10-Q Filing

SPECTRAL CAPITAL CORP CIK: 1131903 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-002141`
Period End Date	20230930
Filing Date	20231113
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	fccn-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 24

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`	$1.12K	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`	$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
Current assets	`AssetsCurrent`	$35.67K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current assets	`AssetsCurrent`	$1.12K	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`	$1.12K	USD	Point-in-time
Total assets	`Assets`	$35.67K	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`	$330.17K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$5.88K	USD	Point-in-time
Related party advances and accruals	`RelatedPartyAdvancesAndAccruals`	$5.50K	USD	Point-in-time
Short-term advances	`ShortTermAdvances`	$30.20K	USD	Point-in-time
Short-term advances	`ShortTermAdvances`	-	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$227.67K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$366.25K	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`	$-29.25M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-143.28K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$29.79K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.80K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-221.85K	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`	$-219.49K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-365.13K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-133.87K	USD	Point-in-time
Total stockholders' deficit - Spectral Capital Corp	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.12K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$35.67K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	$176.22K	USD	3 Qtrs
Costs of sales	`CostsOfSales`	-	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	3 Qtrs
Costs of sales	`CostsOfSales`	$-234.06K	USD	1 Quarter
Costs of sales	`CostsOfSales`	-	USD	3 Qtrs
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	3 Qtrs
Gross loss	`GrossProfit`	$176.22K	USD	3 Qtrs
Gross loss	`GrossProfit`	$234.06K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$251.15K	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$9.72K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$112.45K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$65.13K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$108.00K	USD	3 Qtrs
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$36.00K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$108.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$359.15K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$148.45K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$45.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.13K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-182.93K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-173.13K	USD	3 Qtrs
Net loss before non-controlling interest	`ProfitLoss`	$-45.72K	USD	1 Quarter
Net loss before non-controlling interest	`ProfitLoss`	$85.61K	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-54.00	USD	3 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-54.00	USD	3 Qtrs
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-18.00	USD	1 Quarter
Income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-22.00	USD	1 Quarter
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-173.08K	USD	3 Qtrs
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$85.64K	USD	1 Quarter
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-182.88K	USD	3 Qtrs
Net loss before non-controlling interest	`NetIncomeLossAttributableToSpectralCapitalCorporation`	$-45.70K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
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	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.02M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	32.16M	shares	3 Qtrs
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.02M	shares	1 Quarter
Weighted average shares - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.02M	shares	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$85.64K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-182.88K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-173.08K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-45.70K	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`	$-18.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-54.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$74.41K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.00K	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`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.22K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.12K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.13K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Short-term advances	`ProceedsFromRelatedPartyDebt`	$30.20K	USD	3 Qtrs
Short-term advances	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyAdvances`	$377.00	USD	3 Qtrs
Proceeds from related party advances	`ProceedsFromRelatedPartyAdvances`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.58K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.93K	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$810.00	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-9.56K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.12K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.00	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`	$1.07K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.12K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$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	`ConversionOfConvertibleNote`	-	USD	3 Qtrs
Exchange of related party advances and accruals for a convertible note payable and subsequent conversion into common stock	`ConversionOfConvertibleNote`	$1.26M	USD	3 Qtrs

Stockholders Equity 24 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`	$-219.49K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-365.13K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-133.87K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	USD	Point-in-time
Conversion of convertible note	`ConversionOfConvertibleNote`	-	USD	3 Qtrs
Conversion of convertible note	`ConversionOfConvertibleNote`	$1.26M	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$85.64K	USD	1 Quarter
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-182.88K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-173.08K	USD	3 Qtrs
Net loss attributable to Spectral Capital Corporation	`NetIncomeLoss`	$-45.70K	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`	$-219.49K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-365.13K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-133.87K	USD	Point-in-time
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-319.41K	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`	$-18.00	USD	1 Quarter
Non-controlling interest	`IncreaseDecreaseInNonControllingInterest`	$-54.00	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.93K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs

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