10-Q Filing

SIDECHANNEL, INC. CIK: 1022505 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000277`
Period End Date	20131231
Filing Date	20140320
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	nsct-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 32 Cash Flow Statement 50

Balance Sheet 52 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`	$15.91K	USD	Point-in-time
Cash	`Cash`	$51.36K	USD	Point-in-time
Cash	`Cash`	$8.59K	USD	Point-in-time
Cash	`Cash`	$51.98K	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`	$10.49K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	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
Total current assets	`AssetsCurrent`	$16.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.40K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	$817.92K	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
Software, net	`FiniteLivedIntangibleAssetsNet`	$762.77K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	214.97M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	214.62M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$789.17K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$834.85K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	214.62M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	214.97M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$361.99K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$375.00K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	$35.36K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	$46.07K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$68.37K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$9.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$489.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.15K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.35K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$407.15K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$493.79K	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; 214,969,216 and 214,624,216 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 214,969,216 and 214,624,216 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$295.38K	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`	$789.17K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$117.56K	USD	1 Quarter
REVENUES	`Revenues`	$149.36K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$60.01K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$56.40K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$89.35K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$222.08K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.87K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$30.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$40.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$252.08K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$158.87K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-195.67K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-69.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$-127.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-236.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-236.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-127.00	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-69.65K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-195.91K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-10.71K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-206.62K	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`	212.20M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.87M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-206.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.66K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-10.71K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.98K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-69.65K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-195.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.01K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.16K	USD	1 Quarter
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.06K	USD	1 Quarter
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock issued for license agreements	`StockIssuedWithLicensingAgreementsValue`	$3.60K	USD	1 Quarter
Stock issued for license agreements	`StockIssuedWithLicensingAgreementsValue`	$4.10K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.45K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.15K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.71K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.00K	USD	1 Quarter
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$4.35K	USD	1 Quarter
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	-	USD	1 Quarter
Net cash provided by (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.25K	USD	1 Quarter
Net cash provided by (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.97K	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-25.59K	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$58.57K	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	-	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`	$10.00K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$31.00K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$5.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.35K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.57K	USD	1 Quarter
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$619.00	USD	1 Quarter
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.32K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`Cash`	$15.91K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$8.59K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.98K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$15.91K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$8.59K	USD	Point-in-time
CASH, END OF PERIOD	`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
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$42.14K	USD	Annual
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	1 Quarter
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$59.70K	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`	$6.00K	USD	1 Quarter

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