10-Q Filing

BNB PLUS CORP. CIK: 744452 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-005587`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	apdn-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 47 Stockholders Equity 13

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.50K	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
Accounts payable and accrued liabilities, related parties (in dollars)	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$20.24K	USD	Point-in-time
Convertible notes payable, related parties (in dollars)	`NotesPayableRelatedPartiesNoncurrent`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Convertible notes payable, related parties (in dollars)	`NotesPayableRelatedPartiesNoncurrent`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Accounts receivable, net of allowance of $4,500 and $13,133 at December 31, 2018 and September 30, 2018, respectively	`AccountsReceivableNetCurrent`	$614.76K	USD	Point-in-time
Accounts receivable, net of allowance of $4,500 and $13,133 at December 31, 2018 and September 30, 2018, respectively	`AccountsReceivableNetCurrent`	$1.49M	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`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$221.37K	USD	Point-in-time
Inventories	`InventoryNet`	$225.29K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$622.16K	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$635.17K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.60M	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`	$4.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$369.13K	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`	30.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.61M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$62.33K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$62.36K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.61M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$864.20K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$831.85K	USD	Point-in-time
Total Assets	`Assets`	$5.63M	USD	Point-in-time
Total Assets	`Assets`	$6.15M	USD	Point-in-time
Accounts payable and accrued liabilities (including related party interest of $20,244 and $5,844 at December 31, 2018 and September 30, 2018, respectively)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.36M	USD	Point-in-time
Accounts payable and accrued liabilities (including related party interest of $20,244 and $5,844 at December 31, 2018 and September 30, 2018, respectively)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$965.17K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.38M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.73M	USD	Point-in-time
Long term accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$470.74K	USD	Point-in-time
Long term accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$508.43K	USD	Point-in-time
Secured convertible notes payable, net of debt issuance costs (including related party interest of $1,142,716 and $1,139,490 at December 31, 2018 and September 30, 2018, respectively)	`ConvertibleLongTermNotesPayable`	$1.59M	USD	Point-in-time
Secured convertible notes payable, net of debt issuance costs (including related party interest of $1,142,716 and $1,139,490 at December 31, 2018 and September 30, 2018, respectively)	`ConvertibleLongTermNotesPayable`	$2.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.88M	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; 35,612,057 and 30,112,057 shares issued and outstanding as of December 31, 2018 and September 30, 2018, respectively	`CommonStockValue`	$35.61K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized; 35,612,057 and 30,112,057 shares issued and outstanding as of December 31, 2018 and September 30, 2018, respectively	`CommonStockValue`	$30.11K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$251.84M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$249.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-251.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-248.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$754.50K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$766.02K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.63M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.15M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Interest (expense) income, related party interest	`InterestIncomeRelatedParty`	$23.47K	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$647.68K	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$884.32K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$331.44K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$153.49K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$709.56K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$740.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$157.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$135.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.93M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.17M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.20M	USD	1 Quarter
Interest (expense) income, net (including related party interest of $23,470 for the three month period ended December 31, 2018)	`InterestIncomeExpenseNet`	$-31.61K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-9.08K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-6.55K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.18M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.23M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Weighted average shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.47M	shares	1 Quarter
Weighted average shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.67M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$157.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$135.05K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$490.24K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$231.11K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$4.49K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-8.63K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-432.23K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-879.81K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.92K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.38K	USD	1 Quarter
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$173.92K	USD	1 Quarter
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.31K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$198.71K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.74K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenues`	$-8.78K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenues`	$18.58K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.51M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.57M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.35K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.05K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.05K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.35K	USD	1 Quarter
Net proceeds from secured convertible promissory notes, related parties	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$550.00K	USD	1 Quarter
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$2.49M	USD	1 Quarter
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$4.43M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.43M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash paid during period for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during period for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Property and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredAndIncludedInAccountsPayable`	$30.25K	USD	1 Quarter
Impact of adoption of new accounting pronouncements included in accumulated deficit	`ImpactOfAdoptionOfNewAccountingPronouncementsIncludedInAccumulatedDeficitNonCashFinancingActivities`	$493.22K	USD	1 Quarter
Offering costs incurred, and included in accounts payable	`OfferingCostsIncurredAndIncludedInAccountsPayable`	$231.52K	USD	1 Quarter
Offering costs incurred, and included in accounts payable	`OfferingCostsIncurredAndIncludedInAccountsPayable`	$192.89K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$754.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$766.02K	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	35.61M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Common stock issued in public offering, net of offering costs	`SharesIssuedInUnderwrittenPrivatePlacement`	$2.26M	USD	1 Quarter
Impact of adoption of new accounting pronouncements included in accumulated deficit	`ImpactOfAdoptionOfNewAccountingPronouncementsIncludedInAccumulatedDeficit`	$493.22K	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$490.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Balance	`StockholdersEquity`	$754.50K	USD	Point-in-time
Balance	`StockholdersEquity`	$766.02K	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	35.61M	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.