10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-008839`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	wsco-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 68 Cash Flow Statement 41

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`	$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`	$976.00	USD	Point-in-time
Cash	`Cash`	$857.00	USD	Point-in-time
Cash	`Cash`	$1.90K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$976.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$422.00	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
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	-	USD	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`	$1.55K	USD	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
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`	$3.81K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$959.00	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$99.79K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$93.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.60K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.60K	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 June 30, 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 June 30, 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`	$-1.43M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-103.06K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-102.04K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.55K	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`	$48.00K	USD	3 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$9.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$2.50K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$27.70K	USD	3 Qtrs
Total Revenues	`Revenues`	$9.00K	USD	1 Quarter
Total Revenues	`Revenues`	$27.70K	USD	3 Qtrs
Total Revenues	`Revenues`	$48.00K	USD	3 Qtrs
Total Revenues	`Revenues`	$2.50K	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	$550.00	USD	3 Qtrs
Internet and hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Internet and hosting services	`ProfessionalAndContractServicesExpense`	-	USD	3 Qtrs
Internet and hosting services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	-	USD	3 Qtrs
Programming and development	`TechnologyServicesCosts`	$1.17K	USD	3 Qtrs
Programming and development	`TechnologyServicesCosts`	-	USD	1 Quarter
Programming and development	`TechnologyServicesCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	-	USD	1 Quarter
Domain names	`LicenseCosts`	$18.00	USD	3 Qtrs
Domain names	`LicenseCosts`	-	USD	3 Qtrs
Domain names	`LicenseCosts`	-	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.26K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$7.59K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.07K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$7.51K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$13.12K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$55.99K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$72.49K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$2.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	-	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$64.14K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$15.19K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$83.19K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$20.95K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-55.49K	USD	3 Qtrs
Loss From Operations	`OperatingIncomeLoss`	$-18.45K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-6.19K	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-16.14K	USD	3 Qtrs
Other income	`OtherIncome`	$20.00K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$20.00K	USD	3 Qtrs
Other income	`OtherIncome`	$13.33K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$125.00	USD	3 Qtrs
Interest income	`InterestIncomeOther`	-	USD	3 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$946.00	USD	1 Quarter
Interest expense	`InterestExpense`	$2.85K	USD	3 Qtrs
Interest expense	`InterestExpense`	$951.00	USD	1 Quarter
Interest expense	`InterestExpense`	$2.34K	USD	3 Qtrs
Total Other (Expense) Income, net	`NonoperatingIncomeExpense`	$12.39K	USD	1 Quarter
Total Other (Expense) Income, net	`NonoperatingIncomeExpense`	$18.10K	USD	3 Qtrs
Total Other (Expense) Income, net	`NonoperatingIncomeExpense`	$17.79K	USD	3 Qtrs
Total Other (Expense) Income, net	`NonoperatingIncomeExpense`	$-951.00	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-6.06K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.14K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.01K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-37.70K	USD	3 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	3 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	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`	26.92M	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	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-6.06K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.01K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-37.70K	USD	3 Qtrs
Amortization of deferred income	`AmortizationOfDeferredIncome`	-	USD	3 Qtrs
Amortization of deferred income	`AmortizationOfDeferredIncome`	$-20.00K	USD	3 Qtrs
Increase in deposit	`IncreaseDecreaseInDeposits`	-	USD	3 Qtrs
Increase in deposit	`IncreaseDecreaseInDeposits`	$-578.00	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.85K	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`	$-8.73K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.85K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.85K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.45K	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 notes payable	`ProceedsFromNotesPayable`	$6.00K	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`	$6.00K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	Point-in-time
Proceeds from notes payable	`ProceedsFromNotesPayable`	$29.89K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$20.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.89K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$554.00	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$1.04K	USD	3 Qtrs
Cash, beginning of the period	`Cash`	$422.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$976.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$857.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.90K	USD	Point-in-time
Cash, end of the period	`Cash`	$422.00	USD	Point-in-time
Cash, end of the period	`Cash`	$976.00	USD	Point-in-time
Cash, end of the period	`Cash`	$857.00	USD	Point-in-time
Cash, end of the period	`Cash`	$1.90K	USD	Point-in-time
Interest paid in cash	`InterestPaid`	$8.73K	USD	3 Qtrs
Interest paid in cash	`InterestPaid`	-	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

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