10-K Filing

KONATEL, INC. CIK: 845819 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001515971-18-000017`
Period End Date	20170930
Filing Date	20180201
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	dalp-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 24 Cash Flow Statement 47 Stockholders Equity 20

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`	$7.22K	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,008.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Series A preferred convertible stock, shares issued	`TemporaryEquitySharesIssued`	2,025.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	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`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	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
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
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`	$178.22K	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$171.00K	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
Common stock, shares issued	`CommonStockSharesIssued`	13.69M	shares	Point-in-time
Notes payables	`NotesPayableCurrent`	-	USD	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 outstanding	`CommonStockSharesOutstanding`	2.93M	shares	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$15.13K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.69M	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`	$28.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$278.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.55K	USD	Point-in-time
Total liabilities	`Liabilities`	$278.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$43.55K	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`	-	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`	$13.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.23M	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`	$-3.12M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$127.45K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$178.22K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$171.00K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	-	USD	Annual
Revenue, net	`Revenues`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$170.67K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$126.85K	USD	Annual
Total costs and expenses	`OperatingExpenses`	$126.85K	USD	Annual
Total costs and expenses	`OperatingExpenses`	$170.67K	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.91K	USD	Annual
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	$54.24K	USD	Annual
Change in derivative valuation	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	Annual
Interest expense	`InterestExpense`	$19.31K	USD	Annual
Interest expense	`InterestExpense`	$18.84K	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$34.93K	USD	Annual
Total non-operating expenses	`NonoperatingIncomeExpense`	$-13.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-140.78K	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$62.76K	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$69.87K	USD	Annual
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-203.54K	USD	Annual
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-205.61K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.08M	shares	Annual
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.37M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-140.78K	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`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$12.50K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$49.77K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.07K	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.44K	USD	Annual
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-78.36K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.03K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$8.23K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-9.24K	USD	Annual
Accrued interest to related parties	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.77K	USD	Annual
Accrued interest to related parties	`IncreaseDecreaseInOtherAccruedLiabilities`	$-6.64K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.66K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-222.52K	USD	Annual
Proceeds received from notes payable (including related parties)	`ProceedsFromNotesPayable`	$90.01K	USD	Annual
Proceeds received from notes payable (including related parties)	`ProceedsFromNotesPayable`	$70.01K	USD	Annual
Payments on notes payable (including related parties)	`RepaymentsOfNotesPayable`	-	USD	Annual
Payments on notes payable (including related parties)	`RepaymentsOfNotesPayable`	$202.22K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$347.50K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.01K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.29K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.22K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.35K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning 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`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Dividends on preferred stock accrued	`DividendsPaidinkind`	$58.63K	USD	Annual
Retirement of preferred stock	`StockRepurchasedDuringPeriodValue`	$1.24M	USD	Annual
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.84K	USD	Annual
Dividends on preferred stock forgiven	`DebtInstrumentIncreaseDecreaseOtherNet`	$145.50K	USD	Annual
Dividends on preferred stock forgiven	`DebtInstrumentIncreaseDecreaseOtherNet`	$43.57K	USD	Annual
Payables forgiven	`DebtConversionOriginalDebtAmount1`	$15.52K	USD	Annual
Payables forgiven	`DebtConversionOriginalDebtAmount1`	$139.70K	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

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$127.45K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Options vesting	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$49.77K	USD	Annual
Treasury Stock, value	`TreasuryStockValueAcquiredCostMethod`	$437.00K	USD	Annual
Payable forgiven	`AdjustmentsToAdditionalPaidInCapitalOther`	$139.70K	USD	Annual
Note payable forgiven	`NotesReduction`	$46.96K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$62.76K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$69.87K	USD	Annual
Forgiveness of dividends on preferred stock	`DebtInstrumentIncreaseDecreaseOtherNet`	$145.50K	USD	Annual
Forgiveness of dividends on preferred stock	`DebtInstrumentIncreaseDecreaseOtherNet`	$43.57K	USD	Annual
Cancellation of stock, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.84K	USD	Annual
Issuance of common stock, value	`StockIssuedDuringPeriodValueNewIssues`	$347.50K	USD	Annual
Retirement of preferred stock	`StockRepurchasedDuringPeriodValue`	$1.24M	USD	Annual
Issuance of common stock for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$12.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-135.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-140.78K	USD	Annual
Ending Balance	`StockholdersEquity`	$127.45K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time

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