10-Q Filing

SIDECHANNEL, INC. CIK: 1022505 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000208`
Period End Date	20130331
Filing Date	20140303
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	nsct-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 68 Cash Flow Statement 64

Balance Sheet 55 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
Cash	`Cash`	$93.15K	USD	Point-in-time
Cash	`Cash`	$11.02K	USD	Point-in-time
Cash	`Cash`	$51.36K	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`	$162.67K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.89K	USD	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
Accounts receivable	`AccountsReceivableNetCurrent`	$1.88K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$164.55K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.24K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$937.43K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$1.02M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.10M	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
TOTAL ASSETS	`Assets`	$1.08M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	211.99M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	213.72M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$282.39K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	211.99M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$229.74K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	213.72M	shares	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	$38.00	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	-	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$25.59K	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`	$159.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$21.76K	USD	Point-in-time
Line of credit	`LineOfCredit`	$65.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$2.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.54K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$277.09K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$284.54K	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; 213,715,712 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; 213,715,712 and 211,991,212 issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$801.75K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$817.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$216.69K	USD	1 Quarter
REVENUES	`Revenues`	$174.21K	USD	2 Qtrs
REVENUES	`Revenues`	$323.57K	USD	1 Quarter
REVENUES	`Revenues`	$216.69K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$60.01K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$60.01K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$121.16K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$156.68K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$202.41K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$113.06K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$156.68K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.48K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$224.45K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$74.43K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$343.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$42.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$42.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$95.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$69.48K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$438.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$279.45K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$116.43K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-235.91K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$40.25K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-166.40K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$87.19K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.10K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$-196.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-69.00	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	$1.35K	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	$1.35K	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	$1.28K	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	$-1.10K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-1.10K	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	$1.16K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$39.15K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-165.11K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$86.09K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-234.76K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$323.87K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.95K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$328.33K	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-38.00	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-175.81K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$363.01K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$363.01K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-175.81K	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$212.47M	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$208.37M	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$210.77M	USD	2 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$212.76M	USD	2 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	2 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	2 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	2 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	2 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-175.81K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$363.01K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$363.01K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-175.81K	USD	1 Quarter
Income from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$323.87K	USD	2 Qtrs
Income from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$58.95K	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$39.15K	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-234.76K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$60.01K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$121.16K	USD	2 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$28.16K	USD	2 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.47K	USD	2 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$184.00	USD	2 Qtrs
Stock issued for license agreements	`StockIssuedWithLicensingAgreementsShares`	1,150.00	shares	2 Qtrs
Stock issued for license agreements	`StockIssuedWithLicensingAgreementsShares`	100,000.00	shares	Annual
Stock issued for license agreements	`StockIssuedWithLicensingAgreementsShares`	9,350.00	shares	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$-1.35K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.21K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$99.77K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.35K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.35K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Advances from officer	`ProceedsFromRelatedPartyDebt`	$18.06K	USD	2 Qtrs
Advances from officer	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$25.59K	USD	2 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$81.28K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.50K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$9.42K	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$22.15K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$55.00K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$141.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.76K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.64K	USD	2 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$82.13K	USD	2 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.31K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$93.15K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$11.02K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$162.67K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$93.15K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$11.02K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$162.67K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	-	USD	2 Qtrs
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	$13.00K	USD	2 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	$23.00K	USD	2 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	2 Qtrs
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	-	USD	2 Qtrs
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	$213.78K	USD	2 Qtrs
Write-off of debt - related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	-	USD	2 Qtrs
Write-off of debt - related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$1.22M	USD	2 Qtrs
Common stock issued for settlement of debt	`RepaymentsOfDebt`	$1.20M	USD	2 Qtrs
Common stock issued for settlement of debt	`RepaymentsOfDebt`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.01K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-719.00	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.64K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs

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