10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001524777-13-000218`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	agin-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 53 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`	77.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.22M	shares	Point-in-time
Cash	`Cash`	$131.75K	USD	Point-in-time
Cash	`Cash`	$30.04K	USD	Point-in-time
Prepaid expenses and advances	`PrepaidExpenseCurrent`	$99.21K	USD	Point-in-time
Prepaid expenses and advances	`PrepaidExpenseCurrent`	$2.41K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$230.97K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$32.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$230.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$32.45K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.93K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.13K	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`	$5.13K	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`	$5.13K	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 issued on March 31, 2013 and June 30, 2012, 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 issued on March 31, 2013 and June 30, 2012, respectively	`CommonStockValueOutstanding`	$77.44K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$695.16K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.74K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$99.46K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$547.54K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$225.84K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$-13.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$230.97K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$32.45K	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	3 Qtrs
REVENUE	`Revenues`	-	USD	11 Qtrs
REVENUE	`Revenues`	-	USD	3 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	11 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$63.04K	USD	3 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$27.21K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$76.07K	USD	11 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$2.80K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$4.98K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$187.20K	USD	11 Qtrs
Stock based compensation	`ShareBasedCompensation`	$187.20K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$109.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Management fees	`ManagementFees`	$40.00K	USD	11 Qtrs
Management fees	`ManagementFees`	-	USD	3 Qtrs
Management fees	`ManagementFees`	$15.00K	USD	1 Quarter
Management fees	`ManagementFees`	$35.00K	USD	3 Qtrs
Management fees	`ManagementFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$185.92K	USD	11 Qtrs
Professional fees	`ProfessionalFees`	$17.57K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.32K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$137.60K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-193.94K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-447.31K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-513.66K	USD	11 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-20.36K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-30.30K	USD	3 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-876.00	USD	11 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	3 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-766.00	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-514.54K	USD	11 Qtrs
NET LOSS	`NetIncomeLoss`	$-193.94K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.36K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-448.08K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-30.30K	USD	3 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	3 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.44M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.71M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.22M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.03M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-514.54K	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-193.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-448.08K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-30.30K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$187.20K	USD	11 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$187.20K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$109.20K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	3 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	11 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.13K	USD	11 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.86K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.19K	USD	3 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	3 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	11 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-99.21K	USD	11 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-96.80K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-421.42K	USD	11 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-358.29K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-27.43K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$5.19K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$517.19K	USD	11 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$40.00K	USD	11 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	11 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$22.11K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$35.99K	USD	11 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$27.30K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$553.18K	USD	11 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-139.00	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$131.75K	USD	11 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$101.71K	USD	3 Qtrs
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$176.00	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.00	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$131.75K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$37.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$131.75K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$-876.00	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$-876.00	USD	11 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	11 Qtrs
Stock based compensation	`ShareBasedCompensation2`	$187.50K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation2`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation2`	$187.50K	USD	11 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	3 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	-	USD	3 Qtrs
Forgiveness of shareholder loan	`ForgivenessofShareholderLoanCF`	$35.99K	USD	11 Qtrs
Total	`TotalNonCashTransactions`	$187.50K	USD	3 Qtrs
Total	`TotalNonCashTransactions`	-	USD	3 Qtrs
Total	`TotalNonCashTransactions`	$223.49K	USD	11 Qtrs

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