10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001254089-13-000088`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	fulo-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 80 Cash Flow Statement 49 Stockholders Equity 17

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.40K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$44.31K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$54.52K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.40K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.07K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.72K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.56K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$54.48K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$61.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.25K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.25K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$142.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.11K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$137.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$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`	$207.16K	USD	Point-in-time
Notes payable current	`NotesPayableCurrent`	$304.21K	USD	Point-in-time
Notes payable current	`NotesPayableCurrent`	$26.04K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$198.84K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$218.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$588.67K	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`	$244.27K	USD	Point-in-time
NOTES PAYABLE, less current portion	`LongTermNotesPayable`	$261.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.05M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$987.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$91.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$91.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.07M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-952.46K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$128.11K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$142.45K	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$42.04K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$66.30K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$91.32K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$31.89K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$378.47K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$330.70K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$712.53K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$737.01K	USD	2 Qtrs
Total revenues	`Revenues`	$803.85K	USD	2 Qtrs
Total revenues	`Revenues`	$410.36K	USD	1 Quarter
Total revenues	`Revenues`	$803.31K	USD	2 Qtrs
Total revenues	`Revenues`	$372.74K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$29.60K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$68.61K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$23.07K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$56.01K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$177.14K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$176.88K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$89.27K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$90.23K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$342.70K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$623.51K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$671.67K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$297.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$-12.45K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.84K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$-17.65K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.72K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$425.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$886.91K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$461.85K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$917.01K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-51.49K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-52.26K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-113.70K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-83.06K	USD	2 Qtrs
GAIN ON TROUBLED DEBT RESTRUCTURING	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	$394.82K	USD	2 Qtrs
GAIN ON TROUBLED DEBT RESTRUCTURING	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	$394.82K	USD	1 Quarter
GAIN ON TROUBLED DEBT RESTRUCTURING	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	-	USD	1 Quarter
GAIN ON TROUBLED DEBT RESTRUCTURING	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	-	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$5.61K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$5.72K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$11.41K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$11.11K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-94.47K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$270.01K	USD	2 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$337.62K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-57.87K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$270.01K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$337.62K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$337.62K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-57.87K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$270.01K	USD	2 Qtrs
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-94.47K	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.06M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.98M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	2 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.98M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.29M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.01M	shares	2 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.06M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$270.01K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$337.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$-12.45K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.84K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$-17.65K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.72K	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.59K	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$22.12K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$4.82K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$10.28K	USD	2 Qtrs
Gain on troubled debt restructuring	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	$394.82K	USD	2 Qtrs
Gain on troubled debt restructuring	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	$394.82K	USD	1 Quarter
Gain on troubled debt restructuring	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	-	USD	1 Quarter
Gain on troubled debt restructuring	`TroubledDebtRestructuringDebtorCurrentPeriodGainLossOnRestructuringNetOfTax`	-	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.82K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.49K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.27K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-7.67K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$45.50K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.18K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$63.53K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$17.59K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-13.04K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$19.20K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.11K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.42K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.63K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.63K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$11.19K	USD	2 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$11.76K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.19K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.34K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.28K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.58K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.40K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.40K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$11.51K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$9.85K	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-952.46K	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	9.12M	shares	Point-in-time
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.59K	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$22.12K	USD	2 Qtrs
Troubled debt restructuring	`PreferredStockIncludingAdditionalPaidInCapital`	$678.65K	USD	Point-in-time
Troubled debt restructuring, preferred shares	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Troubled debt restructuring, preferred shares	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Net income	`NetIncomeLoss`	$-94.47K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-57.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.01K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$337.62K	USD	1 Quarter
Stockholders' deficit	`StockholdersEquity`	$-1.92M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-952.46K	USD	Point-in-time
Preferred Shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Common Shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
Common Shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time

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