10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001515971-16-000444`
Period End Date	20151231
Filing Date	20160222
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	dalp-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 50

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$610.45K	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`	$11.11K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.07K	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`	$34.44K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$21.65K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,025.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$32.76K	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Total current assets	`AssetsCurrent`	$38.39K	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`	$608.00K	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
TOTAL ASSETS	`Assets`	$646.39K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$640.76K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.52M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.52M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	$126.60K	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	$100.98K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$228.68K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$277.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$329.67K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$54.24K	USD	Point-in-time
Total liabilities	`Liabilities`	$383.90K	USD	Point-in-time
Total liabilities	`Liabilities`	$403.72K	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`	$1.30M	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`	$12.52K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$646.39K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$640.76K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	-	USD	1 Quarter
Revenues, net	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$237.68K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$76.94K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$261.34K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$76.94K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$499.01K	USD	1 Quarter
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$343.52K	USD	1 Quarter
Gain/(loss) on derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	-	USD	1 Quarter
Registration rights payment	`OtherNonoperatingExpense`	$91.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.63K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$48.61K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$252.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-246.63K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.12K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-276.75K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-58.70K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	12.51M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-28.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-246.63K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$261.34K	USD	1 Quarter
Gain/(Loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	$-54.24K	USD	1 Quarter
Gain/(Loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	$-343.52K	USD	1 Quarter
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of prepaid assets	`AdjustmentForAmortization`	$8.53K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$33.26K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$33.26K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.79K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.07K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.72K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.38K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-296.59K	USD	1 Quarter
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	-	USD	1 Quarter
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$244.86K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-244.86K	USD	1 Quarter
Proceeds received from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$25.62K	USD	1 Quarter
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-30.12K	USD	1 Quarter
Payment of dividends on preferred stock	`DividendsPreferredStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.62K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.12K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-571.58K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.23K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$610.45K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.11K	USD	Point-in-time
Cash at end 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`	$610.45K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.11K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	1 Quarter
Common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	1 Quarter
Investments in Oil and Gas Properties included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$117.61K	USD	1 Quarter
Investments in Oil and Gas Properties included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	1 Quarter
Dividends on preferred stock accrued	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Dividends on preferred stock accrued	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$30.38K	USD	1 Quarter

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