Incoming 10-K 12 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Registrant Name	Incoming, Inc.
Registrant CIK	1,423,325
SEC Form	10-K
Period End date	Dec. 31, 2016
Fiscal Year End	--12-31
Trading Symbol	icnn
Tax Identification Number (TIN)	421,768,468
Public Float			$ 0
Filer Category	Smaller Reporting Company
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Incorporation, State Country Name	Nevada
Contained File Information, File Number	000-53616
Entity Address, Address Line One	244 Fifth Avenue, Suite V235
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10,001
City Area Code	(800)
Local Phone Number	385-5705
Common Class A
Number of common stock shares outstanding		31,774,332
Common Class B
Number of common stock shares outstanding		1,980,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 11,460	$ 71,496
Accounts receivable, trade, net	12,046	250
Accounts receivable, related party	0	57,205
Inventory	25,810	15,318
Prepaid expenses	4,851	5,131
Other current assets	400	400
Total current assets	54,567	149,800
Property and equipment, net	549,839	624,787
Total assets	604,406	774,587
Current liabilities
Accounts payable	222,773	205,496
Current maturities of long term debt	2,176	3,286
Accrued liabilities	69,477	61,320
Accounts payable - related parties	307,332	276,178
Total current liabilities	601,758	546,280
Total Liabilities	601,758	546,280
Capital stock
Additional paid in capital	6,482,070	6,482,070
Accumulated deficit	(6,513,176)	(6,287,517)
Total stockholders' equity	2,648	228,307
Total liabilities and stockholders' equity	604,406	774,587
Convertible Class B
Capital stock
Capital stock $.001 par value; 200,000,000 shares authorized;	1,980	1,980
Class A Common Stock
Capital stock
Capital stock $.001 par value; 200,000,000 shares authorized;	31,774	31,774
Total stockholders' equity	$ 31,774	$ 31,774

CONSOLIDATED BALANCE SHEETS - P

CONSOLIDATED BALANCE SHEETS - Parenthetical	Dec. 31, 2016$ / sharesshares
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Common Stock, Shares Authorized	200,000,000
Class A
Common Stock, Shares, Issued	31,774,332
Convertible Class B
Common Stock, Shares, Issued	1,980,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue	$ 27,789	$ 44,863
Revenues from related parties	224,206	81,540
Total revenue	251,995	126,403
Cost of revenue	294,478	394,616
Depreciation	74,948	93,978
Gross loss	(117,431)	(362,191)
Selling, general, and administrative expenses	108,277	499,731
Loss from operations	(225,708)	(861,922)
Other income (expense)
Other income	720	119,967
Tax credit income	0	510,030
Interest expense	(671)	(1,131)
Total other income	49	628,866
Net Loss	$ (225,659)	$ (233,056)
Class A
Other income (expense)
Earnings Per Share, Basic and Diluted	$ (0.01)	$ (0.01)
Weighted Average Number of Shares Outstanding, Basic and Diluted	31,774,332	31,438,716
Class B
Other income (expense)
Earnings Per Share, Basic and Diluted	$ (0.11)	$ (0.12)
Weighted Average Number of Shares Outstanding, Basic and Diluted	1,980,000	1,980,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Class A Common Stock	Class B Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2014	$ 29,274	$ 1,980	$ 6,134,570	$ (6,054,461)	$ 111,363
Shares, Outstanding, Beginning Balance at Dec. 31, 2014	29,274,332	1,980,000
Stock-based Compensation	$ 2,500	$ 0	347,500	0	350,000
Stock-based Compensation, value	2,500,000
Net Loss	$ 0	0	0	(233,056)	(233,056)
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2015	$ 31,774	$ 1,980	6,482,070	(6,287,517)	228,307
Shares, Outstanding, Ending Balance at Dec. 31, 2015	31,774,332	1,980,000
Net Loss	$ 0	$ 0	0	(225,659)	(225,659)
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2016	$ 31,774	$ 1,980	$ 6,482,070	$ (6,513,176)	$ 2,648
Shares, Outstanding, Ending Balance at Dec. 31, 2016	31,774,332	1,980,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net Loss	$ (225,659)	$ (233,056)
Adjustments to reconcile net loss to net cash provided by operations
Stock-based compensation	0	350,000
Depreciation	74,948	93,978
Changes in operating assets and liabilities
Accounts receivable	(11,796)	5,478
Accounts receivable - related party	57,205	(57,205)
Prepaid expenses	12,451	(1,427)
Inventory	(10,492)	(4,966)
Accounts payable	17,277	(62,928)
Accounts payable - related party	31,154	1,262
Accrued expenses	8,157	22,846
Net cash provided by (used in) operating activities	(46,755)	113,982
Cash flows from investing activities
Purchase of fixed assets	0	(23,269)
Net cash used in investing activities	0	(23,269)
Cash flows from financing activities
Principal payments on debt	(13,281)	(19,561)
Net cash used in financing activities	(13,281)	(19,561)
Cash, Period Increase (Decrease)	(60,036)	71,152
Cash at beginning of period	71,496	344
Cash at end of period	11,460	71,496
Supplemental disclosure of cash flow information
Cash paid for interest	671	1,131
Cash paid for income taxes	226	623
Non-cash investing and financing activities
Additions to prepaid expenses for notes payable	12,171	11,314
Write-off of fully depreciated assets	$ 0	$ 135,559

