10-Q/A Filing

IQSTEL INC CIK: 1527702 Q1 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001078782-17-000865`
Period End Date	20160930
Filing Date	20170615
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	prsnx-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 34 Cash Flow Statement 36

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`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	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$3.29K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.83K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.07K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, Net	`InventoryNet`	$12.19K	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
Inventory, Net	`InventoryNet`	$9.20K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	105.37M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	100.24M	shares	Point-in-time
Assets, Current	`AssetsCurrent`	$21.51K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$36.82K	USD	Point-in-time
Assets	`Assets`	$21.51K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	100.24M	shares	Point-in-time
Assets	`Assets`	$36.82K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	105.37M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$51.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$46.58K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$19.07K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$20.93K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$36.15K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$32.49K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$112.24K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$77.07K	USD	Point-in-time
Liabilities	`Liabilities`	$210.38K	USD	Point-in-time
Liabilities	`Liabilities`	$185.92K	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	$1.00K	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$105.37K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$100.23K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$80.30K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$34.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-309.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.07K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.56K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-164.40K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$21.51K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$36.82K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	1 Quarter
Consulting expenses	`OtherCostAndExpenseOperating`	$21.78K	USD	1 Quarter
Consulting expenses	`OtherCostAndExpenseOperating`	$14.75K	USD	1 Quarter
Marketing expenses	`MarketingExpense`	$190.00	USD	1 Quarter
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$89.00	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$5.00K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$5.05K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$13.00	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$20.08K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$26.79K	USD	1 Quarter
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.28K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	-	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$3.66K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$15.37K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-21.31K	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.39K	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-26.79K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-41.39K	USD	1 Quarter
Net loss	`ProfitLoss`	$-26.79K	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.92M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-26.79K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-41.39K	USD	1 Quarter
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$19.03K	USD	1 Quarter
(Increase)/decrease in refund receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
(Increase)/decrease in refund receivables	`IncreaseDecreaseInOtherReceivables`	$-3.29K	USD	1 Quarter
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	-	USD	1 Quarter
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	$2.76K	USD	1 Quarter
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-2.99K	USD	1 Quarter
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.19K	USD	1 Quarter
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.26K	USD	1 Quarter
Increase (decrease) in sales revenue received in advance	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	-	USD	1 Quarter
Increase (decrease) in sales revenue received in advance	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.69K	USD	1 Quarter
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$1.86K	USD	1 Quarter
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$9.72K	USD	1 Quarter
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.72K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.86K	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.83K	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$187.00	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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