In existing theories emulsion desiabilization is considered as the combined processes of irreversible flocculation and coalescence of dispersed droplets. This approach can be justified when the potential pit characterizing the energy of droplet interaction is sufficiently deep, i.e. excluding small droplet dimensions, strong electrosiatic repulsion and low electrolyte concentrations. For smaller droplet dimensions and stronger electrostatic repulsions the emulsion instability must be considered as a combined process of reversible flocculation and coalescence. In this paper a mathematical model that couples the kinetics of flocculation, coalescence and floe fragmentation is developed in order to quantify the kinetic instability of emulsions with charged submicron droplets. The characteristic limes for flocculation (Smoluchowski's time τc) for coalescence (coalescence time τc) and for disaggregation (doublet lifetimeτd) are considered model parameters. The mathematical model applies to the case when and τd<< τc, which corresponds to a situation with a small multiplet concentration compared to the concentration of doublets and a singlet-doublet quasi-equilibrium. It is established that at singlet-doublet quasi-equilibrium the rate of the decline in the total droplet concentration is described by second order kinetics in distinction to the exponential time dependence valid for coalescence at irreversible flocculation. The double disintegration reduces the entire coalescence rate, expressed as τsm/ τd. This reduction is very large at small values of Td. The mathematical model presented can hased on the spontaneous disintegration of doublets predict changes in emulsion stability for model systems and also for technologically important emulsions.