10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-001562`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	wsco-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 39

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Cash	`Cash`	$66.00	USD	Point-in-time
Cash	`Cash`	$3.28K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$4.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.83K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.28K	USD	Point-in-time
Domain name, net	`DomainNameNetNonCurrent`	$5.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Domain name, net	`DomainNameNetNonCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total Assets	`Assets`	$8.28K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total Assets	`Assets`	$1.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	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
Accrued expenses	`AccruedLiabilitiesCurrent`	$36.84K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.37K	USD	Point-in-time
Loan payable - stockholder	`LoanPayableStockholderCurrent`	$6.50K	USD	Point-in-time
Loans payable - related parties	`LoansPayableRelatedPartiesCurrent`	$18.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$66.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$24.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.37K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.34K	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,822,007 issued and outstanding	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,822,007 issued and outstanding	`CommonStockValue`	$26.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.29M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.24M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-119.06K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.83K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$8.28K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Website development services	`TechnologyServicesRevenue`	-	USD	1 Quarter
Website development services	`TechnologyServicesRevenue`	-	USD	2 Qtrs
Website development services	`TechnologyServicesRevenue`	$9.80K	USD	1 Quarter
Website development services	`TechnologyServicesRevenue`	$31.80K	USD	2 Qtrs
Website development services - related parties	`WebsiteDevelopmentServicesRelatedParties`	$11.10K	USD	1 Quarter
Website development services - related parties	`WebsiteDevelopmentServicesRelatedParties`	$12.40K	USD	2 Qtrs
Website development services - related parties	`WebsiteDevelopmentServicesRelatedParties`	$9.05K	USD	1 Quarter
Website development services - related parties	`WebsiteDevelopmentServicesRelatedParties`	$25.55K	USD	2 Qtrs
Total Revenues	`Revenues`	$11.10K	USD	1 Quarter
Total Revenues	`Revenues`	$18.85K	USD	1 Quarter
Total Revenues	`Revenues`	$25.55K	USD	2 Qtrs
Total Revenues	`Revenues`	$44.20K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.20K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$120.00	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$120.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$628.00	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$8.69K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$15.67K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$6.94K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$18.33K	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$204.00	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$164.00	USD	1 Quarter
Domain names	`LicenseCosts`	$131.00	USD	1 Quarter
Domain names	`LicenseCosts`	$477.00	USD	2 Qtrs
Domain names	`LicenseCosts`	$783.00	USD	1 Quarter
Domain names	`LicenseCosts`	$989.00	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$4.62K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$4.76K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$7.92K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$7.45K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.17K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$12.28K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$48.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$4.70K	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$2.45K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$214.00	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$214.00	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$43.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$87.72K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$72.45K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$47.72K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-43.52K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.90K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-24.36K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-36.62K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$6.69K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$535.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.58K	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.51M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.96M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-43.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.58K	USD	2 Qtrs
Deferred compensation	`DeferredCompensationArrangementWithIndividualCompensationExpense`	-	USD	2 Qtrs
Deferred compensation	`DeferredCompensationArrangementWithIndividualCompensationExpense`	$42.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.83K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.53K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.05K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.75K	USD	2 Qtrs
Proceeds from loan payable related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	-	USD	2 Qtrs
Proceeds from loan payable related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$8.00K	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromLoanPayableStockholder`	$6.50K	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromLoanPayableStockholder`	-	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromLoanPayableStockholder`	$6.50K	USD	1 Quarter
Bank overdraft liability	`ProceedsFromRepaymentsOfBankOverdrafts`	$360.00	USD	2 Qtrs
Bank overdraft liability	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$27.34K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.70K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.50K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.45K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.06K	USD	2 Qtrs
Cash, beginning of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$66.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$3.28K	USD	Point-in-time
Cash, beginning 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`	$66.00	USD	Point-in-time
Cash, end of the period	`Cash`	$3.28K	USD	Point-in-time
Cash, end of the period	`Cash`	$4.12K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	$519.84K	USD	2 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Purchase of domain name for issuance of note payable - related party	`PurchaseOfDomainNameForIssuanceOfNotePayableRelatedParty`	$10.00K	USD	2 Qtrs
Purchase of domain name for issuance of note payable - related party	`PurchaseOfDomainNameForIssuanceOfNotePayableRelatedParty`	-	USD	2 Qtrs

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