10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-002799`
Period End Date	20130630
Filing Date	20130801
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	apnt-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 68 Cash Flow Statement 42

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`	$328.14K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$690.99K	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 authorized	`PreferredStockSharesAuthorized`	2.00M	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
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$471.51K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$81.61K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$881.27K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$217.02K	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
Other assets	`OtherAssets`	$27.77K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	119.70M	shares	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	130.71M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	119.70M	shares	Point-in-time
Total assets	`Assets`	$1.13M	USD	Point-in-time
Total assets	`Assets`	$1.69M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	130.71M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$731.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$813.50K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$755.80K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.90M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$56.68K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$37.70K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$855.26K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$103.37K	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$51.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.90M	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`	$4.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	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, 130,707,780 and 119,699,286 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$130.71K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 130,707,780 and 119,699,286 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$119.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$117.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$115.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.78M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.53M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.69M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$786.54K	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$370.38K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$436.19K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$915.02K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$451.88K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$84.14K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$763.93K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$151.35K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$778.90K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$138.35K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$82.28K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$601.60K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$65.62K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$134.49K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$167.62K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$94.92K	USD	1 Quarter
Other	`OtherOperatingIncome`	$1.50K	USD	1 Quarter
Other	`OtherOperatingIncome`	$55.80K	USD	2 Qtrs
Other	`OtherOperatingIncome`	$30.56K	USD	2 Qtrs
Other	`OtherOperatingIncome`	$8.22K	USD	1 Quarter
Total revenues	`Revenues`	$2.02M	USD	2 Qtrs
Total revenues	`Revenues`	$1.91M	USD	2 Qtrs
Total revenues	`Revenues`	$1.07M	USD	1 Quarter
Total revenues	`Revenues`	$1.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$911.48K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.73M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.78M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.38M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$635.70K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.88M	USD	2 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$3.16M	USD	2 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.58M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.55M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.97M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-480.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$163.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$871.77K	USD	2 Qtrs
Interest expense	`InterestExpense`	$98.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$187.96K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$729.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$54.00	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$49.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$1.57K	USD	2 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-643.92K	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.02M	USD	2 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.55M	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.16M	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.16M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-643.92K	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	126.45M	shares	2 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.10M	shares	2 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.14M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	127.99M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.02M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.16M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-643.92K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-53.67K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-54.55K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-756.11K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-112.92K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$-167.30K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$-54.45K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$132.98K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-102.11K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$611.74K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-597.92K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-399.69K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-579.55K	USD	2 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-52.13K	USD	2 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-200.00K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$1.72M	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`	$297.43K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$50.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$21.77K	USD	2 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$100.26K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfDebt`	$600.00K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfDebt`	$394.25K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$293.99K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$578.23K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.44K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.38M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$328.14K	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`	$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`	$328.14K	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`	$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.