10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-011222`
Period End Date	20220331
Filing Date	20220426
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 50 Cash Flow Statement 28 Stockholders Equity 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance of accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.00K	USD	Point-in-time
Allowance of accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	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`	$1.16K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$11.07K	USD	Point-in-time
Accounts receivable-related party, net of allowance of $0 and $10,000, respectively	`AccountsReceivableRelatedParties`	$5.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable-related party, net of allowance of $0 and $10,000, respectively	`AccountsReceivableRelatedParties`	$5.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.15K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Deposit	`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
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Total Assets	`Assets`	$21.73K	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
Total Assets	`Assets`	$11.73K	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
Accounts payable	`AccountsPayableCurrent`	$7.06K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued interest payable related party	`InterestPayableCurrent`	$6.62K	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`	$105.18K	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`	$105.18K	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, 2022 and September 30, 2021	`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, 2022 and September 30, 2021	`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`	$-86.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$21.73K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$11.73K	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`	$15.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$35.00K	USD	2 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$30.00K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.00K	USD	2 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.17K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.89K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.04K	USD	2 Qtrs
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	2 Qtrs
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$25.32K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.91K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$10.79K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$17.09K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$24.68K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$15.71K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$32.36K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$5.32K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$2.64K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-709.00	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-2.09K	USD	1 Quarter
Interest expense-related party	`InterestExpense`	$915.00	USD	1 Quarter
Interest expense-related party	`InterestExpense`	$1.85K	USD	2 Qtrs
Interest expense-related party	`InterestExpense`	$915.00	USD	1 Quarter
Interest expense-related party	`InterestExpense`	$1.85K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-915.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-915.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.85K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.85K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasic`	-	USD	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.00K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$80.00	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.06K	USD	2 Qtrs
Decrease in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-530.00	USD	2 Qtrs
Decrease in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-149.00	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.36K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.91K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.91K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.36K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.07K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.02K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.07K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.02K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.38K	USD	2 Qtrs
Interest paid in cash	`InterestPaidNet`	$2.00K	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
Beginning balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$786.00	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-81.19K	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.