10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001092570-11-000010`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	fulo-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 17

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.15K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.90K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.36K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.09K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$33.07K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$79.02K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$86.06K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$11.96K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.29K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.42K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$134.07K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$399.88K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$355.81K	USD	Point-in-time
Accrued and other current liabilities, current portion	`OtherLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Accrued and other current liabilities, current portion	`OtherLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$78.10K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$77.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$20.87K	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$18.27K	USD	Point-in-time
NOTES PAYABLE, less current portion	`LongTermNotesPayable`	$262.44K	USD	Point-in-time
NOTES PAYABLE, less current portion	`LongTermNotesPayable`	$274.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.94M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$79.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$86.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.22M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.81M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$124.42K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$134.07K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$161.82K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$78.62K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$56.64K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$121.49K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$411.94K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$795.12K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$319.19K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$657.98K	USD	2 Qtrs
Total revenues	`Revenues`	$819.80K	USD	2 Qtrs
Total revenues	`Revenues`	$916.61K	USD	2 Qtrs
Total revenues	`Revenues`	$468.58K	USD	1 Quarter
Total revenues	`Revenues`	$397.81K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$48.75K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$46.01K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$88.61K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$97.68K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$95.51K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$93.12K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$184.58K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$188.44K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$698.92K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$602.20K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$290.45K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$338.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.61K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.79K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$33.68K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$900.18K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.02M	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$498.82K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$443.65K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-101.01K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-198.93K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$16.43K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$24.93K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$12.22K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$20.37K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$40.56K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$6.01K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-239.49K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.92K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-121.38K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.21K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$18.92K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-121.38K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-239.49K	USD	2 Qtrs
Net income (loss) per common share basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net income (loss) per common share basic	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Net income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per common share assuming dilution	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Net income (loss) per common share assuming dilution	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per common share assuming dilution	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per common share assuming dilution	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.04M	shares	2 Qtrs
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.92M	shares	1 Quarter
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.24M	shares	1 Quarter
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.92M	shares	2 Qtrs
Weighted average shares outstanding assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.70M	shares	2 Qtrs
Weighted average shares outstanding assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.92M	shares	2 Qtrs
Weighted average shares outstanding assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.92M	shares	1 Quarter
Weighted average shares outstanding assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.45M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-121.38K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-239.49K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.61K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.79K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$33.68K	USD	2 Qtrs
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.16K	USD	2 Qtrs
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$51.00	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-4.69K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$3.70K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.41K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-549.00	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.14K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-6.27K	USD	2 Qtrs
Net increase (decrease) in Accounts payable trade	`IncreaseDecreaseInAccountsPayableTrade`	$-44.07K	USD	2 Qtrs
Net increase (decrease) in Accounts payable trade	`IncreaseDecreaseInAccountsPayableTrade`	$24.11K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$147.16K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.94K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$41.38K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$63.79K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.32K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.43K	USD	2 Qtrs
Purchases of property and equipment	`FixturesAndEquipmentGross`	$-14.35K	USD	Point-in-time
Purchases of property and equipment	`FixturesAndEquipmentGross`	$-2.07K	USD	Point-in-time
Acquision of business	`PaymentsToAcquirePropertyPlantAndEquipment`	$-10.06K	USD	2 Qtrs
Acquision of business	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.07K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.41K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-11.76K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.26K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.50K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.49K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.25K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.37K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.15K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.37K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.15K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$8.92K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$11.51K	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Shares outstanding	`CommonStockSharesOutstanding`	8.58M	shares	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	7.85M	shares	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.16K	USD	2 Qtrs
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$51.00	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.26K	USD	2 Qtrs
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	725,697.00	shares	2 Qtrs
Net income	`NetIncomeLoss`	$18.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-121.38K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-239.49K	USD	2 Qtrs
Stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	8.58M	shares	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	7.85M	shares	Point-in-time

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