UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended ~~September~~March 3031, ~~2024~~2025

☐	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _________ to _________

COMMISSION FILE NUMBER 333-163439

Global AI, Inc.

(Exact name of registrant as specified in its charter)

Nevada

26-4170100

(State or other jurisdiction

Of incorporation or organization)

(IRS employer

identification number)

110 Front Street

Suite 300

Jupiter, FL 33477

(Address of principal executive offices, including zip code)

(561) 240-0333

(Registrant’s telephone number, including area code)

Securities Registered pursuant to Section 12(b) of the Act: None

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock par value $0.001		GLAI		OTCQB

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company” and “emerging growth company” in Rule- 12b-2 of the Exchange Act.:

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class		Outstanding at ~~November~~June 1130, ~~2024~~2025
Common stock, $0.001 par value		154,~~312~~898,024

TABLE OF CONTENTS

			Page
PART I - FINANCIAL INFORMATION			1
	Item 1. Financial Statements		1
		Condensed Balance Sheets - Unaudited	1
		Condensed Statements of Operations - Unaudited	2
		Condensed Statement of Changes in Stockholders’ Deficit - Unaudited	3
		Condensed Statements of Cash Flows - Unaudited	54
		Notes to Condensed Financial Statements - Unaudited	65
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		910
	Item 3. Quantitative and Qualitative Disclosure About Market Risk.		13
	Item 4. Controls and Procedures.		13
PART II - OTHER INFORMATION			1314
	Item 1. Legal Proceedings.		1314
	Item 1A. Risk Factors.		1314
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.		1314
	Item 3. Defaults upon Senior Securities.		1314
	Item 4. Mine Safety Disclosures		1314
	Item 5. Other Information.		1314
SIGNATURES			1416

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “can,” “would,” “intend,” “target,” “goal,” “outlook,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “future,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about:

	●	our expectations regarding financial performance and liquidity, including but not limited to our expectations regarding revenue, cost of revenue, operating expenses, stock-based compensation, our ability to achieve and maintain future profitability, and cash flows;
	●	our ability to successfully execute our business and growth strategy;
	●	the sufficiency of our available funds to meet our liquidity needs;
	●	our ability to increase our number of customers and revenue generated from customers;
	●	our expectations regarding the future contribution margin of our existing and future customers;
	●	our ability to compete with existing and new competitors in existing and new markets and products;
	●	our expectations regarding litigation and legal and regulatory matters;
	●	our expectations regarding our ability to meet existing performance obligations and maintain the operability of our products;
	●	our expectations regarding the effects of existing and developing laws and regulations, including with respect to taxation, privacy, data protection, cybersecurity, and artificial intelligence (“AI”);
	●	our expectations regarding new and evolving markets, such as AI;
	●	our ability to develop and protect our brand;
	●	our expectations and management of future growth;
	●	our expectations concerning relationships with third parties, including our customers, partners, and vendors;
	●	our expectations regarding our investments in, and enterprise agreements with, various entities, including special purpose acquisition companies and/or other privately-held or publicly-traded entities;
	●	our ability to maintain, protect, and enhance our intellectual property;
	●	our expectations regarding macroeconomic conditions, including global political and economic uncertainty, heightened interest rates, or monetary policy changes;
	●	the impacts of catastrophic events, including natural disasters, global pandemics, geopolitical tensions, terrorism, or other events beyond our control, on our and our customers’, vendors’, and partners’ respective businesses and the markets in which we and our customers, vendors, and partners operate;
	●	the impacts of the volatility and fluctuations in currency exchange rates, including an increase in the strength of the United States (“U.S.”) dollar, on the costs of our products outside of the U.S. and on customer demand; and
	●	the increased expenses associated with being a public company.

We caution you that the foregoing list may not contain all of the forward-looking statements made in this Quarterly Report on Form 10-Q.

You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on any forward-looking statements contained in this Quarterly Report on Form 10-Q. We cannot assure you that the results, events, and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events, or circumstances could differ materially from those described in such forward-looking statements.

Neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Moreover, the forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this Quarterly Report on Form 10-Q to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, restructurings, joint ventures, partnerships, channel sales relationships, or investments we may make.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Quarterly Report on Form 10-Q, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

GLOBAL AI, INC. AND SUBSIDIARIES

~~Condensed~~CONDENSED ~~Balance~~CONSOLIDATED ~~Sheets~~BALANCE SHEETS

(Unaudited)

	September 30, 2024			December 31, 2023
	March 31,			December 31,
ASSETS
	2025			2024
Current Assets
ASSETS:
Cash	$	13,669		$	183,964
Current Assets:
Prepaid expenses		1,095			1,095
Cash and cash equivalents	$	82,990		$	9,929
Total current assets		14,764			185,059
Restricted deposit		22,862
Total Assets	$	14,764		$	185,059
Accounts receivable, net		20			29,128
Prepaid expenses and other current assets		43,804			-
Total current assets		149,676			39,057
Property and equipment, net		14,546			-
TOTAL ASSETS	$	164,222		$	39,057
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Current Liabilities:
Accounts Payable	$	83,441		$	232,089
Accounts payable	$	449,789		$	299,918
Payroll Taxes Payable		8,109			5,100
Advance payable – related party		8,000			-
Total current liabilities		91,550			237,189
Accrued expenses		151,168			39,031
Total Liabilities		91,550			237,189
Current Tax Liabilities		15,560			-
Commitments and Contingencies (Note 4)		-			-
Total current liabilities		624,517			338,949
Stockholders’ Deficit
TOTAL LIABILITIES		624,517			338,949
Preferred stock, $0.001 par value; 5,000,000 authorized; none issued or outstanding		-			-
STOCKHOLDERS’ DEFICIT:
Common stock, $0.001 par value; 250,000,000 shares authorized; 154,312,024 issued and outstanding at September 30, 2024 and December 31, 2023		154,312			154,312
Common stock, $0.001 par value; 250,000,000 shares authorized; 154,898,024 and 154,348,024 issued and outstanding as of March 31, 2025, and December 31, 2024.		154,898			154,348
Additional paid-in capital		23,~~558~~697,~~286~~698			12,~~844~~598,~~951~~248
Accumulated deficit		(24,~~789~~312,~~384~~891	)		(23,~~051~~052,~~393~~488	)
Total stockholders’ deficit		(76,786	)		(52,130	)
TOTAL STOCKHOLDERS’ DEFICIT		(460,295	)		(299,892	)
Total Liabilities and Stockholders’ Deficit	$	14,764		$	185,059
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	164,222		$	39,057

The accompanying notes are an integral part of these unaudited condensed financial statements.

