10-K/A Filing

IQSTEL INC CIK: 1527702 FY 2017

Filing Information

Form Type	10-K/A
Accession Number	`0001078782-17-001418`
Period End Date	20170630
Filing Date	20171018
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	prsnx-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 36 Cash Flow Statement 42 Stockholders Equity 14

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.24K	USD	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.24K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$3.83K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$9.20K	USD	Point-in-time
Inventory, Net	`InventoryNet`	-	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$15.70K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$36.82K	USD	Point-in-time
Assets	`Assets`	$15.70K	USD	Point-in-time
Assets	`Assets`	$36.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$65.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$46.58K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$25.92K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$19.07K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$35.57K	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`	$98.04K	USD	Point-in-time
Liabilities	`Liabilities`	$210.38K	USD	Point-in-time
Liabilities	`Liabilities`	$224.68K	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`	$441.34K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$100.23K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$-80.14K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$34.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-573.37K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-309.68K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-208.98K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.94K	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`	$15.70K	USD	Point-in-time
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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	3.19M	shares	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
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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	100.24M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	441.34M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	100.24M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	441.34M	shares	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	Annual
Gross margin	`GrossMargin`	-	USD	Annual
Gross margin	`GrossMargin`	-	USD	Annual
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$86.25K	USD	Annual
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$106.44K	USD	Annual
Marketing expenses	`MarketingExpense`	$23.32K	USD	Annual
Marketing expenses	`MarketingExpense`	$190.00	USD	Annual
Website and hosting	`CommunicationsAndInformationTechnology`	$586.00	USD	Annual
Website and hosting	`CommunicationsAndInformationTechnology`	$5.08K	USD	Annual
Loss on Inventory Obsolescence	`OtherGeneralExpense`	-	USD	Annual
Loss on Inventory Obsolescence	`OtherGeneralExpense`	$12.19K	USD	Annual
Other expenses	`OtherGeneralAndAdministrativeExpense`	$15.10K	USD	Annual
Other expenses	`OtherGeneralAndAdministrativeExpense`	$40.03K	USD	Annual
Total expenses	`CostsAndExpenses`	$174.87K	USD	Annual
Total expenses	`CostsAndExpenses`	$114.31K	USD	Annual
Interest Expense	`InterestExpense`	$120.35K	USD	Annual
Interest Expense	`InterestExpense`	$25.99K	USD	Annual
Derivative expense	`DerivativeCostOfHedge`	$43.23K	USD	Annual
Derivative expense	`DerivativeCostOfHedge`	$13.40K	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$30.78K	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-14.20K	USD	Annual
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-149.38K	USD	Annual
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-70.17K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-245.05K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-263.69K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`ProfitLoss`	$-245.05K	USD	Annual
Net loss	`ProfitLoss`	$-263.69K	USD	Annual
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	379.10M	shares	Annual
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	150.73M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-245.05K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-263.69K	USD	Annual
Amortization of debt discount	`AdjustmentForAmortization`	$22.98K	USD	Annual
Amortization of debt discount	`AdjustmentForAmortization`	$112.91K	USD	Annual
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-43.23K	USD	Annual
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-44.18K	USD	Annual
Change in derivative liability	`ChangeInDerivativeLiability`	$14.20K	USD	Annual
Change in derivative liability	`ChangeInDerivativeLiability`	-	USD	Annual
Shares issued for services	`SharesIssuedForOrganizationalExpenses`	-	USD	Annual
Shares issued for services	`SharesIssuedForOrganizationalExpenses`	$-2.19K	USD	Annual
(Increase)/decrease in accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
(Increase)/decrease in accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	$3.83K	USD	Annual
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	$-3.83K	USD	Annual
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$9.20K	USD	Annual
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$-9.20K	USD	Annual
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.44K	USD	Annual
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.59K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.94K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-145.48K	USD	Annual
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.00K	USD	Annual
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Repayment of short term borrowings	`RepaymentsOfOtherDebt`	-	USD	Annual
Repayment of short term borrowings	`RepaymentsOfOtherDebt`	$7.00K	USD	Annual
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$6.86K	USD	Annual
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$17.27K	USD	Annual
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$55.00K	USD	Annual
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$104.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.85K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$169.27K	USD	Annual
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.09K	USD	Annual
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.79K	USD	Annual
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
CASH AT END 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`	$15.70K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-208.98K	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.94K	USD	Point-in-time
Equity Balance, Starting	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.56K	USD	Point-in-time
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	-	USD	Annual
Stock Issued During Period, Value, New Issues	`StockIssuedDuringPeriodValueNewIssues`	$55.00K	USD	Annual
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$46.95K	USD	Annual
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$26.43K	USD	Annual
Stock Issued During Period, Value, Issued for Services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.19K	USD	Annual
Stock Issued During Period, Value, Other	`StockIssuedDuringPeriodValueOther`	$179.14K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-245.05K	USD	Annual
Net Income (Loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-263.69K	USD	Annual
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-208.98K	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.94K	USD	Point-in-time
Equity Balance, Ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.56K	USD	Point-in-time

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