10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-001585`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	fccn-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 26

Balance Sheet 50 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56K	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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$25.00K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current assets	`AssetsCurrent`	$1.56K	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
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`	$1.56K	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
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`	42.02M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$298.47K	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`	$5.50K	USD	Point-in-time
Short-term advances	`ShortTermAdvances`	-	USD	Point-in-time
Short-term advances	`ShortTermAdvances`	$17.00K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$227.67K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$320.97K	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`	$4.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.21M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$29.79K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-97.58K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.80K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.83K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.20M	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 liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$35.67K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.56K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Costs of sales	`CostsOfSales`	-	USD	2 Qtrs
Costs of sales	`CostsOfSales`	$57.84K	USD	2 Qtrs
Costs of sales	`CostsOfSales`	$156.30K	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	2 Qtrs
Gross loss	`GrossProfit`	$-57.84K	USD	2 Qtrs
Gross loss	`GrossProfit`	$-156.30K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$138.70K	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$55.41K	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$27.90K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$90.14K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	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
Total operating expenses	`OperatingExpenses`	$63.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$127.41K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$126.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$210.70K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-268.54K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-127.41K	USD	2 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-282.44K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$-63.90K	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.00	USD	2 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-18.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.00	USD	2 Qtrs
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-127.38K	USD	2 Qtrs
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-268.51K	USD	2 Qtrs
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-63.88K	USD	1 Quarter
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-282.43K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	27.15M	shares	2 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	38.97M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.02M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.02M	shares	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-268.51K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-282.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-63.88K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-127.38K	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-32.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-36.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-14.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.33M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.00K	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`	$4.30K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.11K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.28K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Short-term advances	`ProceedsFromRelatedPartyDebt`	$17.00K	USD	2 Qtrs
Short-term advances	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.93K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.00K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-9.11K	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$88.21K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.47K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.00	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.47K	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	`ConversionOfConvertibleNote`	$1.26M	USD	1 Quarter
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ConversionOfConvertibleNote`	-	USD	2 Qtrs
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ConversionOfConvertibleNote`	$1.26M	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	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`	$-192.00K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Conversion of convertible note	`ConversionOfConvertibleNote`	$1.26M	USD	1 Quarter
Conversion of convertible note	`ConversionOfConvertibleNote`	-	USD	2 Qtrs
Conversion of convertible note	`ConversionOfConvertibleNote`	$1.26M	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-268.51K	USD	2 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-282.43K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-63.88K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-127.38K	USD	2 Qtrs
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-255.52K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-219.49K	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`	$-192.00K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.26M	USD	Point-in-time
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-32.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-36.00	USD	2 Qtrs
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-14.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-18.00	USD	1 Quarter

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