10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001096906-21-000354`
Period End Date	20201231
Filing Date	20210218
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	fccn-20201231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 18 Cash Flow Statement 28 Stockholders Equity 10

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`	$413.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$853.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$853.00	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`	$413.00	USD	Point-in-time
Total assets	`Assets`	$413.00	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$853.00	USD	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
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, Issued	`CommonStockSharesIssued`	117.86M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.41K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$1.09M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	117.86M	shares	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$921.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$922.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$922.75K	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`	$-28.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.67M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-700.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-868.59K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.66K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.90K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$413.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$853.00	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$239.00	USD	Annual
Revenues	`Revenues`	$48.00	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$30.30K	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$24.40K	USD	Annual
Wages and benefits	`SalariesAndWages`	$148.89K	USD	Annual
Wages and benefits	`SalariesAndWages`	$144.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$179.18K	USD	Annual
Total operating expenses	`OperatingExpenses`	$168.40K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-168.35K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-178.94K	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.13K	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-578.00	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.81K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-167.77K	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 28 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.81K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-167.77K	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-578.00	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-1.13K	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$148.89K	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$144.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$627.00	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-48.00	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$48.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.01K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.77K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$30.20K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$23.33K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.33K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.20K	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-440.00	USD	Annual
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$195.00	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$853.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$853.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$658.00	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

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.90K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-177.81K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-167.77K	USD	Annual
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.90K	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-742.96K	USD	Point-in-time
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-578.00	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-1.13K	USD	Annual

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