10-Q Filing

AI UNLIMITED GROUP, INC. CIK: 1932244 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-031720`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 68 Cash Flow Statement 50 Stockholders Equity 21

Balance Sheet 57 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`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$492.90K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Related party trust amount	`DueFromRelatedPartiesCurrent`	$37.83K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Related party trust amount	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.81K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.94K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$148.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.66M	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$2.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.66M	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$653.15K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.66M	shares	Point-in-time
Contributed tangible software	`ContributedTangibleSoftware`	$758.32K	USD	Point-in-time
Contributed tangible software	`ContributedTangibleSoftware`	$758.32K	USD	Point-in-time
Contributed tangible software	`ContributedTangibleSoftware`	$758.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.66M	shares	Point-in-time
Capitalized software	`CapitalizedComputerSoftwareNet`	$285.86K	USD	Point-in-time
Capitalized software	`CapitalizedComputerSoftwareNet`	$866.97K	USD	Point-in-time
Total assets	`Assets`	$2.28M	USD	Point-in-time
Total assets	`Assets`	$3.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.20K	USD	Point-in-time
Stock issuable liability	`StockIssuableLiabilityCurrent`	$50.00K	USD	Point-in-time
Stock issuable liability	`StockIssuableLiabilityCurrent`	$50.00K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$54.20K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$50.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$50.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$54.20K	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.0001, 50,000,000 shares authorized, 5,000,000 issued and outstanding, as of September 30, 2022 and May 31, 2022	`PreferredStockValue`	$500.00	USD	Point-in-time
Preferred stock, par value $0.0001, 50,000,000 shares authorized, 5,000,000 issued and outstanding, as of September 30, 2022 and May 31, 2022	`PreferredStockValue`	$500.00	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized; 63,660,926 shares issued and outstanding as of September 30, 2022 and May 31, 2022	`CommonStockValue`	$6.37K	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized; 63,660,926 shares issued and outstanding as of September 30, 2022 and May 31, 2022	`CommonStockValue`	$6.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-567.79K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.17M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Subscription fees	`SubscriptionFees`	$16.88K	USD	3 Qtrs
Subscription fees	`SubscriptionFees`	-	USD	1 Quarter
Subscription fees	`SubscriptionFees`	$16.88K	USD	1 Quarter
Subscription fees	`SubscriptionFees`	-	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.88K	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.88K	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.88K	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Subscription & software	`SubscriptionAndSoftware`	$17.66K	USD	1 Quarter
Subscription & software	`SubscriptionAndSoftware`	$17.66K	USD	3 Qtrs
Subscription & software	`SubscriptionAndSoftware`	-	USD	1 Quarter
Subscription & software	`SubscriptionAndSoftware`	-	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$17.66K	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$17.66K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	$-785.00	USD	1 Quarter
Gross profit	`GrossProfit`	$-785.00	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$910.39K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$354.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$312.44K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$546.65K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	-	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.46M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$667.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-667.89K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	-	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.46M	USD	3 Qtrs
Other interest expense	`InterestExpensesOther`	$-39.00	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	-	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	-	USD	3 Qtrs
Other interest expense	`InterestExpensesOther`	$7.42K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-338.00	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.76K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$39.00	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.47M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-667.85K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-667.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.47M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Net income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Net income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	61.96M	shares	3 Qtrs
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	3 Qtrs
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	63.66M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-667.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.47M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$13.91K	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	$13.91K	USD	3 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Preferred stock issued for services	`PreferredStockIssuedForServices`	-	USD	3 Qtrs
Preferred stock issued for services	`PreferredStockIssuedForServices`	$500.00	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$26.00K	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Contributed tangible software	`ContributedTangibleSoftwares`	-	USD	3 Qtrs
Contributed tangible software	`ContributedTangibleSoftwares`	$-758.32K	USD	3 Qtrs
Stock payable for services	`IncreaseDecreaseInStockPayableForServices`	$50.00K	USD	3 Qtrs
Stock payable for services	`IncreaseDecreaseInStockPayableForServices`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.81K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$148.44K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.29M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Capitalized software	`PaymentsForSoftware`	$880.88K	USD	3 Qtrs
Capitalized software	`PaymentsForSoftware`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-880.88K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Paid-in-capital for related party contribution	`ProceedsFromRelatedPartyDebt`	$758.32K	USD	3 Qtrs
Paid-in-capital for related party contribution	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$2.90M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.66M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$492.90K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 Qtrs
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$492.90K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$492.90K	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Common stock issued for note conversion	`StockIssued1`	$500.00K	USD	3 Qtrs
Common stock issued for note conversion	`StockIssued1`	-	USD	3 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.22M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.89M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.12M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-667.85K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.47M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Preferred shares issued for founder services valued at par value	`PreferredSharesIssuedForFounderServicesValuedAtParValue`	$500.00	USD	3 Qtrs
Common shares issued for founders services valued at par value	`CommonSharesIssuedForFoundersServicesValuedAtParValue`	$1.00K	USD	3 Qtrs
Paid-in-capital for contributed tangible software	`AdjustmentsToAdditionalPaidincapitalForContributedTangibleSoftware`	$758.32K	USD	3 Qtrs
Common shares issued for cash valued at $0.01 per share	`StockIssuedDuringPeriodValueNewIssuesTwo`	$305.00K	USD	3 Qtrs
Common shares issued for 500K note conversion at $0.0248 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$500.00K	USD	3 Qtrs
Common shares issued for cash valued at $0.50 per share	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	3 Qtrs
Common shares issued for cash valued at $0.75 per share	`StockIssuedDuringPeriodValueNewIssuesOne`	$1.85M	USD	3 Qtrs
Common shares issued for services valued at $0.75 per share	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$2.22M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.89M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.12M	USD	Point-in-time

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