10-Q Filing

GLOBAL AI, INC. CIK: 1473490 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001553350-13-000583`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	bmhi-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 72 Cash Flow Statement 41

Balance Sheet 37 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`	$1.62K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$4.12K	USD	Point-in-time
Cash	`Cash`	$5.44K	USD	Point-in-time
Cash	`Cash`	$2.23K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.23K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.12K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	26.82M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.39M	shares	Point-in-time
Total Assets	`Assets`	$4.12K	USD	Point-in-time
Total Assets	`Assets`	$2.23K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.82M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$41.63K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.21K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	$88.39K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesAndOtherLiabilities`	-	USD	Point-in-time
Accrued salary promissory notes - related parties	`NotesPayableCurrent`	-	USD	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
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	$203.44K	USD	Point-in-time
Convertible promissory notes - related parties	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$527.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.63K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 26,822,007 and 1,386,280 issued and outstanding at June 30, 2013 and September 30, 2012, respectively.	`CommonStockValue`	$26.82K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 26,822,007 and 1,386,280 issued and outstanding at June 30, 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`	$1.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.21M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-39.41K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.67K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$2.23K	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`	$16.00	USD	2 Qtrs
Affiliate Commissions	`FeesAndCommissions`	-	USD	2 Qtrs
Affiliate Commissions	`FeesAndCommissions`	$202.00	USD	3 Qtrs
Affiliate Commissions	`FeesAndCommissions`	-	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$26.04K	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$47.00K	USD	3 Qtrs
Website Development services	`TechnologyServicesRevenue`	$21.45K	USD	2 Qtrs
Website Development services	`TechnologyServicesRevenue`	$52.87K	USD	3 Qtrs
Total Revenues	`Revenues`	$21.45K	USD	2 Qtrs
Total Revenues	`Revenues`	$47.00K	USD	3 Qtrs
Total Revenues	`Revenues`	$53.07K	USD	3 Qtrs
Total Revenues	`Revenues`	$26.05K	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$120.00	USD	3 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	-	USD	2 Qtrs
Internet & hosting services	`ProfessionalAndContractServicesExpense`	$341.00	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$24.73K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$12.74K	USD	2 Qtrs
Programming & development	`TechnologyServicesCosts`	$23.30K	USD	3 Qtrs
Programming & development	`TechnologyServicesCosts`	$4.97K	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.50K	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$1.62K	USD	3 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	-	USD	2 Qtrs
Advertising & marketing	`MarketingAndAdvertisingExpense`	$204.00	USD	3 Qtrs
Domain names	`LicenseCosts`	$5.15K	USD	3 Qtrs
Domain names	`LicenseCosts`	$306.00	USD	2 Qtrs
Domain names	`LicenseCosts`	$783.00	USD	3 Qtrs
Domain names	`LicenseCosts`	$2.72K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.08K	USD	2 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$10.65K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$9.53K	USD	3 Qtrs
Office and administrative	`GeneralAndAdministrativeExpense`	$2.39K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$60.74K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$19.07K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.73K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$36.23K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$48.00K	USD	3 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$24.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$30.00K	USD	2 Qtrs
Salaries	`SalariesWagesAndOfficersCompensation`	$90.00K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$2.25K	USD	2 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$6.05K	USD	3 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$1.35K	USD	2 Qtrs
Rent - related party	`OperatingLeasesRentExpenseNet`	$6.00K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$72.34K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$124.22K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$51.77K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$199.22K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-77.22K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-46.29K	USD	2 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-146.15K	USD	3 Qtrs
Loss From Operations	`IncomeLossFromContinuingOperations`	$-30.32K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$18.33K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.09K	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.69K	USD	3 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-6.09K	USD	2 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-6.69K	USD	3 Qtrs
Total Other Expense	`NonoperatingIncomeExpense`	$-18.33K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-52.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-30.32K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-83.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-164.48K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.82M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.34M	shares	3 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.32M	shares	2 Qtrs
Weighted average number of common shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.30M	shares	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-52.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-30.32K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-83.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-164.48K	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$1.00K	USD	1 Quarter
Contributed capital	`ProceedsFromContributedCapital`	$30.00K	USD	Annual
Contributed capital	`ProceedsFromContributedCapital`	$47.34K	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	$60.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.15K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-37.50K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Increase (decrease) in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	-	USD	3 Qtrs
Increase (decrease) in accrued salary promissory notes	`IncreaseDecreaseInAccruedSalaries`	$89.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$33.68K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$22.64K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.18K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.90K	USD	3 Qtrs
Cash contributed by shareholder	`CashContributedByShareholder`	-	USD	3 Qtrs
Cash contributed by shareholder	`CashContributedByShareholder`	$-1.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00K	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$3.81K	USD	3 Qtrs
Increase in cash during the period	`CashPeriodIncreaseDecrease`	$-1.90K	USD	3 Qtrs
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, beginning of the period	`Cash`	$5.44K	USD	Point-in-time
Cash, beginning of the period	`Cash`	$2.23K	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, end of the period	`Cash`	$5.44K	USD	Point-in-time
Cash, end of the period	`Cash`	$2.23K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	$519.84K	USD	3 Qtrs
Conversion of accrued expenses, accrued rent, accrued salary, accrued interest and convertible debt into common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs

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