10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001096906-14-001507`
Period End Date	20140930
Filing Date	20141106
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	fccn-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 49 Cash Flow Statement 38

Balance Sheet 60 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
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$300.61K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$882.97K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$323.98K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	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`	$624.59K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Current assets	`AssetsCurrent`	$1.11M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	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 issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.42M	USD	Point-in-time
Total Assets	`Assets`	$4.58M	USD	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
Total Assets	`Assets`	$6.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.30K	USD	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$398.11K	USD	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$383.28K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$416.57K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$398.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$416.57K	USD	Point-in-time
Total Liabilities	`Liabilities`	$398.11K	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, 17,857,623 shares issued and outstanding as of September 30, 2014 and December 31, 2013	`CommonStockValue`	$11.79K	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized, 17,857,623 shares issued and outstanding as of September 30, 2014 and December 31, 2013	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.16M	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`	$24.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.14M	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.18M	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$5.94M	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.34M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$49.37K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$182.88K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$136.68K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$25.32K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$51.96K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$39.26K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$112.82K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$78.17K	USD	3 Qtrs
Legal fees	`LegalFees`	-	USD	1 Quarter
Legal fees	`LegalFees`	-	USD	1 Quarter
Legal fees	`LegalFees`	-	USD	3 Qtrs
Legal fees	`LegalFees`	-	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$85.34K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$254.48K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-676.75K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-2.03M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-515.26K	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$717.00	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$1.28M	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$426.25K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$239.00	USD	1 Quarter
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$8.15M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$765.62K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$697.50K	USD	1 Quarter
Net loss	`ProfitLoss`	$-765.62K	USD	1 Quarter
Net loss	`ProfitLoss`	$-697.50K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-8.15M	USD	3 Qtrs
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-207.54K	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-614.66K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-489.96K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-765.62K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-8.15M	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-1.68M	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	112.86M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	3 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.08M	shares	3 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-489.96K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-765.62K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-8.15M	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-1.68M	USD	3 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-207.54K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-614.66K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$-1.28M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$-717.00	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-676.75K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-2.03M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-515.26K	USD	3 Qtrs
Impairment of investments	`ImpairmentOfInvestments`	$5.86M	USD	3 Qtrs
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.50K	USD	3 Qtrs
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-33.30K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-258.55K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-470.69K	USD	3 Qtrs
Development of internet search technology	`DevelopmentOfInternetSearchTechnology`	$115.02K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.02K	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$-14.84K	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$172.45K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.00M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.84K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.17M	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$798.87K	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-485.53K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$300.61K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$882.97K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$300.61K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$882.97K	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`	$84.09K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

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