13K	USD	1 Quarter
Net cash provided by (used in)operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.90K	USD	1 Quarter
Increase (decrease) in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.90K	USD	1 Quarter
Increase (decrease) in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.13K	USD	1 Quarter
Cash, beginning of the period	`Cash`	$4.12K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$228.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$3.96K	USD	Point-in-time
Cash, end of the period	`Cash`	$4.12K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, end of the period	`Cash`	$228.00	USD	Point-in-time
Cash, end of the period	`Cash`	$3.96K	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	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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