GLOBAL AI, INC. AND SUBSIDIARIES

~~Condensed~~CONDENSED ~~Statements~~CONSOLIDATED ofSTATEMENTS ~~Operations~~OF OPERATIONS

(Unaudited)

	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	Three Months			Three Months
	For the three months ended						For the nine months ended
	Ended			Ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	March 31,			March 31,
Revenues:
	2025			2024
Contracted services-related party	$	-		$	2,500		$	-		$	34,000
Revenues:
Total Revenues		-			2,500			-			34,000
Revenues	$	35,704		$	-
Operating Expenses:
Cost of revenues		23,293			-
General and administrative		35,421			3,785			321,274			15,537
Gross Profit (Loss)		12,411			-
Professional fees		82,511			106,875			416,717			129,868
Operating expenses:
Total Operating Expenses		117,932			110,660			737,991			145,405
General and administrative expenses		112,387			148,108
Income (Loss) From Operations		(117,932	)		(108,160	)		(737,991	)		(111,405	)
Research and development		522,626
Other Expense
Sales and marketing		37,302
Interest expense – related party		-			2,824			-			(1,893	)
Professional fees		571,873			198,102
Total Other Expense		-			2,824			-			(1,893	)
Total Operating Expenses		1,244,188			346,210
Net income (loss)	$	(117,932	)	$	(105,336	)	$	(737,991	)	$	(113,298	)
LOSS FROM OPERATIONS		(1,231,777	)		(346,210	)
Net income(loss) per share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
OTHER INCOME (EXPENSE):
Weighted average number of common shares - Basic and Diluted		154,312,024			26,922,006			154,312,024			26,922,006
Financial expenses, net		(13,067	)		-
Total Other Income (Expense)		(13,067	)		-
Net loss before taxes		(1,244,844	)		(346,210	)
Income tax provision (benefit)		15,560			-
Net loss	$	(1,260,404	)	$	(346,210	)
Net loss per share, basic and diluted	$	(0.01	)	$	(0.00	)
Weighted average shares outstanding, basic and diluted		154,731,170			154,348,024

The accompanying notes are an integral part of these unaudited condensed financial statements.

GLOBAL AI, INC. AND SUBSIDIARIES

~~Condensed~~CONDENSED ~~Statement~~CONSOLIDATED ofSTATEMENT ~~Changes~~OF inCHANGES ~~Stockholders~~IN STOCKHOLDERS’ ~~Deficit~~EQUITY

~~For the three and nine months ended September 30, 2023~~(Unaudited)

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares		Amount		In Capital		Deficit			Equity
	Shares Issued		Amount		Capital		Deficit			Deficit
	Common Stock				Additional Paid		Accumulated			Total
Balance at December 31, 2022		107,688,024	$	107,688	$	1,217,290	$	(1,413,948	)	$	(88,970	)
	Shares		Amount		In Capital		Deficit			Equity
Net (loss)		-		-		-		(2,012	)		(2,012	)
Balance as of December 31, 2024		154,348,024		154,348		2,598,248		(3,052,488	)		(299,892	)
Balance at March 31, 2023		107,688,024	$	107,688	$	1,217,290	$	(1,415,960	)	$	(90,982	)
Common stock issued in offering		550,000		550		1,099,450		-			1,100,000
Net (loss)		-		-		-		(5,949	)		(5,949	)
Net Loss		-		-		-		(1,260,404	)		(1,260,404	)
Balance at June 30, 2023		107,688,024	$	107,688	$	1,217,290	$	(1,421,909	)	$	(96,931	)
Balance as of March 31, 2025		154,898,024		154,898		3,697,698		(4,312,891	)		(460,295	)
Net (loss)		-		-		-		(105,336	)		(105,336	)
Balance at September 30, 2023		107,688,024	$	107,688	$	1,217,290	$	(1,527,245	)	$	(202,267	)

	Common Stock				Additional Paid		Accumulated			Total
	Shares		Amount		In Capital		Deficit			Equity
Balance at December 31, 2023		154,348,024		154,348		1,844,915		(2,051,393	)		(52,130	)
Balance		154,348,024		154,348		1,844,915		(2,051,393	)		(52,130	)
Cash received from subscription receivable						200,000		-			200,000
Net Loss		-		-		-		(346,210	)		(346,210	)
Balance at March 31, 2024		154,348,024		154,348		2,044,915		(2,397,603	)		(198,340	)
Balance		154,348,024		154,348		2,044,915		(2,397,603	)		(198,340	)

GLOBAL AI., INC.

Condensed Statement of Changes in Stockholders’ Deficit

For the three and nine months ended September 30, 2024

	Common Stock				Additional Paid-in		Accumulated			Total Stockholders’
	Shares Issued		Amount		Capital		Deficit			Deficit
Balance at December 31, 2023		154,312,024	$	154,312	$	1,844,951	$	(2,051,393	)	$	(52,130	)
Cash received from subscription Receivable		-		-		200,000		-			200,000
Net (loss)		-		-		-		(346,210	)		(346,210	)
Balance at March 31, 2024		154,312,024		154,312		2,044,951		(2,397,603	)		(198,340	)
Cash received from subscription Receivable		-		-		373,336		-			373,336
Net (loss)		-		-		-		(273,849	)		(273,849	)
Balance at June 30, 2024		154,312,024		154,312		2,418,287		(2,671,452	)		(98,853	)
Balance		154,312,024		154,312		2,418,287		(2,671,452	)		(98,853	)
Cash received from subscription Receivable		-		-		140,000		-			140,000
Net (loss)		-		-		-		(117,932	)		(117,932	)
Balance at September 30, 2024		154,312,024	$	154,312	$	2,558,286	$	(2,789,384	)	$	(76,786	)
Balance		154,312,024	$	154,312	$	2,558,286	$	(2,789,384	)	$	(76,786	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

GLOBAL AI, INC. AND SUBSIDIARIES

~~Condensed~~CONDENSED ~~Statements~~CONSOLIDATED ofSTATEMENTS ~~Cash~~OF ~~Flows~~CASH FLOWS

(Unaudited)

