10-K Filing

KONATEL, INC. CIK: 845819 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001515971-23-000048`
Period End Date	20221231
Filing Date	20230417
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	ktel2022ye10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 46 Cash Flow Statement 58 Stockholders Equity 14

Balance Sheet 59 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`	$932.78K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.24M	shares	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.51M	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.27M	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`	$526.34K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$61.24K	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`	$164.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.15M	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`	$36.54K	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$1.19M	USD	Point-in-time
Intangible Assets, Net	`FiniteLivedIntangibleAssetsNet`	$807.77K	USD	Point-in-time
Other Assets	`OtherAssets`	$73.88K	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`	$972.07K	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$1.26M	USD	Point-in-time
Total Assets	`Assets`	$3.87M	USD	Point-in-time
Total Assets	`Assets`	$5.45M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.35M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$930.45K	USD	Point-in-time
Loans Payable, net of loan fees	`LoansPayableCurrent`	-	USD	Point-in-time
Loans Payable, net of loan fees	`LoansPayableCurrent`	$3.07M	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`	$118.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$981.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.54M	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`	$458.23K	USD	Point-in-time
Note Payable - long term	`LongTermNotesPayable`	-	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`	$458.23K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.00M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 42,240,406 outstanding and issued at December 31, 2022 and 41,615,406 outstanding and issued at December 31, 2021	`CommonStockValue`	$42.24K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 42,240,406 outstanding and issued at December 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`	$8.71M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.30M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$455.36K	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`	$5.45M	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`	$20.02M	USD	Annual
Revenue	`Revenues`	$12.83M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$7.11M	USD	Annual
Cost of Revenue	`CostOfRevenue`	$15.03M	USD	Annual
Gross Profit	`GrossProfit`	$4.99M	USD	Annual
Gross Profit	`GrossProfit`	$5.73M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$2.70M	USD	Annual
Payroll and Related Expenses	`LaborAndRelatedExpense`	$4.97M	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$8.13K	USD	Annual
Operating and Maintenance	`OtherCostAndExpenseOperating`	$1.89K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$31.32K	USD	Annual
Bad Debt	`ProvisionForDoubtfulAccounts`	$29.13K	USD	Annual
Professional and Other Expenses	`ProfessionalAndContractServicesExpense`	$1.51M	USD	Annual
Professional and Other Expenses	`ProfessionalAndContractServicesExpense`	$697.59K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$206.38K	USD	Annual
Utilities and Facilities	`OtherGeneralExpense`	$146.25K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$833.02K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$12.35K	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$156.39K	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$300.04K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$106.40K	USD	Annual
Marketing and Advertising	`MarketingAndAdvertisingExpense`	$90.64K	USD	Annual
Application Development Costs	`ApplicationDevelopmentCosts`	$266.19K	USD	Annual
Application Development Costs	`ApplicationDevelopmentCosts`	$146.40K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$251.20K	USD	Annual
Taxes and Insurance	`RealEstateTaxesAndInsurance`	$165.26K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.09M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$7.54M	USD	Annual
Operating Income/(Loss)	`OperatingIncomeLoss`	$638.35K	USD	Annual
Operating Income/(Loss)	`OperatingIncomeLoss`	$-2.55M	USD	Annual
Interest Expense	`InterestExpense`	$15.36K	USD	Annual
Interest Expense	`InterestExpense`	$399.03K	USD	Annual
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	$1.36K	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-15.36K	USD	Annual
Total Other Income and Expenses	`NonoperatingIncomeExpense`	$-397.68K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-2.95M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$622.99K	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.07	USD	Annual
Basic	`EarningsPerShareBasic`	$0.02	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.91M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.86M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.86M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.89M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-2.95M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$622.99K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$833.02K	USD	Annual
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$12.35K	USD	Annual
Loan Origination Cost Amortization	`AmortizationOfDeferredLoanOriginationFeesNet`	-	USD	Annual
Loan Origination Cost Amortization	`AmortizationOfDeferredLoanOriginationFeesNet`	$-94.48K	USD	Annual
Bad Debt	`ProvisionForOtherLosses`	$31.32K	USD	Annual
Bad Debt	`ProvisionForOtherLosses`	$29.13K	USD	Annual
Stock-based Compensation	`ShareBasedCompensation`	$341.51K	USD	Annual
Stock-based Compensation	`ShareBasedCompensation`	$692.14K	USD	Annual
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$92.95K	USD	Annual
Change in Right of Use Asset	`ChangeInRightOfUseAsset`	$83.61K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$92.94K	USD	Annual
Change in Lease Liability	`ChangeInLeaseLiability`	$105.39K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$264.56K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$871.20K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-40.50K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$549.05K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-98.64K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$77.10K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$418.48K	USD	Annual
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-112.12K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-37.68K	USD	Annual
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-17.80K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$211.93K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.82M	USD	Annual
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	-	USD	Annual
Purchase of Assets	`PaymentsToAcquireOtherProductiveAssets`	$10.00K	USD	Annual
Sale of Assets	`ProceedsFromSaleOfOtherProductiveAssets`	$10.00K	USD	Annual
Sale of Assets	`ProceedsFromSaleOfOtherProductiveAssets`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$10.00K	USD	Annual
Proceeds from short-term note payable	`ProceedsFromShortTermDebt`	$3.15M	USD	Annual
Proceeds from short-term note payable	`ProceedsFromShortTermDebt`	-	USD	Annual
Loan origination cost	`PaymentsOfLoanCosts`	-	USD	Annual
Loan origination cost	`PaymentsOfLoanCosts`	$173.53K	USD	Annual
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$150.00K	USD	Annual
Repayments of amounts of Notes Payable	`RepaymentsOfNotesPayable`	$94.34K	USD	Annual
Cash received from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$108.25K	USD	Annual
Cash received from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$110.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.66K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.93M	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.59K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.12M	USD	Annual
Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$932.78K	USD	Point-in-time
Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$715.19K	USD	Point-in-time
Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.06M	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$932.78K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$715.19K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.06M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$6.80K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$3.10K	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`	$199.25K	USD	Annual
Right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$472.97K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$455.36K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.61M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.53M	USD	Point-in-time
Exercised Stock Options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$110.00K	USD	Annual
Exercised Stock Options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$108.25K	USD	Annual
Exercised stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	923,120.00	shares	Annual
Exercised stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	625,000.00	shares	Annual
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$692.14K	USD	Annual
Stock Based Compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$341.51K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.95M	USD	Annual
Net Loss	`NetIncomeLoss`	$622.99K	USD	Annual
Ending balance, value	`StockholdersEquity`	$455.36K	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.