10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-003559`
Period End Date	20150630
Filing Date	20150812
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	penc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 108 Cash Flow Statement 72

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$168.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.03M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$9.98K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$38.25K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventory	`InventoryNet`	$1.56M	USD	Point-in-time
Inventory	`InventoryNet`	$1.22M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$221.44K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$200.08K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.97M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.80B	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$850.85K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$976.91K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$213.69K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$239.34K	USD	Point-in-time
Other assets	`OtherAssets`	$43.43K	USD	Point-in-time
Other assets	`OtherAssets`	$41.84K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$1.23M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$1.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.43M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.20M	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	$1.15M	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	$773.34K	USD	Point-in-time
Current portion of notes payable	`ShortTermNonBankLoansAndNotesPayable`	-	USD	Point-in-time
Current portion of notes payable	`ShortTermNonBankLoansAndNotesPayable`	$74.38K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayableCurrent`	$13.33K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$964.59K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$753.35K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$28.79K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$29.34K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.19M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$333.09K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$333.09K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.21M	USD	Point-in-time
Commitments and Contingencies (See Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.0001 par value, 20,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.0001 par value, 20,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$677.32K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.43M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.20M	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Sales revenue from related parties	`RevenueFromRelatedParties`	$107.05K	USD	2 Qtrs
Sales revenue from related parties	`RevenueFromRelatedParties`	$77.12K	USD	2 Qtrs
Sales revenue from related parties	`RevenueFromRelatedParties`	$24.37K	USD	1 Quarter
Sales revenue from related parties	`RevenueFromRelatedParties`	$32.29K	USD	1 Quarter
Products (including related party sales of $32,291 and $24,367 for the three months ended June 30, 2015 and 2014, respectively, and $77,118 and $107,052 for the six months ended June 30, 2015 and 2014, respectively)	`SalesRevenueGoodsNet`	$1.86M	USD	1 Quarter
Products (including related party sales of $32,291 and $24,367 for the three months ended June 30, 2015 and 2014, respectively, and $77,118 and $107,052 for the six months ended June 30, 2015 and 2014, respectively)	`SalesRevenueGoodsNet`	$2.87M	USD	1 Quarter
Products (including related party sales of $32,291 and $24,367 for the three months ended June 30, 2015 and 2014, respectively, and $77,118 and $107,052 for the six months ended June 30, 2015 and 2014, respectively)	`SalesRevenueGoodsNet`	$4.30M	USD	2 Qtrs
Products (including related party sales of $32,291 and $24,367 for the three months ended June 30, 2015 and 2014, respectively, and $77,118 and $107,052 for the six months ended June 30, 2015 and 2014, respectively)	`SalesRevenueGoodsNet`	$5.64M	USD	2 Qtrs
Research and development services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	-	USD	1 Quarter
Research and development services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.08M	USD	2 Qtrs
Research and development services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$451.22K	USD	1 Quarter
Research and development services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	-	USD	2 Qtrs
Total Revenues	`Revenues`	$5.64M	USD	2 Qtrs
Total Revenues	`Revenues`	$2.87M	USD	1 Quarter
Total Revenues	`Revenues`	$2.31M	USD	1 Quarter
Total Revenues	`Revenues`	$5.38M	USD	2 Qtrs
Products	`CostOfGoodsSold`	$2.83M	USD	2 Qtrs
Products	`CostOfGoodsSold`	$1.08M	USD	1 Quarter
Products	`CostOfGoodsSold`	$2.49M	USD	2 Qtrs
Products	`CostOfGoodsSold`	$1.38M	USD	1 Quarter
Research and development services	`SalesRevenueServicesNet`	$-455.84K	USD	1 Quarter
Research and development services	`SalesRevenueServicesNet`	$-964.22K	USD	2 Qtrs
Research and development services	`SalesRevenueServicesNet`	-	USD	1 Quarter
Research and development services	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsSoldGross`	$3.45M	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsSoldGross`	$1.53M	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsSoldGross`	$1.38M	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsSoldGross`	$2.83M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$779.08K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.81M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.93M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.49M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$48.90K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$131.11K	USD	2 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$70.51K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$144.03K	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$874.72K	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$441.37K	USD	1 Quarter
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$1.19M	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$599.61K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$445.56K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$144.63K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$295.37K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$250.35K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$163.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$344.05K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$147.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$318.72K	USD	2 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$247.18K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$190.02K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$513.57K	USD	2 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$356.52K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$993.78K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.99M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.62M	USD	2 Qtrs
