10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001594062-14-000026`
Period End Date	20131231
Filing Date	20140213
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	agin-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 67 Cash Flow Statement 78

Balance Sheet 35 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, 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`	78.36M	shares	Point-in-time
Cash	`Cash`	$257.83K	USD	Point-in-time
Cash	`Cash`	$116.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.92M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$170.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$261.76K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$519.59K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$286.59K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$519.59K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$286.59K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.29K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.81K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$14.29K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.81K	USD	Point-in-time
Derivative warrant liabilities (Notes 2,6)	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative warrant liabilities (Notes 2,6)	`DerivativeLiabilities`	$1.21M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.23M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.81K	USD	Point-in-time
Capital stock Authorized - 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 82,918,374 and 78,359,486 shares of common stock, respectively as at December 31, 2013 and June 30, 2013	`CommonStockValueOutstanding`	$78.36K	USD	Point-in-time
Capital stock Authorized - 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 82,918,374 and 78,359,486 shares of common stock, respectively as at December 31, 2013 and June 30, 2013	`CommonStockValueOutstanding`	$82.92K	USD	Point-in-time
Stock payable	`StockPayable`	-	USD	Point-in-time
Stock payable	`StockPayable`	$85.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$201.25K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$789.27K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$674.84K	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$992.32K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$-708.15K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY(DEFICIT)	`StockholdersEquity`	$277.78K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$519.59K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$286.59K	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	14 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	-	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	14 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$44.83K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$44.83K	USD	14 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$44.83K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$39.07K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$35.83K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$187.56K	USD	14 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$17.91K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$83.51K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$46.80K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$273.45K	USD	14 Qtrs
Stock based compensation	`ShareBasedCompensation`	$78.00K	USD	2 Qtrs
Management fees	`ManagementFees`	$20.00K	USD	2 Qtrs
Management fees	`ManagementFees`	$25.40K	USD	1 Quarter
Management fees	`ManagementFees`	$107.90K	USD	14 Qtrs
Management fees	`ManagementFees`	$47.90K	USD	2 Qtrs
Management fees	`ManagementFees`	$12.50K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$28.47K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$243.57K	USD	14 Qtrs
Consulting Fees	`ConsultingFees`	$99.33K	USD	2 Qtrs
Consulting Fees	`ConsultingFees`	$94.68K	USD	2 Qtrs
Consulting Fees	`ConsultingFees`	$32.32K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$15.79K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$24.86K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$29.91K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$106.66K	USD	14 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-253.38K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-115.68K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-157.41K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-988.45K	USD	14 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-347.48K	USD	2 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Interest Expense	`InterestRevenueExpenseNet`	$-766.00	USD	2 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	$-877.00	USD	14 Qtrs
Interest Expense	`InterestRevenueExpenseNet`	-	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-30.00K	USD	2 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-30.00K	USD	14 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-32.90K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-254.14K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-115.68K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-317.48K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-124.51K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-959.32K	USD	14 Qtrs
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`	77.93M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.67M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.92M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.22M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-254.14K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-115.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-317.48K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-124.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-959.32K	USD	14 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$42.00K	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$78.00K	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$229.20K	USD	14 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	-	USD	2 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	$44.25K	USD	14 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	-	USD	2 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	2 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	$-30.00K	USD	2 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	$-30.00K	USD	14 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	2 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	14 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.37K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.18K	USD	14 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.67K	USD	2 Qtrs
Increase (decrease) in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	2 Qtrs
Increase (decrease) in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.11K	USD	2 Qtrs
Increase (decrease) in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.11K	USD	14 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-10.43K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-261.76K	USD	14 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-91.76K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-963.34K	USD	14 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-174.70K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-391.76K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$567.19K	USD	14 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	2 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$618.00K	USD	14 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$533.00K	USD	2 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$40.00K	USD	14 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	14 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$35.99K	USD	14 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$533.00K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.22M	USD	14 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$257.83K	USD	14 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$141.24K	USD	2 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`	$116.59K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$257.83K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$315.34K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$257.83K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$-877.00	USD	14 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$-876.00	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	14 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Stock based compensation	`AllocatedShareBasedCompensationExpense2`	$42.00K	USD	2 Qtrs
Stock based compensation	`AllocatedShareBasedCompensationExpense2`	$109.20K	USD	2 Qtrs
Stock based compensation	`AllocatedShareBasedCompensationExpense2`	$229.20K	USD	14 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	-	USD	2 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	$44.25K	USD	14 Qtrs
Shares issued per financing agreement	`SharesIssuedFinancingAgreement`	-	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	14 Qtrs
Total	`TotalNonCashTransactions`	$42.00K	USD	2 Qtrs
Total	`TotalNonCashTransactions`	$309.44K	USD	14 Qtrs
Total	`TotalNonCashTransactions`	$109.20K	USD	2 Qtrs

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