10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001096906-18-000237`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fccn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 24 Cash Flow Statement 28

Balance Sheet 48 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`	$852.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$647.00	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
Total current assets	`AssetsCurrent`	$647.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$692.00	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 assets	`Assets`	$692.00	USD	Point-in-time
Total assets	`Assets`	$647.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$779.00	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$779.00	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$618.14K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$564.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$618.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$565.29K	USD	Point-in-time
Total liabilities	`Liabilities`	$618.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$565.29K	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`	$27.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.14M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-345.47K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-398.88K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$647.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$692.00	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-219.13K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-219.39K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-564.60K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-618.27K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$14.37K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$18.36K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$39.31K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$37.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.68K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$55.42K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-53.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-55.42K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-55.42K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-53.68K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-55.42K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-53.68K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-196.00	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-262.00	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-55.22K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-53.41K	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
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter
Weighted-average shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.86M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-55.22K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-53.41K	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-196.00	USD	1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-262.00	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-2.50K	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$37.06K	USD	1 Quarter
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$39.31K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.86K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.37K	USD	1 Quarter
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$14.32K	USD	1 Quarter
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$15.48K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.48K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.32K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.00	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-370.00	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$852.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$647.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$852.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$647.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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