10-K Filing

SPECTRAL CAPITAL CORP CIK: 1131903 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001096906-23-000648`
Period End Date	20221231
Filing Date	20230327
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	fccn-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 26 Cash Flow Statement 34 Stockholders Equity 14

Balance Sheet 45 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`	$10.67K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.00	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$25.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$264.00	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$35.67K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$264.00	USD	Point-in-time
Total assets	`Assets`	$35.67K	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`	1.00B	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	42.02M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.79M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.14K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$222.17K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$5.50K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$1.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$227.67K	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Common shares	`CommonStockValue`	$4.20K	USD	Point-in-time
Common shares	`CommonStockValue`	$1.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$29.79K	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`	$-221.80K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-192.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$35.67K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$264.00	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	$98.32K	USD	Annual
Costs of sales	`CostsOfSales`	-	USD	Annual
Costs of sales	`CostsOfSales`	-	USD	Annual
Gross income	`GrossProfit`	$98.32K	USD	Annual
Gross income	`GrossProfit`	-	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$28.23K	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$195.38K	USD	Annual
Wages and benefits	`SalariesAndWages`	$144.00K	USD	Annual
Wages and benefits	`SalariesAndWages`	$144.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$339.38K	USD	Annual
Total operating expenses	`OperatingExpenses`	$172.23K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-172.23K	USD	Annual
Net loss before non-controlling interest	`ProfitLoss`	$-241.06K	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-61.00	USD	Annual
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-72.00	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-240.99K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-172.17K	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	11.86M	shares	Annual
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	34.64M	shares	Annual
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.86M	shares	Annual
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.64M	shares	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-240.99K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-172.17K	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-72.00	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-61.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$144.00K	USD	Annual
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$144.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-270.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$77.04K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.50K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.02K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$5.50K	USD	Annual
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	$28.35K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.43K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.35K	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$10.41K	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-149.00	USD	Annual
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67K	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$413.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67K	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$413.00	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
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	Annual
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-192.00K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-240.99K	USD	Annual
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-172.17K	USD	Annual
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-192.00K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	Point-in-time
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-72.00	USD	Annual
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-61.00	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	Annual
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	-	USD	Annual
Conversion of convertible note	`ExchangeOfRelatedPartyAdvancesAndAccrualsForAConvertibleNotePayable`	$1.26M	USD	Annual

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