10-Q Filing

KONATEL, INC. CIK: 845819 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001515971-15-000264`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	dalp-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 56 Cash Flow Statement 64

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Series A preferred convertible stock, par value per share in dollars	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Series A preferred convertible stock, par value per share in dollars	`TemporaryEquityParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	USD	Point-in-time
Series A preferred convertible stock, shares authorized	`TemporaryEquitySharesAuthorized`	50.00M	shares	Point-in-time
Series A preferred convertible stock, shares authorized	`TemporaryEquitySharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.78K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Prepaid	`PrepaidExpenseCurrent`	$34.10K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	Point-in-time
Prepaid	`PrepaidExpenseCurrent`	$47.23K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,025.00	shares	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.50K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	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
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.42K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$2.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.52M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.12M	USD	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`	$55.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$187.24K	USD	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	$11.29K	USD	Point-in-time
Due to related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	$100.49K	USD	Point-in-time
Registration rights liability	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Registration rights liability	`AccruedLiabilitiesCurrent`	$18.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$287.73K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.18M	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`	$3.47M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A 6% preferred convertible stock	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$1.31M	USD	Point-in-time
Series A 6% preferred convertible stock	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$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`	$1.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.43M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.66M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.12M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.11M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$600.37K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$150.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$260.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$282.81K	USD	2 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$116.86K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$481.98K	USD	3 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$43.94K	USD	2 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$43.94K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$267.06K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$326.74K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$1.08M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$304.09K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-304.09K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-1.08M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-267.06K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-326.74K	USD	2 Qtrs
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$-490.26K	USD	1 Quarter
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$-369.02K	USD	3 Qtrs
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$610.00	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$610.00	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	-	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	$133.66K	USD	3 Qtrs
Registration rights payment	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Registration rights payment	`OtherNonoperatingExpense`	-	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total non-operating income	`NonoperatingIncomeExpense`	$-503.29K	USD	3 Qtrs
Total non-operating income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$-490.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-757.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-326.74K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.59M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-304.09K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$13.02K	USD	2 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$90.87K	USD	3 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$13.02K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-317.11K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.68M	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-339.76K	USD	2 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-788.31K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	2 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	3 Qtrs
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.94M	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`	5.30M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-757.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-326.74K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.59M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-304.09K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$116.86K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$481.98K	USD	3 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$43.94K	USD	2 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$43.94K	USD	1 Quarter
Gain)/(Loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	2 Qtrs
Gain)/(Loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	$369.02K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$99.78K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.09K	USD	2 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	$-13.13K	USD	3 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.78K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.93K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.48K	USD	2 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	$-18.23K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$4.29K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$493.00	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
NET CASH USED IN OPERATIONS	`NetCashProvidedByUsedInOperatingActivities`	$-650.30K	USD	3 Qtrs
NET CASH USED IN OPERATIONS	`NetCashProvidedByUsedInOperatingActivities`	$-250.95K	USD	2 Qtrs
Payments of net liabilities from Westcott in reverse merger	`OtherPaymentsToAcquireBusinesses`	-	USD	3 Qtrs
Payments of net liabilities from Westcott in reverse merger	`OtherPaymentsToAcquireBusinesses`	$151.04K	USD	2 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	$4.00K	USD	3 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	-	USD	2 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$541.04K	USD	3 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$43.94K	USD	2 Qtrs
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-537.04K	USD	3 Qtrs
CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-194.98K	USD	2 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$97.50K	USD	3 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.99M	USD	2 Qtrs
Proceeds from issuance of convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.99M	USD	Annual
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-13.02K	USD	2 Qtrs
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-60.49K	USD	3 Qtrs
CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.98M	USD	2 Qtrs
CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$37.01K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.15M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	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`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	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`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Issuance of common stock for oil and natural gas properties	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$1.90M	USD	2 Qtrs
Issuance of common stock for oil and natural gas properties	`StockIssuedDuringPeriodValuePurchaseOfAssets`	-	USD	3 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	2 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	3 Qtrs
Derivative liabilities related to preferred stock and warrants	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	-	USD	3 Qtrs
Derivative liabilities related to preferred stock and warrants	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$817.81K	USD	2 Qtrs
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	2 Qtrs
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$76.72K	USD	3 Qtrs

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