10-Q Filing

SIDECHANNEL, INC. CIK: 1022505 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000493`
Period End Date	20140331
Filing Date	20140516
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	nsct-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 68 Cash Flow Statement 62

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`	$7.66K	USD	Point-in-time
Cash	`Cash`	$51.36K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	4.00M	shares	Point-in-time
Cash	`Cash`	$162.67K	USD	Point-in-time
Cash	`Cash`	$8.59K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	4.00M	shares	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Accounts receivables	`AccountsAndNotesReceivableNet`	$8.34K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Accounts receivables	`AccountsAndNotesReceivableNet`	$5.18K	USD	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`	$12.83K	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
Software, net	`FiniteLivedIntangibleAssetsNet`	$817.92K	USD	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	$701.61K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	214.62M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$834.85K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	246.83M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$714.44K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	214.62M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	246.83M	shares	Point-in-time
Accounts payables and accrued expenses	`AccountsPayableAndAccruedLiabilitiesFairValueDisclosure`	$361.99K	USD	Point-in-time
Accounts payables and accrued expenses	`AccountsPayableAndAccruedLiabilitiesFairValueDisclosure`	$699.56K	USD	Point-in-time
Liabilities attributed to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$35.36K	USD	Point-in-time
Liabilities attributed to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$42.87K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$87.04K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$9.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$829.47K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$829.47K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$407.15K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	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; 246,829,216 and 214,624,216 issued and outstanding	`CommonStockValueOutstanding`	$2.47M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 246,829,216 and 214,624,216 issued and outstanding	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.84M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$427.70K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-115.03K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$834.85K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$714.44K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$222.68K	USD	2 Qtrs
REVENUES	`Revenues`	$174.21K	USD	1 Quarter
REVENUES	`Revenues`	$323.57K	USD	2 Qtrs
REVENUES	`Revenues`	$105.12K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$122.31K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$121.16K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$43.96K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$202.41K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$100.36K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$113.06K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$224.45K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.11M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$343.32K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.33M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$95.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$55.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$30.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$60.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.39M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$438.32K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$279.45K	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-1.29M	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-234.56K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-165.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$-69.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-515.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-279.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-196.00	USD	2 Qtrs
Total other income expense	`OtherExpenses`	$-279.00	USD	1 Quarter
Total other income expense	`OtherExpenses`	$-515.00	USD	2 Qtrs
Total other income expense	`OtherExpenses`	$-69.00	USD	1 Quarter
Total other income expense	`OtherExpenses`	$-196.00	USD	2 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.29M	USD	2 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-165.11K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.09M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-234.76K	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$58.95K	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.20K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-38.00	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-7.52K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-175.81K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-165.15K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	$-0.01	USD	2 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	2 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	2 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	2 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	224.55M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	212.76M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	219.66M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	212.47M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-175.81K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-165.15K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-7.52K	USD	2 Qtrs
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$58.95K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.29M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-165.11K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.09M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-234.76K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$121.16K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.31K	USD	2 Qtrs
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$666.75K	USD	2 Qtrs
Common stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$28.16K	USD	2 Qtrs
Common stock issued for software sales	`StockIssuedDuringPeriodValueAcquisitions`	$5.70K	USD	2 Qtrs
Common stock issued for software sales	`StockIssuedDuringPeriodValueAcquisitions`	$9.35K	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.01K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.16K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.64K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$397.27K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInContinuingOperations`	$14.21K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInContinuingOperations`	$-93.18K	USD	2 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfOtherAssets1`	$1.35K	USD	2 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfOtherAssets1`	-	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
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-25.59K	USD	1 Quarter
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-25.59K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$78.25K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.50K	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-22.15K	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-1.00K	USD	2 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$141.00K	USD	2 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$15.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$92.25K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.76K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.31K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-931.00	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$7.66K	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, BEGINNING OF PERIOD	`Cash`	$8.59K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$7.66K	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
CASH, END OF PERIOD	`Cash`	$8.59K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$59.70K	USD	2 Qtrs
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	2 Qtrs
Common stock issued to purchase software	`StockIssuedDuringPeriodValueIssuedForNoncashConsiderations`	$6.00K	USD	2 Qtrs
Common stock issued to purchase software	`StockIssuedDuringPeriodValueIssuedForNoncashConsiderations`	$13.00K	USD	2 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	2 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	$23.00K	USD	2 Qtrs

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