10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001254089-13-000099`
Period End Date	20130930
Filing Date	20131114
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	fulo-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 72 Cash Flow Statement 51

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.66K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.12K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.09K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.67K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	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`	$11.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.67K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$48.99K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$61.30K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$12.43K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$16.86K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$107.09K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$111.08K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$117.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$482.29K	USD	Point-in-time
Accrued and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$481.01K	USD	Point-in-time
Accrued and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Convertible notes payable, related party - current	`ConvertibleNotesPayableCurrent`	$304.21K	USD	Point-in-time
Convertible notes payable, related party - current	`ConvertibleNotesPayableCurrent`	$39.61K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$231.25K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$198.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$868.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party less current portion	`ConvertibleLongTermNotesPayable`	$242.04K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Preferred stock	`ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue`	$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`	$9.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.37M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.95M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$107.09K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$111.08K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$95.94K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$36.58K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$127.90K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$29.64K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$364.69K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$391.88K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$1.08M	USD	3 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$1.13M	USD	3 Qtrs
Total revenues	`Revenues`	$1.21M	USD	3 Qtrs
Total revenues	`Revenues`	$1.22M	USD	3 Qtrs
Total revenues	`Revenues`	$421.52K	USD	1 Quarter
Total revenues	`Revenues`	$401.27K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$83.83K	USD	3 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$27.82K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$28.55K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$98.97K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$258.41K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$83.08K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$90.82K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$267.69K	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$302.81K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$612.64K	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$343.56K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$926.31K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.37K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$26.05K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.97K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$986.53K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$469.16K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$422.84K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.31M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-21.57K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-47.64K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-104.63K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$238.29K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.29K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$17.05K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$15.40K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$5.64K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-121.68K	USD	3 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-27.21K	USD	1 Quarter
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$222.90K	USD	3 Qtrs
INCOME (LOSS) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.93K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$222.90K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-27.21K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-121.68K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-51.93K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividends`	-	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividends`	$-3.29K	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividends`	$-2.47K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividends`	-	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-54.39K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$219.61K	USD	3 Qtrs
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.21K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-121.68K	USD	3 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	3 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	3 Qtrs
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	$0.02	USD	3 Qtrs
Net income (loss) per share - assuming dilution	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	3 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.83M	shares	3 Qtrs
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.38M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.12M	shares	1 Quarter
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.17M	shares	3 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$222.90K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-27.21K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-121.68K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-51.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.37K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$26.05K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.97K	USD	1 Quarter
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$45.88K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.43K	USD	3 Qtrs
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$6.18K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$10.58K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$15.45K	USD	3 Qtrs
(Gain) on Series A convertible preferred stock issued in exchange for indebtedness	`GainOnSeriesAConvertiblePreferredStockIssuedInExchangeForIndebtedness`	$401.00K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.87K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.17K	USD	3 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$10.41K	USD	3 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-5.53K	USD	3 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$27.13K	USD	3 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$25.08K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$82.12K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$50.50K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.57K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$32.42K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.16K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.63K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.67K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.67K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.63K	USD	3 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$17.77K	USD	3 Qtrs
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$17.56K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.35K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.56K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.81K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.86K	USD	3 Qtrs
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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.66K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.12K	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 at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.66K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.12K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$17.14K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$14.01K	USD	3 Qtrs
Series A convertible preferred stock issued for settlement of debt and accrued interest	`SeriesAConvertiblePreferredStockIssuedForSettlementOfDebtAndAccruedInterest`	$2.39K	USD	3 Qtrs
Series A convertible preferred stock issued for settlement of accounts payable	`SeriesAConvertiblePreferredStockIssuedForSettlementOfAccountsPayable`	$12.18K	USD	3 Qtrs
Series A convertible preferred stock issued for settlement of deferred compensation	`SeriesAConvertiblePreferredStockIssuedForSettlementOfDeferredCompensation`	$656.13K	USD	3 Qtrs
Reclassification of accounts payable to convertible debt - related party	`ReclassificationOfAccountsPayableToConvertibleDebtRelatedParty`	$50.00K	USD	3 Qtrs

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