10-Q Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001254089-17-000026`
Period End Date	20170630
Filing Date	20170811
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	fulo-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 60

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.62K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.39K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.61K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.74K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.06K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.11K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$68.77K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$77.15K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$30.86K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`OtherAssetsNoncurrent`	$26.23K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$138.08K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$142.10K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$104.07K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$135.35K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	$13.94K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	$516.00	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$567.64K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$610.07K	USD	Point-in-time
Convertible notes payable, related party - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$138.28K	USD	Point-in-time
Convertible notes payable, related party - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$46.81K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$369.25K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$399.16K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.13M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - long-term portion	`NotesPayableRelatedPartiesNoncurrent`	$136.44K	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - long-term portion	`NotesPayableRelatedPartiesNoncurrent`	$28.60K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$591.78K	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	$605.23K	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$119.00	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$119.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.39M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.14M	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$138.08K	USD	Point-in-time
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$142.10K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueNet`	$14.92K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$23.13K	USD	2 Qtrs
Access service revenues	`SalesRevenueNet`	$11.27K	USD	1 Quarter
Access service revenues	`SalesRevenueNet`	$31.80K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$483.31K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$932.38K	USD	2 Qtrs
Co-location and other revenues	`OtherSalesRevenueNet`	$457.98K	USD	1 Quarter
Co-location and other revenues	`OtherSalesRevenueNet`	$979.32K	USD	2 Qtrs
Total revenues	`Revenues`	$964.18K	USD	2 Qtrs
Total revenues	`Revenues`	$494.59K	USD	1 Quarter
Total revenues	`Revenues`	$1.00M	USD	2 Qtrs
Total revenues	`Revenues`	$472.90K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$11.02K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$39.58K	USD	2 Qtrs
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$19.14K	USD	1 Quarter
Cost of access service revenues	`CostOfGoodsAndServicesSold`	$23.90K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$77.91K	USD	1 Quarter
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$161.30K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$165.49K	USD	2 Qtrs
Cost of co-location and other revenues	`OtherCostOfOperatingRevenue`	$85.55K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$802.03K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$404.24K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$774.93K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$367.32K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.04K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.49K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.95K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$471.32K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$989.85K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.01M	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$508.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$1.58K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-25.67K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-13.41K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.46K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$7.03K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$3.88K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$2.27K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$7.91K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-10.49K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.30K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-15.68K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-33.59K	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-23.54K	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$-6.72K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-11.77K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$-13.45K	USD	2 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-22.40K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-23.94K	USD	2 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.07K	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-57.12K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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`	11.87M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.87M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	1 Quarter

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