10-Q Filing

NANO MAGIC INC. CIK: 891417 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-004089`
Period End Date	20130930
Filing Date	20131105
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	apnt-20130930.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$360.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.97K	USD	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$382.63K	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`	$369.41K	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
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$84.06K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$819.66K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$270.69K	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`	$194.64K	USD	Point-in-time
Other assets	`OtherAssets`	$28.59K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	135.77M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	119.70M	shares	Point-in-time
Other assets	`OtherAssets`	$26.96K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	119.70M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	135.77M	shares	Point-in-time
Total assets	`Assets`	$1.69M	USD	Point-in-time
Total assets	`Assets`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$598.85K	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`	$1.89M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$56.68K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$23.86K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$855.26K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.39M	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`	$3.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	$10.48K	USD	Point-in-time
Obligations under capital lease, long-term	`CapitalLeaseObligationsNoncurrent`	-	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`	$3.96M	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, 135,767,864 and 119,699,286 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$119.70K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 135,767,864 and 119,699,286 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$135.77K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$115.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$117.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.99M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.53M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.04M	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`	$1.48M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$1.22M	USD	3 Qtrs
Government contracts	`ContractsRevenue`	$436.73K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$560.61K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$250.24K	USD	3 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$98.89K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$174.70K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$938.63K	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$109.00K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$488.94K	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$887.90K	USD	3 Qtrs
License fees and royalties	`LicensesRevenue`	$350.58K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$81.73K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$249.35K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$189.03K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$54.54K	USD	1 Quarter
Other	`OtherOperatingIncome`	$7.60K	USD	1 Quarter
Other	`OtherOperatingIncome`	$6.34K	USD	1 Quarter
Other	`OtherOperatingIncome`	$38.16K	USD	3 Qtrs
Other	`OtherOperatingIncome`	$62.15K	USD	3 Qtrs
Total revenues	`Revenues`	$3.19M	USD	3 Qtrs
Total revenues	`Revenues`	$2.61M	USD	3 Qtrs
Total revenues	`Revenues`	$705.50K	USD	1 Quarter
Total revenues	`Revenues`	$1.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$938.87K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$776.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.56M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.60M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.10M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$616.66K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$880.89K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.39M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$4.56M	USD	3 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.82M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$6.70M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-217.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.11M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.09M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$319.53K	USD	3 Qtrs
Interest expense	`InterestExpense`	$183.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$131.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.06M	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$3.78K	USD	3 Qtrs
Interest income	`InterestAndOtherIncome`	$3.72K	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`	$-2.42M	USD	3 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.40M	USD	3 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-397.45K	USD	1 Quarter
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`	$-2.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-397.45K	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	128.57M	shares	3 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.19M	shares	3 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	131.39M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.38M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-397.45K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-83.04K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$-76.06K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-274.81K	USD	3 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-896.98K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$-60.20K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$-215.29K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-13.22K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$403.92K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$610.12K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-545.71K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-812.38K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-491.18K	USD	3 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-200.00K	USD	3 Qtrs
Deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$-52.13K	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$1.04M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingAssets`	$2.07M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.36M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$347.13K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$50.40K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.40K	USD	3 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$114.10K	USD	3 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$36.59K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfDebt`	$735.70K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfDebt`	$482.62K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$368.52K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$699.11K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.39K	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`	$360.42K	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`	$331.58K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$352.97K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$360.42K	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`	$331.58K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$352.97K	USD	Point-in-time

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