10-K Filing

KONATEL, INC. CIK: 845819 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001515971-19-000057`
Period End Date	20181231
Filing Date	20190423
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	ktel-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 82 Stockholders Equity 17

Balance Sheet 66 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`	$94.15K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	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
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.19M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$744.08K	USD	Point-in-time
Note Receivable	`NotesAndLoansReceivableNetCurrent`	$66.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Note Receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Inventory, Net	`InventoryNet`	$1.08K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$45.91K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$103.57K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.17M	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`	$132.02K	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
Oil and natural gas properties, at costs, using the full cost method of accounting, unproved	`OilAndGasPropertyFullCostMethodNet`	-	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$184.63K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$2.49M	USD	Point-in-time
Advances for Acquisition Target	`OtherPrepaidExpenseCurrent`	-	USD	Point-in-time
Advances for Acquisition Target	`OtherPrepaidExpenseCurrent`	$561.31K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$57.27K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.34K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$226.44K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$3.11M	USD	Point-in-time
Total assets	`Assets`	$1.36M	USD	Point-in-time
Total assets	`Assets`	$4.41M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$223.33K	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$91.15K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$103.38K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$153.14K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$69.99K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$36.84K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$108.94K	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`	$1.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$10.70K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$40.69K	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`	$7.04M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.19M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.35M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$328.62K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$2.73M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$4.41M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$9.42M	USD	Annual
Revenue	`Revenues`	$11.48M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$9.28M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$7.57M	USD	Annual
Gross Profit	`GrossProfit`	$1.84M	USD	Annual
Gross Profit	`GrossProfit`	$2.19M	USD	Annual
Payroll and Related	`LaborAndRelatedExpense`	$2.34M	USD	Annual
Payroll and Related	`LaborAndRelatedExpense`	$1.48M	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$565.12K	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$1.10M	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	Annual
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$192.43K	USD	Annual
Utilities and Facilities	`OtherGeneralAndAdministrativeExpense`	$189.46K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$166.15K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$423.06K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$154.07K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$82.71K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$46.96K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$55.58K	USD	Annual
Taxes and Insurance	`GeneralInsuranceExpense`	$58.01K	USD	Annual
Taxes and Insurance	`GeneralInsuranceExpense`	$140.38K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.80M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.29M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.60M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.45M	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$1.15K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	-	USD	Annual
Other Income	`OtherNonoperatingIncome`	-	USD	Annual
Other Income	`OtherNonoperatingIncome`	$8.07K	USD	Annual
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain on Sale of Assets	`GainLossOnSaleOfBusiness`	$318.26K	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	$80.87K	USD	Annual
Interest Expense	`InterestExpense`	$28.82K	USD	Annual
Interest Expense	`InterestExpense`	$38.95K	USD	Annual
Total Other Income and (Expenses)	`NonoperatingIncomeExpense`	$-109.69K	USD	Annual
Total Other Income and (Expenses)	`NonoperatingIncomeExpense`	$288.54K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Weighted Average Number of Basic Shares	`WeightedAverageNumberOfSharesOutstandingBasic`	13.69M	shares	Annual
Weighted Average Number of Basic Shares	`WeightedAverageNumberOfSharesOutstandingBasic`	31.89M	shares	Annual

