10-K/A Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 FY 2012

Filing Information

Form Type	10-K/A
Accession Number	`0001254089-13-000022`
Period End Date	20121231
Filing Date	20130416
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	fulo-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 36 Cash Flow Statement 49 Stockholders Equity 28

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.98M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.31K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$79.54K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.12M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.40K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.56K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$78.14K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$61.30K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.91K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.25K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.11K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.87K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$395.20K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$482.29K	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$281.81K	USD	Point-in-time
Accrued and other liabilities, current portion	`OtherLiabilitiesCurrent`	$259.29K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$304.21K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$328.08K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$173.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$198.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$784.23K	USD	Point-in-time
ACCRUED AND OTHER LIABILITIES, less current portion	`OtherLiabilitiesNoncurrent`	$773.09K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$91.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$90.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$128.11K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$188.87K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$159.69K	USD	Annual
Access service revenues	`SalesRevenueNet`	$233.90K	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.43M	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.64M	USD	Annual
Total revenues	`Revenues`	$1.87M	USD	Annual
Total revenues	`Revenues`	$1.59M	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$172.94K	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$135.05K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$365.93K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$348.13K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.25M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.23M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.69K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$54.27K	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.82M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.76M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$52.21K	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-167.01K	USD	Annual
OTHER INCOME	`OtherIncome`	$37.27K	USD	Annual
OTHER INCOME	`OtherIncome`	-	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$-22.60K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$24.15K	USD	Annual
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$65.33K	USD	Annual
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-189.61K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$65.33K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-189.61K	USD	Annual
Net income (loss) per common share -basic	`EarningsPerShareBasic`	$-0.02	USD	Annual
Net income (loss) per common share -basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Net income (loss) per common share - assuming dilution	`EarningsPerShareDiluted`	$0.01	USD	Annual
Net income (loss) per common share - assuming dilution	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.32M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.09M	shares	Annual
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.44M	shares	Annual
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.27M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$65.33K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-189.61K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.69K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$54.27K	USD	Annual
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.41K	USD	Annual
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.56K	USD	Annual
Other income	`OtherIncome`	$37.27K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$15.40K	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$3.08K	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.82K	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-29.23K	USD	Annual
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$7.89K	USD	Annual
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-8.20K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.68K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$90.36K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$33.65K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-24.19K	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.88K	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$40.09K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.50K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.75K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-36.91K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-14.19K	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$-10.06K	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.97K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.19K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-23.87K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-23.11K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.46K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.20K	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.26K	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	Point-in-time
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.65K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.45K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$131.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-140.00	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$20.94K	USD	Annual
Cash paid for interest	`InterestPaid`	$21.70K	USD	Annual
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$3.27K	USD	Annual
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$1.11K	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	8.98M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	9.12M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	7.85M	shares	Point-in-time
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.41K	USD	Annual
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.56K	USD	Annual
Stock options exercise	`ProceedsFromStockOptionsExercised`	$8.46K	USD	Annual
Stock options exercise	`ProceedsFromStockOptionsExercised`	$420.00	USD	Annual
Stock options exercise	`ProceedsFromStockOptionsExercised`	$1.20K	USD	Point-in-time
Stock options exercise	`ProceedsFromStockOptionsExercised`	$7.26K	USD	Point-in-time
Stock options exercise	`ProceedsFromStockOptionsExercised`	$420.00	USD	Point-in-time
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.13M	shares	Annual
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	Point-in-time
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	Annual
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	725,697.00	shares	Point-in-time
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	400,000.00	shares	Point-in-time
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$3.27K	USD	Annual
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$1.11K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$65.33K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-189.61K	USD	Annual
Stockholders' deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	8.98M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	9.12M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	7.85M	shares	Point-in-time

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