	For the Nine			For the Nine
	For the three months ended March 31,			For the three months ended March 31,
	Months Ended			Months Ended
	2025			2024
	September 30, 2024			September 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from Operating Activities:
Net loss	$	(1,260,404	)	$	(346,210	)
Net (loss)	$	(737,991	)	$	(113,298	)
Adjustments to reconcile net loss to net cash used in operating activities:
Adjustments to reconcile net income(loss) to net cash provided by (used in) operating activities:
Depreciation expense		389			-
Changes in operating assets and liabilities:
Decrease in accounts receivable related party					5,000
Decrease (Increase) in accounts receivable		29,108			-
Decrease in prepaid expenses		-			753
Decrease (Increase) in prepaid expenses and other current assets		(43,804	)		-
(Decrease) Increase in accounts payable		(148,648	)		27,780
Increase (Decrease) in accounts payable and accrued liabilities		262,009			(26,053	)
Increase in payroll taxes payable		3,009			-
Increase (Decrease) in advance payable – related party		8,000			-
Decrease in accrued interest payable - related party		-			(9,472	)
Increase (Decrease) in current tax liability		15,560			-
Net cash used in operating activities	$	(~~883~~989,~~630~~142	)	$	(89372,~~237~~263	)
Cash flows provided by investing activities
CASH FLOWS FROM INVESTING ACTIVITIES
Repayment of loan proceeds					(94,120	)
Increase in restricted deposit		(22,862	)
Funds received from subscription receivable		713,335			174,285
Purchase of property and equipment		(14,935	)		-
Net cash provided by investing activities		713,335			80,165
Net cash used in investing activities	$	(37,797	)	$	-
Increase (decrease) in cash during the period		(170,295	)		(9,072	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash, beginning of the period		183,964			9,074
Proceeds from sale of common stock		1,100,000			-
Cash, end of the period	$	13,669		$	2
Proceeds from subscription receivable		-			200,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Net cash provided by financing activities	$	1,100,000		$	200,000
Interest paid in cash	$	-		$	-
Net increase (decrease) in cash and cash equivalents		73,061			(172,263	)
Taxes paid in cash	$	-		$	-
Cash and cash equivalents, beginning of the year		9,929			183,964
Cash and cash equivalents, end of the year	$	82,990		$	11,701

The accompanying notes are an integral part of these unaudited condensed financial statements.

Global AI, Inc.

Notes to unaudited Condensed ~~Unaudited~~ Financial Statements

~~September~~March 3031, ~~2024~~2025

Note 1 - Nature of Operations and Summary of Significant Accounting ~~Policies~~

~~Nature~~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 has been involved in developing and searching for artificial intelligence (“AI”)-based products, solutions and services for customers. As part of such efforts, the Company has retained seasoned technology executives and other full and part-time subcontractors to build product and services, review technologies, structure research and development programs, work on go to market (“GTM”) approach and increase engagement with relevant industry players.

The Company acquires, integrates and develops AI-based technology companies and assets (the “Acquisitions”). The Company focuses 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 integrates and further develops 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 engages in efforts 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 centralizes back office administrative functions and takes 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 shares of common stock, $0.001 per share of Global AI, Inc., representing 92.7% of the outstanding shares of the Company’s common stock at such time.

Principles of Consolidation and Basis of Presentation

The consolidated financial statements include the accounts of Global AI Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

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 nine~~ months ended ~~September~~March 3031, ~~2024~~2025, and the financial position as of ~~September~~March 3031, ~~2024~~2025, 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~~2024 included in our Report on Form 10-K as filed with the SEC on ~~March~~June 2915, ~~2024~~2025. The December 31, ~~2023~~2024 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~~all ~~instruments~~highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Cash and cash equivalents are stated at cost, which approximates fair value. The Company ~~had~~did nonot have any cash equivalents atas ~~September~~of 30March 31, ~~2024~~2025, or December 31, ~~2023~~2024.

Restricted deposit

Restricted deposits consist of cash or cash equivalents that are legally or contractually restricted as to withdrawal or use. These restrictions may arise from collateral requirements, lease agreements, letters of credit, customer deposits, or regulatory requirements. Restricted deposits are separately presented on the balance sheet as either current or noncurrent assets, depending on the expected timing of release or use. If the restriction extends beyond one year from the balance sheet date, the deposit is classified as a noncurrent asset. The Company accounts for restricted deposits in accordance with ASC 210-10-45 and ASC 305-10, and such amounts are excluded from cash and cash equivalents in the statement of cash flows unless they are available for general use.

Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is recognized over an asset’s estimated useful life using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred. Depreciation expense for the three months ended March 31, 2025, and 2024 was $389 and $0, respectively, and is included in research and development expenses in the accompanying consolidated statement of operations.

Research and Development Costs

The Company expenses research and development costs as incurred. Research and development activities primarily include the design, development, and testing of new products, technologies, or significant improvements to existing products. Costs incurred in connection with these activities, including salaries and benefits of personnel directly engaged in R&D, materials and supplies used in the development process, third-party development costs, are charged to expenses as incurred.

Research and development costs for the three months ended March 31, 2025, and 2024 were $522,626 and $0, respectively.

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of monies owed to vendors and may contain estimates for services provided but not billed within the normal course of business.

Revenue Recognition

The Company recognizes revenue ~~using~~in ~~the~~accordance ~~five-step~~with ~~revenue~~Financial ~~recognition~~Accounting ~~model~~Standards asBoard ~~prescribed~~(“FASB”) byAccounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”. ~~The~~(“ASC ~~underlying~~606”). ~~principle~~Revenues ofare ~~ASC~~recognized ~~606~~when control is transferred to customers in amounts that areflect ~~business~~the orconsideration ~~other~~the ~~organization~~Company ~~will~~expects ~~recognize~~to ~~revenue~~be entitled to ~~depict~~receive ~~the~~in ~~transfer~~exchange offor ~~promised~~those goods. Revenue recognition is evaluated through the following five steps: (i) identification of the contract, or ~~services~~contracts, with toa ~~customers~~customer; (ii) identification of the performance obligations in anthe ~~amount~~contract; ~~that~~(iii) ~~reflects~~determination ~~what~~of itthe ~~expects~~transaction price; (iv) allocation of the transaction price to ~~receive~~the inperformance ~~exchange~~obligations ~~for~~in the ~~goods~~contract; and (v) recognition of revenue when or ~~services~~as a performance obligation is satisfied.

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”), as issued by the Financial Accounting Standards Board (“FASB”). Under ASC 606, revenue is recognized when control of a promised good or service is transferred to a customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

The Company applies the following five-step model to recognize revenue from contracts with customers:

	1.	Identify the contract(s) with a customer.
	2.	Identify the performance obligations in the contract.
	3.	Determine the transaction price.
	4.	Allocate the transaction price to the performance obligations in the contract; and
	5.	Recognize revenue when (or as) the performance obligation is satisfied.

The Company’s primary revenue is derived from developing and searching for AI based products, solutions, and services for our customers. Revenue is generally recognized over time, typically upon completion of services, which is the point at which control transfers to the customer.

Income Taxes

We utilize ASC 740 “Income Taxes” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income.

The Company recognizes the impact of a tax position in the financial statements only if that position is more likely than not to be sustained upon examination by taxing authorities, based on the technical merits of the position. Our practice is to recognize interest and/or penalties, if any, related to income tax matters in income tax expense.

Stock-Based Compensation

We account for our stock-based compensation under ASC 718 “Compensation - Stock Compensation” using the fair value-based method. Under this method, compensation cost is measured at the grant date based on the value of the award and is recognized over the shorter of the service period or the vesting period of the stock-based compensation. This guidance establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. The Company estimates the fair value of each stock option at the grant date by using the Black-Scholes option pricing model. Determining the fair value of stock-based compensation at the grant date under this model requires judgment, including estimating volatility, employee stock option exercise behaviors and forfeiture rates. The assumptions used in calculating the fair value of stock-based compensation represent the Company’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment.

