10-Q Filing

NEXT FUEL, INC. CIK: 1422949 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-005874`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	nxfi-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 64 Cash Flow Statement 57 Stockholders Equity 12

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$16.72K	USD	Point-in-time
Cash	`Cash`	$1.02M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$12.11K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$15.29K	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	-	USD	Point-in-time
Security Deposit	`DepositsAssetsCurrent`	$75.26K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$104.08K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$615.17K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$19.40K	USD	Point-in-time
Intangibles (Notes 1(G) and 2(B))	`FiniteLivedIntangibleAssetsNet`	$300.00K	USD	Point-in-time
Intangibles (Notes 1(G) and 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`	$1.02M	USD	Point-in-time
Total Assets	`Assets`	$1.13M	USD	Point-in-time
Accounts payable and accrued expenses- current operations	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.63K	USD	Point-in-time
Accounts payable and accrued expenses- current operations	`AccountsPayableAndAccruedLiabilitiesCurrent`	$50.79K	USD	Point-in-time
Accounts payable and accrued expenses -discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayable`	-	USD	Point-in-time
Accounts payable and accrued expenses -discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsPayable`	$23.18K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$24.43K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`DueToRelatedPartiesCurrent`	$17.59K	USD	Point-in-time
Short term notes payable (Note 5)	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Short term notes payable (Note 5)	`ShortTermBankLoansAndNotesPayable`	$800.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$875.22K	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, 12,797,500 and 11,172,500 issued as of June 30, 2014 and September 30, 2013, respectively, and 12,197,500 and 11,172,500 shares outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$1.22K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized, 12,797,500 and 11,172,500 issued as of June 30, 2014 and September 30, 2013, respectively, and 12,197,500 and 11,172,500 shares outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$1.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$144.03K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.06M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$46.57K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.51M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$363.20K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$2.28M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$1.56K	USD	3 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$797.00	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$3.17K	USD	3 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$1.38K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$179.84K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$89.45K	USD	1 Quarter
Salary Expense	`SalariesAndWages`	$656.58K	USD	3 Qtrs
Salary Expense	`SalariesAndWages`	$444.48K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$103.94K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$582.16K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$433.05K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$61.97K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.43M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.54M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$331.74K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.46M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-3.54M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.46M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-331.74K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-2.43M	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$88.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$666.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$2.69K	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$455.00	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$666.00	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$2.69K	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$455.00	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$88.00	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.43M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.45M	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-331.07K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.54M	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-234.85K	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-674.37K	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-565.92K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.69M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.13M	USD	3 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.22	USD	1 Quarter
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	1 Quarter
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.32	USD	3 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.13	USD	3 Qtrs
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	1 Quarter
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	3 Qtrs
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.06	USD	3 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	3 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	3 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.88M	shares	1 Quarter
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.05M	shares	3 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.98M	shares	3 Qtrs
Weighted average number of shares outstanding during the year - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.17M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Loss from Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.43M	USD	1 Quarter
Net Loss from Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.45M	USD	3 Qtrs
Net Loss from Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-331.07K	USD	1 Quarter
Net Loss from Continuing Operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.54M	USD	3 Qtrs
Net Loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-234.85K	USD	1 Quarter
Net Loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-674.37K	USD	3 Qtrs
Net Loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Net Loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-146.87K	USD	3 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$44.85K	USD	3 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$2.17M	USD	3 Qtrs
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$260.44K	USD	3 Qtrs
Compensation expense on stock options	`StockOptionPlanExpense`	$483.55K	USD	3 Qtrs
Compensation expense on stock options	`StockOptionPlanExpense`	$339.62K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.23K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.52K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-96.94K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.68K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.19K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.95K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.00	USD	3 Qtrs
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$6.84K	USD	3 Qtrs
(Decrease) increase in accounts payable - related parties	`ProceedsFromRelatedPartyDebt`	$135.00	USD	3 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-50.00K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-905.03K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.50M	USD	3 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15K	USD	3 Qtrs
Deposit on equipment	`DepositOnEquipment`	$100.00K	USD	3 Qtrs
Deposit on equipment	`DepositOnEquipment`	-	USD	3 Qtrs
Security deposit	`SecurityDepositOnCreditCards`	$75.03K	USD	3 Qtrs
Security deposit	`SecurityDepositOnCreditCards`	$188.00	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.18K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.19K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.50K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$55.50K	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.01M	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.52M	USD	3 Qtrs
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$16.72K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash at Beginning of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$16.72K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$443.35K	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$3.11M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash at End of Year/Period	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$144.03K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.06M	USD	Point-in-time
Share based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$339.62K	USD	3 Qtrs
Cancelation of common stock	`CommonStockValueCancelled`	-	USD	3 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.22M	USD	3 Qtrs
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$260.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-565.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.13M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$144.03K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.06M	USD	Point-in-time

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