10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001096906-14-001038`
Period End Date	20140630
Filing Date	20140811
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	fccn-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 66 Cash Flow Statement 36

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$457.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$323.98K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$323.98K	USD	Point-in-time
Current assets	`AssetsCurrent`	$1.11M	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Current assets	`AssetsCurrent`	$781.18K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in Kontexto, Inc.	`InvestmentInKontextoIncAtCost`	$537.00K	USD	Point-in-time
Investment in Kontexto, Inc.	`InvestmentInKontextoIncAtCost`	$537.00K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.84M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Total Assets	`Assets`	$5.16M	USD	Point-in-time
Total Assets	`Assets`	$6.34M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$398.11K	USD	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$410.54K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$398.11K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$410.54K	USD	Point-in-time
Total Liabilities	`Liabilities`	$398.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$410.54K	USD	Point-in-time
Preferred stock, par value $0.0001, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized, 117,857,623 shares issued and outstanding as of June 30, 2014 and December 31, 2013	`CommonStockValue`	$11.79K	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized, 117,857,623 shares issued and outstanding as of June 30, 2014 and December 31, 2013	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.69M	USD	Point-in-time
Common stock warrants	`WarrantsAndRightsOutstanding`	$1.83M	USD	Point-in-time
Common stock warrants	`WarrantsAndRightsOutstanding`	$1.83M	USD	Point-in-time
Prepaid consulting	`PrepaidConsulting`	$-47.34K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$22.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$23.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.14M	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.80M	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.39M	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.75M	USD	Point-in-time
Total equity	`StockholdersEquity`	$5.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.34M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$111.36K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.43K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$73.49K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$133.51K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$60.86K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$26.70K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$38.91K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$38.91K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$169.14K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$112.10K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-676.75K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-406.63K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-1.35M	USD	2 Qtrs
Depreciation and amortization	`Depreciation`	$852.50K	USD	2 Qtrs
Depreciation and amortization	`Depreciation`	$239.00	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$478.00	USD	2 Qtrs
Depreciation and amortization	`Depreciation`	$426.25K	USD	1 Quarter
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	2 Qtrs
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.39M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$683.12K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Other income (expense)	`OtherIncome`	-	USD	2 Qtrs
Other income (expense)	`OtherIncome`	-	USD	1 Quarter
Other income (expense)	`OtherIncome`	-	USD	2 Qtrs
Other income (expense)	`OtherIncome`	-	USD	1 Quarter
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.60M	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.65M	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-683.12K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.39M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetLoss`	$-6.65M	USD	1 Quarter
Net loss	`NetLoss`	$-683.12K	USD	1 Quarter
Net loss	`NetLoss`	$-7.39M	USD	2 Qtrs
Net loss	`NetLoss`	$-1.60M	USD	2 Qtrs
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-407.11K	USD	2 Qtrs
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-213.80K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-1.19M	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-6.65M	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-469.32K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-7.39M	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	108.71M	shares	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	112.90M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-1.19M	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-6.65M	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-469.32K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetLossAttributableToSpectralCapitalCorporation`	$-7.39M	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-407.11K	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-213.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$-852.50K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$-478.00	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-676.75K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-406.63K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-1.35M	USD	2 Qtrs
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	2 Qtrs
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	1 Quarter
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.50K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-341.36K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-169.92K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$12.43K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$216.65K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$927.98K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.14M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.43K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-328.93K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$974.71K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$457.20K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$457.20K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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