10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-014450`
Period End Date	20200630
Filing Date	20200803
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	wsco-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 32

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`	$4.58K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$8.38K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	$7.00K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.50K	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
Total current assets	`AssetsCurrent`	$8.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.08K	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
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 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
Total Assets	`Assets`	$18.66K	USD	Point-in-time
Total Assets	`Assets`	$8.95K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$6.51K	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`	$103.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.01K	USD	Point-in-time
Total Liabilities	`Liabilities`	$98.01K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.74K	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; 26,922,006 issued and outstanding at June 30, 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 June 30, 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`	$-1.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-79.35K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$18.66K	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`	$19.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$52.00K	USD	3 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$20.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$64.50K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$64.50K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$52.00K	USD	3 Qtrs
Internet and hosting services	`InternetAndHostingServices`	-	USD	1 Quarter
Internet and hosting services	`InternetAndHostingServices`	$625.00	USD	3 Qtrs
Internet and hosting services	`InternetAndHostingServices`	$620.00	USD	3 Qtrs
Internet and hosting services	`InternetAndHostingServices`	-	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$5.38K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$4.41K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$864.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$848.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.30K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$10.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.16K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$9.06K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$11.34K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$46.30K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$44.18K	USD	3 Qtrs
Net Profit From Operations	`OperatingIncomeLoss`	$18.20K	USD	3 Qtrs
Net Profit From Operations	`OperatingIncomeLoss`	$7.66K	USD	1 Quarter
Net Profit From Operations	`OperatingIncomeLoss`	$7.82K	USD	3 Qtrs
Net Profit From Operations	`OperatingIncomeLoss`	$10.94K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$2.77K	USD	3 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$1.15K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$925.00	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$3.44K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.15K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.77K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.44K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.38K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.43K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.74K	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.80K	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
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	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

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.38K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.43K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.74K	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.80K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.50K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.50K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.33K	USD	3 Qtrs
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-7.23K	USD	3 Qtrs
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$3.44K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.99K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.30K	USD	3 Qtrs
Proceeds from notes payable - related party	`ProceedsFromNotesPayable`	$1.50K	USD	3 Qtrs
Proceeds from notes payable - related party	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.99K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.80K	USD	3 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.80K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.58K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.80K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.58K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid in cash	`InterestPaidNet`	-	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.