10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001515971-15-000059`
Period End Date	20141231
Filing Date	20150217
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	dalp-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 13 Cash Flow Statement 21

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Series A preferred convertible stock, par value per share in dollars	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Series A preferred convertible stock, par value per share in dollars	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$610.45K	USD	Point-in-time
Series A preferred convertible stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Series A preferred convertible stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Series A preferred convertible stock, shares issued	`PreferredStockSharesIssued`	2,025.00	shares	Point-in-time
Series A preferred convertible stock, shares issued	`PreferredStockSharesIssued`	2,008.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.78K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$5.78K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`PreferredStockSharesOutstanding`	2,008.00	shares	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssetsCurrent`	$25.58K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`PreferredStockSharesOutstanding`	2,025.00	shares	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssetsCurrent`	$34.10K	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Total current assets	`AssetsCurrent`	$641.81K	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Total current assets	`AssetsCurrent`	$1.22M	USD	Point-in-time
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$2.00M	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$1.90M	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.12M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.50M	shares	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	$11.29K	USD	Point-in-time
Registration rights liability	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$18.23K	USD	Point-in-time
Registration rights liability	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$18.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.76K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.66M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred convertible stock	`PreferredStockValue`	$1.30M	USD	Point-in-time
Series A preferred convertible stock	`PreferredStockValue`	$1.31M	USD	Point-in-time
Common Stock	`CommonStockValue`	$12.52K	USD	Point-in-time
Common Stock	`CommonStockValue`	$12.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.12M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$2.64M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$237.68K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$261.34K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$499.01K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-499.01K	USD	1 Quarter
Gain on derivative valuation	`UnrealizedGainLossOnDerivatives`	$343.52K	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	$91.13K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$252.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-246.63K	USD	1 Quarter
Dividends on preferred stock	`Dividends`	$30.12K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-276.75K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.51M	shares	1 Quarter

Cash Flow Statement 21 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-246.63K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$261.34K	USD	1 Quarter
Gain changes in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-343.52K	USD	1 Quarter
Amortization of prepaid assets	`AdjustmentForAmortization`	$8.53K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$33.26K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.72K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	1 Quarter
NET CASH USED IN OPERATIONS	`NetCashProvidedByUsedInOperatingActivities`	$-296.59K	USD	1 Quarter
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$244.86K	USD	1 Quarter
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-244.86K	USD	1 Quarter
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-30.12K	USD	1 Quarter
CASH USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-30.12K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-571.58K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$610.45K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$610.45K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	1 Quarter
Investments in Oil and Gas Properties included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$117.61K	USD	1 Quarter

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