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10-Q Filing

AI UNLIMITED GROUP, INC. CIK: 1932244 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001493152-23-040545
Period End Date 20230930
Filing Date 20231113
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance form10-q_htm.xml
Filing Contents
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
Preferred stock, shares issued PreferredStockSharesIssued 5.00M shares Point-in-time
Cash Cash $315.79K USD Point-in-time
Cash Cash $68.56K USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 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
Preferred stock, shares outstanding PreferredStockSharesOutstanding 5.00M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent - 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
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Total Current assets AssetsCurrent $80.38K USD Point-in-time
Total Current assets AssetsCurrent $476.04K 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
Contributed tangible software ContributedTangibleSoftware $758.32K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 66.05M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 66.05M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 63.66M shares Point-in-time
Capitalized software CapitalizedComputerSoftwareNet $924.01K USD Point-in-time
Capitalized software CapitalizedComputerSoftwareNet $993.98K USD Point-in-time
Total assets Assets $1.83M USD Point-in-time
Total assets Assets $2.16M USD Point-in-time
Accounts payable AccountsPayableCurrent $196.35K 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 $66.40K 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 - USD Point-in-time
Total Current liabilities LiabilitiesCurrent $312.75K USD Point-in-time
Total Current liabilities LiabilitiesCurrent $400.74K USD Point-in-time
Total liabilities Liabilities $400.74K USD Point-in-time
Total liabilities Liabilities $312.75K 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 September 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 September 30, 2023, and December 31, 2022 PreferredStockValue $500.00 USD Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized; 66,046,350 and 63,660,926 shares issued and outstanding as of September 30, 2023 and December 31, 2022 CommonStockValue $6.37K USD Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized; 66,046,350 and 63,660,926 shares issued and outstanding as of September 30, 2023 and December 31, 2022 CommonStockValue $6.61K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.68M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $5.47M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.93M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.96M USD Point-in-time
Total stockholders equity StockholdersEquity $1.76M USD Point-in-time
Total stockholders equity StockholdersEquity $2.22M 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 stockholders equity StockholdersEquity - USD Point-in-time
Total stockholders equity StockholdersEquity $1.52M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $2.16M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.83M USD Point-in-time
Income Statement 71 line items
Line Item Tag Value Unit Period
Subscription fees SubscriptionFees $16.88K USD 3 Qtrs
Subscription fees SubscriptionFees - USD 1 Quarter
Subscription fees SubscriptionFees - USD 3 Qtrs
Subscription fees SubscriptionFees $16.88K USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax - USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $16.88K USD 3 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $16.88K USD 6 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $16.88K USD 3 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax - USD 3 Qtrs
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $16.88K USD 1 Quarter
Subscription & software SubscriptionAndSoftware $43.14K USD 1 Quarter
Subscription & software SubscriptionAndSoftware $129.41K USD 3 Qtrs
Subscription & software SubscriptionAndSoftware $17.66K USD 1 Quarter
Subscription & software SubscriptionAndSoftware $17.66K USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $354.67K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $997.23K USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $910.39K USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $363.04K USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $312.44K USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $211.41K USD 3 Qtrs
Sales and marketing SellingAndMarketingExpense $164.25K USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $546.65K USD 3 Qtrs
