10-Q/A Filing

SIDECHANNEL, INC. CIK: 1022505 Q3 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0000721748-14-000213`
Period End Date	20130630
Filing Date	20140305
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	nsct-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 77 Cash Flow Statement 68

Balance Sheet 57 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`	$11.02K	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`	$167.05K	USD	Point-in-time
Cash	`Cash`	$51.36K	USD	Point-in-time
Cash	`Cash`	$99.81K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.89K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.76K	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
Assets attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent`	$16.70K	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
Assets attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent`	-	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
Total current assets	`AssetsCurrent`	$56.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.27K	USD	Point-in-time
Proprietary technology, net	`FiniteLivedIntangibleAssetsNet`	$879.08K	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 Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	213.72M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	211.99M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.08M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.00M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	211.99M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	213.72M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$229.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$327.51K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$159.00K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$13.30K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	$25.59K	USD	Point-in-time
Advances from officers	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent`	$15.60K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$65.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$21.76K	USD	Point-in-time
Line of credit	`LineOfCredit`	$5.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$348.11K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$348.11K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$277.09K	USD	Point-in-time
Preferred stock, $0.01 par value, 4,000,000 shares authorized; 4,000,000 shares issued and outstanding	`PreferredStockValue`	$40.00K	USD	Point-in-time
Preferred stock, $0.01 par value, 4,000,000 shares authorized; 4,000,000 shares issued and outstanding	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 214,334,216 and 211,991,212shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.14M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 214,334,216 and 211,991,212shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$652.24K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$801.75K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.00M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$137.94K	USD	1 Quarter
REVENUES	`Revenues`	$460.17K	USD	3 Qtrs
REVENUES	`Revenues`	$461.51K	USD	3 Qtrs
REVENUES	`Revenues`	$243.48K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$182.31K	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.73K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$121.73K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$338.43K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$181.75K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$76.79K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$279.20K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$537.83K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$153.04K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$78.61K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$202.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$97.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$153.04K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$55.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$58.04K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$266.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$254.04K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$137.61K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$696.87K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-417.68K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-189.26K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$44.14K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$84.39K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-15.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-211.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$-1.28K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-181.00	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	$1.35K	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$1.14K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$-181.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-1.28K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$-15.00	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-416.54K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$43.96K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-189.28K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$83.10K	USD	3 Qtrs
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$60.08K	USD	3 Qtrs
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.14K	USD	1 Quarter
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$323.87K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$406.97K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-356.45K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-188.14K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$43.96K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	3 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	3 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	3 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	213.05M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.21M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	209.24M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	210.98M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$406.97K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-356.45K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-188.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$43.96K	USD	1 Quarter
Income from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$323.87K	USD	3 Qtrs
Income from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$60.08K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-416.54K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$83.10K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$182.31K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$120.01K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$-1.35K	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.80K	USD	2 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$31.83K	USD	3 Qtrs
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$204.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.30K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$132.00	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.26K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.47K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.04K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.74K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.35K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	3 Qtrs
Purchase of intangible asset	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Purchase of intangible asset	`PaymentsToAcquireProductiveAssets`	$11.50K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.15K	USD	3 Qtrs
Advances from officer	`ProceedsFromRelatedPartyDebt`	$33.46K	USD	3 Qtrs
Advances from officer	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$25.59K	USD	3 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$148.65K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.66K	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$22.51K	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$22.43K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$68.00K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$141.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.70K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.65K	USD	3 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$156.04K	USD	3 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.46K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$11.02K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$167.05K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$99.81K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$11.02K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$167.05K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$99.81K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	$4.00K	USD	3 Qtrs
Common stock issued for purchase of intangible assets	`FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments`	$21.80K	USD	3 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	$11.50K	USD	3 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	3 Qtrs
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	$213.78K	USD	3 Qtrs
Reclass from discontinued operations to accounts payable	`PriorPeriodReclassificationAdjustment`	-	USD	3 Qtrs
Write-off of debt - related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	-	USD	3 Qtrs
Write-off of debt - related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$1.22M	USD	3 Qtrs
Common stock issued for settlement of debt	`RepaymentsOfDebt`	-	USD	3 Qtrs
Common stock issued for settlement of debt	`RepaymentsOfDebt`	$1.20M	USD	3 Qtrs

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