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FULO on OTC

FULLNET COMMUNICATIONS INC

In its 2024 annual report the company says: “We are an integrated communications provider.”4 It is headquartered in Oklahoma City, Oklahoma.1 Its shares trade on OTC under the symbol FULO.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFULO on OTC1
  • IndustryTelephone Communications (No Radiotelephone)1
  • HeadquartersOklahoma City, Oklahoma1
  • Incorporated inOK2
  • Business address201 Robert S Kerr Avenue, Suite 210, Oklahoma City, Ok 731022
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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We are an integrated communications provider. Through our subsidiaries, we have historically provided high quality, reliable and scalable Internet access, web hosting, local telephone service, equipment colocation, customized live help desk outsourcing services, mass notification services using text messages and automated telephone calls, as well as advanced voice and data solutions. As explained below, the majority of our focus going forward is on our revenue and customers coming from three primary types of service: 1) Mass notification services using text messages and automated telephone calls, 2) Equipment colocation and related services, and 3) Customized live help desk outsourcing service.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 2023

74.9%Gross margin5
12.2%Operating margin5
12.7%Net margin5
-1.8%Revenue growth, 20235
32.8%Return on equity5
$690.3KFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs84¢$3.5M
  • Income tax3¢$127.7K
  • Profit13¢$532.1K

Out of $4.2M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Dividends paid37¢$257.1K
  • Kept or used elsewhere63¢$433.2K

Out of $690.3K of cash from operations.5

Financial statements

Revenue6789105$4.2M in 2023+122% since 2017
0$2.0M$4.0M$6.0M2017: $1.9M$1.9M20172018: $2.1M$2.1M2018+10%2019: $2.4M$2.4M2019+17%2020: $3.5M$3.5M2020+45%2021: $4.1M$4.1M2021+18%2022: $4.3M$4.3M2022+3%2023: $4.2M$4.2M2023−2%
Gross profit9105$3.1M in 2023+5% since 2020
0$1.0M$2.0M$3.0M$4.0M2020: $3.0M$3.0M20202021: $3.4M$3.4M2021+13%2022: $3.4M$3.4M2022−1%2023: $3.1M$3.1M2023−7%
Operating income6789105$512.2K in 2023+549% since 2017
-$500.0K0$500.0K$1.0M$1.5M2017: $78.9K$78.9K20172018: -$14.8K-$14.8K20182019: $200.5K$200.5K20192020: $730.1K$730.1K2020+264%2021: $1.2M$1.2M2021+61%2022: $830.2K$830.2K2022−29%2023: $512.2K$512.2K2023−38%
Net income67895$532.1K in 2023
-$500.0K0$500.0K$1.0M$1.5M2017: -$26.8K-$26.8K20172018: $267.1K$267.1K20182019: $317.3K$317.3K2019+19%2020: $1.1M$1.1M2020+238%2021: $893.0K$893.0K2021−17%2022: $672.2K$672.2K2022−25%2023: $532.1K$532.1K2023−21%
Fiscal year2017201820192020202120222023
Revenue$1.9M6$2.1M7$2.4M8$3.5M9$4.1M10$4.3M5$4.2M5
Cost of revenue
Gross profit$3.0M9$3.4M10$3.4M5$3.1M5
Selling, general and admin
Operating expenses$2.2M10$2.5M5$2.6M5
Operating income$78.9K6-$14.8K7$200.5K8$730.1K9$1.2M10$830.2K5$512.2K5
Interest$1.8K7$2778$08
Income before tax$1.2M10$902.8K5$659.8K5
Income tax$08-$339.2K9$300.8K10$230.5K5$127.7K5
Net income-$26.8K6$267.1K7$317.3K8$1.1M9$893.0K5$672.2K5$532.1K5
Earnings per share$0.017$0.027$0.079$0.0510$0.035$0.025
Earnings per share (diluted)$0.017$0.017
Shares (weighted, basic)16.7M shares1018.4M shares519.5M shares5
Shares (weighted, diluted)19.2M shares1018.9M shares519.6M shares5

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Corporate structure

FULLNET COMMUNICATIONS INC sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FULLNET COMMUNICATIONS INC

  • Judith A. Baresel Filed SC 13G on FULLNET COMMUNICATIONS INC, latest Jan 3, 2023 (2 filings since Feb 9, 2022)
  • Jason C. Ayers Filed SC 13G on FULLNET COMMUNICATIONS INC, latest Feb 9, 2022
  • Timothy J. Kilkenny Filed SC 13G on FULLNET COMMUNICATIONS INC, latest Feb 9, 2022
  • FULLNET COMMUNICATIONS INC Oklahoma City, Oklahoma
    • 1. FullNet, Inc. Subsidiary · Oklahoma, United States
    • 2. FullTel, Inc. Subsidiary · Oklahoma, United States
    • 3. FullWeb, Inc. Subsidiary · Oklahoma, United States
    • 4. CallMultiplier, Inc. Subsidiary · Oklahoma, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FULLNET COMMUNICATIONS INC 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

