10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001096906-17-000215`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	fccn-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 30 Cash Flow Statement 27 Stockholders Equity 11

Balance Sheet 50 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`	$3.67K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.17K	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
Current assets	`AssetsCurrent`	$10.39K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$10.39K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$3.67K	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
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.66K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	1.65M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$724.60K	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
Current liabilities	`LiabilitiesCurrent`	$727.26K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$539.89K	USD	Point-in-time
Total Liabilities	`Liabilities`	$539.89K	USD	Point-in-time
Total Liabilities	`Liabilities`	$727.26K	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, 2016 and 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 December 31, 2016 and 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`	$-27.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-498.15K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-314.65K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-218.73K	USD	Point-in-time
Non-controlling interest	`MembersEquityAttributableToNoncontrollingInterest`	$-221.56K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-536.21K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.26K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.67K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.39K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$39.91K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$76.28K	USD	Annual
Wages and benefits	`SalariesAndWages`	$149.79K	USD	Annual
Wages and benefits	`SalariesAndWages`	$149.97K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$-349.99K	USD	Annual
Impairment of investments	`ImpairmentOfInvestments`	$237.00K	USD	Annual
Impairment of investments	`ImpairmentOfInvestments`	$305.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$813.06K	USD	Annual
Total operating expenses	`OperatingExpenses`	$189.88K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-189.88K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-813.06K	USD	Annual
Gain (loss) on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-9.22K	USD	Annual
Gain (loss) on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.12K	USD	Annual
Total other income (expense)	`OtherExpenses`	$1.12K	USD	Annual
Total other income (expense)	`OtherExpenses`	$9.22K	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`	$-180.66K	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`	$-180.66K	USD	Annual
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$2.83K	USD	Annual
(Income) loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-4.21K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-807.73K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-183.49K	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 27 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-807.73K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-183.49K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.83K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.21K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$-349.99K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$237.00K	USD	Annual
Impairment of investments and assets	`ImpairmentOfInvestments`	$305.00K	USD	Annual
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$9.17K	USD	Annual
Change in prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	Annual
Change in due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$149.97K	USD	Annual
Change in due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$148.58K	USD	Annual
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.72K	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`	$-38.13K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$35.68K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$19.18K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.18K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.68K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.45K	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`	$48.92K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	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`	$48.92K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-536.21K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.26K	USD	Point-in-time
Non-controlling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$-4.21K	USD	Annual
Non-controlling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$2.83K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$-349.99K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-807.73K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-183.49K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-536.21K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.26K	USD	Point-in-time

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