Segment Information

Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the Company’s chief operating decision maker (“CODM”) and relied upon when making decisions regarding resource allocation and assessing performance. When evaluating the Company’s financial performance, the CODM reviews total revenues, total expenses, and expenses by functional classification, using this information to make decisions on a company-wide basis.

The Company currently operates in one reportable segment pertaining to customer services. The CODM for the Company is the Chief Executive Officer (the “CEO”). The Company’s CEO reviews operating results on an aggregate basis and manages the Company’s operations as a whole for the purpose of evaluating financial performance and allocating resources. Accordingly, the Company has determined that it has a single reportable and operating segment structure. The CEO uses aggregate net loss to allocate resources in the annual budgeting and forecasting process and also uses that measure as a basis for evaluating financial performance regularly by comparing actual results with established budgets and forecasts. The measure of segment assets is reported on the balance sheets as total assets. Segment revenues and expenses are identical to that disclosed in the accompanying statement of operations.

Related Party Transactions

The Company follows ASC 850, “Related Party Disclosures” for the identification of related parties and disclosure of related party transactions. See Note 4 for details of related party transactions.

Basic and Diluted Net Income (Loss) per Common Share

~~Basic~~The Company computes net income (loss) per common share in accordance with Accounting Standards Codification (“ASC”) Topic 260, Earnings Per 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~~diluted, 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 potentially dilutive securities outstanding at ~~September~~March 3031, ~~2024~~2025, or ~~2023~~December 31, 2024.

Recently Issued Accounting Pronouncements

The Company evaluates the impact of newly issued accounting pronouncements by the Financial Accounting Standards Board (“FASB”) and other standard-setting bodies on an ongoing basis, and adopts those that are applicable as of their effective dates.

In December 2023, the FASB issued ASU 2023-09-Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which is intended to enhance the transparency and decision usefulness of income tax disclosures, primarily by amending disclosure requirements for the effective tax rate reconciliation and income taxes paid. ASU 2023-09 should be applied on a prospective basis, and retrospective application is permitted. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its disclosures.

In 2024, the FASB issued guidance, ASU 2024-03, which requires the disaggregated disclosure of certain costs and expenses on an interim and annual basis. The new standard is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027 and can be applied prospectively with the option for retrospective application to all prior periods presented in the financial statements, with early adoption permitted. The Company is currently evaluating the potential impact of adopting this new guidance on its consolidated financial statements and related disclosures.

Note 2 - Going Concern

AsThe ~~reflected in the~~ accompanying ~~condensed~~ financial statements, ~~the~~have ~~Company~~been ~~generated~~prepared on a ~~net~~going ~~loss~~concern ~~of $737~~basis,~~991~~ ~~and~~which ~~used~~contemplates ~~cash~~the inrealization ~~operations~~ of ~~$883,630~~assets ~~for~~and the ~~nine-month~~satisfaction of ~~period~~liabilities ~~ended~~in ~~September~~the ~~30,~~normal ~~2024~~course ~~and~~of ~~has~~business. ~~negative~~For ~~working~~the ~~capital~~three ~~and~~months aended ~~stockholders’~~March ~~deficit of $76~~31,~~786~~ ~~at September 30~~2025, ~~2024. These factors, among others raise substantial doubt about~~ the Company’s ~~ability~~incurred ~~to continue as~~ a ~~going~~ ~~concern~~net ~~for~~loss ~~a period~~ of ~~one~~$1,260,404 and ~~year~~used ~~from~~$989,142 ~~the issuance date~~ of ~~these~~cash ~~financial~~in ~~statements. The Company is actively seeking to combine or merge with another~~ operating ~~company~~activities. ~~There~~As ~~can be no assurance that the level~~ of ~~funding~~March ~~needed~~31, ~~will~~2025, ~~be acquired or that~~ the Company ~~will~~ ~~generate~~had ~~sufficient~~negative ~~revenues~~working tocapital ~~sustain~~of ~~operations~~$474,841 ~~for~~and ~~the~~a ~~next twelve months. The unaudited condensed financial statements do not~~stockholders’ ~~include~~deficit ~~any adjustments that might result from the outcome~~ of ~~this uncertainty~~$460,295. ~~The~~These ~~financial~~conditions ~~statements~~raise dosubstantial ~~not~~doubt ~~include~~about ~~any adjustments relating to~~ the ~~recovery of the recorded assets or the classification of the liabilities that might be necessary should the~~ Company’s ~~be unable~~ability to ~~combine or merge with another operating company and~~ continue as a going concern. Infor ~~addition,~~a period of one year from the ~~Company~~date isthese ~~actively~~financial ~~seeking investor~~statements ~~funding~~are issued.

~~Note~~Management 3is –actively ~~Related~~seeking ~~Party~~investor ~~Transactions~~funding and pursuing strategic alternatives, including a potential merger or combination with another operating company, to improve liquidity and financial position. However, there is no assurance that such funding will be obtained or that any transaction will be completed successfully. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~The~~Note ~~Company~~3 ~~had~~– noPrepaid ~~related~~Expenses ~~party~~and ~~transactions~~Other ~~for~~Current ~~the nine month period ended September 30, 2024.~~Assets

~~Note~~The 4components –of ~~Stockholders’~~prepaid ~~Deficit~~expenses and other current assets at March 31, 2025, and December 31, 2024, consisted of the following:

~~The Company~~Schedule ~~has~~of ~~250,000,000~~Prepaid ~~common stock authorized~~ Expenses and ~~has~~Other ~~154,312,024~~Current ~~shares issued and outstanding at September 30, 2024.~~Assets

In November 2023, the Company entered into subscription agreements with investors to issue 10,000,000 shares of common stock at $0.10 per share. The Company issued the shares but only received $500,000 in funds. During the nine months ended September 30, 2024, The Company received an additional $713,336 in funds related to the subscription agreement and accordingly, recorded the receipt of funds in additional paid-in capital.

	March 31, 2024		December 31, 2024
VAT receivables	$	19,496	$	-
Other receivables and prepaid expenses		24,308		-
Prepaid expenses and other current assets	$	43,804	$	-

On January 29, 2024, the Company executed a 4-for-1 forward stock split. As a result of the forward stock split, every one share of issued and outstanding common stock will be automatically split into four issued and outstanding shares of common stock, without any change in the par value per share. No fractional shares will be issued as a result of the Forward Stock Split. These financial statements have been retrospectively adjusted to reflect the effects of the stock split.

