Overview
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- TickerFCCN on OTC2
- IndustryServices-Computer Processing & Data Preparation2
- HeadquartersCarson City, United States2
- Incorporated inNV3
- Business address4500 9Th Avenue Ne, Seattle, Wa 981053
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI9845007E70A68699B9312
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address318 N CARSON ST #208, 89701 Carson City, United States2
- Registered withBusiness Center (Secretary of State), C24685-20002
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Spectral Capital Corporation is a publicly traded technology company that operates as a hybrid research, intellectual property, and operating business. Spectral has operated continuously as an operating company; however, for much of its history, the Company’s operations were relatively small in scale and primarily focused on research and development, software experimentation, and intellectual property creation. While these efforts resulted in the development of proprietary technologies and technical know-how, Spectral’s earlier software products achieved limited commercial adoption and did not generate meaningful recurring revenues.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin5¢$1.1M
- Other costs89¢$19.3M
- Income tax2¢$497.5K
- Profit4¢$918.4K
Out of $21.8M in revenue.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $2396 | $487 | $08 | $98.3K9 | $010 | $05 | $21.8M5 |
| Cost of revenue | $07 | $07 | |||||
| Gross profit | $487 | $08 | $98.3K9 | $010 | $05 | $2.9M5 | |
| Research and development | $010 | $745.0K12 | $05 | ||||
| Selling, general and admin | $1.2M12 | $1.1M5 | |||||
| Operating expenses | $172.2K8 | $339.4K9 | $215.5K12 | $3.0M12 | $5.8M5 | ||
| Operating income | -$178.9K11 | -$215.5K12 | -$3.0M12 | -$2.9M5 | |||
| Income before tax | -$3.3M5 | $420.9K5 | |||||
| Income tax | $011 | $05 | -$497.5K5 | ||||
| Net income | -$177.8K6 | -$167.8K7 | -$172.2K8 | -$241.0K9 | -$215.4K12 | -$3.3M12 | $918.4K5 |
| Earnings per share | -$0.018 | -$0.019 | -$0.0112 | -$0.0612 | $0.015 | ||
| Earnings per share (diluted) | -$0.018 | -$0.018 | -$0.0112 | -$0.0612 | $0.015 | ||
| Shares (weighted, basic) | 11.9M shares8 | 34.6M shares8 | 57.9M shares5 | 73.4M shares5 | |||
| Shares (weighted, diluted) | 11.9M shares8 | 34.6M shares8 | 42.0M shares12 | 57.9M shares12 | 76.4M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $8537 | $4137 | $2648 | $10.7K9 | $24012 | $107.5K12 | $2.1M5 |
| Receivables | $05 | $32.5M5 | |||||
| Current assets | $8536 | $4137 | $2648 | $35.7K9 | $24012 | $114.0K12 | $59.5M5 |
| Property, plant and equipment | $05 | $126.1K5 | |||||
| Goodwill | $05 | $48.7M5 | |||||
| Intangible assets | $05 | $41.4M5 | |||||
| Total assets | $8536 | $4137 | $2648 | $35.7K9 | $24012 | $114.0K12 | |
| Accounts payable | $482.5K5 | $34.4M5 | |||||
| Short-term debt | $36.5K12 | ||||||
| Current liabilities | $922.8K6 | $1.1M7 | $1.3M8 | $227.7K9 | $332.7K12 | $1.0M12 | $102.0M5 |
| Total liabilities | $922.8K6 | $1.1M7 | $1.3M7 | $332.7K12 | $1.0M12 | $106.6M5 | |
| Retained earnings | -$28.8M8 | -$29.1M9 | -$31.1M12 | -$34.3M12 | -$33.4M5 | ||
| Shareholders’ equity | -$700.8K6 | -$868.6K7 | -$1.0M8 | $29.8K9 | -$110.6K12 | -$697.3K12 | $44.4M5 |
| Shares outstanding | 117.9M shares6 | 117.9M shares7 | 117.9M shares7 | 42.0M shares9 | 42.0M shares12 | 67.7M shares12 | 88.3M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$30.0K6 | -$23.8K7 | -$28.5K8 | -$45.0K9 | -$47.5K12 | -$1.7M12 | -$1.5M5 |
| Depreciation and amortization | $05 | $1.6M5 | |||||
| Stock-based compensation | $010 | $1.2M12 | $1.1M5 | ||||
| Capital spending | $05 | $40.4K5 | |||||
| Free cash flow | -$1.7M | -$1.5M | |||||
| Cash from investing | $08 | $09 | $010 | $05 | $1.2M5 | ||
| Cash from financing | $28.4K8 | $55.4K9 | $37.1K12 | $1.8M12 | $2.2M5 |
Corporate structure
SPECTRAL CAPITAL Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SPECTRAL CAPITAL Corp
