8-K Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 Q3 2017

Filing Information

Form Type	8-K
Accession Number	`0001376474-18-000027`
Period End Date	20170930
Filing Date	20180206
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	fulo-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 30

Balance Sheet 37 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	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, Shares Issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	987,102.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	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, Issued	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$23.96K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.67K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$19.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.60K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentGross`	$64.28K	USD	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`Goodwill`	$24.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$139.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.34K	USD	Point-in-time
Accounts payable, related party	`DueToRelatedPartiesCurrent`	$3.46K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$632.38K	USD	Point-in-time
Convertible notes payable, related party - current portion	`UnsecuredDebtCurrent`	$131.12K	USD	Point-in-time
Deferred revenue	`OtherLiabilitiesCurrent`	$405.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - long-term portion	`DueToRelatedPartiesNoncurrent`	$27.33K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29M	USD	Point-in-time
Preferred Stock, Value	`PreferredStockValue`	$611.95K	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$119.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.65M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$139.90K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Access service revenues	`SalesRevenueServicesGross`	$32.89K	USD	3 Qtrs
Access service revenues	`SalesRevenueServicesGross`	$60.13K	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.89M	USD	Annual
Co-location and other revenues	`OtherSalesRevenueNet`	$1.47M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$1.95M	USD	Annual
Total revenues	`SalesRevenueNet`	$1.50M	USD	3 Qtrs
Cost of access service revenues	`CostOfServicesDirectMaterials`	$35.71K	USD	3 Qtrs
Cost of access service revenues	`CostOfServicesDirectMaterials`	$78.00K	USD	Annual
Cost of co-location and other revenues	`OtherCostOfServices`	$249.31K	USD	3 Qtrs
Cost of co-location and other revenues	`OtherCostOfServices`	$274.16K	USD	Annual
Selling, general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.21M	USD	3 Qtrs
Selling, general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.56M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$28.53K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$21.19K	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$1.52M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$1.94M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$9.27K	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-15.85K	USD	3 Qtrs
INTEREST EXPENSE	`InvestmentIncomeInterest`	$-10.26K	USD	3 Qtrs
INTEREST EXPENSE	`InvestmentIncomeInterest`	$-15.23K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-26.11K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-5.96K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$20.17K	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$47.07K	USD	Annual
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-46.29K	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-53.03K	USD	Annual
Net loss per common share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per common share Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.30M	shares	Annual
Weighted average common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.87M	shares	3 Qtrs

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