10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-004993`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	wsco-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 68 Cash Flow Statement 36

Balance Sheet 50 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$857.00	USD	Point-in-time
Cash	`Cash`	$422.00	USD	Point-in-time
Cash	`Cash`	$1.17K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.17K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$422.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	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
Total Assets	`Assets`	$422.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total Assets	`Assets`	$1.74K	USD	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
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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$2.85K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$959.00	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`	$96.64K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$103.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$96.64K	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 March 31, 2017 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 March 31, 2017 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`	$-1.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.42M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-94.90K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-103.06K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.74K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$422.00	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Contracted services related party	`RevenueFromRelatedParties`	$39.00K	USD	2 Qtrs
Contracted services related party	`RevenueFromRelatedParties`	$17.00K	USD	1 Quarter
Contracted services related party	`RevenueFromRelatedParties`	$25.20K	USD	2 Qtrs
Contracted services related party	`RevenueFromRelatedParties`	$5.00K	USD	1 Quarter
Total Revenues	`Revenues`	$17.00K	USD	1 Quarter
Total Revenues	`Revenues`	$39.00K	USD	2 Qtrs
Total Revenues	`Revenues`	$25.20K	USD	2 Qtrs
Total Revenues	`Revenues`	$5.00K	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	$550.00	USD	2 Qtrs
Internet and hosting services	`ProfessionalAndContractServicesExpense`	$550.00	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	$620.00	USD	2 Qtrs
Programming and development	`TechnologyServicesCosts`	$546.00	USD	2 Qtrs
Programming and development	`TechnologyServicesCosts`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	-	USD	2 Qtrs
Domain names	`LicenseCosts`	$18.00	USD	2 Qtrs
Domain names	`LicenseCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	-	USD	2 Qtrs
Domain names	`LicenseCosts`	-	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$5.25K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$5.53K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$1.81K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$28.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$53.81K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$14.70K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$42.87K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$2.00K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$62.24K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$48.95K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$30.02K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$17.71K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-37.04K	USD	2 Qtrs
Loss From Operations	`OperatingIncomeLoss`	$-25.02K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-706.00	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-9.95K	USD	2 Qtrs
Other income	`OtherIncome`	$6.67K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$6.67K	USD	1 Quarter
Other income	`OtherIncome`	$20.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$125.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$938.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.39K	USD	2 Qtrs
Interest expense	`InterestExpense`	$794.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.90K	USD	2 Qtrs
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-938.00	USD	1 Quarter
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$18.10K	USD	2 Qtrs
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$5.87K	USD	1 Quarter
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$5.40K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-19.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.64K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.64K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.16K	USD	2 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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	2 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	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
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.92M	shares	2 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-19.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.64K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.64K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.16K	USD	2 Qtrs
Amortization of deferred income	`AmortizationOfDeferredIncome`	$-6.67K	USD	2 Qtrs
Amortization of deferred income	`AmortizationOfDeferredIncome`	-	USD	2 Qtrs
Increase in deposit	`IncreaseDecreaseInDeposits`	-	USD	2 Qtrs
Increase in deposit	`IncreaseDecreaseInDeposits`	$-578.00	USD	2 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.90K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.49K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.73K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.82K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$744.00	USD	2 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	-	USD	2 Qtrs
Proceeds from non-refundable fee for Letter of Intent	`ProceedsFromNonrefundableFeeForLetterOfIntent`	$20.00K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Proceeds from notes payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	Point-in-time
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$32.90K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.90K	USD	2 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$744.00	USD	2 Qtrs
Increase 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`	$422.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.17K	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`	$422.00	USD	Point-in-time
Cash, end of the period	`Cash`	$1.17K	USD	Point-in-time
Interest paid in cash	`InterestPaid`	$8.73K	USD	2 Qtrs
Interest paid in cash	`InterestPaid`	-	USD	2 Qtrs

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