Tue, Jun 24, 10:02 AM (20 days ago)
**Abstract/Summary of Spectral Capital Corporation (FCCN) 10-K Filing** **Financial Performance:** - **Revenue:** $0 for both 2023 and 2024. - **Net Income:** Net loss of $(3,270,544) for 2024 and $(215,387) for 2023. - **Operating Expenses:** Increased from $215,477 in 2023 to $3,004,948 in 2024. - **Cash on Hand:** $107,475 as of December 31, 2024. - **Liquidity:** Negative working capital of $919,186, raising substantial doubt about the ability to continue as a going concern. **Strategic Overview:** - **Business Model:** Focuses on developing and monetizing intellectual property (IP) in AI and hybrid classical computing, licensing IP, developing software products, and acquiring small technology companies. - **Patents:** Filed 104 patent applications in 2024, with over 400 additional inventions in development. - **Acquisitions:** Acquired Node Nexus, Quantomo, and crwdunit, but later rescinded these transactions. - **Outlook:** Plans to expand operations, increase patent filings, broaden licensing relationships, launch software products, and pursue follow-on acquisitions. **Risk Factors:** - **Financial Risks:** Need for additional financing, history of losses, and going concern uncertainty. - **Operational Risks:** Intense competition, rapid technological change, and dependence on key personnel. - **Market Risks:** Unproven market, regulatory compliance costs, and data privacy concerns. **Market Position Changes:** - **Stock Performance:** Significant volatility, with stock price ranging from $0.0452 to $6.20 in 2024. - **Shareholders:** Approximately 132 holders of record as of June 23, 2025. **Future Outlook:** - **Plans:** Continue developing IP, launching software products, and pursuing strategic acquisitions. - **Challenges:** Need for additional capital, intense competition, and rapid technological advancements. **Conclusion:** Spectral Capital Corporation is in a critical phase, focusing on IP development and strategic acquisitions while facing significant financial and operational challenges. The company's future depends on securing additional funding and successfully executing its strategic initiatives.