10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001092570-12-000025`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	fulo-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 30 Cash Flow Statement 41 Stockholders Equity 14

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.98M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.88K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.35K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$79.54K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.96K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.19K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$78.14K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$71.12K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.91K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.91K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$153.22K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.87K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$395.20K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$373.53K	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$322.24K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$328.08K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$173.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$167.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$23.48K	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$23.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$90.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$91.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.78M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$153.22K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$188.87K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$63.77K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$49.28K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$381.83K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$384.26K	USD	1 Quarter
Total revenues	`Revenues`	$431.11K	USD	1 Quarter
Total revenues	`Revenues`	$448.03K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$39.01K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$42.60K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$87.87K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$91.46K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$311.75K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$326.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.93K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$461.91K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$456.53K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-8.50K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-30.80K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$6.21K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$5.80K	USD	1 Quarter
LOSS before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-36.60K	USD	1 Quarter
LOSS before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.71K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-14.71K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-36.60K	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.85M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.00M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.85M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.00M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-14.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.93K	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$516.00	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$798.00	USD	1 Quarter
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$4.31K	USD	1 Quarter
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-2.85K	USD	1 Quarter
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.08K	USD	1 Quarter
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.87K	USD	1 Quarter
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-15.00K	USD	1 Quarter
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-6.67K	USD	1 Quarter
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-21.67K	USD	1 Quarter
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-32.95K	USD	1 Quarter
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$28.96K	USD	1 Quarter
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$33.51K	USD	1 Quarter
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$28.75K	USD	1 Quarter
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.26K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.51K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.21K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-3.85K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-1.91K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.91K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.85K	USD	1 Quarter
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-6.20K	USD	1 Quarter
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-5.83K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.20K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.42K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.11K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-539.00	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.32K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.32K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$5.80K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.44K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.78M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	8.98M	shares	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$516.00	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$798.00	USD	1 Quarter
Stock options exercise	`ProceedsFromStockOptionsExercised`	$420.00	USD	1 Quarter
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-14.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.60K	USD	1 Quarter
Stockholders' deficit	`StockholdersEquity`	$-1.78M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	8.98M	shares	Point-in-time
Shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time

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