10-Q/A Filing

SIDECHANNEL, INC. CIK: 1022505 Q1 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0000721748-16-001346`
Period End Date	20151231
Filing Date	20160608
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	clok-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 30 Cash Flow Statement 52

Balance Sheet 50 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`	10.00M	shares	Point-in-time
Cash	`Cash`	$1.13M	USD	Point-in-time
Cash	`Cash`	$208.50K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$545.65K	USD	Point-in-time
Cash	`Cash`	$1.99M	USD	Point-in-time
Assets attributable to discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Assets attributable to discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$3.23K	USD	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	10.00M	shares	Point-in-time
Preferred Stock, Shares Outstandng	`PreferredStockSharesOutstanding`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.00M	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`	$1.13M	USD	Point-in-time
Proprietary Technology	`ProprietaryTechnology`	$10.45K	USD	Point-in-time
Proprietary Technology	`ProprietaryTechnology`	-	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
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.49M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.00M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.36M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.14M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.36M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.49M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$405.78K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.21K	USD	Point-in-time
Liabilities attributable to disco ops	`LiabilitiesAttributableToDiscoOps`	$18.00	USD	Point-in-time
Liabilities attributable to disco ops	`LiabilitiesAttributableToDiscoOps`	$18.00	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.12M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.12M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.23M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.53M	USD	Point-in-time
Series A Convertible Preferred Stock, $0.01 par value, 10,000,000 shares authorized; 10,000,000 outstanding As of December 31, 2015 and September 30, 2015	`PreferredStockValue`	$100.00K	USD	Point-in-time
Series A Convertible Preferred Stock, $0.01 par value, 10,000,000 shares authorized; 10,000,000 outstanding As of December 31, 2015 and September 30, 2015	`PreferredStockValue`	$100.00K	USD	Point-in-time
Common Stock, $0.01 par value, 650,000,000 shares authorized; 4,494,421 issued and outstanding as of December 31, 2015 and 4,356,741 issued and outstanding as of September 30, 2015	`CommonStockValueOutstanding`	$43.57K	USD	Point-in-time
Common Stock, $0.01 par value, 650,000,000 shares authorized; 4,494,421 issued and outstanding as of December 31, 2015 and 4,356,741 issued and outstanding as of September 30, 2015	`CommonStockValueOutstanding`	$44.94K	USD	Point-in-time
Other equity	`OtherEquity1`	$-50.00K	USD	Point-in-time
Other equity	`OtherEquity1`	$-50.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.59M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$-386.53K	USD	Point-in-time
Total Equity	`StockholdersEquity`	$-229.32K	USD	Point-in-time
TOTAL LIABILITIES & EQUITY	`LiabilitiesAndStockholdersEquity`	$1.14M	USD	Point-in-time
TOTAL LIABILITIES & EQUITY	`LiabilitiesAndStockholdersEquity`	$2.00M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.81K	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.81K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$298.77K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$176.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.43K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$154.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$193.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$453.42K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-449.60K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-193.76K	USD	1 Quarter
Interest expene	`InterestExpense`	$106.00	USD	1 Quarter
Interest expene	`InterestExpense`	$1.02K	USD	1 Quarter
(Loss) from Continuing Operations	`IncomeLossFromContinuingOperations`	$-449.71K	USD	1 Quarter
(Loss) from Continuing Operations	`IncomeLossFromContinuingOperations`	$-194.78K	USD	1 Quarter
Gain (Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-68.35K	USD	1 Quarter
Gain (Loss) from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-449.71K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-263.13K	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	$-0.07	USD	1 Quarter
Continuing operations	`EarningsPerShareBasicContinuingOperations`	$-0.10	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	$-0.02	USD	1 Quarter
Discontinued operations	`EarningsPerShareBasicDiscontinuingOperations`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.83M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.48M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-449.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-263.13K	USD	1 Quarter
(Gain) Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$68.35K	USD	1 Quarter
(Gain) Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-449.71K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-194.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$27.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.81K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-138.88K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-695.17K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-333.66K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.12M	USD	1 Quarter
Deposits with others	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposits with others	`IncreaseDecreaseInDepositOtherAssets`	$10.45K	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.45K	USD	1 Quarter
Advances from affiliates	`ProceedsFromCollectionOfAdvanceToAffiliate`	-	USD	1 Quarter
Advances from affiliates	`ProceedsFromCollectionOfAdvanceToAffiliate`	$1.21K	USD	1 Quarter
Subscribed stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Subscribed stock	`ProceedsFromIssuanceOfCommonStock`	$-4.74K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOrSaleOfEquity`	$265.00K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$266.21K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.74K	USD	1 Quarter
Operating	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$3.23K	USD	1 Quarter
Operating	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.25K	USD	1 Quarter
Net decrease in cash from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$1.25K	USD	1 Quarter
Net decrease in cash from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$3.23K	USD	1 Quarter
(DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-337.15K	USD	1 Quarter
(DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-862.20K	USD	1 Quarter
CASH, BEGINNING OF YEAR	`Cash`	$1.13M	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$208.50K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$545.65K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`Cash`	$1.99M	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$1.13M	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$208.50K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$545.65K	USD	Point-in-time
CASH, END OF YEAR	`Cash`	$1.99M	USD	Point-in-time
Interest paid	`InterestPaid`	$1.11K	USD	1 Quarter
Interest paid	`InterestPaid`	$107.00	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for purchase of software	`CommonStockIssuedForPurchaseOfIntangibleAssets`	$-6.00K	USD	1 Quarter
Common stock issued for purchase of software	`CommonStockIssuedForPurchaseOfIntangibleAssets`	-	USD	1 Quarter
Cancellation of common stock	`CancellationOfCommonStockIssued`	-	USD	1 Quarter
Cancellation of common stock	`CancellationOfCommonStockIssued`	-	USD	1 Quarter

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