10-Q/A Filing

SIDECHANNEL, INC. CIK: 1022505 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0000721748-13-000875`
Period End Date	20111231
Filing Date	20131126
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	nsct-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 21 Cash Flow Statement 50

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
Cash	`Cash`	$77.54K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	4.00M	shares	Point-in-time
Cash	`Cash`	$11.02K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	4.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$77.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.02K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Proprietary technology	`FiniteLivedIntangibleAssetsNet`	$1.20M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Proprietary technology	`FiniteLivedIntangibleAssetsNet`	$1.20M	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
TOTAL ASSETS	`Assets`	$2.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.28M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.21M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$14.40K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	210.77M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	180.53M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	210.77M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	180.53M	shares	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$180.79K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$180.21K	USD	Point-in-time
Accounts payables and accrued expenses	`AccountsPayableAndAccruedLiabilitiesFairValueDisclosure`	-	USD	Point-in-time
Accounts payables and accrued expenses	`AccountsPayableAndAccruedLiabilitiesFairValueDisclosure`	$8.87K	USD	Point-in-time
Line of Credit	`LineOfCredit`	$44.53K	USD	Point-in-time
Line of Credit	`LineOfCredit`	$44.53K	USD	Point-in-time
Deferred revenue - current	`DeferredRevenueAndCreditsCurrent`	$12.21K	USD	Point-in-time
Deferred revenue - current	`DeferredRevenueAndCreditsCurrent`	-	USD	Point-in-time
Net liabilities of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Net liabilities of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Deferred revenue - noncurrent	`DeferredRevenueAndCreditsNoncurrent`	-	USD	Point-in-time
Deferred revenue - noncurrent	`DeferredRevenueAndCreditsNoncurrent`	$36.64K	USD	Point-in-time
Note payable affiliate	`AccountsPayableRelatedPartiesNoncurrent`	$1.20M	USD	Point-in-time
Note payable affiliate	`AccountsPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.19M	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.05M	USD	Point-in-time
Preferred stock, $.10 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding as of December 31, 2011 and September 30, 2011	`PreferredStockValue`	$40.00K	USD	Point-in-time
Preferred stock, $.10 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding as of December 31, 2011 and September 30, 2011	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$1.20M	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$105.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$1.81M	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$2.11M	USD	Point-in-time
Common stock, $.01 par value, 650,000,000 shares authorized; 210,769,879 and 180,526,879 issued and outstanding as of December 31, 2011 and September 30, 2011	`CommonStockValue`	$14.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.23M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-769.75K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.97M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.28M	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
Total operating expenses	`OperatingExpenses`	$17.79K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.41K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-17.79K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-51.41K	USD	1 Quarter
(LOSS) INCOME BEFORE TAXES AND DISCOUNTED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-17.79K	USD	1 Quarter
(LOSS) INCOME BEFORE TAXES AND DISCOUNTED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-51.41K	USD	1 Quarter
(LOSS) INCOME FROM CONTINUED OPERATIONS	`IncomeLossFromContinuingOperations`	$-15.04K	USD	1 Quarter
(LOSS) INCOME FROM CONTINUED OPERATIONS	`IncomeLossFromContinuingOperations`	$-46.95K	USD	1 Quarter
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$-2.75K	USD	1 Quarter
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$-4.47K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-52.56K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-51.41K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-17.79K	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Discontinuing operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinuing operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	165.28M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	210.61M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-52.56K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-51.41K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-17.79K	USD	1 Quarter
Discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-2.75K	USD	1 Quarter
Discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$4.47K	USD	1 Quarter
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$38.00K	USD	Point-in-time
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$204.00	USD	1 Quarter
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$105.00K	USD	Point-in-time
Common stock issued for software sales	`SaleOfStockConsiderationReceivedPerTransaction`	$1.15K	USD	1 Quarter
Common stock issued for software sales	`SaleOfStockConsiderationReceivedPerTransaction`	-	USD	1 Quarter
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.87K	USD	1 Quarter
Deferred revenue - current	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	-	USD	1 Quarter
Deferred revenue - current	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$12.21K	USD	1 Quarter
Deferred revenue - noncurrent	`IncreaseDecreaseDeferredRevenueAndCreditsNoncurrent`	$36.64K	USD	1 Quarter
Deferred revenue - noncurrent	`IncreaseDecreaseDeferredRevenueAndCreditsNoncurrent`	-	USD	1 Quarter
Net assets from discontinued operations	`DiscontinuedOperationAmountOfContinuingCashFlowsAfterDisposal`	$-17.65K	USD	1 Quarter
Net assets from discontinued operations	`DiscontinuedOperationAmountOfContinuingCashFlowsAfterDisposal`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInContinuingOperations`	$12.10K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInContinuingOperations`	$-38.19K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	55,000.00	shares	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	137,500.00	shares	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	-	shares	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	25,000.00	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	177,500.00	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	190,000.00	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	90,000.00	shares	3 Qtrs
Advances from affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-581.00	USD	1 Quarter
Advances from affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$10.51K	USD	1 Quarter
Line of credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$27.29K	USD	1 Quarter
Line of credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.42K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.79K	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-400.00	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.52K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`Cash1`	$2.60K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash1`	$77.54K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash1`	$2.20K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash1`	$11.02K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$2.60K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$77.54K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$2.20K	USD	Point-in-time
CASH, END OF PERIOD	`Cash1`	$11.02K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Purchase of proprietary technology	`BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsNetEffectOnIncome`	-	USD	1 Quarter
Purchase of proprietary technology	`BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsNetEffectOnIncome`	-	USD	1 Quarter

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