10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001096906-19-000275`
Period End Date	20190630
Filing Date	20190806
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	fccn-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 30

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`	$830.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$307.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	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
Total current assets	`AssetsCurrent`	$658.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$830.00	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 assets	`Assets`	$658.00	USD	Point-in-time
Total assets	`Assets`	$830.00	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
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
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$742.83K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$837.42K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Deferred revenue	`DeferredRevenue`	$191.00	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$743.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$838.39K	USD	Point-in-time
Total liabilities	`Liabilities`	$743.61K	USD	Point-in-time
Total liabilities	`Liabilities`	$838.39K	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`	$-28.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-616.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-523.00K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-219.95K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-220.57K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-837.56K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$658.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$830.00	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	$96.00	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$72.00	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$19.18K	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$6.91K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$4.81K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$20.77K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$37.47K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$37.01K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$73.93K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$76.78K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$95.95K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$94.70K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$43.92K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.28K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-43.92K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-94.61K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-42.28K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-95.95K	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-43.92K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-95.95K	USD	2 Qtrs
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-42.28K	USD	1 Quarter
Loss from operations and before non-controlling interest and provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-94.61K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-94.61K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-42.28K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-43.92K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-95.95K	USD	2 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-525.00	USD	2 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-263.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-619.00	USD	2 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-312.00	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-93.99K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-42.02K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-95.43K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-43.61K	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
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	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 30 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-93.99K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-42.02K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-95.43K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-43.61K	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-525.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-619.00	USD	2 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$73.93K	USD	2 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$76.78K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$191.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.48K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.18K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$20.65K	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$18.79K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.65K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.79K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$172.00	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-385.00	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$830.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$307.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$830.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$307.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$692.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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