10-K Filing

AI UNLIMITED GROUP, INC. CIK: 1932244 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-023444`
Period End Date	20221231
Filing Date	20230705
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 17 Cash Flow Statement 25 Stockholders Equity 23

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
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 issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$315.79K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$11.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$148.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Current assets	`AssetsCurrent`	$476.04K	USD	Point-in-time
Contributed tangible software	`ContributedTangibleSoftware`	$758.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.66M	shares	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`	$924.01K	USD	Point-in-time
Total assets	`Assets`	$2.16M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$50.00K	USD	Point-in-time
Stock issuable liability	`StockIssuableLiabilityCurrent`	$50.00K	USD	Point-in-time
Related party loans	`RelatedPartyLoans`	$300.00K	USD	Point-in-time
Accrued interests	`InterestPayableCurrentAndNoncurrent`	$740.00	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$400.74K	USD	Point-in-time
Total liabilities	`Liabilities`	$400.74K	USD	Point-in-time
Commitments and Contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.0001, 50,000,000 shares authorized, 5,000,000 issued and outstanding, as of December 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 December 31, 2022	`CommonStockValue`	$6.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.76M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
Subscription fees	`SubscriptionFees`	$16.88K	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.88K	USD	3 Qtrs
Subscription & software	`SubscriptionAndSoftware`	$61.27K	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$61.27K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-44.39K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.19M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$690.21K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.88M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.92M	USD	3 Qtrs
Interest expense	`InterestExpensesOther`	$8.14K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-338.00	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-8.48K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.93M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.93M	USD	3 Qtrs
Net loss per common share, basic and diluted	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Weighted average number of common shares outstanding basic & diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	62.52M	shares	3 Qtrs

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.93M	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
Contributed tangible software	`ContributedTangibleSoftwares`	$-758.32K	USD	3 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$57.52K	USD	3 Qtrs
Stock payable for services	`IncreaseDecreaseInStockPayableForServices`	$50.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.81K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$148.44K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.00K	USD	3 Qtrs
Accrued interests	`IncreaseDecreaseInInterestPayableNet`	$740.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.67M	USD	3 Qtrs
Capitalized software	`PaymentsForSoftware`	$981.52K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-981.52K	USD	3 Qtrs
Paid-in-capital for related party contribution	`ProceedsFromPaidInCapitalForRelatedPartyContribution`	$758.32K	USD	3 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$2.90M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.96M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$315.79K	USD	3 Qtrs
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$315.79K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$315.79K	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 interest	`InterestPaidNet`	-	USD	3 Qtrs
Common Stock Issued for 500K Note conversion	`StockIssued1`	$500.00K	USD	3 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Beginning balance, value	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, value	`SharesOutstanding`	63.66M	shares	Point-in-time
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
Common shares issued for founders services valued at par value, shares	`CommonSharesIssuedForFoundersServicesValuedAtParValueShares`	10.00M	shares	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 cash valued at $0.01 per share, shares	`StockIssuedDuringPeriodSharesNewIssuesTwo`	30.50M	shares	3 Qtrs
Common shares issued for 500K note conversion at $0.0248 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$500.00K	USD	3 Qtrs
Common shares issued for 500K note conversion at $0.0248 per share, shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	20.16M	shares	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 $0.50 per share, shares	`StockIssuedDuringPeriodSharesNewIssues`	500,000.00	shares	3 Qtrs
Common shares issued for cash valued at $0.75 per share	`StockIssuedDuringPeriodValueNewIssuesOne`	$1.85M	USD	3 Qtrs
Common shares issued for cash valued at $0.75 per share, shares	`StockIssuedDuringPeriodSharesNewIssuesOne`	2.47M	shares	3 Qtrs
Common shares issued for services valued at $0.75 per share	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	3 Qtrs
Common shares issued for services valued at $0.75 per share, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	33,333.00	shares	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.93M	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Ending balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, shares	`SharesOutstanding`	63.66M	shares	Point-in-time

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