ItemLatestA year beforeChange
Machinery and equipment$315.5K5 Dec 31, 2023$315.5K5 Dec 31, 20220%
Furniture and fixtures$33.9K5 Dec 31, 2023$33.9K5 Dec 31, 20220%
Computer equipment and software$010 Dec 31, 2022$010 Dec 31, 2021
Leasehold improvements$961.5K5 Dec 31, 2023$961.5K5 Dec 31, 20220%
Property and equipment, before depreciation$1.3M5 Dec 31, 2023$1.3M5 Dec 31, 20220%
Accumulated depreciation$1.2M5 Dec 31, 2023$1.2M5 Dec 31, 2022+1.4%
Property and equipment, net$70.6K5 Dec 31, 2023$87.2K5 Dec 31, 2022−19.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.1M5 Dec 31, 2023$2.8M5 Dec 31, 2022+13.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$19.9K5 Dec 31, 2023$18.2K5 Dec 31, 2022+9.1%

Leadership

Who has led FULLNET COMMUNICATIONS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Roger P. Baresel2006–2024
  2. Timothy J. Kilkenny2006–2016

Chair

  1. Timothy J. Kilkenny2018–2024

President

  1. Roger P. Baresel2006–2016
  2. Jason C. Ayers2016–2024

Chief financial officer

  1. Roger P. Baresel2007–2024
2010201520202025
Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. FullNet, Inc. Oklahoma3
  • 2. FullTel, Inc. Oklahoma3
  • 3. FullWeb, Inc. Oklahoma3
  • 4. CallMultiplier, Inc. Oklahoma3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. May 15, 20248-K Other events22
  2. May 7, 20248-K Change of auditor23
  3. Feb 15, 20248-K Other events24
  4. Jan 16, 20248-K Other events25
  5. Nov 15, 20238-K Other events26
  6. Aug 15, 20238-K Other events27
  7. May 15, 20238-K Other events28
  8. Apr 6, 20238-K Unregistered sale of shares29
  9. Feb 15, 20238-K Other events30
  10. Dec 22, 20228-K Unregistered sale of shares31
  11. Nov 15, 20228-K Other events32
  12. Aug 15, 20228-K Other events33
  13. Feb 14, 2006New chief executive Timothy J. Kilkenny becomes CEO14
  14. Feb 14, 2006New chief executive Roger P. Baresel becomes CEO13

Filings

53 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 18 major events, 18 insider forms, 4 large holders, 2 other. The latest 20:

  1. Jun 6, 202415-12G FORM 15 EDGAR
  2. May 15, 20248-K EDGAR
  3. May 15, 2024NT 10-Q SEC FILE NUMBER: 0-7900 EDGAR
  4. May 7, 20248-K EDGAR
  5. Apr 1, 202410-K FULLNET COMMUNICATIONS INC - FORM 10-K SEC FILING EDGAR
  6. Feb 15, 20248-K EDGAR
  7. Feb 7, 20245 PRIMARY DOCUMENT EDGAR
  8. Feb 7, 20245 PRIMARY DOCUMENT EDGAR
  9. Feb 7, 20245/A PRIMARY DOCUMENT EDGAR
  10. Feb 7, 20245 PRIMARY DOCUMENT EDGAR
  11. Jan 16, 20248-K EDGAR
  12. Nov 15, 20238-K EDGAR
  13. Nov 14, 202310-Q FULLNET COMMUNICATIONS INC. - FORM 10-Q SEC FILING EDGAR
  14. Aug 15, 20238-K EDGAR
  15. Aug 10, 202310-Q FULLNET COMMUNICATIONS INC. - FORM 10-Q SEC FILING EDGAR
  16. May 15, 20238-K EDGAR
  17. May 9, 202310-Q FULLNET COMMUNICATIONS INC. - FORM 10-Q SEC FILING EDGAR
  18. Apr 6, 20234 PRIMARY DOCUMENT EDGAR
  19. Apr 6, 20234 PRIMARY DOCUMENT EDGAR
  20. Apr 6, 20234 PRIMARY DOCUMENT EDGAR

The 53 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

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 23, 2022KILKENNY TIMOTHY JChairman of the BoardSale30,433$0.29$8.9KForm 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.

SEC filer profile

How FULLNET COMMUNICATIONS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFULLNET COMMUNICATIONS INC1
  • CIK0001092570
  • Employer ID (EIN)73-14733611
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inOklahoma1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4813 Telephone Communications (No Radiotelephone)1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address201 Robert S Kerr Avenue, Suite 210, Oklahoma City, OK 731021
  • Phone405-236-82001
  • Shares outstanding19,623,917 as of Mar 27, 20245
  • Public float$3.0M as of Jun 30, 20235
  • On EDGAR sinceAug 13, 19991
  • Filings372 in all: 4 (91), 5 (88), 10-Q (48), 8-K (42), 10QSB (25), 10-K (17), SC 13G (12), 10KSB (7)1
    All 27 form types

    UPLOAD (7), 4/A (4), CORRESP (4), NT 10-K (4), 3 (3), 8-K/A (3), 10-K/A (2), 10-Q/A (2), 5/A (2), NT 10-Q (2), 10KSB/A (1), 10KSB40 (1), 10SB12G (1), 15-12G (1), DEF 14C (1), PRE 14C (1), PRER14C (1), REGDEX (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2024
    Quarterly report (10-Q) Nov 14, 2023
    Latest 8-K (8-K) May 15, 2024

Sources

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