$GLAI

Wall Street Media Co, Inc.

CIK:0001473490|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Revenue	$ 115,724	$ 84,328	$ 160,471	$ 120,032
Cost of revenues (exclusive of amortization shown separately below)	33,278	41,703	64,727	64,996
Gross margin (exclusive of amortization shown separately below)	82,446	42,625	95,744	55,036
Operating expenses:
Amortization of capitalized research and development costs	342,910		648,323
General and administrative expenses	239,632	148,224	433,405	260,611
Research and development	68,353		116,175
Sales and marketing	152,811	33,946	333,431	71,248
Professional fees	63,815	338,694	144,471	910,568
Stock-based compensation	23,888		23,888
Total Operating Expenses	891,409	520,864	1,699,693	1,242,427
LOSS FROM OPERATIONS	(808,963)	(478,239)	(1,603,949)	(1,187,391)
OTHER INCOME (EXPENSE):
Financial expenses, net	(8,397)	(10,887)	9,441	(23,954)
Total Other Income (Expense)	(8,397)	(10,887)	9,441	(23,954)
Net loss before taxes	(817,360)	(489,126)	(1,594,508)	(1,211,345)
Income tax provision (benefit)		14,357		29,917
Net loss	$ (817,360)	$ (503,483)	$ (1,594,508)	$ (1,241,262)
Common Class A [Member]
OTHER INCOME (EXPENSE):
Net loss per share, basic	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)
Net loss per share, diluted	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average shares outstanding, basic	154,898,024	154,898,024	154,898,024	154,815,524
Weighted average shares outstanding, diluted	154,898,024	154,898,024	154,898,024	154,815,524
Common Class B [Member]
OTHER INCOME (EXPENSE):
Net loss per share, basic	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)
Net loss per share, diluted	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average shares outstanding, basic	154,898,024	154,898,024	154,898,024	154,815,524
Weighted average shares outstanding, diluted	154,898,024	154,898,024	154,898,024	154,815,524

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,594,508)	$ (1,241,262)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of capitalized research and development costs	648,323
Depreciation expense	20,686	1,434
Stock-based compensation	23,888
Changes in operating assets and liabilities:
Decrease (Increase) in accounts receivable	(11,958)	2,386
Decrease in prepaid expenses	(20,700)	(35,104)
Increase in accounts payable and accrued liabilities	529,568	621,463
Increase in deferred revenues	41,681
Increase in current tax liability	170
Net cash used in operating activities	(362,850)	(651,083)
CASH FLOWS FROM INVESTING ACTIVITIES
Capitalization of research and development costs	(1,045,572)	(1,135,860)
Increase in restrictive deposit		(25,208)
Increase in long-term deposit	(10,858)
Purchase of property and equipment	(38,099)	(17,270)
Net cash used in investing activities	(1,094,529)	(1,178,338)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		1,100,000
Increase in advance payable - related party	1,420,738	762,924
Net cash provided by financing activities	1,420,738	1,862,924
Net (decrease) increase in cash	(36,641)	33,503
Cash, beginning of period	77,200	9,929
Cash, end of period	$ 40,559	$ 43,432

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash	$ 40,559	$ 77,200
Accounts receivable	136,736	124,778
Prepaid expenses	134,365	113,665
Total current assets	311,660	315,643
Long-term deposit	11,561	703
Property and equipment, net	84,810	67,397
Capitalized research and development costs, net	4,062,206	3,664,957
TOTAL ASSETS	4,470,237	4,048,700
Current Liabilities:
Deferred revenue	140,613	98,932
Accrued expenses	181,700	231,128
Current Tax Liabilities	43,207	43,037
Total current liabilities	7,865,628	5,873,471
TOTAL LIABILITIES	7,865,628	5,873,471
STOCKHOLDERS’ DEFICIT:
Additional paid-in capital	3,468,253	3,444,365
Accumulated deficit	(7,018,542)	(5,424,034)
TOTAL STOCKHOLDERS’ DEFICIT	(3,395,391)	(1,824,771)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	4,470,237	4,048,700
Common Class A [Member]
STOCKHOLDERS’ DEFICIT:
Common stock, value	114,898	114,898
Common Class B [Member]
STOCKHOLDERS’ DEFICIT:
Common stock, value	40,000	40,000
Nonrelated Party [Member]
Current Liabilities:
Advance payable – related party	1,170,100	591,104
Related Party [Member]
Current Liabilities:
Advance payable – related party	$ 6,330,008	$ 4,909,270