10-K Filing

SURFACE COATINGS, INC. CIK: 1393356 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001121781-14-000091`
Period End Date	20131231
Filing Date	20140415
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	sctz-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 26 Income Statement 24 Cash Flow Statement 44 Stockholders Equity 18

Balance Sheet 26 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`	3.94M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	3.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	3.94M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$300.00	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
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$19.26K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Due to Related Parties	`AccountsPayableRelatedPartiesCurrent`	$47.79K	USD	Point-in-time
Due to Related Parties	`AccountsPayableRelatedPartiesCurrent`	$65.19K	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, 3,939,000 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, 3,939,000 and 3,789,000 shares issued and outstanding, respectively	`CommonStockValue`	$3.94K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-325.59K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-84.44K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-47.49K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cost of Sales	`CostOfGoodsSold`	-	USD	Annual
Cost of Sales	`CostOfGoodsSold`	-	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$62.37K	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$81.96K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$62.37K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$81.96K	USD	Annual
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-62.37K	USD	Annual
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-81.96K	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-27.08K	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-89.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-81.96K	USD	Annual
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.09M	shares	Annual
Basic and diluted average weighted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.68M	shares	Annual
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted net loss per share from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	Annual
Basic and diluted net loss per share from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-89.45K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-81.96K	USD	Annual
Depreciation	`Depreciation`	$8.34K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Stock Issued for Services	`StockIssuedDuringPeriodValueOther`	$45.00K	USD	Annual
Stock Issued for Services	`StockIssuedDuringPeriodValueOther`	$26.00K	USD	Annual
Bad Debt Expense	`InterestAndDebtExpense`	-	USD	Annual
Bad Debt Expense	`InterestAndDebtExpense`	$4.30K	USD	Annual
Change in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Change in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-59.49K	USD	Annual
Change in Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Change in Inventory	`IncreaseDecreaseInInventories`	$-6.79K	USD	Annual
Change in Other Assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	Annual
Change in Other Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-16.54K	USD	Annual
Change in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$14.87K	USD	Annual
Change in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$19.26K	USD	Annual
Change in Accounts Payable - Related Party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$29.86K	USD	Annual
Change in Accounts Payable - Related Party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$17.40K	USD	Annual
Change in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Change in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.41K	USD	Annual
CASH FLOWS PROVIDED BY (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-300.00	USD	Annual
CASH FLOWS PROVIDED BY (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-85.49K	USD	Annual
Transfer of cash in sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$-22.27K	USD	Annual
Transfer of cash in sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	Annual
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-22.27K	USD	Annual
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from (Payments on) Line-of-Credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$15.74K	USD	Annual
Proceeds from (Payments on) Line-of-Credit	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	-	USD	Annual
Payments on Capitalized Lease Commitment	`ReductionOfShortTermCapitalLeaseObligations`	-	USD	Annual
Payments on Capitalized Lease Commitment	`ReductionOfShortTermCapitalLeaseObligations`	$-1.11K	USD	Annual
Payments on Notes to Related Parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on Notes to Related Parties	`RepaymentsOfRelatedPartyDebt`	$23.02K	USD	Annual
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-8.39K	USD	Annual
NET (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-300.00	USD	Annual
NET (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-116.15K	USD	Annual
Cash, beginning of period	`Cash`	-	USD	Point-in-time
Cash, beginning of period	`Cash`	$300.00	USD	Point-in-time
Cash, beginning of period	`Cash`	$116.45K	USD	Point-in-time
Cash, end of period	`Cash`	-	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
Interest paid	`InterestPaid`	$4.20K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Beginning Balance (Shares)	`CommonStockSharesOutstanding`	3.94M	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`	$3.94K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$237.20K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$192.35K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-325.59K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time
Shares Issued for Services, Value	`StockIssuedDuringPeriodValueOther`	$26.00K	USD	Annual
Shares Issued for Services, Value	`StockIssuedDuringPeriodValueOther`	$45.00K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-89.45K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-81.96K	USD	Annual
Common Stock, Ending Balance (Shares)	`CommonStockSharesOutstanding`	3.94M	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`	$3.94K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-325.59K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-243.63K	USD	Point-in-time

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