10-K Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001254089-14-000015`
Period End Date	20131231
Filing Date	20140331
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	fulo-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 38 Cash Flow Statement 53 Stockholders Equity 28

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$15.67K	USD	Point-in-time
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$17.54K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.73K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.34K	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
Total current assets	`AssetsCurrent`	$32.92K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$44.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$55.84K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$10.95K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$16.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$105.61K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$111.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$482.29K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.08K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$410.76K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.08M	USD	Point-in-time
Convertible notes payable, related party - current portion	`ConvertibleNotesPayableCurrent`	$304.21K	USD	Point-in-time
Convertible notes payable, related party - current portion	`ConvertibleNotesPayableCurrent`	$45.06K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$302.13K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$198.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$885.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$230.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$430.38K	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	-	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`	$8.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.15M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.96M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$111.92K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$105.61K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$112.61K	USD	Annual
Access service revenues	`SalesRevenueNet`	$159.69K	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.51M	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.43M	USD	Annual
Total revenues	`Revenues`	$1.59M	USD	Annual
Total revenues	`Revenues`	$1.63M	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$109.72K	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$125.96K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$327.30K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$357.22K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.32M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.24M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$29.09K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$39.62K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	$31.30K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.79M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.78M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-200.49K	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-158.05K	USD	Annual
GAIN ON SERIES A CONVERTIBLE PREFERRED STOCK ISSUED IN EXCHANGE FOR INDEBTEDNESS	`GainsLossesOnRestructuringOfDebt`	$401.00K	USD	Annual
GAIN ON SERIES A CONVERTIBLE PREFERRED STOCK ISSUED IN EXCHANGE FOR INDEBTEDNESS	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$-19.59K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$-22.60K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$223.37K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-223.10K	USD	Annual
Preferred stock dividends	`PreferredStockDividends`	$-67.25K	USD	Annual
Preferred stock dividends	`PreferredStockDividends`	-	USD	Annual
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$156.12K	USD	Annual
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-223.10K	USD	Annual
Net income (loss) per common share -basic	`EarningsPerShareBasic`	$-0.02	USD	Annual
Net income (loss) per common share -basic	`EarningsPerShareBasic`	$0.02	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`	9.09M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	Annual
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.09M	shares	Annual
Weighted average shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.70M	shares	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$223.37K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-223.10K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$29.09K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$39.62K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$51.48K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.41K	USD	Annual
Stock warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	-	USD	Annual
Stock warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$6.18K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	$31.30K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$16.39K	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$13.64K	USD	Annual
(Gain) on Series A convertible preferred stock issued in exchange for indebtedness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
(Gain) on Series A convertible preferred stock issued in exchange for indebtedness	`GainsLossesOnExtinguishmentOfDebt`	$401.00K	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.51K	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$47.48K	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`	$-2.33K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.13K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$90.36K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$32.40K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$11.87K	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-8.24K	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$103.29K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.22K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.50K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-11.98K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-14.19K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.19K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.98K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-24.02K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$-23.87K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$420.00	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.45K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.02K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-140.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.23K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.99K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.85K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$20.93K	USD	Annual
Cash paid for interest	`InterestPaid`	$19.07K	USD	Annual
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$3.27K	USD	Annual
Acquisition of assets and liabilities through debt	`Acquisitionofassetsandliabilitiesthroughdebt`	$45.37K	USD	Annual
Series A convertible preferred stock issued for settlement of debt and accrued interest	`Convertiblepreferredstockissuedforsettlementofdebtandaccruedinterest`	$59.63K	USD	Annual
Series A convertible preferred stock issued for settlement of accounts payable	`Convertiblepreferredstockissuedforsettlementofaccountspayable`	$317.96K	USD	Annual
Series A convertible preferred stock issued for settlement of deferred compensation	`Convertiblepreferredstockissuedforsettlementofdeferredcompensation`	$656.13K	USD	Annual
Reclassification of accounts payable to convertible debt - related party	`ReclassificationOfAccountsPayableToConvertibleDebtRelatedParty`	$50.00K	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.96M	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`	10.11M	shares	Point-in-time
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$51.48K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.41K	USD	Annual
Series A convertible preferred stock issued in settlement of liabilities	`PreferredStockValue`	$672.47K	USD	Point-in-time
Series A convertible preferred stock issued in settlement of liabilities	`PreferredStockValue`	$672.47K	USD	Point-in-time
Preferred stock issued, shares	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Preferred stock issued, shares	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Stock warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	-	USD	Annual
Stock warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$6.18K	USD	Annual
Stock options exercise	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Stock options exercise	`ProceedsFromStockOptionsExercised`	$420.00	USD	Point-in-time
Stock options exercise	`ProceedsFromStockOptionsExercised`	$420.00	USD	Annual
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	Annual
Stock options exercise, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	140,000.00	shares	Point-in-time
Warrant extension granted in settlement of liabilities	`DebtConversionOriginalDebtAmount1`	$3.27K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$223.37K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-223.10K	USD	Annual
Stockholders' deficit	`StockholdersEquity`	$-1.74M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.96M	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`	10.11M	shares	Point-in-time

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