10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-000726`
Period End Date	20191231
Filing Date	20200117
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	wsco-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 22 Cash Flow Statement 26

Balance Sheet 49 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$8.38K	USD	Point-in-time
Cash	`Cash`	$1.06K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	$7.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.50K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$14.56K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.38K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	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
Total Assets	`Assets`	$15.14K	USD	Point-in-time
Total Assets	`Assets`	$8.95K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$13.74K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$4.66K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$90.00K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$90.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$94.66K	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; 26,922,006 issued and outstanding at December 31, 2019 and September 30, 2019	`CommonStockValue`	$26.92K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,922,006 issued and outstanding at December 31, 2019 and September 30, 2019	`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`	$-1.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-79.51K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$8.95K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$15.14K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Consulting fees-related party	`RevenueFromRelatedParties`	$28.50K	USD	1 Quarter
Consulting fees-related party	`RevenueFromRelatedParties`	$20.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.50K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$1.91K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$1.70K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.30K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.40K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$13.00K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$12.31K	USD	1 Quarter
Income From Operations	`OperatingIncomeLoss`	$7.00K	USD	1 Quarter
Income From Operations	`OperatingIncomeLoss`	$16.19K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$920.00	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$1.16K	USD	1 Quarter
Total Expense	`OtherNonoperatingIncomeExpense`	$-920.00	USD	1 Quarter
Total Expense	`OtherNonoperatingIncomeExpense`	$-1.16K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.84K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.27K	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income 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 26 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.84K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.27K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.00K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.50K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.50K	USD	1 Quarter
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-9.08K	USD	1 Quarter
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$1.16K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.62K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.12K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.31K	USD	1 Quarter
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.31K	USD	1 Quarter
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.12K	USD	1 Quarter
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.93K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.93K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	1 Quarter
Interest paid in cash	`InterestPaidNet`	-	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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