$GLAI
Global AI, Inc.

2023 Q3 Form 10-Q Financial Statement

#000149315223027128 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $2.500K $14.50K $15.00K
YoY Change -83.33% -3.33% -33.33%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $110.7K $16.67K $15.27K
YoY Change 611.9% 9.17% -6.09%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $110.7K $16.67K $15.27K
YoY Change 611.9% 9.17% -6.09%
Operating Profit -$108.2K -$2.174K -$273.00
YoY Change 696.34% -104.38%
Interest Expense $2.800K $3.775K $925.00
YoY Change -391.67% 308.11% 0.0%
% of Operating Profit
Other Income/Expense, Net $2.824K -$3.775K -$925.00
YoY Change 308.11% 0.0%
Pretax Income -$105.3K -$5.950K -$1.200K
YoY Change 6873.51% 395.83% -122.6%
Income Tax
% Of Pretax Income
Net Earnings -$105.3K -$5.949K -$1.198K
YoY Change 6873.51% 396.58% -122.55%
Net Earnings / Revenue -4212.0% -41.03% -7.99%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$44.57
COMMON SHARES
Basic Shares Outstanding 26.92M shares 26.92M shares 26.92M shares
Diluted Shares Outstanding 26.92M shares 26.92M shares 26.92M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $920.00 $7.550K
YoY Change -100.0% -87.81% 75400.0%
Cash & Equivalents $2.00 $924.00 $7.550K
Short-Term Investments
Other Short-Term Assets $1.100K $2.430K $8.890K
YoY Change -78.35% -72.67% 1.6%
Inventory
Prepaid Expenses $1.095K $2.425K $8.890K
Receivables $7.450K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.097K $10.80K $16.44K
YoY Change -93.1% -34.31% -22.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $580.00 $580.00
YoY Change -100.0% 0.0% 0.0%
Total Long-Term Assets $0.00 $578.00 $578.00
YoY Change -100.0% 0.0% -0.34%
TOTAL ASSETS
Total Short-Term Assets $1.097K $10.80K $16.44K
Total Long-Term Assets $0.00 $578.00 $578.00
Total Assets $1.097K $11.38K $17.02K
YoY Change -93.34% -33.15% -22.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.08K
YoY Change
Accrued Expenses $0.00 $14.19K $7.550K
YoY Change -100.0% 87.95% 21.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $94.12K $94.12K
YoY Change -100.0% 0.0% 2.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.08K $108.3K $101.7K
YoY Change -71.67% 6.53% 4.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $29.08K $108.3K $101.7K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $29.08K $108.3K $101.7K
YoY Change -71.67% 6.53% 4.04%
SHAREHOLDERS EQUITY
Retained Earnings -$1.527M -$1.422M -$1.410M
YoY Change 8.23% 0.87%
Common Stock $28.58K $26.92K $26.92K
YoY Change 6.15% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$27.98K -$96.93K -$84.65K
YoY Change
Total Liabilities & Shareholders Equity $1.097K $11.38K $17.02K
YoY Change -93.34% -33.15% -22.08%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$105.3K -$5.949K -$1.198K
YoY Change 6873.51% 396.58% -122.55%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$900.00 -$1.730K -$6.140K
YoY Change -47.98% -71.82% 22.31%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 2.620K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -900.0 -1.730K -6.140K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000 2.620K
Net Change In Cash -900.0 -1.730K -3.520K
YoY Change -47.98% -50.85% -29.88%
FREE CASH FLOW
Cash From Operating Activities -$900.00 -$1.730K -$6.140K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p id="xdx_84E_eus-gaap--UseOfEstimates_zmtOmTtQ4Jeg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zyUrLjcq6uTf">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The financial statements are prepared in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”). These accounting principles require the Company to make certain estimates, judgments and assumptions. The Company believes that the estimates, judgments and assumptions upon which it relies are reasonable based upon information available at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. The financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result. Significant estimates include the valuation allowance on deferred tax assets and collectability of accounts receivable with related party.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Wall Street Media Co, Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to Condensed Unaudited Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June 30, 2023</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
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AllowanceForDoubtfulAccountsReceivableRecoveries
10000 usd
CY2023Q2 us-gaap Notes Payable Current
NotesPayableCurrent
94120 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
94120 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
14188 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
8510 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
3775 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
925 usd
us-gaap Interest Expense
InterestExpense
5678 usd
us-gaap Interest Expense
InterestExpense
2776 usd

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0001493152-23-027128-index-headers.html Edgar Link pending
0001493152-23-027128-index.html Edgar Link pending
0001493152-23-027128.txt Edgar Link pending
0001493152-23-027128-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R2.htm Edgar Link pending
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R5.htm Edgar Link pending
R6.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
wsco-20230630.xsd Edgar Link pending
wsco-20230630_cal.xml Edgar Link unprocessable
wsco-20230630_def.xml Edgar Link unprocessable
wsco-20230630_lab.xml Edgar Link unprocessable
wsco-20230630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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