10-Q Filing

NANO MAGIC INC. CIK: 891417 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001019687-11-003309`
Period End Date	20110930
Filing Date	20111101
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	apnt-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 70 Cash Flow Statement 44

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
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	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
Accounts receivable net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$932.20K	USD	Point-in-time
Accounts receivable net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$757.51K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$191.23K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$116.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.61M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.31M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$321.19K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$215.29K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other assets	`OtherAssets`	$25.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	109.97M	shares	Point-in-time
Other assets	`OtherAssets`	$22.23K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.97M	shares	Point-in-time
Total assets	`Assets`	$5.66M	USD	Point-in-time
Total assets	`Assets`	$3.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.92M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$545.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$487.32K	USD	Point-in-time
Convertible notes payable,	`ConvertibleNotesPayableCurrent`	$1.43M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$39.68K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$17.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$566.62K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$339.31K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.75K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$320.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$13.82K	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$59.22K	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleNotesPayable`	$1.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.37M	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, 118,915,698 and 109,967,628 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$109.97K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 118,915,698 and 109,967,628 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$118.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$114.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$110.99M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.39M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$810.08K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.66M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$685.66K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$1.93M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$2.62M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$284.02K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.09M	USD	3 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$197.13K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$786.10K	USD	3 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$242.78K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$1.00M	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$1.87M	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$1.61M	USD	1 Quarter
Other	`OtherOperatingIncome`	$113.58K	USD	3 Qtrs
Other	`OtherOperatingIncome`	$66.44K	USD	1 Quarter
Other	`OtherOperatingIncome`	$114.11K	USD	1 Quarter
Other	`OtherOperatingIncome`	$274.55K	USD	3 Qtrs
Total revenues	`Revenues`	$5.85M	USD	3 Qtrs
Total revenues	`Revenues`	$3.82M	USD	3 Qtrs
Total revenues	`Revenues`	$949.23K	USD	1 Quarter
Total revenues	`Revenues`	$2.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.43M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.29M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$792.07K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$644.76K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.25M	USD	3 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.76M	USD	3 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.89M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.23M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$6.68M	USD	3 Qtrs
Gain on sale of intellectual property and other assets	`GainLossOnDispositionOfIntangibleAssets`	$2.73K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-939.54K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-827.47K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$22.35K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-934.40K	USD	3 Qtrs
Interest expense	`InterestExpense`	$86.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$276.86K	USD	3 Qtrs
Interest expense	`InterestExpense`	$119.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$296.81K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.82K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.30K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.41K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$649.00	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$4.71K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$4.71K	USD	1 Quarter
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.21M	USD	3 Qtrs
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-62.07K	USD	1 Quarter
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.11M	USD	3 Qtrs
Income (loss) from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.05M	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.21M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-62.07K	USD	1 Quarter
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.16M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.94M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	118.85M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.84M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.94M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.16M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.85M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.84M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.21M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-62.07K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-48.39K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-50.08K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-190.09K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-167.40K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-205.89K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-564.91K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-174.69K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-160.44K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-78.11K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-27.75K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-143.21K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$134.57K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$314.25K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.55K	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$352.16K	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$103.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.01M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$853.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.61K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.41K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.41K	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$-16.19K	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$-17.60K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$-50.00K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$-1.73M	USD	3 Qtrs
Proceeds from stock issuance	`ProceedsFromIssuanceOfCommonStock`	$-204.37K	USD	3 Qtrs
Proceeds from stock issuance	`ProceedsFromIssuanceOfCommonStock`	$-2.55M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.87M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.53M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.00M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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

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