10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-21-032076`
Period End Date	20210930
Filing Date	20211220
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 28 Cash Flow Statement 26 Stockholders Equity 8

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Allowance of accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.00K	USD	Point-in-time
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
Cash	`Cash`	$9.38K	USD	Point-in-time
Cash	`Cash`	$1.16K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable-related party-net of allowance of $10,000 at September 30, 2021	`AccountsReceivableRelatedParties`	$5.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable-related party-net of allowance of $10,000 at September 30, 2021	`AccountsReceivableRelatedParties`	$5.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.38K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.16K	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
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 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`	$11.73K	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`	$5.44K	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	$7.15K	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`	$96.94K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$98.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$98.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$96.94K	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, 2021 and 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 September 30, 2021 and 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`	$-94.78K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$14.96K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$11.73K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Consulting fees from related party	`RevenueFromRelatedParties`	$79.50K	USD	Annual
Consulting fees from related party	`RevenueFromRelatedParties`	$72.50K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$72.50K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.50K	USD	Annual
Programming and development	`ResearchAndDevelopmentExpense`	$625.00	USD	Annual
Programming and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$10.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$17.95K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$16.14K	USD	Annual
Professional fees	`ProfessionalFees`	$46.05K	USD	Annual
Professional fees	`ProfessionalFees`	$43.05K	USD	Annual
Rent	`Rent`	$1.55K	USD	Annual
Rent	`Rent`	$1.38K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$62.99K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$73.73K	USD	Annual
Income (Loss) From Operations	`OperatingIncomeLoss`	$16.51K	USD	Annual
Income (Loss) From Operations	`OperatingIncomeLoss`	$-1.23K	USD	Annual
Interest expense	`InterestExpense`	$3.71K	USD	Annual
Interest expense	`InterestExpense`	$3.71K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.71K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.71K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$12.80K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.94K	USD	Annual
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net income (loss) 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 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$12.80K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.94K	USD	Annual
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	Annual
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$5.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$1.71K	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$-8.29K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.23K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-491.00	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	$1.50K	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
(Decrease) increase in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.01K	USD	Annual
(Decrease) increase in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.23K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.38K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	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
Interest paid in cash	`InterestPaidNet`	$2.00K	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
Beginning balance, value	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$12.80K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.94K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-94.78K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-81.98K	USD	Point-in-time

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