10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-001461`
Period End Date	20161231
Filing Date	20170214
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	wsco-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 36 Cash Flow Statement 16

Balance Sheet 48 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`	$422.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$21.54K	USD	Point-in-time
Cash	`Cash`	$1.51K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$422.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.54K	USD	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`	$422.00	USD	Point-in-time
Total Assets	`Assets`	$21.54K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.09K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.73K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$959.00	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.92K	USD	Point-in-time
Notes payable-related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$93.79K	USD	Point-in-time
Notes payable-related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$93.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$114.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$114.80K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.48K	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 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 December 31, 2016 and September 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 at December 31, 2016 and September 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`	$-1.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.43M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-103.06K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-93.26K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$21.54K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$422.00	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Related party revenue	`RevenueFromRelatedParties`	$20.20K	USD	1 Quarter
Related party revenue	`RevenueFromRelatedParties`	$22.00K	USD	1 Quarter
Website development services (Includes related party revenue of $22,000 and $20,200, respectively)	`TechnologyServicesRevenue`	$20.20K	USD	1 Quarter
Website development services (Includes related party revenue of $22,000 and $20,200, respectively)	`TechnologyServicesRevenue`	$22.00K	USD	1 Quarter
Total Revenues	`Revenues`	$20.20K	USD	1 Quarter
Total Revenues	`Revenues`	$22.00K	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	$619.00	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	$546.00	USD	1 Quarter
Domain names	`LicenseCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$19.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$3.77K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$3.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.60K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$27.47K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$2.00K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$31.24K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$32.29K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-12.09K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-9.24K	USD	1 Quarter
Other Income	`OtherIncome`	$20.00K	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$191.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$600.00	USD	1 Quarter
Interest expense	`InterestExpense`	$959.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$19.04K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-409.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.50K	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income (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	1 Quarter

Cash Flow Statement 16 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$9.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.50K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.32K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.15K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.12K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$649.00	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$21.12K	USD	1 Quarter
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$649.00	USD	1 Quarter
Cash, beginning of the period	`Cash`	$857.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$422.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$21.54K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.51K	USD	Point-in-time
Cash, end of the period	`Cash`	$857.00	USD	Point-in-time
Cash, end of the period	`Cash`	$422.00	USD	Point-in-time
Cash, end of the period	`Cash`	$21.54K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.51K	USD	Point-in-time

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