10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001096906-16-001498`
Period End Date	20151231
Filing Date	20160329
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	fccn-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 35 Cash Flow Statement 28 Stockholders Equity 10

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	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`	$48.92K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.00K	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
Current assets	`AssetsCurrent`	$59.92K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Current assets	`AssetsCurrent`	$3.67K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in Kontexto, Inc.	`Investments`	$232.00K	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
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$5.00K	USD	Point-in-time
Total Assets	`Assets`	$296.92K	USD	Point-in-time
Total Assets	`Assets`	$3.67K	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
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$943.00	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$538.95K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$371.18K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$539.89K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$371.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$539.89K	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 shares issued and outstanding as of December 31, 2015 and 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 December 31, 2015 and 2014	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.45M	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`	$-26.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$143.08K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-314.65K	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterestInVariableInterestEntity`	$-217.35K	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterestInVariableInterestEntity`	$-221.56K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-536.21K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$5.94M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.67K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$296.92K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$76.28K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$225.15K	USD	Annual
Wages and benefits	`SalariesAndWages`	$149.79K	USD	Annual
Wages and benefits	`SalariesAndWages`	$151.02K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$330.76K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$349.99K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$623.89K	USD	Annual
Bad debt expense - related party	`BadDebtExpenseRelatedParty`	$323.98K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.71M	USD	Annual
Impairment of investments	`ImpairmentOfInvestments`	$237.00K	USD	Annual
Impairment of investments	`ImpairmentOfInvestments`	$3.29M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.65M	USD	Annual
Total operating expenses	`OperatingExpenses`	$813.06K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-6.65M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-813.06K	USD	Annual
Gain (loss) on foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.12K	USD	Annual
Gain (loss) on foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.65K	USD	Annual
Total other income (expense)	`OtherIncome`	$7.65K	USD	Annual
Total other income (expense)	`OtherIncome`	$1.12K	USD	Annual
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-811.95K	USD	Annual
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.64M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-811.95K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-6.64M	USD	Annual
Loss attributable to non-controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-4.21K	USD	Annual
Loss attributable to non-controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-2.02M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-4.62M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-807.73K	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	Annual
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	Annual

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-4.62M	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-807.73K	USD	Annual
Non-controlling interest	`MinorityInterestPeriodIncreaseDecrease`	$-4.21K	USD	Annual
Non-controlling interest	`MinorityInterestPeriodIncreaseDecrease`	$-2.02M	USD	Annual
Depreciation and amortization	`Depreciation`	$-1.71M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$349.99K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$623.89K	USD	Annual
Bad debt - accounts receivable - related party	`BadDebtAccountsReceivableRelatedParty`	$-323.98K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$237.00K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$3.29M	USD	Annual
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$11.00K	USD	Annual
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	Annual
Change in due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$148.58K	USD	Annual
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-943.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.43K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-710.29K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$19.18K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$-26.93K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.18K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.93K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-737.22K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.24K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	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`	$3.67K	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

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Balance	`StockholdersEquity`	$-536.21K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.94M	USD	Point-in-time
Stock-based compensation	`ShareBasedCompensation`	$349.99K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$623.89K	USD	Annual
Net loss	`ProfitLoss`	$-811.95K	USD	Annual
Net loss	`ProfitLoss`	$-6.64M	USD	Annual
Balance	`StockholdersEquity`	$-74.26K	USD	Point-in-time
Balance	`StockholdersEquity`	$-536.21K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.94M	USD	Point-in-time

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