10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001515971-19-000080 |
| Period End Date | 20190331 |
| Filing Date | 20190521 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | ktel-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 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
|
$219.71K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$362.92K | 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
|
$56.51K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$94.15K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
40.69M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
40.69M | shares | Point-in-time |
| Accounts Receivable, net |
AccountsReceivableNetCurrent
|
$895.33K | USD | Point-in-time |
| Accounts Receivable, net |
AccountsReceivableNetCurrent
|
$1.04M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
40.69M | shares | Point-in-time |
| Note Receivable |
NotesAndLoansReceivableNetCurrent
|
$41.67K | USD | Point-in-time |
| Note Receivable |
NotesAndLoansReceivableNetCurrent
|
$66.67K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
40.69M | shares | Point-in-time |
| Inventory, Net |
InventoryNet
|
$1.08K | USD | Point-in-time |
| Inventory, Net |
InventoryNet
|
$950.00 | USD | Point-in-time |
| Prepaid Expenses |
PrepaidExpenseCurrent
|
$7.35K | USD | Point-in-time |
| Prepaid Expenses |
PrepaidExpenseCurrent
|
$4.84K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.16M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.17M | USD | Point-in-time |
| Property and Equipment, Net |
PropertyPlantAndEquipmentNet
|
$132.02K | USD | Point-in-time |
| Property and Equipment, Net |
PropertyPlantAndEquipmentNet
|
$126.11K | USD | Point-in-time |
| Right to Use Assets, Net |
OperatingLeaseRightOfUseAsset
|
- | USD | Point-in-time |
| Right to Use Assets, Net |
OperatingLeaseRightOfUseAsset
|
$94.89K | USD | Point-in-time |
| Total Fixed Assets |
TotalFixedAssets
|
$132.02K | USD | Point-in-time |
| Total Fixed Assets |
TotalFixedAssets
|
$221.01K | USD | Point-in-time |
| Intangible Assets, Net |
FiniteLivedIntangibleAssetsNet
|
$2.92M | USD | Point-in-time |
| Intangible Assets, Net |
FiniteLivedIntangibleAssetsNet
|
$2.49M | USD | Point-in-time |
| Advances for Acquisition Target |
PrepaidExpenseOtherNoncurrent
|
- | USD | Point-in-time |
| Advances for Acquisition Target |
PrepaidExpenseOtherNoncurrent
|
$561.31K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$258.29K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$57.27K | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$3.18M | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$3.11M | USD | Point-in-time |
| Total assets |
Assets
|
$4.57M | USD | Point-in-time |
| Total assets |
Assets
|
$4.41M | USD | Point-in-time |
| Accounts Payable and Accrued Expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.24M | USD | Point-in-time |
| Accounts Payable and Accrued Expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.27M | USD | Point-in-time |
| Amount Due to Stockholder |
DueToOfficersOrStockholdersCurrent
|
$91.15K | USD | Point-in-time |
| Amount Due to Stockholder |
DueToOfficersOrStockholdersCurrent
|
$263.59K | USD | Point-in-time |
| Revolving Line of Credit |
LinesOfCreditCurrent
|
$81.23K | USD | Point-in-time |
| Revolving Line of Credit |
LinesOfCreditCurrent
|
$103.38K | USD | Point-in-time |
| Lease Liabilities |
OperatingLeaseLiabilityCurrent
|
$72.44K | USD | Point-in-time |
| Lease Liabilities |
OperatingLeaseLiabilityCurrent
|
- | USD | Point-in-time |
| Deferred Revenue |
DeferredRevenueCurrent
|
$69.99K | USD | Point-in-time |
| Deferred Revenue |
DeferredRevenueCurrent
|
$59.83K | USD | Point-in-time |
| Income tax payable |
TaxesPayableCurrent
|
$108.94K | 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
|
$1.86M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.67M | USD | Point-in-time |
| Lease Liabilities |
OperatingLeaseLiabilityNoncurrent
|
$23.07K | USD | Point-in-time |
| Lease Liabilities |
OperatingLeaseLiabilityNoncurrent
|
- | USD | Point-in-time |
| Deferred Tax Liability |
DeferredTaxLiabilitiesNoncurrent
|
$10.70K | USD | Point-in-time |
| Deferred Tax Liability |
DeferredTaxLiabilitiesNoncurrent
|
$10.70K | USD | Point-in-time |
| Total Long Term Liabilities |
LiabilitiesNoncurrent
|
$33.77K | USD | Point-in-time |
| Total Long Term Liabilities |
LiabilitiesNoncurrent
|
$10.70K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.68M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.89M | 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
|
$40.69K | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapital
|
$7.04M | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapital
|
$7.28M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.35M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.65M | USD | Point-in-time |
| Total Stockholders' Equity (Deficit) |
StockholdersEquity
|
$2.73M | USD | Point-in-time |
