10-K Filing

FULLNET COMMUNICATIONS INC CIK: 1092570 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001376474-19-000068`
Period End Date	20181231
Filing Date	20190401
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	fulo-20181231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 40 Cash Flow Statement 58 Stockholders Equity 13

Balance Sheet 63 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.46K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.40K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	987,102.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.85K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.03K	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$30.85K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$6.11K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$281.34K	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
Total current assets	`AssetsCurrent`	$44.36K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$39.45K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	13.62M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$51.27K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	13.62M	shares	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`Goodwill`	$21.81K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
OTHER ASSETS AND INTANGIBLE ASSETS	`Goodwill`	$12.98K	USD	Point-in-time
ASSETS OF DISCONTINUED OPERATIONS, net (NOTE I)	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$29.34K	USD	Point-in-time
ASSETS OF DISCONTINUED OPERATIONS, net (NOTE I)	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$775.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$134.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$346.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.43K	USD	Point-in-time
Accounts payable, related party	`DueToRelatedPartiesCurrent`	$7.98K	USD	Point-in-time
Accounts payable, related party	`DueToRelatedPartiesCurrent`	$4.00K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$534.17K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$610.11K	USD	Point-in-time
Convertible notes payable, related party - current portion	`UnsecuredDebtCurrent`	$7.20K	USD	Point-in-time
Convertible notes payable, related party - current portion	`UnsecuredDebtCurrent`	$5.35K	USD	Point-in-time
Deferred revenue	`OtherLiabilitiesCurrent`	$442.77K	USD	Point-in-time
Deferred revenue	`OtherLiabilitiesCurrent`	$397.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`DueToRelatedPartiesNoncurrent`	$20.68K	USD	Point-in-time
CONVERTIBLE NOTES PAYABLE, related party - less current portion	`DueToRelatedPartiesNoncurrent`	$27.89K	USD	Point-in-time
LIABILITIES OF DISCONTINUED OPERATIONS (NOTE I)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$193.81K	USD	Point-in-time
LIABILITIES OF DISCONTINUED OPERATIONS (NOTE I)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$52.36K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28M	USD	Point-in-time
Preferred Stock, Value	`PreferredStockValue`	$638.85K	USD	Point-in-time
Preferred Stock, Value	`PreferredStockValue`	$618.67K	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$119.00	USD	Point-in-time
Common Stock, Value	`CommonStockValue`	$136.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.77M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.41M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.14M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-733.26K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$134.97K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$346.36K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`TotalRevenue`	$2.07M	USD	Annual
Total revenue	`TotalRevenue`	$1.89M	USD	Annual
Cost of revenue	`CostOfRevenue1`	$169.66K	USD	Annual
Cost of revenue	`CostOfRevenue1`	$247.68K	USD	Annual
Selling, general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.82M	USD	Annual
Selling, general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.62M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$17.78K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.84K	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$2.09M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$1.81M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$78.93K	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-14.77K	USD	Annual
Other Income	`OtherNonoperatingIncome`	-	USD	Annual
Other Income	`OtherNonoperatingIncome`	$116.23K	USD	Annual
Interest Expense	`InvestmentIncomeInterest`	$-1.85K	USD	Annual
Interest Expense	`InvestmentIncomeInterest`	$-2.16K	USD	Annual
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	`IncomeLossFromContinuingOperations`	$99.61K	USD	Annual
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	`IncomeLossFromContinuingOperations`	$76.77K	USD	Annual
Gain from sale of discontinued asset	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$233.28K	USD	Annual
Gain from sale of discontinued asset	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-103.56K	USD	Annual
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-65.80K	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$267.08K	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-26.79K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$26.90K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsAndOtherAdjustments`	$20.17K	USD	Annual
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-53.69K	USD	Annual
Net income (loss) available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$246.91K	USD	Annual
Continuing operations - basic	`ContinuingOperationsBasic`	$0.01	USD	Annual
Continuing operations - basic	`ContinuingOperationsBasic`	$0.01	USD	Annual
Continuing operations - diluted	`ContinuingOperationsDiluted`	$0.01	USD	Annual
Continuing operations - diluted	`ContinuingOperationsDiluted`	$0.01	USD	Annual
Discontinued operations - basic and diluted	`DiscontinuedOperationsBasicAndDiluted`	$-0.01	USD	Annual
