10-Q Filing

AMERICAN GRAPHITE TECHNOLOGIES INC. CIK: 1497316 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001594062-16-000386`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	agin-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 60 Cash Flow Statement 28

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`	$12.80K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$114.61K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$5.04K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.49K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	96.08M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$17.84K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	96.08M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$451.10K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$17.84K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$451.10K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.14K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`AccountsPayableRelatedPartiesCurrent`	$44.74K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`AccountsPayableRelatedPartiesCurrent`	$31.74K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$31.81K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$48.88K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesCurrent`	$574.67K	USD	Point-in-time
Derivative warrant liabilities (Notes 2, 6)	`DerivativeLiabilitiesCurrent`	$546.06K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$577.87K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$623.55K	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, 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 December 31, 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`	$-2.01M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-560.03K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)	`StockholdersEquity`	$-172.45K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$17.84K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$451.10K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	2 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
Exploration expenses	`ExplorationExpense`	$16.68K	USD	2 Qtrs
Exploration expenses	`ExplorationExpense`	$25.65K	USD	2 Qtrs
Exploration expenses	`ExplorationExpense`	$16.68K	USD	1 Quarter
Exploration expenses	`ExplorationExpense`	$25.65K	USD	1 Quarter
Unrealized royalty interest	`RoyaltyExpense`	$335.00K	USD	1 Quarter
Unrealized royalty interest	`RoyaltyExpense`	-	USD	1 Quarter
Unrealized royalty interest	`RoyaltyExpense`	$335.00K	USD	2 Qtrs
Unrealized royalty interest	`RoyaltyExpense`	-	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$3.01K	USD	1 Quarter
Office and general	`GeneralAndAdministrativeExpense`	$16.81K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$8.08K	USD	2 Qtrs
Office and general	`GeneralAndAdministrativeExpense`	$14.77K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$63.75K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$26.25K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$15.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$30.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$5.23K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$11.23K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$7.52K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$20.24K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$18.64K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$4.26K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$15.20K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$6.54K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-145.09K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-379.19K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-80.73K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-416.19K	USD	2 Qtrs
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$6.12K	USD	1 Quarter
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$28.61K	USD	2 Qtrs
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$-7.50K	USD	2 Qtrs
Change in the fair value of warranty liability	`FairValueAdjustmentOfWarrants`	$-4.43K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-85.17K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-387.58K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-373.07K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-152.59K	USD	2 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`	-	USD	2 Qtrs
NET LOSS PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.08M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.08M	shares	2 Qtrs
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
Net loss	`NetLoss`	$-152.59K	USD	2 Qtrs
Net loss	`NetLoss`	$-387.58K	USD	2 Qtrs
Net loss	`NetLoss`	$-373.07K	USD	1 Quarter
Net loss	`NetLoss`	$-85.17K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00	USD	1 Quarter
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
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-152.55K	USD	2 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-85.14K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-387.58K	USD	2 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-373.07K	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-387.58K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-152.59K	USD	2 Qtrs
Change in the fair value of warrant liability	`FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings`	$-28.61K	USD	2 Qtrs
Change in the fair value of warrant liability	`FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings`	$7.50K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$331.45K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.26K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.07K	USD	2 Qtrs
(Decrease) in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$12.00K	USD	2 Qtrs
(Decrease) in accounts payable, related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-13.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-137.35K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-101.81K	USD	2 Qtrs
Effect of foreign exchange on transactions	`EffectOfForeignExchangeOnTransactions`	$34.00	USD	2 Qtrs
Effect of foreign exchange on transactions	`EffectOfForeignExchangeOnTransactions`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-137.32K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-101.81K	USD	2 Qtrs
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.61K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.80K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$170.38K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.61K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$307.69K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.80K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$170.38K	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

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