Total operating expenses OperatingExpenses $1.34M USD 3 Qtrs
Total operating expenses OperatingExpenses $1.47M USD 3 Qtrs
Total operating expenses OperatingExpenses $684.77K USD 1 Quarter
Total operating expenses OperatingExpenses $570.42K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-570.42K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-667.89K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-1.34M USD 3 Qtrs
Operating income (loss) OperatingIncomeLoss $-1.46M USD 3 Qtrs
Other interest expense InterestExpensesOther $-39.00 USD 1 Quarter
Other interest expense InterestExpensesOther $7.42K USD 3 Qtrs
Other interest expense InterestExpensesOther $29.85K USD 1 Quarter
Other interest expense InterestExpensesOther $57.50K USD 3 Qtrs
Other income (expense) OtherNonoperatingIncomeExpense $-631.22K USD 3 Qtrs
Other income (expense) OtherNonoperatingIncomeExpense $-631.22K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-338.00 USD 3 Qtrs
Other income (expense) OtherNonoperatingIncomeExpense - USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-688.72K USD 3 Qtrs
Total other expense NonoperatingIncomeExpense $-661.07K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $39.00 USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-7.76K USD 3 Qtrs
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.03M USD 3 Qtrs
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-667.85K USD 1 Quarter
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.23M USD 1 Quarter
Income (loss) before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.47M USD 3 Qtrs
Provision (benefit) for income taxes IncomeTaxExpenseBenefit - USD 3 Qtrs
Provision (benefit) for income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit - USD 3 Qtrs
Provision (benefit) for income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.47M USD 3 Qtrs
Net income (loss) NetIncomeLoss $3.96M USD 6 Qtrs
Net income (loss) NetIncomeLoss $-667.85K USD 1 Quarter
Net income (loss) NetIncomeLoss $-2.03M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-1.23M USD 1 Quarter
Net income (loss) per common share, basic EarningsPerShareBasic $-0.03 USD 3 Qtrs
Net income (loss) per common share, basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Net income (loss) per common share, basic EarningsPerShareBasic $-0.02 USD 3 Qtrs
Net income (loss) per common share, basic EarningsPerShareBasic $-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 $-0.02 USD 1 Quarter
Net income (loss) per common share,diluted EarningsPerShareDiluted $-0.03 USD 3 Qtrs
Net income (loss) per common share,diluted EarningsPerShareDiluted $-0.02 USD 3 Qtrs
Weighted average number of common shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 63.71M shares 1 Quarter
Weighted average number of common shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 61.96M shares 3 Qtrs
Weighted average number of common shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 63.68M shares 3 Qtrs
Weighted average number of common shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 63.66M shares 1 Quarter
Weighted average number of common shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 61.96M shares 3 Qtrs
Weighted average number of common shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 63.68M shares 3 Qtrs
Weighted average number of common shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 63.71M shares 1 Quarter
Weighted average number of common shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 63.66M shares 1 Quarter
Cash Flow Statement 57 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.47M USD 3 Qtrs
Net loss NetIncomeLoss $3.96M USD 6 Qtrs
Net loss NetIncomeLoss $-667.85K USD 1 Quarter
Net loss NetIncomeLoss $-2.03M USD 3 Qtrs
Net loss NetIncomeLoss $-1.23M USD 1 Quarter
Software amortization AmortizationOfIntangibleAssets $13.91K USD 3 Qtrs
Software amortization AmortizationOfIntangibleAssets $129.41K USD 3 Qtrs
Preferred stock issued for services PreferredStockIssuedForServices $500.00 USD 3 Qtrs
Preferred stock issued for services PreferredStockIssuedForServices - USD 3 Qtrs
Common stock issued for services IssuanceOfStockAndWarrantsForServicesOrClaims - USD 3 Qtrs
Common stock issued for services IssuanceOfStockAndWarrantsForServicesOrClaims $26.00K USD 3 Qtrs
Contributed tangible software ContributedTangibleSoftwares $-758.32K USD 3 Qtrs
Contributed tangible software ContributedTangibleSoftwares - USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable - USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.81K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $4.20K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $146.35K USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-148.44K USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $148.44K USD 3 Qtrs
