10-KT Filing

KONATEL, INC. CIK: 845819 FY 2017

Filing Information

Form Type	10-KT
Accession Number	`0001515971-18-000085`
Period End Date	20171231
Filing Date	20180629
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	ktel-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 17

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value in dollars	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.81K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	0.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.19M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$744.08K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$45.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory, Net	`InventoryNet`	$71.05K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.19M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$103.57K	USD	Point-in-time
Capital stock, par value in dollars	`CapitalStockParValueInDollars`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$18.62K	USD	Point-in-time
Capital stock, par value in dollars	`CapitalStockParValueInDollars`	$1.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.25M	USD	Point-in-time
Capital stock, shares authorized	`CapitalStockSharesAuthorized`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$987.71K	USD	Point-in-time
Capital stock, shares authorized	`CapitalStockSharesAuthorized`	300,000.00	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$142.07K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$225.41K	USD	Point-in-time
Capital stock, shares issued	`CapitalStockSharesIssued`	0.00	shares	Point-in-time
Capital stock, shares issued	`CapitalStockSharesIssued`	7,000.00	shares	Point-in-time
Oil and natural gas properties using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$37.48K	USD	Point-in-time
Capital stock, shares outstanding	`CapitalStockSharesOutstanding`	7,000.00	shares	Point-in-time
Oil and natural gas properties using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	-	USD	Point-in-time
Capital stock, shares outstanding	`CapitalStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$184.63K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$516.96K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.34K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$7.27K	USD	Point-in-time
Total assets	`Assets`	$1.36M	USD	Point-in-time
Total assets	`Assets`	$2.00M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Amount Due to Seller	`AccountsPayableCurrent`	$18.00K	USD	Point-in-time
Amount Due to Seller	`AccountsPayableCurrent`	-	USD	Point-in-time
Amount Due to Related Party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amount Due to Related Party	`DueToRelatedPartiesCurrent`	$15.98K	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$223.33K	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$153.14K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$219.17K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$36.84K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$81.14K	USD	Point-in-time
Customer Deposits	`CustomerAdvancesAndDeposits`	$28.85K	USD	Point-in-time
Customer Deposits	`CustomerAdvancesAndDeposits`	$88.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.67M	USD	Point-in-time
Capital stock	`CapitalStock`	$7.00K	USD	Point-in-time
Capital stock	`CapitalStock`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$27.19K	USD	Point-in-time
Common Stock	`CommonStockValue`	-	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$2.70M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.19M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$422.67K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$328.62K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.00M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$11.48M	USD	Annual
Revenue	`Revenues`	$9.74M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$7.07M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$9.28M	USD	Annual
Gross Profit	`GrossProfit`	$2.67M	USD	Annual
Gross Profit	`GrossProfit`	$2.19M	USD	Annual
Payroll and Related	`LaborAndRelatedExpense`	$2.38M	USD	Annual
Payroll and Related	`LaborAndRelatedExpense`	$2.07M	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$206.52K	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$524.66K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$106.69K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	Annual
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$192.43K	USD	Annual
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$154.30K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$392.39K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$421.52K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$82.71K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$110.14K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$56.20K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$55.58K	USD	Annual
Taxes and Insurance	`TaxesAndInsurance`	$58.01K	USD	Annual
Taxes and Insurance	`TaxesAndInsurance`	$54.59K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.15M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.80M	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	$80.87K	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Interest Expense, Net	`InterestExpense`	$24.74K	USD	Annual
Interest Expense, Net	`InterestExpense`	$28.82K	USD	Annual
Total Other Expenses	`NonoperatingIncomeExpense`	$-24.74K	USD	Annual
Total Other Expenses	`NonoperatingIncomeExpense`	$-109.69K	USD	Annual
Net loss	`NetIncomeLoss`	$-502.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.69M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.21M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-502.31K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$392.39K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$421.52K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$106.69K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	$80.87K	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$37.49K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$212.51K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-714.16K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$33.05K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$25.14K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-84.95K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-18.62K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$653.16K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.59K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$18.15K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-44.30K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-59.26K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-14.46K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.61K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.73K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	Annual
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$5.84K	USD	Annual
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$21.73K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.73K	USD	Annual
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-66.03K	USD	Annual
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.78K	USD	Annual
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$199.00K	USD	Annual
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-33.98K	USD	Annual
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-56.69K	USD	Annual
Contributions	`ProceedsFromContributedCapital`	$250.00K	USD	Annual
Contributions	`ProceedsFromContributedCapital`	$885.00K	USD	Annual
Distributions	`PaymentsOfCapitalDistribution`	$28.05K	USD	Annual
Distributions	`PaymentsOfCapitalDistribution`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$983.99K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$160.48K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.69K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.03K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.81K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.81K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$12.47K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$22.43K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Dividends accrued on preferred stock	`DividendsAccruedOnPreferredStock`	$-43.21K	USD	Annual
Forgiveness of dividends on preferred stock	`ForgivenessOfDividendsOnPreferredStock`	$145.50K	USD	Annual
Cancellation of stock	`StockRepurchasedDuringPeriodValue`	$15.84K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$367.50K	USD	Annual
Issuance of common stock with merger	`IssuanceOfCommonStockWithMerger`	$-6.69K	USD	Annual
Retirement of preferred stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.24M	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$12.50K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$422.67K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$328.62K	USD	Point-in-time
Capital Contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$885.00K	USD	Annual
Capital Contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$250.00K	USD	Annual
Acquisition of CS Agency	`AcquisitionOfCsAgency`	$186.31K	USD	Annual
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$28.05K	USD	Annual
Eliminations of capital stock in reverse merger, value	`EliminationsOfCapitalStockInReverseMergerValue`	$13.69K	USD	Annual
Issuance of common stock in reverse merger, value	`StockIssuedDuringPeriodValueAcquisitions`	$1.42K	USD	Annual
Issuance of common stock in reverse merger, shares	`StockIssuedDuringPeriodSharesAcquisitions`	10.00M	shares	Annual
Common stock from reverse merger, value	`StockIssuedDuringPeriodValueOther`	$13.69K	USD	Annual
Vested Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.49K	USD	Annual
Net loss	`NetIncomeLoss`	$-502.31K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Ending Balance	`StockholdersEquity`	$422.67K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$328.62K	USD	Point-in-time

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