KonaTel, Inc. (KTEL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
500 N. CENTRAL EXPRESSWAY, SUITE 202 PLANO, TX 75074 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,056 | 933 | 715 | 191 | 57 | 7 | |||
| Cash and cash equivalents | 2,056 | 933 | 715 | 191 | 57 | 7 | |||
| Receivables | 1,510 | 1,275 | 435 | 377 | 1,102 | ||||
| Inventory, net of allowances, customer advances and progress billings | 526 | 567 | 18 | 5 | 1 | ||||
| Inventory | 526 | 567 | 18 | 5 | 1 | ||||
| Prepaid expense | 61 | 79 | 2 | 2 | 7 | ||||
| Other current assets | 0 | 0 | 0 | ||||||
| Total current assets: | 4,153 | 2,854 | 1,170 | 575 | 1,167 | 7 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 81 | 79 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 37 | 49 | 80 | 103 | 132 | ||||
| Oil and gas property, successful effort method | 171 | ||||||||
| Oil and gas property, full cost method | 171 | ||||||||
| Intangible assets, net (including goodwill) | 1,188 | 808 | 1,437 | 2,239 | 2,491 | ||||
| Intangible assets, net (excluding goodwill) | 1,188 | 808 | 1,437 | 2,239 | 2,491 | ||||
| Other noncurrent assets | 208 | 57 | |||||||
| Other undisclosed noncurrent assets | 74 | 164 | 172 | 429 | |||||
| Total noncurrent assets: | 1,298 | 1,021 | 1,769 | 2,628 | 3,109 | 171 | 171 | ||
| Other undisclosed assets | 132 | ||||||||
| TOTAL ASSETS: | 5,452 | 3,875 | 2,939 | 3,203 | 4,408 | 171 | 178 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,349 | 930 | 1,043 | 1,223 | 1,265 | 9 | |||
| Interest and dividends payable | ✕ | 9 | |||||||
| Taxes payable | ✕ | 109 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 1,349 | 930 | 1,043 | 1,223 | 1,156 | ||||
| Deferred revenue | 38 | 53 | ✕ | ✕ | ✕ | ||||
| Debt | 3,071 | 94 | 157 | 103 | 184 | ||||
| Due to related parties | 151 | 91 | 15 | 73 | |||||
| Other undisclosed current liabilities | 118 | 51 | 66 | 31 | 208 | 28 | 12 | ||
| Total current liabilities: | 4,538 | 981 | 1,241 | 1,616 | 1,667 | 44 | 278 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 286 | 165 | 64 | ||||||
| Long-term debt, excluding current maturities | 150 | 150 | 51 | ||||||
| Liabilities, other than long-term debt | 458 | 11 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 11 | ||||
| Operating lease, liability | 458 | 136 | 15 | 13 | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | (136) | (15) | |||||||
| Total noncurrent liabilities: | 458 | 286 | 165 | 64 | 11 | ||||
| Total liabilities: | 4,996 | 1,268 | 1,406 | 1,680 | 1,678 | 44 | 278 | ||
| Equity | |||||||||
| Equity, attributable to parent | 455 | 2,607 | 1,533 | 1,524 | 2,730 | 127 | (1,403) | ||
| Common stock | 42 | 42 | 41 | 41 | 41 | 14 | 3 | ||
| Additional paid in capital | 8,711 | 7,911 | 7,461 | 7,380 | 7,042 | 3,233 | 1,572 | ||
| Accumulated deficit | (8,298) | (5,346) | (5,968) | (5,897) | (4,352) | (3,119) | (2,978) | ||
| Other undisclosed equity | 1,303 | ||||||||
| Total equity: | 455 | 2,607 | 1,533 | 1,524 | 2,730 | 127 | (100) | ||
| TOTAL LIABILITIES AND EQUITY: | 5,452 | 3,875 | 2,939 | 3,203 | 4,408 | 171 | 178 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 20,023 | 12,835 | 9,359 | 9,174 | 9,415 | |||
| Cost of revenue | (15,034) | (7,105) | (5,824) | (6,303) | (7,570) | |||
| Gross profit: | 4,990 | 5,729 | 3,535 | 2,870 | 1,845 | |||
| Operating expenses | (7,544) | (5,091) | (3,895) | (4,516) | (3,295) | (127) | (171) | |
| Operating income (loss): | (2,555) | 638 | (360) | (1,645) | (1,450) | (127) | (171) | |
| Nonoperating income (expense) | (398) | (15) | 599 | (38) | 289 | (14) | 35 | |
| Investment income, nonoperating | 2 | 1 | 54 | |||||
| Other nonoperating income | 1 | 626 | 15 | 8 | ||||
| Interest and debt expense | (399) | (15) | (27) | (55) | (39) | 5 | (19) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,351) | 608 | 212 | (1,739) | (1,200) | (136) | (155) | |
| Other undisclosed income from continuing operations before income taxes | 27 | 55 | ||||||
| Income (loss) from continuing operations before income taxes: | (3,351) | 608 | 239 | (1,683) | (1,200) | (136) | (155) | |
| Income tax benefit | 99 | |||||||
| Income (loss) from continuing operations: | (3,351) | 608 | 239 | (1,585) | (1,200) | (136) | (155) | |
| Income (loss) before gain (loss) on sale of properties: | ✕ | 608 | 239 | (1,585) | (1,200) | (136) | (155) | |
| Net income (loss): | (3,351) | 608 | 239 | (1,585) | (1,200) | (136) | (155) | |
| Other undisclosed net income (loss) attributable to parent | 399 | 15 | 39 | (5) | 19 | |||
| Net income (loss) attributable to parent: | (2,952) | 623 | 239 | (1,585) | (1,161) | (141) | (136) | |
| Preferred stock dividends and other adjustments | (63) | (70) | ||||||
| Net income (loss) available to common stockholders, diluted: | (2,952) | 623 | 239 | (1,585) | (1,161) | (204) | (206) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,351) | 608 | 239 | (1,585) | (1,200) | (136) | (155) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (3,351) | 608 | 239 | (1,585) | (1,200) | (136) | (155) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.