10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-001078`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	fccn-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 26 Cash Flow Statement 36 Stockholders Equity 14

Balance Sheet 46 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`	$10.67K	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`	$2.16K	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
Accounts receivable	`AccountsReceivableNet`	$9.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$25.00K	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
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.16K	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`	$35.67K	USD	Point-in-time
Total assets	`Assets`	$11.16K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	42.02M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	42.02M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$222.17K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$261.17K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$5.50K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$5.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$227.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.67K	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares	`PreferredStockValue`	-	USD	Point-in-time
Common shares	`CommonStockValue`	$42.02K	USD	Point-in-time
Common shares	`CommonStockValue`	$4.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.14M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-33.70K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$29.79K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.81K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.80K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-192.00K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.16K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$35.67K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$99.00K	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	1 Quarter
Gross income	`GrossProfit`	$99.00K	USD	1 Quarter
Gross income	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$27.52K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$48.56K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$84.56K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.52K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-63.52K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$14.44K	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-18.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-18.00	USD	1 Quarter
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-63.50K	USD	1 Quarter
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$14.45K	USD	1 Quarter
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	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	15.20M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.02M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.43M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.02M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-63.50K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$13.92K	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$247.00K	USD	1 Quarter
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$36.00K	USD	1 Quarter
Due to related parties - accrued salary	`IncreaseDecreaseInDueToRelatedParties`	$36.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.46K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.52K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.36K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from related party advances	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$86.29K	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-8.52K	USD	1 Quarter
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.55K	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`	$2.16K	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.55K	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`	$2.16K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
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	1 Quarter

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`	$-1.20M	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-63.50K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$13.92K	USD	1 Quarter
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`	$-1.20M	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	1 Quarter

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