v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to Spectral Capital Corporation $ (3,270,544) $ (215,387)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-controlling interest (90)
Stock-based compensation 1,165,151
Excess value of common stock issued to settle liabilities 265,591
Changes in operating assets and liabilities:    
Accounts receivable 25,000
Prepaids and other assets (6,500)
Due to related parties - accrued salary 144,000 144,000
Accounts payable and accrued expenses 48,343 (1,055)
Net cash used in operating activities (1,653,959) (47,532)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short-term advances 36,450
Proceeds from related party advances 596,199 650
Proceeds from sale of common and preferred stock 1,164,995
Net cash provided by financing activities 1,761,194 37,100
Effect of exchange rate changes on cash
Change in cash and cash equivalents 107,235 (10,432)
Cash and cash equivalents, beginning of period 240 10,672
Cash and cash equivalents, end of period 107,475 240
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:    
Common stock issued to settle liabilities 88,100
Settlement of a liability by a shareholder $ 75,000