10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001594062-15-000320`
Period End Date	20150930
Filing Date	20151112
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	agin-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 20 Cash Flow Statement 24

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
Cash	`Cash`	$114.61K	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	`Cash`	$83.13K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$451.10K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$419.62K	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 ASSETS	`Assets`	$451.10K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$419.62K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$54.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$48.88K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$48.88K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$54.40K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesCurrent`	$574.67K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesCurrent`	$552.17K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$606.58K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$623.55K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	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 September 30, 2015 and June 30, 2015	`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 September 30, 2015 and June 30, 2015	`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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.64M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-186.95K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-172.45K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$419.62K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$451.10K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$5.07K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$2.04K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$37.50K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$15.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$6.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$12.71K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.10K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-37.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-64.36K	USD	1 Quarter
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$-3.06K	USD	1 Quarter
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$22.50K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-67.42K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-14.50K	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.08M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.08M	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.50K	USD	1 Quarter
Net loss	`ProfitLoss`	$-67.42K	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings`	$-22.50K	USD	1 Quarter
Change in the fair value of warrant liability	`FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings`	$3.06K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-473.00	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$934.00	USD	1 Quarter
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$6.00K	USD	1 Quarter
Decrease in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$6.00K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-31.48K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-57.42K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.48K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-57.42K	USD	1 Quarter
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.61K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$83.13K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$250.27K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.61K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$83.13K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$250.27K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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