| Total Stockholders' Equity (Deficit) |
StockholdersEquity
|
$2.67M | USD | Point-in-time |
| Total Stockholders' Equity (Deficit) |
StockholdersEquity
|
$96.30K | USD | Point-in-time |
| Total Stockholders' Equity (Deficit) |
StockholdersEquity
|
$-460.65K | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity (Deficit) |
LiabilitiesAndStockholdersEquity
|
$4.57M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity (Deficit) |
LiabilitiesAndStockholdersEquity
|
$4.41M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$2.39M | USD | 1 Quarter |
| Revenue |
Revenues
|
$2.64M | USD | 1 Quarter |
| Cost of Revenue |
CostOfRevenue
|
$1.50M | USD | 1 Quarter |
| Cost of Revenue |
CostOfRevenue
|
$1.93M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$1.14M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$458.67K | USD | 1 Quarter |
| Payroll and Related |
LaborAndRelatedExpense
|
$376.93K | USD | 1 Quarter |
| Payroll and Related |
LaborAndRelatedExpense
|
$471.31K | USD | 1 Quarter |
| Operating and Maintenance |
OtherCostAndExpenseOperating
|
$557.10K | USD | 1 Quarter |
| Operating and Maintenance |
OtherCostAndExpenseOperating
|
$340.72K | USD | 1 Quarter |
| Bad Debt |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Bad Debt |
ProvisionForDoubtfulAccounts
|
$15.21K | USD | 1 Quarter |
| Utilities and Facilities |
OtherGeneralAndAdministrativeExpense
|
$59.73K | USD | 1 Quarter |
| Utilities and Facilities |
OtherGeneralAndAdministrativeExpense
|
$35.82K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$251.12K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$88.03K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$17.64K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$41.90K | USD | 1 Quarter |
| Marketing and Advertising |
MarketingAndAdvertisingExpense
|
$21.61K | USD | 1 Quarter |
| Marketing and Advertising |
MarketingAndAdvertisingExpense
|
$20.48K | USD | 1 Quarter |
| Taxes and Insurance |
GeneralInsuranceExpense
|
$55.13K | USD | 1 Quarter |
| Taxes and Insurance |
GeneralInsuranceExpense
|
$45.07K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$973.87K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$1.42M | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-515.20K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-287.09K | USD | 1 Quarter |
| Interest Income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Interest Income |
InvestmentIncomeInterest
|
$676.00 | USD | 1 Quarter |
| Other Income |
OtherNonoperatingIncome
|
$4.28K | USD | 1 Quarter |
| Other Income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$11.38K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$17.10K | USD | 1 Quarter |
| Total Other Income and (Expenses) |
NonoperatingIncomeExpense
|
$-10.70K | USD | 1 Quarter |
| Total Other Income and (Expenses) |
NonoperatingIncomeExpense
|
$-12.82K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-528.03K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-297.79K | USD | 1 Quarter |
| Net loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Net loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Weighted Average Number of Basic Shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.63M | shares | 1 Quarter |
| Weighted Average Number of Basic Shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
28.41M | shares | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Loss |
NetIncomeLoss
|
$-528.03K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-297.79K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$251.12K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$88.03K | USD | 1 Quarter |
| Bad Debt |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Bad Debt |
ProvisionForDoubtfulAccounts
|
$15.21K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$134.98K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$141.36K | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$203.71K | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$-119.80K | USD | 1 Quarter |
| Notes Receivable |
IncreaseDecreaseInNotesReceivables
|
- | USD | 1 Quarter |
| Notes Receivable |
IncreaseDecreaseInNotesReceivables
|
$25.00K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$135.00 | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-18.52K | USD | 1 Quarter |
| Prepaid Expenses |
IncreaseDecreaseInPrepaidExpense
|
$14.58K | USD | 1 Quarter |
| Prepaid Expenses |
IncreaseDecreaseInPrepaidExpense
|
$3.46K | USD | 1 Quarter |
| Accounts Payable and Accrued Expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-44.54K | USD | 1 Quarter |
| Accounts Payable and Accrued Expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-204.49K | USD | 1 Quarter |
| Deferred Revenue |
IncreaseDecreaseInDeferredRevenue
|
$-10.15K | USD | 1 Quarter |
| Deferred Revenue |
IncreaseDecreaseInDeferredRevenue
|
$24.37K | USD | 1 Quarter |
| Other Assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-199.57K | USD | 1 Quarter |
