10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001515971-21-000046`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	ktel-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 39 Cash Flow Statement 52 Stockholders Equity 13

Balance Sheet 63 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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.27K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	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
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$434.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$487.75K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$17.00K	USD	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.80K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$2.37K	USD	Point-in-time
Other Current Asset	`OtherAssetsCurrent`	$164.00	USD	Point-in-time
Other Current Asset	`OtherAssetsCurrent`	$194.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.17M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.08M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$79.57K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$66.60K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$1.52M	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$1.47M	USD	Point-in-time
Other Assets	`OtherAssets`	$172.06K	USD	Point-in-time
Other Assets	`OtherAssets`	$172.30K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$1.65M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$1.69M	USD	Point-in-time
Total Assets	`Assets`	$2.79M	USD	Point-in-time
Total Assets	`Assets`	$2.94M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$980.26K	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$94.34K	USD	Point-in-time
Note Payable, current portion	`NotesPayableCurrent`	$62.74K	USD	Point-in-time
Right of Use Operating Lease Obligation, current	`OperatingLeaseLiabilityCurrent`	$66.32K	USD	Point-in-time
Right of Use Operating Lease Obligation, current	`OperatingLeaseLiabilityCurrent`	$98.50K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$37.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Right of Use Operating Lease Obligations, long term	`OperatingLeaseLiabilityNoncurrent`	$164.99K	USD	Point-in-time
Right of Use Operating Lease Obligations, long term	`OperatingLeaseLiabilityNoncurrent`	$15.40K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Note Payable, long term	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$314.99K	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`	$1.46M	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`	$7.46M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$7.49M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.97M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.20M	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`	$1.53M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.79M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.39M	USD	1 Quarter
Revenue	`Revenues`	$1.96M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$1.19M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$1.48M	USD	1 Quarter
Gross Profit	`GrossProfit`	$765.18K	USD	1 Quarter
Gross Profit	`GrossProfit`	$911.16K	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$549.20K	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$448.15K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$193.85K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$290.32K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralExpense`	$20.95K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralExpense`	$48.37K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$258.22K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$213.55K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.44K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$11.09K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$944.00	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$18.81K	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$8.67K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$955.17K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.14M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-189.99K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-230.48K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$301.37K	USD	1 Quarter
Interest Expense	`InterestExpense`	$10.55K	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.24K	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-2.24K	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$290.82K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.09M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$213.55K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$258.22K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$1.50K	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$43.00	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.26K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$31.34K	USD	1 Quarter
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$156.42K	USD	1 Quarter
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$85.42K	USD	1 Quarter
Change in Lease Liability	`ChangeInLeaseLiability`	$181.77K	USD	1 Quarter
Change in Lease Liability	`ChangeInLeaseLiability`	$85.26K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.46K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$53.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-786.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$301.00	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-132.00	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-563.00	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-62.58K	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.01K	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.98K	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-37.68K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-30.54K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.67K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$201.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-114.54K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$395.08K	USD	1 Quarter
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$3.17K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.17K	USD	1 Quarter
Repayment of Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-26.09K	USD	1 Quarter
Repayments of amounts due to Related Party and Seller	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-49.04K	USD	1 Quarter
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$24.98K	USD	1 Quarter
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$31.32K	USD	1 Quarter
Dividends Paid to Apeiron shareholders	`PaymentsOfDividends`	$256.01K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-356.12K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.32K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.80K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-145.86K	USD	1 Quarter
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$227.27K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$227.27K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$191.47K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.20K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.97K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$199.25K	USD	1 Quarter
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$129.11K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.53M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.33M	USD	Point-in-time
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.26K	USD	1 Quarter
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.34K	USD	1 Quarter
Dividends Paid to Apeiron Systems shareholders	`Dividends`	$310.13K	USD	1 Quarter
Net Income/(Loss)	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Net Income/(Loss)	`NetIncomeLoss`	$100.83K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.53M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.33M	USD	Point-in-time

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