10-Q/A Filing

IQSTEL INC CIK: 1527702 Q1 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0001078782-15-001937`
Period End Date	20150930
Filing Date	20151124
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	psnx-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 28 Cash Flow Statement 34

Balance Sheet 44 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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash or cash equivalents	`Cash`	-	USD	Point-in-time
Cash or cash equivalents	`Cash`	$187.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$187.00	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible asset - Product formulas, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$187.00	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	400.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	100.00M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	100.00M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	400.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.41K	USD	Point-in-time
Loans - related party	`DueToRelatedPartiesCurrent`	$1.80K	USD	Point-in-time
Loans - related party	`DueToRelatedPartiesCurrent`	$11.52K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$36.92K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.94K	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; 1,000,000 shares and none issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; 1,000,000 shares and none issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 100,000,000 and 400,000,000 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized; 100,000,000 and 400,000,000 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-345.31K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-46.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.42K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.63K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.94K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.74K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$187.00	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$21.78K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$10.66K	USD	1 Quarter
Website and hosting	`ResearchAndDevelopmentExpense`	$5.00K	USD	1 Quarter
Website and hosting	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Auto and truck expenses	`FreightCosts`	$13.00	USD	1 Quarter
Auto and truck expenses	`FreightCosts`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$10.66K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$26.79K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-296.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	$-296.00	USD	1 Quarter
Total other income/(expense)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.95K	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-26.79K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.75K	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.00M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.00M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$-11.75K	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$-26.79K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	-	USD	1 Quarter
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-297.00	USD	1 Quarter
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.26K	USD	1 Quarter
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.00	USD	1 Quarter
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
(Increase) in deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.05K	USD	1 Quarter
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$9.72K	USD	1 Quarter
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$12.05K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.05K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.72K	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$187.00	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$800.00	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cancellation of Common Stock (300M)	`CancellationOfCommonStock300m`	-	USD	1 Quarter
Cancellation of Common Stock (300M)	`CancellationOfCommonStock300m`	$-300.00K	USD	1 Quarter
Issuance of Preferred Stock (1M)	`IssuanceOfPreferredStock1m`	$1.00K	USD	1 Quarter
Issuance of Preferred Stock (1M)	`IssuanceOfPreferredStock1m`	-	USD	1 Quarter

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