10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001096906-17-000689`
Period End Date	20170930
Filing Date	20171027
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	fccn-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 56 Cash Flow Statement 34

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`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`	$1.22K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$490.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$1.67K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$9.17K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.39K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.16K	USD	Point-in-time
Total assets	`Assets`	$10.39K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$2.16K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`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
Common Stock, Shares, Issued	`CommonStockSharesIssued`	117.86M	shares	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, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$780.00	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$862.63K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$724.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$727.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$863.41K	USD	Point-in-time
Total liabilities	`Liabilities`	$863.41K	USD	Point-in-time
Total liabilities	`Liabilities`	$727.26K	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Common shares	`CommonStockValue`	$11.79K	USD	Point-in-time
Common shares	`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`	$-28.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.96M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-498.15K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-642.30K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.39K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.16K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-218.73K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-218.95K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-861.25K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$4.76K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$30.86K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$32.38K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$5.87K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$113.52K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$113.20K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$38.39K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$38.01K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.88K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$145.58K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$144.38K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$43.15K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-43.15K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-43.88K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-145.58K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-144.38K	USD	3 Qtrs
Loss on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Loss on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.48K	USD	1 Quarter
Loss on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Loss on foreign currently translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-8.60K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-8.60K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-3.48K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-47.36K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-154.18K	USD	3 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-43.15K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-144.38K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-47.36K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-43.15K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-154.18K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-144.38K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.14K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$73.00	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.65K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-223.00	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-43.22K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-144.15K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-151.52K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-46.22K	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	3 Qtrs
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	3 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-43.22K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-144.15K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-151.52K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-46.22K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.14K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$73.00	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.65K	USD	3 Qtrs
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-223.00	USD	3 Qtrs
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-7.50K	USD	3 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$113.52K	USD	3 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$113.20K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-164.00	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.88K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.15K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.24K	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$39.74K	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$24.51K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.51K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$39.74K	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-732.00	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.41K	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$490.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$490.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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