10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001096906-19-000093`
Period End Date	20181231
Filing Date	20190313
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	fccn-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 24 Cash Flow Statement 30 Stockholders Equity 12

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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$692.00	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`	$658.00	USD	Point-in-time
Total assets	`Assets`	$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`	$658.00	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
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`	$742.83K	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
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$564.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$743.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$565.29K	USD	Point-in-time
Total liabilities	`Liabilities`	$743.61K	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`	$-28.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-345.47K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-219.13K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-219.95K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-564.60K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$658.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$692.00	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$28.43K	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$38.89K	USD	Annual
Wages and benefits	`SalariesAndWages`	$151.12K	USD	Annual
Wages and benefits	`SalariesAndWages`	$149.93K	USD	Annual
Total operating expenses	`OperatingExpenses`	$190.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$178.36K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-178.36K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-190.00K	USD	Annual
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-178.36K	USD	Annual
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-190.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-190.00K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-178.36K	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-824.00	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-403.00	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-189.60K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.53K	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	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 30 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-189.60K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.53K	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-403.00	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-824.00	USD	Annual
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Prepaids and other assets	`IncreaseDecreaseInPrepaidExpense`	$-9.17K	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$149.93K	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$151.12K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.88K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.61K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.43K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$31.07K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$28.39K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.39K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.07K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.00	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-530.00	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Relief of related party advances and accruals treated as a capital contribution to additional paid-in capital	`ReliefOfRelatedPartyAdvancesAndAccrualsTreatedAsACapitalContributionToAdditionalPaidInCapital`	$342.28K	USD	Annual
Relief of related party advances and accruals treated as a capital contribution to additional paid-in capital	`ReliefOfRelatedPartyAdvancesAndAccrualsTreatedAsACapitalContributionToAdditionalPaidInCapital`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-564.60K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time
Transfer of subsidiary shares to noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$-824.00	USD	Annual
Transfer of subsidiary shares to noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$-403.00	USD	Annual
Relief of related party advances and accruals treated as a capital contribution to additional paid-in capital	`ReliefOfRelatedPartyAdvancesAndAccrualsTreatedAsACapitalContributionToAdditionalPaidInCapital`	$342.28K	USD	Annual
Relief of related party advances and accruals treated as a capital contribution to additional paid-in capital	`ReliefOfRelatedPartyAdvancesAndAccrualsTreatedAsACapitalContributionToAdditionalPaidInCapital`	-	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-189.60K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.53K	USD	Annual
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-564.60K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-716.87K	USD	Point-in-time

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