10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-002632`
Period End Date	20120630
Filing Date	20120807
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	apnt-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 72 Cash Flow Statement 44

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$690.99K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	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	`AccountsReceivableNet`	$706.88K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$839.86K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$751.10K	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
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$327.47K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	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 issued	`CommonStockSharesIssued`	119.14M	shares	Point-in-time
Other assets	`OtherAssets`	$28.75K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	118.92M	shares	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Total assets	`Assets`	$4.40M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	119.14M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	118.92M	shares	Point-in-time
Total assets	`Assets`	$2.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$746.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.33K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.49M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.59M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$58.38K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$40.70K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$200.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$379.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$477.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.87M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$48.56K	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$37.68K	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleLongTermNotesPayable`	$457.89K	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.37M	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, 119,137,920 and 118,915,698 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$118.92K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 119,137,920 and 118,915,698 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$119.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$114.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$115.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-112.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-116.01M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$1.92M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-864.02K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.51M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$4.40M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$2.33M	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$786.54K	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$1.08M	USD	1 Quarter
Government contracts	`ContractsRevenue`	$370.38K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$843.60K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$151.35K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$84.14K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$294.81K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$778.90K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$262.84K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$601.60K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$261.70K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$134.49K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$20.34K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$65.62K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$5.52K	USD	1 Quarter
Other	`OtherOperatingIncome`	$8.22K	USD	1 Quarter
Other	`OtherOperatingIncome`	$55.80K	USD	2 Qtrs
Other	`OtherOperatingIncome`	$18.96K	USD	1 Quarter
Other	`OtherOperatingIncome`	$140.10K	USD	2 Qtrs
Total revenues	`Revenues`	$1.13M	USD	1 Quarter
Total revenues	`Revenues`	$1.66M	USD	1 Quarter
Total revenues	`Revenues`	$3.60M	USD	2 Qtrs
Total revenues	`Revenues`	$1.91M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.99M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.73M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.46M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$638.14K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.88M	USD	2 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.58M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.03M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.45M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.97M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-367.51K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-849.82K	USD	2 Qtrs
Interest expense	`InterestExpense`	$187.96K	USD	2 Qtrs
Interest expense	`InterestExpense`	$98.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$78.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$210.57K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$12.53K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$13.48K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$1.57K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$729.00	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.16M	USD	2 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-433.12K	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.05M	USD	2 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.55M	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.16M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-433.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.14M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.10M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	114.76M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.76M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.10M	shares	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.16M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-433.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-30.60K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-54.55K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-112.92K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-138.24K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-167.30K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-338.04K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$132.98K	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`	$-597.92K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-579.55K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$195.87K	USD	2 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$186.20K	USD	2 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-200.00K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$6.42K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$249.38K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.91M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.04M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.40K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.40K	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$12.06K	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$21.77K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	$2.55M	USD	2 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$578.23K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.54M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.38M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$690.99K	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`	$3.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$690.99K	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`	$3.07M	USD	Point-in-time

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