10-K Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001594062-15-000301`
Period End Date	20150630
Filing Date	20151019
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	agin-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 29 Cash Flow Statement 35 Stockholders Equity 15

Balance Sheet 41 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$116.59K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$114.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$409.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.08M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$451.10K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$644.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$644.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$451.10K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.80K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$48.88K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.80K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$48.88K	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
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$574.67K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesNoncurrent`	$2.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$623.55K	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 June 30, 2015 and 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 June 30, 2015 and 2014	`CommonStockValue`	$96.08K	USD	Point-in-time
Stock Payable	`StockPayables`	-	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`	$1.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.63M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-172.45K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$56.56K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$277.78K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$451.10K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$644.19K	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`	-	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$25.65K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$45.60K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$31.32K	USD	Annual
Office and general	`GeneralAndAdministrativeExpense`	$121.56K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$87.31K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Management fees	`ManagementFeeExpense`	$93.75K	USD	Annual
Management fees	`ManagementFeeExpense`	$122.90K	USD	Annual
Consulting fees	`ConsultingFees`	$29.97K	USD	Annual
Consulting fees	`ConsultingFees`	$131.94K	USD	Annual
Professional fees	`ProfessionalFees`	$28.49K	USD	Annual
Professional fees	`ProfessionalFees`	$43.90K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-209.17K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-553.20K	USD	Annual
Interest Expense	`InterestExpense`	-	USD	Annual
Interest Expense	`InterestExpense`	-	USD	Annual
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$19.84K	USD	Annual
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$168.92K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.29M	USD	20 Qtrs
NET LOSS	`NetIncomeLoss`	$-229.01K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-722.12K	USD	Annual
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`	96.08M	shares	Annual

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.29M	USD	20 Qtrs
Net loss	`NetIncomeLoss`	$-229.01K	USD	Annual
Net loss	`NetIncomeLoss`	$-722.12K	USD	Annual
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$87.31K	USD	Annual
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	-	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	-	USD	Annual
Shares issued per financing agreement	`SharesIssuedPerFinancingAgreement`	-	USD	Annual
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$19.84K	USD	Annual
Change in the fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$168.92K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$249.00	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.70K	USD	Annual
Decrease in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$20.78K	USD	Annual
Decrease in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.74K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$166.49K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInContinuingOperations`	$-608.39K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInContinuingOperations`	$-193.09K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$799.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$799.50K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-193.09K	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`	$114.61K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$409.26K	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`	$114.61K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$409.26K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	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

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-172.45K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$56.56K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$277.78K	USD	Point-in-time
Private placement	`SaleOfStockConsiderationReceivedOnTransaction`	$799.50K	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`	$-1.29M	USD	20 Qtrs
Net loss	`NetIncomeLoss`	$-229.01K	USD	Annual
Net loss	`NetIncomeLoss`	$-722.12K	USD	Annual
Ending balance	`StockholdersEquity`	$-172.45K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$56.56K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$277.78K	USD	Point-in-time

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