10-K Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001254089-16-000041`
Period End Date	20151231
Filing Date	20160401
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	fulo-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 12

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.39K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.31K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Preferred stock Series A convertible, shares outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.38K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.50K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.38K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$109.29K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$96.39K	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
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$8.66K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$7.06K	USD	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
TOTAL ASSETS	`Assets`	$154.33K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$214.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.54K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$486.96K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$543.32K	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`	$355.55K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$354.97K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$199.06K	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$168.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$544.70K	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`	$8.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$128.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$154.33K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$72.27K	USD	Annual
Access service revenues	`SalesRevenueNet`	$89.69K	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.66M	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.81M	USD	Annual
Total revenues	`Revenues`	$1.88M	USD	Annual
Total revenues	`Revenues`	$1.75M	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$87.93K	USD	Annual
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$99.00K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$303.49K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$361.87K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$40.16K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$32.88K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	$11.01K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.91M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.92M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-152.00K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-38.27K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$-15.77K	USD	Annual
INTEREST EXPENSE	`InterestExpense`	$-15.74K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-167.74K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-54.04K	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$53.80K	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$60.52K	USD	Annual
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-107.84K	USD	Annual
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-228.27K	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-167.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-54.04K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$40.16K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$32.88K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$15.47K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$22.59K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	$11.01K	USD	Annual
Impairment expense	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-5.67K	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$-657.00	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.74K	USD	Annual
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.82K	USD	Annual
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-649.00	USD	Annual
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$6.87K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.38K	USD	Annual
Net increase (decrease) in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.31K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$67.46K	USD	Annual
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$56.35K	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$578.00	USD	Annual
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$48.76K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.05K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.81K	USD	Annual
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.19K	USD	Annual
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.38K	USD	Annual
Cash paid for intangible asset	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.19K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$29.32K	USD	Annual
Principal payments on borrowings under notes payable	`RepaymentsOfNotesPayable`	$31.04K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.32K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.04K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.46K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.40K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.07K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Cash at end 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`	$16.01K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$15.74K	USD	Annual
Cash paid for interest	`InterestPaid`	$15.77K	USD	Annual
Property and equipment purchased on accounts	`PropertyAndEquipmentPurchasedOnAccounts`	$36.53K	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$60.52K	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$53.80K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$15.47K	USD	Annual
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$22.59K	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount1`	-	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount1`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-167.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-54.04K	USD	Annual
Stockholders' deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time

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