10-Q Filing

NANO MAGIC INC. CIK: 891417 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-001693`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	apnt-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 44

Balance Sheet 60 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`	$159.04K	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`	$119.55K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	USD	Point-in-time
Accounts receivable - net of allowance for doubtful accounts	`AccountsReceivableNet`	$327.18K	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`	$462.96K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$85.50K	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`	$78.40K	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`	$668.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$564.62K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$141.69K	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`	$157.77K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	147.83M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	157.05M	shares	Point-in-time
Other assets	`OtherAssets`	$27.11K	USD	Point-in-time
Other assets	`OtherAssets`	$27.11K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	147.83M	shares	Point-in-time
Total assets	`Assets`	$733.42K	USD	Point-in-time
Total assets	`Assets`	$852.90K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	157.05M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$642.49K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$704.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.86M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.82M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$10.43K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$194.35K	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$143.32K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.10M	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, 157,053,526 and 147,825,202 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$157.05K	USD	Point-in-time
Common stock, $.00l par value, 160,000,000 shares authorized, 157,053,526 and 147,825,202 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$147.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$118.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$117.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.37M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$733.42K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$852.90K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$478.83K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$719.30K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$312.05K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$139.30K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$23.63K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$72.70K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	-	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$56.07K	USD	1 Quarter
Other	`OtherOperatingIncome`	$29.06K	USD	1 Quarter
Other	`OtherOperatingIncome`	$200.00	USD	1 Quarter
Total revenues	`Revenues`	$948.71K	USD	1 Quarter
Total revenues	`Revenues`	$882.43K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$626.36K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$867.67K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$747.78K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$601.69K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.23M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.62M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.56K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-666.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-343.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$98.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$708.20K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$30.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$5.00	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.37M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-441.48K	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`	$-441.48K	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	154.43M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	123.14M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-441.48K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-27.45K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$-16.08K	USD	1 Quarter
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-637.30K	USD	1 Quarter
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$-59.95K	USD	1 Quarter
Stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$33.41K	USD	1 Quarter
Stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$197.38K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.56K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-135.79K	USD	1 Quarter
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$82.12K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-603.51K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.10K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$91.52K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-82.70K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$227.91K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-123.20K	USD	1 Quarter
Deposits and deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$96.63K	USD	1 Quarter
Deposits and deferred revenue	`DeferredRevenuePeriodIncreaseDecrease`	$51.03K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$433.09K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.46M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.39K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$86.45K	USD	1 Quarter
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.56K	USD	1 Quarter
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$2.56K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$318.00K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$55.75K	USD	1 Quarter
Repayment of capital lease obligations and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$85.29K	USD	1 Quarter
Repayment of capital lease obligations and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$10.43K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$45.32K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$232.71K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.49K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$319.16K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$159.04K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$650.74K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$119.55K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.04K	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`	$119.55K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	USD	Point-in-time

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