10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-001680`
Period End Date	20150331
Filing Date	20150501
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	wsco-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 68 Cash Flow Statement 37

Balance Sheet 45 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$751.00	USD	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Cash	`Cash`	$3.28K	USD	Point-in-time
Cash	`Cash`	$1.33K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.33K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$751.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$751.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Note payable	`NotesPayableCurrent`	$40.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.88K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$112.80K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.21K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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; 26,922,007 and 26,822,007 issued and outstanding at March 31, 2015 and September 30, 2014, respectively	`CommonStockValue`	$26.92K	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 March 31, 2015 and September 30, 2014, respectively	`CommonStockValue`	$26.82K	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`	$-1.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-46.13K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-127.88K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.33K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$751.00	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Website development services	`TechnologyServicesRevenue`	$23.03K	USD	2 Qtrs
Website development services	`TechnologyServicesRevenue`	$9.80K	USD	1 Quarter
Website development services	`TechnologyServicesRevenue`	$15.45K	USD	1 Quarter
Website development services	`TechnologyServicesRevenue`	$31.80K	USD	2 Qtrs
Website development services - related parties	`RevenueFromRelatedParties`	$12.40K	USD	2 Qtrs
Website development services - related parties	`RevenueFromRelatedParties`	$9.05K	USD	1 Quarter
Website development services - related parties	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Website development services - related parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Total Revenues	`Revenues`	$15.45K	USD	1 Quarter
Total Revenues	`Revenues`	$18.85K	USD	1 Quarter
Total Revenues	`Revenues`	$23.03K	USD	2 Qtrs
Total Revenues	`Revenues`	$44.20K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.20K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$340.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$628.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$983.00	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$2.15K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$3.87K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$15.67K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$6.94K	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$935.00	USD	2 Qtrs
Domain names	`LicenseCosts`	$783.00	USD	1 Quarter
Domain names	`LicenseCosts`	$630.00	USD	1 Quarter
Domain names	`LicenseCosts`	$989.00	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$5.34K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.81K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$4.62K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$7.92K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.28K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$25.54K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$17.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$17.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$48.00K	USD	2 Qtrs
Rent	`RentalExpensesPaid`	-	USD	1 Quarter
Rent	`RentalExpensesPaid`	$214.00	USD	2 Qtrs
Rent	`RentalExpensesPaid`	-	USD	2 Qtrs
Rent	`RentalExpensesPaid`	$214.00	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$40.37K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$53.66K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$87.72K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$43.20K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-24.92K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-24.36K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-30.63K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-43.52K	USD	2 Qtrs
Interest expense	`InterestExpense`	$420.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$350.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-31.05K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-25.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-24.36K	USD	1 Quarter
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
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.92M	shares	1 Quarter
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`	26.92M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-31.05K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-25.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-24.36K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	-	USD	2 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$42.00K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.53K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.53K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.05K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.58K	USD	2 Qtrs
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$40.00K	USD	2 Qtrs
Proceeds from loan payable related parties	`ProceedsFromRelatedPartyDebt`	$8.00K	USD	2 Qtrs
Proceeds from loan payable related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromLoanOriginations1`	$6.50K	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromLoanOriginations1`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$1.45K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-581.00	USD	2 Qtrs
Cash, beginning of the period	`Cash`	$751.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$3.28K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, end of the period	`Cash`	$751.00	USD	Point-in-time
Cash, end of the period	`Cash`	$1.83K	USD	Point-in-time
Cash, end of the period	`Cash`	$3.28K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.33K	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
Purchase of domain name for issuance of note payable - related party into common stock	`PurchaseOfDomainNameForIssuanceOfNotePayableNonCash`	$10.00K	USD	2 Qtrs
Purchase of domain name for issuance of note payable - related party into common stock	`PurchaseOfDomainNameForIssuanceOfNotePayableNonCash`	-	USD	2 Qtrs
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	$112.80K	USD	2 Qtrs

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