Note 1 Nature and Continuance o

Note 1 Nature and Continuance of Operations	12 Months Ended
	Dec. 31, 2016
Notes
Note 1 Nature and Continuance of Operations	Note 1 Nature and Continuance of Operations Organization On December 22, 2006, Incoming, Inc. (“we” or the “Company”) was incorporated in Nevada. Through our wholly-owned subsidiary North American Bio-Energies LLC (“NABE”), we operate in the alternative energy industry in the development and acquisition of commercial grade biodiesel facilities and the distribution and marketing of petroleum and biofuel products. In addition to operating as NABE, our subsidiary also does business as Foothills Bio-Energies, LLC (“Foothills”). Going Concern The consolidated financial statements presented in this document have been prepared on a going-concern basis. As of December 31, 2016, the Company has a working capital deficiency of $547,191 and has an accumulated deficit of $6,513,176. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted with any certainty at this time. These factors raise substantial doubt that the Company will be able to continue as a going concern. The Company to date has funded its initial operations through the issuance of capital stock and common stock options, loans from related parties, and revenue generated in the normal course of business. Management plans to continue to provide for the Company’s capital needs by the issuance of common stock and related party loans. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.

Note 2 Summary of Significant A

Note 2 Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes
Note 2 Summary of Significant Accounting Policies	Note 2 Summary of Significant Accounting Policies Use of Estimates The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates. Consolidation The accompanying consolidated financial statements represent the consolidated operations of Incoming, Inc. and its wholly-owned subsidiary North American Bio-Energies, LLC (“NABE”). Intercompany balances and transactions have been eliminated in consolidation. Cash and Cash Equivalents Cash and cash equivalents include all cash balances and highly liquid investments with an initial maturity of three months or less at the date of purchase. The Company places its temporary cash investments with high credit quality financial institutions. At times such investments may be in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. As of December 31, 2016 and 2015, the Company had cash of $11,460 and $71,496, respectively, held in FDIC insured accounts. Revenue Recognition Incoming derives all of its revenue from operations of the NABE biodiesel plant in Lenoir, North Carolina, which was acquired in August of 2010. Through NABE, the Company’s operations are focused primarily on biodiesel production and sales. Currently, we derive revenue from biodiesel sales, from glycerin (a by-product from bio-diesel production) sales, from RIN (Renewable Identification Numbers) sales, and from kerosene sales. We generate net revenue from imported biodiesel sales between the buyer and the seller. Gross revenues are generated from the sale of own-produced biodiesel, glycerin and RIN’s. Revenues on sales of all products are recognized when the products have been delivered and collectability is reasonably assured. Related Party Transactions Related parties are defined as: affiliates of the Company, entities for which investments are accounted for by the equity method, trusts for the benefit of employees, principal owners, management, members of the Board, members of immediate families of principal owners or management, other parties with which the company may deal with if one party controls or can significantly influence management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests,10% ownership, etc. Transactions with related parties may not be conducted on terms equivalent to those prevailing in arm’s-length transactions (e.g. a company may receive services from a related party without cost). It is the policy of the Board of Incoming that all related party transactions are subject to review. All Related Party Transactions that are required to be disclosed in the Company’s filings with the SEC, as required by the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and related rules and regulations, shall be so disclosed in accordance with such laws, rules and regulations. Accounts Receivable Accounts receivable represent valid claims against customers and are recognized when products are sold or services are rendered. We extend credit terms to certain customers based on historical dealings and to other customers after review of various credit indicators, including the customer’s credit rating. Outstanding customer receivable balances are regularly reviewed for possible non-payment indicators and allowances for doubtful accounts are recorded based upon management’s estimate of collectability