Note 5 – Commitments and Contingencies

From time to time, the company may be involved in asserted claims arising out of our operations in the normal course of business. As of September 30, 2024, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the Company’s results of operations.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

● our expectations regarding financial performance and liquidity, including but not limited to our expectations regarding revenue, cost of revenue, operating expenses, stock-based compensation, our ability to achieve and maintain future profitability, and cash flows; ● our ability to successfully execute our business and growth strategy; ● the sufficiency of our available funds to meet our liquidity needs; ● our ability to increase our number of customers and revenue generated from customers; ● our expectations regarding the future contribution margin of our existing and future customers; ● our ability to compete with existing and new competitors in existing and new markets and products; ● our expectations regarding litigation and legal and regulatory matters; ● our expectations regarding our ability to meet existing performance obligations and maintain the operability of our products; ● our expectations regarding the effects of existing and developing laws and regulations, including with respect to taxation, privacy, data protection, cybersecurity, and artificial intelligence (“AI”); ● our expectations regarding new and evolving markets, such as AI; ● our ability to develop and protect our brand; ● our expectations and management of future growth; ● our expectations concerning relationships with third parties, including our customers, partners, and vendors; ● our expectations regarding our investments in, and enterprise agreements with, various entities, including special purpose acquisition companies and/or other privately-held or publicly-traded entities; ● our ability to maintain, protect, and enhance our intellectual property; ● our expectations regarding macroeconomic conditions, including global political and economic uncertainty, heightened interest rates, or monetary policy changes; ● the impacts of catastrophic events, including natural disasters, global pandemics, geopolitical tensions, terrorism, or other events beyond our control, on our and our customers’, vendors’, and partners’ respective businesses and the markets in which we and our customers, vendors, and partners operate; ● the impacts of the volatility and fluctuations in currency exchange rates, including an increase in the strength of the United States (“U.S.”) dollar, on the costs of our products outside of the U.S. and on customer demand; and ● the increased expenses associated with being a public company.

We caution you that the foregoing list may not contain all of the forward-looking statements made in this Quarterly Report on Form 10-Q.

Note 4 – Advance Payable – Related Party

As of March 31, 2025, and December 31, 2024, the Company had an outstanding balance of $8,000 and $0, respectively, due to funds received from a related party of the Company.

These advance payables carry no interest and do not have a maturity date. The cash proceeds from these advances were used for operating purposes.

Note 5 – Stockholders’ Deficit

As of March 31, 2025, and December 31, 2024, the Company has 250,000,000 authorized shares of common stock, with a par value of $0.001 per share. The Company had 154,898,024 and 154,348,024 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively. Each common share is entitled to one vote.

Shares issued in offering

On January 28, 2025, the Company entered into securities purchase agreements with nine investors, pursuant to which the Company agreed to sell and issue an aggregate of 550,000 shares of common stock, par value $0.001 of the Company at a purchase price of $2.00 per share for aggregate proceeds to the Company of $1,100,000.

Note 6 – Commitments and Contingencies

From time to time, the company may be involved in asserted claims arising out of our operations in the normal course of business. As of March 31, 2025, and December 31, 2024, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the Company’s results of operations.

Note 7 – Subsequent Events

The Company has evaluated subsequent events through June 30, 2025, the date the financial statements were available to be issued. Based on this evaluation, no events have occurred that require disclosure or adjustment to the financial statements as of and for the period ended March 31, 2025.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

~~OVERVIEW~~Company Overview

The Company ~~has~~expects ~~been~~to ~~involved in~~develop ~~developing~~a suite of AI products and ~~searching~~solutions ~~for~~and acquire, integrate and develop artificial intelligence (“AI”)-based technology ~~products~~companies and assets (the “Acquisitions”). The Company intends to focus its Acquisitions on machine and deep learning, generative ~~solutions~~AI, computer vision, natural language processing, and ~~services~~other ~~for~~AI ~~customers~~technologies. AsThe ~~part~~Company focuses on Acquisitions that are ofscalable ~~such~~and ~~efforts~~have revenue models that provide for tangible growth. Once acquired, the Company ~~has~~plans ~~retained~~to ~~seasoned~~integrate ~~technology~~and ~~executives~~further develop the companies and ~~other~~assets ~~full~~acquired ~~and~~in ~~part-time~~the ~~subcontractors~~Acquisitions to ~~build~~increase ~~product~~their existing customer base and further develop their existing products and services~~, review~~. ~~technologies,~~The ~~structure~~Company ~~research~~also plans to “cross-pollinate” knowledge and ~~development~~strategies ~~programs~~derived from each of its Acquisitions with other Acquisitions for the benefit of the Company’s network as a whole. In addition, ~~work~~the onCompany ~~GTM~~plans ~~approach~~to centralize back office administrative functions and ~~increase~~take ~~engagement~~advantage ~~with relevant~~of ~~industry~~cost ~~players~~and revenue synergies across the Acquisitions’ platforms.

In December 2024, the Company formed a dedicated R&D and Innovation Lab which is tasked with developing a suite of AI products and solutions designed to tackle complex challenges and automate processes across industries, leveraging an Agentic-AI approach. Our focus is on building ~~Business~~AI applications and solutions that are secure, scalable, and privacy-centric. The Company initially hired 14 senior AI specialists and software engineers to lead our newly formed R&D and Innovation Lab. This team will drive the development of groundbreaking AI technologies, positioning Global AI at the forefront of enterprise AI innovation.

WeOn ~~are~~December a14, ~~big data company using advanced statistical AI~~2024, ~~machine~~the ~~learning~~Company ~~and~~established ~~natural~~a ~~language~~subsidiary ~~processing~~in ~~techniques~~Israel tonamed ~~deliver~~GL ~~solutions for~~AI ~~institutional~~Ltd. ~~investors~~Further, ~~financial~~in ~~and~~December ~~non-financial companies~~2024, ~~governments~~the ~~and~~Company ~~multilateral~~signed ~~international organizations. Using big~~its ~~data~~first ~~and~~commercial ~~AI,~~contract wewith ~~are~~an ~~able~~enterprise tocustomer ~~perform~~in ~~natural language processing over corpuses drawn from hundreds of thousands of sources and dozens of natural languages~~Israel. ~~We offer bespoke projects and a text analysis platform to our clients.~~

