10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-009826`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	wsco-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 75 Cash Flow Statement 32

Balance Sheet 44 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`	$16.94K	USD	Point-in-time
Cash	`Cash`	$857.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$751.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$1.33K	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`	$857.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.94K	USD	Point-in-time
Total Assets	`Assets`	$857.00	USD	Point-in-time
Total Assets	`Assets`	$16.94K	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
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`	26.92M	shares	Point-in-time
Note payable	`NotesPayableCurrent`	$63.90K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$93.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Deferred Income	`DeferredRevenueCurrent`	$13.33K	USD	Point-in-time
Deferred Income	`DeferredRevenueCurrent`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$114.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.39K	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 issued and outstanding at March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,922,007 issued and outstanding at March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$26.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-97.18K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-65.54K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$16.94K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$857.00	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$25.20K	USD	2 Qtrs
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$15.54K	USD	1 Quarter
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$23.03K	USD	2 Qtrs
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$5.00K	USD	1 Quarter
Total Revenues	`Revenues`	$15.54K	USD	1 Quarter
Total Revenues	`Revenues`	$25.20K	USD	2 Qtrs
Total Revenues	`Revenues`	$23.03K	USD	2 Qtrs
Total Revenues	`Revenues`	$5.00K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$340.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$983.00	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$620.00	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$546.00	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$2.15K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$3.87K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$630.00	USD	1 Quarter
Domain names	`LicenseCosts`	$18.00	USD	2 Qtrs
Domain names	`LicenseCosts`	$935.00	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$3.56K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.81K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$436.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$5.34K	USD	2 Qtrs
Insurance	`InsuranceExpense`	-	USD	2 Qtrs
Insurance	`InsuranceExpense`	-	USD	1 Quarter
Insurance	`InsuranceExpense`	$416.00	USD	1 Quarter
Insurance	`InsuranceExpense`	$416.00	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$43.81K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$18.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.54K	USD	2 Qtrs
Listing fees	`ListingFees`	-	USD	2 Qtrs
Listing fees	`ListingFees`	-	USD	1 Quarter
Listing fees	`ListingFees`	$10.00K	USD	2 Qtrs
Listing fees	`ListingFees`	$10.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$17.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$2.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$17.00K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$1.27K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$954.00	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$62.24K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$43.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$53.66K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$30.02K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-30.63K	USD	2 Qtrs
Loss From Operations	`OperatingIncomeLoss`	$-25.02K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-24.92K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-37.04K	USD	2 Qtrs
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	-	USD	2 Qtrs
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	$6.67K	USD	2 Qtrs
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	-	USD	1 Quarter
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	$6.67K	USD	1 Quarter
Interest Income	`InterestIncomeOther`	-	USD	1 Quarter
Interest Income	`InterestIncomeOther`	-	USD	2 Qtrs
Interest Income	`InterestIncomeOther`	-	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$125.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-794.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.39K	USD	2 Qtrs
Interest expense	`InterestExpense`	$350.00	USD	1 Quarter
Interest expense	`InterestExpense`	$420.00	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-25.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.05K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-31.64K	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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
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`	26.92M	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`	26.92M	shares	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-25.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.05K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-31.64K	USD	2 Qtrs
Amortization deferred Income	`AmortizationDeferredIncome`	-	USD	2 Qtrs
Amortization deferred Income	`AmortizationDeferredIncome`	$-6.67K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.53K	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.49K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.58K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.82K	USD	2 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	$-20.00K	USD	2 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	-	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	2 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromRelatedPartyDebt`	$32.90K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.90K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-581.00	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$16.08K	USD	2 Qtrs
Cash, beginning of the period	`Cash`	$16.94K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$857.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$751.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, end of the period	`Cash`	$16.94K	USD	Point-in-time
Cash, end of the period	`Cash`	$857.00	USD	Point-in-time
Cash, end of the period	`Cash`	$751.00	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
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	-	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.