at the time of their review. Accounts receivable are written off when the account is deemed uncollectible. The Allowance for Doubtful Accounts balance outstanding at December 31, 2016 and 2015 was $11,096. Inventories Inventories consist primarily of raw materials, work-in-process and production by-products that are valued at the lower of cost, determined by the first-in, first-out method, or market. Property and equipment Property and equipment is recorded at cost and depreciated over the estimated useful lives of the assets (which range from 5 to 20 years) using the straight-line method. Repair and maintenance expenditures, which do not result in improvements, are charged to expense as incurred. Construction in Progress Construction in progress is stated at cost, which includes the costs incurred to third parties for construction of plant assets. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use. Impairment of Long-Lived Assets Long-lived assets, including property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation of recoverability is performed using undiscounted estimated net cash flows generated by the related asset. If an asset is deemed to be impaired, the amount of impairment is determined as the amount by which the net carrying value exceeds discounted estimated net cash flows. Net Income/(Loss) per Share In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, “Earnings per Share”, basic net loss per common share is computed by dividing net loss for the period by the weighted average number of common shares outstanding during the period. Under ASC 260, diluted net income/(loss) per share is computed by dividing the net income/(loss) for the period by the weighted average number of common and common equivalent shares, such as stock options and warrants, outstanding during the period. Such common equivalent shares have not been included in the computation of net loss per share as their effect would be anti-dilutive. Stock-based Compensation The Company accounts for stock-based compensation in accordance with FASB ASC 718, which requires the measurement and recognition of compensation expense for all share-based payments made to employees and directors based on estimated fair values. Share-based payments awarded to consultants are accounted for in accordance with ASC 505-50, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Connection with Selling, Goods or Services.” Income Taxes Income taxes are recorded in accordance with FASB ASC 740, “Accounting for Income Taxes”. This statement requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in the financial statements or tax returns. Measurement of the deferred items is based on enacted tax laws. In the event the future consequences of differences between financial reporting bases and tax bases of the Company’s assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability of being able to realize the future benefits indicated by such assets. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion or the entire deferred tax asset will not be realized. For financial reporting purposes, the Company has incurred a loss in each period since its inception. Based on the available objective evidence, including the Company’s history of losses, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at December 31, 2016 and December 31, 2015. Fair Value of Financial Instruments The carrying value of the Company’s financial instruments consisting of cash, accounts payable and accrued liabilities, agreement payable and due to related party approximate their carrying value due to the short-term maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Recent Accounting Pronouncements The Company does not expect any recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

Note 3 Inventory

Note 3 Inventory	12 Months Ended
	Dec. 31, 2016
Notes
Note 3 Inventory	Note 3 Inventory Inventories consisted of the following as of December 31, 2016 and 2015: 2016 2015 Raw materials $ 11,545 $ 8,609 Finished goods 11,393 2,603 By-products 2,872 4,106 Total $ 25,810 $ 15,318

Note 4 Tax Credit Receivable

Note 4 Tax Credit Receivable	12 Months Ended
	Dec. 31, 2016
Notes
Note 4 Tax Credit Receivable	Note 4 Tax Credit Receivable The Company is considered a small agri-biodiesel producer and therefore is eligible for biodiesel and renewable diesel fuels tax credits, when avaiable. On sales of blended biodiesel, the Company is eligible for a $1 per gallon blender’s credit, which is a refundable credit based on the Company’s production and sale of qualified agri-biodiesel in a given tax year. The estimated total tax credit receivable as of December 31, 2016 and 2015 was $0 and $0, respectively. In December of 2015, the US Congress reinstated the credit retroactively for all of 2015 and prospectively through December 31, 2016. There was no extension of blenders’ credit as of December 31, 2016.

