10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001019687-11-002389`
Period End Date	20110630
Filing Date	20110801
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	apnt-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 72 Cash Flow Statement 46

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$286.97K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts receivable net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$757.51K	USD	Point-in-time
Accounts receivable net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$1.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$159.64K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$116.78K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.61M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$219.09K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$215.29K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets	`OtherAssets`	$22.23K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other assets	`OtherAssets`	$22.23K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.77M	shares	Point-in-time
Total assets	`Assets`	$5.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	109.97M	shares	Point-in-time
Total assets	`Assets`	$3.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.77M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$545.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$518.05K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$9.29K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$17.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$307.28K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$566.62K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$320.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$506.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$9.78K	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$13.82K	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleNotesPayable`	$1.57M	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleNotesPayable`	$1.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.73M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.03M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 2,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 2,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 118,772,841 and 109,967,628 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$109.97K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 118,772,841 and 109,967,628 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$118.77K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$114.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$110.99M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.29M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$810.08K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.07M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$618.67K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$1.08M	USD	1 Quarter
Government contracts	`ContractsRevenue`	$2.33M	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$1.24M	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$209.25K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$843.60K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$588.97K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$294.81K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$262.84K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$1.00M	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$261.70K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$1.00M	USD	2 Qtrs
Other	`OtherOperatingIncome`	$47.14K	USD	2 Qtrs
Other	`OtherOperatingIncome`	$24.48K	USD	1 Quarter
Other	`OtherOperatingIncome`	$38.01K	USD	1 Quarter
Other	`OtherOperatingIncome`	$160.44K	USD	2 Qtrs
Total revenues	`Revenues`	$3.60M	USD	2 Qtrs
Total revenues	`Revenues`	$1.66M	USD	1 Quarter
Total revenues	`Revenues`	$1.87M	USD	1 Quarter
Total revenues	`Revenues`	$2.88M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.99M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.07M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.05M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$827.18K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.46M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$271.68K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$638.14K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.87M	USD	2 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.03M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.34M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.45M	USD	2 Qtrs
Gain on sale of intellectual property and other assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Gain on sale of intellectual property and other assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Gain on sale of intellectual property and other assets	`GainLossOnDispositionOfIntangibleAssets`	$2.73K	USD	2 Qtrs
Gain on sale of intellectual property and other assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-849.82K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$5.14K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-367.51K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$525.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$157.05K	USD	2 Qtrs
Interest expense	`InterestExpense`	$78.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$210.57K	USD	2 Qtrs
Interest expense	`InterestExpense`	$107.66K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.48K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$758.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$496.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.53K	USD	1 Quarter
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.05M	USD	2 Qtrs
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-433.12K	USD	1 Quarter
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$418.79K	USD	1 Quarter
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-151.15K	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-433.12K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$418.79K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-151.15K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.24M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	114.76M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.58M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	118.76M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.24M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.76M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.73M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.76M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-433.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$418.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-151.15K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-30.60K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-32.35K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-138.24K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-93.09K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-48.16K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-338.04K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-120.08K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-447.94K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.85K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-44.73K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$195.87K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-50.65K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-186.20K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-43.64K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$6.42K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$103.08K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.04M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.08K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-6.46K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-34.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.46K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.40K	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$-10.62K	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$-12.06K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$-20.00K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$-1.73M	USD	2 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	$-204.37K	USD	2 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	$-2.55M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.90M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.54M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$286.97K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$286.97K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time

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