10-Q Filing

NEXT FUEL, INC. CIK: 1422949 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-011429`
Period End Date	20141231
Filing Date	20150223
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	nxfi-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 34 Cash Flow Statement 36 Stockholders Equity 8

Balance Sheet 65 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`	-	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
Cash	`Cash`	$21.65K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.43K	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	$75.35K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	$75.42K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$279.41K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$106.51K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$624.52K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$595.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`FiniteLivedIntangibleAssetsNet`	$280.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`FiniteLivedIntangibleAssetsNet`	$295.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25,000.00	shares	Point-in-time
Lease Acquisition Costs, net	`DeferredCostsLeasingNet`	$133.33K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.00M	shares	Point-in-time
Lease Acquisition Costs, net	`DeferredCostsLeasingNet`	$145.83K	USD	Point-in-time
Total Assets	`Assets`	$1.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Total Assets	`Assets`	$1.12M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$88.61K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$120.19K	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`	$56.29K	USD	Point-in-time
Accrued lease origination costs, including $0 and $50,000 due to a related party, respectively	`LoanOrginationCostsCurrent`	-	USD	Point-in-time
Accrued lease origination costs, including $0 and $50,000 due to a related party, respectively	`LoanOrginationCostsCurrent`	$150.00K	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedStockAwardDueToExecutiveOfficer`	-	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedStockAwardDueToExecutiveOfficer`	$525.00K	USD	Point-in-time
Current portion of lease payable (Note 5)	`CapitalLeaseObligationsCurrent`	$60.71K	USD	Point-in-time
Current portion of lease payable (Note 5)	`CapitalLeaseObligationsCurrent`	$48.65K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$844.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$237.19K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	$101.35K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	$89.29K	USD	Point-in-time
Total Liabilities	`Liabilities`	$945.72K	USD	Point-in-time
Total Liabilities	`Liabilities`	$326.48K	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, 15,047,500 and 13,997,500 issued and outstanding as of December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$1.40K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 15,047,500 and 13,997,500 issued and outstanding as of December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$1.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$30.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.54M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$789.09K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$399.05K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.12M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$192.56K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$77.75K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$766.00	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$179.84K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$103.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$98.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$162.84K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$472.14K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$344.22K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-344.22K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-472.14K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$77.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$230.00	USD	1 Quarter
Interest Expense	`InterestAndDebtExpense`	$4.17K	USD	1 Quarter
Interest Expense	`InterestAndDebtExpense`	-	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$230.00	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-4.10K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-348.31K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-471.91K	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-111.08K	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-348.31K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-582.99K	USD	1 Quarter
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	1 Quarter
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.04	USD	1 Quarter
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.17M	shares	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.04M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-348.31K	USD	1 Quarter
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-471.91K	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-111.08K	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Share based compensation - stock options	`StockOptionPlanExpense`	$63.36K	USD	1 Quarter
Share based compensation - stock options	`StockOptionPlanExpense`	$86.53K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.43K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$60.04K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.59K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.61K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.85K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.58K	USD	1 Quarter
Increase (decrease) in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$24.18K	USD	1 Quarter
Increase (decrease) in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$-4.59K	USD	1 Quarter
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-382.00	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-478.54K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.57K	USD	1 Quarter
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.75K	USD	1 Quarter
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Deposit on equipment	`DepositOnEquipment`	$-100.00K	USD	1 Quarter
Deposit on equipment	`DepositOnEquipment`	-	USD	1 Quarter
Security deposit	`SecurityDepositOnCreditCards`	$72.00	USD	1 Quarter
Security deposit	`SecurityDepositOnCreditCards`	$47.00	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.82K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.05K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-578.59K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-170.39K	USD	1 Quarter
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$21.65K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$21.65K	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance Begining	`StockholdersEquity`	$789.09K	USD	Point-in-time
Balance Begining	`StockholdersEquity`	$399.05K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$675.00K	USD	1 Quarter
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.36K	USD	1 Quarter
Net loss for the three months ended December 31, 2014	`NetIncomeLoss`	$-348.31K	USD	1 Quarter
Net loss for the three months ended December 31, 2014	`NetIncomeLoss`	$-582.99K	USD	1 Quarter
Balance Ending	`StockholdersEquity`	$789.09K	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$399.05K	USD	Point-in-time

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