10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-009804`
Period End Date	20210331
Filing Date	20210427
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	wsco-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 50 Cash Flow Statement 32 Stockholders Equity 18

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
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
Cash	`Cash`	$5.02K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedPartiesCurrent`	$5.00K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	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`	$14.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.02K	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
Total Assets	`Assets`	$15.60K	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`	$5.29K	USD	Point-in-time
Accrued interest payable - related party	`InterestPayableCurrent`	$5.44K	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`	$96.79K	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`	$96.79K	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 March 31, 2021 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 March 31, 2021 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`	$-1.41M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-86.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-79.51K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$15.60K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$14.96K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Contracted services-related party	`RevenueFromRelatedParties`	$15.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$35.00K	USD	2 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$17.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$45.50K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.50K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.00K	USD	2 Qtrs
Internet and hosting services	`InternetAndHostingServices`	$625.00	USD	1 Quarter
Internet and hosting services	`InternetAndHostingServices`	$625.00	USD	2 Qtrs
Internet and hosting services	`InternetAndHostingServices`	-	USD	2 Qtrs
Internet and hosting services	`InternetAndHostingServices`	-	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$4.51K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$4.54K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.61K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$2.42K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.82K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$27.82K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.29K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.41K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$22.65K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$15.71K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$34.96K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$32.36K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-5.65K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$2.64K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$10.54K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-709.00	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$1.84K	USD	2 Qtrs
Interest expense-related party	`InterestExpenseRelatedParty`	$915.00	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$925.00	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$1.85K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-1.84K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-915.00	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-1.85K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$15.27K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.70K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.62K	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	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
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 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.27K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.70K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-6.57K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.00K	USD	2 Qtrs
(Decrease) in accrued interest payable - related party	`IncreaseDecreaseInAccruedInterestPayableRelatedParty`	$-8.15K	USD	2 Qtrs
(Decrease) in accrued interest payable - related party	`IncreaseDecreaseInAccruedInterestPayableRelatedParty`	$-149.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.36K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.46K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.50K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	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`	$-4.96K	USD	2 Qtrs
Decrease in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.36K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.02K	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`	$3.42K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.02K	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`	$3.42K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.00K	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

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-86.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.51K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$15.27K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.70K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Balance	`StockholdersEquity`	$-86.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Balance	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.51K	USD	Point-in-time

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