10-K Filing

KONATEL, INC. CIK: 845819 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001515971-22-000069`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	ktel2021ye10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 64 Stockholders Equity 13

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`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
Common stock, shares issued	`CommonStockSharesIssued`	40.69M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.69M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$434.80K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.62M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$566.84K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$17.79K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$2.37K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$79.47K	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`	$2.85M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.17M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$48.89K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$79.57K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$1.52M	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$807.77K	USD	Point-in-time
Other Assets	`OtherAssets`	$172.06K	USD	Point-in-time
Other Assets	`OtherAssets`	$154.30K	USD	Point-in-time
Investments	`InvestmentsAndOtherNoncurrentAssets`	-	USD	Point-in-time
Investments	`InvestmentsAndOtherNoncurrentAssets`	$10.00K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$1.69M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$972.07K	USD	Point-in-time
Total Assets	`Assets`	$3.87M	USD	Point-in-time
Total Assets	`Assets`	$2.94M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$930.45K	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`	-	USD	Point-in-time
Right of Use Operating Lease Obligation - current	`OperatingLeaseLiabilityCurrent`	$50.67K	USD	Point-in-time
Right of Use Operating Lease Obligation - current	`OperatingLeaseLiabilityCurrent`	$66.32K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$37.68K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$981.12K	USD	Point-in-time
Right of Use Operating Lease Obligation - long term	`OperatingLeaseLiabilityNoncurrent`	$15.40K	USD	Point-in-time
Right of Use Operating Lease Obligation - long term	`OperatingLeaseLiabilityNoncurrent`	$136.44K	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`	$165.40K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$286.44K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.41M	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 41,615,406 outstanding and issued at December 31, 2021 and 40,692,286 outstanding and issued at December 31, 2020	`CommonStockValue`	$40.69K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 41,615,406 outstanding and issued at December 31, 2021 and 40,692,286 outstanding and issued at December 31, 2020	`CommonStockValue`	$41.62K	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$7.91M	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$7.46M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.97M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.61M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.53M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.87M	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`	$9.36M	USD	Annual
Revenue	`Revenues`	$12.83M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$5.82M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$7.11M	USD	Annual
Gross Profit	`GrossProfit`	$5.73M	USD	Annual
Gross Profit	`GrossProfit`	$3.54M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$2.70M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$2.12M	USD	Annual
Professional and Other Expenses	`ProfessionalAndContractServicesExpense`	$553.94K	USD	Annual
Professional and Other Expenses	`ProfessionalAndContractServicesExpense`	$965.67K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$31.32K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.31K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$129.40K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$146.25K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$848.87K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$833.02K	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$117.57K	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$157.34K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$89.68K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$15.84K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$165.26K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$109.83K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.90M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.09M	USD	Annual
Operating Income/(Loss)	`OperatingIncomeLoss`	$-360.02K	USD	Annual
Operating Income/(Loss)	`OperatingIncomeLoss`	$638.35K	USD	Annual
Other Income	`OtherNonoperatingIncome`	-	USD	Annual
Other Income	`OtherNonoperatingIncome`	$625.59K	USD	Annual
Interest Expense	`InterestExpense`	$26.95K	USD	Annual
Interest Expense	`InterestExpense`	$15.36K	USD	Annual
Other Expenses	`OtherNonoperatingExpense`	-	USD	Annual
Other Expenses	`OtherNonoperatingExpense`	-	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$598.64K	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-15.36K	USD	Annual
Net Income	`NetIncomeLoss`	$238.62K	USD	Annual
Net Income	`NetIncomeLoss`	$622.99K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.02	USD	Annual
Basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.91M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.89M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.09M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$238.62K	USD	Annual
Net Income	`NetIncomeLoss`	$622.99K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$838.00K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$833.02K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$31.32K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$2.31K	USD	Annual
Stock-based Compensation	`ShareBasedCompensation`	$80.60K	USD	Annual
Stock-based Compensation	`ShareBasedCompensation`	$341.51K	USD	Annual
Change In Right of Use Assets	`ChangeInRightOfUseAsset`	$1.99K	USD	Annual
Change In Right of Use Assets	`ChangeInRightOfUseAsset`	$92.95K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$105.39K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$-368.00	USD	Annual
Amount recorded as loan forgiveness of SBA Covid-19 Loans	`DebtInstrumentIncreaseDecreaseOtherNet`	$319.00K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$871.20K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$59.63K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$549.05K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$13.13K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$621.00	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$77.10K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-182.44K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-112.12K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.40K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-37.68K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-31.09K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.67K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-17.80K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$211.93K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$571.55K	USD	Annual
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$10.00K	USD	Annual
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$10.83K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.83K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.00K	USD	Annual
Repayment on Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment on Revolving Lines of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-12.24K	USD	Annual
Cash received from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Cash received from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$110.00K	USD	Annual
Proceeds from Federal SBA Covid-19 Loans	`ProceedsFromBankDebt`	$468.90K	USD	Annual
Proceeds from Federal SBA Covid-19 Loans	`ProceedsFromBankDebt`	$186.30K	USD	Point-in-time
Proceeds from Federal SBA Covid-19 Loans	`ProceedsFromBankDebt`	-	USD	Annual
Repayments of amounts due to Related Party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayments of amounts due to Related Party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-151.36K	USD	Annual
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$112.17K	USD	Annual
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$94.34K	USD	Annual
Proceeds from Notes Payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from Notes Payable	`ProceedsFromNotesPayable`	$80.00K	USD	Annual
Dividends Paid to Apeiron shareholders	`PaymentsOfDividends`	$310.13K	USD	Annual
Dividends Paid to Apeiron shareholders	`PaymentsOfDividends`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.99K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.66K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$523.72K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.59K	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 - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	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 - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$6.80K	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
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`	$199.25K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.61M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.53M	USD	Point-in-time
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.60K	USD	Annual
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$341.51K	USD	Annual
Dividends Paid to Apeiron Systems shareholders	`Dividends`	$310.13K	USD	Annual
Net Income	`NetIncomeLoss`	$238.62K	USD	Annual
Net Income	`NetIncomeLoss`	$622.99K	USD	Annual
Exercised Stock Options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$110.00K	USD	Annual
Exercised stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	923,120.00	shares	Annual
Ending balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.61M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.53M	USD	Point-in-time

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