10-K/A Filing

NEXT FUEL, INC. CIK: 1422949 FY 2013

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-14-001575`
Period End Date	20130930
Filing Date	20140321
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	nxfi-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 44 Cash Flow Statement 44 Stockholders Equity 15

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.02M	USD	Point-in-time
Cash	`Cash`	$3.11M	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$96.94K	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$15.29K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$31.46K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$23.20K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$19.40K	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`	-	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	$75.07K	USD	Point-in-time
Total Assets	`Assets`	$1.13M	USD	Point-in-time
Total Assets	`Assets`	$3.26M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$65.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.59K	USD	Point-in-time
Accounts payable - related party	`DueToRelatedPartiesCurrent`	$2.59K	USD	Point-in-time
Accounts payable - related party	`DueToRelatedPartiesCurrent`	$4.93K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$50.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$108.52K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`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 10,972,500 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 10,972,500 issued and outstanding, respectively	`CommonStockValue`	$1.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.06M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.26M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$193.23K	USD	Annual
Sales	`SalesRevenueGoodsNet`	$45.56K	USD	Annual
Contract Income	`ContractsRevenue`	$60.00K	USD	Annual
Contract Income	`ContractsRevenue`	$20.00K	USD	Annual
License Fee Income	`LicenseAndServicesRevenue`	$50.00K	USD	Annual
License Fee Income	`LicenseAndServicesRevenue`	$50.00K	USD	Annual
Consulting Income	`RevenueOtherFinancialServices`	-	USD	Annual
Consulting Income	`RevenueOtherFinancialServices`	$40.00K	USD	Annual
Total Revenues	`SalesRevenueNet`	$115.56K	USD	Annual
Total Revenues	`SalesRevenueNet`	$343.23K	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$206.33K	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$267.70K	USD	Annual
Gross Profit (Loss)	`GrossProfit`	$-152.14K	USD	Annual
Gross Profit (Loss)	`GrossProfit`	$136.90K	USD	Annual
Professional fees	`ProfessionalFees`	$592.50K	USD	Annual
Professional fees	`ProfessionalFees`	$425.29K	USD	Annual
Research and development costs	`ResearchAndDevelopmentExpense`	$51.19K	USD	Annual
Research and development costs	`ResearchAndDevelopmentExpense`	$68.84K	USD	Annual
Salary Expense	`SalariesAndWages`	$1.19M	USD	Annual
Salary Expense	`SalariesAndWages`	$984.84K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$842.69K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$937.06K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.49M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.61M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.76M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.35M	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$4.48K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$3.06K	USD	Annual
Interest Expense	`InterestExpense`	$60.00	USD	Annual
Interest Expense	`InterestExpense`	-	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$4.42K	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$3.06K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.76M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.35M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.35M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.76M	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	3 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.19M	shares	Annual
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.08M	shares	Annual
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.92M	shares	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-2.35M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.76M	USD	Annual
Common stock issued for services	`ShareBasedCompensation`	$44.85K	USD	Annual
Common stock issued for services	`ShareBasedCompensation`	$57.23K	USD	Annual
Compensation expense on stock options	`StockOptionPlanExpense`	$570.07K	USD	Annual
Compensation expense on stock options	`StockOptionPlanExpense`	$415.75K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.21K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$5.95K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.94K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-96.94K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.17K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.59K	USD	Annual
Decrease in employee advances	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Decrease in employee advances	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.58K	USD	Annual
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.23K	USD	Annual
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-113.20K	USD	Annual
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$-2.34K	USD	Annual
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$3.95K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-50.00K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$10.00K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.06M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.06M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.94K	USD	Annual
Security deposit	`SecurityDepositOnCreditCards`	$75.07K	USD	Annual
Security deposit	`SecurityDepositOnCreditCards`	-	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.94K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.21K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.07M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.50K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$55.50K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.07M	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.09M	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$989.48K	USD	Annual
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.12M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.12M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$60.00	USD	Annual
Cancelation of treasury shares	`ForfietureOfTreasuryShares`	$93.00K	USD	Annual
Cancelation of treasury shares	`ForfietureOfTreasuryShares`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$3.15M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.06M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.95M	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$44.85K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$57.23K	USD	Annual
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$415.75K	USD	Annual
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$570.07K	USD	Annual
Exercise of warrants	`StockholdersEquityOther`	$55.50K	USD	Annual
Exercise of warrants	`StockholdersEquityOther`	$85.00K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$2.99M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.35M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.76M	USD	Annual
Balance, September 30	`StockholdersEquity`	$3.15M	USD	Point-in-time
Balance, September 30	`StockholdersEquity`	$1.06M	USD	Point-in-time
Balance, September 30	`StockholdersEquity`	$1.95M	USD	Point-in-time

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