10-K Filing

KONATEL, INC. CIK: 845819 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001515971-21-000031`
Period End Date	20201231
Filing Date	20210406
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	ktel-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 65 Stockholders Equity 12

Balance Sheet 62 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
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`	$715.20K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$377.49K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$434.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$17.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$4.66K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$2.37K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.74K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$194.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.17M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$575.36K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$79.57K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$102.69K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$1.52M	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$2.32M	USD	Point-in-time
Other Assets	`OtherAssets`	$172.06K	USD	Point-in-time
Other Assets	`OtherAssets`	$207.74K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$1.69M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$2.53M	USD	Point-in-time
Total Assets	`Assets`	$3.20M	USD	Point-in-time
Total Assets	`Assets`	$2.94M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.22M	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
Revolving Line of Credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$75.91K	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$94.34K	USD	Point-in-time
Right of Use Operating Lease Obligations, current	`OperatingLeaseLiabilityCurrent`	$66.32K	USD	Point-in-time
Right of Use Operating Lease Obligations, current	`OperatingLeaseLiabilityCurrent`	$69.15K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$37.68K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$53.07K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$31.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.24M	USD	Point-in-time
Right of Use Operating Lease Obligations, long term	`OperatingLeaseLiabilityNoncurrent`	$12.94K	USD	Point-in-time
Right of Use Operating Lease Obligations, long term	`OperatingLeaseLiabilityNoncurrent`	$15.40K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$50.60K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$63.55K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$165.40K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.41M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	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`	$7.38M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$7.46M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.97M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.53M	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`	$2.94M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$9.17M	USD	Annual
Revenue	`Revenues`	$9.36M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$6.30M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$5.82M	USD	Annual
Gross Profit	`GrossProfit`	$3.54M	USD	Annual
Gross Profit	`GrossProfit`	$2.87M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$1.85M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$1.97M	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$1.40M	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$803.99K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$36.63K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.31K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$174.25K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$139.17K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$916.90K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$838.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$99.36K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$62.56K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$15.84K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$26.04K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$65.18K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$10.49K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.90M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$4.52M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-360.02K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.65M	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$1.56K	USD	Annual
Other Income	`OtherNonoperatingIncome`	$15.50K	USD	Annual
Other Income	`OtherNonoperatingIncome`	$625.59K	USD	Annual
Interest Expense	`InterestExpense`	$55.27K	USD	Annual
Interest Expense	`InterestExpense`	$26.95K	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-38.21K	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$598.64K	USD	Annual
Net Income (Loss) before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$238.62K	USD	Annual
Net Income (Loss) before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.68M	USD	Annual
Provision for Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-98.50K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-1.58M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$238.62K	USD	Annual
Net Income (Loss) per Share, Basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Net Income (Loss) per Share, Basic	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net Income (Loss) per Share, Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Net Income (Loss) per Share, Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted Average Outstanding Shares, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	Annual
Weighted Average Outstanding Shares, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-1.58M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$238.62K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$838.00K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$916.90K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$36.63K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.31K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$338.33K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$80.60K	USD	Annual
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$78.58K	USD	Annual
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$1.99K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$82.09K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$-367.00	USD	Annual
Grant revenue	`GrantRevenue`	$319.00K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$59.63K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-745.11K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.57K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$13.13K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$622.00	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-8.01K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-182.44K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-145.80K	USD	Annual
Note Payable	`IncreaseDecreaseInNotesPayableCurrent`	$-41.77K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-16.91K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.40K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$2.23K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-31.09K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$150.47K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.67K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$107.30K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$571.55K	USD	Annual
Cash Received in Acquisition of IM Telecom	`CashAcquiredFromAcquisition`	$14.32K	USD	Annual
Note Receivable from Sale of Business Component	`NoteReceivableFromSaleOfBusinessComponent`	$-66.67K	USD	Annual
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$10.83K	USD	Annual
Asset Purchase of IM Telecom	`PaymentsToAcquireProductiveAssets`	$22.38K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$58.60K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.83K	USD	Annual
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-12.24K	USD	Annual
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-91.14K	USD	Annual
Advances made by Stockholder	`ProceedsFromRelatedPartyDebt`	$200.00K	USD	Annual
Proceeds from Federal SBA Covid Loans	`ProceedsFromBankDebt`	$468.90K	USD	Annual
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-151.36K	USD	Annual
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-139.79K	USD	Annual
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$112.17K	USD	Annual
Proceeds from Notes Payable	`ProceedsFromNotesPayable`	$80.00K	USD	Annual
Dividends Paid to Apeiron shareholders	`PaymentsOfDividends`	$310.13K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.94K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.99K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$523.72K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$134.96K	USD	Annual
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$40.66K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$21.59K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Accounts receivable	`NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1`	$123.96K	USD	Annual
Prepaid Expense	`PrepaidExpense`	$2.40K	USD	Annual
Furniture and Equipment at Fair Market Value	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.31K	USD	Annual
Accounts Payable and Accrued Expenses, net of cash	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$24.27K	USD	Annual
Note Payable	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$168.28K	USD	Annual
License	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$634.25K	USD	Annual
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$28.58K	USD	Annual
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$151.47K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.53M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.73M	USD	Point-in-time
Dividend Settled in 2018	`DividendsCommonStockCash`	$40.00K	USD	Annual
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.60K	USD	Annual
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$338.33K	USD	Annual
Dividends Paid to Apeiron Systems shareholders	`PaymentsOfDividends`	$310.13K	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-1.58M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$238.62K	USD	Annual
Ending Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.53M	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.