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-530.46K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$818.34K	USD	2 Qtrs
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-690.00K	USD	2 Qtrs
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$492.65K	USD	1 Quarter
Interest expenses	`InterestExpenseOther`	$64.08K	USD	2 Qtrs
Interest expenses	`InterestExpenseOther`	$17.42K	USD	2 Qtrs
Interest expenses	`InterestExpenseOther`	$10.09K	USD	1 Quarter
Interest expenses	`InterestExpenseOther`	$36.35K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$7.35K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$516.00	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$-12.14K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$-12.12K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-29.55K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-35.84K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-56.74K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-22.23K	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-746.74K	USD	2 Qtrs
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$788.79K	USD	2 Qtrs
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-566.29K	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$470.43K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$16.28K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$21.23K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$215.63K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$168.02K	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$302.41K	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$-582.58K	USD	1 Quarter
NET (LOSS) INCOME	`ProfitLoss`	$573.17K	USD	2 Qtrs
NET (LOSS) INCOME	`ProfitLoss`	$-767.97K	USD	2 Qtrs
Net income attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$83.21K	USD	2 Qtrs
Net income attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$43.90K	USD	1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$-767.97K	USD	2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$-582.58K	USD	1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$489.96K	USD	2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$258.50K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.64M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	535.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	534.83M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	535.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	325.64M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	534.83M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	325.64M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$302.41K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-582.58K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$573.17K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-767.97K	USD	2 Qtrs
Change in inventory obsolescence reserve	`ChangeInInventoryObsolescenceReserve`	$-6.65K	USD	2 Qtrs
Change in inventory obsolescence reserve	`ChangeInInventoryObsolescenceReserve`	$12.91K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$127.17K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$84.37K	USD	2 Qtrs
Amortization of deferred lease incentives	`AmortizationOfLeaseIncentives`	$-6.42K	USD	2 Qtrs
Amortization of deferred lease incentives	`AmortizationOfLeaseIncentives`	$-3.21K	USD	2 Qtrs
Change in value of stock appreciation rights	`ChangeInValueOfStockAppreciationRighta`	-	USD	2 Qtrs
Change in value of stock appreciation rights	`ChangeInValueOfStockAppreciationRighta`	-	USD	2 Qtrs
Change in value of equity credits	`ChangeInValueOfEquityCredits`	-	USD	2 Qtrs
Change in value of equity credits	`ChangeInValueOfEquityCredits`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$89.62K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$317.45K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$149.16K	USD	2 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-11.27K	USD	2 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-28.27K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-315.03K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-347.94K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.96K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.61K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-456.60K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-240.54K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.59K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-42.58K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$215.63K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$545.00	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$618.41K	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-807.82K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$227.59K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.06K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-227.59K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.06K	USD	2 Qtrs
Proceeds from bank line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from bank line of credit	`ProceedsFromLinesOfCredit`	$4.26M	USD	2 Qtrs
Repayment of bank lines of credit	`RepaymentsOfLinesOfCredit`	$3.88M	USD	2 Qtrs
Repayment of bank lines of credit	`RepaymentsOfLinesOfCredit`	$483.47K	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	$371.90K	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$6.20K	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$60.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-543.47K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$740.31K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-295.10K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$67.88K	USD	2 Qtrs
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$168.25K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$168.25K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
Interest	`InterestPaid`	$64.01K	USD	2 Qtrs
Interest	`InterestPaid`	$14.89K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$4.94K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Common stock issued for convertible notes and accrued interest	`CommonStockIssuedForConvertibleNotesAndAccruedInterest`	$13.72K	USD	2 Qtrs
Common stock issued for convertible notes and accrued interest	`CommonStockIssuedForConvertibleNotesAndAccruedInterest`	-	USD	2 Qtrs
Common stock issued for accrued expenses	`StockIssued1`	$123.28K	USD	2 Qtrs
Common stock issued for accrued expenses	`StockIssued1`	-	USD	2 Qtrs
Reclassification of accrued salary to notes payable - long-term	`ReclassificationOfAccruedSalaryToNotesPayableLongterm`	-	USD	2 Qtrs
Reclassification of accrued salary to notes payable - long-term	`ReclassificationOfAccruedSalaryToNotesPayableLongterm`	$41.77K	USD	2 Qtrs
Value of equity credits forfeited at original purchase price in exchange for cancellation of receivables	`ValueOfEquityCreditsForfeited`	-	USD	2 Qtrs
Value of equity credits forfeited at original purchase price in exchange for cancellation of receivables	`ValueOfEquityCreditsForfeited`	$13.71K	USD	2 Qtrs

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