InOn ~~addition~~December 31, we2024, ~~use~~the ~~big~~Company, ~~data~~Tectu Biz Ltd., a company organized under the laws of the State of Israel (“Tectu”), and certain AIshareholders toof ~~develop~~Tectu ~~alternative~~as ~~data~~identified ~~signals~~on ~~for~~Exhibit ~~equity~~A ~~analysts~~thereto (the “Sellers”), entered into that certain Share Purchase Agreement (the “Agreement”) in respect of the purchase by the Company and ~~macro~~sale ~~analysts~~by the Sellers of the entire share capital of Tectu compromising of 4,000,000 ordinary shares of Tectu (“Tectu Shares”), each having a nominal value of 0.01 WeNew ~~produce~~Israel Shekels, ~~big~~free ~~data~~and clear from any and all encumbrances (the “Share Purchase”). Immediately following the consummation of the AIclosing of the Share Purchase, the Company shall hold one hundred percent (100%) of the issued and outstanding share capital of Tectu on a fully-~~drive~~diluted ~~alternative~~basis. ~~data~~As consideration for the Share Purchase, the Company shall pay the Sellers at closing a total combined amount (or value) of (i) $490,000 in cash (subject to ~~measure~~certain ~~Environmental~~provisions in respect of identified loan payments); and (ii) $510,000 ~~Social~~in either cash or 255,000 shares of common stock of the Company, par value $0.001, with each share having an agreed upon fixed value of $2.00 (or a combination thereof, as determined by the Company at its sole discretion); totaling to $1,000,000, which constitutes the equity value of the Company on a cash-free/debt-free basis as of December 31, 2024. The Agreement provides for certain representations, covenants and ~~Governance~~indemnification obligations that are customary for these types of transactions. Further, the closing of the Share Purchase is subject to certain conditions to closing, including but not limited to the delivery by Tectu to the Company of certain audited financial statements of Tectu for the fiscal years ending December 31, 2023 and December 31, 2024 by a Public Company Accounting Oversight Board (“~~ESG~~PCAOB”) ~~risks~~qualified auditor (which is reasonably acceptable to the Company) in accordance with PCAOB standards. In connection with the Closing of the Share Purchase, the Company expects to enter two additional agreements: (i) certain employment agreements with the Sellers; and ~~deliver~~(ii) oncertain option agreements as part of the ~~sustainable~~Company’s ~~development~~equity incentive plan in respect ~~goals~~of the receipt of options or other restricted securities by certain holders of options to purchase Global AI Inc Shares (~~“SDGs”~~amounting together to an aggregate number of 5,745,000 options to purchase shares of common stock of the Company under terms to be agreed).

WeBusiness believe that the biggest challenge with delivering on the SDGs is not a lack of capital, but rather a lack of data. Clear, accurate data is necessary to benchmark progress on the SDGs and inform policymaking, corporate strategy and investing. The lack of data creates enormous obstacles to align policymaking with sustainable economic development and mobilize institutional capital to where investments are most needed to progress on the SDGs.Strategy

~~While~~The weCompany ~~may~~is ~~lack~~developing ~~official~~a ~~reporting~~suite ~~mechanisms,~~of ~~our~~AI ~~world~~products ~~today~~designed ~~has~~to atackle ~~deluge~~complex ofchallenges ~~data.~~and ~~With~~automate ~~all~~processes ofacross ~~the data available from corporations~~industries, ~~nongovernmental~~leveraging ~~organizations~~an ~~(“NGOs”),~~Agentic-AI approach and ~~other~~broadly ~~open~~target ~~data~~acquisitions ~~sources,~~that wemeet ~~believe~~its ~~that~~target itmetrics isfor ~~time~~scalability toand ~~create~~revenue ~~processes~~growth. ~~for~~The ~~certifying~~Company ~~unofficial~~offers ~~data~~an asalternative ~~official~~to ~~data.~~traditional ~~Further,~~venture wecapital ~~believe~~investments ~~that~~in ~~corporate~~the ~~partnerships~~sector ~~are~~and ~~particularly~~provides ~~crucial~~entrepreneurs inand ~~achieving~~founders ~~this~~with ~~goal.~~the ~~Private~~ability ~~sector~~to grow ~~collaboration~~and ~~can~~scale ~~close~~their ~~gaps~~AI intechnology ~~official~~businesses ~~data,~~while ~~offset~~benefiting from the ~~critical~~knowledge ~~funding~~of ~~gaps~~other ~~for~~entrepreneurs ~~tracking~~in ~~SDG metrics, and support~~ the ~~public~~Company’s ~~good~~network. The byCompany ~~enabling~~has a ~~society~~strong topipeline ~~benchmark~~of ~~the~~potential ~~SDGs~~Acquisitions sourced by ~~making~~the ~~use~~team, ofwho ~~all~~has ~~available~~extensive ~~data~~experience ofin ~~quality~~AI technology.

~~Our NGO~~Once acquired, the ~~Global~~ ~~Algorithmic~~Company ~~Institute~~plans ~~(“GAI”),~~on ~~is using~~assisting ~~our~~each ~~big~~portfolio ~~data~~Acquisition ~~and~~with ~~AI intellectual property and technology to provide the United Nations and~~ its ~~member~~sales ~~countries with data in order to know how well companies, countries~~ and ~~regions~~marketing ~~are~~strategy performing on delivering the SDGs and where capital needs to be mobilized. More specifically, our data helps countries know where and how they need to reallocate capital to where it is needed most to achieve the SDGs. Further, GAI’s work provides a basis for ~~the~~its ~~United~~specific ~~Nation’s~~products ~~annual SDG Report~~ and ~~the Secretary General’s Report on the private~~ ~~sector’s progress on sustainability, including economic, environmental, social as well institutional and governance, dimensions, and its contributions to the SDGs~~services.

In using the most advanced AI technologies, machine learning and natural language processing (“NLP”), our innovative technology enables us to uncover hidden sustainability and non-financial risks. Our short-term and long-term ESG/SDG indicators provide important insights for institutional investors. In addition, we offer Sentiment, Stress/Risk indicators, leading volatility signals, Equity Factors, and custom Big Data and AI solutions for institutional investors, including:10

● ESG & SDG Scores, Benchmarks, Indices, Signals and Ratings, including short-term, long-term, volume, dispersion and momentum signals; ● SDG Scores for each of the 17 SDGs as well as a company total SDG score; ● Enable ESG/SDG-tilted strategies and thematic investments; ● Optimize risk-return-impact decisions across equity and bonds; ● Equity and Bond ESG/SDG screening & attribution; ● Compare your ESG/SDG exposure and risks across portfolios and benchmark against ESG/SDG Indices; and ● Advanced text analytics & insights, including word clouds.

Sustainable Development

The Company focuses on the role of the private sector in achieving the sustainable development goals of ending poverty, protecting the planet and ensuring that all people enjoy peace and prosperity by 2030. GAI aggregates firm-level, private sector data, and identify where the private sector should mobilize its resources, know-how and capital to achieve the SDGs.

Our work advances the reporting requirements of SDG target 12.6, which requires United Nations Member States to encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle. Our dataset is the only proxy available for governments to produce the data called for under SDG target 12.6 to measure the private sector’s alignment with the SDGs at the country, regional and global level for policy purposes. Ours are the first AI-driven data to inform policy, strategy, and investment decision-making at the national level. Benchmarking progress on the SDGs requires harmonizing corporate reporting on sustainability targets across industries and countries. This is why GAI is proud to focus on SDG indicator 12.6.1, which is the only SDG indicator uniquely focused on the private sector’s alignment with the SDGs at the country, regional and global level for policy purposes.

The current lack of SDG data for policy-making, corporate strategy, and investing severely constrains the ability of public and private stakeholders to make SDG-driven decisions. This creates enormous obstacles to align policy-making with sustainable economic development and mobilize the institutional capital to where those investments are most needed at the scale required to close the annual $2.5 trillion SDGs financing gap. We believe that only with high-quality data can companies better align themselves with the SDGs, and motivate investors to mobilize capital from billions to trillions to deliver on the SDGs.

