10-Q Filing

BNB PLUS CORP. CIK: 744452 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-000897`
Period End Date	20141231
Filing Date	20150209
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	apdn-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 29 Cash Flow Statement 47

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.63K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.26K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$845.36K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$759.09K	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$256.21K	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$279.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Accounts receivable, net of allowance of $11,257 and $9,634 at December 31, 2014 and September 30, 2014, respectively	`AccountsReceivableNetCurrent`	$834.82K	USD	Point-in-time
Related party accrued interest (in dollars)	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$6.60K	USD	Point-in-time
Accounts receivable, net of allowance of $11,257 and $9,634 at December 31, 2014 and September 30, 2014, respectively	`AccountsReceivableNetCurrent`	$1.11M	USD	Point-in-time
Promissory note issued to related party (in dollars)	`DebtInstrumentFaceAmount`	$1.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$149.12K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$135.37K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.36M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $845,357 at December 31, 2014 and $759,087 at September 30, 2014	`PropertyPlantAndEquipmentNet`	$576.13K	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $845,357 at December 31, 2014 and $759,087 at September 30, 2014	`PropertyPlantAndEquipmentNet`	$520.68K	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 issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.99K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$57.64K	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
Deferred offering costs	`DeferredCosts`	$181.10K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.94M	shares	Point-in-time
Intellectual property, net of accumulated amortization and impairment of $279,664 and $256,208 at December 31, 2014 and September 30, 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$327.87K	USD	Point-in-time
Intellectual property, net of accumulated amortization and impairment of $279,664 and $256,208 at December 31, 2014 and September 30, 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$304.42K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.94M	shares	Point-in-time
Total Assets	`Assets`	$3.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.36M	shares	Point-in-time
Total Assets	`Assets`	$5.02M	USD	Point-in-time
Accounts payable and accrued liabilities, including related party accrued interest of $-- and $6,597 at December 31, 2014 and September 30, 2014, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Accounts payable and accrued liabilities, including related party accrued interest of $-- and $6,597 at December 31, 2014 and September 30, 2014, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Promissory notes payable, including $1,000,000 with a related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.80M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$583.36K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$524.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.97M	USD	Point-in-time
Commitments and contingencies (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; -0- shares issued and outstanding as of December 31, 2014 and September 30, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; -0- shares issued and outstanding as of December 31, 2014 and September 30, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 and 1,350,000,000 shares authorized; 17,361,702 and 13,935,954 shares issued and outstanding as of December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$17.36K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 and 1,350,000,000 shares authorized; 17,361,702 and 13,935,954 shares issued and outstanding as of December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$13.94K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$210.87M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$198.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-199.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-207.59M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$3.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$3.51M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$5.02M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$1.24M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$597.35K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.85M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.67M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$459.30K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$278.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$105.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$109.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.41M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.81M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.82M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-31.88K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$434.00	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$155.42K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.69K	USD	1 Quarter
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	1 Quarter
Loss on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	1 Quarter
Loss on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.63M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.83M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-7.83M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.29M	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.16M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.46M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.83M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$105.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$109.73K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$765.55K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.63M	USD	1 Quarter
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	1 Quarter
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$337.50K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.78K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$15.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$282.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$91.72K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-47.69K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.10K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$234.73K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-254.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$176.49K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-59.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.07M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.36M	USD	1 Quarter
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$94.51K	USD	1 Quarter
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.82K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.82K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-94.51K	USD	1 Quarter
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.96M	USD	1 Quarter
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$3.69M	USD	Point-in-time
Purchase and cancelation of previously issued warrants	`PurchaseAndCancelationOfPreviouslyIssuedWarrants`	$4.09M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.87M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.16M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	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`	$1.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	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`	$1.39M	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 taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during period for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for cashless exercise of options and warrants	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$18.82K	USD	1 Quarter
Reclassification of deferred offering costs in connection with underwritten public offering	`ReclassificationOfDeferredOfferingCostsInConnectionWithUnderwrittenPublicOffering`	$181.10K	USD	1 Quarter
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$8.27K	USD	1 Quarter

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