10-K Filing

BNB PLUS CORP. CIK: 744452 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-18-065023`
Period End Date	20180930
Filing Date	20181218
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	apdn-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 29 Cash Flow Statement 46 Stockholders Equity 17

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.00K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.13K	USD	Point-in-time
Accounts payable and accrued liabilities, related parties (in dollars)	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$5.84K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Convertible notes payable, related parties (in dollars)	`NotesPayableRelatedPartiesNoncurrent`	$1.14M	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 $13,133 and $10,000 at September 30, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$1.49M	USD	Point-in-time
Accounts receivable, net of allowance of $13,133 and $10,000 at September 30, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$2.59M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$221.37K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$326.47K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$635.17K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$366.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.24M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$419.77K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$523.69K	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
Deposits	`DepositsAssetsNoncurrent`	$61.63K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$62.33K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.04M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$864.20K	USD	Point-in-time
Total Assets	`Assets`	$5.63M	USD	Point-in-time
Total Assets	`Assets`	$8.15M	USD	Point-in-time
Accounts payable and accrued liabilities (including related party of $5,844 at September 30, 2018)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$944.13K	USD	Point-in-time
Accounts payable and accrued liabilities (including related party of $5,844 at September 30, 2018)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$965.17K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.86M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$351.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Long term accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$470.74K	USD	Point-in-time
Secured convertible notes payable, net of debt issuance costs (including related party of $1,139,490 at September 30, 2018)	`ConvertibleLongTermNotesPayable`	$1.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized; 30,112,057 and 27,377,057 shares issued and outstanding as of September 30, 2018 and 2017, respectively	`CommonStockValue`	$30.11K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized; 30,112,057 and 27,377,057 shares issued and outstanding as of September 30, 2018 and 2017, respectively	`CommonStockValue`	$27.38K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$243.50M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$249.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-248.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-236.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$754.50K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.63M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.15M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Interest (expense) income, related party interest	`InterestIncomeRelatedParty`	$5.84K	USD	Annual
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.90M	USD	Annual
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.75M	USD	Annual
Cost of revenues	`CostOfRevenue`	$1.08M	USD	Annual
Cost of revenues	`CostOfRevenue`	$1.21M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.32M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.04M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.75M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.28M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$887.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$547.80K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.34M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.82M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-11.65M	USD	Annual
Interest (expense) income, net (including related party interest of $5,844 for the year ended September 30, 2018)	`InterestIncomeExpenseNet`	$-9.62K	USD	Annual
Interest (expense) income, net (including related party interest of $5,844 for the year ended September 30, 2018)	`InterestIncomeExpenseNet`	$2.76K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-38.39K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-37.01K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.86M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.69M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.86M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-11.69M	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.40	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.49	USD	Annual
Weighted average shares outstanding-basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.38M	shares	Annual
Weighted average shares outstanding-basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.50M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Senior convertible promissory notes, related party	`ProceedsFromRelatedPartyDebt`	$1.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.86M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.69M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$633.33K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$547.80K	USD	Annual
Impairment expense	`AssetImpairmentCharges`	$253.98K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$1.36M	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$3.26M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.48K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$423.92K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$20.55K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.08M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.08M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$28.71K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-105.10K	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$268.92K	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$167.45K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$426.92K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-610.50K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.50M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.47M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.48M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.92M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$266.01K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.44K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-266.01K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-145.44K	USD	Annual
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$6.11M	USD	Annual
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$4.23M	USD	Annual
Net proceeds from secured convertible promissory notes (including related party of $1,185,000 for the year ended September 30, 2018)	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.65M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.11M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.88M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.30M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.52M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash paid during year for interest	`InterestPaid`	-	USD	Annual
Cash paid during year for interest	`InterestPaid`	-	USD	Annual
Cash paid during year for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during year for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Debt issuance costs included in accounts payable and accrued liabilities	`DebtIssuanceCostsIncludedInAccountsPayableAndAccruedLiabilities`	$64.85K	USD	Annual
Reclassification of deferred offering costs to additional paid in capital	`ReclassificationOfDeferredOfferingCostToAdditionalPaidInCapital`	$13.99K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$754.50K	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	27.38M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Common stock issued for consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.77M	USD	Annual
Shares issued in underwritten public offerings, net of offering costs	`SharesIssuedInUnderwrittenPublicOfferings`	$4.32M	USD	Annual
Common stock issued in private placement, net of offering costs	`SharesIssuedInUnderwrittenPrivatePlacement`	$4.23M	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.26M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.86M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.69M	USD	Annual
Balance	`StockholdersEquity`	$6.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$754.50K	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	27.38M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time

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