10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001254089-15-000026`
Period End Date	20150930
Filing Date	20151116
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	fulo-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 56 Cash Flow Statement 42 Stockholders Equity 12

Balance Sheet 53 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.39K	USD	Point-in-time
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.59K	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`	$9.13K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.38K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.93K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$100.90K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$109.29K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$8.66K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$7.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$154.33K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$144.30K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$192.75K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$214.92K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$569.94K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$486.96K	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`	$368.63K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$354.97K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$175.98K	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$199.06K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$531.25K	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$490.90K	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`	$8.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.21M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$154.33K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$144.30K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$18.75K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$58.12K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$65.77K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$22.70K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$393.36K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$1.23M	USD	3 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$449.85K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$1.33M	USD	3 Qtrs
Total revenues	`Revenues`	$1.30M	USD	3 Qtrs
Total revenues	`Revenues`	$468.60K	USD	1 Quarter
Total revenues	`Revenues`	$1.39M	USD	3 Qtrs
Total revenues	`Revenues`	$416.06K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$67.52K	USD	3 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$24.56K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$24.62K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$76.18K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$77.98K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$226.97K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$87.46K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$259.95K	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$357.41K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$370.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$25.13K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.45M	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.42M	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$479.49K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$480.03K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-10.89K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-63.97K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-127.39K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-63.91K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$3.88K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$11.98K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$12.03K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$3.89K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-139.37K	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-13.45K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-40.35K	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-45.39K	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-15.13K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.22K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-116.28K	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-82.98K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-184.76K	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	3 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	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-139.37K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$29.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$25.13K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$16.91K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$14.50K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$8.00K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-11.00K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.21K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.01K	USD	3 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-4.02K	USD	3 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$247.00	USD	3 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.16K	USD	3 Qtrs
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$30.11K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$71.27K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$82.98K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$45.57K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$13.67K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.22K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.70K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-15.54K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.38K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.54K	USD	3 Qtrs
Principal payments on borrowings under notes payable - related party	`RepaymentsOfNotesPayable`	$-23.08K	USD	3 Qtrs
Principal payments on borrowings under notes payable - related party	`RepaymentsOfNotesPayable`	$-21.38K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.31K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.38K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.86K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-406.00	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$12.03K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$11.98K	USD	3 Qtrs
Property and equipment purchased on accounts	`PropertyAndEquipmentPurchasedOnAccounts`	$36.53K	USD	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	45,393.00	pure	3 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`	40,348.00	pure	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	13,449.00	pure	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.21M	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`	$16.91K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$14.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-139.37K	USD	3 Qtrs
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.21M	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.