Note 5 Property, Plant and Equi

Note 5 Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2016
Notes
Note 5 Property, Plant and Equipment	Note 5 Property and Equipment Property and equipment consisted of the following as of December 31, 2016 and 2015: 2016 2015 Plant and equipment (1-20 years) $803,522 $804,866 Leasehold improvements (2-5 years) 48,272 81,245 Vehicle (5 years) 9,800 9,800 861,594 895,911 Less: accumulated depreciation (311,755) (271,124) Total $549,839 $624,787 Depreciation expense totaled $74,948 and $93,978 for the years 2016 and 2015, respectively. During 2016, NABE did not recognize any loss for disposal of fixed assets.

Note 6 Bank Line of Credit and

Note 6 Bank Line of Credit and Notes Payable	12 Months Ended
	Dec. 31, 2016
Notes
Note 6 Bank Line of Credit and Notes Payable	Note 6 Bank Line of Credit and Notes Payable At December 31, 2009, NABE had available a $250,000 revolving credit agreement with a bank. Interest was paid monthly at a variable rate of prime plus one percent, with an interest rate floor of 5.25%. On April 27, 2010, this line was modified into a five-year term loan with 59 monthly principal and interest installments of $4,805 with one final payment on April 25, 2015. At the time the term loan was established in 2010, the Company pledged accounts receivable, inventory and equipment as collateral. The balances outstanding at December 31, 2016 and 2015 were $0 and $0, respectively. NABE entered into a term note totaling $2,061 in April 2016 that matured in January 2017. The note was payable in monthly principal and interest installments of $239. Interest is payable at a rate of $10 per month. The balance outstanding at December 31, 2016 and 2015 was $229. There was no collateral required for the note. NABE also entered into a term note totaling $9,733 in April 2016 that matured in February 2017. The note was payable in monthly principal and interest installments of 1,012. Interest is payable at a rate of $39 per month. The balance outstanding at December 31, 2016 and 2015 was $1,947 and $3,057, respectively. There was no collateral required for the note.

Note 7 Related Party Transactio

Note 7 Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Notes
Note 7 Related Party Transactions	Note 7 Related Party Transactions NABE sells a portion of its finished goods to Echols Oil Company, a company owned by Incoming, Inc’s CEO, R. Samuel Bell, Jr. During 2016 and 2015, sales to the related companies were 224,206 and $81,540, respectively. As of December 31, 2016, the Company had outstanding related party receivables and had outstanding related party payables totaling $307,332. As of December 31, 2015, the Company had outstanding related party receivables totaling $57,205 and outstanding payables of $276,178. Of the total amount of related party payables at December 31, 2016, $274,916represents payables to Green Valley Bio-Fuels. Green Valley Bio-Fuels is considered a related party since it is majority-owned by Mr. Frank A. Gay, who sits on the Company’s Board of Directors. The remaining $32,416 in related party payables is owed to Echols Oil Co.

Note 8 Equity Transactions

Note 8 Equity Transactions	12 Months Ended
	Dec. 31, 2016
Notes
Note 8 Equity Transactions	Note 8 Equity Transactions Holders of Class A common stock are entitled to one vote for each share of Class A common stock outstanding, are entitled to receive the assets of the Company ratably in proportion to the number of shares held by them, and are entitled to receive dividends for each share held as declared by the Board of Directors. Holders of Class B common stock are entitled to two votes for each share of Class B common stock outstanding, can convert their shares into Class A common stock at a ratio of 1:1, are entitled to receive the assets of the Company ratably in proportion to the number of shares held by them, and are entitled to receive dividends for each share held as declared by the Board of Directors. There are no options or warrants issued or outstanding as of December 31, 2016 and 2015. During 2016 and 2015, Incoming, Inc. consummated the following equity transactions: 1. Effective February 10, 2015, the Board of Directors of the Company approved the Incoming, Inc. 2014 Stock Incentive Plan (the “Plan”). The Plan, under which awards can be granted until February 10, 2025 or the Plan’s earlier termination, provides for the grant of incentive stock options, nonqualified stock options, stock appreciation rights (“SARs”), restricted awards in the form of restricted stock awards and restricted stock units, performance awards in the form of performance shares and performance units, phantom stock awards and other stock-based awards to selected employees, directors and independent contractors of the Company and its affiliates. 2. On February 18, 2015, the Compensation Committee of the Board of Directors of the Company approved grants of shares to each of Samuel Bell, the Company’s Chief Executive Officer and Felix Leslie, the Company’s Vice President of Corporate Development. Mr. Bell was awarded two million (2,000,000) shares. Mr. Leslie was awarded Five Hundred Thousand (500,000) shares. Mr. Bell’s award was in consideration of foregone cash compensation over the prior three years. Mr. Leslie’s award was in consideration of service to the Company and foregone cash compensation therefore over the prior year and a half. Each grant was pursuant to the newly adopted Plan. The 2.5 million shares granted to Mr. Bell and to Mr. Leslie were valued at $0.14 per share, or $350,000 total. None of the expense was deferred as the Company recognized all of the expense at the time the shares were granted.

