10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001553350-13-000196`
Period End Date	20130331
Filing Date	20130520
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	bmhi-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 72 Cash Flow Statement 40

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$66.00	USD	Point-in-time
Cash	`Cash`	$4.23K	USD	Point-in-time
Cash	`Cash`	$1.62K	USD	Point-in-time
Cash	`Cash`	$4.12K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Total Assets	`Assets`	$66.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Total Assets	`Assets`	$4.12K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.21K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.15K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	-	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	-	shares	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$88.39K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	$223.75K	USD	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	$223.75K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	-	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	$203.44K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$527.80K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`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; 195,000,000 shares authorized; 26,822,007 and 1,386,280 issued and outstanding at March 31, 2013 and September 30, 2012 respectively	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 195,000,000 shares authorized; 26,822,007 and 1,386,280 issued and outstanding at March 31, 2013 and September 30, 2012 respectively	`CommonStockValue`	$1.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$601.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.12M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-30.08K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$66.00	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$4.12K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Affiliate Commissions	`FeesAndCommissions`	-	USD	2 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$150.00	USD	1 Quarter
Affiliate Commissions	`FeesAndCommissions`	-	USD	1 Quarter
Affiliate Commissions	`FeesAndCommissions`	$186.00	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$26.83K	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$15.14K	USD	1 Quarter
Website Development services	`TechnologyServicesRevenue`	$25.55K	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$11.10K	USD	1 Quarter
Total Revenues	`Revenues`	$15.29K	USD	1 Quarter
Total Revenues	`Revenues`	$27.02K	USD	2 Qtrs
Total Revenues	`Revenues`	$25.55K	USD	2 Qtrs
Total Revenues	`Revenues`	$11.10K	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$120.00	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$341.00	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$120.00	USD	1 Quarter
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$161.00	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$8.74K	USD	1 Quarter
Programming & development	`TechnologyServicesCosts`	$18.33K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$11.98K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$8.69K	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$117.00	USD	1 Quarter
Advertising & marketing	`MarketingAndAdvertisingExpense`	$117.00	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$204.00	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$164.00	USD	1 Quarter
Domain names	`LicenseCosts`	$477.00	USD	2 Qtrs
Domain names	`LicenseCosts`	$2.43K	USD	2 Qtrs
Domain names	`LicenseCosts`	$2.08K	USD	1 Quarter
Domain names	`LicenseCosts`	$131.00	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$6.20K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$4.76K	USD	1 Quarter
Office and administrative	`GeneralAndAdministrativeExpense`	$8.26K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$7.45K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.17K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.40K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	1 Quarter
Salaries	`SalariesWagesAndOfficersCompensation`	$60.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$2.25K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$2.45K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$3.75K	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$4.70K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$126.88K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$67.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$72.45K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$47.72K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-99.86K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-51.91K	USD	1 Quarter
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.90K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-36.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$535.00	USD	1 Quarter
Interest expense	`InterestExpense`	$12.24K	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.69K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-535.00	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-6.69K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-12.24K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-6.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-112.10K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.58K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.16K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.51M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.36M	shares	1 Quarter
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.35M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.96M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-112.10K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.58K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.16K	USD	1 Quarter
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
Contributed capital	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$27.34K	USD	2 Qtrs
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	$25.00K	USD	2 Qtrs
Amortization of prepaid stock for services	`AmortizationOfPrepaidSharesIssuedForServices`	-	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	-	USD	2 Qtrs
Increase in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$59.00K	USD	2 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$11.55K	USD	2 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.83K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.39K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.42K	USD	2 Qtrs
Bank overdraft liability	`BankOverdraftLiability`	-	USD	2 Qtrs
Bank overdraft liability	`BankOverdraftLiability`	$360.00	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$360.00	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	2 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$2.60K	USD	2 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$-4.06K	USD	2 Qtrs
Cash, beginning of the period	`Cash`	$66.00	USD	Point-in-time
Cash, beginning of the period	`Cash`	$4.23K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$1.62K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$4.12K	USD	Point-in-time
Cash, end of the period	`Cash`	$66.00	USD	Point-in-time
Cash, end of the period	`Cash`	$4.23K	USD	Point-in-time
Cash, end of the period	`Cash`	$1.62K	USD	Point-in-time
Cash, end of the period	`Cash`	$4.12K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	$519.84K	USD	2 Qtrs

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