FCCN Spectral Capital Corp.
After review some Key Financial Highlights from their most recent disclosure/filing(Q2 2025)
Balance Sheet / Liquidity
Cash and cash equivalents: $6,078 (as of June 30, 2025)
Current liabilities: $674,916
Total liabilities: $674,916 (no long-term liabilities called out)
Stockholders’ deficit (total): $(668,838)
Of that, accumulated deficit (retained earnings / losses) is $(35,480,037)
Non-controlling interest (i.e. minority stake in consolidated subsidiaries) is $(221,886)
Shares outstanding: 67,774,002 common shares as of June 30, 2025.
Preferred stock: None issued or outstanding as of June 30, 2025.
So the company's most recent Q shows that the company is deeply underwater in terms of equity (negative net worth) and has extremely limited cash, far below what you'd expect for a business doing more than minimal operations.
Income Statement / Operations
Revenues: $0 in both Q2 2025 and Q1+Q2 2025. So the company reports no revenue from its operations in that period.
Operating expenses (selling, general & administrative + wages & benefits):
For Q2 2025: $486,613
For first half 2025: $1,146,641
Other income / expense:
In Q2 2024 they had an “extinguishment of debt” benefit; in Q2 2025, no other income or significant offsetting items are shown.
Net loss (Spectral’s share):
Q2 2025: $(486,613)
First half 2025: $(1,146,641)
Loss per share:
Q2 2025: $(0.01) per share
First half: $(0.02) per share
So as per FCCN's own financials the company is operating at a loss, with no revenue to offset expenses
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