10-Q Filing

IQSTEL INC CIK: 1527702 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001078782-17-001608`
Period End Date	20170930
Filing Date	20171120
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	prsnx-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 34 Cash Flow Statement 41

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`	$23.79K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	3.19M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.03K	USD	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	3.19M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	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`	3.19M	shares	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.24K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.24K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.24K	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
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$10.03K	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$15.70K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	441.34M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	628.42M	shares	Point-in-time
Assets	`Assets`	$10.03K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	628.42M	shares	Point-in-time
Assets	`Assets`	$15.70K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	441.34M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$65.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.59K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$25.92K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$26.34K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$42.94K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$35.57K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$108.66K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$98.04K	USD	Point-in-time
Liabilities	`Liabilities`	$236.53K	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`	$3.19K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$441.34K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$628.42K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$-213.67K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$-80.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-573.37K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-644.43K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-208.98K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-226.50K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.70K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$10.03K	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
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$11.96K	USD	1 Quarter
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$14.75K	USD	1 Quarter
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Marketing expenses	`MarketingExpense`	$190.00	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$89.00	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$228.00	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$5.05K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$1.28K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$20.08K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$13.47K	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.28K	USD	1 Quarter
Interest Expense	`InterestExpense`	$61.97K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$9.38K	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`	$-13.76K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-57.59K	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`	$-71.06K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-71.06K	USD	1 Quarter
Net loss	`ProfitLoss`	$-41.39K	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`	512.77M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.92M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-41.39K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-71.06K	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	$60.91K	USD	1 Quarter
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-9.38K	USD	1 Quarter
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-19.03K	USD	1 Quarter
Change in derivative liability	`ChangeInDerivativeLiability`	$13.76K	USD	1 Quarter
Change in derivative liability	`ChangeInDerivativeLiability`	-	USD	1 Quarter
Shares issued for services	`SharesIssuedForOrganizationalExpenses`	-	USD	1 Quarter
(Increase)/decrease in accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
(Increase)/decrease in accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	$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`	$-6.55K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.09K	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`	$419.00	USD	1 Quarter
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$15.00K	USD	1 Quarter
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.86K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.42K	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.67K	USD	1 Quarter
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.83K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.03K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.03K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.96K	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
Conversion of convertible debentures	`DebtConversionOriginalDebtAmount1`	$53.55K	USD	1 Quarter
Conversion of convertible debentures	`DebtConversionOriginalDebtAmount1`	$50.54K	USD	1 Quarter

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