10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-007269`
Period End Date	20200331
Filing Date	20200428
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	wsco-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 48 Cash Flow Statement 30

Balance Sheet 47 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`	$3.42K	USD	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
Accounts receivable-related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	$7.00K	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`	$10.42K	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 current assets	`AssetsCurrent`	$8.38K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	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
Total Assets	`Assets`	$8.95K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$10.99K	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
Accrued interest payable - related party	`InterestPayableCurrent`	$5.58K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$13.74K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$90.00K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$91.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$97.08K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.74K	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 March 31, 2020 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 March 31, 2020 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`	$-1.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-86.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$10.99K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$8.95K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Contracted services-related party	`RevenueFromRelatedParties`	$12.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$17.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$32.00K	USD	2 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$45.50K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.00K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.50K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.00K	USD	1 Quarter
Internet and hosting services	`InternetAndHostingServices`	$625.00	USD	1 Quarter
Internet and hosting services	`InternetAndHostingServices`	$620.00	USD	1 Quarter
Internet and hosting services	`InternetAndHostingServices`	$620.00	USD	2 Qtrs
Internet and hosting services	`InternetAndHostingServices`	$625.00	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$3.56K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$4.51K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.61K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$1.85K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.41K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.95K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$19.65K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.82K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$22.12K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$35.12K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$22.65K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$34.96K	USD	2 Qtrs
Profit (Loss) From Operations	`OperatingIncomeLoss`	$-5.65K	USD	1 Quarter
Profit (Loss) From Operations	`OperatingIncomeLoss`	$-10.12K	USD	1 Quarter
Profit (Loss) From Operations	`OperatingIncomeLoss`	$10.54K	USD	2 Qtrs
Profit (Loss) From Operations	`OperatingIncomeLoss`	$-3.12K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$1.13K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$925.00	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$2.29K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$1.84K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.84K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.13K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.29K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.41K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.70K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-6.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.26K	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
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	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

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-5.41K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.70K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-6.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.26K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.50K	USD	2 Qtrs
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$2.29K	USD	2 Qtrs
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-8.15K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-727.00	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.46K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.35K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Decrease in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.35K	USD	2 Qtrs
Decrease in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.96K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.46K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.42K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.46K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.42K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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