10-Q Filing

NANO MAGIC INC. CIK: 891417 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-003861`
Period End Date	20120930
Filing Date	20121102
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	apnt-20120930.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`	$4.19M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$360.42K	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
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$839.86K	USD	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$435.95K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$698.88K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.06M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$303.06K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$298.98K	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
Common stock shares issued	`CommonStockSharesIssued`	119.51M	shares	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Other assets	`OtherAssets`	$28.75K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	118.92M	shares	Point-in-time
Total assets	`Assets`	$4.40M	USD	Point-in-time
Total assets	`Assets`	$1.82M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	119.51M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	118.92M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$725.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.33K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$720.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.49M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$57.36K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$40.70K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$670.62K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$379.68K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$200.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.43M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$23.87K	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$48.56K	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible notes payable, long-term	`ConvertibleLongTermNotesPayable`	$1.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.77M	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, 119,505,007 and 118,915,698 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$119.50K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 119,505,007 and 118,915,698 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$118.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$114.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$115.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-112.86M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$1.92M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.94M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$4.40M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.82M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$1.22M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$2.62M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$436.73K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$284.02K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$242.78K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$98.89K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$250.24K	USD	3 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.09M	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$1.87M	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$1.61M	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$109.00K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$887.90K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$89.24K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$23.48K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$54.54K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$189.03K	USD	3 Qtrs
Other	`OtherOperatingIncome`	$6.34K	USD	1 Quarter
Other	`OtherOperatingIncome`	$62.15K	USD	3 Qtrs
Other	`OtherOperatingIncome`	$185.31K	USD	3 Qtrs
Other	`OtherOperatingIncome`	$90.63K	USD	1 Quarter
Total revenues	`Revenues`	$2.61M	USD	3 Qtrs
Total revenues	`Revenues`	$5.85M	USD	3 Qtrs
Total revenues	`Revenues`	$2.25M	USD	1 Quarter
Total revenues	`Revenues`	$705.50K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.67M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$944.12K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.43M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.02M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$792.07K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$875.64K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.25M	USD	3 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.82M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$6.70M	USD	3 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.23M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$6.68M	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-4.09M	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$22.35K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-827.47K	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$296.81K	USD	3 Qtrs
Interest expense	`InterestExpense`	$319.53K	USD	3 Qtrs
Interest expense	`InterestExpense`	$131.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$86.24K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$15.30K	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$1.82K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$1.58K	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$8.00	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-62.07K	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.40M	USD	3 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.11M	USD	3 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.25M	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 loss	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-62.07K	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.38M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	116.16M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.19M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.16M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.19M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.85M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-62.07K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-50.08K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-83.04K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-274.81K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-190.09K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-564.91K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-215.29K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$403.92K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-174.69K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-545.71K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-78.11K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$134.57K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-812.38K	USD	3 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-200.00K	USD	3 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-314.25K	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$1.04M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$103.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.36M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.01M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.40K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.61K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.40K	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$17.60K	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$36.59K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$735.70K	USD	3 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	$2.55M	USD	3 Qtrs
Proceeds from stock issuance, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.53M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$699.11K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.71M	USD	3 Qtrs
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`	$3.07M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$360.42K	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`	$3.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$360.42K	USD	Point-in-time

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