10-Q Filing

BNB PLUS CORP. CIK: 744452 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001571049-14-003875`
Period End Date	20140630
Filing Date	20140811
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	apdn-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 54 Cash Flow Statement 58

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$62.41K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$36.76K	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntellectualPropertyIntangibleAssetsAccumulatedAmortizationAndWriteoff`	$163.40K	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntellectualPropertyIntangibleAssetsAccumulatedAmortizationAndWriteoff`	$232.75K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$724.78K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowance of $36,757 and $62,415 at June 30, 2014 and September 30, 2013, respectively	`AccountsReceivableNetCurrent`	$518.27K	USD	Point-in-time
Accounts receivable, net of allowance of $36,757 and $62,415 at June 30, 2014 and September 30, 2013, respectively	`AccountsReceivableNetCurrent`	$672.64K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$174.10K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$170.79K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.21M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$649.42K	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, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$696.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Deposits	`DepositAssets`	$51.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	786.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	827.33M	shares	Point-in-time
Deposits	`DepositAssets`	$55.49K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	786.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	827.33M	shares	Point-in-time
Intellectual property, net of accumulated amortization and impairment of $232,751 and $163,403 at June 30, 2014 and September 30, 2013, respectively	`FiniteLivedIntangibleAssetsNet`	$351.33K	USD	Point-in-time
Intellectual property, net of accumulated amortization and impairment of $232,751 and $163,403 at June 30, 2014 and September 30, 2013, respectively	`FiniteLivedIntangibleAssetsNet`	$420.68K	USD	Point-in-time
Total Assets	`Assets`	$8.37M	USD	Point-in-time
Total Assets	`Assets`	$3.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$966.98K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.26M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$148.50K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$348.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$2.64M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$1.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.46M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, value, issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value, issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 1,350,000,000 shares authorized; 827,332,292 and 786,526,955 shares issued and outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValueOutstanding`	$786.53K	USD	Point-in-time
Common stock, par value $0.001 per share; 1,350,000,000 shares authorized; 827,332,292 and 786,526,955 shares issued and outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValueOutstanding`	$827.33K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$190.52M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$197.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-197.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$311.23K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.37M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$644.84K	USD	1 Quarter
Revenues	`SalesRevenueNet`	$2.08M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$1.31M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$841.20K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.24M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.52M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.95M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.09M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$266.33K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.09M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$184.98K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$509.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$325.45K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$62.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$113.42K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$105.11K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.13M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.50M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.82M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.84M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-9.43M	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$111.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$333.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$784.00	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$738.00	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$52.30K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$130.19K	USD	3 Qtrs
Gain (loss) on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$707.29K	USD	1 Quarter
Gain (loss) on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-1.66M	USD	3 Qtrs
Gain (loss) on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-6.15M	USD	3 Qtrs
Gain (loss) on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$515.54K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.96M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.92M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.14M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.97M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.14M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-10.96M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-13.97M	USD	3 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.02	USD	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	721.14M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	683.71M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	814.16M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	804.03M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.14M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-13.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.45K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$105.11K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$1.67M	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$1.33M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$707.29K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-1.66M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-6.15M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$515.54K	USD	1 Quarter
Fair value change from employee option modification	`ChangeInFairValueOfStockOptions`	$408.61K	USD	3 Qtrs
Fair value change from employee option modification	`ChangeInFairValueOfStockOptions`	$43.40K	USD	3 Qtrs
Fair value of vested warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$28.26K	USD	3 Qtrs
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$337.50K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$16.88K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$70.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$360.66K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-137.49K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$924.00	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$76.51K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$292.46K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$616.07K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$200.12K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.27M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.70M	USD	3 Qtrs
Purchase of assets under RedWeb asset purchase agreement	`PaymentsToAcquireProductiveAssets`	$584.08K	USD	3 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$213.49K	USD	3 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.52K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-209.52K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-797.57K	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.00M	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.15M	USD	3 Qtrs
Proceeds from sale of Series A preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.50M	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$150.00K	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$1.50K	USD	3 Qtrs
Purchase and cancellation of previously issued warrants	`PurchaseAndCancellationOfPreviouslyIssuedWarrants`	$50.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.15M	USD	3 Qtrs
Net (decrease)increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.33M	USD	3 Qtrs
Net (decrease)increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$724.78K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$724.78K	USD	Point-in-time
Cash paid during period for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during period for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during period for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during period for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for cashless exercise of options and warrants	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$19.57K	USD	3 Qtrs
Reclassification of warrants from liability to equity upon exercise	`ReclassificationOfWarrantsFromLiabilityToEquityUponExercise`	$2.46M	USD	3 Qtrs
Reclassification of warrants from liability to equity upon exercise	`ReclassificationOfWarrantsFromLiabilityToEquityUponExercise`	$7.33M	USD	3 Qtrs
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$325.40K	USD	3 Qtrs

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