10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001096906-15-000271`
Period End Date	20141231
Filing Date	20150319
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	fccn-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 27 Cash Flow Statement 34 Stockholders Equity 16

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.92K	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
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$323.98K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$323.98K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.00K	USD	Point-in-time
Current assets	`AssetsCurrent`	$59.92K	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
Investment in Kontexto, Inc.	`InvestmentInKontextoInc`	$537.00K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in Kontexto, Inc.	`InvestmentInKontextoInc`	$232.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$5.00K	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
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$4.69M	USD	Point-in-time
Other assets	`OtherAssets`	$5.23M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	101.21M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Other assets	`OtherAssets`	$237.00K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	101.21M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Total Assets	`Assets`	$296.92K	USD	Point-in-time
Total Assets	`Assets`	$6.34M	USD	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$398.11K	USD	Point-in-time
Related party advances	`DueToRelatedPartiesCurrent`	$371.18K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$371.18K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$398.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$398.11K	USD	Point-in-time
Total Liabilities	`Liabilities`	$371.18K	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 and 101,207,623 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$11.79K	USD	Point-in-time
Common stock, par value $0.0001, 500,000,000 shares authorized, 117,857,623 and 101,207,623 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.26M	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
Deficit accumulated during the development/exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$26.96M	USD	Point-in-time
Deficit accumulated during the development/exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$22.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$143.08K	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterestInVariableInterestEntity`	$-217.35K	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterestInVariableInterestEntity`	$1.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$297.09K	USD	Point-in-time
Total equity	`StockholdersEquity`	$5.94M	USD	Point-in-time
Total equity	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$296.92K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.34M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$217.50K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$232.89K	USD	Annual
Wages and benefits	`SalariesAndWages`	$155.35K	USD	Annual
Wages and benefits	`SalariesAndWages`	$151.02K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$330.76K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$81.11K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$623.89K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.71M	USD	Annual
Bad debt expense - related party	`BadDebtExpenseRelatedParty`	$323.98K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.71M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$426.97K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$8.02M	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$3.29M	USD	Annual
Total operating expenses	`OperatingExpenses`	$11.63M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.63M	USD	Annual
Loss attributable to non-controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-2.02M	USD	Annual
Loss attributable to non-controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-1.07M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`ProfitLoss`	$-4.62M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`ProfitLoss`	$-10.56M	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	Annual
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	111.26M	shares	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`ProfitLoss`	$-4.62M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`ProfitLoss`	$-10.56M	USD	Annual
Non-controlling interest	`MinorityInterestPeriodIncreaseDecrease`	$-2.02M	USD	Annual
Non-controlling interest	`MinorityInterestPeriodIncreaseDecrease`	$-1.07M	USD	Annual
Depreciation and amortization	`Depreciation`	$-426.97K	USD	Annual
Depreciation and amortization	`Depreciation`	$-1.71M	USD	Annual
Stock-based compensation	`StockBasedCompensation`	$-623.89K	USD	Annual
Stock-based compensation	`StockBasedCompensation`	$-2.71M	USD	Annual
Bad debt - accounts receivable - related party	`BadDebtAccountsReceivableRelatedParty`	$-323.98K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestmentsAndAssets`	$-3.29M	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestmentsAndAssets`	$-8.02M	USD	Annual
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	Annual
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-710.29K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-483.35K	USD	Annual
Development of internet search technology	`BusinessDevelopment`	$-115.02K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.02K	USD	Annual
Proceeds from (payments to) related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-26.93K	USD	Annual
Proceeds from (payments to) related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$300.42K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.93K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.30M	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-737.22K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$702.05K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.09K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.92K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	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`	$48.92K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$297.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Shares issued for cash	`SharesIssuedForCash`	$1.00M	USD	Annual
Stock options issued for consulting	`StockOptionsIssuedForConsulting`	$568.12K	USD	Annual
Stock issued for compensation	`StockIssuedForCompensation`	$2.14M	USD	Annual
Stock issued for compensation	`StockIssuedForCompensation`	$623.89K	USD	Annual
Shares issued for technology asset	`SharesIssuedForTechnologyAsset`	$3.00M	USD	Annual
Shares and warrants issued to acquire investment	`SharesAndWarrantsIssuedToAcquireInvestment`	$6.40M	USD	Annual
Shares issued for technology assets	`SharesIssuedForTechnologyAssets`	$1.30M	USD	Annual
Non-controlling interest	`NoncontrollingInterestIncreaseFromBusinessCombination`	$2.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.63M	USD	Annual
Balance	`StockholdersEquity`	$297.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-74.26K	USD	Point-in-time

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