10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001096906-16-001797`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	fccn-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 50 Cash Flow Statement 32

Balance Sheet 48 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`	$48.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	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`	$2.73K	USD	Point-in-time
Current assets	`AssetsCurrent`	$3.67K	USD	Point-in-time
Total Assets	`Assets`	$3.67K	USD	Point-in-time
Total Assets	`Assets`	$2.73K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$943.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$779.00	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$538.95K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$644.98K	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
Current liabilities	`LiabilitiesCurrent`	$539.89K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$645.76K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Total Liabilities	`Liabilities`	$539.89K	USD	Point-in-time
Total Liabilities	`Liabilities`	$645.76K	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 March 31, 2016 and December 31, 2015	`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 March 31, 2016 and December 31, 2015	`CommonStockValue`	$11.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-314.65K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-419.96K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-221.56K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-223.07K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-643.03K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-536.21K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.67K	USD	Point-in-time

Income Statement 50 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`	$6.69K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$26.84K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$26.51K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$73.46K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$74.40K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$37.94K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$75.19K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$39.34K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-217.26K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$365.12K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$101.70K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$44.62K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$174.82K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-44.62K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-174.82K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-101.70K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-365.12K	USD	2 Qtrs
Gain (loss) on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.84K	USD	1 Quarter
Gain (loss) on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$5.12K	USD	2 Qtrs
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	$-5.12K	USD	2 Qtrs
Total other income (expensee)	`OtherOperatingIncomeExpenseNet`	$5.84K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-38.79K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-365.12K	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-106.82K	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-174.82K	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
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-365.12K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-174.82K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-38.79K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-106.82K	USD	2 Qtrs
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-1.51K	USD	2 Qtrs
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-6.65K	USD	2 Qtrs
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$1.65K	USD	1 Quarter
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-5.89K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-168.93K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-105.31K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-40.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-358.47K	USD	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
Weighted average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-168.93K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-105.31K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-40.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-358.47K	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.65K	USD	2 Qtrs
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.51K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-108.63K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-217.26K	USD	2 Qtrs
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	2 Qtrs
Change in due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$74.40K	USD	2 Qtrs
Change in due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$75.19K	USD	2 Qtrs
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-163.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.46K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.80K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$17.37K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$30.85K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.37K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.85K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.09K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-949.00	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.92K	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`	$2.73K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	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`	$3.83K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	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.