10-Q Filing

KONATEL, INC. CIK: 845819 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001515971-17-000080`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	dalp-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 44 Cash Flow Statement 40

Balance Sheet 51 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`	$41.77K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.61K	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
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.61K	USD	Point-in-time
Series A preferred convertible stock, shares outstanding	`TemporaryEquitySharesOutstanding`	2,008.00	shares	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
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$171.00K	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	`OilAndGasPropertyFullCostMethodNet`	$171.00K	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
Total assets	`Assets`	$176.61K	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
Notes payables	`NotesPayableCurrent`	$124.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$66.66K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$103.91K	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`	$141.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$115.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$278.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$369.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$369.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$278.34K	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`	$1.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.03M	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`	$-1.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$176.61K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$178.22K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	2 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	2 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.40K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$51.89K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.75K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$128.82K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$43.40K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$128.82K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$10.75K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$51.89K	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	2 Qtrs
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	2 Qtrs
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$10.43K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.89K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.26K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-5.66K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-4.26K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-10.43K	USD	2 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$44.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-16.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-84.48K	USD	2 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$39.09K	USD	2 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$19.54K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$60.75K	USD	2 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-35.96K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-145.23K	USD	2 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-92.92K	USD	2 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-86.52K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.52M	shares	2 Qtrs
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`	2.93M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.93M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-53.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-84.48K	USD	2 Qtrs
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	2 Qtrs
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	2 Qtrs
Gain (loss) on changes in fair value of derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.58K	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.18K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.79K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.12K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.62K	USD	2 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds received from notes payable	`ProceedsFromNotesPayable`	$90.01K	USD	2 Qtrs
Proceeds received from notes payable to related parties	`ProceedsFromRelatedPartyDebt`	$55.01K	USD	2 Qtrs
Proceeds received from notes payable to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.01K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.01K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.89K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.61K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.77K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.61K	USD	Point-in-time
Cash at beginning 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`	$41.77K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.61K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Dividends on preferred stock accrued	`DividendsPaidinkind`	$39.09K	USD	2 Qtrs
Dividends on preferred stock accrued	`DividendsPaidinkind`	$60.75K	USD	2 Qtrs

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