10-Q Filing

KONATEL, INC. CIK: 845819 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001515971-22-000094`
Period End Date	20220331
Filing Date	20220523
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	ktel2022qtr110q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 46 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 60 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`	$1.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.62M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.62M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$982.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.62M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Inventory, Net	`InventoryNet`	$634.65K	USD	Point-in-time
Inventory, Net	`InventoryNet`	$566.84K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$79.47K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$33.14K	USD	Point-in-time
Other Current Asset	`OtherAssetsCurrent`	$163.00	USD	Point-in-time
Other Current Asset	`OtherAssetsCurrent`	$164.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.85M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$48.89K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$44.77K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$785.17K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$807.77K	USD	Point-in-time
Other Assets	`OtherAssets`	$154.30K	USD	Point-in-time
Other Assets	`OtherAssets`	$154.30K	USD	Point-in-time
Investments	`InvestmentsAndOtherNoncurrentAssets`	$10.00K	USD	Point-in-time
Investments	`InvestmentsAndOtherNoncurrentAssets`	$10.00K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$972.07K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$949.47K	USD	Point-in-time
Total Assets	`Assets`	$3.87M	USD	Point-in-time
Total Assets	`Assets`	$4.10M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$930.45K	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.07M	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`	$37.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$981.12K	USD	Point-in-time
Right of Use Operating Lease Obligation - long term	`OperatingLeaseLiabilityNoncurrent`	$136.44K	USD	Point-in-time
Right of Use Operating Lease Obligation - long term	`OperatingLeaseLiabilityNoncurrent`	$126.97K	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`	$286.44K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$276.97K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 41,615,406 outstanding and issued at March 31, 2022 and 41,615,406 outstanding and issued at December 31, 2021	`CommonStockValue`	$41.62K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 41,615,406 outstanding and issued at March 31, 2022 and 41,615,406 outstanding and issued at December 31, 2021	`CommonStockValue`	$41.62K	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$7.91M	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$8.06M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.39M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.53M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.61M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.33M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.71M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.10M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.87M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$4.23M	USD	1 Quarter
Revenue	`Revenues`	$2.39M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$2.58M	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$1.48M	USD	1 Quarter
Gross Profit	`GrossProfit`	$911.16K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.65M	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$1.13M	USD	1 Quarter
Payroll and Related Expenses	`LaborAndRelatedExpense`	$549.20K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$290.32K	USD	1 Quarter
Operating and Maintenance	`OtherCostAndExpenseOperating`	$642.00	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt	`ProvisionForDoubtfulAccounts`	$55.00	USD	1 Quarter
Professional Services	`ProfessionalAndContractServicesExpense`	$149.17K	USD	1 Quarter
Professional Services	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Utilities and Facilities	`OtherGeneralExpense`	$48.37K	USD	1 Quarter
Utilities and Facilities	`OtherGeneralExpense`	$35.69K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$213.55K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$4.12K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$20.44K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$60.92K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$11.09K	USD	1 Quarter
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$47.67K	USD	1 Quarter
Application Development Costs	`ApplicationDevelopmentCosts`	$134.60K	USD	1 Quarter
Application Development Costs	`ApplicationDevelopmentCosts`	-	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$31.38K	USD	1 Quarter
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$8.67K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.60M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.14M	USD	1 Quarter
Operating Income/(Loss)	`OperatingIncomeLoss`	$50.70K	USD	1 Quarter
Operating Income/(Loss)	`OperatingIncomeLoss`	$-230.48K	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.24K	USD	1 Quarter
Interest Expense	`InterestExpense`	$24.03K	USD	1 Quarter
Other Expenses	`OtherNonoperatingExpense`	$71.12K	USD	1 Quarter
Other Expenses	`OtherNonoperatingExpense`	-	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-2.24K	USD	1 Quarter
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-95.15K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-44.45K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.62M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.62M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.69M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$-44.45K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$213.55K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.12K	USD	1 Quarter
Bad Debt	`ProvisionForOtherLosses`	$55.00	USD	1 Quarter
Bad Debt	`ProvisionForOtherLosses`	$43.00	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	$151.76K	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	$31.34K	USD	1 Quarter
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$-22.60K	USD	1 Quarter
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$156.42K	USD	1 Quarter
Change in Lease Liability	`ChangeInLeaseLiability`	$181.77K	USD	1 Quarter
Change in Lease Liability	`ChangeInLeaseLiability`	$-22.98K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-292.52K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$53.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-786.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$67.81K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-46.33K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-563.00	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$137.94K	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-62.58K	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-37.68K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$201.00	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$520.08K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-114.54K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$31.32K	USD	1 Quarter
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.32K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-145.86K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$520.08K	USD	1 Quarter
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$932.78K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$569.34K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$715.20K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$5.12K	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`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.53M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.61M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.33M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.71M	USD	Point-in-time
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.34K	USD	1 Quarter
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$151.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-44.45K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-232.72K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.53M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.61M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.33M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.71M	USD	Point-in-time

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