Note 9 Income Taxes

Note 9 Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes
Note 9 Income Taxes	Note 9 Income Taxes The Company uses the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. The Company is current on all of its corporate tax filings. Tax year 2016 is currently under extension and we expect to file the returns by the due date. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $1,758,000 and $1,532,000 at December 31, 2016 and 2015 and will expire beginning in 2028. At December 31, 2016 and 2015, deferred tax assets consisted of the following: 2016 2015 Deferred tax assets Net operating losses $ 615,000 $ 536,000 Less: valuation allowance (615,000) (536,000) Net deferred tax asset $ - $ -

Note 10 Major Customers and Ven

Note 10 Major Customers and Vendors	12 Months Ended
	Dec. 31, 2016
Notes
Note 10 Major Customers and Vendors	Note 10 Major Customers and Vendors During 2016, one related party customer accounted for 89% of total revenue while two third-party customers accounted for 9% of total revenue. The customers to whom the third-party sales were made included Customer A (8% of total) and Customer B (1%). During 2016, there were three third party vendors who accounted for 100% of direct material costs. During 2015, one related party customer accounted for 65% of total revenue while three third-party customers accounted for 32% of total revenue. The customers to whom the third-party sales were made included Customer A (16% of total), Customer B (12%), and Customer C (4%). During 2015, there were three third party vendors who accounted for 96% of direct material costs.

Note 11 Other Income

Note 11 Other Income	12 Months Ended
	Dec. 31, 2016
Notes
Note 11 Other Income	Note 11 Other Income During 2016, NABE recognized Other Income totaling $720 from the USDA Biofuel Program and from an insurance rebate. Other Income totaling $196 was recognized on funds received which were associated with the USDA Biofuel Program. Each quarter, the Company submits a Payment Request (Form RD-4288) and supporting documents to the USDA delineating those gallons produced/sold. Along with the documentation, the Company informs the USDA regarding the type and quantity of feedstocks utilized. These payment requests are reviewed by an agent of the USDA and then submitted as part of the “pool” for funding. Biodiesel producers compete for whatever funding is available from the USDA’s pool. Since it is difficult to predict the amount of funding that may be received, the Company only recognizes Other Income associated with the USDA Biofuel Program when the funds are received. An additional $524 of Other Income recognized during the current year was related to a refund from our insurance carrier. Our carrier performed an audit of 2015 and determined that we were eligible for a refund. The refund was recorded in Other Income, instead of an offset to insurance expense, since its basis was an audit of a prior year. During 2015, NABE recognized Other Income from tax credits associated with IRS biodiesel blending program, from insurance payments stemming from the fire experienced at the biodiesel plant in Lenoir, NC, and from the USDA Biofuel Program. December 31, 2013 marked the expiration of the IRS tax credit of one dollar per blended gallon of biodiesel. During the first quarter of 2014, NABE sold biodiesel to a customer with the agreement that, in the event the tax credit were to be reinstated, the benefit of the tax credit would be shared equally between the companies. In late December 2014, the blender tax credit was reinstated retroactively to January 1, 2014 and was effective through December 31, 2014. The IRS issued guidance for filing for the tax credit during the first quarter of 2015. After the end of the first quarter of 2015, the Company was notified by our customer that they had successfully filed for and received the tax credit funds. NABE subsequently recognized Other Income upon receipt of $510,030 for its half of the blender tax credit dollars. Other Income of $119,746 was also recognized on the final insurance settlement from the fire incident experienced August 1, 2014 at the biodiesel plant in Lenoir, NC. Additional Other Income totaling $221 was recognized on funds received which were associated with the USDA Biofuel Program.

