10-K Filing

NANO MAGIC INC. CIK: 891417 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001019687-12-000725`
Period End Date	20111231
Filing Date	20120301
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	apnt-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 55 Cash Flow Statement 61 Stockholders Equity 27

Balance Sheet 64 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`	$286.97K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$710.11K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	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, trade net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$839.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, trade net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$757.51K	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$153.02K	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 current assets	`AssetsCurrent`	$4.06M	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
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$303.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.92M	shares	Point-in-time
Other assets	`OtherAssets`	$22.23K	USD	Point-in-time
Other assets	`OtherAssets`	$28.75K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	109.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.97M	shares	Point-in-time
Total assets	`Assets`	$4.40M	USD	Point-in-time
Total assets	`Assets`	$3.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$545.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.33K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.49M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$17.32K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$40.70K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$379.68K	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`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.43M	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`	$48.56K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$1.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.48M	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, 160,000,000 shares authorized, $.001 par value, 118,915,698 and 109,967,628 shares issued and outstanding, respectively	`CommonStockValue`	$109.97K	USD	Point-in-time
Common stock, 160,000,000 shares authorized, $.001 par value, 118,915,698 and 109,967,628 shares issued and outstanding, respectively	`CommonStockValue`	$118.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$114.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$110.99M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-112.86M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.29M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.92M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$858.29K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$810.08K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$4.40M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.14M	USD	Annual
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.10M	USD	Annual
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.77M	USD	Annual
Government contracts	`ContractsRevenue`	$2.92M	USD	Annual
Government contracts	`ContractsRevenue`	$2.96M	USD	Annual
Government contracts	`ContractsRevenue`	$1.69M	USD	Annual
License fees and royalties	`LicensesRevenue`	$2.00M	USD	Annual
License fees and royalties	`LicensesRevenue`	$3.75M	USD	Annual
License fees and royalties	`LicensesRevenue`	$500.00K	USD	Annual
Other	`OtherOperatingIncome`	$428.68K	USD	Annual
Other	`OtherOperatingIncome`	$236.40K	USD	Annual
Other	`OtherOperatingIncome`	$91.52K	USD	Annual
Total revenues	`Revenues`	$6.49M	USD	Annual
Total revenues	`Revenues`	$4.05M	USD	Annual
Total revenues	`Revenues`	$8.04M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.66M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.84M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$5.65M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.04M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.54M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.78M	USD	Annual
Total operating costs	`OperatingCostsAndExpenses`	$6.20M	USD	Annual
Total operating costs	`OperatingCostsAndExpenses`	$7.62M	USD	Annual
Total operating costs	`OperatingCostsAndExpenses`	$8.69M	USD	Annual
Gain on sale of assets and other intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$6.00K	USD	Annual
Gain on sale of assets and other intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$1.02M	USD	Annual
Income (Loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.45M	USD	Annual
Income (Loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.14M	USD	Annual
Income (Loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.20M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.88K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.03K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$16.71K	USD	Annual
Interest expense	`InterestExpense`	$10.09K	USD	Annual
Interest expense	`InterestExpense`	$421.70K	USD	Annual
Interest expense	`InterestExpense`	$384.09K	USD	Annual
Other	`OtherNonoperatingIncome`	$4.71K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-414.97K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.21K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-367.38K	USD	Annual
Income (loss) before taxes	`ProfitLoss`	$-2.15M	USD	Annual
Income (loss) before taxes	`ProfitLoss`	$-2.57M	USD	Annual
Income (loss) before taxes	`ProfitLoss`	$1.03M	USD	Annual
Provision for taxes	`IncomeTaxExpenseBenefit`	$618.75K	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLoss`	$-2.57M	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLoss`	$-2.15M	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLoss`	$411.30K	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.85M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.84M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.43M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.07M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.85M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.43M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.57M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.15M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$411.30K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$-75.74K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$-63.36K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$-64.35K	USD	Annual
Stock and options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-353.29K	USD	Annual
Stock and options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-188.48K	USD	Annual
Stock and options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-647.71K	USD	Annual
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-270.99K	USD	Annual
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-241.94K	USD	Annual
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-834.00	USD	Annual
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$412.54K	USD	Annual
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-82.36K	USD	Annual
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-508.34K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.75K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$51.60K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-48.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$101.64K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-513.80K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-23.29K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-309.70K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-274.82K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$155.55K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenue`	$-10.00K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenue`	$120.00K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenue`	$-85.41K	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$1.59M	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$463.09K	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$473.49K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-884.79K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.11M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$560.77K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.64K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.90K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.14K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.90K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.14K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.64K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-204.37K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-2.55M	USD	Annual
Proceeds of long term debt	`ProceedsFromIssuanceOfLongTermDebt`	$-200.00K	USD	Annual
Proceeds of long term debt	`ProceedsFromIssuanceOfLongTermDebt`	$-1.73M	USD	Annual
Repayment of short-term notes payable	`RepaymentsOfNotesPayable`	$-340.00K	USD	Annual
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$-27.25K	USD	Annual
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$-41.47K	USD	Annual
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$-21.93K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-158.53K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.52M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.57M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$339.21K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.14K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.45M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$286.97K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$710.11K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$286.97K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$710.11K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance December 31	`StockholdersEquity`	$1.92M	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$858.29K	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$810.08K	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Conversion rights associated with issuance of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$35.00K	USD	Annual
Conversion rights associated with issuance of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$612.25K	USD	Annual
Issuance of common stock options as compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$160.50K	USD	Annual
Issuance of common stock options as compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$227.12K	USD	Annual
Issuance of common stock options as compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$462.43K	USD	Annual
Issuance of restricted common stock as compensation	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$27.98K	USD	Annual
Issuance of shares upon conversion of Accounts Payable	`IssuanceOfSharesUponConversionOfAccountsPayable`	$90.00K	USD	Annual
Issuance of shares upon conversion of Accounts Payable	`IssuanceOfSharesUponConversionOfAccountsPayable`	$120.00K	USD	Annual
Issuance of common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$2.50M	USD	Annual
Issuance of common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	Annual
Issuance of common stock as the result of the exercise of employee stock options	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$4.37K	USD	Annual
Issuance of common stock as the result of the exercise of employee stock options	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$51.75K	USD	Annual
Employee restricted stock, including committed to be released shares	`StockIssuedDuringPeriodValueShareBasedCompensation`	$185.28K	USD	Annual
Committed to be released shares	`CommittedToBeReleasedShares`	$126.17K	USD	Annual
Conversion of notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$209.70K	USD	Annual
Conversion of notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$357.39K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.57M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.15M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$411.30K	USD	Annual
Balance December 31	`StockholdersEquity`	$1.92M	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$858.29K	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$810.08K	USD	Point-in-time
Balance December 31	`StockholdersEquity`	$-1.07M	USD	Point-in-time

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