10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-020085`
Period End Date	20220630
Filing Date	20220722
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 34 Stockholders Equity 24

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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$7.55K	USD	Point-in-time
Cash	`Cash`	$1.16K	USD	Point-in-time
Accounts receivable-related party, net of allowance of $0 and $10,000, respectively	`AccountsReceivableRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Accounts receivable-related party, net of allowance of $0 and $10,000, respectively	`AccountsReceivableRelatedPartiesCurrent`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	$8.89K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Total current assets	`AssetsCurrent`	$16.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total Assets	`Assets`	$11.73K	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`	$17.02K	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`	$7.55K	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`	$94.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.67K	USD	Point-in-time
Total Liabilities	`Liabilities`	$98.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$101.67K	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 June 30, 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 June 30, 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`	$-81.98K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-75.88K	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 Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$17.02K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$11.73K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Contracted services-related party	`RevenueFromRelatedParties`	$15.00K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$57.50K	USD	3 Qtrs
Contracted services-related party	`RevenueFromRelatedParties`	$22.50K	USD	1 Quarter
Contracted services-related party	`RevenueFromRelatedParties`	$45.00K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.50K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$57.50K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00K	USD	3 Qtrs
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.69K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.83K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.79K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.80K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$34.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$10.48K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$39.96K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$48.63K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$16.26K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$15.27K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-273.00	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$8.87K	USD	3 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$5.04K	USD	3 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$6.24K	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$925.00	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$2.78K	USD	3 Qtrs
Interest expense related party	`InterestExpenseRelatedParty`	$925.00	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$2.78K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.78K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.78K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.10K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.31K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Net income per share - basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income per share - basic and diluted	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income per share - basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	3 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	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.10K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.31K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Decrease (increase) in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$7.50K	USD	3 Qtrs
Decrease (increase) in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-5.00K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.89K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.75K	USD	3 Qtrs
Increase in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$396.00	USD	3 Qtrs
Increase in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$776.00	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.38K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.77K	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	$2.62K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.62K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.39K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.38K	USD	3 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.00	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.55K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.00	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.55K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.38K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.38K	USD	3 Qtrs
Interest paid in cash	`InterestPaidNet`	$2.00K	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-75.88K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-79.57K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$2.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$6.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$5.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$-81.98K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-81.19K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-75.88K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-79.57K	USD	Point-in-time

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