10-Q Filing

NANO MAGIC INC. CIK: 891417 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-001564`
Period End Date	20130331
Filing Date	20130501
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	apnt-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 40

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
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.74K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$369.41K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$451.53K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$692.54K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$89.03K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.19M	USD	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`	$1.39M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$270.69K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$243.24K	USD	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	129.06M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	119.70M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	119.70M	shares	Point-in-time
Total assets	`Assets`	$1.46M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	129.06M	shares	Point-in-time
Total assets	`Assets`	$1.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$670.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$813.50K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.85M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$755.80K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$52.67K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$56.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$855.26K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$997.93K	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$103.37K	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.77M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$10.48K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$1.63M	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$3.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.23M	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, 129,057,780 and 119,699,286 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$119.70K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 129,057,780 and 119,699,286 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$129.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$115.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$116.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.36M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.31M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.53M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.46M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.69M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$416.17K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$478.83K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$312.05K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$67.21K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$72.70K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$68.87K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$56.07K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$177.30K	USD	1 Quarter
Other	`OtherOperatingIncome`	$47.59K	USD	1 Quarter
Other	`OtherOperatingIncome`	$29.06K	USD	1 Quarter
Total revenues	`Revenues`	$777.14K	USD	1 Quarter
Total revenues	`Revenues`	$948.71K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.32M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$867.67K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$975.12K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$747.78K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.62M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.52M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-666.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$708.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$89.91K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$5.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$846.00	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.37M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.61M	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	123.14M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.06M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-26.12K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-27.45K	USD	1 Quarter
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-54.27K	USD	1 Quarter
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-637.30K	USD	1 Quarter
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-33.41K	USD	1 Quarter
Stock based compensation expense	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$-96.33K	USD	1 Quarter
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$288.87K	USD	1 Quarter
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-82.12K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$35.20K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$603.51K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-145.20K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-264.13K	USD	1 Quarter
Deposits and deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	-	USD	1 Quarter
Deposits and deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$96.63K	USD	1 Quarter
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$764.93K	USD	1 Quarter
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$1.46M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-86.45K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$842.26K	USD	1 Quarter
Capital expenditures	`CapitalExpenditures`	-	USD	1 Quarter
Capital expenditures	`CapitalExpenditures`	$-47.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$318.00K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Repayment of capital lease obligations and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$9.09K	USD	1 Quarter
Repayment of capital lease obligations and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$85.29K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$232.71K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.09K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$319.16K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-898.85K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$650.74K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	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`	$650.74K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	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.