10-Q Filing

NEXT FUEL, INC. CIK: 1422949 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-038912`
Period End Date	20150331
Filing Date	20150624
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	nxfi-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 64 Cash Flow Statement 44 Stockholders Equity 11

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Loan origination costs due to related parties	`LoanOrginationCostsDueToRelatedParties`	-	USD	Point-in-time
Loan origination costs due to related parties	`LoanOrginationCostsDueToRelatedParties`	$50.00K	USD	Point-in-time
Cash	`Cash`	$26.13K	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$12.02K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.30K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	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`	$75.45K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$107.88K	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
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`	$563.19K	USD	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`IntangibleAssetsNetExcludingGoodwill`	$295.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`IntangibleAssetsNetExcludingGoodwill`	$265.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.35M	shares	Point-in-time
Lease Acquisition Costs, net	`DeferredCostsLeasingNet`	$120.83K	USD	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
Common stock, shares issued	`CommonStockSharesIssued`	25,000.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Total Assets	`Assets`	$1.34M	USD	Point-in-time
Total Assets	`Assets`	$1.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$88.61K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$150.14K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$89.06K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$32.10K	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 lease origination costs, including $0 and $50,000 due to a related party, respectively	`LoanOrginationCostsCurrent`	-	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedBonusesCurrent`	-	USD	Point-in-time
Accrued stock award due to an executive officer	`AccruedBonusesCurrent`	$525.00K	USD	Point-in-time
Current portion of lease payable (Note 5)	`CapitalLeaseObligationsCurrent`	$73.10K	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`	$312.30K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	$101.35K	USD	Point-in-time
Lease Payable (Note 5)	`CapitalLeaseObligationsNoncurrent`	$76.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$945.72K	USD	Point-in-time
Total Liabilities	`Liabilities`	$389.20K	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, 15,347,500 and 13,997,500 issued and outstanding as of March 31, 2015 and September 30, 2014, respectively	`CommonStockValue`	$1.53K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 15,347,500 and 13,997,500 issued and outstanding as of March 31, 2015 and September 30, 2014, respectively	`CommonStockValue`	$1.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$30.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.00M	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`	$667.71K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.06M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$219.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$296.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$44.65K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$237.22K	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$766.00	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$197.35K	USD	2 Qtrs
Salary Expense	`SalariesAndWages`	$93.71K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$175.19K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$355.03K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$308.06K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$520.20K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$145.22K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$421.24K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$641.08K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$457.98K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$802.20K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.11M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-457.98K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-802.20K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.11M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-641.08K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$29.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$136.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$107.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$367.00	USD	2 Qtrs
Interest Expense	`InterestAndDebtExpense`	-	USD	2 Qtrs
Interest Expense	`InterestAndDebtExpense`	$8.27K	USD	2 Qtrs
Interest Expense	`InterestAndDebtExpense`	$4.10K	USD	1 Quarter
Interest Expense	`InterestAndDebtExpense`	-	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$367.00	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-8.16K	USD	2 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-4.07K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$136.00	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.11M	USD	2 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-640.94K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-462.05K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-810.36K	USD	2 Qtrs
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-35.79K	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	2 Qtrs
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	2 Qtrs
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-810.36K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-462.05K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-676.73K	USD	1 Quarter
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.10	USD	2 Qtrs
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	1 Quarter
Continuing Operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	2 Qtrs
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net Loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.19M	shares	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.11M	shares	2 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.03M	shares	2 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.88M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.11M	USD	2 Qtrs
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-640.94K	USD	1 Quarter
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-462.05K	USD	1 Quarter
Net Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-810.36K	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-35.79K	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Share based compensation - stock options	`StockOptionPlanExpense`	$279.02K	USD	2 Qtrs
Share based compensation - stock options	`StockOptionPlanExpense`	$161.97K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$120.07K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.85K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.53K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.72K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.53K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.07K	USD	2 Qtrs
Increase (decrease) in accounts payable - related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$56.95K	USD	2 Qtrs
Increase (decrease) in accounts payable - related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$302.72K	USD	2 Qtrs
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Cash flows from operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-8.19K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-811.89K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-287.06K	USD	2 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.75K	USD	2 Qtrs
Deposit on equipment	`DepositOnEquipment`	-	USD	2 Qtrs
Deposit on equipment	`DepositOnEquipment`	$-100.00K	USD	2 Qtrs
Security deposit	`SecurityDepositOnCreditCards`	$100.00	USD	2 Qtrs
Security deposit	`SecurityDepositOnCreditCards`	$112.00	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.11K	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.85K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$125.00K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$125.00K	USD	2 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-165.91K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-912.00K	USD	2 Qtrs
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$26.13K	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`	$109.94K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$26.13K	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`	$109.94K	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance Begining	`StockholdersEquity`	$399.05K	USD	Point-in-time
Balance Begining	`StockholdersEquity`	$667.71K	USD	Point-in-time
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$279.02K	USD	2 Qtrs
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$125.00K	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$675.00K	USD	2 Qtrs
Net loss for the six months ended March 31, 2015	`NetIncomeLoss`	$-810.36K	USD	2 Qtrs
Net loss for the six months ended March 31, 2015	`NetIncomeLoss`	$-462.05K	USD	1 Quarter
Net loss for the six months ended March 31, 2015	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net loss for the six months ended March 31, 2015	`NetIncomeLoss`	$-676.73K	USD	1 Quarter
Balance Ending	`StockholdersEquity`	$399.05K	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$667.71K	USD	Point-in-time

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