10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001594062-15-000066`
Period End Date	20141231
Filing Date	20150223
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	agin-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 64 Cash Flow Statement 38

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$170.38K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.08M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	96.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	96.08M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$506.87K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$644.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$506.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$644.19K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.80K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$40.53K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$40.53K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.80K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$2.05M	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$562.33K	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`	$602.86K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$587.62K	USD	Point-in-time
Capital stock Authorized - 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 96,083,348 shares of common stock as at December 31, 2014 and June 30, 2014	`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 shares of common stock as at December 31, 2014 and June 30, 2014	`CommonStockValue`	$96.08K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.36M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.36M	USD	Point-in-time
Other Comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Other Comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.55M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$56.56K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-95.99K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$644.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$506.87K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$25.65K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$25.65K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	-	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$44.83K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$44.83K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$83.51K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$39.07K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$14.77K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$16.81K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$26.25K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$25.40K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$47.90K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$63.75K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$32.32K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$7.52K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$20.24K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$99.33K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$15.79K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.64K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$29.91K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-347.48K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-157.41K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-80.73K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-145.09K	USD	2 Qtrs
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$-32.90K	USD	1 Quarter
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$4.43K	USD	1 Quarter
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$-30.00K	USD	2 Qtrs
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$7.50K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-124.51K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-85.17K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-152.59K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-317.48K	USD	2 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	2 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	2 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	96.08M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	82.92M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	82.67M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	96.08M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-124.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-85.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-152.59K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-317.48K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-317.48K	USD	2 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-124.51K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-85.14K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-152.55K	USD	2 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-317.48K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-152.59K	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$42.00K	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	-	USD	2 Qtrs
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-32.90K	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$4.43K	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`	$7.50K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.37K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.26K	USD	2 Qtrs
Increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.11K	USD	2 Qtrs
Increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$12.00K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$91.76K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInContinuingOperations`	$-391.76K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInContinuingOperations`	$-137.35K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$533.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$533.00K	USD	2 Qtrs
Effect of foreign exchange on transactions	`EffectOfExchangeRateOnCash`	$34.00	USD	2 Qtrs
Effect of foreign exchange on transactions	`EffectOfExchangeRateOnCash`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-137.32K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$141.24K	USD	2 Qtrs
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$170.38K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$170.38K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter

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