10-Q Filing

SIDECHANNEL, INC. CIK: 1022505 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000808`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	nsct-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 66 Cash Flow Statement 65

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`	$99.81K	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
Cash	`Cash`	$51.36K	USD	Point-in-time
Cash	`Cash`	$8.59K	USD	Point-in-time
Cash	`Cash`	$828.50K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.90K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.93K	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`	$835.40K	USD	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	$640.46K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	$817.92K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.48M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$834.85K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	214.62M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	280.29M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	214.62M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	280.29M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$547.49K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$361.99K	USD	Point-in-time
Stock payable	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	-	USD	Point-in-time
Stock payable	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$177.30K	USD	Point-in-time
Liabilities attributed to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$44.94K	USD	Point-in-time
Liabilities attributed to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$35.36K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$9.80K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$62.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$832.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.15K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$832.34K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$407.15K	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; 280,286,722 and 214,624,216 issued and outstanding	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 280,286,722 and 214,624,216 issued and outstanding	`CommonStockValueOutstanding`	$2.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$427.70K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$643.52K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$834.85K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.48M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
COST OF REVENUES	`CostOfRevenue`	$183.47K	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$182.31K	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$61.16K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$279.20K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$1.07M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.17M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$76.79K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.45M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$537.83K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.08M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$202.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$58.04K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$153.04K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$266.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$696.87K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.47M	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-189.26K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-13.74K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-417.68K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-1.30M	USD	3 Qtrs
Interest expense	`InterestExpense`	$-211.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$-2.17K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-1.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$-15.00	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$1.14K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$-1.66K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-2.17K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$-15.00	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-15.39K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-416.54K	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.30M	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-189.28K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-5.38K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-12.89K	USD	3 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.14K	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$60.08K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-356.45K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.32M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-188.14K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.77K	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	$-0.01	USD	3 Qtrs
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	3 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	3 Qtrs
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	268.95M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	236.09M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	213.05M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	214.21M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-356.45K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.32M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-188.14K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.77K	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$60.08K	USD	3 Qtrs
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-12.89K	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-15.39K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-416.54K	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.30M	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-189.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$183.47K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$182.31K	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$31.83K	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$1.62M	USD	3 Qtrs
Common stock issued for software sales	`StockIssuedDuringPeriodValueAcquisitions`	$12.31K	USD	3 Qtrs
Common stock issued for software sales	`StockIssuedDuringPeriodValueAcquisitions`	$5.70K	USD	3 Qtrs
Impairment of asset	`AssetImpairmentCharges`	$6.00K	USD	3 Qtrs
Impairment of asset	`AssetImpairmentCharges`	$6.00K	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$1.35K	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsAndNotesReceivable`	$132.00	USD	3 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsAndNotesReceivable`	$1.44K	USD	3 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.26K	USD	3 Qtrs
Accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$241.89K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.04K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$752.10K	USD	3 Qtrs
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$-11.50K	USD	3 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfOtherAssets1`	$1.35K	USD	3 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfOtherAssets1`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.15K	USD	3 Qtrs
Advances from officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	3 Qtrs
Advances from officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.30K	USD	3 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-8.30K	USD	3 Qtrs
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-25.59K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$103.53K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.66K	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-50.71K	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-22.43K	USD	3 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$15.00K	USD	3 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$141.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.82K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.65K	USD	3 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.46K	USD	3 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$819.91K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$99.81K	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`	$828.50K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$99.81K	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`	$828.50K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$59.70K	USD	3 Qtrs
Write-off of related party debt to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	3 Qtrs
Common stock issued for purchase of intangible assets	`CommonStockIssuedForPurchaseOfIntangibleAssets`	$6.00K	USD	3 Qtrs
Common stock issued for purchase of intangible assets	`CommonStockIssuedForPurchaseOfIntangibleAssets`	$21.80K	USD	3 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	3 Qtrs
Accrual of software acquisition costs	`AcquisitionCosts`	$11.50K	USD	3 Qtrs

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