10-Q Filing

NEXT FUEL, INC. CIK: 1422949 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-000850`
Period End Date	20131231
Filing Date	20140214
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	nxfi-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 36 Cash Flow Statement 40 Stockholders Equity 7

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.02M	USD	Point-in-time
Cash	`Cash`	$443.35K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$15.29K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.68K	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	-	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	$75.12K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$528.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$19.40K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$17.98K	USD	Point-in-time
Deposits	`DepositsAssets`	$100.00K	USD	Point-in-time
Deposits	`DepositsAssets`	$100.00K	USD	Point-in-time
Intangibles (Note 2(B))	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangibles (Note 2(B))	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	$75.07K	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$646.12K	USD	Point-in-time
Total Assets	`Assets`	$1.13M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$50.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$66.29K	USD	Point-in-time
Accounts payable - related party	`DueToRelatedPartiesCurrent`	$17.59K	USD	Point-in-time
Accounts payable - related party	`DueToRelatedPartiesCurrent`	$13.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$79.29K	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.41K	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, 11,172,500 and 11,172,500 issued and outstanding, respectively	`CommonStockValue`	$1.12K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 11,172,500 and 11,172,500 issued and outstanding, respectively	`CommonStockValue`	$1.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.06M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$566.84K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$646.12K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Contract Income	`ContractsRevenue`	$20.00K	USD	1 Quarter
Contract Income	`ContractsRevenue`	-	USD	1 Quarter
License Fee Income	`LicenseAndServicesRevenue`	-	USD	1 Quarter
License Fee Income	`LicenseAndServicesRevenue`	$25.00K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$45.00K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$77.93K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	-	USD	1 Quarter
Gross Profit (Loss)	`GrossProfit`	$-32.93K	USD	1 Quarter
Gross Profit (Loss)	`GrossProfit`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$190.28K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$193.15K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$766.00	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$5.44K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$218.62K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$251.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$137.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$305.28K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$583.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$719.63K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-583.22K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-752.56K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$230.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$1.19K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$1.19K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$230.00	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-582.99K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-751.37K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-751.37K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-582.99K	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.17M	shares	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.97M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-751.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-582.99K	USD	1 Quarter
Common stock issued for services	`ShareBasedCompensation`	$44.85K	USD	1 Quarter
Common stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Compensation expense on stock options	`StockOptionPlanExpense`	$86.53K	USD	1 Quarter
Compensation expense on stock options	`StockOptionPlanExpense`	$57.18K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.57K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.43K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$40.00K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$17.63K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.61K	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Increase in inventory	`IncreaseDecreaseInInventories`	$43.39K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.47K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$140.58K	USD	1 Quarter
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$-4.59K	USD	1 Quarter
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$-4.07K	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-25.00K	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-557.28K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-478.54K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$536.00	USD	1 Quarter
Deposit on equipment	`DepositOnEquipment`	$100.00K	USD	1 Quarter
Deposit on equipment	`DepositOnEquipment`	-	USD	1 Quarter
Security deposit	`SecurityDepositOnCreditCards`	$47.00	USD	1 Quarter
Security deposit	`SecurityDepositOnCreditCards`	$75.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.05K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.54K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-578.59K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-632.82K	USD	1 Quarter
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.06M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$566.84K	USD	Point-in-time
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$86.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-751.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-582.99K	USD	1 Quarter
Balance, December 31, 2013	`StockholdersEquity`	$1.06M	USD	Point-in-time
Balance, December 31, 2013	`StockholdersEquity`	$566.84K	USD	Point-in-time

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