10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001096906-22-001962`
Period End Date	20220630
Filing Date	20220819
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	fccn-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 52 Cash Flow Statement 42 Stockholders Equity 26

Balance Sheet 54 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`	$305.00	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`	$88.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`AccountsReceivableNet`	-	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
Cash and cash equivalents	`AccountsReceivableNet`	$2.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.00	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`	$264.00	USD	Point-in-time
Total assets	`Assets`	$2.42M	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`	420.18M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	420.18M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.57M	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`	$1.14K	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$1.26M	USD	Point-in-time
Related party advances and accruals	`DueToRelatedPartiesCurrent`	$72.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.64M	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`	$42.02K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.79M	USD	Point-in-time
Intercompany	`Intercompany`	-	USD	Point-in-time
Intercompany	`Intercompany`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$2.27K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.76K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.72K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.42M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$264.00	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$3.07M	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	$2.62M	USD	1 Quarter
Costs of sales	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Costs of sales	`CostOfGoodsAndServicesSold`	$2.77M	USD	1 Quarter
Costs of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Costs of sales	`CostOfGoodsAndServicesSold`	$3.13M	USD	2 Qtrs
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	$-156.30K	USD	1 Quarter
Gross loss	`GrossProfit`	$-57.84K	USD	2 Qtrs
Gross loss	`GrossProfit`	-	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$138.70K	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$90.14K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$20.27K	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$15.66K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$72.00K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$72.00K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$92.28K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$51.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$210.70K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-92.28K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-268.54K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-282.44K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-51.66K	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-15.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.00	USD	2 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-29.00	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-51.65K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-92.25K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-282.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-268.51K	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	117.86M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	271.48M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	389.68M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	117.86M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	271.48M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.86M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.86M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	389.68M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-51.65K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-92.25K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-282.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-268.51K	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-29.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-14.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-15.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-32.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.33M	USD	2 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$72.00K	USD	2 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$72.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.57M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-628.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.28K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.90K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$20.80K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.93K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.80K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$88.21K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-108.00	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$305.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$305.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	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
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	2 Qtrs
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	1 Quarter
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
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`	$-1.18M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	USD	Point-in-time
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-51.65K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-92.25K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-282.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-268.51K	USD	2 Qtrs
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`	$-1.18M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	USD	Point-in-time
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-29.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-14.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-15.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-32.00	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	2 Qtrs
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	1 Quarter
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	2 Qtrs

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