10-K/A Filing

IQSTEL INC CIK: 1527702 FY 2015

Filing Information

Form Type	10-K/A
Accession Number	`0001078782-15-001626`
Period End Date	20150630
Filing Date	20151014
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	psnx-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 31 Cash Flow Statement 28 Stockholders Equity 9

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$93.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$93.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	400.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	400.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	400.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.14K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	400.00M	shares	Point-in-time
Sales revenue received in advance	`SalesRevenueReceivedInAdvance`	$5.00K	USD	Point-in-time
Sales revenue received in advance	`SalesRevenueReceivedInAdvance`	-	USD	Point-in-time
Loans - related party (Note 5)	`DueToRelatedPartiesCurrent`	$1.80K	USD	Point-in-time
Loans - related party (Note 5)	`DueToRelatedPartiesCurrent`	$33.85K	USD	Point-in-time
Loans - unrelated party	`LoansPayableCurrent`	$619.00	USD	Point-in-time
Loans - unrelated party	`LoansPayableCurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$44.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.94K	USD	Point-in-time
Preferred stock, 1,000,000 shares authorized, $0.001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 1,000,000 shares authorized, $0.001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value; 400,000,000 shares issued and outstanding	`CommonStockValue`	$400.00K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value; 400,000,000 shares issued and outstanding	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-345.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-412.60K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-64.63K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-31.76K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-44.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.94K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$93.00	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	$7.71K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$924.00	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
Gross profit	`GrossProfit`	$6.78K	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Samples/marketing expense	`MarketingExpense`	-	USD	Annual
Samples/marketing expense	`MarketingExpense`	$304.00	USD	Annual
Consulting and other expenses	`OtherCostAndExpenseOperating`	$36.08K	USD	Annual
Consulting and other expenses	`OtherCostAndExpenseOperating`	$29.95K	USD	Annual
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	Annual
Amortization expense	`AmortizationOfFinancingCosts`	-	USD	Annual
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
Organization expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
Total expenses	`OperatingExpenses`	$30.25K	USD	Annual
Total expenses	`OperatingExpenses`	$36.08K	USD	Annual
Interest expense	`InterestExpense`	$-994.00	USD	Annual
Interest expense	`InterestExpense`	$-889.00	USD	Annual
Gain on relief of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.00K	USD	Annual
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$-889.00	USD	Annual
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$4.01K	USD	Annual
Net income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.36K	USD	Annual
Net income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.07K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$800.00	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$800.00	USD	Annual
Net income (loss)	`ProfitLoss`	$-25.16K	USD	Annual
Net income (loss)	`ProfitLoss`	$-32.87K	USD	Annual
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	400.00M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	400.00M	shares	Annual

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-32.87K	USD	Annual
Net loss	`NetIncomeLoss`	$-25.16K	USD	Annual
Gain on debt relief	`GainOnDebtRelief1`	-	USD	Annual
Gain on debt relief	`GainOnDebtRelief1`	$-5.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$93.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$119.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.44K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.54K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.47K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.23K	USD	Annual
Proceeds from loan - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$33.85K	USD	Annual
Proceeds from loan - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$35.23K	USD	Annual
Proceeds from loan - unrelated party	`ProceedsFromRepaymentsOfDebt`	$619.00	USD	Annual
Proceeds from loan - unrelated party	`ProceedsFromRepaymentsOfDebt`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$35.23K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.47K	USD	Annual
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$800.00	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$800.00	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`SharesOutstanding`	-19,202.00	shares	Point-in-time
Balance	`Balance`	44,360.00	shares	Point-in-time
Balance	`Balance1`	-9,943.00	shares	Point-in-time
Balance	`SharesOutstanding`	-19,202.00	shares	Point-in-time
Net loss for the year	`NetLossForTheYear`	$-25.16K	USD	Annual
Balance	`Balance`	44,360.00	shares	Point-in-time
Debt forgiveness from shareholder	`DebtForgivenessFromShareholder`	$67.29K	USD	Annual
Net loss for the year	`NetLossForTheYear1`	$-32.87K	USD	Annual
Balance	`Balance1`	-9,943.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.