10-K Filing

KONATEL, INC. CIK: 845819 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001515971-16-000420`
Period End Date	20150930
Filing Date	20160113
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	dalp-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 61 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
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	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.07K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$34.10K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.44K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	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
Total current assets	`AssetsCurrent`	$1.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.39K	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	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`	$608.00K	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
Total assets	`Assets`	$3.12M	USD	Point-in-time
Total assets	`Assets`	$646.39K	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
Notes payables	`NotesPayableCurrent`	$100.98K	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$55.21K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$228.68K	USD	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	`AccruedLiabilitiesCurrent`	$18.23K	USD	Point-in-time
Registration rights liability	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$329.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.72K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$54.24K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$383.90K	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`	$1.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$646.39K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.12M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	-	USD	Annual
Revenues, net	`Revenues`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$399.57K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$681.10K	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$1.95M	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$260.72K	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$2.64M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$660.29K	USD	3 Qtrs
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$2.76M	USD	Annual
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$-2.00M	USD	3 Qtrs
Registration rights expense	`OtherNonoperatingExpense`	$48.60K	USD	3 Qtrs
Registration rights expense	`OtherNonoperatingExpense`	$133.66K	USD	Annual
Interest expense	`InterestExpense`	$1.26K	USD	3 Qtrs
Interest expense	`InterestExpense`	$986.00	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$2.62M	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$-2.05M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$78.00K	USD	Annual
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$39.49K	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-90.68K	USD	Annual
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.75M	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	3 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.38M	shares	3 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Impairment of oil and natural gas properties	`ExplorationAbandonmentAndImpairmentExpense`	$1.95M	USD	Annual
Impairment of oil and natural gas properties	`ExplorationAbandonmentAndImpairmentExpense`	$260.72K	USD	3 Qtrs
Gain/(Loss) on changes in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$2.00M	USD	3 Qtrs
Gain/(Loss) on changes in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-2.76M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$44.35K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$133.04K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.78K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$711.00	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-338.00	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.10K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$79.24K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$55.21K	USD	3 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	$18.23K	USD	3 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	$-18.23K	USD	Annual
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	Annual
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$11.29K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$985.00	USD	Annual
Accrued interest	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-631.61K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-356.24K	USD	3 Qtrs
Payments of net liabilities from Westcott in reverse merger	`OtherPaymentsToAcquireBusinesses`	-	USD	Annual
Payments of net liabilities from Westcott in reverse merger	`OtherPaymentsToAcquireBusinesses`	$151.52K	USD	3 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	$4.00K	USD	Annual
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	-	USD	3 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$260.72K	USD	3 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$591.04K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-412.25K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-587.04K	USD	Annual
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$100.00K	USD	Annual
Proceeds received from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from issuance of convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.99M	USD	3 Qtrs
Proceeds from issuance of convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.99M	USD	Annual
Proceeds from issuance of convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Proceeds from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-60.49K	USD	Annual
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-39.49K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$39.51K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.95M	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18M	USD	Annual
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.18M	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.26K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Issuance of common stock for oil and natural gas properties	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$1.90M	USD	3 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	3 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	Annual
Derivative liabilities related to preferred stock and warrants	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$817.81K	USD	3 Qtrs
Derivative liabilities related to preferred stock and warrants	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	-	USD	Annual
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$76.72K	USD	Annual
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Convertible preferred stock exercised, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$11.03K	USD	Annual
Contributed assets in exchange for common stock, value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$1.90M	USD	3 Qtrs
Contributed assets in exchange for common stock, shares	`StockIssuedDuringPeriodSharesPurchaseOfAssets`	10.00M	shares	Annual
Recapitalization from Reverse Merger, value	`StockIssuedDuringPeriodValueNewIssues`	$-151.52K	USD	3 Qtrs
Derivatives related to preferred stock and warrants	`AdjustmentsToAdditionalPaidInCapitalOther`	$-106.76K	USD	3 Qtrs
Derivatives related to preferred stock and warrants	`AdjustmentsToAdditionalPaidInCapitalOther`	$7.72K	USD	Annual
Offering costs related to issuance of preferred stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$35.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$44.35K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$133.04K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStockPaidinkind`	$-39.49K	USD	3 Qtrs
Dividends on preferred stock	`DividendsPreferredStockPaidinkind`	$-78.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Ending Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	-	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time

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