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$166.15K	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$421.52K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$15.21K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$82.81K	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of Goodwill	`GoodwillAndIntangibleAssetImpairment`	$80.87K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$602.16K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$37.49K	USD	Annual
Gain on Sale of Assets	`GainLossOnDispositionOfAssets1`	$-318.26K	USD	Annual
Gain on Sale of Assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$212.51K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-154.45K	USD	Annual
Notes Receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	Annual
Notes Receivable	`IncreaseDecreaseInNotesReceivables`	$33.33K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$25.14K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$44.83K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-340.06K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-84.95K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-330.07K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.59K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$27.39K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-44.30K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-59.26K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$575.00	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-978.12K	USD	Annual
Proceeds from Gain on Sale of Assets	`ProceedsFromSalesOfAssetsInvestingActivities`	-	USD	Annual
Proceeds from Gain on Sale of Assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$266.04K	USD	Annual
Advances for Acquistion Target	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Advances for Acquistion Target	`PaymentsToAcquireBusinessesGross`	$443.63K	USD	Annual
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$5.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.58K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.84K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-66.03K	USD	Annual
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-49.76K	USD	Annual
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$100.00K	USD	Annual
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$199.00K	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`	$-132.18K	USD	Annual
Contributions	`ProceedsFromContributedCapital`	-	USD	Annual
Contributions	`ProceedsFromContributedCapital`	$885.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$983.99K	USD	Annual
Net Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.69K	USD	Annual
Net Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-37.64K	USD	Annual
Cash, Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash, Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash, Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	USD	Point-in-time
Cash, End of year	`CashAndCashEquivalentsAtCarryingValue`	$116.84K	USD	Point-in-time
Cash, End of year	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	USD	Point-in-time
Cash, End of year	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$35.52K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$12.47K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Accounts Payable and Accrued Expenses, net of Cash	`NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1`	$92.59K	USD	Annual
Dividends accrued on preferred stock	`DividendsAccruedOnPreferredStock`	$43.21K	USD	Annual
Dividends accrued on preferred stock	`DividendsAccruedOnPreferredStock`	-	USD	Annual
Forgiveness of dividends on preferred stock	`ForgivenessOfDividendsOnPreferredStock`	$145.50K	USD	Annual
Forgiveness of dividends on preferred stock	`ForgivenessOfDividendsOnPreferredStock`	-	USD	Annual
Cancellation of stock	`StockRepurchasedDuringPeriodValue`	$15.84K	USD	Annual
Cancellation of stock	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Issuance of common stock as compensation	`IssuanceOfCommonStock`	$367.50K	USD	Annual
Issuance of common stock as compensation	`IssuanceOfCommonStock`	-	USD	Annual
Issuance of common stock with merger	`IssuanceOfCommonStockWithMerger`	-	USD	Annual
Issuance of common stock with merger	`IssuanceOfCommonStockWithMerger`	$-6.69K	USD	Annual
Retirement of preferred stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.24M	USD	Annual
Retirement of preferred stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$12.50K	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Amount Due to Related Party	`IncreaseDecreaseInDueToOtherRelatedParties`	$24.33K	USD	Annual
Goodwill	`GoodwillAcquiredDuringPeriod`	$80.87K	USD	Annual
Oil and natural gas properties,at cost, using the full cost method of accounting, unproved	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	$37.48K	USD	Annual
Receivables to be settled as part of acquisition	`ReceivablesToBeSettledAsPartOfAcquisition`	$117.68K	USD	Annual
Settlement of advance through issuance of common stock	`SettlementOfAdvanceThroughIssuanceOfCommonStock`	$100.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$328.62K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.73M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-460.65K	USD	Point-in-time
Capital Contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$885.00K	USD	Annual
Eliminations of capital stock in reverse merger, value	`EliminationsOfCapitalStockInReverseMergerValue`	$13.69K	USD	Annual
Issuance of common stock, value	`StockIssuedDuringPeriodValueNewIssues`	$1.30M	USD	Annual
Issuance of common stock in reverse merger, value	`IssuanceOfCommonStockInReverseMergerValue`	$1.42K	USD	Annual
Issuance of common stock in reverse merger, shares	`IssuanceOfCommonStockInReverseMergerShares`	13.50M	shares	Annual
Common stock from reverse merger, value	`StockIssuedDuringPeriodValueOther`	$13.69K	USD	Annual
Vested Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$602.16K	USD	Annual
Vested Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.49K	USD	Annual
Issuance of common stock in acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$2.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.71M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Ending Balance	`StockholdersEquity`	$328.62K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.73M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-460.65K	USD	Point-in-time

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