10-Q Filing

KONATEL, INC. CIK: 845819 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001515971-16-000586`
Period End Date	20160630
Filing Date	20160816
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	dalp-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 66

Balance Sheet 58 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.72K	USD	Point-in-time
Series A preferred convertible stock, shares authorized	`TemporaryEquitySharesAuthorized`	50.00M	shares	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.07K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	-	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 outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$500.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.44K	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
Total current assets	`AssetsCurrent`	$11.22K	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
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`	$190.00K	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
TOTAL ASSETS	`Assets`	$201.22K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$646.39K	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`	3.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	$100.98K	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	$151.88K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$228.68K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$122.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$274.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$329.67K	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`	$383.90K	USD	Point-in-time
Total liabilities	`Liabilities`	$274.12K	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`	$3.96K	USD	Point-in-time
Common Stock	`CommonStockValue`	$12.52K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.95M	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`	$-1.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$646.39K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$201.22K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	3 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$150.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$145.64K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$600.37K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.82K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$116.86K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$481.98K	USD	3 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$145.64K	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$16.82K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$1.08M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$267.06K	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	3 Qtrs
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$-490.26K	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$-369.02K	USD	3 Qtrs
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Registration rights expense	`OtherNonoperatingExpense`	$133.66K	USD	3 Qtrs
Registration rights expense	`OtherNonoperatingExpense`	-	USD	3 Qtrs
Registration rights expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Registration rights expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$4.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$610.00	USD	1 Quarter
Interest expense	`InterestExpense`	$14.86K	USD	3 Qtrs
Interest expense	`InterestExpense`	$610.00	USD	3 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$39.38K	USD	3 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$-4.97K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-503.29K	USD	3 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$-490.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-106.26K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-21.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.59M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-757.93K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$90.87K	USD	3 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$91.12K	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-788.31K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-197.38K	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.68M	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-52.16K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 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`	11.43M	shares	3 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.23M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-106.26K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-21.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.59M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-757.93K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$116.86K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$481.98K	USD	3 Qtrs
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	3 Qtrs
Gain (loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	$-54.24K	USD	3 Qtrs
Gain (loss) on changes in fair value of derivatives	`IncreaseDecreaseInDerivativeLiabilities`	$369.02K	USD	3 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	$-13.13K	USD	3 Qtrs
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$99.78K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.78K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	3 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.94K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.93K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.12K	USD	3 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	$-18.23K	USD	3 Qtrs
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$493.00	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.67K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.16K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-650.30K	USD	3 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	-	USD	3 Qtrs
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	$4.00K	USD	3 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	-	USD	3 Qtrs
Cash paid for oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$541.04K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-537.04K	USD	3 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$97.50K	USD	3 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$90.01K	USD	3 Qtrs
Payment of dividends on preferred stock	`DividendsPreferredStock`	-	USD	3 Qtrs
Payment of dividends on preferred stock	`DividendsPreferredStock`	$-60.49K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.01K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.01K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.15M	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.85K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.72K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.68K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.72K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	3 Qtrs
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	3 Qtrs
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	3 Qtrs
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$76.72K	USD	3 Qtrs
Dividends on preferred stock forgiven	`DividendsPaidinkind`	-	USD	3 Qtrs
Dividends on preferred stock forgiven	`DividendsPaidinkind`	$43.57K	USD	3 Qtrs
Payables forgiven	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Payables forgiven	`DebtConversionConvertedInstrumentAmount1`	$148.01K	USD	3 Qtrs
Notes payable and accrued interest forgiven	`NotesReduction`	-	USD	3 Qtrs
Notes payable and accrued interest forgiven	`NotesReduction`	$39.77K	USD	3 Qtrs
Oil and natural gas properties disposed for treasury stock	`TreasuryStockValueAcquiredParValueMethod`	$-418.00K	USD	3 Qtrs
Oil and natural gas properties disposed for treasury stock	`TreasuryStockValueAcquiredParValueMethod`	-	USD	3 Qtrs

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