10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001254089-16-000058`
Period End Date	20160930
Filing Date	20161109
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	fulo-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 60 Cash Flow Statement 47 Stockholders Equity 13

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`	$16.31K	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.31K	USD	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.54K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.50K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.96K	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`	$39.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.82K	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
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$83.44K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$96.39K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$7.06K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$5.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$190.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.54K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$585.06K	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`	$377.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`ConvertibleLongTermNotesPayable`	$144.56K	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`	$1.35M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$580.01K	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$544.70K	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`	$8.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.41M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.22M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$128.28K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$129.12K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$46.15K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$14.35K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$58.12K	USD	3 Qtrs
Access service revenues	`SalesRevenueNet`	$18.75K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$464.25K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$1.40M	USD	3 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$1.33M	USD	3 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$449.85K	USD	1 Quarter
Total revenues	`Revenues`	$468.60K	USD	1 Quarter
Total revenues	`Revenues`	$1.39M	USD	3 Qtrs
Total revenues	`Revenues`	$478.60K	USD	1 Quarter
Total revenues	`Revenues`	$1.44M	USD	3 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$67.52K	USD	3 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$24.62K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$58.94K	USD	3 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$19.35K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$240.17K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$78.87K	USD	1 Quarter
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
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$374.21K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$370.95K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.15M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$25.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.74K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.70K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$479.13K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$479.49K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.45M	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.47M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-10.89K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-26.21K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-63.91K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-537.00	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$12.03K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$11.65K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$3.73K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$3.88K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-14.77K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-37.86K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-4.27K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-11.77K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-35.30K	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-13.45K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-40.35K	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.22K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.04K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-116.28K	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-73.16K	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	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`	-	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 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-14.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.86K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.74K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.70K	USD	1 Quarter
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$14.50K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.68K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$2.83K	USD	3 Qtrs
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$8.00K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.21K	USD	3 Qtrs
Net (increase) decrease in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.06K	USD	3 Qtrs
Net (increase) decrease in Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-12.46K	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`	$-10.65K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$41.75K	USD	3 Qtrs
Net increase (decrease) in Accrued and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$82.98K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$22.39K	USD	3 Qtrs
Net increase (decrease) in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$13.67K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.36K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.22K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-6.60K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-15.54K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.60K	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`	$-23.46K	USD	3 Qtrs
Principal payments on borrowings under notes payable - related party	`RepaymentsOfNotesPayable`	$-23.08K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.08K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.46K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-406.00	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$302.00	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.31K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.31K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$11.65K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$12.03K	USD	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$11.77K	USD	1 Quarter
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$35.30K	USD	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$40.35K	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$14.50K	USD	3 Qtrs
Stock options compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.68K	USD	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$11.77K	USD	1 Quarter
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$35.30K	USD	3 Qtrs
Amortization of increasing dividend rate preferred stock discount	`AmortizationOfIncreasingDividendRatePreferredStockDiscount`	$40.35K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-14.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.86K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.27K	USD	1 Quarter
Stockholders' deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-1.22M	USD	Point-in-time

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