10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-002372`
Period End Date	20140630
Filing Date	20140805
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	apnt-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 72 Cash Flow Statement 46

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
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`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.55K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.14K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, trade - net of allowance for doubtful accounts	`AccountsReceivableNet`	$225.24K	USD	Point-in-time
Accounts receivable, trade - net of allowance for doubtful accounts	`AccountsReceivableNet`	$462.96K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.52K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$85.50K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$396.14K	USD	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`	157.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	147.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$126.90K	USD	Point-in-time
Other assets	`OtherAssets`	$27.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	147.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.55M	shares	Point-in-time
Other assets	`OtherAssets`	$17.62K	USD	Point-in-time
Total assets	`Assets`	$540.66K	USD	Point-in-time
Total assets	`Assets`	$852.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$642.49K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$787.34K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.86M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.87M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsCurrent`	$10.43K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$143.32K	USD	Point-in-time
Deposits and deferred revenue	`DeferredRevenue`	$217.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.18M	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, $.001 par value, 160,000,000 shares authorized, 157,553,526 and 147,825,202 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$147.82K	USD	Point-in-time
Common stock, $.001 par value, 160,000,000 shares authorized, 157,553,526 and 147,825,202 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$157.55K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$117.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$119.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-123.02M	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`	$-3.64M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$540.66K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$852.90K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Government contracts	`ContractsRevenue`	$446.48K	USD	1 Quarter
Government contracts	`ContractsRevenue`	$1.17M	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$915.02K	USD	2 Qtrs
Government contracts	`ContractsRevenue`	$436.19K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$451.88K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$240.31K	USD	2 Qtrs
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$101.02K	USD	1 Quarter
Contract research	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$763.93K	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	-	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	-	USD	2 Qtrs
License fees and royalties	`LicensesRevenue`	$82.28K	USD	1 Quarter
License fees and royalties	`LicensesRevenue`	$138.35K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$35.34K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$11.70K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$167.62K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$94.92K	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.50K	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.50K	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$30.56K	USD	2 Qtrs
Other	`OtherSalesRevenueNet`	$1.70K	USD	2 Qtrs
Total revenues	`Revenues`	$1.44M	USD	2 Qtrs
Total revenues	`Revenues`	$2.02M	USD	2 Qtrs
Total revenues	`Revenues`	$560.70K	USD	1 Quarter
Total revenues	`Revenues`	$1.07M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$507.38K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.78M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$911.48K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.13M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$884.87K	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`	$283.19K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$1.55M	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$3.16M	USD	2 Qtrs
Operating costs and expenses	`OperatingCostsAndExpenses`	$790.56K	USD	1 Quarter
Operating costs and expenses	`OperatingCostsAndExpenses`	$2.02M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.10K	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$549.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-480.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-229.32K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-572.37K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$871.77K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$1.33M	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$1.23M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$163.56K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$49.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$54.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$48.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$78.00	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`	$-1.90M	USD	2 Qtrs
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.46M	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-643.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.90M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	157.16M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	127.99M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	126.45M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	155.80M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-643.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.90M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$53.67K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$30.87K	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$1.25M	USD	2 Qtrs
Amortization of discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$756.11K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$197.38K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$54.45K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.10K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$549.00	USD	1 Quarter
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$102.11K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$-237.72K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.47K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-611.74K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.59K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$399.69K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-52.13K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$74.03K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.81M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.72M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-297.43K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-88.35K	USD	2 Qtrs
Proceeds from equipment sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from equipment sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$3.10K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$71.68K	USD	2 Qtrs
Repayment of capital leases and notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$100.26K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$394.25K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$155.75K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$293.99K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$84.07K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.44K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$331.58K	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`	$118.37K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$328.14K	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`	$119.55K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$118.37K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$328.14K	USD	Point-in-time

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