10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-021005`
Period End Date	20200930
Filing Date	20201112
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	wsco-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 26 Cash Flow Statement 28 Stockholders Equity 8

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
Cash	`Cash`	$8.38K	USD	Point-in-time
Cash	`Cash`	$9.38K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	$5.00K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.38K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposits	`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
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$8.95K	USD	Point-in-time
Total Assets	`Assets`	$14.96K	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`	$13.74K	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	$5.44K	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`	$96.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$96.94K	USD	Point-in-time
Total Liabilities	`Liabilities`	$103.74K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares 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 September 30, 2020 and 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 September 30, 2020 and 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`	$-1.41M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-118.10K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-81.98K	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`	$14.96K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Consulting fees from related party	`RevenueFromRelatedParties`	$79.50K	USD	Annual
Consulting fees from related party	`RevenueFromRelatedParties`	$90.29K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.29K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.50K	USD	Annual
Programming and development	`ResearchAndDevelopmentExpense`	$625.00	USD	Annual
Programming and development	`ResearchAndDevelopmentExpense`	$620.00	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$16.75K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$17.95K	USD	Annual
Professional fees	`ProfessionalFees`	$43.73K	USD	Annual
Professional fees	`ProfessionalFees`	$43.05K	USD	Annual
Rent	`Rent`	$1.38K	USD	Annual
Rent	`Rent`	$1.50K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$62.61K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$62.99K	USD	Annual
Income From Operations	`OperatingIncomeLoss`	$27.68K	USD	Annual
Income From Operations	`OperatingIncomeLoss`	$16.51K	USD	Annual
Interest expense	`InterestExpense`	$3.71K	USD	Annual
Interest expense	`InterestExpense`	$4.37K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-4.37K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.71K	USD	Annual
Net income	`NetIncomeLoss`	$12.80K	USD	Annual
Net income	`NetIncomeLoss`	$23.31K	USD	Annual
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.92M	shares	Annual
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.92M	shares	Annual

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.80K	USD	Annual
Net income	`NetIncomeLoss`	$23.31K	USD	Annual
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-2.50K	USD	Annual
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$5.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.33K	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$4.37K	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$-8.29K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.85K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-491.00	USD	Annual
Repayments of notes payable-related party	`RepaymentsOfRelatedPartyDebt`	$23.29K	USD	Annual
Repayments of notes payable-related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	$1.50K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.29K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	Annual
Increase in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.56K	USD	Annual
Increase in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.01K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.81K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	Annual
Interest paid in cash	`InterestPaidNet`	$8.29K	USD	Annual
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	Annual
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-118.10K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.80K	USD	Annual
Net income	`NetIncomeLoss`	$23.31K	USD	Annual
Balance	`StockholdersEquity`	$-118.10K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time

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