10-K Filing

BNB PLUS CORP. CIK: 744452 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001571049-15-009962`
Period End Date	20150930
Filing Date	20151214
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	apdn-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 31 Cash Flow Statement 58 Stockholders Equity 24

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.14K	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`	$759.09K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$852.87K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntellectualPropertyIntangibleAssetsAccumulatedAmortizationAndWriteoff`	$141.48K	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntellectualPropertyIntangibleAssetsAccumulatedAmortizationAndWriteoff`	$238.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Related party accrued interest (in dollars)	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$6.60K	USD	Point-in-time
Accounts receivable, net of allowance of $7,140 and $9,634 at September 30, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$834.82K	USD	Point-in-time
Accounts receivable, net of allowance of $7,140 and $9,634 at September 30, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$3.93M	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	`PrepaidExpenseCurrent`	$135.37K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$293.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.54M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Property, plant and equipment-net of accumulated depreciation of $852,867 and $759,087 at September 30, 2015 and 2014, respectively	`PropertyPlantAndEquipmentNet`	$572.11K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property, plant and equipment-net of accumulated depreciation of $852,867 and $759,087 at September 30, 2015 and 2014, respectively	`PropertyPlantAndEquipmentNet`	$576.13K	USD	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
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$1.50M	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
Deposits	`DepositAssets`	$57.64K	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, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits	`DepositAssets`	$62.99K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	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
Deferred offering costs	`DeferredOfferingCosts`	$181.10K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.94M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.50M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $238,368 and $141,478, as of September 30, 2015 and 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$327.87K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.94M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $238,368 and $141,478, as of September 30, 2015 and 2014, respectively	`FiniteLivedIntangibleAssetsNet`	$1.60M	USD	Point-in-time
Total Assets	`Assets`	$15.55M	USD	Point-in-time
Total Assets	`Assets`	$3.51M	USD	Point-in-time
Accounts payable and accrued liabilities, including related party accrued interest of $6,597 at September 30, 2014	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.39M	USD	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
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`	$282.05K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.88M	USD	Point-in-time
Long term accounts payable	`LongTermDebtNoncurrent`	$320.40K	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.97M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`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 September 30, 2015 and 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 September 30, 2015 and 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 and 1,350,000,000 shares authorized; 21,504,578 and 13,935,954 shares issued and outstanding as of September 30, 2015 and 2014, respectively	`CommonStockValueOutstanding`	$13.94K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 and 1,350,000,000 shares authorized; 21,504,578 and 13,935,954 shares issued and outstanding as of September 30, 2015 and 2014, respectively	`CommonStockValueOutstanding`	$21.50K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$224.19M	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`	$-211.64M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$12.57M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$4.62M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$15.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$3.51M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Related party interest expnses	`InterestExpenseRelatedParty`	$31.88K	USD	Annual
Related party interest expnses	`InterestExpenseRelatedParty`	$11.88K	USD	Annual
Revenues	`SalesRevenueNet`	$9.01M	USD	Annual
Revenues	`SalesRevenueNet`	$2.72M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.74M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.25M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.30M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.64M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$442.26K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$490.64K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.86M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.99M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.27M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.85M	USD	Annual
Interest (expense) income, net (including related party interest of $31,875 and $11,875 for the fiscal years ended September 30, 2015 and 2014, respectively)	`InterestIncomeExpenseNet`	$-11.03K	USD	Annual
Interest (expense) income, net (including related party interest of $31,875 and $11,875 for the fiscal years ended September 30, 2015 and 2014, respectively)	`InterestIncomeExpenseNet`	$-23.47K	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$123.91K	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-28.31K	USD	Annual
Loss on conversion of Promissory notes	`GainLossOnConversionOfPromissoryNotes`	$-980.84K	USD	Annual
Loss on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	Annual
Loss on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-908.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.88M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.07M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-13.07M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-11.88M	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.97	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	Annual
basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.94M	shares	Annual
basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.52M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Proceeds from promissory notes from a related party	`ProceedsFromRelatedPartyDebt`	$1.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.88M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$490.64K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$442.26K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$2.03M	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$4.02M	USD	Annual
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$908.00K	USD	Annual
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$2.99M	USD	Annual
Loss on conversion of promissory notes	`GainLossOnConversionOfPromissoryNotes`	$-980.84K	USD	Annual
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$136.28K	USD	Annual
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$337.50K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$19.75K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$35.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$181.94K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.64M	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-32.35K	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.59K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$30.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$527.78K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.24M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-301.31K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$434.86K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.51M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.97M	USD	Annual
Purchase of assets under asset purchase agreement	`PaymentsToAcquireProductiveAssets`	$1.50M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$286.95K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.59K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.62K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-229.59K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.14M	USD	Annual
Net proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	$19.11M	USD	Annual
Net proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	$2.16M	USD	Annual
Proceeds from promissory notes, including $1,000,000 from a related party	`ProceedsFromNotesPayable`	$1.80M	USD	Annual
Deferred offering costs	`PaymentOfDeferredOfferingCosts`	$181.10K	USD	Annual
Purchase and cancellation of previously issued warrants	`PurchaseAndCancellationOfPreviouslyIssuedWarrants`	$4.09M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.02M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.78M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.92M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.97M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.36M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash paid during period for interest	`InterestPaid`	-	USD	Annual
Cash paid during period for interest	`InterestPaid`	-	USD	Annual
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Reclassification of warrants from liability to equity upon exercise of warrants	`ReclassificationOfWarrantsFromLiabilityToEquityUponExercise`	-	USD	Annual
Reclassification of warrants from liability to equity upon exercise of warrants	`ReclassificationOfWarrantsFromLiabilityToEquityUponExercise`	$2.46M	USD	Annual
Common stock and warrants issued upon conversion of promissory notes payable and accrued interest	`DebtConversionConvertedInstrumentAmount1`	$1.84M	USD	Annual
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$1.50K	USD	Annual
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredAndIncludedInAccountsPayable`	$11.85K	USD	Annual
Common stock issued for cashless exercise of options and warrants	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$472.00	USD	Annual
Common stock issued for cashless exercise of options and warrants	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$4.00	USD	Annual
Reclassification of deferred offering costs to additional paid in capital	`ReclassificationOfDeferredOfferingCostToAdditionalPaidInCapital`	$181.10K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.62M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	13.94M	shares	Point-in-time
Other	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Exercise of warrants and options cashlessly	`StockIssuedDuringPeriodValueWarrantsAndOptionExercised`	-	USD	Annual
Reclassification of warrants upon exercise	`AdjustmentToAdditionalPaidInCapitalReclassificationOfWarrantsUponExercise`	$2.46M	USD	Annual
Exercise of warrants cashlessly	`StockIssuedDuringPeriodValueWarrantsExercised`	-	USD	Annual
Common stock issued for settlement of consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$136.28K	USD	Annual
Common stock issued for settlement of consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$337.50K	USD	Annual
Shares issued in private placement	`CommonStockValueIssuedInPrivatePlacement`	$2.16M	USD	Annual
Exercise of options cashlessly	`StockIssuedDuringPeriodValueOptionsExercised`	-	USD	Annual
Shares issued in underwritten public offerings, net of offering costs	`SharesIssuedInUnderwrittenPublicOfferings`	$18.93M	USD	Annual
Shares and warrants issued upon conversion of promissory notes and accrued interest	`SharesIssuedUponConversionOfPromissoryNotesAndAccruedInterest`	$2.82M	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.02M	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.03M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.88M	USD	Annual
Balance	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.62M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	13.94M	shares	Point-in-time

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