10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001096906-15-000901`
Period End Date	20150630
Filing Date	20150812
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	fccn-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 56 Cash Flow Statement 35

Balance Sheet 56 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`	$457.20K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$786.14K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.92K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid consulting	`PrepaidConsulting`	$-11.00K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Current assets	`AssetsCurrent`	$59.92K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Current assets	`AssetsCurrent`	$3.83K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in Kontexto, Inc.	`Investments`	$232.00K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Investment in Kontexto, Inc.	`Investments`	$232.00K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.00K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.00K	USD	Point-in-time
Total Assets	`Assets`	$296.92K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Total Assets	`Assets`	$240.83K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$371.18K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$462.95K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$462.95K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$371.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$371.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$462.95K	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, 2015 and December 31, 2014	`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, 2015 and December 31, 2014	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.31M	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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$143.08K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-224.00K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-217.35K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-222.12K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$240.83K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.92K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
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`	$73.46K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$26.84K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$74.40K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$39.34K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$60.86K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$26.70K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$112.10K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$169.14K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-217.26K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-406.63K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$426.25K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$852.50K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$683.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$174.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$365.12K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-683.12K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.60M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-174.82K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-365.12K	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-174.82K	USD	1 Quarter
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`	$-683.12K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-365.12K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-174.82K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-1.60M	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-683.12K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-365.12K	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
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.89K	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.65K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-168.93K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-469.32K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-358.47K	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-168.93K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-469.32K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-358.47K	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-407.11K	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-213.80K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.89K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.65K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$-852.50K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-217.26K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-406.63K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	2 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$74.40K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-341.36K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.46K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$17.37K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$12.43K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.43K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.37K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-328.93K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.09K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$457.20K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.83K	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`	$48.92K	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`	$3.83K	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`	$48.92K	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.