10-K Filing

SIDECHANNEL, INC. CIK: 1022505 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0000721748-14-000106`
Period End Date	20140930
Filing Date	20140205
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	nsct-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 40 Cash Flow Statement 74 Stockholders Equity 38

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	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`	$51.36K	USD	Point-in-time
Cash	`Cash`	$51.36K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$8.59K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.89K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.93K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.24K	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
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$1.02M	USD	Point-in-time
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$817.92K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	180.53M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	211.54M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.08M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$834.85K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	211.54M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	180.53M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$361.99K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$229.74K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent`	$35.36K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$159.00K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$13.30K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$25.59K	USD	Point-in-time
Line of credit	`LineOfCredit`	$21.76K	USD	Point-in-time
Line of credit	`LineOfCredit`	$9.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.09K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$407.15K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$277.09K	USD	Point-in-time
Preferred stock, $0.10 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding as of September 30, 2013 and 2012	`PreferredStockValue`	$40.00K	USD	Point-in-time
Preferred stock, $0.10 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding as of September 30, 2013 and 2012	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 214,624,216 and 211,991,212 issued and outstanding as of September 30, 2013 and 2012, respectively	`CommonStockValueOutstanding`	$2.12M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 214,624,216 and 211,991,212 issued and outstanding as of September 30, 2013 and 2012, respectively	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$801.75K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$427.70K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$834.85K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$516.87K	USD	Annual
REVENUE	`Revenues`	$487.70K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$181.74K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$243.47K	USD	Annual
GROSS PROFIT	`GrossProfit`	$273.40K	USD	Annual
GROSS PROFIT	`GrossProfit`	$305.96K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$714.27K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$223.21K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$151.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$208.90K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$929.16K	USD	Annual
Total operating expenses	`OperatingExpenses`	$378.21K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-655.76K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-72.25K	USD	Annual
Interest expense	`InterestExpense`	$392.00	USD	Annual
Interest expense	`InterestExpense`	$1.49K	USD	Annual
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$-1.35K	USD	Annual
Total other (income) expenses	`OtherExpenses`	$1.49K	USD	Annual
Total other (income) expenses	`OtherExpenses`	$-961.00	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-73.73K	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-73.73K	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-654.80K	USD	Annual
INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$392.61K	USD	Annual
INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$23.63K	USD	Annual
INCOME FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$392.61K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-631.17K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$318.88K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$318.88K	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	Annual
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Total	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Total	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	212.80M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	210.46M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-631.17K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$318.88K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$318.88K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$392.61K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$23.63K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$392.61K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-73.73K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-73.73K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-654.80K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$180.01K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$243.47K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$36.63K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$624.00	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$624.00	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$19.30K	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$15.80K	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$19.30K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.89K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$221.88K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.00K	USD	Annual
Net cash (used) provided in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$150.32K	USD	Annual
Net cash (used) provided in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-136.71K	USD	Annual
Purchase of intangible asset	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	-	USD	Annual
Purchase of intangible asset	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	$-11.50K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.50K	USD	Annual
Advances from affiliates	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$7.97K	USD	Annual
Advances from affiliates	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$5.41K	USD	Annual
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-31.00K	USD	Annual
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-188.41K	USD	Annual
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-188.41K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.46K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$11.14K	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-23.11K	USD	Annual
Stock Issued for Cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	217,500.00	shares	Annual
Stock Issued for Cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	190,000.00	shares	Annual
Stock Issued for Cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	68,000.00	shares	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.98K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.44K	USD	Annual
(DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.34K	USD	Annual
(DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-42.77K	USD	Annual
CASH, BEGINNING OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$8.59K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$8.59K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	$204.74K	USD	Annual
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	-	USD	Annual
Accrual of software acquisition costs	`AcquisitionCosts`	$11.50K	USD	Annual
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	Annual
Write-off of debt - related parties	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$1.16M	USD	Annual
Write-off of debt - related parties	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$1.16M	USD	Annual
Write-off of debt - related parties	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$42.14K	USD	Annual
Stock Issued Investment, Value	`StockIssuedDuringPeriodValueOther`	$4.00K	USD	Annual
Stock Issued Investment, Value	`StockIssuedDuringPeriodValueOther`	$4.00K	USD	Annual
Stock Issued Investment, Value	`StockIssuedDuringPeriodValueOther`	$6.00K	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$15.80K	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.50K	USD	Annual
Stock Issued for Software Purchase, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.50K	USD	Annual
Transfer from line of credit to advance from officer	`ReclassificationLiabilitiesCurrenttoNoncurrent`	$25.24K	USD	Annual
Transfer from line of credit to advance from officer	`ReclassificationLiabilitiesCurrenttoNoncurrent`	-	USD	Annual
Common stock issued for settlement of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Common stock issued for settlement of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Common stock issued for settlement of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$801.75K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$427.70K	USD	Point-in-time
Common stock issued for settlement of debt, Shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	30.00M	shares	Annual
Common stock issued for settlement of debt, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Common stock issued for settlement of debt, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Common stock issued for settlement of debt, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Common stock issued for investment, Shares	`StockIssuedDuringPeriodSharesOther`	300,000.00	shares	Annual
Common stock issued for investment, Shares	`StockIssuedDuringPeriodSharesOther`	200,000.00	shares	Annual
Common stock issued for investment, Amount	`StockIssuedDuringPeriodValueOther`	$4.00K	USD	Annual
Common stock issued for investment, Amount	`StockIssuedDuringPeriodValueOther`	$4.00K	USD	Annual
Common stock issued for investment, Amount	`StockIssuedDuringPeriodValueOther`	$6.00K	USD	Annual
Common stock issued for purchase of software, Shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets`	100,000.00	shares	Annual
Common stock issued for purchase of software, Shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets`	500,004.00	shares	Annual
Common stock issued for purchase of software, Amount	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$15.80K	USD	Annual
Common stock issued for purchase of software, Amount	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.50K	USD	Annual
Common stock issued for purchase of software, Amount	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.50K	USD	Annual
Common stock issued for the purchase of billing software, Shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets2`	400,000.00	shares	Annual
Common stock issued for the purchase of billing software, Shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets2`	941,333.00	shares	Annual
Stock Issued for Software Purchase two, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$19.30K	USD	Annual
Stock Issued for Software Purchase two, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$15.80K	USD	Annual
Stock Issued for Software Purchase two, Value	`StockIssuedDuringPeriodValuePurchaseOfAssets2`	$19.30K	USD	Annual
Common stock issued for consulting services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$36.63K	USD	Annual
Common stock issued for consulting services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$624.00	USD	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	217,500.00	shares	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	190,000.00	shares	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	68,000.00	shares	Annual
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$68.00K	USD	Annual
Common stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$143.00K	USD	Annual
Write-off of related party debt	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$1.16M	USD	Annual
Write-off of related party debt	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$1.16M	USD	Annual
Write-off of related party debt	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$42.14K	USD	Annual
Net loss	`NetIncomeLoss`	$-631.17K	USD	Annual
Net loss	`NetIncomeLoss`	$318.88K	USD	Annual
Net loss	`NetIncomeLoss`	$318.88K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$801.75K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$427.70K	USD	Point-in-time

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