10-Q Filing

KONATEL, INC. CIK: 845819 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001549632-12-000016`
Period End Date	20120630
Filing Date	20120731
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	wspd-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 65 Cash Flow Statement 52

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Preferred Stock, liquidation value	`PreferredStockLiquidationPreference`	$1.00	USD	Point-in-time
Preferred Stock, liquidation value	`PreferredStockLiquidationPreference`	$1.00	USD	Point-in-time
Common Stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$625.00	USD	Point-in-time
Payable to Shareholders	`DueToRelatedPartiesCurrent`	$67.61K	USD	Point-in-time
Payable to Shareholders	`DueToRelatedPartiesCurrent`	$77.55K	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
Common Stock, shares issued	`CommonStockSharesIssued`	1.12M	shares	Point-in-time
Accrued Interest - Related Party	`InterestPayableCurrent`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.12M	shares	Point-in-time
Accrued Interest - Related Party	`InterestPayableCurrent`	$5.77K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.12M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$83.31K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$68.24K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.12M	shares	Point-in-time
Total Liabilities	`Liabilities`	$83.31K	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.24K	USD	Point-in-time
Preferred Stock 50,000,000 shares authorized having a par value of $.01, $1.00 liquidation value; zero issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock 50,000,000 shares authorized having a par value of $.01, $1.00 liquidation value; zero issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock 50,000,000 shares authorized having a par value of $.001 per share; 1,115,800 shares issued and outstanding	`CommonStockValue`	$1.12K	USD	Point-in-time
Common Stock 50,000,000 shares authorized having a par value of $.001 per share; 1,115,800 shares issued and outstanding	`CommonStockValue`	$1.12K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.82M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.82M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.87M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.87M	USD	Point-in-time
Accumulated deficit development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$32.20K	USD	Point-in-time
Accumulated deficit development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$17.12K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-83.31K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-68.24K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	51 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.79K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.80K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$83.15K	USD	51 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.35K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$9.31K	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-1.80K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-83.15K	USD	51 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-7.79K	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-2.35K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-9.31K	USD	3 Qtrs
Other Income	`OtherIncome`	-	USD	3 Qtrs
Other Income	`OtherIncome`	-	USD	3 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	$56.72K	USD	51 Qtrs
Interest Expense - Related Party	`InterestExpenseRelatedParty`	$5.77K	USD	3 Qtrs
Interest Expense - Related Party	`InterestExpenseRelatedParty`	$2.13K	USD	1 Quarter
Interest Expense - Related Party	`InterestExpenseRelatedParty`	$5.77K	USD	51 Qtrs
Interest Expense - Related Party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest Expense - Related Party	`InterestExpenseRelatedParty`	-	USD	3 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-2.13K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$50.95K	USD	51 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-5.77K	USD	3 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.93K	USD	1 Quarter
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-15.08K	USD	3 Qtrs
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-7.79K	USD	3 Qtrs
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.35K	USD	1 Quarter
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.20K	USD	51 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	51 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net Loss	`ProfitLoss`	$-32.20K	USD	51 Qtrs
Net Loss	`ProfitLoss`	$-15.08K	USD	3 Qtrs
Net Loss	`ProfitLoss`	$-2.35K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-7.79K	USD	3 Qtrs
Net Loss	`ProfitLoss`	$-3.93K	USD	1 Quarter
Basic Loss per Common Share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic Loss per Common Share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic Loss per Common Share	`EarningsPerShareBasic`	$-0.06	USD	51 Qtrs
Basic Loss per Common Share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic Loss per Common Share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic Weighted Average Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	1 Quarter
Basic Weighted Average Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	526,750.00	shares	51 Qtrs
Basic Weighted Average Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	3 Qtrs
Basic Weighted Average Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	1 Quarter
Basic Weighted Average Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	3 Qtrs
Diluted Loss per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted Loss per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted Loss per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted Loss per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted Loss per Common Share	`EarningsPerShareDiluted`	$-0.06	USD	51 Qtrs
Diluted Weighted Average Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.12M	shares	3 Qtrs
Diluted Weighted Average Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.12M	shares	1 Quarter
Diluted Weighted Average Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.12M	shares	3 Qtrs
Diluted Weighted Average Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	526,750.00	shares	51 Qtrs
Diluted Weighted Average Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.12M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-7.79K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-32.20K	USD	51 Qtrs
Net Loss	`NetIncomeLoss`	$-15.08K	USD	3 Qtrs
Stock Issued for Expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Stock Issued for Expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$600.00	USD	51 Qtrs
Stock Issued for Expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$300.00	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-625.00	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	51 Qtrs
Increase (decrease) in shareholder loans	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$7.50K	USD	3 Qtrs
Increase (decrease) in shareholder loans	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$9.94K	USD	3 Qtrs
Increase (decrease) in shareholder loans	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$77.55K	USD	51 Qtrs
Increase (decrease) in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-56.72K	USD	51 Qtrs
Increase (decrease) in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Increase (decrease) in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Increase in accrued interest - related party	`IncreaseDecreaseInInterestPayableNet`	$5.77K	USD	3 Qtrs
Increase in accrued interest - related party	`IncreaseDecreaseInInterestPayableNet`	$5.77K	USD	51 Qtrs
Increase in accrued interest - related party	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Net Cash (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net Cash (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net Cash (used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.00K	USD	51 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.00K	USD	51 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Principal payments on loans	`PaymentsForLoans`	-	USD	3 Qtrs
Principal payments on loans	`PaymentsForLoans`	-	USD	3 Qtrs
Principal payments on loans	`PaymentsForLoans`	$10.00K	USD	51 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00K	USD	51 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Increase/(Decrease) in Cash	`CashPeriodIncreaseDecrease`	-	USD	3 Qtrs
Net Increase/(Decrease) in Cash	`CashPeriodIncreaseDecrease`	-	USD	51 Qtrs
Net Increase/(Decrease) in Cash	`CashPeriodIncreaseDecrease`	-	USD	3 Qtrs
Beginning Cash Balance	`Cash`	-	USD	Point-in-time
Beginning Cash Balance	`Cash`	-	USD	Point-in-time
Beginning Cash Balance	`Cash`	-	USD	Point-in-time
Beginning Cash Balance	`Cash`	-	USD	Point-in-time
Beginning Cash Balance	`Cash`	-	USD	Point-in-time
Ending Cash Balance	`Cash`	-	USD	Point-in-time
Ending Cash Balance	`Cash`	-	USD	Point-in-time
Ending Cash Balance	`Cash`	-	USD	Point-in-time
Ending Cash Balance	`Cash`	-	USD	Point-in-time
Ending Cash Balance	`Cash`	-	USD	Point-in-time
Cash paid during the year for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the year for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the year for interest	`InterestPaid`	-	USD	51 Qtrs
Cash paid during the year for income taxes	`IncomeTaxesPaid`	-	USD	51 Qtrs
Cash paid during the year for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during the year for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Stock issued in exchange for accrued liability/expense	`StockIssued1`	-	USD	3 Qtrs
Stock issued in exchange for accrued liability/expense	`StockIssued1`	$600.00	USD	51 Qtrs
Stock issued in exchange for accrued liability/expense	`StockIssued1`	-	USD	3 Qtrs

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