Spectral Capital Corporation is a deep quantum technology platform company specializing in hybrid classical-quantum computing and AI, focusing on developing integrated quantum solutions and licensing patents.

# Spectral Capital Corporation - Company Summary

## Business Focus
- Spectral Capital Corporation is a **deep quantum technology platform company** specializing in **hybrid classical-quantum computing** and **artificial intelligence (AI)**.
- The company has transitioned from a technology incubator to an operator of **integrated quantum computing solutions**, primarily offering **Quantum as a Service (QaaS)**.
- Its platform aims to combine **distributed cloud architecture**, **quantum algorithms**, and **advanced hardware** to make quantum computing practical, scalable, and energy-efficient for real-world applications.

## Core Business Pillars
1. **Intellectual Property Development**
   - Filed 104 patent applications in 2024 across AI, quantum computing, and autonomous systems.
   - Maintains a pipeline of over 400 additional patentable innovations.
   - Focuses on patents for quantum architectures, AI-driven design, quantum security, and photonic quantum computing.

2. **Licensing & Monetization**
   - Licenses patents and trade secrets to third parties, generating cash and equity in licensee companies.
   - Negotiates deals with startups and established firms in AI, autonomous systems, cybersecurity, logistics, and analytics.

3. **Software Product Development**
   - Develops lightweight, scalable proprietary software tools for data search, risk forecasting, anomaly detection, and decision-making.
   - Software solutions promote risk-adjusted returns and are designed for rapid deployment and commercial validation.

4. **Acquisition & Business Transformation**
   - Targets small, undervalued tech companies to embed Spectral’s IP and technologies, leading to revenue and margin growth.
   - Early acquisitions include companies with decentralized cloud tech, quantum algorithms, and plasmonic semiconductors.

## Operational and Strategic Developments
- **2024 Highlights**
  - Rescinded certain transactions involving former Chairman Sean Michael Brehm to restore shareholder value.
  - Filed 104 patents with plans for more; initiated scientific work on over 400 innovations.
  - Acquired and then rescinded multiple small tech companies to focus on core IP and platform development.
  - Formed strategic advisory teams to enhance scientific and IP positions.

## Number of Customers & Employees
- **Customers**
  - Currently has **1 customer** (dependence on a single customer), with expectations to diversify within 180 days.
  
- **Employees & Consultants**
  - **5 full-time employees**.
  - **10 consultants** engaged as of December 31, 2024.
  - No union or collective bargaining agreements.

## Financials
- **Revenue**
  - Generated **$0 in revenue** for both 2023 and 2024.
  
- **Net Income / Loss**
  - Lost **$215,387** in 2023.
  - Lost **$3,270,544** in 2024.
  
- **Assets & Cash**
  - Assets increased from **$240 in 2023** to **$107,475 in 2024**.
  - Cash on hand as of December 31, 2024: **$107,475**.

## Other Key Information
- The company is in early development stages with significant R&D expenses and no current revenue from product or licensing operations.
- The business relies heavily on ongoing patent filings and licensing negotiations, with plans to develop proprietary software and make further strategic acquisitions.
- The company faces risks including funding needs, intense industry competition, rapid technological changes, and a limited operating history.
- Its stock is traded on OTC Markets under the symbol **FCCN**.

Spectral Capital Corporation, a telecommunications services provider based in Seattle, has reported a net loss while transitioning to resuming operations in 2024.

# Company Overview: Spectral Capital Corporation

**Incorporation and Structure**
- **Founded:** September 13, 2000, in Nevada as Galaxy Championship Wrestling, Inc.
- **Current Name:** Spectral Capital Corporation since July 27, 2010.
- **Headquarters:** 4500 9th Avenue NE, Seattle, Washington 98105.
- **Website:** [spectralcapital.com](http://www.spectralcapital.com)

**Main Business Activities**
- **Telecommunications Services:**
  - **Started:** December 2021.
  - **Services Provided:** Wholesale telecommunications, data, and switching services including international long-distance reselling on a B2B basis.
  - **Partnership:** Collaborates with approximately 3 network providers for service delivery.
  - **Planned Resumption:** Anticipated to resume operations in Q3 2024 through a partnership with Sky Data PLL OU (Estonia) without third-party intervention.

**Financials Overview**
- **Revenue:**
  - **2022:** $98,323 generated from telecommunications services.
  - **2023:** $0 revenue.
- **Net Loss:**
  - **2022:** $(240,988).
  - **2023:** $(215,387).
- **Assets:**
  - **2022:** $35,672.
  - **2023:** $240.
- **Cash on Hand:** Approximately $240 as of the report date.
- **Monthly Operating Expenses:** Roughly $18,000, indicating available cash can cover operations for about one month without additional revenue or fundraising.

**Customers and Employees**
- **Current Customers:** 0 active customers as of December 31, 2023.
- **Employees:** 1 full-time employee (Jenifer Osterwalder, CEO, President, and Director). Utilizes services from an Interim CFO (Stephen Spalding) as well.

**Corporate Developments**
- **Stock Info:** Common stock is traded on OTC Markets Pink Sheets under the symbol "FCCN."
- **Stock Adjustments:**
  - Increased common stock authorized from 500,000,000 to 1,000,000,000 shares in August 2022.
  - Reverse stock split conducted on November 22, 2022, at a rate of 1-for-10.

**Technology Interests**
- **Subsidiaries:**
  - **Noot Holdings, Inc.:** Holds mobile search and machine learning technology, though currently not operational.
  - **Monitr Holdings, Inc.:** Engages in financial news and analytics technology, potentially competitive in the fintech sector.
- **Funding Needs:** At least $500,000 required to upgrade technologies for both Noot and Monitr.

**Market Context and Competition**
- The company faces competition in both telecommunications and technology sectors from well-established players with greater resources and market presence, such as Google in search technologies.

**Regulatory and Compliance**
- Subject to various U.S. and international regulations concerning telecommunications and technology industries.

**Additional Information**
- No significant legal proceedings or environmental impact expected on operations.
- Maintains a virtual office on a month-to-month basis at a cost of $99.

This summary encapsulates the operational framework, financial health, and strategic positioning of Spectral Capital Corporation as of December 31, 2023.

SPECTRAL CAPITAL Corp

10-K / June 24, 2025

10-K / March 28, 2024

10-K / June 24, 2025

Spectral Capital Corporation - Company Summary

Business Focus

Core Business Pillars

Operational and Strategic Developments

Number of Customers & Employees

Financials

Other Key Information