10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001515971-17-000020`
Period End Date	20161231
Filing Date	20170210
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dalp-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 22 Cash Flow Statement 36

Balance Sheet 53 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 issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	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
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.11K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.22K	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`	2,008.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.05K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	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
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`	$171.00K	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 ASSETS	`Assets`	$188.05K	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.22K	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	$96.56K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	$99.20K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$66.66K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$91.28K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$115.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$154.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$278.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$345.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$345.13K	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`	$2.93K	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`	$1.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.98M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.46M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$188.05K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$178.22K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$32.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$76.94K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$76.94K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$32.65K	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.63K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.76K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-4.76K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$48.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.33K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$19.54K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-58.70K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-56.96K	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`	2.93M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.33K	USD	1 Quarter
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$33.26K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.79K	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.74K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.07K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.68K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.38K	USD	1 Quarter
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$25.62K	USD	1 Quarter
Proceeds received from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds received from notes payable to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$22.50K	USD	1 Quarter
Proceeds received from notes payable to related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.62K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.23K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.82K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.11K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.11K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	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
Dividends on preferred stock accrued	`DividendsPaidinkind`	$30.38K	USD	1 Quarter
Dividends on preferred stock accrued	`DividendsPaidinkind`	$19.54K	USD	1 Quarter

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