- Sean Michael Brehm Filed SCHEDULE 13D on SPECTRAL CAPITAL Corp, latest Jan 16, 2025 (3 filings since Jul 24, 2024)
- Data Pll Ou Sky Filed SC 13D/A on SPECTRAL CAPITAL Corp, latest Oct 8, 2024 (3 filings since Jun 28, 2024)
- Pro Ou Decus Filed SC 13D on SPECTRAL CAPITAL Corp, latest Jul 2, 2024
- SPECTRAL CAPITAL Corp Carson City, Nevada, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SPECTRAL CAPITAL Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $152.8K5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Accumulated depreciation | $26.8K5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Property and equipment, net | $126.1K5 Dec 31, 2025 | $05 Dec 31, 2024 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.1M5 Dec 31, 2025 | $107.5K12 Dec 31, 2024 | +1842.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $48.7M5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Finite-lived intangibles, gross | $43.0M5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Accumulated amortization | -$1.6M5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Finite-lived intangibles, net | $41.4M5 Dec 31, 2025 | $05 Dec 31, 2024 |
Properties, in its own words
We rent a virtual office located at 701 Fifth Avenue, Suite 4200, Seattle, Washington, 98104, under a month-to-month basis. We pay monthly rent of $378.00 for this location. Through our subsidiary 42 Telecom, we maintain office space in Malta, Sweden, and the United Kingdom. Through our subsidiary Telvantis, we maintain operational facilities in the United States. We believe that our current facilities are sufficient to meet our current and near-term needs and that, should it be needed, suitable additional space will be available.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led SPECTRAL CAPITAL Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerJenifer Lyn Osterwalder Feb 8, 2007 to Jun 28, 202415
- ChairSean Michael Brehm Jan 16, 2025 to now16
- PresidentJenifer Lyn Osterwalder Feb 8, 2007 to Feb 10, 201215
- Chief financial officerDaniel Gilcher Mar 16, 2026 to now17
- Chief financial officerJenifer Lyn Osterwalder Feb 8, 2007 to Mar 2, 200715
Board members and other officers (8)
- Board memberGottfried Werner Jan 9, 2026 to now18
- Board memberJeffery Howie Chong Jun 1, 2026 to now19
- Board memberOlga Nezerenko Jun 1, 2026 to now20
- Board memberChad Landon McLeaming Jul 18, 2024 to Jul 22, 202421
- Board memberJonathon James Walton Jul 19, 2024 to Jul 19, 202422
- Board memberSean Michael Brehm Jul 24, 2024 to Aug 16, 202423
- Board memberJenifer Lyn Osterwalder Feb 8, 2007 to Jun 28, 202415
- Board memberAlexander Khersonski Feb 20, 2007 to Mar 2, 200724
Former names
Timeline
- Aug 25, 20268-K Regulation FD disclosure25
- May 27, 20268-K Unregistered sale of shares26
- Mar 17, 20268-K Financial statements and exhibits27
- Jan 7, 20268-K Entered a material agreement28
- Jan 5, 20268-K Executive or director change29
- Jan 5, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares30
- Dec 30, 20258-K Executive or director change31
- Nov 20, 20258-K Change in control32
- Nov 6, 20258-K Regulation FD disclosure; Other events33
- Oct 16, 20258-K Entered a material agreement; Unregistered sale of shares34
- Oct 15, 20258-K Completed an acquisition or sale35
- Oct 8, 20258-K Entered a material agreement36
- Feb 8, 2007New chief executive Jenifer Lyn Osterwalder becomes CEO15
- Sep 13, 2000Founded SPECTRAL CAPITAL Corp is founded2
Filings
107 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 39 major events, 14 insider forms, 7 large holders, 1 private raises, 23 other. The latest 20:
- Sep 28, 2026S-1/A AMENDMENT NO. 4 TO FORM S-1 EDGAR
- Sep 18, 2026S-1/A AMENDMENT NO. 3 TO FORM S-1 EDGAR
- Aug 25, 20268-K CURRENT REPORT EDGAR
- Aug 12, 2026S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
- Aug 10, 202610-Q QUARTERLY REPORT EDGAR
- Aug 5, 2026S-1/A AMENDMENT NO. 1 TO FORM S-1 EDGAR
- Jul 20, 2026S-1 REGISTRATION STATEMENT EDGAR
- Jun 30, 2026DRS/A EDGAR