Stock payable for services IncreaseDecreaseInStockReceivable $50.00K USD 3 Qtrs
Stock payable for services IncreaseDecreaseInStockReceivable - USD 3 Qtrs
Accrued interest IncreaseDecreaseInInterestPayableNet $-740.00 USD 3 Qtrs
Accrued interest IncreaseDecreaseInInterestPayableNet - USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.29M USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.60M USD 3 Qtrs
Capitalized software PaymentsForSoftware $199.39K USD 3 Qtrs
Capitalized software PaymentsForSoftware $880.88K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-880.88K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-199.39K USD 3 Qtrs
Paid-in-capital for related party contribution ProceedsFromPaidInCapitalForRelatedPartyContribution - USD 3 Qtrs
Paid-in-capital for related party contribution ProceedsFromPaidInCapitalForRelatedPartyContribution $758.32K USD 3 Qtrs
Common stock issued for cash ProceedsFromIssuanceOfCommonStock - USD 3 Qtrs
Common stock issued for cash ProceedsFromIssuanceOfCommonStock $2.90M USD 3 Qtrs
Related party loans ProceedsFromRepaymentsOfRelatedPartyDebt - USD 3 Qtrs
Related party loans ProceedsFromRepaymentsOfRelatedPartyDebt $-233.60K USD 3 Qtrs
Discount on note conversion DiscountOnNoteConversion $630.82K USD 3 Qtrs
Discount on note conversion DiscountOnNoteConversion - USD 3 Qtrs
Convertible note settled ConvertibleNoteSettled - USD 3 Qtrs
Convertible note settled ConvertibleNoteSettled $1.16M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.66M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.56M USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-247.23K USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $492.90K USD 3 Qtrs
Cash at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $492.90K 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 $68.56K USD Point-in-time
Cash at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $492.90K 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 $68.56K USD Point-in-time
Cash paid for income taxes IncomeTaxesPaidNet - USD 3 Qtrs
Cash paid for income taxes IncomeTaxesPaidNet - USD 3 Qtrs
Cash paid for interest InterestPaidNet - USD 3 Qtrs
Cash paid for interest InterestPaidNet - USD 3 Qtrs
Common stock issued for note conversion StockIssued1 $500.00K USD 3 Qtrs
Common stock issued for note conversion StockIssued1 $1.79M USD 3 Qtrs
Stockholders Equity 27 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $1.76M USD Point-in-time
Beginning balance, value StockholdersEquity $2.22M USD Point-in-time
Beginning balance, value StockholdersEquity $962.35K USD Point-in-time
Beginning balance, value StockholdersEquity $2.89M USD Point-in-time
Beginning balance, value StockholdersEquity - USD Point-in-time
Beginning balance, value StockholdersEquity $1.52M USD Point-in-time
Net Loss NetIncomeLoss $-1.47M USD 3 Qtrs
Net Loss NetIncomeLoss $3.96M USD 6 Qtrs
Net Loss NetIncomeLoss $-667.85K USD 1 Quarter
Net Loss NetIncomeLoss $-2.03M USD 3 Qtrs
Net Loss NetIncomeLoss $-1.23M USD 1 Quarter
Shares issued for note conversion StockIssuedDuringPeriodValueConversionOfUnits $1.79M USD 1 Quarter
Shares issued for note conversion StockIssuedDuringPeriodValueConversionOfUnits $1.79M USD 3 Qtrs
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
Paid-in-capital for contributed tangible software AdjustmentsToAdditionalPaidInCapitalOther $758.32K USD 3 Qtrs
Common shares issued for cash valued at $0.01 per share StockIssuedDuringPeriodValueNewIssues $305.00K USD 3 Qtrs
Common shares issued for 500K note conversion at $0.0248 per share StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $500.00K USD 3 Qtrs
Common shares issued for cash valued at $0.50 per share StockIssuedDuringPeriodValueNewIssuesTwo $250.00K USD 3 Qtrs
Common shares issued for cash valued at $0.75 per share StockIssuedDuringPeriodValueNewIssuesOne $1.85M USD 3 Qtrs
Common shares issued for services valued at $0.75 per share StockIssuedDuringPeriodValueIssuedForServices $25.00K USD 3 Qtrs
Ending balance, value StockholdersEquity $1.76M USD Point-in-time
Ending balance, value StockholdersEquity $2.22M USD Point-in-time
Ending balance, value StockholdersEquity $962.35K USD Point-in-time
Ending balance, value StockholdersEquity $2.89M USD Point-in-time
Ending balance, value StockholdersEquity - USD Point-in-time
Ending balance, value StockholdersEquity $1.52M USD Point-in-time

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

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