10-Q Filing

KONATEL, INC. CIK: 845819 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001515971-17-000118`
Period End Date	20170630
Filing Date	20170811
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	dalp-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 44 Cash Flow Statement 50

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`	$2.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$44.70K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.72K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.70K	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
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
Oil and natural gas properties, at cost, using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$171.00K	USD	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
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
Total assets	`Assets`	$215.70K	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`	$128.06K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$106.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$66.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$115.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$163.97K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$398.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$278.34K	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$50.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$278.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$448.82K	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`	$1.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.05M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$215.70K	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	3 Qtrs
Revenue, net	`Revenues`	-	USD	3 Qtrs
Revenue, net	`Revenues`	-	USD	1 Quarter
Revenue, net	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$57.74K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.82K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$145.64K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$14.34K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$14.34K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$145.64K	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$57.74K	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$16.82K	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	3 Qtrs
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.86K	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.63K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.97K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-6.20K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$39.38K	USD	3 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$-16.63K	USD	3 Qtrs
Total non-operating expenses	`NonoperatingIncomeExpense`	$-4.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-20.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-106.26K	USD	3 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$19.54K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$91.12K	USD	3 Qtrs
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$30.38K	USD	1 Quarter
Dividends on preferred stock	`TemporaryEquityDividendsAdjustment`	$58.63K	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-197.38K	USD	3 Qtrs
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.09K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-52.16K	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-133.00K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	2.93M	shares	1 Quarter
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`	2.93M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-20.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-106.26K	USD	3 Qtrs
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	3 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	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	3 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.94K	USD	3 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.84K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.12K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.67K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.16K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.53K	USD	3 Qtrs
Deposit for stock purchase	`PaymentsForOtherDeposits`	-	USD	3 Qtrs
Deposit for stock purchase	`PaymentsForOtherDeposits`	$-50.00K	USD	3 Qtrs
Proceeds received from notes payable (including related parties)	`ProceedsFromNotesPayable`	$55.01K	USD	3 Qtrs
Proceeds received from notes payable (including related parties)	`ProceedsFromNotesPayable`	$90.01K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.01K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.01K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.85K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.48K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.70K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.72K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.70K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	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
Dividends on preferred stock accrued	`DividendsPaidinkind`	$58.63K	USD	3 Qtrs
Dividends on preferred stock accrued	`DividendsPaidinkind`	-	USD	3 Qtrs
Dividends on preferred stock forgiven	`DebtInstrumentDecreaseForgiveness`	$43.57K	USD	3 Qtrs
Dividends on preferred stock forgiven	`DebtInstrumentDecreaseForgiveness`	-	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.