10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-003342`
Period End Date	20150630
Filing Date	20150804
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	wsco-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 33

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Cash	`Cash`	$1.22K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$2.35K	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`	$1.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$1.22K	USD	Point-in-time
Total Assets	`Assets`	$1.33K	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
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$890.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	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
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$50.00K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$112.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.89K	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 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 June 30, 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 June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$26.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.37M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-127.88K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-49.67K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.22K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.33K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Website development services	`TechnologyServicesRevenue`	$38.23K	USD	3 Qtrs
Website development services	`TechnologyServicesRevenue`	$40.80K	USD	3 Qtrs
Website development services	`TechnologyServicesRevenue`	$15.20K	USD	1 Quarter
Website development services	`TechnologyServicesRevenue`	$9.00K	USD	1 Quarter
Website development services - related parties	`RevenueFromRelatedParties`	$1.00K	USD	1 Quarter
Website development services - related parties	`RevenueFromRelatedParties`	$650.00	USD	1 Quarter
Website development services - related parties	`RevenueFromRelatedParties`	$1.00K	USD	3 Qtrs
Website development services - related parties	`RevenueFromRelatedParties`	$13.05K	USD	3 Qtrs
Total Revenues	`Revenues`	$53.85K	USD	3 Qtrs
Total Revenues	`Revenues`	$16.20K	USD	1 Quarter
Total Revenues	`Revenues`	$39.23K	USD	3 Qtrs
Total Revenues	`Revenues`	$9.65K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.47K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$274.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$240.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.22K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$2.20K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$6.60K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$22.28K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$6.07K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$312.00	USD	1 Quarter
Domain names	`LicenseCosts`	$1.30K	USD	3 Qtrs
Domain names	`LicenseCosts`	$1.08K	USD	3 Qtrs
Domain names	`LicenseCosts`	$147.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$7.86K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$3.79K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$12.33K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.52K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.70K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$15.76K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$4.09K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.10K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$72.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$27.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$10.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$214.00	USD	3 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	3 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$19.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$72.93K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$126.80K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$39.08K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-72.95K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-33.70K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-3.00K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-29.43K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$890.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$470.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-29.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.95K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 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	3 Qtrs
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`	26.92M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.89M	shares	3 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-29.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.95K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$64.80K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	-	USD	3 Qtrs
(Decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-10.83K	USD	3 Qtrs
(Decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.52K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.11K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.98K	USD	3 Qtrs
Proceeds from issuance of notes payable-related parties	`ProceedsFromIssuanceOfNotesPayableRelatedParties`	-	USD	3 Qtrs
Proceeds from issuance of notes payable-related parties	`ProceedsFromIssuanceOfNotesPayableRelatedParties`	$50.00K	USD	3 Qtrs
Proceeds from loan payable related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from loan payable related parties	`ProceedsFromRelatedPartyDebt`	$8.00K	USD	3 Qtrs
Proceeds from loan payable stockholders	`ProceedsFromLoanOriginations1`	-	USD	3 Qtrs
Proceeds from loan payable stockholders	`ProceedsFromLoanOriginations1`	$11.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$515.00	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-112.00	USD	3 Qtrs
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`	$1.22K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$2.35K	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`	$1.22K	USD	Point-in-time
Cash, end of the period	`Cash`	$2.35K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	$112.80K	USD	3 Qtrs

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