10-Q Filing

SURFACE COATINGS, INC. CIK: 1393356 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001121781-13-000332`
Period End Date	20130630
Filing Date	20130819
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	sctz-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 48 Cash Flow Statement 44 Stockholders Equity 18

Balance Sheet 25 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	3.79M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	3.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$300.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$210.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$9.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Due to Related Parties	`AccountsPayableRelatedPartiesCurrent`	$47.79K	USD	Point-in-time
Due to Related Parties	`AccountsPayableRelatedPartiesCurrent`	$59.04K	USD	Point-in-time
Preferred stock, $.001 par value, 20,000,000 shares authorized, -0- shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 20,000,000 shares authorized, -0- shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 3,789,000 and 3,789,000 shares issued and outstanding, respectively	`CommonStockValue`	$3.79K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 3,789,000 and 3,789,000 shares issued and outstanding, respectively	`CommonStockValue`	$3.79K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-263.97K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-67.83K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-47.49K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$20.34K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$23.90K	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$14.04K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$5.21K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$14.04K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$23.90K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$20.34K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$5.21K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-5.21K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-23.90K	USD	2 Qtrs
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-14.04K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-20.34K	USD	2 Qtrs
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-20.34K	USD	2 Qtrs
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-27.08K	USD	2 Qtrs
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$21.33K	USD	1 Quarter
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.04K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.34K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-50.98K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$16.12K	USD	1 Quarter
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.79M	shares	2 Qtrs
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.58M	shares	2 Qtrs
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.58M	shares	1 Quarter
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.79M	shares	1 Quarter
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-14.04K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-20.34K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-50.98K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$16.12K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$8.34K	USD	2 Qtrs
Bad Debt Expense	`InterestAndDebtExpense`	-	USD	2 Qtrs
Bad Debt Expense	`InterestAndDebtExpense`	$4.30K	USD	2 Qtrs
Change in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Change in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-59.49K	USD	2 Qtrs
Change in Inventory	`IncreaseDecreaseInInventories`	$-6.79K	USD	2 Qtrs
Change in Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Change in Other Assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Change in Other Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-16.54K	USD	2 Qtrs
Change in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$9.00K	USD	2 Qtrs
Change in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$14.87K	USD	2 Qtrs
Change in Accounts Payable - Related Party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$19.04K	USD	2 Qtrs
Change in Accounts Payable - Related Party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$11.25K	USD	2 Qtrs
Change in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Change in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.91K	USD	2 Qtrs
CASH FLOWS PROVIDED BY (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-90.00	USD	2 Qtrs
CASH FLOWS PROVIDED BY (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-83.34K	USD	2 Qtrs
Transfer of cash in sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$-22.27K	USD	2 Qtrs
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-22.27K	USD	2 Qtrs
Proceeds from (Payments on) Line-of-Credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$15.74K	USD	2 Qtrs
Proceeds from (Payments on) Line-of-Credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	-	USD	2 Qtrs
Payments on Capitalized Lease Commitment	`ReductionOfShortTermCapitalLeaseObligations`	-	USD	2 Qtrs
Payments on Capitalized Lease Commitment	`ReductionOfShortTermCapitalLeaseObligations`	$-1.11K	USD	2 Qtrs
Payments on Notes to Related Parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments on Notes to Related Parties	`RepaymentsOfRelatedPartyDebt`	$23.02K	USD	2 Qtrs
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-8.39K	USD	2 Qtrs
NET (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-114.00K	USD	2 Qtrs
NET (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-90.00	USD	2 Qtrs
Cash, beginning of period	`Cash`	$300.00	USD	Point-in-time
Cash, beginning of period	`Cash`	$116.45K	USD	Point-in-time
Cash, beginning of period	`Cash`	$210.00	USD	Point-in-time
Cash, beginning of period	`Cash`	$2.45K	USD	Point-in-time
Cash, end of period	`Cash`	$300.00	USD	Point-in-time
Cash, end of period	`Cash`	$116.45K	USD	Point-in-time
Cash, end of period	`Cash`	$210.00	USD	Point-in-time
Cash, end of period	`Cash`	$2.45K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	$4.20K	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Beginning Balance (Shares)	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Common Stock, Beginning Balance (Shares)	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Common Stock, Beginning Balance (Value)	`CommonStockValue`	$3.79K	USD	Point-in-time
Common Stock, Beginning Balance (Value)	`CommonStockValue`	$3.79K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$192.35K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$192.35K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-263.97K	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$16.12K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-50.98K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-14.04K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-20.34K	USD	2 Qtrs
Common Stock, Ending Balance (Shares)	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Common Stock, Ending Balance (Shares)	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Common Stock, Ending Balance (Value)	`CommonStockValue`	$3.79K	USD	Point-in-time
Common Stock, Ending Balance (Value)	`CommonStockValue`	$3.79K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-263.97K	USD	Point-in-time

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