Note 12 Litigation

Note 12 Litigation	12 Months Ended
	Dec. 31, 2016
Notes
Note 12 Litigation	Note 12 Litigation December 31, 2013 marked the expiration of the IRS tax credit of one dollar per blended gallon of biodiesel. During the first quarter of 2014, NABE sold biodiesel to one customer with the agreement that, in the event the tax credit were to be reinstated, the benefit of the tax credit would be shared equally between the companies. In late December of 2014, the blender tax credit was reinstated retroactively to January 1, 2014 and was effective through December 31, 2014. The IRS issued guidance for filing for the tax credits during the first quarter of 2015. After the end of the first quarter of 2015, the Company was notified by our customer that the customer had successfully filed for and received the tax credit funds. NABE subsequently recognized Other Income and was paid $510,030 for its half of the blender tax credit dollars. In June of 2015, a Plaintiff filed suit against the Company and its subsidiary, NABE. The filing claimed that the Company did not have the right to retain the $510,030 that was received and recognized as Other Income. The Company is currently defending the action.

Note 2 Summary of Significant19

Note 2 Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Policies
Use of Estimates	Use of Estimates The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates.
Consolidation	Consolidation The accompanying consolidated financial statements represent the consolidated operations of Incoming, Inc. and its wholly-owned subsidiary North American Bio-Energies, LLC (“NABE”). Intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all cash balances and highly liquid investments with an initial maturity of three months or less at the date of purchase. The Company places its temporary cash investments with high credit quality financial institutions. At times such investments may be in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. As of December 31, 2016 and 2015, the Company had cash of $11,460 and $71,496, respectively, held in FDIC insured accounts.
Revenue Recognition	Revenue Recognition Incoming derives all of its revenue from operations of the NABE biodiesel plant in Lenoir, North Carolina, which was acquired in August of 2010. Through NABE, the Company’s operations are focused primarily on biodiesel production and sales. Currently, we derive revenue from biodiesel sales, from glycerin (a by-product from bio-diesel production) sales, from RIN (Renewable Identification Numbers) sales, and from kerosene sales. We generate net revenue from imported biodiesel sales between the buyer and the seller. Gross revenues are generated from the sale of own-produced biodiesel, glycerin and RIN’s. Revenues on sales of all products are recognized when the products have been delivered and collectability is reasonably assured.
Related Party Transactions	Related Party Transactions Related parties are defined as: affiliates of the Company, entities for which investments are accounted for by the equity method, trusts for the benefit of employees, principal owners, management, members of the Board, members of immediate families of principal owners or management, other parties with which the company may deal with if one party controls or can significantly influence management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests,10% ownership, etc. Transactions with related parties may not be conducted on terms equivalent to those prevailing in arm’s-length transactions (e.g. a company may receive services from a related party without cost). It is the policy of the Board of Incoming that all related party transactions are subject to review. All Related Party Transactions that are required to be disclosed in the Company’s filings with the SEC, as required by the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and related rules and regulations, shall be so disclosed in accordance with such laws, rules and regulations.
Accounts Receivable	Accounts Receivable Accounts receivable represent valid claims against customers and are recognized when products are sold or services are rendered. We extend credit terms to certain customers based on historical dealings and to other customers after review of various credit indicators, including the customer’s credit rating. Outstanding customer receivable balances are regularly reviewed for possible non-payment indicators and allowances for doubtful accounts are recorded based upon management’s estimate of collectability at the time of their review. Accounts receivable are written off when the account is deemed uncollectible. The Allowance for Doubtful Accounts balance outstanding at December 31, 2016 and 2015 was $11,096.
Inventories	Inventories Inventories consist primarily of raw materials, work-in-process and production by-products that are valued at the lower of cost, determined by the first-in, first-out method, or market.
Property and Equipment	Property and equipment Property and equipment is recorded at cost and depreciated over the estimated useful lives of the assets (which range from 5 to 20 years) using the straight-line method. Repair and maintenance expenditures, which do not result in improvements, are charged to expense as incurred.
Construction in Progress	Construction in Progress Construction in progress is stated at cost, which includes the costs incurred to third parties for construction of plant assets. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use.
Impairment of Long-lived Assets	Impairment of Long-Lived Assets Long-lived assets, including property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation of recoverability is performed using undiscounted estimated net cash flows generated by the related asset. If an asset is deemed to be impaired, the amount of impairment is determined as the amount by which the net carrying value exceeds discounted estimated net cash flows.
Net Income/(Loss) Per Share	Net Income/(Loss) per Share In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, “Earnings per Share”, basic net loss per common share is computed by dividing net loss for the period by the weighted average number of common shares outstanding during the period. Under ASC 260, diluted net income/(loss) per share is computed by dividing the net income/(loss) for the period by the weighted average number of common and common equivalent shares, such as stock options and warrants, outstanding during the period. Such common equivalent shares have not been included in the computation of net loss per share as their effect would be anti-dilutive.
Stock-based Compensation	Stock-based Compensation The Company accounts for stock-based compensation in accordance with FASB ASC 718, which requires the measurement and recognition of compensation expense for all share-based payments made to employees and directors based on estimated fair values. Share-based payments awarded to consultants are accounted for in accordance with ASC 505-50, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Connection with Selling, Goods or Services.”
Income Taxes	Income Taxes Income taxes are recorded in accordance with FASB ASC 740, “Accounting for Income Taxes”. This statement requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in the financial statements or tax returns. Measurement of the deferred items is based on enacted tax laws. In the event the future consequences of differences between financial reporting bases and tax bases of the Company’s assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability of being able to realize the future benefits indicated by such assets. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some portion or the entire deferred tax asset will not be realized. For financial reporting purposes, the Company has incurred a loss in each period since its inception. Based on the available objective evidence, including the Company’s history of losses, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at December 31, 2016 and December 31, 2015.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of the Company’s financial instruments consisting of cash, accounts payable and accrued liabilities, agreement payable and due to related party approximate their carrying value due to the short-term maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company does not expect any recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

