10-Q Filing

IQSTEL INC CIK: 1527702 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001078782-18-000194`
Period End Date	20171231
Filing Date	20180220
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	prsnx-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 74 Cash Flow Statement 44

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`	6.38M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	6.38M	shares	Point-in-time
Cash or cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.00	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`	$382.00	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 Outstanding	`PreferredStockSharesOutstanding`	3.19M	shares	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.24K	USD	Point-in-time
Refund Receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.24K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	3.19M	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
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.24K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.24K	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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Assets, Current	`AssetsCurrent`	$382.00	USD	Point-in-time
Assets, Current	`AssetsCurrent`	$15.70K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	851.26M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	441.34M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	851.26M	shares	Point-in-time
Assets	`Assets`	$15.70K	USD	Point-in-time
Assets	`Assets`	$382.00	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	441.34M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.63K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$65.14K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$25.92K	USD	Point-in-time
Loans - related party	`OtherLoansPayableCurrent`	$26.46K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$6.54K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleDebtCurrent`	$35.57K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$98.04K	USD	Point-in-time
Derivative liability	`DerivativeInstrumentsAndHedgesLiabilities`	$49.94K	USD	Point-in-time
Liabilities	`Liabilities`	$224.68K	USD	Point-in-time
Liabilities	`Liabilities`	$152.57K	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`	$851.26K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$-80.14K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$-388.42K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-573.37K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-618.22K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-208.98K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-152.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$382.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.70K	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Gross margin	`GrossMargin`	-	USD	2 Qtrs
Gross margin	`GrossMargin`	-	USD	2 Qtrs
Gross margin	`GrossMargin`	-	USD	1 Quarter
Gross margin	`GrossMargin`	-	USD	1 Quarter
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$9.88K	USD	1 Quarter
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$18.49K	USD	1 Quarter
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$30.46K	USD	2 Qtrs
Professional fees and consulting expenses	`OtherCostAndExpenseOperating`	$24.63K	USD	2 Qtrs
Marketing expenses	`MarketingExpense`	-	USD	2 Qtrs
Marketing expenses	`MarketingExpense`	$190.00	USD	2 Qtrs
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Marketing expenses	`MarketingExpense`	-	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$209.00	USD	2 Qtrs
Website and hosting	`CommunicationsAndInformationTechnology`	$416.00	USD	2 Qtrs
Website and hosting	`CommunicationsAndInformationTechnology`	$120.00	USD	1 Quarter
Website and hosting	`CommunicationsAndInformationTechnology`	$188.00	USD	1 Quarter
Loss on Inventory	`OtherGeneralExpense`	-	USD	2 Qtrs
Loss on Inventory	`OtherGeneralExpense`	-	USD	2 Qtrs
Other expenses	`OtherGeneralAndAdministrativeExpense`	$4.40K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$1.67K	USD	1 Quarter
Other expenses	`OtherGeneralAndAdministrativeExpense`	$2.95K	USD	2 Qtrs
Other expenses	`OtherGeneralAndAdministrativeExpense`	$9.45K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$34.48K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$14.40K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$20.35K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$33.82K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$18.56K	USD	1 Quarter
Interest Expense	`InterestExpense`	$4.87K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$80.53K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$2.59K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$698.00	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$4.36K	USD	2 Qtrs
Derivative expense	`DerivativeCostOfHedge`	$-6.39K	USD	1 Quarter
Derivative expense	`DerivativeCostOfHedge`	$2.99K	USD	2 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-72.48K	USD	2 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-58.72K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$3.33K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$18.70K	USD	2 Qtrs
Gain on license fees	`OtherNonoperatingIncome`	-	USD	1 Quarter
Gain on license fees	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Gain on license fees	`OtherNonoperatingIncome`	-	USD	1 Quarter
Gain on license fees	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-11.03K	USD	2 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-6.62K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-27.93K	USD	2 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$46.55K	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-62.40K	USD	2 Qtrs
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.02K	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.85K	USD	2 Qtrs
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.21K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`ProfitLoss`	$-62.40K	USD	2 Qtrs
Net loss	`ProfitLoss`	$26.21K	USD	1 Quarter
Net loss	`ProfitLoss`	$-21.02K	USD	1 Quarter
Net loss	`ProfitLoss`	$-44.85K	USD	2 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	2 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Basic and diluted income/(loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	742.20M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	148.24M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	742.20M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	148.24M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-62.40K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-44.85K	USD	2 Qtrs
Amortization of debt discount	`AdjustmentForAmortization`	$79.00K	USD	2 Qtrs
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	2 Qtrs
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-2.99K	USD	2 Qtrs
Derivative expense	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$-23.05K	USD	2 Qtrs
Change in derivative liability	`ChangeInDerivativeLiability`	$72.48K	USD	2 Qtrs
Change in derivative liability	`ChangeInDerivativeLiability`	-	USD	2 Qtrs
Shares issued for services	`SharesIssuedForOrganizationalExpenses`	-	USD	2 Qtrs
Shares issued for services	`SharesIssuedForOrganizationalExpenses`	$-2.19K	USD	2 Qtrs
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	$-3.83K	USD	2 Qtrs
(Increase)/decrease in prepaid	`IncreaseDecreaseInUnbilledReceivables`	-	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase)/decrease in inventory	`IncreaseDecreaseInInventories`	$2.99K	USD	2 Qtrs
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.76K	USD	2 Qtrs
Increase/(decrease) in accrued expenses and accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.49K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.86K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.56K	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$538.00	USD	2 Qtrs
Proceeds from loan - related parties	`ProceedsFromRelatedPartyDebt`	$3.83K	USD	2 Qtrs
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	$15.00K	USD	2 Qtrs
Proceeds from loan - third party	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.54K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.83K	USD	2 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.32K	USD	2 Qtrs
CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.73K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$59.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$382.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$59.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.70K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$382.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$23.79K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Issuance(Cancellation) of Common Stock 20M and (300M)	`ConversionOfStockAmountConverted1`	-	USD	2 Qtrs
Issuance(Cancellation) of Common Stock 20M and (300M)	`ConversionOfStockAmountConverted1`	$20.00K	USD	2 Qtrs
Issuance of Preferred Stock (2.1M) and (1M)	`ConversionOfStockAmountIssued1`	-	USD	2 Qtrs
Issuance of Preferred Stock (2.1M) and (1M)	`ConversionOfStockAmountIssued1`	$2.19K	USD	2 Qtrs
Conversion of convertible debentures	`DebtConversionOriginalDebtAmount1`	$132.14K	USD	2 Qtrs
Conversion of convertible debentures	`DebtConversionOriginalDebtAmount1`	$101.64K	USD	2 Qtrs

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