10-Q Filing

SIDECHANNEL, INC. CIK: 1022505 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000181`
Period End Date	20121231
Filing Date	20140221
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	nsct-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 50

Balance Sheet 56 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, 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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	4.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	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
Cash	`Cash`	$51.36K	USD	Point-in-time
Cash	`Cash`	$51.98K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$434.00	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
Accounts receivable	`AccountsReceivableNetCurrent`	$4.89K	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
Total current assets	`AssetsCurrent`	$52.41K	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
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$965.39K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$1.02M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	211.99M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.08M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	212.44M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.02M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	211.99M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	212.44M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$185.75K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$229.74K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$13.30K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$159.00K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$25.59K	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$21.76K	USD	Point-in-time
Line of credit	`LineOfCredit`	$65.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.09K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$277.09K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$185.75K	USD	Point-in-time
Preferred stock, $0.01 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding	`PreferredStockValue`	$40.00K	USD	Point-in-time
Preferred stock, $0.01 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 212,438,712 and 211,991,212 issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.12M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 212,438,712 and 211,991,212 issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$801.75K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$832.04K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.02M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$149.36K	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$60.01K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$89.35K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$118.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.95K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$40.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$21.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$158.87K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-69.52K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-46.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$-127.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-127.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
NET LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-46.95K	USD	1 Quarter
NET LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-69.65K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-4.47K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-51.41K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-10.66K	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	210.61M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	212.20M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-51.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.66K	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-4.47K	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.98K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-46.95K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-69.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.01K	USD	1 Quarter
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$33.57K	USD	3 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.06K	USD	1 Quarter
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$185.00	USD	1 Quarter
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$624.00	USD	Annual
Stock issued with licensing agreements	`StockIssuedWithLicensingAgreementsValue`	$4.10K	USD	1 Quarter
Stock issued with licensing agreements	`StockIssuedWithLicensingAgreementsValue`	$2.50K	USD	Annual
Stock issued with licensing agreements	`StockIssuedWithLicensingAgreementsValue`	$1.15K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.45K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.87K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.00K	USD	1 Quarter
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$48.85K	USD	1 Quarter
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.97K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.10K	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-25.59K	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-581.00	USD	1 Quarter
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-21.76K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$112.00K	USD	3 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$31.00K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$5.00K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$55.00K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$68.00K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.42K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.35K	USD	1 Quarter
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$619.00	USD	1 Quarter
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.52K	USD	1 Quarter
CASH, BEGINNING OF YEAR	`Cash`	$77.54K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$11.02K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$51.98K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$77.54K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$11.02K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$51.98K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	$2.80K	USD	1 Quarter
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	-	USD	1 Quarter

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