10-Q Filing

AI UNLIMITED GROUP, INC. CIK: 1932244 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-028176`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 61 Cash Flow Statement 53 Stockholders Equity 28

Balance Sheet 60 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
Cash	`Cash`	$315.79K	USD	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`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.81K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Accounts 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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$148.44K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$476.04K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$160.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	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
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`	$977.13K	USD	Point-in-time
Total assets	`Assets`	$2.16M	USD	Point-in-time
Total assets	`Assets`	$1.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$148.35K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.00K	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`	$706.60K	USD	Point-in-time
Related party loans	`LoansPayableCurrent`	$300.00K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$740.00	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$28.40K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$400.74K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$933.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$400.74K	USD	Point-in-time
Total liabilities	`Liabilities`	$933.35K	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 June 30, 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 June 30, 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 June 30, 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 June 30, 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`	$-2.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$962.35K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.89M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.90M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$86.27K	USD	2 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$43.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$634.19K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$326.42K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$353.41K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$555.73K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$234.21K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$127.91K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.05K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$47.16K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$789.93K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$373.61K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$481.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$767.62K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-789.93K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-767.62K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-481.32K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-373.61K	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	$27.65K	USD	2 Qtrs
Other interest expense	`InterestExpensesOther`	$7.46K	USD	2 Qtrs
Other interest expense	`InterestExpensesOther`	$-41.00	USD	1 Quarter
Other interest expense	`InterestExpensesOther`	$20.01K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-338.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-338.00	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-27.65K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-20.01K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.80K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-296.00	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-393.62K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-795.27K	USD	2 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-481.62K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-797.73K	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-481.62K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.73M	USD	5 Qtrs
Net income (loss)	`NetIncomeLoss`	$-795.27K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-797.73K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-393.62K	USD	1 Quarter
Net income (loss) per common share, basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per common share, basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per common share, basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net income (loss) per common share, basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net income (loss) per common share,Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per common share,Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per common share,Diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net income (loss) per common share,Diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.66M	shares	2 Qtrs
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	62.14M	shares	1 Quarter
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.36M	shares	2 Qtrs
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.66M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.14M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.66M	shares	2 Qtrs
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.66M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.36M	shares	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-481.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$2.73M	USD	5 Qtrs
Net loss	`NetIncomeLoss`	$-795.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-797.73K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-393.62K	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Software amortization	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$86.27K	USD	2 Qtrs
Software amortization	`AmortizationOfIntangibleAssets`	$43.14K	USD	1 Quarter
Preferred stock issued for services	`PreferredStockIssuedForServices`	-	USD	2 Qtrs
Preferred stock issued for services	`PreferredStockIssuedForServices`	$500.00	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$26.00K	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Contributed tangible software	`ContributedTangibleSoftwares`	$-758.32K	USD	2 Qtrs
Contributed tangible software	`ContributedTangibleSoftwares`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$98.35K	USD	2 Qtrs
Stock payable for services	`IncreaseDecreaseInStockReceivable`	$50.00K	USD	2 Qtrs
Stock payable for services	`IncreaseDecreaseInStockReceivable`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$219.94K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$27.66K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-582.99K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	2 Qtrs
Capitalized software	`PaymentsForSoftware`	$139.39K	USD	2 Qtrs
Capitalized software	`PaymentsForSoftware`	$631.59K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-139.39K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-631.59K	USD	2 Qtrs
Related party loans-	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Related party loans-	`ProceedsFromRelatedPartyDebt`	$406.60K	USD	2 Qtrs
Paid-in-capital for related party contribution	`ProceedsFromPaidInCapitalForRelatedPartyContribution`	-	USD	2 Qtrs
Paid-in-capital for related party contribution	`ProceedsFromPaidInCapitalForRelatedPartyContribution`	$758.32K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$2.90M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$406.60K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.66M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.33M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-315.79K	USD	2 Qtrs
Cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
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`	$1.33M	USD	Point-in-time
Cash at end 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 at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.33M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Common stock issued for note conversion	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for note conversion	`StockIssued1`	$500.00K	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.25M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$962.35K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.89M	USD	Point-in-time
Common shares issued for cash valued at $0.01 per share	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	1 Quarter
Common shares issued for cash valued at $0.01 per share	`StockIssuedDuringPeriodValueNewIssues`	$305.00K	USD	2 Qtrs
Common shares issued for cash valued at $0.75 per share	`StockIssuedDuringPeriodValueNewIssuesOne`	$1.85M	USD	1 Quarter
Common shares issued for cash valued at $0.75 per share	`StockIssuedDuringPeriodValueNewIssuesOne`	$1.85M	USD	2 Qtrs
Common shares issued for services valued at $0.75 per share	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Common shares issued for services valued at $0.75 per share	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-481.62K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$2.73M	USD	5 Qtrs
Net Loss	`NetIncomeLoss`	$-795.27K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-797.73K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-393.62K	USD	1 Quarter
Preferred shares issued for founder services valued at par value	`PreferredSharesIssuedForFounderServicesValuedAtParValue`	$500.00	USD	2 Qtrs
Common shares issued for founders services valued at par value	`CommonSharesIssuedForFoundersServicesValuedAtParValue`	$1.00K	USD	2 Qtrs
Paid-in-capital for contributed tangible software	`AdjustmentsToAdditionalPaidInCapitalOther`	$758.32K	USD	2 Qtrs
Common shares issued for 500K note conversion at $0.0248 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$500.00K	USD	2 Qtrs
Common shares issued for cash valued at $0.50 per share	`StockIssuedDuringPeriodValueNewIssuesTwo`	$250.00K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$1.76M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.25M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$962.35K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.89M	USD	Point-in-time

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