Note 3 Inventory (Tables)

Note 3 Inventory (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Inventory	Inventories consisted of the following as of December 31, 2016 and 2015: 2016 2015 Raw materials $ 11,545 $ 8,609 Finished goods 11,393 2,603 By-products 2,872 4,106 Total $ 25,810 $ 15,318

Note 5 Property, Plant and Eq21

Note 5 Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Property, Plant and Equipment	Property and equipment consisted of the following as of December 31, 2016 and 2015: 2016 2015 Plant and equipment (1-20 years) $803,522 $804,866 Leasehold improvements (2-5 years) 48,272 81,245 Vehicle (5 years) 9,800 9,800 861,594 895,911 Less: accumulated depreciation (311,755) (271,124) Total $549,839 $624,787

Note 9 Income Taxes (Tables)

Note 9 Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	At December 31, 2016 and 2015, deferred tax assets consisted of the following: 2016 2015 Deferred tax assets Net operating losses $ 615,000 $ 536,000 Less: valuation allowance (615,000) (536,000) Net deferred tax asset $ - $ -

Note 1 Nature and Continuance23

Note 1 Nature and Continuance of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Entity Incorporation, Date of Incorporation	Dec. 22, 2006
Working Capital (deficit)	$ (547,191)
Accumulated deficit	$ (6,513,176)	$ (6,287,517)

Note 2 Summary of Significant24

Note 2 Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Details
Cash	$ 11,460	$ 71,496	$ 344

Note 2 Summary of Significant25

Note 2 Summary of Significant Accounting Policies: Accounts Receivable (Details)	Dec. 31, 2016USD ($)
Details
Allowance for Doubtful Accounts Receivable	$ 11,096

Note 2 Summary of Significant26

Note 2 Summary of Significant Accounting Policies: Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
Minimum
Property, Plant and Equipment, Useful Life	5 years
Maximum
Property, Plant and Equipment, Useful Life	20 years

Note 3 Inventory_ Schedule of I

Note 3 Inventory: Schedule of Inventory (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Details
Raw materials	$ 11,545	$ 8,609
Finished goods	11,393	2,603
By-products	2,872	4,106
Inventory	$ 25,810	$ 15,318

Note 4 Tax Credit Receivable (D

Note 4 Tax Credit Receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Renewable Diesel Fuels Tax Credits	On sales of blended biodiesel, the Company is eligible for a $1 per gallon blender’s credit, which is a refundable credit based on the Company’s production and sale of qualified agri-biodiesel in a given tax year.
Tax Credit Receivable	$ 0	$ 0

Note 5 Property, Plant and Eq29

Note 5 Property, Plant and Equipment: Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment, Gross	$ 861,594	$ 895,911
Less: accumulated depreciation	(311,755)	(271,124)
Property and equipment, net	549,839	624,787
Building
Property, Plant and Equipment, Gross	803,522	804,866
Leasehold Improvements
Property, Plant and Equipment, Gross	48,272	81,245
Vehicles
Property, Plant and Equipment, Gross	$ 9,800	$ 9,800

