10-Q/A Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q3 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001594062-14-000206`
Period End Date	20140331
Filing Date	20140613
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	agin-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 70 Cash Flow Statement 76

Balance Sheet 36 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, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$409.26K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$116.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.08M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$170.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$286.49K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	96.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.36M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$695.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$286.59K	USD	Point-in-time
Total Assets	`Assets`	$286.59K	USD	Point-in-time
Total Assets	`Assets`	$695.76K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$18.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.81K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.81K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$18.63K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilities`	$545.59K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.81K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$564.22K	USD	Point-in-time
Capital stock Authorized - 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 96,083,348 and 78,359,486 shares of common Stock,respectively as at March 31, 2014 and June 30, 2013	`CommonStockValue`	$96.08K	USD	Point-in-time
Capital stock Authorized - 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 96,083,348 and 78,359,486 shares of common Stock,respectively as at March 31, 2014 and June 30, 2013	`CommonStockValue`	$78.36K	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`	$789.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.36M	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-1.32M	USD	Point-in-time
Accumulated deficit during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-674.84K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$131.54K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$277.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$286.59K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$695.76K	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	15 Qtrs
REVENUES	`Revenues`	-	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	15 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$45.53K	USD	15 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$45.53K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$700.00	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$108.51K	USD	3 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$25.00K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$212.57K	USD	15 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$63.04K	USD	3 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$27.21K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$45.31K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$109.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$318.76K	USD	15 Qtrs
Stock based compensation	`ShareBasedCompensation`	$87.31K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$187.20K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$15.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$37.50K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$85.40K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$35.00K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$145.40K	USD	15 Qtrs
Consulting Fees	`ConsultingFees`	$22.71K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$122.04K	USD	3 Qtrs
Consulting Fees	`ConsultingFees`	-	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$266.29K	USD	15 Qtrs
Consulting Fees	`ConsultingFees`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$137.60K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$8.76K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$38.67K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$18.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$115.42K	USD	15 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-1.13M	USD	15 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-487.46K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-193.94K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-139.99K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-447.31K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-766.00	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$-877.00	USD	15 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-159.68K	USD	15 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-159.68K	USD	3 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-189.68K	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-647.14K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-448.08K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-193.94K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.29M	USD	15 Qtrs
NET LOSS	`NetIncomeLoss`	$-329.68K	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	15 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	78.22M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	82.58M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	85.13M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	0.00	shares	15 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	78.03M	shares	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-647.14K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.29M	USD	15 Qtrs
Net loss	`ProfitLoss`	$-448.08K	USD	3 Qtrs
Stock-based compensation	`DividendsSharebasedCompensationStock`	$187.20K	USD	3 Qtrs
Stock-based compensation	`DividendsSharebasedCompensationStock`	$87.31K	USD	3 Qtrs
Stock-based compensation	`DividendsSharebasedCompensationStock`	$274.51K	USD	15 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	-	USD	3 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	$44.25K	USD	15 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	-	USD	3 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	$159.68K	USD	3 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	$159.68K	USD	15 Qtrs
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	3 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	3 Qtrs
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	15 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.19K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-293.00	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.51K	USD	15 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$10.11K	USD	3 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	3 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$10.11K	USD	15 Qtrs
Increase (decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-286.49K	USD	15 Qtrs
Increase (decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-116.49K	USD	3 Qtrs
Increase (decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-96.80K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-506.82K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	15 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-358.29K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$567.19K	USD	15 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	3 Qtrs
Proceeds from private placements, net	`ProceedsFromIssuanceOfPrivatePlacement`	$884.50K	USD	15 Qtrs
Proceeds from private placements, net	`ProceedsFromIssuanceOfPrivatePlacement`	$799.50K	USD	3 Qtrs
Proceeds from private placements, net	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$40.00K	USD	15 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$-40.00K	USD	3 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$-40.00K	USD	15 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$35.99K	USD	15 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$799.50K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.49M	USD	15 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$409.26K	USD	15 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$101.71K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$292.68K	USD	3 Qtrs
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`	$131.75K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$409.26K	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`	$131.75K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$409.26K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$877.00	USD	15 Qtrs
Cash paid for interest	`InterestPaid`	$876.00	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	15 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Stock based compensation	`StockBasedCompensation`	$274.51K	USD	15 Qtrs
Stock based compensation	`StockBasedCompensation`	$187.50K	USD	3 Qtrs
Stock based compensation	`StockBasedCompensation`	$87.31K	USD	3 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement1`	-	USD	3 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement1`	$44.25K	USD	15 Qtrs
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement1`	-	USD	3 Qtrs
Forgiveness of shareholder loan	`ForgivenessOfShareholderLoan`	-	USD	3 Qtrs
Forgiveness of shareholder loan	`ForgivenessOfShareholderLoan`	-	USD	3 Qtrs
Forgiveness of shareholder loan	`ForgivenessOfShareholderLoan`	$35.99K	USD	15 Qtrs
Total Non-cash transaction	`TotalNonCashTransaction`	$187.50K	USD	3 Qtrs
Total Non-cash transaction	`TotalNonCashTransaction`	$42.00K	USD	3 Qtrs
Total Non-cash transaction	`TotalNonCashTransaction`	$309.44K	USD	15 Qtrs

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