- Jun 12, 2026DRS/A EDGAR
- Jun 5, 202610-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
- Jun 1, 20263 EDGAR
- Jun 1, 20263 EDGAR
- May 27, 20268-K SPECTRAL CAPITAL CORPORATION - FORM 8-K SEC FILING EDGAR
- May 26, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 2026DRS/A EDGAR
- May 13, 202610-Q SPECTRAL CAPITAL CORPORATION - FORM 10-Q SEC FILING EDGAR
- Mar 31, 202610-K SPECTRAL CAPITAL CORPORATION - FORM 10-K SEC FILING EDGAR
- Mar 17, 20268-K/A SPECTRAL CAPITAL CORPORATION - FORM 8-K/A SEC FILING EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Feb 11, 2026DRS EDGAR
The 107 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Brehm Sean MichaelChairman of the Board | Buy | 5,050,000 | $0.20 | $1.0M | Form 4 |
| Aug 15, 2024 | Brehm Sean MichaelChairman of the Board | Buy | 5,050,000 | $0.02 | $101.0K | Form 4 |
| Jul 11, 2024 | McLeaming Chad LandonDirector | Buy | 1,350 | $4.72 | $6.4K | Form 4 |
| Jul 10, 2024 | McLeaming Chad LandonDirector | Buy | 1,500 | $3.12 | $4.7K | Form 4 |
| Jun 28, 2024 | McLeaming Chad LandonDirector | Buy | 37,554 | $1.92 | $72.1K | Form 4 |
| Jun 27, 2024 | McLeaming Chad LandonDirector | Buy | 15,200 | $1.22 | $18.5K | Form 4 |
| Jun 26, 2024 | McLeaming Chad LandonDirector | Buy | 68,055 | $0.99 | $67.4K | Form 4 |
| Jun 24, 2024 | McLeaming Chad LandonDirector | Buy | 2,000 | $0.61 | $1.2K | Form 4 |
| Jun 21, 2024 | McLeaming Chad LandonDirector | Buy | 1,200 | $0.70 | $840 | Form 4 |
| May 28, 2024 | McLeaming Chad LandonDirector | Buy | 15,517 | $0.36 | $5.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Sean Michael BrehmSCHEDULE 13D, 3 filings Jul 24, 2024 to Jan 16, 202537
- Data Pll Ou SkySC 13D/A, 3 filings Jun 28, 2024 to Oct 8, 202438
- Pro Ou DecusSC 13D, 1 filing Jul 2, 202439
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $150.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2024 | $150.0K | $150.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How SPECTRAL CAPITAL Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSPECTRAL CAPITAL Corp1
- CIK0001131903
- Employer ID (EIN)51-05202964
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address4500 9Th Avenue Ne, Seattle, WA 981051
- Phone206-385-64901
- Shares outstanding96,291,416 as of Aug 10, 202614
- Public float$121.3M as of 4
- AuditorRBSM LLP, New York, NY PCAOB ID 5874
- On EDGAR sinceMay 1, 20031
- Filings279 in all: 8-K (69), 10-Q (56), 10-K (18), UPLOAD (16), 10QSB (15), NT 10-Q (14), 3 (12), 4 (9)1
All 34 form types
8-K/A (7), 10-Q/A (6), NT 10-K (6), SC 13D (6), 10KSB (5), CORRESP (5), S-1/A (4), SC 13D/A (4), 5 (3), DRS/A (3), PRE 14C (3), 10KSB/A (2), 10SB12G/A (2), DEF 14C (2), 10-K/A (1), 10SB12G (1), 4/A (1), 5/A (1), D (1), DEF 14A (1), DRS (1), PRE 14A (1), PRER14A (1), S-1 (1), S-8 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Jul 12, 2010
Latest 8-K (8-K) Aug 25, 2026
Risk factors and legal proceedings
The risks SPECTRAL CAPITAL Corp names in Item 1A of its 10-K filed Mar 31, 2026: 25 risks under these headings, as written.4
- Risks Related to Our Business
- If we are unable to keep up with rapid technological changes, our products may become obsolete.
- We may not have adequate capital to fund our business.
- Competition could adversely affect our business.
- If we are unable to develop and maintain our brand and reputation for our product offerings, our business and prospects could be materially harmed.
- We depend heavily on key personnel, and turnover of key senior management could harm our business.
- We are subject to government regulation, and unfavorable changes could substantially harm our business and results of operations.
- Our success depends on our ability to develop, integrate, and commercialize new technologies and product offerings in rapidly evolving markets
- Our growth strategy relies in part on the development of proprietary technology and the integration of technologies, platforms, and personnel acquired through strategic transactions.
