10-K Filing

KONATEL, INC. CIK: 845819 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001515971-17-000008`
Period End Date	20160930
Filing Date	20170113
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	dalp-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 27 Cash Flow Statement 65 Stockholders Equity 29

Balance Sheet 59 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
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	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
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.07K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.44K	USD	Point-in-time
Series A preferred convertible stock, dividend rate	`SeriesPreferredConvertibleStockDividendRate`	0.06	pure	Point-in-time
Total current assets	`AssetsCurrent`	$7.22K	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.39K	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
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`	$171.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.22K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.52M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$646.39K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	$96.56K	USD	Point-in-time
Notes payables	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$66.66K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$100.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$115.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$228.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$329.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$278.34K	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`	$278.34K	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`	$2.93K	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`	$-2.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$178.22K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$646.39K	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	Annual
Revenue, net	`Revenues`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$681.10K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$170.67K	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$1.95M	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	Annual
Total costs and expenses	`OperatingExpenses`	$2.64M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$170.67K	USD	Annual
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	Annual
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$2.76M	USD	Annual
Registration rights expense	`OtherNonoperatingExpense`	$133.66K	USD	Annual
Registration rights expense	`OtherNonoperatingExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$986.00	USD	Annual
Interest expense	`InterestExpense`	$19.31K	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$2.62M	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$34.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$69.87K	USD	Annual
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$78.00K	USD	Annual
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-90.68K	USD	Annual
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-205.61K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.37M	shares	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$1.95M	USD	Annual
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	-	USD	Annual
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	Annual
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$2.76M	USD	Annual
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	Annual
Amortization of prepaid assets	`AdjustmentForAmortization`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$133.04K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$711.00	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-338.00	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.44K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$79.24K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.03K	USD	Annual
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Registration rights liability	`IncreaseDecreaseInAccruedLiabilities`	$-18.23K	USD	Annual
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Due to related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-11.29K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$8.23K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$985.00	USD	Annual
Accrued interest to related parties	`AccruedInterestToRelatedParties`	$6.77K	USD	Annual
Accrued interest to related parties	`AccruedInterestToRelatedParties`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.66K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-631.61K	USD	Annual
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	-	USD	Annual
Proceeds from sale of acreage	`ProceedsFromSaleOfLandHeldForUse`	$4.00K	USD	Annual
Cash paid for oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$591.04K	USD	Annual
Cash paid for oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-587.04K	USD	Annual
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$100.00K	USD	Annual
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$30.12K	USD	Annual
Proceeds received from notes payable to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds received from notes payable to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$59.89K	USD	Annual
Payment of dividends on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$60.49K	USD	Annual
Payment of dividends on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.01K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$39.51K	USD	Annual
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18M	USD	Annual
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.35K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash at beginning 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`	$7.22K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	$18.76K	USD	Annual
Fair value of common shares issued upon conversion of preferred stock	`StockIssued1`	-	USD	Annual
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	Annual
Increase in unproved oil and gas properties through accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$76.72K	USD	Annual
Dividends on preferred stock forgiven	`DividendsPaidinkind`	-	USD	Annual
Dividends on preferred stock forgiven	`DividendsPaidinkind`	$43.57K	USD	Annual
Payables forgiven	`DebtConversionConvertedInstrumentAmount1`	$139.70K	USD	Annual
Payables forgiven	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Notes payable and accrued interest forgiven	`NotesReduction`	-	USD	Annual
Notes payable and accrued interest forgiven	`NotesReduction`	$46.96K	USD	Annual
Oil and natural gas properties disposed for treasury stock	`TreasuryStockValueAcquiredParValueMethod`	$-437.00K	USD	Annual
Oil and natural gas properties disposed for treasury stock	`TreasuryStockValueAcquiredParValueMethod`	-	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Beginning Balance - shares	`SharesOutstanding`	0.00	shares	Point-in-time
Options vesting	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$49.77K	USD	Annual
Treasury Stock, value	`TreasuryStockValueAcquiredCostMethod`	$437.00K	USD	Annual
Dividends forgiven	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-43.57K	USD	Annual
Payable forgiven	`DebtInstrumentDecreaseForgiveness`	$-139.70K	USD	Annual
Note payable forgiven	`AdjustmentsToAdditionalPaidInCapitalOther`	$46.96K	USD	Annual
Convertible preferred stock exercised, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$11.03K	USD	Annual
Contributed assets in exchange for common stock, value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$1.90M	USD	3 Qtrs
Recapitalization from Reverse Merger, value	`StockIssuedDuringPeriodValueNewIssues`	$-151.52K	USD	3 Qtrs
Derivatives related to preferred stock and warrants	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-106.76K	USD	3 Qtrs
Derivatives related to preferred stock and warrants	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$7.72K	USD	Annual
Offering costs related to issuance of preferred stock	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$35.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$133.04K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$44.35K	USD	3 Qtrs
Dividends on preferred stock	`DividendsPreferredStock`	$69.87K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$78.00K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$39.49K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.68K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Ending Balance	`StockholdersEquity`	-	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Ending Balance - shares	`SharesOutstanding`	0.00	shares	Point-in-time

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