10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-003301`
Period End Date	20221231
Filing Date	20230201
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 24 Cash Flow Statement 26 Stockholders Equity 10

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`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$9.07K	USD	Point-in-time
Cash	`Cash`	$5.81K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableRelatedPartiesCurrent`	$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
Accounts receivable-related party	`AccountsReceivableRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.27K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.08K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.34K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.89K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$16.47K	USD	Point-in-time
Total Assets	`Assets`	$15.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.30K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	$8.51K	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	$9.47K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$94.12K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$94.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.89K	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$104.89K	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 December 31, 2022 and September 30, 2022	`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 December 31, 2022 and September 30, 2022	`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`	$-80.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$16.47K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$15.92K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Consulting fees-related party	`RevenueFromRelatedParties`	$15.00K	USD	1 Quarter
Consulting fees-related party	`RevenueFromRelatedParties`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.72K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.91K	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.94K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$16.85K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$7.60K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-1.85K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$7.40K	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$962.00	USD	1 Quarter
Interest expense-related party	`InterestExpenseRelatedParty`	$935.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-962.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-935.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	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
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	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Decrease in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Decrease in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-5.00K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.87K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.81K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.30K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.98K	USD	1 Quarter
Increase (decrease) in accrued interest payable related party	`IncreaseDecreaseInInterestPayableNet`	$-1.45K	USD	1 Quarter
Increase (decrease) in accrued interest payable related party	`IncreaseDecreaseInInterestPayableNet`	$962.00	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.26K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.13K	USD	1 Quarter
Increase in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.26K	USD	1 Quarter
Increase in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.13K	USD	1 Quarter
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.29K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.07K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.29K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.07K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.38K	USD	1 Quarter
Interest paid in cash	`InterestPaidNet`	-	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time

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