10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-015095`
Period End Date	20230331
Filing Date	20230502
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 50 Cash Flow Statement 28 Stockholders Equity 18

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
Cash	`Cash`	$5.81K	USD	Point-in-time
Cash	`Cash`	$2.65K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableNetCurrent`	$5.00K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableNetCurrent`	$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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.32K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.08K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.97K	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
Total current assets	`AssetsCurrent`	$15.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Total Assets	`Assets`	$13.55K	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
Total Assets	`Assets`	$16.47K	USD	Point-in-time
Accrued interest payable -related party	`InterestPayableCurrent`	$8.51K	USD	Point-in-time
Accrued interest payable -related party	`InterestPayableCurrent`	$10.41K	USD	Point-in-time
Notes payable-related party	`NotesPayableCurrent`	$94.12K	USD	Point-in-time
Notes payable-related party	`NotesPayableCurrent`	$94.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.53K	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$104.53K	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, 2023 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 March 31, 2023 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`	$-1.42M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-90.98K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$13.55K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$16.47K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Contracted services-related party	`ContractedServicesrelatedParty`	$17.00K	USD	1 Quarter
Contracted services-related party	`ContractedServicesrelatedParty`	$32.00K	USD	2 Qtrs
Contracted services-related party	`ContractedServicesrelatedParty`	$30.00K	USD	2 Qtrs
Contracted services-related party	`ContractedServicesrelatedParty`	$15.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.00K	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`	$6.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.89K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.67K	USD	2 Qtrs
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	2 Qtrs
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.31K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.91K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.25K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$18.07K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$17.09K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$34.92K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$24.68K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-2.09K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-2.92K	USD	2 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-1.07K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$5.32K	USD	2 Qtrs
Interest expense-related party	`InterestExpense`	$915.00	USD	1 Quarter
Interest expense-related party	`InterestExpense`	$941.00	USD	1 Quarter
Interest expense-related party	`InterestExpense`	$1.85K	USD	2 Qtrs
Interest expense-related party	`InterestExpense`	$1.90K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-915.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.85K	USD	2 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-941.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-1.90K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.01K	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	1 Quarter
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	2 Qtrs
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	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.01K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$240.00	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
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-530.00	USD	2 Qtrs
Increase (decrease) in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$1.90K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.91K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.16K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.91K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.16K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.65K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.07K	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`	$2.65K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.07K	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	2 Qtrs
Interest paid in cash	`InterestPaidNet`	-	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`	$-90.98K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.01K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-90.98K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time

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