10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001096906-22-002825`
Period End Date	20220930
Filing Date	20221121
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	fccn-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 52 Cash Flow Statement 39 Stockholders Equity 17

Balance Sheet 51 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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.07K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Cash and cash equivalents	`AccountsReceivableNet`	$74.41K	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`	-	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 current assets	`AssetsCurrent`	$75.48K	USD	Point-in-time
Total assets	`Assets`	$264.00	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
Total assets	`Assets`	$75.48K	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
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`	$101.35K	USD	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`	$108.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$209.35K	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`	$-28.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.02M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$87.91K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.72K	USD	Point-in-time
Noncontrolling interest in subsidiary	`MinorityInterest`	$-221.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-133.87K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$264.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$75.48K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	$3.07M	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	3 Qtrs
Costs of sales	`CostsOfSales`	$2.89M	USD	3 Qtrs
Costs of sales	`CostsOfSales`	$-234.06K	USD	1 Quarter
Gross income (loss)	`GrossProfit`	-	USD	1 Quarter
Gross income (loss)	`GrossProfit`	$234.06K	USD	1 Quarter
Gross income (loss)	`GrossProfit`	-	USD	3 Qtrs
Gross income (loss)	`GrossProfit`	$176.22K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$251.15K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$25.32K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$112.45K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$5.05K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$108.00K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$108.00K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$148.45K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.32K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$359.15K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$41.05K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$85.61K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-133.32K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-182.93K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-41.05K	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-54.00	USD	3 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-48.00	USD	3 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-22.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-133.28K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-41.03K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-182.88K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$85.64K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	3 Qtrs
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	117.86M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	117.86M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	420.18M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	321.59M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.86M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	321.59M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	420.18M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.86M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-133.28K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-41.03K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-182.88K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$85.64K	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-22.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-54.00	USD	3 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-48.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$74.41K	USD	3 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$108.00K	USD	3 Qtrs
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$108.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.22K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-626.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.12K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.95K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$25.85K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.93K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.85K	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$810.00	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-98.00	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.07K	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`	$315.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.07K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	3 Qtrs
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	3 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	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`	$-133.87K	USD	Point-in-time
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-133.28K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-41.03K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-182.88K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$85.64K	USD	1 Quarter
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	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`	$-133.87K	USD	Point-in-time
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-22.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-54.00	USD	3 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-48.00	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	3 Qtrs
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	3 Qtrs
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	3 Qtrs

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