GAI has implemented an SDG Infrastructure Projects-Investors Matchmaking Platform designed to systematically match infrastructure projects with institutional investors. The system uses machine learning with a data-driven approach to promote the mobilization of private investment for the SDGs. It is designed to help close the multi-trillion dollar financing gap required to reach the SDGs.

Macroeconomic Trends

As a corporation with a global presence, we are subject to risks and uncertainties caused by significant events with macroeconomic impacts, including, but not limited to, geopolitical tensions, heightened interest rates, monetary policy changes, and foreign currency fluctuations. Additionally, these macroeconomic impacts have disrupted, and may continue to disrupt, the operations of our customers and prospective customers. We continuously monitor the direct and indirect impacts of these circumstances on our business and financial results, as well as the overall global economy and geopolitical landscape.

Geopolitical Tensions

Our business operations are subject to interruption by events that are beyond our control, including geopolitical tensions. We continue to closely monitor the impact of various geopolitical tensions and their global impacts on our business. While the ongoing Russia-Ukraine and Israel conflicts are still evolving and the outcomes remain highly uncertain, we do not expect that the resulting challenging macroeconomic conditions will have a material impact on our business or results of operations.

Foreign Currency Exchange Rates

Exchange rates are subject to significant and rapid fluctuations due to a number of factors, including interest rate changes, monetary policy changes, and political and economic uncertainty which may adversely affect our results of operations or financial position.

Customer Impacts

Current macroeconomic conditions have impacted, and may continue to adversely impact, our customers’ businesses, particularly our early- and growth-stage customers. Relationships with early- or growth-stage customers carry inherent risks because, among other things, such customers may be unable to generate sufficient revenues or profitability or to access any necessary financing or funding in a timely manner or on favorable terms to them in the current macroeconomic environment, which has impacted, and may continue to impact, our expected revenue and collections. As a result, current macroeconomic conditions have impacted, and may continue to impact, our ability to realize the full value of our commercial contracts with such early- or growth-stage customers.

Recent Events

OnThe ~~May~~Company 7,has ~~2024,~~evaluated ~~Abhinav~~subsequent ~~Somani~~events ~~resigned~~through asJune ~~President~~30, ~~and~~2025, ~~Chief~~the ~~Executive~~date ~~Officer~~the offinancial ~~the~~statements ~~Company~~were available to be issued. ~~Nevenka~~Based ~~Cresnar~~on this ~~Pergar~~evaluation, ~~the~~no ~~Chairperson of~~events ~~the~~have ~~board~~occurred ofthat ~~directors~~require ofdisclosure ~~the~~or ~~Company~~adjustment (to the ~~“Board”)~~financial isstatements ~~acting~~ as ~~President~~of and ~~Chief~~for ~~Executive~~the ~~Officer~~period ~~until a replacement~~ended isMarch ~~found~~31, 2025.

On May 7, 2024, Sebastian Holl notified the Board of his resignation as a member of the Board. Neither Mr Somani nor Mr. Holl’s resignation was the result of any dispute or disagreement with the Company or the Board on any matter relating to the operations, policies or practices of the Company.

CRITICAL ACCOUNTING POLICIES

In response to the Securities and Exchange Commission’s (the “SEC”) financial reporting release, FR-60, Cautionary Advice Regarding Disclosure About Critical Accounting Policies, the Company has selected its more subjective accounting estimation processes for purposes of explaining the methodology used in calculating the estimate, in addition to the inherent uncertainties pertaining to the estimate and the possible effects on the Company’s financial condition. These accounting estimates are discussed below. These estimates involve certain assumptions that if incorrect could create a material adverse impact on the Company’s results of operations and financial condition

Revenue Recognition

The Company ~~recognized~~recognizes revenue ~~using~~in ~~the~~accordance ~~five-step~~with ~~revenue~~Financial ~~recognition~~Accounting ~~model~~Standards asBoard ~~prescribed~~(“FASB”) byAccounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”. ~~The~~(“ASC ~~underlying~~606”). ~~principle~~Revenues ofare ~~new~~recognized ~~standard~~when control is transferred to customers in amounts that areflect ~~business~~the orconsideration ~~other~~the ~~organization~~Company ~~will~~expects ~~recognize~~to ~~revenue~~be entitled to ~~depict~~receive in exchange for those goods. Revenue recognition is evaluated through the ~~transfer~~following offive ~~promised~~steps: ~~goods~~(i) oridentification ~~services~~of tothe ~~customers~~contract, inor ancontracts, with ~~amount~~a ~~that~~customer; ~~reflects~~(ii) ~~what~~identification itof ~~expects~~the toperformance ~~receive~~obligations in ~~exchange~~the ~~for~~contract; (iii) determination of the ~~goods~~transaction price; (iv) orallocation ~~services.~~of ~~The~~the ~~Company~~transaction ~~adopted~~price to the ~~standard~~performance ~~using~~obligations in the ~~modified~~contract; ~~retrospective~~and ~~method~~(v) ~~and~~recognition ~~the~~of ~~adoption~~revenue ~~did~~when ~~not~~or ~~have~~as a ~~material impact~~performance onobligation ~~its~~is ~~financial statements~~satisfied.

The Company applies the following five-step model to recognize revenue from contracts with customers:

	1.	Identify the contract(s) with a customer.
	2.	Identify the performance obligations in the contract.
	3.	Determine the transaction price.
	4.	Allocate the transaction price to the performance obligations in the contract; and
	5.	Recognize revenue when (or as) the performance obligation is satisfied.

RESULTS OF OPERATIONS

FOR THE THREE MONTHS ENDED ~~SEPTEMBER~~MARCH 3031, ~~2024~~2025 COMPARED TO THE THREE MONTHS ENDED ~~SEPTEMBER~~MARCH 3031, ~~2023~~2024

Revenue: The Company’s revenues ~~decreased~~increased by approximately 100% to $035,704 during the three months ended ~~September~~March 3031, ~~2024~~2025, as compared to to $~~2,500~~0 for the three months ended ~~September~~March 3031, ~~2023 due to a decrease in consulting services provided~~2024.

Operating Expenses: The Company’s operating expenses increased by approximately 7259% to $~~117~~1,~~932~~244,188 during the three months ended ~~September 30~~March 31, ~~2024~~2025, as compared to $~~110~~346,~~160~~210 for the three months ended ~~September~~March 3031, ~~2023~~2024, primarily due to an increase in ~~general~~professional fees expense and ~~administrative~~ research and development expenses.

Loss from operations: The Company’s loss from operations increased approximately 9256% to $~~117~~1,~~932~~231,777 during the three months ended ~~September 30~~March 31, ~~2024~~2025, from a loss from operations of $~~108~~346,~~160~~210 for the three months ended ~~September~~March 3031, ~~2023~~2024. The primary reason for this was due to an increase in ~~general~~professional fees expense and ~~administrative~~research and development expenses.

