| Nature of Operations and Summary of Significant Accounting Policies | Note
1 - Nature of Operations and Summary of Significant Accounting Policies Nature
of Operations Global
AI was organized as Mycatalogsonline.com, Inc. in the state of Nevada on January 6, 2009. In April 2009, the Company changed its name
to My Catalogs Online, Inc. In November 2012, the Company changed its name to Bright Mountain Holdings, Inc. In August 2013, the Company
changed its name to Wall Street Media Co, Inc. and in October 2023 the Company changed its name to Global AI, Inc. The
Company expects to acquire, integrate and develop artificial intelligence (“AI”)-based technology companies and assets (the
“Acquisitions”). The Company intends to focus its Acquisitions on machine and deep learning, generative AI, computer vision,
natural language processing, and other AI technologies. The Company focuses on Acquisitions that are scalable and have revenue models
that provide for tangible growth. Once acquired, the Company plans to integrate and further develop the companies and assets acquired
in the Acquisitions to increase their existing customer base and further develop their existing products and services. The Company also
plans to “cross-pollinate” knowledge and strategies derived from each of its Acquisitions with other Acquisitions for the
benefit of the Company’s network as a whole. In addition, the Company plans to centralize back office administrative functions
and take advantage of cost and revenue synergies across the Acquisitions’ platforms. On
September 12, 2023, Ingenious Investment AG purchased, from their own funds, from existing shareholders of the Company, in a series of
private transactions, a total of 24,944,466 0.001 92.7 Basis
of Presentation The
interim unaudited condensed financial statements included herein have been prepared by the Company, pursuant to the rules and regulations
of the Securities and Exchange Commission (the “SEC”). In the opinion of the Company’s management, all adjustments
(consisting of normal recurring adjustments and reclassifications and non-recurring adjustments) necessary to present fairly the results
of operations and cash flows for the three and six months ended March 31, 2024, and the financial position as of March 31, 2024, have
been made. The results of operations for such interim periods are not necessarily indicative of the operating results to be expected
for the full year. Certain information and disclosures normally included in the notes to the annual financial statements have been condensed
or omitted from these interim condensed financial statements. Accordingly, these unaudited interim condensed financial statements should
be read in conjunction with the Audited Financial Statements and Notes thereto as of and for the year ended December 31, 2023 included
in our Report on Form 10-K as filed with the SEC on March 29, 2024. The December 31, 2023 balance sheet is derived from those financial
statements. Use
of Estimates 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. Cash
and Cash Equivalents The
Company considers financial instruments with original maturities of three months or less to be cash equivalents. The Company had no Revenue
Recognition The
Company recognizes revenue using the five-step revenue recognition model as prescribed by ASC 606, “Revenue from Contracts with
Customers”. The underlying principle of ASC 606 is that a business or other organization will recognize revenue to depict the transfer
of promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. Basic
and Diluted Net Income (Loss) per Common Share Basic
net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding
during the period. Diluted net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number
of common shares outstanding for the period and, if dilutive, potential common shares outstanding during the period. Potentially dilutive
securities consist of the incremental common shares issuable upon exercise of common stock equivalents such as stock options and convertible
debt instruments. Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. There were no |
