10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-027128`
Period End Date	20230630
Filing Date	20230808
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 34 Stockholders Equity 24

Balance Sheet 56 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
Cash	`Cash`	$5.81K	USD	Point-in-time
Cash	`Cash`	$924.00	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableNetCurrent`	$7.45K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$2.42K	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
Total current assets	`AssetsCurrent`	$10.80K	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 authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$16.47K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$11.38K	USD	Point-in-time
Accrued interest payable related party	`InterestPayableCurrent`	$8.51K	USD	Point-in-time
Accrued interest payable related party	`InterestPayableCurrent`	$14.19K	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`	$108.31K	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$108.31K	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 June 30, 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 June 30, 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`	$-1.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-96.93K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-90.98K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-88.97K	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 Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$16.47K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$11.38K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Contracted services-related party	`ContractedServicesrelatedParty`	$45.00K	USD	3 Qtrs
Contracted services-related party	`ContractedServicesrelatedParty`	$46.50K	USD	3 Qtrs
Contracted services-related party	`ContractedServicesrelatedParty`	$15.00K	USD	1 Quarter
Contracted services-related party	`ContractedServicesrelatedParty`	$14.50K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$46.50K	USD	3 Qtrs
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.50K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	3 Qtrs
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Bad debt recovery - related party	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.66K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.99K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.69K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$11.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$34.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$10.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$34.93K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$16.67K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$51.59K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$39.96K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$15.27K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$5.04K	USD	3 Qtrs
Income (Loss) From Operations	`OperatingIncomeLoss`	$-2.17K	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-273.00	USD	1 Quarter
Income (Loss) From Operations	`OperatingIncomeLoss`	$-5.09K	USD	3 Qtrs
Interest expense related party	`InterestExpense`	$3.77K	USD	1 Quarter
Interest expense related party	`InterestExpense`	$2.78K	USD	3 Qtrs
Interest expense related party	`InterestExpense`	$5.68K	USD	3 Qtrs
Interest expense related party	`InterestExpense`	$925.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.78K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-5.68K	USD	3 Qtrs
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.01K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.77K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	3 Qtrs
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	3 Qtrs
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	1 Quarter
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	1 Quarter
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.92M	shares	1 Quarter
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.92M	shares	3 Qtrs
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.92M	shares	1 Quarter
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.92M	shares	3 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.01K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.77K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
(Increase) decrease in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$2.45K	USD	3 Qtrs
(Increase) decrease in accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-5.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.89K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.65K	USD	3 Qtrs
Increase in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$396.00	USD	3 Qtrs
Increase in accrued interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$5.68K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.77K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.89K	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	$2.62K	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.62K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.89K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.39K	USD	3 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.55K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$924.00	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.55K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$924.00	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.38K	USD	3 Qtrs
Interest paid in cash	`InterestPaidNet`	-	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-96.93K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-90.98K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-2.01K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.27K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.77K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-83.45K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-96.93K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-84.65K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-90.98K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-88.97K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-80.45K	USD	Point-in-time

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