10-Q Filing

KONATEL, INC. CIK: 845819 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001515971-18-000163`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ktel-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 84 Cash Flow Statement 72

Balance Sheet 56 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`	$116.84K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.01K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.24K	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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.12M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.94M	shares	Point-in-time
Notes Receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Notes Receivable	`NotesAndLoansReceivableNetCurrent`	$91.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.19M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$6.66K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$45.91K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$103.57K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$987.71K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$142.07K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$108.81K	USD	Point-in-time
Oil and natural gas properties, at costs, using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	$4.01K	USD	Point-in-time
Oil and natural gas properties, at costs, 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`	$33.57K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$337.15K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.34K	USD	Point-in-time
Total assets	`Assets`	$1.77M	USD	Point-in-time
Total assets	`Assets`	$1.36M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.51M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$110.00K	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$223.33K	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`	$73.14K	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`	$1.88M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Common Stock	`CommonStockValue`	$27.19K	USD	Point-in-time
Common Stock	`CommonStockValue`	$32.94K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$2.70M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$4.30M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.45M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-111.82K	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 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$7.59M	USD	3 Qtrs
Revenue	`Revenues`	$2.67M	USD	1 Quarter
Revenue	`Revenues`	$9.35M	USD	3 Qtrs
Revenue	`Revenues`	$2.45M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$2.21M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$7.64M	USD	3 Qtrs
Cost of Revenue	`CostOfRevenue`	$6.48M	USD	3 Qtrs
Cost of Revenue	`CostOfRevenue`	$1.89M	USD	1 Quarter
Gross Profit	`GrossProfit`	$466.51K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.71M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$560.53K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.11M	USD	3 Qtrs
Payroll and Related	`LaborAndRelatedExpense`	$548.50K	USD	1 Quarter
Payroll and Related	`LaborAndRelatedExpense`	$336.66K	USD	1 Quarter
Payroll and Related	`LaborAndRelatedExpense`	$1.12M	USD	3 Qtrs
Payroll and Related	`LaborAndRelatedExpense`	$1.90M	USD	3 Qtrs
Operating and Maintenance	`OtherCostAndExpenseOperating`	$82.10K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$936.21K	USD	3 Qtrs
Operating and Maintenance	`OtherCostAndExpenseOperating`	$332.72K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$291.13K	USD	3 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	3 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	3 Qtrs
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$47.89K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$146.90K	USD	3 Qtrs
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$41.88K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$147.39K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$350.82K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$61.58K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$206.17K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$299.73K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$63.99K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.16K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.56K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$64.48K	USD	3 Qtrs
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$42.75K	USD	3 Qtrs
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$5.00K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$12.22K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$42.28K	USD	3 Qtrs
Taxes and Insurance	`GeneralInsuranceExpense`	$5.45K	USD	1 Quarter
Taxes and Insurance	`GeneralInsuranceExpense`	$45.30K	USD	3 Qtrs
Taxes and Insurance	`GeneralInsuranceExpense`	$21.44K	USD	1 Quarter
Taxes and Insurance	`GeneralInsuranceExpense`	$124.77K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.66M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$825.84K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.02M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.93M	USD	3 Qtrs
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	$318.26K	USD	1 Quarter
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	$318.26K	USD	3 Qtrs
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	-	USD	3 Qtrs
Other Income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$456.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$4.76K	USD	3 Qtrs
Other Income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$22.57K	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$4.62K	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$30.95K	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$7.09K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-4.62K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$292.06K	USD	3 Qtrs
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$311.63K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-22.57K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-1.26M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$46.32K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-554.17K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.24M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.04	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.42M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.69M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.69M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.42M	shares	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.26M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$46.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-554.17K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.24M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$350.82K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$61.58K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$206.17K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$299.73K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	3 Qtrs
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$454.43K	USD	3 Qtrs
Gain on Sale of Business Component	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain on Sale of Business Component	`GainLossOnSaleOfBusiness`	$318.26K	USD	1 Quarter
Gain on Sale of Business Component	`GainLossOnSaleOfBusiness`	$318.26K	USD	3 Qtrs
Gain on Sale of Business Component	`GainLossOnSaleOfBusiness`	-	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$147.74K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-391.44K	USD	3 Qtrs
Notes Receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	3 Qtrs
Notes Receivable	`IncreaseDecreaseInNotesReceivables`	$8.33K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$39.25K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-22.61K	USD	3 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-38.28K	USD	3 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-229.75K	USD	3 Qtrs
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$474.57K	USD	3 Qtrs
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$141.00K	USD	3 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-59.26K	USD	3 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$36.30K	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-49.35K	USD	3 Qtrs
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$506.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-350.52K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.29M	USD	3 Qtrs
Proceeds from Sale of Business Component	`ProceedsFromDivestitureOfBusinesses`	-	USD	3 Qtrs
Proceeds from Sale of Business Component	`ProceedsFromDivestitureOfBusinesses`	$226.04K	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$5.84K	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$226.04K	USD	3 Qtrs
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.84K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from Stockholder	`ProceedsFromContributedCapital`	$460.00K	USD	3 Qtrs
Proceeds from Stockholder	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
(Repayments of) Proceeds From Revolving Lines of Credit, Net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-32.23K	USD	3 Qtrs
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$100.00K	USD	3 Qtrs
Repayments of amounts due to Stockholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayments of amounts due to Stockholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-213.33K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$427.77K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.14K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$71.40K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.01K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$188.24K	USD	Point-in-time
Cash at beginning 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`	$63.01K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$188.24K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$18.67K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$20.36K	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Sale of Business Component, Notes Receivable	`NotesReduction`	$100.00K	USD	3 Qtrs
Sale of Business Component, Notes Receivable	`NotesReduction`	-	USD	3 Qtrs
Sale of Business Component, Accounts Payable and Accrued Expenses, net of Cash	`SaleOfBusinessComponentAccountsPayableAndAccruedExpensesNetOfCash`	-	USD	3 Qtrs
Sale of Business Component, Accounts Payable and Accrued Expenses, net of Cash	`SaleOfBusinessComponentAccountsPayableAndAccruedExpensesNetOfCash`	$3.82K	USD	3 Qtrs

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