10-Q Filing

BNB PLUS CORP. CIK: 744452 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-042045`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	apdn-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 64 Cash Flow Statement 54

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$32.97K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$37.77K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.26M	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$423.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$607.05K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $37,773 and $32,965 at June 30, 2017 and September 30, 2016, respectively	`AccountsReceivableNetCurrent`	$4.75M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $37,773 and $32,965 at June 30, 2017 and September 30, 2016, respectively	`AccountsReceivableNetCurrent`	$6.37M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Stock subscriptions receivable	`StockSubscriptionsReceivableCurrentAssets`	$505.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$297.76K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$376.52K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$113.23K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$200.01K	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
Total current assets	`AssetsCurrent`	$11.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,565,153 at June 30, 2017 and $1,263,200 at September 30, 2016	`PropertyPlantAndEquipmentNet`	$792.50K	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,565,153 at June 30, 2017 and $1,263,200 at September 30, 2016	`PropertyPlantAndEquipmentNet`	$589.66K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.38M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.08M	shares	Point-in-time
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$1.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.38M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.63K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.13K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$13.99K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Intangible assets, net of accumulated amortization of $607,047 and $423,649 at June 30, 2017 and September 30, 2016, respectively	`FiniteLivedIntangibleAssetsNet`	$1.53M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $607,047 and $423,649 at June 30, 2017 and September 30, 2016, respectively	`FiniteLivedIntangibleAssetsNet`	$1.34M	USD	Point-in-time
Total Assets	`Assets`	$10.42M	USD	Point-in-time
Total Assets	`Assets`	$15.57M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.73M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$674.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.08M	USD	Point-in-time
Long term accounts payable	`AccountsPayableNoncurrent`	$215.50K	USD	Point-in-time
Long term deferred revenue	`DeferredRevenueNoncurrent`	$900.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.40M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; -0- shares issued and outstanding as of June 30, 2017 and September 30, 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; -0- shares issued and outstanding as of June 30, 2017 and September 30, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized at June 30, 2017 and September 30, 2016; 27,377,057 and 24,078,756 shares issued and outstanding as of June 30, 2017 and September 30, 2016, respectively	`CommonStockValue`	$24.08K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized at June 30, 2017 and September 30, 2016; 27,377,057 and 24,078,756 shares issued and outstanding as of June 30, 2017 and September 30, 2016, respectively	`CommonStockValue`	$27.38K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$242.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$234.16M	USD	Point-in-time
Stock subscription receivable	`StockSubscriptionReceivable`	$-1.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-223.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-233.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.42M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.57M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Product revenues	`SalesRevenueGoodsNet`	$2.89M	USD	3 Qtrs
Product revenues	`SalesRevenueGoodsNet`	$1.49M	USD	1 Quarter
Product revenues	`SalesRevenueGoodsNet`	$295.87K	USD	1 Quarter
Product revenues	`SalesRevenueGoodsNet`	$1.17M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$357.03K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$1.38M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$303.93K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$718.71K	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$2.55M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$652.90K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$3.61M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$1.80M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$180.56K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$735.69K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$232.35K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$804.55K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.53M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.19M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.86M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$603.10K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$168.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$557.97K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$161.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$486.79K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.89M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.78M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.17M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-9.98M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-9.79M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.60M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.42M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$2.66K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$9.57K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$2.76K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$228.00	USD	1 Quarter
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$-26.56K	USD	3 Qtrs
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$-8.76K	USD	1 Quarter
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$52.67K	USD	1 Quarter
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$19.61K	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.00M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.76M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.37M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.61M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-10.00M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-9.76M	USD	3 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.41	USD	3 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	3 Qtrs
Weighted average shares outstanding-Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.37M	shares	1 Quarter
Weighted average shares outstanding-Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.05M	shares	3 Qtrs
Weighted average shares outstanding-Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.08M	shares	1 Quarter
Weighted average shares outstanding-Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.56M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.76M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$486.79K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$557.97K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$566.38K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$515.50K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.44M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.56M	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.52K	USD	3 Qtrs
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$78.13K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$368.17K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$106.25K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.96K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$136.78K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$78.76K	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-86.27K	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-107.34K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-589.71K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-418.69K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$566.73K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.15M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.57M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.45M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$5.50K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.31K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$594.81K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$43.35K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-632.66K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-111.31K	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.85M	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$4.60M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$4.41K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.86M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.60M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-225.41K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.08M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash paid during period for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during period for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued in exchange for subscriptions receivable	`CommonStockIssuedInExchangeForSubscriptionsReceivable`	$1.50M	USD	3 Qtrs
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$13.99K	USD	3 Qtrs
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredIncludedInAccountsPayable`	$60.47K	USD	3 Qtrs

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