10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001092570-12-000040`
Period End Date	20120630
Filing Date	20120813
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	fulo-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 18

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`	$10.99K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.40K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.12M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$25.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.98M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$79.54K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.32K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$78.14K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$69.50K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.57K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.91K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$118.39K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$424.39K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$395.20K	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Notes payable current	`NotesPayableCurrent`	$316.32K	USD	Point-in-time
Notes payable current	`NotesPayableCurrent`	$328.08K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$160.92K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$173.95K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93M	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`	$22.83K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.95M	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	`AdditionalPaidInCapital`	$8.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.25M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.83M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$188.87K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$118.39K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$42.04K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$121.49K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$91.32K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$56.64K	USD	1 Quarter
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`	$330.70K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$712.53K	USD	2 Qtrs
Total revenues	`Revenues`	$803.85K	USD	2 Qtrs
Total revenues	`Revenues`	$372.74K	USD	1 Quarter
Total revenues	`Revenues`	$468.58K	USD	1 Quarter
Total revenues	`Revenues`	$916.61K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$29.60K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$88.61K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$68.61K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$46.01K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$89.27K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$177.14K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$184.58K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$93.12K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$623.51K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$290.45K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$297.41K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$602.20K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.65K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.79K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$425.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$443.65K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$886.91K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$900.18K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-52.26K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-83.06K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$16.43K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$24.93K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$6.01K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$5.61K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$11.41K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$12.22K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.21K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.92K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-94.47K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-57.87K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$18.92K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.98M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.24M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.06M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.04M	shares	2 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.70M	shares	2 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.45M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.06M	shares	2 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.98M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$18.92K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.65K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.79K	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.16K	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.59K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-4.69K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$4.82K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.82K	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`	$-6.27K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.27K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.07K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.18K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$17.59K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.94K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-13.04K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$63.79K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.42K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.43K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-8.67K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-14.35K	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$-10.06K	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesGross`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.41K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.67K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-11.76K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-11.76K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.26K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.34K	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`	$-3.58K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
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`	$7.40K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	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`	$7.40K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$11.51K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$11.51K	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	9.12M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	8.98M	shares	Point-in-time
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.16K	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.59K	USD	2 Qtrs
Proceeds From Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$7.26K	USD	2 Qtrs
Proceeds From Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$420.00	USD	2 Qtrs
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	2 Qtrs
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$18.92K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.21K	USD	2 Qtrs
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	9.12M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	8.98M	shares	Point-in-time

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