10-Q Filing

AI UNLIMITED GROUP, INC. CIK: 1932244 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-023449`
Period End Date	20230331
Filing Date	20230705
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 15

Balance Sheet 61 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash	`Cash`	$240.90K	USD	Point-in-time
Cash	`Cash`	$315.79K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.81K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.81K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$148.44K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$148.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$476.04K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$401.15K	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 issued	`CommonStockSharesIssued`	63.66M	shares	Point-in-time
Contributed tangible software	`ContributedTangibleSoftware`	$758.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.66M	shares	Point-in-time
Capitalized software	`CapitalizedComputerSoftwareNet`	$924.01K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.66M	shares	Point-in-time
Capitalized software	`CapitalizedComputerSoftwareNet`	$956.46K	USD	Point-in-time
Total assets	`Assets`	$2.16M	USD	Point-in-time
Total assets	`Assets`	$2.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$101.57K	USD	Point-in-time
Stock issuable liability	`StockIssuableLiabilityCurrent`	$50.00K	USD	Point-in-time
Stock issuable liability	`StockIssuableLiabilityCurrent`	$50.00K	USD	Point-in-time
Related party loans	`LoansPayableCurrent`	$300.00K	USD	Point-in-time
Related party loans	`LoansPayableCurrent`	$600.00K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$740.00	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$8.38K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$759.95K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$400.70K	USD	Point-in-time
Total liabilities	`Liabilities`	$759.95K	USD	Point-in-time
Total liabilities	`Liabilities`	$400.74K	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 March 31, 2023, and December 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 March 31, 2023, and 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 March 31, 2023 and December 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 March 31, 2023 and December 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`	$-1.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	$43.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$202.32K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$307.76K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$106.30K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$43.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$394.01K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$308.61K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-308.61K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-394.01K	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	$7.50K	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	$7.64K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.64K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.50K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-401.65K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-316.11K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-401.65K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-316.11K	USD	1 Quarter
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`	$-0.01	USD	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	36.25M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	63.66M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-401.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-316.11K	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	$43.14K	USD	1 Quarter
Preferred stock issued for services	`PreferredStockIssuedForServices`	-	USD	1 Quarter
Preferred stock issued for services	`PreferredStockIssuedForServices`	$500.00	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.00K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Contributed tangible software	`ContributedTangibleSoftwares`	$-758.32K	USD	1 Quarter
Contributed tangible software	`ContributedTangibleSoftwares`	-	USD	1 Quarter
Stock receivable for cash	`IncreaseDecreaseInStockReceivable`	$-30.00K	USD	1 Quarter
Stock receivable for cash	`IncreaseDecreaseInStockReceivable`	-	USD	1 Quarter
Accrued interests	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interests	`IncreaseDecreaseInInterestPayableNet`	$7.64K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.57K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-299.30K	USD	1 Quarter
Capitalized software	`PaymentsForSoftware`	$75.59K	USD	1 Quarter
Capitalized software	`PaymentsForSoftware`	$168.64K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.59K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-168.64K	USD	1 Quarter
Paid-in-capital for related party contribution	`ProceedsFromPaidInCapitalForRelatedPartyContribution`	$758.32K	USD	1 Quarter
Paid-in-capital for related party contribution	`ProceedsFromPaidInCapitalForRelatedPartyContribution`	-	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$305.00K	USD	1 Quarter
Related party loans	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	1 Quarter
Related party loans	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.89K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$291.74K	USD	1 Quarter
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 beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$291.74K	USD	Point-in-time
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$240.90K	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 at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$291.74K	USD	Point-in-time
Cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$240.90K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Common stock issued for note conversion	`StockIssued1`	$500.00K	USD	1 Quarter
Common stock issued for note conversion	`StockIssued1`	-	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.25M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Preferred shares issued for founder services valued at par value	`PreferredSharesIssuedForFounderServicesValuedAtParValue`	$500.00	USD	1 Quarter
Common shares issued for founders services valued at par value	`StockIssuedDuringPeriodValueIssuedForServices`	$1.00K	USD	1 Quarter
Paid-in-capital for contributed tangible software	`AdjustmentsToAdditionalPaidInCapitalOther`	$758.32K	USD	1 Quarter
Common shares issued for cash valued at $0.01 per share	`StockIssuedDuringPeriodValueNewIssues`	$305.00K	USD	1 Quarter
Common shares issued for 500K note conversion at $0.0248 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$500.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-401.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-316.11K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.25M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time

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