10-K Filing

NEXT FUEL, INC. CIK: 1422949 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001144204-15-001995`
Period End Date	20140930
Filing Date	20150113
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	nxfi-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 16

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Loan orgination costs due to related parties	`LoanOrginationCostsDueToRelatedParties`	$50.00K	USD	Point-in-time
Loan orgination costs due to related parties	`LoanOrginationCostsDueToRelatedParties`	$50.00K	USD	Point-in-time
Cash	`Cash`	$1.02M	USD	Point-in-time
Cash	`Cash`	$192.04K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$12.02K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$15.29K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	$75.35K	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$279.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$19.40K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$624.52K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`FiniteLivedIntangibleAssetsNet`	$295.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25,000.00	shares	Point-in-time
Lease Acquisition Costs, net	`DeferredCostsLeasingNet`	$145.83K	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	$75.07K	USD	Point-in-time
Total Assets	`Assets`	$1.34M	USD	Point-in-time
Total Assets	`Assets`	$1.13M	USD	Point-in-time
Accounts payable and accrued expenses - continuing operations	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.63K	USD	Point-in-time
Accounts payable and accrued expenses - continuing operations	`AccountsPayableAndAccruedLiabilitiesCurrent`	$88.61K	USD	Point-in-time
Accounts payable and accrued expenses - discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayable`	-	USD	Point-in-time
Accounts payable and accrued expenses - discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayable`	$23.18K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$32.10K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$17.59K	USD	Point-in-time
Accrued Lease origination costs, including $50,000 due to a related party	`LoanOrginationCostsCurrent`	-	USD	Point-in-time
Accrued Lease origination costs, including $50,000 due to a related party	`LoanOrginationCostsCurrent`	$150.00K	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedStockAwardDueToExecutiveOfficer`	$525.00K	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedStockAwardDueToExecutiveOfficer`	-	USD	Point-in-time
Current portion of lease payable (Note 5)	`CapitalLeaseObligationsCurrent`	$48.65K	USD	Point-in-time
Current portion of lease payable (Note 5)	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$68.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$844.37K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	$101.35K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$945.72K	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 13,997,500 and 11,172,500 issued and outstanding as of September 30, 2014 and 2013, respectively	`CommonStockValue`	$1.12K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 13,997,500 and 11,172,500 issued and outstanding as of September 30, 2014 and 2013, respectively	`CommonStockValue`	$1.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$399.05K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.06M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$2.60M	USD	Annual
Professional fees	`ProfessionalFees`	$412.04K	USD	Annual
Research and development costs	`ResearchAndDevelopmentExpense`	$1.56K	USD	Annual
Research and development costs	`ResearchAndDevelopmentExpense`	$8.33K	USD	Annual
Salary Expense	`SalariesAndWages`	$511.02K	USD	Annual
Salary Expense	`SalariesAndWages`	$836.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$905.41K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.23M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$4.35M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.16M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.16M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-4.35M	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$3.06K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$551.00	USD	Annual
Interest Expense	`InterestAndDebtExpense`	$926.00	USD	Annual
Interest Expense	`InterestAndDebtExpense`	-	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$3.06K	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-375.00	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.16M	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.35M	USD	Annual
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	Annual
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-598.47K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.76M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-4.49M	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.38	USD	Annual
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.20	USD	Annual
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	Annual
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.05	USD	Annual
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.39	USD	Annual
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.38M	shares	Annual
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.08M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Payments to acquire productive assets	`PaymentsToAcquireProductiveAssets`	$800.00K	USD	Annual
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.16M	USD	Annual
Noncash or part noncash accquisition, fixed assets acquired	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$150.00K	USD	Annual
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.35M	USD	Annual
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	Annual
Stock issued during period, shares, purchase of assets	`StockIssuedDuringPeriodSharesPurchaseOfAssets`	300,000.00	shares	Annual
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-598.47K	USD	Annual
Stock issued during period, value, purchase of assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$150.00K	USD	Annual
Common stock issued for services	`ShareBasedCompensation`	$44.85K	USD	Annual
Payments to acquire equipment on lease	`PaymentsToAcquireEquipmentOnLease`	$650.00K	USD	Annual
Payments to acquire equipment on lease	`PaymentsToAcquireEquipmentOnLease`	-	USD	Annual
Common stock issued for services	`ShareBasedCompensation`	$2.70M	USD	Annual
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$260.44K	USD	Annual
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	-	USD	Annual
Share based compensation - stock options	`StockOptionPlanExpense`	$398.78K	USD	Annual
Share based compensation - stock options	`StockOptionPlanExpense`	$570.07K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$25.05K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$5.95K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.28K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.17K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.87K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.98K	USD	Annual
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$-2.34K	USD	Annual
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$14.52K	USD	Annual
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$44.30K	USD	Annual
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-23.18K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.06M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.06M	USD	Annual
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15K	USD	Annual
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$121.00K	USD	Annual
Security deposit	`DepositOnEquipment`	$-283.00	USD	Annual
Security deposit	`DepositOnEquipment`	$-75.07K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.28K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.21K	USD	Annual
Payment on equipment financing	`PaymentsToAcquireEquipmentOnLease`	$650.00K	USD	Annual
Payment on equipment financing	`PaymentsToAcquireEquipmentOnLease`	-	USD	Annual
Proceeds from issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.00M	USD	Annual
Proceeds from issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$55.50K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$55.50K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$350.00K	USD	Annual
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-829.90K	USD	Annual
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.09M	USD	Annual
Cash at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$399.05K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06M	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.17M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$44.85K	USD	Annual
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$570.07K	USD	Annual
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$398.78K	USD	Annual
Exercise of warrants	`StockholdersEquityOther`	$55.50K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	Annual
Cancelation of common stock	`CancelationOfTreasurySharesValue`	-	USD	Annual
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$260.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.76M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.49M	USD	Annual
Balance	`StockholdersEquity`	$399.05K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06M	USD	Point-in-time

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