10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001493152-15-006378`
Period End Date	20150930
Filing Date	20151223
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	wsco-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 36 Cash Flow Statement 30 Stockholders Equity 11

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`	$857.00	USD	Point-in-time
Cash	`Cash`	$1.33K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$857.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33K	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`	$1.33K	USD	Point-in-time
Total Assets	`Assets`	$857.00	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`	$2.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.41K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.90K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$112.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.21K	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 September 30, 2015 and 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 September 30, 2015 and 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`	$-1.39M	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`	$-65.54K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$857.00	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.33K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Website development services	`TechnologyServicesRevenue`	$5.43K	USD	Annual
Website development services	`TechnologyServicesRevenue`	$57.90K	USD	Annual
Related Party revenue	`RevenueFromRelatedParties`	$40.00K	USD	Annual
Related Party revenue	`RevenueFromRelatedParties`	$13.05K	USD	Annual
Total Revenues	`Revenues`	$70.95K	USD	Annual
Total Revenues	`Revenues`	$45.43K	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.43K	USD	Annual
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$3.03K	USD	Annual
Programming & development	`TechnologyServicesCosts`	$8.86K	USD	Annual
Programming & development	`TechnologyServicesCosts`	$24.09K	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$25.00	USD	Annual
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.45K	USD	Annual
Office & administrative	`GeneralAndAdministrativeExpense`	$15.41K	USD	Annual
Office & administrative	`GeneralAndAdministrativeExpense`	$9.90K	USD	Annual
Domain names	`LicenseCosts`	$1.64K	USD	Annual
Domain names	`LicenseCosts`	$1.39K	USD	Annual
Professional fees	`ProfessionalFees`	$36.89K	USD	Annual
Professional fees	`ProfessionalFees`	$24.96K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$96.00K	USD	Annual
Salaries	`SalariesWagesAndOfficersCompensation`	$36.00K	USD	Annual
Rent	`LeaseAndRentalExpense`	-	USD	Annual
Rent	`LeaseAndRentalExpense`	$214.00	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$94.50K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$166.80K	USD	Annual
Loss From Operations	`OperatingIncomeLoss`	$-49.06K	USD	Annual
Loss From Operations	`OperatingIncomeLoss`	$-95.85K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$-1.39K	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	-	USD	Annual
Total Other Expense	`NonoperatingIncomeExpense`	$1.39K	USD	Annual
Net loss	`NetIncomeLoss`	$-95.85K	USD	Annual
Net loss	`NetIncomeLoss`	$-50.46K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.90M	shares	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	Annual

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-95.85K	USD	Annual
Net loss	`NetIncomeLoss`	$-50.46K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	-	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$88.80K	USD	Annual
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.96K	USD	Annual
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-13.92K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.38K	USD	Annual
Proceeds from issuance of notes payable-related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from issuance of notes payable-related parties	`ProceedsFromRelatedPartyDebt`	$63.90K	USD	Annual
Proceeds from loan payable stockholders	`ProceedsFromLoanOriginations1`	-	USD	Annual
Proceeds from loan payable stockholders	`ProceedsFromLoanOriginations1`	$18.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.90K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.50K	USD	Annual
Decrease in cash during the year	`CashPeriodIncreaseDecrease`	$-501.00	USD	Annual
Decrease in cash during the year	`CashPeriodIncreaseDecrease`	$-475.00	USD	Annual
Cash, beginning of year	`Cash`	$1.83K	USD	Point-in-time
Cash, beginning of year	`Cash`	$857.00	USD	Point-in-time
Cash, beginning of year	`Cash`	$1.33K	USD	Point-in-time
Cash, end of year	`Cash`	$1.83K	USD	Point-in-time
Cash, end of year	`Cash`	$857.00	USD	Point-in-time
Cash, end of year	`Cash`	$1.33K	USD	Point-in-time
Interest paid in cash	`InterestPaid`	-	USD	Annual
Interest paid in cash	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	-	USD	Annual
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	$112.80K	USD	Annual
Forgiveness of amount due to stockholders	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Forgiveness of amount due to stockholders	`DebtInstrumentDecreaseForgiveness`	$38.50K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-127.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$-65.54K	USD	Point-in-time
Balance	`StockholdersEquity`	$-70.53K	USD	Point-in-time
Common stock issued in settlement of deferred salaries	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$112.80K	USD	Annual
Forgiveness of amounts due to stockholders	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Forgiveness of amounts due to stockholders	`DebtInstrumentDecreaseForgiveness`	$38.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-95.85K	USD	Annual
Net loss	`NetIncomeLoss`	$-50.46K	USD	Annual
Balance	`StockholdersEquity`	$-127.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$-65.54K	USD	Point-in-time
Balance	`StockholdersEquity`	$-70.53K	USD	Point-in-time

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