Discontinued operations - basic and diluted	`DiscontinuedOperationsBasicAndDiluted`	$0.01	USD	Annual
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.87M	shares	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.32M	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.26M	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.87M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-26.79K	USD	Annual
Net income (loss)	`ProfitLoss`	$267.08K	USD	Annual
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$-103.56K	USD	Annual
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$167.47K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.78K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.84K	USD	Annual
Stock options compensation	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$75.13K	USD	Annual
Stock options compensation	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$12.66K	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForLoanLeaseAndOtherLosses`	$480.00	USD	Annual
Provision for uncollectible accounts receivable	`ProvisionForLoanLeaseAndOtherLosses`	$-4.72K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.72K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.54K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.74K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.57K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-42.45K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-18.94K	USD	Annual
Accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-3.98K	USD	Annual
Accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-5.95K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$61.15K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-5.94K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredLiabilities`	$44.84K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredLiabilities`	$28.68K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$186.65K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.84K	USD	Annual
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.47K	USD	Annual
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.47K	USD	Annual
Cash paid for intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Cash paid for intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.47K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.47K	USD	Annual
Principal payments on borrowings under notes payable - related party	`ProceedsFromRelatedPartyDebt`	$-5.04K	USD	Annual
Principal payments on borrowings under notes payable - related party	`ProceedsFromRelatedPartyDebt`	$-5.35K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.04K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.35K	USD	Annual
Net cash used in operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-59.32K	USD	Annual
Net cash used in operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-92.15K	USD	Annual
Net cash provided by (used in) investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$218.15K	USD	Annual
Net cash provided by (used in) investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-4.78K	USD	Annual
Net cash used in financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-116.59K	USD	Annual
Net cash used in financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-28.37K	USD	Annual
Net cash provided by (used in) discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$42.24K	USD	Annual
Net cash provided by (used in) discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-125.31K	USD	Annual
NET INCREASE IN CASH - CONTINUING OPERATIONS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$216.06K	USD	Annual
NET INCREASE IN CASH - CONTINUING OPERATIONS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.02K	USD	Annual
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$19.38K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$245.46K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	`CashAndCashEquivalentsAtCarryingValue`	$29.40K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$19.38K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$245.46K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance	`CashAndCashEquivalentsAtCarryingValue`	$29.40K	USD	Point-in-time
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	`InterestPaid`	$2.16K	USD	Annual
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	`InterestPaid`	$1.85K	USD	Annual
Interest Paid, Discontinued Operations	`InterestPaidDiscontinuedOperations`	$11.19K	USD	Annual
Interest Paid, Discontinued Operations	`InterestPaidDiscontinuedOperations`	$51.00	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$20.17K	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$26.90K	USD	Annual
Exercise of options by reducing deferred compensation payable	`ExerciseOfOptionsByReducingDeferredCompensationPayable`	$70.00K	USD	Annual
Exercise of options by reducing deferred compensation payable	`ExerciseOfOptionsByReducingDeferredCompensationPayable`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.15M	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-733.26K	USD	Point-in-time
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	`StockGrantedDuringPeriodValueSharebasedCompensation`	$12.66K	USD	Annual
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	`StockGrantedDuringPeriodValueSharebasedCompensation`	$75.13K	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`PreferredStockRedemptionDiscount`	-	USD	Annual
Amortization of increasing dividend rate preferred stock discount	`PreferredStockRedemptionDiscount`	-	USD	Annual
Stock options exercised by reducing deferred compensation payable	`StockholdersEquityOther`	$70.00K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$267.08K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-26.79K	USD	Annual
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.13M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.15M	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-733.26K	USD	Point-in-time

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