Note 5 Property, Plant and Eq30

Note 5 Property, Plant and Equipment: Property, Plant and Equipment - Parenthetical (Details)	12 Months Ended
	Dec. 31, 2016
Minimum
Property, Plant and Equipment, Useful Life	5 years
Maximum
Property, Plant and Equipment, Useful Life	20 years
Building | Minimum
Property, Plant and Equipment, Useful Life	1 year
Building | Maximum
Property, Plant and Equipment, Useful Life	20 years
Leasehold Improvements | Minimum
Property, Plant and Equipment, Useful Life	2 years
Leasehold Improvements | Maximum
Property, Plant and Equipment, Useful Life	5 years
Vehicles
Property, Plant and Equipment, Useful Life	5 years

Note 5 Property, Plant and Eq31

Note 5 Property, Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Depreciation	$ 74,948	$ 93,978

Note 6 Bank Line of Credit an32

Note 6 Bank Line of Credit and Notes Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2010	Dec. 31, 2009	Apr. 30, 2016	Dec. 31, 2015
Line of Credit Facility, Interest Rate Description			Interest was paid monthly at a variable rate of prime plus one percent, with an interest rate floor of 5.25%.
Term Note 1
Debt Instrument, Face Amount				$ 2,061
Debt Instrument, Periodic Payment	$ 239
Debt Instrument, Interest Rate Terms	Interest is payable at a rate of $10 per month
Long-term Debt, Gross	$ 229
Term Note 2
Debt Instrument, Face Amount				$ 9,733
Debt Instrument, Periodic Payment	$ 1,012
Debt Instrument, Interest Rate Terms	Interest is payable at a rate of $39 per month.
Long-term Debt, Gross	$ 1,947				$ 3,057
Term Loan
Line of Credit Facility, Frequency of Payments		five-year term loan with 59 monthly principal and interest installments
Line of Credit Facility, Periodic Payment		$ 4,805
Long-term Line of Credit	$ 0				$ 0
Line of Credit
Line of Credit Facility, Maximum Borrowing Capacity			$ 250,000

Note 7 Related Party Transact33

Note 7 Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues from related parties	$ 224,206	$ 81,540
Accounts receivable, related party	0	57,205
Accounts payable - related parties	307,332	276,178
Echols Oil Company
Accounts payable - related parties	32,416
Chief Executive Officer
Revenues from related parties	224,206	$ 81,540
Green Valley Bio Fuels
Accounts payable - related parties	$ 274,916

Note 8 Equity Transactions (Det

Note 8 Equity Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 18, 2015
Share price		$ 0.14
Stock-based Compensation Expense	$ 350,000
Restricted Stock Units (RSUs)
Equity Instruments, Granted	2,500,000
Restricted Stock Units (RSUs) | Chief Executive Officer
Equity Instruments, Granted	2,000,000
Restricted Stock Units (RSUs) | VP Corporate Development
Equity Instruments, Granted	500,000

Note 9 Income Taxes (Details)

Note 9 Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Details
Operating Loss Carryforwards	$ 1,758,000	$ 1,532,000

Note 9 Income Taxes_ Schedule o

Note 9 Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Net operating losses	$ 615,000	$ 536,000
Less: valuation allowance	(615,000)	(536,000)
Net deferred tax asset	$ 0	$ 0

Note 10 Major Customers and V37

Note 10 Major Customers and Vendors (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Customer | Sales Revenue, Net
Concentration Risk, Percentage	8900.00%	6500.00%
Customer Concentration Risk | Sales Revenue, Net
Concentration Risk, Percentage	900.00%	3200.00%
Customer A | Sales Revenue, Net
Concentration Risk, Percentage	800.00%	1600.00%
Customer B | Sales Revenue, Net
Concentration Risk, Percentage	100.00%	1200.00%
Supplier Concentration Risk | Cost of Goods, Total
Concentration Risk, Percentage	10000.00%	9600.00%
Customer C | Sales Revenue, Net
Concentration Risk, Percentage		400.00%

Note 11 Other Income (Details)

Note 11 Other Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other income	$ 720	$ 119,967
Tax credit income	0	510,030
Biodiesel Plant
Other income	196	221
Insurance Settlement
Other income	$ 524	$ 119,746

Note 12 Litigation (Details)

Note 12 Litigation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Tax credit income	$ 0	$ 510,030