10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001254089-15-000022`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	fulo-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 62 Cash Flow Statement 51 Stockholders Equity 19

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`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.40K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.27K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.39K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.66K	USD	Point-in-time
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.38K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.42K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.35K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.38K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$104.22K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$109.29K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$8.66K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$7.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$154.33K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$157.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$232.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$214.92K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$486.96K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$539.05K	USD	Point-in-time
Convertible notes payable, related party - current portion	`ConvertibleNotesPayableCurrent`	$46.81K	USD	Point-in-time
Convertible notes payable, related party - current portion	`ConvertibleNotesPayableCurrent`	$46.81K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$354.97K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$353.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$183.81K	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$199.06K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$490.90K	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$517.80K	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`	$8.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$157.43K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$154.33K	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$19.08K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$19.28K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$39.37K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$43.07K	USD	6 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$449.28K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$838.44K	USD	6 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$878.15K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$438.45K	USD	1 Quarter
Total revenues	`Revenues`	$457.73K	USD	1 Quarter
Total revenues	`Revenues`	$881.51K	USD	6 Qtrs
Total revenues	`Revenues`	$917.52K	USD	2 Qtrs
Total revenues	`Revenues`	$468.36K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$21.40K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$42.89K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$22.50K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$49.72K	USD	6 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$149.00K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$174.40K	USD	6 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$76.22K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$88.98K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$356.30K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$397.26K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$701.99K	USD	6 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$759.45K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.19K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.83K	USD	6 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.83K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$944.94K	USD	6 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$505.86K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$478.70K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$970.53K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-37.50K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-63.43K	USD	6 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-53.01K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-20.96K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$8.09K	USD	6 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.01K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.00K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$8.15K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-41.51K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-71.52K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-61.16K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-71.52K	USD	6 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-15.13K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-30.26K	USD	6 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-13.45K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-26.90K	USD	2 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.09K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-101.78K	USD	6 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-54.96K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-88.06K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	6 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	6 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	2 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-61.16K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.52K	USD	6 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.19K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.83K	USD	6 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.83K	USD	2 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$11.32K	USD	2 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$11.85K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-9.94K	USD	2 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$3.17K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.30K	USD	2 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.44K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-5.48K	USD	2 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-6.04K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.53K	USD	2 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.33K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$38.77K	USD	2 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$52.09K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$37.33K	USD	2 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.74K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.23K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.15K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-13.32K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-56.27K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.27K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.32K	USD	2 Qtrs
Principal payments on borrowings under notes payable - related party	`RepaymentsOfNotesPayable`	$-13.56K	USD	2 Qtrs
Principal payments on borrowings under notes payable - related party	`RepaymentsOfNotesPayable`	$-15.25K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.25K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.56K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.68K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$651.00	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.40K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.27K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.40K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.27K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$8.09K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$8.15K	USD	2 Qtrs
Property and equipment purchased on accounts	`PropertyAndEquipmentPurchasedOnAccounts`	$38.53K	USD	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	30,262.00	pure	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	15,131.00	pure	1 Quarter
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	26,899.00	pure	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	13,450.00	pure	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	10.11M	shares	Point-in-time
Shares outstanding	`SharesOutstanding`	10.11M	shares	Point-in-time
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$11.32K	USD	2 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$11.85K	USD	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	30,262.00	pure	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	15,131.00	pure	1 Quarter
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	26,899.00	pure	2 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	13,450.00	pure	1 Quarter
Net loss	`NetIncomeLoss`	$-24.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-61.16K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.52K	USD	6 Qtrs
Stockholders' deficit	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Shares outstanding	`SharesOutstanding`	10.11M	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.