10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001515971-20-000070`
Period End Date	20200331
Filing Date	20200605
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ktel-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 42 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 69 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`	$191.47K	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`	$227.27K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$339.52K	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`	$377.49K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$4.66K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$4.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.74K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.61K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$575.36K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$573.36K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$98.64K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$102.69K	USD	Point-in-time
Right of Use Assets, Net	`OperatingLeaseRightOfUseAsset`	$142.15K	USD	Point-in-time
Right of Use Assets, Net	`OperatingLeaseRightOfUseAsset`	$78.58K	USD	Point-in-time
Total Fixed Assets	`TotalFixedAssets`	$181.27K	USD	Point-in-time
Total Fixed Assets	`TotalFixedAssets`	$240.79K	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$2.04M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$2.24M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$207.74K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$172.06K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$2.21M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$2.45M	USD	Point-in-time
Total Assets	`Assets`	$3.20M	USD	Point-in-time
Total Assets	`Assets`	$3.02M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.28M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$102.31K	USD	Point-in-time
Amount Due to Stockholder	`DueToOfficersOrStockholdersCurrent`	$151.36K	USD	Point-in-time
Revolving Line of Credit	`LinesOfCreditCurrent`	$12.24K	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$75.91K	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$81.91K	USD	Point-in-time
Lease Liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$108.64K	USD	Point-in-time
Lease Liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$69.15K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$53.07K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$38.09K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$31.09K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$544.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Lease Liabilities, long term	`OperatingLeaseLiabilityNoncurrent`	$73.42K	USD	Point-in-time
Lease Liabilities, long term	`OperatingLeaseLiabilityNoncurrent`	$12.94K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$19.63K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$50.60K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$93.05K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$63.55K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.70M	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`	$7.39M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$7.38M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.90M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.11M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.67M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.32M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.02M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.64M	USD	1 Quarter
Revenue	`Revenues`	$1.96M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$1.19M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$1.50M	USD	1 Quarter
Gross Profit	`GrossProfit`	$765.18K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.14M	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$448.15K	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$471.31K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$557.10K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$193.85K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$1.50K	USD	1 Quarter
Utilities and Facilities	`UtilitiesAndFacilities`	$8.87K	USD	1 Quarter
Utilities and Facilities	`UtilitiesAndFacilities`	$35.82K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$270.30K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$251.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$41.90K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.74K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$21.61K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$944.00	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$45.07K	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$18.81K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$955.17K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.42M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-287.09K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-189.99K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$676.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$1.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$301.37K	USD	1 Quarter
Interest Expense	`InterestExpense`	$10.55K	USD	1 Quarter
Interest Expense	`InterestExpense`	$11.38K	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$290.82K	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-10.70K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-297.79K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Net Income (Loss) per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net Income (Loss) per Share, Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Weighted Average Outstanding Shares, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	1 Quarter
Weighted Average Outstanding Shares, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	1 Quarter
Diluted Net Income (Loss) per Share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Net Income (Loss) per Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Outstanding Shares, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.09M	shares	1 Quarter
Weighted Average Outstanding Shares, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.07M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-297.79K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$270.30K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$251.12K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$1.50K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$141.36K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.26K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-203.71K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.46K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-135.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$301.00	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-132.00	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`	$-2.01K	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-10.15K	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.98K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-30.54K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-35.67K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$199.57K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.72K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$407.32K	USD	1 Quarter
Cash Received in Acquisition of IM Telecom	`CashAcquiredFromAcquisition`	$14.32K	USD	1 Quarter
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$3.17K	USD	1 Quarter
Asset Purchase of IM Telecom	`PaymentsToAcquireProductiveAssets`	$56.61K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.29K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.17K	USD	1 Quarter
Payments received on Notes Receivable	`ProceedsFromPaymentsForOtherFinancingActivities`	$25.00K	USD	1 Quarter
Payments on Operating Lease Liabilities	`PaymentsOnOperatingLeaseLiabilities`	$26.09K	USD	1 Quarter
Payments on Operating Lease Liabilities	`PaymentsOnOperatingLeaseLiabilities`	$17.52K	USD	1 Quarter
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-12.24K	USD	1 Quarter
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-22.15K	USD	1 Quarter
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$24.98K	USD	1 Quarter
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$200.00K	USD	1 Quarter
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-27.56K	USD	1 Quarter
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-49.04K	USD	1 Quarter
Dividends Paid to Apeiron shareholders	`PaymentsOfDividends`	$256.01K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$157.77K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-368.36K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$163.20K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.80K	USD	1 Quarter
Cash, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$219.71K	USD	Point-in-time
Cash, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.27K	USD	Point-in-time
Cash, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	USD	Point-in-time
Cash, End of period	`CashAndCashEquivalentsAtCarryingValue`	$219.71K	USD	Point-in-time
Cash, End of period	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash, End of period	`CashAndCashEquivalentsAtCarryingValue`	$227.27K	USD	Point-in-time
Cash, End of period	`CashAndCashEquivalentsAtCarryingValue`	$56.51K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$14.30K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$7.20K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Value of Options	`StockIssuedDuringPeriodValueAcquisitions`	$98.48K	USD	1 Quarter
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$113.03K	USD	1 Quarter
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$129.11K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.67M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.73M	USD	Point-in-time
Value of Options Issued as Part of IM Telecom Acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$98.48K	USD	1 Quarter
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$141.36K	USD	1 Quarter
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.26K	USD	1 Quarter
Dividends Paid to Apeiron Systems shareholders	`DividendsCash`	$310.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.67M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.73M	USD	Point-in-time

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