10-Q Filing

NANO MAGIC INC. CIK: 891417 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-012691`
Period End Date	20160630
Filing Date	20160819
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	penc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 102 Cash Flow Statement 78

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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 authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$291.21K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$262.52K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.10M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$11.98K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$8.63K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$1.36M	USD	Point-in-time
Inventory	`InventoryNet`	$1.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$194.95K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$112.66K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.65M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$897.36K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$807.10K	USD	Point-in-time
Other assets	`OtherAssets`	$29.92K	USD	Point-in-time
Other assets	`OtherAssets`	$32.10K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$837.02K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$929.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.70M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.58M	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	$1.29M	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	$1.23M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$74.38K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$87.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.26M	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$27.06K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$40.83K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$805.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$871.10K	USD	Point-in-time
Deposit on stock purchase	`DepositLiabilityCurrent`	$50.00K	USD	Point-in-time
Deposit on stock purchase	`DepositLiabilityCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$21.69K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.81M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$312.14K	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$311.19K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$311.19K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$312.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.12M	USD	Point-in-time
Commitments and Contingencies (See Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 11)	`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`	$5.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.34M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-272.33K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-418.34K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.70M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$3.58M	USD	Point-in-time

Income Statement 102 line items

Line Item	Tag	Value	Unit	Period
Sales revenue from related parties	`RevenueFromRelatedParties`	$77.12K	USD	2 Qtrs
Sales revenue from related parties	`RevenueFromRelatedParties`	$96.30K	USD	2 Qtrs
Sales revenue from related parties	`RevenueFromRelatedParties`	$48.60K	USD	1 Quarter
Sales revenue from related parties	`RevenueFromRelatedParties`	$32.29K	USD	1 Quarter
Products (including related party sales of $48,604 and $32,291 for the three months ended June 30, 2016 and 2015, respectively, and $96,296 and $77,118 for the six months ended June 30, 2016 and 2015, respectively)	`SalesRevenueGoodsNet`	$1.86M	USD	1 Quarter
Products (including related party sales of $48,604 and $32,291 for the three months ended June 30, 2016 and 2015, respectively, and $96,296 and $77,118 for the six months ended June 30, 2016 and 2015, respectively)	`SalesRevenueGoodsNet`	$1.92M	USD	1 Quarter
Products (including related party sales of $48,604 and $32,291 for the three months ended June 30, 2016 and 2015, respectively, and $96,296 and $77,118 for the six months ended June 30, 2016 and 2015, respectively)	`SalesRevenueGoodsNet`	$3.61M	USD	2 Qtrs
Products (including related party sales of $48,604 and $32,291 for the three months ended June 30, 2016 and 2015, respectively, and $96,296 and $77,118 for the six months ended June 30, 2016 and 2015, respectively)	`SalesRevenueGoodsNet`	$4.30M	USD	2 Qtrs
Research and development services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$579.44K	USD	2 Qtrs
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`	$293.70K	USD	1 Quarter
Total Revenues	`Revenues`	$4.19M	USD	2 Qtrs
Total Revenues	`Revenues`	$5.38M	USD	2 Qtrs
Total Revenues	`Revenues`	$2.31M	USD	1 Quarter
Total Revenues	`Revenues`	$2.21M	USD	1 Quarter
Products	`CostOfGoodsSoldProduct`	$1.12M	USD	1 Quarter
Products	`CostOfGoodsSoldProduct`	$1.08M	USD	1 Quarter
Products	`CostOfGoodsSoldProduct`	$2.06M	USD	2 Qtrs
Products	`CostOfGoodsSoldProduct`	$2.49M	USD	2 Qtrs
Research and development services	`ContractRevenueCost`	$606.14K	USD	2 Qtrs
Research and development services	`ContractRevenueCost`	$964.22K	USD	2 Qtrs
Research and development services	`ContractRevenueCost`	$455.84K	USD	1 Quarter
Research and development services	`ContractRevenueCost`	$293.03K	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsSold`	$1.53M	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsSold`	$2.66M	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsSold`	$1.42M	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsSold`	$3.45M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.93M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$793.09K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$779.08K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.52M	USD	2 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$119.33K	USD	2 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$48.90K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$71.96K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$131.11K	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$1.19M	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$865.24K	USD	2 Qtrs
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$451.50K	USD	1 Quarter
