10-Q Filing

KONATEL, INC. CIK: 845819 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001515971-18-000121`
Period End Date	20180630
Filing Date	20180817
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ktel-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 72 Cash Flow Statement 60

Balance Sheet 52 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`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$442.67K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.19K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.19M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.94M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$744.08K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$34.94K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.94M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$45.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.19M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$263.32K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$103.57K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$987.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.54M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$142.07K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$127.63K	USD	Point-in-time
Oil and natural gas properties using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$8.03K	USD	Point-in-time
Oil and natural gas properties using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$37.48K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$184.63K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$83.92K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.34K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.27K	USD	Point-in-time
Total assets	`Assets`	$1.36M	USD	Point-in-time
Total assets	`Assets`	$1.77M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.71M	USD	Point-in-time
Amount Due to Shareholder	`DueToOfficersOrStockholdersCurrent`	$223.33K	USD	Point-in-time
Amount Due to Shareholder	`DueToOfficersOrStockholdersCurrent`	$140.00K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$153.14K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$153.14K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$36.84K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$55.10K	USD	Point-in-time
Customer Deposits	`CustomerAdvancesAndDeposits`	$28.85K	USD	Point-in-time
Customer Deposits	`CustomerAdvancesAndDeposits`	$28.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Common Stock	`CommonStockValue`	$32.94K	USD	Point-in-time
Common Stock	`CommonStockValue`	$27.19K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$2.70M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$4.14M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.19M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-320.19K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.77M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$6.67M	USD	2 Qtrs
Revenue	`Revenues`	$3.32M	USD	1 Quarter
Revenue	`Revenues`	$5.14M	USD	2 Qtrs
Revenue	`Revenues`	$2.74M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$4.59M	USD	2 Qtrs
Cost of Revenue	`CostOfRevenue`	$2.65M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$5.43M	USD	2 Qtrs
Cost of Revenue	`CostOfRevenue`	$2.71M	USD	1 Quarter
Gross Profit	`GrossProfit`	$548.71K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$1.25M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$90.05K	USD	1 Quarter
Gross Profit	`GrossProfit`	$616.58K	USD	1 Quarter
Payroll and Related	`LaborAndRelatedExpense`	$652.07K	USD	1 Quarter
Payroll and Related	`LaborAndRelatedExpense`	$813.24K	USD	2 Qtrs
Payroll and Related	`LaborAndRelatedExpense`	$1.35M	USD	2 Qtrs
Payroll and Related	`LaborAndRelatedExpense`	$420.52K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$574.05K	USD	2 Qtrs
Operating and Maintenance	`OtherCostAndExpenseOperating`	$249.13K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$103.94K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$209.04K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.57K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$45.77K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$105.51K	USD	2 Qtrs
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$99.01K	USD	2 Qtrs
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$47.05K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$56.55K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$14.75K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$51.09K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$144.59K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.84K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$37.92K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.29K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.82K	USD	2 Qtrs
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$37.29K	USD	2 Qtrs
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$30.54K	USD	2 Qtrs
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$16.81K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$16.02K	USD	1 Quarter
Taxes and Insurance	`GeneralInsuranceExpense`	$39.85K	USD	2 Qtrs
Taxes and Insurance	`GeneralInsuranceExpense`	$48.20K	USD	1 Quarter
Taxes and Insurance	`GeneralInsuranceExpense`	$103.33K	USD	2 Qtrs
Taxes and Insurance	`GeneralInsuranceExpense`	$15.54K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$870.79K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.91M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$857.27K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.83M	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	$4.28K	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$20.00	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$23.84K	USD	2 Qtrs
Interest Expense, Net	`InterestExpense`	$6.76K	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$17.95K	USD	2 Qtrs
Interest Expense, Net	`InterestExpense`	$5.38K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-5.38K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-19.56K	USD	2 Qtrs
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-17.95K	USD	2 Qtrs
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-6.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-259.59K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-682.79K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-773.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.65M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.69M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.69M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.77M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-259.59K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-682.79K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-773.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$56.55K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$14.75K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$51.09K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$144.59K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	2 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.57K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$292.45K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$147.74K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-369.85K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$10.97K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-22.61K	USD	2 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-38.28K	USD	2 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-159.75K	USD	2 Qtrs
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$474.57K	USD	2 Qtrs
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$336.39K	USD	2 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$18.27K	USD	2 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-59.26K	USD	2 Qtrs
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-49.35K	USD	2 Qtrs
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	2 Qtrs
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$70.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.01M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.09K	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$5.84K	USD	2 Qtrs
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.84K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from Stockholder	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Proceeds from Stockholder	`ProceedsFromContributedCapital`	$460.00K	USD	2 Qtrs
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-32.23K	USD	2 Qtrs
Advances made by Shareholder	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances made by Shareholder	`ProceedsFromRelatedPartyDebt`	$100.00K	USD	2 Qtrs
Repayments of amounts due to Shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayments of amounts due to Shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-183.33K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$427.77K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.07M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.04K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$325.83K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$442.67K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.19K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$442.67K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.19K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$17.24K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$16.54K	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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