10-K/A Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 FY 2014

Filing Information

Form Type	10-K/A
Accession Number	`0001594062-15-000064`
Period End Date	20140630
Filing Date	20150223
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	agin-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 29 Cash Flow Statement 48 Stockholders Equity 25

Balance Sheet 39 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.36M	shares	Point-in-time
Cash	`Cash`	$116.59K	USD	Point-in-time
Cash	`Cash`	$307.69K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$170.00K	USD	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
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$644.19K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$286.59K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$644.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$286.59K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.80K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.81K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.80K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$2.05M	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$1.24M	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$554.83K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$587.62K	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 96,083,348 and 78,359,486 shares of common stock, respectively as at June 30, 2014 and June 30, 2013, respectively	`CommonStockValue`	$78.36K	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 June 30, 2014 and June 30, 2013, respectively	`CommonStockValue`	$96.08K	USD	Point-in-time
Stock Payable	`StockPayables`	$85.00K	USD	Point-in-time
Stock Payable	`StockPayables`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.36M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$789.27K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-674.84K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-13.28K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$277.78K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$56.56K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$644.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$286.59K	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	Annual
REVENUE	`Revenues`	-	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$24.47K	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$45.60K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$121.56K	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$91.02K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$231.45K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$87.31K	USD	Annual
Management fees	`ManagementFeeExpense`	$55.00K	USD	Annual
Management fees	`ManagementFeeExpense`	$122.90K	USD	Annual
Consulting fees	`ConsultingFees`	$131.94K	USD	Annual
Consulting fees	`ConsultingFees`	$134.58K	USD	Annual
Professional fees	`ProfessionalFees`	$38.10K	USD	Annual
Professional fees	`ProfessionalFees`	$43.90K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-553.20K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-574.62K	USD	Annual
Interest Expense	`InterestExpense`	$767.00	USD	Annual
Interest Expense	`InterestExpense`	-	USD	Annual
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$168.92K	USD	Annual
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-722.12K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-575.38K	USD	Annual
NET LOSS	`NetIncomeLoss`	$1.29M	USD	16 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.01	USD	Annual
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.01	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	85.95M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	78.11M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-575.38K	USD	Annual
Net loss	`ProfitLoss`	$-722.12K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$231.45K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$87.31K	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	$44.25K	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	-	USD	Annual
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	Annual
Change in the fair value of warrant liability	`IncreaseDecreaseInDerivativeLiabilities`	$168.92K	USD	Annual
Interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	Annual
Interest	`IncreaseDecreaseInInterestPayableNet`	$-110.00	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$249.00	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.87K	USD	Annual
Decrease in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.74K	USD	Annual
Decrease in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.69K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$167.59K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$166.49K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-608.39K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-508.45K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$799.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$635.00K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	$40.00K	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Due to related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Due to related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$799.50K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$595.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.55K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$191.11K	USD	Annual
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.04K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$877.00	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Stock based compensation	`StockBasedCompensation`	-	USD	Annual
Stock based compensation	`StockBasedCompensation`	$187.20K	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement1`	-	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement1`	$44.25K	USD	Annual
Forgiveness of shareholder loan	`ForgivenessOfShareholderLoan`	-	USD	Annual
Forgiveness of shareholder loan	`ForgivenessOfShareholderLoan`	-	USD	Annual
Total Non-cash transaction	`TotalNonCashTransaction`	-	USD	Annual
Total Non-cash transaction	`TotalNonCashTransaction`	$231.45K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-13.28K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$277.78K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$56.56K	USD	Point-in-time
Beginning balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$187.20K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$550.00K	USD	Annual
Private placement	`SaleOfStockConsiderationReceivedOnTransaction`	$85.00K	USD	Annual
Private placement	`SaleOfStockConsiderationReceivedOnTransaction`	$799.50K	USD	Annual
Common stock issued for financing agreement	`StockIssuedDuringPeriodValueNewIssues`	$44.25K	USD	Annual
Common stock issued to agent placement	`CommonStockIssuedToAgentPlacement`	-	USD	Annual
Common stock issued for investor relationship services	`StockIssuedDuringPeriodValueIssuedForServices`	$87.31K	USD	Annual
Warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-118.16K	USD	Annual
Derivate liabilities	`DerivateLiabilities`	$-1.69M	USD	Annual
Cashless warrants	`StockIssuedDuringPeriodValueCashlessWarrants`	$1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-722.12K	USD	Annual
Net loss	`NetIncomeLoss`	$-575.38K	USD	Annual
Net loss	`NetIncomeLoss`	$1.29M	USD	16 Qtrs
Ending balance	`StockholdersEquity`	$-13.28K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$277.78K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$56.56K	USD	Point-in-time
Ending balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, Shares	`SharesOutstanding`	-	shares	Point-in-time

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