10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-012235`
Period End Date	20160630
Filing Date	20160811
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	wsco-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 76 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`	$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
Cash	`Cash`	$1.22K	USD	Point-in-time
Cash	`Cash`	$1.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$857.00	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`	$1.90K	USD	Point-in-time
Total Assets	`Assets`	$857.00	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
Total Assets	`Assets`	$1.90K	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 - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$93.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Note payable - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.90K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.39K	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 issued and outstanding June 30, 2016	`CommonStockValue`	$26.92K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,922,007 issued and outstanding June 30, 2016	`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`	$-1.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-103.24K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-65.54K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.90K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$857.00	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$39.23K	USD	3 Qtrs
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$2.50K	USD	1 Quarter
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$27.70K	USD	3 Qtrs
Website development services & Consulting fees-related parties	`TechnologyServicesRevenue`	$16.20K	USD	1 Quarter
Total Revenues	`Revenues`	$16.20K	USD	1 Quarter
Total Revenues	`Revenues`	$2.50K	USD	1 Quarter
Total Revenues	`Revenues`	$39.23K	USD	3 Qtrs
Total Revenues	`Revenues`	$27.70K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$240.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$1.22K	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$1.17K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$2.20K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	-	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$6.07K	USD	3 Qtrs
Domain names	`LicenseCosts`	$18.00	USD	3 Qtrs
Domain names	`LicenseCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$147.00	USD	1 Quarter
Domain names	`LicenseCosts`	$1.08K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$7.86K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$4.54K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$985.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.52K	USD	1 Quarter
Insurance	`InsuranceExpense`	$325.00	USD	1 Quarter
Insurance	`InsuranceExpense`	$742.00	USD	3 Qtrs
Insurance	`InsuranceExpense`	-	USD	3 Qtrs
Insurance	`InsuranceExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$62.49K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$18.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.70K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$4.09K	USD	1 Quarter
Listing fees	`ListingFees`	-	USD	1 Quarter
Listing fees	`ListingFees`	-	USD	1 Quarter
Listing fees	`ListingFees`	$10.00K	USD	3 Qtrs
Listing fees	`ListingFees`	-	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$2.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$27.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$10.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$954.00	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$2.23K	USD	3 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	3 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$72.93K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$83.19K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$20.95K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$19.20K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-55.49K	USD	3 Qtrs
Loss From Operations	`OperatingIncomeLoss`	$-33.70K	USD	3 Qtrs
Loss From Operations	`OperatingIncomeLoss`	$-18.45K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-3.00K	USD	1 Quarter
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	-	USD	3 Qtrs
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	-	USD	1 Quarter
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	$-20.00K	USD	3 Qtrs
Amortization of non-refundable fee	`AmortizationOfNonrefundableFee`	$-13.33K	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$125.00	USD	3 Qtrs
Interest Income	`InterestIncomeOther`	-	USD	3 Qtrs
Interest Income	`InterestIncomeOther`	-	USD	1 Quarter
Interest Income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$946.00	USD	1 Quarter
Interest expense	`InterestExpense`	$2.34K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-470.00	USD	1 Quarter
Interest expense	`InterestExpense`	$890.00	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-37.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-6.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.47K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	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`	26.92M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.92M	shares	3 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`	26.89M	shares	3 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-6.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.47K	USD	1 Quarter
Amortization deferred income	`AmortizationDeferredIncome`	-	USD	3 Qtrs
Amortization deferred income	`AmortizationDeferredIncome`	$-20.00K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.85K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.52K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.85K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.11K	USD	3 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	$-20.00K	USD	3 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	-	USD	3 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	3 Qtrs
Proceeds from loan payable stockholder	`ProceedsFromRelatedPartyDebt`	$29.89K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.89K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$1.04K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-112.00	USD	3 Qtrs
Cash, beginning of the period	`Cash`	$857.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.22K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.90K	USD	Point-in-time
Cash, end of the period	`Cash`	$857.00	USD	Point-in-time
Cash, end of the period	`Cash`	$1.33K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.22K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.90K	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
Settlement of deferred compensation with issuance of common stock	`SettlementOfDeferredCompensationWithIssuanceOfCommonStock`	-	USD	3 Qtrs

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