- Risks Related to Emerging Quantum and Quantum-Adjacent Technologies
- Natural disasters and other events beyond our control could materially adversely affect us.
- Risks Related to the Integration of Acquired Businesses, Including 42 Telecom and Telvantis, and Any Future Acquisitions
The other 15 risks
- Our Telecommunication Businesses Are Subject Rapid Change and Intense Competition
- Risks Related to Our Ability to Improve the Operating Margins of 42 Telecom and Telvantis Through the Integration of Our Technology and Intellectual Property
- Risks Related to our Financial Position and Capital Needs
- Risks Related to our Intellectual Property
- Our reliance on a combination of trade secrets and patents to protect our intellectual property, particularly in artificial intelligence and algorithmic technologies, exposes us to risks that could limit our ability to protect and monetize our innovations
- Risks Related to Litigation and Disputes Arising from Acquisition Activities
- Risks Related to Ownership of Our Securities
- Our management has limited experience in managing the day-to-day operations of a larger public company and, as a result, we may incur additional expenses associated with the management of our Company.
- Compliance with changing corporate governance regulations and public disclosures may result in additional risks and exposures.
- Certain of our stockholders hold a significant percentage of our outstanding voting securities, which could reduce the ability of minority stockholders to effect certain corporate actions.
- If securities or industry analysts publish inaccurate or unfavorable research about our business, our stock price could decline.
- Our issuance of additional common stock or preferred stock may cause our common stock price to decline, which may negatively impact your investment.
- Our common stock is currently subject to the SEC’s “penny stock” rules, which may adversely affect the liquidity and market price of our common stock
- If we are unable to maintain effective internal control over financial reporting, investors may lose confidence in our financial reporting and the value of our common stock could be adversely affected.
- Risks Related to Our OTC to Nasdaq Potential Uplisting
- Although our common stock is currently quoted on the OTC market, an active, liquid, and orderly trading market may not develop or be sustained, which could make it difficult for you to sell your shares
- We may not be able to satisfy the listing requirements of The Nasdaq Capital Market, and even if our common stock is approved for listing, we may be unable to maintain such listing
- We do not intend to pay dividends for the foreseeable future.
- Anti-takeover provisions in the Company’s charter and bylaws may prevent or frustrate attempts by stockholders to change the Board of Directors or current management and could make a third-party acquisition of the Company difficult.
- The market price for our shares of common stock may be volatile and may not reflect our underlying value.
Legal proceedings
From time to time, the Company and its subsidiaries may become involved in various lawsuits and legal proceedings arising in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm the Company's business.
Tellza, Inc. v. Telvantis Voice Services Inc. f/k/a Mexedia Inc. (Broward County, Florida; Case No. Cace-25-017748). On January 1, 2023, Telvantis Voice Services Inc. ("Telvantis"), now a wholly owned subsidiary of the Company, entered into a stock purchase agreement with Tellza, Inc. to acquire Tellza's ownership interest in Phonetime, Inc. and Matchcom Telecommunications, Inc. as part of a $3,000,000 purchase price. Telvantis was required to pay $250,000 on January 1, 2024 and did not make this payment. Tellza filed suit to recover the $250,000. Telvantis filed a motion to dismiss, and the parties subsequently entered into an Agreed Order. Based on the facts as presently known, the Company is unable to determine the likelihood of an unfavorable outcome; however, a loss contingency in the range of zero to $250,000 is reasonably possible. No accrual has been recorded as of December 31, 2025 as the loss is not considered probable. The Company acquired Telvantis effective December 31, 2025.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 16SEC EDGARSean Michael Brehm, Chair
- 17
- 18SEC EDGARGottfried Werner, Board member
- 19SEC EDGARJeffery Howie Chong, Board member
- 20SEC EDGAROlga Nezerenko, Board member
- 21SEC EDGARChad Landon McLeaming, Board member
- 22SEC EDGARJonathon James Walton, Board member
- 23SEC EDGARSean Michael Brehm, Board member
- 24SEC EDGARAlexander Khersonski, Board member
- 25SEC EDGARRegulation FD disclosure
- 26SEC EDGARUnregistered sale of shares
- 27SEC EDGARFinancial statements and exhibits
- 28SEC EDGAREntered a material agreement
- 29SEC EDGARExecutive or director change
- 30
- 31SEC EDGARExecutive or director change
- 32SEC EDGARChange in control
- 33
- 34
- 35SEC EDGARCompleted an acquisition or sale
- 36SEC EDGAREntered a material agreement
- 37
- 38
- 39
- 40