10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001524777-12-000439`
Period End Date	20120930
Filing Date	20121119
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	agin-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 28 Cash Flow Statement 64

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.22M	shares	Point-in-time
Cash	`Cash`	$427.39K	USD	Point-in-time
Cash	`Cash`	$30.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.44M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$2.41K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$160.97K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$588.37K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$32.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$32.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$588.37K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.91K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.93K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	$2.69K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$110.00	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$40.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$45.74K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$52.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$45.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$52.91K	USD	Point-in-time
Capital stock Authorized; 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 78,218,750 and 77,437,500 shares of common stock, respectively	`CommonStockValueOutstanding`	$78.22K	USD	Point-in-time
Capital stock Authorized; 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 78,218,750 and 77,437,500 shares of common stock, respectively	`CommonStockValueOutstanding`	$77.44K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.74K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$695.16K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$99.46K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$237.92K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$535.46K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$-13.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$588.37K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$32.45K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	9 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$17.92K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$30.95K	USD	9 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$1.04K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$31.20K	USD	9 Qtrs
Stock based compensation	`ShareBasedCompensation`	$31.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Management fee	`ManagementFees`	-	USD	1 Quarter
Management fee	`ManagementFees`	$7.50K	USD	1 Quarter
Management fee	`ManagementFees`	$12.50K	USD	9 Qtrs
Professional fees	`ProfessionalFees`	$81.07K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$129.39K	USD	9 Qtrs
Professional fees	`ProfessionalFees`	$4.25K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-137.69K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-5.29K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-204.04K	USD	9 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	$-766.00	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-876.00	USD	9 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-5.29K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-204.92K	USD	9 Qtrs
NET LOSS	`NetIncomeLoss`	$-138.46K	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.70M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.22M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-204.92K	USD	9 Qtrs
Net loss	`NetIncomeLoss`	$-138.46K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$31.20K	USD	9 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$31.20K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	9 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	1 Quarter
Increase in accounts payable and accrued	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.50K	USD	1 Quarter
Increase in accounts payable and accrued	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$49.98K	USD	1 Quarter
Increase in accounts payable and accrued	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.91K	USD	9 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	1 Quarter
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	9 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.56K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.97K	USD	9 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-62.65K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-3.79K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-125.78K	USD	9 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$5.19K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$517.19K	USD	9 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	$40.00K	USD	9 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	9 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	1 Quarter
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$35.99K	USD	9 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$553.18K	USD	9 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$5.19K	USD	1 Quarter
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$1.40K	USD	1 Quarter
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$427.39K	USD	9 Qtrs
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$397.35K	USD	1 Quarter
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$427.39K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$176.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$427.39K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$176.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$-876.00	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$-876.00	USD	9 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	9 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation2`	$156.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation2`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation2`	$156.00K	USD	9 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	1 Quarter
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	1 Quarter
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	$35.99K	USD	9 Qtrs
Total	`TotalNonCashTransactions`	-	USD	1 Quarter
Total	`TotalNonCashTransactions`	$192.86K	USD	9 Qtrs
Total	`TotalNonCashTransactions`	$156.88K	USD	1 Quarter

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