~~FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 COMPARED TO THE NINE MONTHS ENDED SEPTEMBER 30, 2023~~12

Revenue: The Company had no revenue for the nine months ended September 30, 2024 and $34,000 for the nine months ended September 30,2023.

Operating Expenses: The Company’s operating expenses increased by approximately 408% to $737,991 during the nine months ended September 30, 2024 as compared to $145,405 for the nine months ended September 30, 2023 primarily due to an increase in professional fees expense.

Net loss from operations: The Company’s net loss from operations increased approximately 562% to $737,991 during the nine months ended September 30, 2024 from a net loss from operations of $111,405 for the nine months ended September 30, 2023. The primary reason for this was due to an increase in professional fees expense.

LIQUIDITY AND CAPITAL RESOURCES

Net cash used in operating activities was $~~883~~989,~~630~~142 for the ~~nine~~three months ended ~~September~~March 3031, ~~2024~~2025, as compared to $89372,~~237~~263 for the ~~nine~~three months ended ~~September~~March 3031, ~~2023~~2024. The increase was primarily due to the increases in research and development and professional fees expense.

As of ~~September~~March 3031, ~~2024~~2025, the Company had $1382,~~669~~990 in cash and cash equivalents. The Company has sustained losses from operations, and such losses are expected to continue. The Company’s auditors have included a “Going Concern Qualification” in their report for the year ~~ended~~ ended December 31, ~~2023~~2024. In addition, the Company has a working capital deficit at ~~September~~March 3031, ~~2024~~2025, of $76474,~~786~~841 with minimal revenues. ~~The~~ The foregoing raises substantial doubt about the Company’s ability to continue as a going concern. The Company is actively ~~seeking~~ seeking to combine or merge with another operating company. There can be no assurance that the level of funding needed will be acquired or that the Company will generate sufficient revenues to sustain operations for the next twelve months. The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources, that is material to investors.

Item 3. Quantitative and Qualitative Disclosure About Market Risk.

Not applicable to smaller reporting companies.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation required by Rule 13a-15(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), under the supervision and with the participation of our management, including our Chief Executive Officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined in Exchange Act Rule 13a–15(e). Disclosure controls and procedures are designed with the objective of ensuring that (i) information required to be disclosed in an issuer’s reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms and (ii) information is accumulated and communicated to management, including our Chief Executive Officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosures.

The evaluation of our disclosure controls and procedures included a review of our objectives and processes and effect on the information generated for use in this report. This type of evaluation is done quarterly so that the conclusions concerning the effectiveness of these controls can be reported in our periodic reports filed with the SEC. We intend to maintain these controls as processes that may be appropriately modified as circumstances warrant.

Based on their evaluation, our Chief Executive Officer and principal financial officer has concluded that our disclosure controls and procedures are not effective in timely alerting our Chief Executive Officer and principal financial officer to material information which is required to be included in our periodic reports filed with the SEC as of the end of the period covering this annual report on Form 10-K.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings.

~~None~~From time to time, we are involved in various claims and legal actions arising in the ordinary course of business. To the knowledge of our management, there are no legal proceedings currently pending against us which we believe would have a material effect on our business, financial position or results of operations and, to the best of our knowledge, there are no such legal proceedings contemplated or threatened.

Item 1A. Risk Factors.

~~Not~~As ~~applicable~~a to smaller reporting ~~companies~~company, the Company is not required to disclose material changes to the risk factors that were contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as updated from time to time.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults upon Senior Securities.

~~None~~Not applicable.

Item 4. Mine Safety Disclosures

Not ~~Applicable~~applicable.

Item 5. Other Information.

(a) None.

(b) There have been no material changes to the procedures by which security holders may recommend nominees to the Company’s Board of Directors since the Company last provided disclosure in response to the requirements of Item 407(c)(3) of Regulation S-K.

(c) During the registrant’s last fiscal quarter, no director or officer adopted or terminated: (i) any contract, instruction or written plan for the purchase or sale of securities of the registrant intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”); and/or (ii) any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K .

Item 6. Exhibits

(a) Exhibits

EXHIBIT NO.		DESCRIPTION
Exhibit No.		Exhibit Type
31.1		Section 302 Certification of Principal Executive Officer and Principal Financial Officer
3.1		Amended and Restated Articles of Incorporation of Global AI, Inc., dated October 24, 2023 (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed with the Commission on October 30, 2023).
32.1		Section 906 Certification
3.2		Certificate of Amendment of the Amended and Restated Certificate of Incorporation of Global AI, Inc., dated January 29, 2024 (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed with the Commission on January 31, 2024).
101. INS*		Inline XBRL Instance Document
3.3		Bylaws of the registrant (incorporated by reference to Exhibit 3.2 to the registrant’s registration statement on Form S-1 (File No. 333-163439) filed with the Commission on December 2, 2009).
101.SCH*		Inline XBRL Taxonomy Extension Schema Document
10.1		Promissory Note dated November 24, 2014 made by the registrant in favor of Landmark Pegasus, Inc. (incorporated by reference to Exhibit 10.1 to the registrant’s Current Report on Form 8-K filed with the Commission on November 25, 2014).
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document
10.2		Indemnification Agreement between the registrant and Jeffrey A. Lubchansky (incorporated by reference to Exhibit 10.1 to the registrant’s Q uarterly Report on Form 10-Q for the quarter ended March 31, 2016).
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document
10.3		Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the registrant’s Current Report on Form 8-K filed with the Commission on November 24, 2023).
101.LAB*		Inline XBRL Taxonomy Extension Labels Linkbase Document
10.4		Share Purchase Agreement, dated as of December 31, 2024, by and among the registrant, Tectu Biz Ltd. and certain of its shareholders as identified therein (incorporated by reference to Exhibit 10.1 of the registrant’s Current Report on Form 8-K filed with the Commission on January 7, 2025).
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document
31.1		Certification of Principal Executive and Financial Officer (Section 302)
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
32.1		Certification of Principal Executive and Financial Officer (Section 906)
101.INS*		Inline XBRL Instance
101.SCH*		Inline XBRL Taxonomy Extension Schema
101.CAL*		Inline XBRL Taxonomy Extension Calculation
101.DEF*		Inline XBRL Taxonomy Extension Definition
101.LAB*		Inline XBRL Taxonomy Extension Labels
101.PRE*		Inline XBRL Taxonomy Extension Presentation
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Global AI, Inc.
Date: November 14, 2024	By:	/s/ Nevenka Cresnar Pergar
Date: June 30, 2025	By:	/s/ Nevenka Cresnar Pergar
		Nevenka Cresnar Pergar
		Acting President and Chief Executive Officer (principal executive officer and principal financial officer)

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