10-Q/A Filing

IQSTEL INC CIK: 1527702 Q3 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001078782-17-000869`
Period End Date	20170331
Filing Date	20170615
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	prsnx-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 72 Cash Flow Statement 40

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`	4.25M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	4.25M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$441.00	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.68K	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	3.19M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.24K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	3.19M	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.83K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, Net	`InventoryNet`	$9.20K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Inventory, Net	`InventoryNet`	$12.19K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$62.10K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$36.82K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	329.19M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	100.24M	shares	Point-in-time
Assets	`Assets`	$62.10K	USD	Point-in-time
Assets	`Assets`	$36.82K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	329.19M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	100.24M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.80K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$46.58K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$24.91K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$19.07K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$32.49K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$7.20K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$112.24K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$173.69K	USD	Point-in-time
Liabilities	`Liabilities`	$210.38K	USD	Point-in-time
Liabilities	`Liabilities`	$260.60K	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	$3.19K	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$100.23K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$329.19K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.95K	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`	$-534.82K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-198.50K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.56K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$36.82K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$62.10K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	3 Qtrs
Gross margin	`GrossMargin`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	3 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$72.61K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$63.79K	USD	3 Qtrs
Consulting and other expenses	`OtherCostAndExpenseOperating`	$39.16K	USD	1 Quarter
Consulting and other expenses	`OtherCostAndExpenseOperating`	$115.35K	USD	3 Qtrs
Marketing expenses	`MarketingExpense`	$190.00	USD	3 Qtrs
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Marketing expenses	`MarketingExpense`	-	USD	3 Qtrs
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$332.00	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$541.00	USD	3 Qtrs
Website and hosting	`CommunicationsAndInformationTechnology`	-	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$5.08K	USD	3 Qtrs
Other expenses	`OtherGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$13.15K	USD	3 Qtrs
Other expenses	`OtherGeneralAndAdministrativeExpense`	$3.70K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$13.00	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$43.20K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$120.44K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$77.67K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$72.61K	USD	1 Quarter
Interest Expense	`InterestExpense`	$6.55K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$1.68K	USD	1 Quarter
Interest Expense	`InterestExpense`	$8.00K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$8.00K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$44.51K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$98.51K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$58.29K	USD	3 Qtrs
Derivative expense	`DerivativeCostOfHedge`	$44.51K	USD	3 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$39.59K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$102.86K	USD	3 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-1.06K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-1.06K	USD	3 Qtrs
Gain on license fees	`GainOnLicenseFees`	-	USD	1 Quarter
Gain on license fees	`GainOnLicenseFees`	$20.24K	USD	3 Qtrs
Gain on license fees	`GainOnLicenseFees`	$20.24K	USD	1 Quarter
Gain on license fees	`GainOnLicenseFees`	-	USD	3 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-119.54K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-51.45K	USD	3 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-51.45K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-147.47K	USD	3 Qtrs
Net Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-124.06K	USD	1 Quarter
Net Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-225.14K	USD	3 Qtrs
Net Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-171.89K	USD	3 Qtrs
Net Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-162.74K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`ProfitLoss`	$-162.74K	USD	1 Quarter
Net loss	`ProfitLoss`	$-124.06K	USD	1 Quarter
Net loss	`ProfitLoss`	$-171.89K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-225.14K	USD	3 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	3 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	3 Qtrs
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`	261.56M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	190.55M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	190.55M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	261.56M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-171.89K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-225.14K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	$7.14K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	-	USD	3 Qtrs
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$161.15K	USD	3 Qtrs
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$44.52K	USD	3 Qtrs
Change in derivative liability	`ChangeInDerivativeLiability`	-	USD	3 Qtrs
Change in derivative liability	`ChangeInDerivativeLiability`	$-1.06K	USD	3 Qtrs
Shares issued for organizational expenses	`SharesIssuedForOrganizationalExpenses`	$2.19K	USD	3 Qtrs
Shares issued for organizational expenses	`SharesIssuedForOrganizationalExpenses`	-	USD	3 Qtrs
(Increase)/decrease in refund receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
(Increase)/decrease in refund receivables	`IncreaseDecreaseInOtherReceivables`	$-20.24K	USD	3 Qtrs
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	-	USD	3 Qtrs
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	$3.83K	USD	3 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-2.99K	USD	3 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-7.92K	USD	3 Qtrs
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-26.24K	USD	3 Qtrs
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.24K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.95K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.98K	USD	3 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$5.84K	USD	3 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$13.92K	USD	3 Qtrs
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$55.00K	USD	3 Qtrs
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$76.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.84K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.42K	USD	3 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$441.00	USD	3 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.89K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$441.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.68K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$441.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.68K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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