| Other Assets |
IncreaseDecreaseInOtherOperatingAssets
|
$71.00 | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-593.59K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$72.72K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-978.12K | USD | Annual |
| Cash Received in Acquisition of IM Telecom |
CashAcquiredFromAcquisition
|
$14.32K | USD | 1 Quarter |
| Cash Received in Acquisition of IM Telecom |
CashAcquiredFromAcquisition
|
- | USD | 1 Quarter |
| Advances for Acquistion Target |
PaymentsToAcquireBusinessesGross
|
$114.31K | USD | 1 Quarter |
| Advances for Acquistion Target |
PaymentsToAcquireBusinessesGross
|
- | USD | 1 Quarter |
| Asset Purchase of IM Telecom |
PaymentsToAcquireProductiveAssets
|
$56.61K | USD | 1 Quarter |
| Asset Purchase of IM Telecom |
PaymentsToAcquireProductiveAssets
|
- | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-42.29K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-114.31K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$950.00K | USD | 1 Quarter |
| Repayment of of Revolving Lines of Credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-22.15K | USD | 1 Quarter |
| Repayment of of Revolving Lines of Credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Principal Payments on Lease Liabilities |
ProceedsFromPaymentsForOtherFinancingActivities
|
- | USD | 1 Quarter |
| Principal Payments on Lease Liabilities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-17.52K | USD | 1 Quarter |
| Advances made by Stockholder |
ProceedsFromRelatedPartyDebt
|
$200.00K | USD | 1 Quarter |
| Advances made by Stockholder |
ProceedsFromRelatedPartyDebt
|
$100.00K | USD | 1 Quarter |
| Repayments of amounts due to Stockholder |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
$-27.56K | USD | 1 Quarter |
| Repayments of amounts due to Stockholder |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
$-73.33K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$132.77K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$976.67K | USD | 1 Quarter |
| Net Change in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$163.20K | USD | 1 Quarter |
| Net Change in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$268.77K | USD | 1 Quarter |
| Cash, Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$219.71K | USD | Point-in-time |
| Cash, Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$362.92K | USD | Point-in-time |
| Cash, Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.51K | USD | Point-in-time |
| Cash, Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$94.15K | USD | Point-in-time |
| Cash, End of period |
CashAndCashEquivalentsAtCarryingValue
|
$219.71K | USD | Point-in-time |
| Cash, End of period |
CashAndCashEquivalentsAtCarryingValue
|
$362.92K | USD | Point-in-time |
| Cash, End of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.51K | USD | Point-in-time |
| Cash, End of period |
CashAndCashEquivalentsAtCarryingValue
|
$94.15K | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$14.30K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$11.67K | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Accounts receivable |
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
|
$63.76K | USD | 1 Quarter |
| Prepaid Expense |
PrepaidExpense
|
$950.00 | USD | 1 Quarter |
| Furniture and Equipment at Fair Market Value |
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
$1.31K | USD | 1 Quarter |
| Other Assets |
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
|
$1.45K | USD | 1 Quarter |
| Accounts Payable and Accrued Expenses, net of cash |
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
$-23.87K | USD | 1 Quarter |
| License |
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
|
$658.45K | USD | 1 Quarter |
| Value of Options |
StockIssuedDuringPeriodValueAcquisitions
|
$98.48K | USD | 1 Quarter |
| Lease Obligations for Right to Use Assets |
LeaseObligationsForRightToUseAssets
|
$113.03K | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$2.73M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$2.67M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$96.30K | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$-460.65K | USD | Point-in-time |
| Value of Options Issued as Part of IM Telecom Acquisitions |
StockIssuedDuringPeriodValueAcquisitions
|
$98.48K | USD | 1 Quarter |
| Issuance of common stock, value |
StockIssuedDuringPeriodValueNewIssues
|
$950.00K | USD | 1 Quarter |
| Stock Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$134.98K | USD | 1 Quarter |
| Stock Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$141.36K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-528.03K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-297.79K | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$2.73M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$2.67M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$96.30K | 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.