10-K Filing

SIDECHANNEL, INC. CIK: 1022505 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000721748-13-000671`
Period End Date	20110930
Filing Date	20131010
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	nsct-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 21 Cash Flow Statement 38 Stockholders Equity 29

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$11.02K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Net assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Net assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$2.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.60K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	180.53M	shares	Point-in-time
Proprietary technology	`FiniteLivedIntangibleAssetsNet`	$1.20M	USD	Point-in-time
Proprietary technology	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	165.28M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.20M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	165.28M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	180.53M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.21M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.00K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$21.28K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$180.79K	USD	Point-in-time
Line of Credit	`LineOfCredit`	$44.53K	USD	Point-in-time
Line of Credit	`LineOfCredit`	-	USD	Point-in-time
Net liabilities of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Net liabilities of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Note payable affiliate	`AccountsPayableRelatedPartiesNoncurrent`	$1.20M	USD	Point-in-time
Note payable affiliate	`AccountsPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Total Noncurrent Liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	-	USD	Point-in-time
Total Noncurrent Liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$1.20M	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.79M	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.19M	USD	Point-in-time
Preferred stock, $.10 par value, 4,000,000 shares authorized; none issued and outstanding as of September 30, 2011 and 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.10 par value, 4,000,000 shares authorized; none issued and outstanding as of September 30, 2011 and 2010	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$1.20M	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$105.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$1.81M	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 180,526,879 and 165,276,913 issued and outstanding as of September 30, 2011 and 2010, respectively	`CommonStockValue`	$1.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.79M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.73M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.60K	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
Total operating expenses	`OperatingExpenses`	$340.42K	USD	Annual
Total operating expenses	`OperatingExpenses`	$21.96K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-340.42K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-21.96K	USD	Annual
(LOSS) INCOME BEFORE TAXES AND DISCOUNTED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-340.42K	USD	Annual
(LOSS) INCOME BEFORE TAXES AND DISCOUNTED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-21.96K	USD	Annual
(LOSS) INCOME FROM CONTINUED OPERATIONS	`IncomeLossFromContinuingOperations`	$-21.96K	USD	Annual
(LOSS) INCOME FROM CONTINUED OPERATIONS	`IncomeLossFromContinuingOperations`	$-340.42K	USD	Annual
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$-16.21K	USD	Annual
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$-35.12K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-356.63K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-57.09K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-325.17K	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	Annual
Discontinuing operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Discontinuing operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	180.53M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	165.28M	shares	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-356.63K	USD	Annual
Net Loss	`NetIncomeLoss`	$-57.09K	USD	Annual
Net Loss	`NetIncomeLoss`	$-325.17K	USD	Annual
Discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$35.12K	USD	Annual
Discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$16.21K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$105.00K	USD	Point-in-time
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$143.00K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$38.00K	USD	Point-in-time
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Net assets and liabilities from discontinued operations	`NetAssetsAndLiabilitiesFromDiscontinuedOperations`	$-9.55K	USD	Annual
Net assets and liabilities from discontinued operations	`NetAssetsAndLiabilitiesFromDiscontinuedOperations`	$-23.21K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInContinuingOperations`	$-31.52K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInContinuingOperations`	$-220.63K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	90,000.00	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	137,500.00	shares	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	-	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	90,000.00	shares	3 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	25,000.00	shares	Annual
Advances from affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$159.51K	USD	Annual
Advances from affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$36.00K	USD	Annual
Line of credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$-14.72K	USD	Annual
Line of credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$44.53K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.28K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$229.05K	USD	Annual
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.24K	USD	Annual
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.42K	USD	Annual
CASH, BEGINNING OF PERIOD	`Cash1`	$12.43K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash1`	$2.60K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash1`	$11.02K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$12.43K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$2.60K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$11.02K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Purchase of proprietary technology	`BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsNetEffectOnIncome`	-	USD	Annual
Purchase of proprietary technology	`BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsNetEffectOnIncome`	$1.20M	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.79M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Options expired	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$19.95K	USD	Annual
Common stock issued for back pay of officers, Amount	`DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued`	$35.80K	USD	Annual
Shares issued for compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	4.00M	shares	Point-in-time
Shares issued for compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	28.00M	shares	Annual
Shares issued for compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15.00M	shares	Annual
Shares issued for compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$105.00K	USD	Point-in-time
Shares issued for compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$143.00K	USD	Annual
Shares issued for compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$38.00K	USD	Point-in-time
Shares issued for compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	90,000.00	shares	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	137,500.00	shares	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	-	shares	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	90,000.00	shares	3 Qtrs
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	25,000.00	shares	Annual
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$18.00K	USD	Annual
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$46.00K	USD	Point-in-time
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$250.00K	USD	Annual
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$18.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-356.63K	USD	Annual
Net loss	`NetIncomeLoss`	$-57.09K	USD	Annual
Net loss	`NetIncomeLoss`	$-325.17K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.79M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.73M	USD	Point-in-time

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