10-Q Filing

BNB PLUS CORP. CIK: 744452 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-006546`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	apdn-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 56 Cash Flow Statement 60

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.23K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.63K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$743.91K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$759.09K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Accumulated amortization and impairment on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$256.21K	USD	Point-in-time
Accumulated amortization and impairment on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$325.56K	USD	Point-in-time
Accounts receivable, net of allowance of $30,228 and $9,634 at June 30, 2015 and September 30, 2014, respectively	`AccountsReceivableNetCurrent`	$2.08M	USD	Point-in-time
Accounts receivable, net of allowance of $30,228 and $9,634 at June 30, 2015 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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$209.83K	USD	Point-in-time
Promissory note issued to related party (in dollars)	`DebtInstrumentFaceAmount`	$1.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.02M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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 $743,914 at June 30, 2015 and $759,087 at September 30, 2014	`PropertyPlantAndEquipmentNet`	$576.13K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $743,914 at June 30, 2015 and $759,087 at September 30, 2014	`PropertyPlantAndEquipmentNet`	$526.82K	USD	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`	$52.99K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization and impairment of $325,555 and $256,208 at June 30, 2015 and September 30, 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$327.87K	USD	Point-in-time
Intangible assets, net of accumulated amortization and impairment of $325,555 and $256,208 at June 30, 2015 and September 30, 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$525.90K	USD	Point-in-time
Total Assets	`Assets`	$14.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.94M	shares	Point-in-time
Total Assets	`Assets`	$3.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.94M	shares	Point-in-time
Accounts payable and accrued liabilities, including related party accrued interest of $6,597 at September 30, 2014	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Accounts payable and accrued liabilities, including related party accrued interest of $6,597 at September 30, 2014	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Promissory notes payable, including $1,000,000 with a related party at September 30, 2014	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.80M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$583.36K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$204.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.88M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	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 June 30, 2015 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 June 30, 2015 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 at June 30, 2015 and September 30, 2014, respectively; 21,482,202 and 13,935,954 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$13.94K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 and 1,350,000,000 shares authorized at June 30, 2015 and September 30, 2014, respectively; 21,482,202 and 13,935,954 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$21.48K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$223.62M	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`	$-211.15M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$12.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$3.51M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$14.12M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$841.20K	USD	1 Quarter
Revenues	`SalesRevenueNet`	$2.08M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$5.03M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$2.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.95M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.09M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.08M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.51M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.09M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$310.09K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$961.75K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$266.33K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$354.14K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$121.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$113.42K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$325.45K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.50M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.67M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-9.43M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.37M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$784.00	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$5.05K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$111.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-26.81K	USD	3 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$130.19K	USD	3 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$52.30K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-16.85K	USD	3 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-3.72K	USD	1 Quarter
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	3 Qtrs
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`	$515.54K	USD	1 Quarter
Gain (loss) on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.39M	USD	3 Qtrs
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`	$-1.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	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
NET LOSS	`NetIncomeLoss`	$-11.39M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-10.96M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	3 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.82	USD	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.40M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.08M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.57M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.44M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-11.39M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$354.14K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.45K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$404.51K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$1.72M	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$3.53M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-1.66M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$515.54K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	3 Qtrs
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	3 Qtrs
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$64.43K	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`	$21.75K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-137.49K	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$924.00	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.31K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$292.46K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-75.52K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-378.50K	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`	$-5.23M	USD	3 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$221.66K	USD	3 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.52K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$238.08K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-459.74K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-209.52K	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$3.69M	USD	Point-in-time
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$19.11M	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$2.15M	USD	3 Qtrs
Purchase and cancelation of previously issued warrants	`PurchaseAndCancelationOfPreviouslyIssuedWarrants`	$4.09M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.02M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.15M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.33M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.34M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73M	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`	$1.39M	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`	$10.73M	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`	$1.39M	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 deferred offering costs to additional paid in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$181.10K	USD	3 Qtrs
Reclassification of warrants from liability to equity upon exercise	`ReclassificationOfWarrantsFromLiabilityToEquityUponExercise`	$2.46M	USD	3 Qtrs
Offering costs incurred, and included in accounts payable and accrued liabilities	`DeferredOfferingCostsIncludedInAccountsPayableAndAccruedLiabilities`	$68.49K	USD	3 Qtrs
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$13.82K	USD	3 Qtrs
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredIncludedInAccountsPayable`	$29.30K	USD	3 Qtrs
Common stock issued upon conversion of promissory notes payable	`StockIssued1`	$1.84M	USD	3 Qtrs

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