10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-001624`
Period End Date	20201231
Filing Date	20210122
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	wsco-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 22 Cash Flow Statement 26 Stockholders Equity 10

Balance Sheet 54 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`	$10.63K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$9.38K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedPartiesCurrent`	$5.00K	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
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.50K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.13K	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
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	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
Total Assets	`Assets`	$18.71K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$5.44K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$6.38K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$400.00	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$91.50K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$91.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.94K	USD	Point-in-time
Total Liabilities	`Liabilities`	$96.94K	USD	Point-in-time
Total Liabilities	`Liabilities`	$98.28K	USD	Point-in-time
Commitments and Contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 4)	`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, 2020 and September 30, 2020	`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, 2020 and September 30, 2020	`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`	$-1.40M	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 stockholders' deficit	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$18.71K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$14.96K	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`	$2.12K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.54K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$12.31K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$16.65K	USD	1 Quarter
Income From Operations	`OperatingIncomeLoss`	$16.19K	USD	1 Quarter
Income From Operations	`OperatingIncomeLoss`	$3.35K	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$920.00	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$936.00	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-920.00	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-936.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.41K	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`	$2.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.27K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-5.00K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.00K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.50K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.50K	USD	1 Quarter
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInAccruedInterestPayableRelatedParty`	$936.00	USD	1 Quarter
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInAccruedInterestPayableRelatedParty`	$-9.08K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$400.00	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.25K	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`	$1.25K	USD	1 Quarter
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.63K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.63K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	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

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-79.51K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.27K	USD	1 Quarter
Balance	`StockholdersEquity`	$-79.51K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.57K	USD	Point-in-time

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