10-K Filing

SIDECHANNEL, INC. CIK: 1022505 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0000721748-15-000004`
Period End Date	20140930
Filing Date	20150105
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	nsct-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 27

Balance Sheet 56 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
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`	$545.65K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.01K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	4.00M	shares	Point-in-time
Assets attributable to discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$6.89K	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
Assets attributable to discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.93K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$553.54K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	650.00M	shares	Point-in-time
Proprietary technology, net	`AcquiredFiniteLivedIntangibleAssetResidualValue`	$604.30K	USD	Point-in-time
Proprietary technology, net	`AcquiredFiniteLivedIntangibleAssetResidualValue`	$817.92K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	283.47M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	214.62M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	214.62M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$834.85K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.16M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	283.47M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$361.99K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$649.45K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$35.36K	USD	Point-in-time
Liabilities attributable to discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities`	$18.00	USD	Point-in-time
Lines of credit	`LineOfCredit`	$53.61K	USD	Point-in-time
Lines of credit	`LineOfCredit`	$9.80K	USD	Point-in-time
Stock payable	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$7.00K	USD	Point-in-time
Stock payable	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$710.08K	USD	Point-in-time
TOTAL LIABILITIES	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$710.08K	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 as of September 30, 2014 and 2013	`PreferredStockValue`	$40.00K	USD	Point-in-time
Preferred stock, $0.01 par value, 4,000,000 shares authorized; 4,000,000 issued and outstanding as of September 30, 2014 and 2013	`PreferredStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 283,473,722 and 214,624,216 issued and outstanding as of September 30, 2014 and 2013, respectively	`CommonStockValueOutstanding`	$2.83M	USD	Point-in-time
Common stock, $0.01 par value, 650,000,000 shares authorized; 283,473,722 and 214,624,216 issued and outstanding as of September 30, 2014 and 2013, respectively	`CommonStockValueOutstanding`	$2.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$801.75K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$447.76K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$427.70K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$834.85K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$1.34M	USD	Annual
REVENUE	`Revenues`	$516.87K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$240.27K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$243.47K	USD	Annual
GROSS PROFIT	`GrossProfit`	$273.40K	USD	Annual
GROSS PROFIT	`GrossProfit`	$1.10M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.81M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$714.27K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$37.73K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$208.90K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	-	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.85M	USD	Annual
Total operating expenses	`OperatingExpenses`	$929.16K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-655.76K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-1.75M	USD	Annual
Interest expense	`InterestExpense`	$2.43K	USD	Annual
Interest expense	`InterestExpense`	$392.00	USD	Annual
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on the disposal of assets	`GainLossOnDispositionOfAssets`	$-1.35K	USD	Annual
Total other (income) expenses	`OtherExpenses`	$2.43K	USD	Annual
Total other (income) expenses	`OtherExpenses`	$-961.00	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-654.80K	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.75M	USD	Annual
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.63K	USD	Annual
INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$38.57K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-631.17K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.71M	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	-	USD	Annual
Continuing operations	`EarningsPerShareBasicContinuingOperations`	$-0.01	USD	Annual
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	Annual
Total	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Total	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	247.48M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	212.80M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-631.17K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-23.63K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-38.57K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-654.80K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.75M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$243.47K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$244.62K	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	-	USD	Annual
Impairment of assets	`AssetImpairmentCharges`	$6.00K	USD	Annual
Stock issued for compensation	`StockIssuedForCompensation`	$1.63M	USD	Annual
Stock issued for compensation	`StockIssuedForCompensation`	$36.63K	USD	Annual
Stock issued with licensing agreements	`StockIssuedDuringPeriodValueOther`	$5.70K	USD	Annual
Stock issued with licensing agreements	`StockIssuedDuringPeriodValueOther`	$13.56K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-3.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$7.33K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$343.51K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$221.88K	USD	Annual
Stock payable	`IncreaseDecreaseInPayablesToCustomers`	-	USD	Annual
Stock payable	`IncreaseDecreaseInPayablesToCustomers`	$7.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.71K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$481.25K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$-25.00K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$-11.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	Annual
Advances from officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.30K	USD	Annual
Advances from officer	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.41K	USD	Annual
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-31.00K	USD	Annual
Repayment of advances from officer	`RepaymentsOfRelatedPartyDebt`	$-8.30K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$103.53K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$11.14K	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-23.11K	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$-59.71K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$37.00K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$143.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.44K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$80.82K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-42.77K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$537.06K	USD	Annual
CASH, BEGINNING OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$8.59K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$545.65K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$51.36K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$8.59K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$545.65K	USD	Point-in-time
Interest	`InterestPaid`	$2.73K	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Accrual of software acquisition costs	`AcquisitionCosts`	$11.50K	USD	Annual
Accrual of software acquisition costs	`AcquisitionCosts`	-	USD	Annual
Write-off of debt - related parties	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	$42.14K	USD	Annual
Write-off of debt - related parties	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	$59.70K	USD	Annual
Common stock issued for investment in Doctors Network of America	`CommonStockIssuedForInvestmentInDoctorsNetworkOfAmerica`	-	USD	Annual
Common stock issued for investment in Doctors Network of America	`CommonStockIssuedForInvestmentInDoctorsNetworkOfAmerica`	$6.00K	USD	Annual
Common stock issued for purchase of software	`CommonStockIssuedForPurchaseOfSoftware`	$15.80K	USD	Annual
Common stock issued for purchase of software	`CommonStockIssuedForPurchaseOfSoftware`	$6.00K	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning, Value	`StockholdersEquity`	$801.75K	USD	Point-in-time
Beginning, Value	`StockholdersEquity`	$447.76K	USD	Point-in-time
Beginning, Value	`StockholdersEquity`	$427.70K	USD	Point-in-time
Common stock issued for asset acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$6.00K	USD	Annual
Common stock issued for asset acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$6.00K	USD	Annual
Common stock issued for intangible asset acquisition, Value	`StockIssuedForIntangibleAssetAcquisitionValue`	$15.80K	USD	Annual
Common stock issued to officers for services, Value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$666.75K	USD	Annual
Common stock issued to officers for services, Value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$36.63K	USD	Annual
Common stock issued for the purchase of billing software, Shares	`StockIssuedDuringPeriodSharesOther`	450,000.00	shares	Annual
Common stock issued for the purchase of billing software, Shares	`StockIssuedDuringPeriodSharesOther`	220,000.00	shares	Annual
Common stock issued for the purchase of billing software, Value	`StockIssuedDuringPeriodValueOther`	$5.70K	USD	Annual
Common stock issued for the purchase of billing software, Value	`StockIssuedDuringPeriodValueOther`	$13.56K	USD	Annual
Common stock issued for consulting services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1.17M	shares	Annual
Common stock issued for consulting services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	68.24M	shares	Annual
Common stock issued for consulting services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$958.37K	USD	Annual
Common stock issued for consulting services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$36.63K	USD	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	217,500.00	shares	Annual
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesIssuedForCash`	187,000.00	shares	Annual
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueIssuedForCash`	$37.00K	USD	Annual
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueIssuedForCash`	$143.00K	USD	Annual
Write-off of related party debt	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	$42.14K	USD	Annual
Write-off of related party debt	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	$59.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-631.17K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Ending, Value	`StockholdersEquity`	$801.75K	USD	Point-in-time
Ending, Value	`StockholdersEquity`	$447.76K	USD	Point-in-time
Ending, Value	`StockholdersEquity`	$427.70K	USD	Point-in-time

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