10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-000323`
Period End Date	20141231
Filing Date	20150130
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	wsco-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 27

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`	$1.33K	USD	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Cash	`Cash`	$3.96K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$8.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.10K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Total Assets	`Assets`	$8.10K	USD	Point-in-time
Total Assets	`Assets`	$1.33K	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
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Note payable	`NotesPayableCurrent`	$20.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.96K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.41K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$112.80K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.96K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,922,007 and 26,822,007 issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,922,007 and 26,822,007 issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$26.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-127.88K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-20.87K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.33K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$8.10K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Related party revenue	`RevenueFromRelatedParties`	-	USD	1 Quarter
Related party revenue	`RevenueFromRelatedParties`	$3.35K	USD	1 Quarter
Website development services (Includes related party revenue of $0 and $3,350, respectively)	`TechnologyServicesRevenue`	$7.58K	USD	1 Quarter
Website development services (Includes related party revenue of $0 and $3,350, respectively)	`TechnologyServicesRevenue`	$25.35K	USD	1 Quarter
Total Revenues	`Revenues`	$7.58K	USD	1 Quarter
Total Revenues	`Revenues`	$25.35K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$570.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$643.00	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$1.72K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$8.74K	USD	1 Quarter
Domain names	`LicenseCosts`	$305.00	USD	1 Quarter
Domain names	`LicenseCosts`	$206.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$3.30K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.71K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$44.52K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$13.29K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-5.71K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-19.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$70.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-70.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.79K	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`	26.87M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.17K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.45K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.30K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.24K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.13K	USD	1 Quarter
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$20.00K	USD	1 Quarter
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$2.13K	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$6.76K	USD	1 Quarter
Cash, beginning of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$3.96K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$8.10K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, end of the period	`Cash`	$3.96K	USD	Point-in-time
Cash, end of the period	`Cash`	$8.10K	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
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	$112.80K	USD	1 Quarter
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	-	USD	1 Quarter

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