10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001524777-13-000062`
Period End Date	20121231
Filing Date	20130214
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	agin-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 48 Cash Flow Statement 68

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
Common stock, shares issued	`CommonStockSharesIssued`	77.44M	shares	Point-in-time
Cash	`Cash`	$315.34K	USD	Point-in-time
Cash	`Cash`	$30.04K	USD	Point-in-time
Prepaid expenses and advances	`PrepaidExpenseCurrent`	$122.04K	USD	Point-in-time
Prepaid expenses and advances	`PrepaidExpenseCurrent`	$2.41K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$437.38K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$32.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$437.38K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$32.45K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.60K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.93K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	$2.69K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$110.00	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$40.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$17.60K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$45.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$45.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$17.60K	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`	$353.60K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$419.77K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$-13.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$32.45K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$437.38K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	10 Qtrs
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$17.91K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$1.14K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$2.18K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$48.87K	USD	10 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$35.83K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$78.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$46.80K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$78.00K	USD	10 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Management fees	`ManagementFees`	$20.00K	USD	2 Qtrs
Management fees	`ManagementFees`	-	USD	1 Quarter
Management fees	`ManagementFees`	$12.50K	USD	1 Quarter
Management fees	`ManagementFees`	$25.00K	USD	10 Qtrs
Management fees	`ManagementFees`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$167.86K	USD	10 Qtrs
Professional fees	`ProfessionalFees`	$38.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.75K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$119.54K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-9.93K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-319.73K	USD	10 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-253.38K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-4.64K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-115.68K	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-876.00	USD	10 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-766.00	USD	2 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-9.93K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-254.14K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-320.60K	USD	10 Qtrs
NET LOSS	`NetIncomeLoss`	$-115.68K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.64K	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.26M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.22M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.18M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.93M	shares	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.93K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-254.14K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-320.60K	USD	10 Qtrs
Net loss	`NetIncomeLoss`	$-115.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.64K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$78.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$46.80K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$78.00K	USD	10 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	2 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	10 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.67K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.68K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.60K	USD	10 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	10 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.84K	USD	10 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-10.43K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-174.70K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-237.84K	USD	10 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-8.26K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$517.19K	USD	10 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$5.19K	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$40.00K	USD	10 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	10 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$2.96K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$35.99K	USD	10 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$553.18K	USD	10 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.15K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-100.00	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$315.34K	USD	10 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$285.30K	USD	2 Qtrs
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$315.34K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$176.00	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$76.00	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$315.34K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$176.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$76.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$-876.00	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	10 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	10 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation2`	$109.20K	USD	10 Qtrs
Stock based compensation	`ShareBasedCompensation2`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation2`	$109.20K	USD	2 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	2 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	2 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	$35.99K	USD	10 Qtrs
Total	`TotalNonCashTransactions`	$109.20K	USD	2 Qtrs
Total	`TotalNonCashTransactions`	$145.19K	USD	10 Qtrs
Total	`TotalNonCashTransactions`	-	USD	2 Qtrs

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