10-K Filing

GLOBAL AI, INC. CIK: 1473490 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001493152-24-005474`
Period End Date	20230930
Filing Date	20240208
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 30 Cash Flow Statement 34 Stockholders Equity 10

Balance Sheet 53 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$5.81K	USD	Point-in-time
Cash	`Cash`	$2.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable-related party	`AccountsReceivableNetCurrent`	$5.00K	USD	Point-in-time
Accounts receivable-related party	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.08K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.09K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$15.89K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.10K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$578.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Total Assets	`Assets`	$1.10K	USD	Point-in-time
Total Assets	`Assets`	$16.47K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.92M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$29.08K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	-	USD	Point-in-time
Accrued interest payable-related party	`InterestPayableCurrent`	$8.51K	USD	Point-in-time
Notes payable -related party	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable -related party	`NotesPayableCurrent`	$94.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$29.08K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$102.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.08K	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.63K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 28,578,006 and 26,922,006 issued and outstanding at September 30, 2023 and 2022, respectively.	`CommonStockValue`	$28.58K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 28,578,006 and 26,922,006 issued and outstanding at September 30, 2023 and 2022, respectively.	`CommonStockValue`	$26.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-27.98K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.10K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$16.47K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Consulting fees from related party	`ContractedServicesrelatedParty`	$60.00K	USD	Annual
Consulting fees from related party	`ContractedServicesrelatedParty`	$49.00K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$49.00K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.00K	USD	Annual
Bad debt recovery- related party	`ProvisionForDoubtfulAccounts`	$-10.00K	USD	Annual
Bad debt recovery- related party	`ProvisionForDoubtfulAccounts`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$19.30K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.77K	USD	Annual
Professional fees	`ProfessionalFees`	$44.51K	USD	Annual
Professional fees	`ProfessionalFees`	$141.80K	USD	Annual
Rent	`Rent`	$1.68K	USD	Annual
Rent	`Rent`	$1.69K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$162.25K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$55.50K	USD	Annual
Income (Loss) From Operations	`OperatingIncomeLoss`	$4.50K	USD	Annual
Income (Loss) From Operations	`OperatingIncomeLoss`	$-113.25K	USD	Annual
Interest expense	`InterestExpense`	$2.85K	USD	Annual
Interest expense	`InterestExpense`	$3.74K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-2.85K	USD	Annual
Total Other Expense	`OtherNonoperatingIncomeExpense`	$-3.74K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$758.00	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-116.11K	USD	Annual
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	Annual
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	Annual
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.92M	shares	Annual
Weighted average number of common shares - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	Annual
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.92M	shares	Annual
Weighted average number of common shares - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.58M	shares	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$758.00	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-116.11K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$68.80K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Accounts receivable-related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-5.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.98K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$80.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.08K	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$2.85K	USD	Annual
Accrued interest payable-related party	`IncreaseDecreaseInInterestPayableNet`	$1.36K	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-578.00	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.04K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.81K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	$2.62K	USD	Annual
Proceeds from issuance of notes payable-related party	`ProceedsFromNotesPayable`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.62K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Increase (decrease) in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.66K	USD	Annual
Increase (decrease) in cash during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.81K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.00	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.16K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.00	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	$2.38K	USD	Annual
Interest paid in cash	`InterestPaidNet`	$8.51K	USD	Annual
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	Annual
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	Annual
Shares issued for conversion of debt related party	`StockIssued1`	-	USD	Annual
Shares issued for conversion of debt related party	`StockIssued1`	$105.48K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-27.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Balance	`StockholdersEquity`	$-86.92K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$758.00	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-116.11K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$68.80K	USD	Annual
Issuance of common stock for conversion of debt related party	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$105.48K	USD	Annual
Balance	`StockholdersEquity`	$-27.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$-86.16K	USD	Point-in-time
Balance	`StockholdersEquity`	$-86.92K	USD	Point-in-time

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