10-Q Filing

KONATEL, INC. CIK: 845819 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001515971-15-000152`
Period End Date	20150331
Filing Date	20150512
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	dalp-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 39 Cash Flow Statement 48

Balance Sheet 59 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
Series A preferred convertible stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Series A preferred convertible stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.78K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.78K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`PreferredStockSharesIssued`	2,008.00	shares	Point-in-time
Series A preferred convertible stock, shares issued	`PreferredStockSharesIssued`	2,025.00	shares	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssetsCurrent`	$8.53K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`PreferredStockSharesOutstanding`	2,025.00	shares	Point-in-time
Series A preferred convertible stock, shares outstanding	`PreferredStockSharesOutstanding`	2,008.00	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`	$236.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22M	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$2.05M	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	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, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.28M	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.50M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$192.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.21K	USD	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	$11.29K	USD	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Registration rights liability	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$18.23K	USD	Point-in-time
Registration rights liability	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.72K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.69M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.88M	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`	$1.31M	USD	Point-in-time
Series A preferred convertible stock	`PreferredStockValue`	$1.30M	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`	$1.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.64M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.28M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.12M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$450.17K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$212.50K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$103.79K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$365.12K	USD	2 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$22.66K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$316.28K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$815.29K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-815.29K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-22.66K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-316.28K	USD	1 Quarter
Gain/(loss) on derivative valuation	`UnrealizedGainLossOnDerivatives`	$121.24K	USD	2 Qtrs
Gain/(loss) on derivative valuation	`UnrealizedGainLossOnDerivatives`	$-222.28K	USD	1 Quarter
Gain/(loss) on derivative valuation	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	-	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	$133.66K	USD	2 Qtrs
Registration rights payment	`OtherNonoperatingExpense`	$42.52K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$-264.80K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$-12.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-581.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-827.71K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-22.66K	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$30.37K	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$60.49K	USD	2 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-611.46K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-888.21K	USD	2 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-22.66K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.87M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-581.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-827.71K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-22.66K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$103.79K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$365.12K	USD	2 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Gain/(Loss) on changes in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain/(Loss) on changes in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-121.24K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$66.52K	USD	2 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	$25.58K	USD	2 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.66K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$69.95K	USD	2 Qtrs
Registration rights liability	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-18.23K	USD	2 Qtrs
Registration rights liability	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	2 Qtrs
NET CASH USED IN OPERATIONS	`NetCashProvidedByUsedInOperatingActivities`	$-451.30K	USD	2 Qtrs
NET CASH USED IN OPERATIONS	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	$4.00K	USD	2 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	-	USD	1 Quarter
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	-	USD	1 Quarter
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$448.53K	USD	2 Qtrs
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-444.53K	USD	2 Qtrs
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Payment of dividends on preferred stock	`DividendsPreferredStock`	-	USD	1 Quarter
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-60.49K	USD	2 Qtrs
CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-60.49K	USD	2 Qtrs
CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-956.32K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$225.71K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$225.71K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	2 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	2 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	1 Quarter
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$67.30K	USD	2 Qtrs
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	1 Quarter

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