Salaries, wages and related benefits	`SalariesWagesAndOfficersCompensation`	$599.61K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$164.61K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$445.56K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$78.85K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$250.35K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$163.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$139.27K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$344.05K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$245.63K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$513.57K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$268.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$491.40K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$247.18K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.89M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.62M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.01M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-216.73K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-530.46K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-690.00K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-362.00K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$28.14K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$64.08K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$56.27K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$36.35K	USD	1 Quarter
Other income, net	`OtherIncome`	$177.78K	USD	2 Qtrs
Other income, net	`OtherIncome`	$121.47K	USD	1 Quarter
Other income, net	`OtherIncome`	$516.00	USD	1 Quarter
Other income, net	`OtherIncome`	$7.35K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-56.74K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-35.84K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$121.51K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$93.33K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-746.74K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-566.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-123.40K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-240.49K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.13K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.23K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.28K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.29K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-582.58K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-245.63K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-125.69K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-767.97K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.87M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.37M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.08	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.26	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.26	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.00M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.00M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-582.58K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-245.63K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-125.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-767.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.37M	USD	Annual
Change in inventory obsolescence reserve	`InventoryWriteDown`	$-6.65K	USD	2 Qtrs
Change in inventory obsolescence reserve	`InventoryWriteDown`	$24.11K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$94.26K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$127.17K	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
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$21.87K	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on settlement of A/P	`GainsLossesOnExtinguishmentOfDebt`	$33.51K	USD	2 Qtrs
Gain on settlement of A/P	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of accrued salary	`GainOnSettlementOfAccruedSalary`	-	USD	2 Qtrs
Gain on settlement of accrued salary	`GainOnSettlementOfAccruedSalary`	$36.97K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$99.62K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$89.62K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.55K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$317.45K	USD	2 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-3.36K	USD	2 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-28.27K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-347.94K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$296.38K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.96K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-84.47K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$421.73K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-240.54K	USD	2 Qtrs
Account payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$13.77K	USD	2 Qtrs
Account payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-42.58K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-35.05K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$545.00	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-21.69K	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$60.16K	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-807.82K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.87K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$227.59K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-227.59K	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$17.87K	USD	2 Qtrs
Deposit on stock purchase	`DepositOnStockPurchase`	$50.00K	USD	2 Qtrs
Deposit on stock purchase	`DepositOnStockPurchase`	-	USD	2 Qtrs
Proceeds from bank line of credit	`ProceedsFromLinesOfCredit`	$4.26M	USD	2 Qtrs
Proceeds from bank line of credit	`ProceedsFromLinesOfCredit`	$3.36M	USD	2 Qtrs
Repayment of bank lines of credit	`RepaymentsOfLinesOfCredit`	$3.42M	USD	2 Qtrs
Repayment of bank lines of credit	`RepaymentsOfLinesOfCredit`	$3.88M	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	$371.90K	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$6.20K	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$37.19K	USD	2 Qtrs
Repayment of loan to third party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of loan to third party	`RepaymentsOfRelatedPartyDebt`	$2.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-49.34K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$740.31K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.69K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-295.10K	USD	2 Qtrs
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$291.21K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$262.52K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$291.21K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$169.63K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$464.74K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$262.52K	USD	Point-in-time
Interest	`InterestPaid`	$64.01K	USD	2 Qtrs
Interest	`InterestPaid`	$56.27K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$5.13K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$4.94K	USD	2 Qtrs
Common stock issued for convertible notes and accrued interest	`DebtConversionConvertedInstrumentAmount1`	$13.72K	USD	2 Qtrs
Common stock issued for convertible notes and accrued interest	`DebtConversionConvertedInstrumentAmount1`	-	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`	$41.77K	USD	2 Qtrs
Reclassification of accrued salary to notes payable - long-term	`ReclassificationOfAccruedSalaryToNotesPayableLongterm`	$51.24K	USD	2 Qtrs

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