10-Q Filing

BNB PLUS CORP. CIK: 744452 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-015201`
Period End Date	20160331
Filing Date	20160512
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	apdn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 54 Cash Flow Statement 63

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.45K	USD	Point-in-time
Allowance on accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.14K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.04M	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`	$7.31M	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$238.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$984.05K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$353.82K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $19,453 and $7,140 at March 31, 2016 and September 30, 2015, respectively	`AccountsReceivableNetCurrent`	$5.03M	USD	Point-in-time
Accounts receivable, net of allowance of $19,453 and $7,140 at March 31, 2016 and September 30, 2015, respectively	`AccountsReceivableNetCurrent`	$3.93M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$293.35K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$126.37K	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
Total current assets	`AssetsCurrent`	$14.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.54M	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
Property, plant and equipment, net of accumulated depreciation of $1,038,674 at March 31, 2016 and $852,867 at September 30, 2015	`PropertyPlantAndEquipmentNet`	$879.17K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,038,674 at March 31, 2016 and $852,867 at September 30, 2015	`PropertyPlantAndEquipmentNet`	$572.11K	USD	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
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`	500.00M	shares	Point-in-time
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$1.50M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$62.99K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.08M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$58.49K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.50M	shares	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $353,816 and $238,368 at March 31, 2016 and September 30, 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.60M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $353,816 and $238,368 at March 31, 2016 and September 30, 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.55M	USD	Point-in-time
Total Assets	`Assets`	$15.55M	USD	Point-in-time
Total Assets	`Assets`	$17.71M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.63M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.39M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$282.05K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$50.16K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.68M	USD	Point-in-time
Long term accounts payable	`AccountsPayableNoncurrent`	$320.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.99M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized at March 31, 2016 and September 30, 2015; 24,075,092 and 21,504,578 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$21.50K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized at March 31, 2016 and September 30, 2015; 24,075,092 and 21,504,578 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$24.08K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$233.04M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$224.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-218.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-211.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$17.71M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.55M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$2.76M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$1.90M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$1.52M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$573.32K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.67M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.57M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$729.08K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.20M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$651.65K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$373.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$232.81K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$389.33K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$123.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$170.98K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.45M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.27M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.69M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-6.37M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.88M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.45M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$6.91K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$16.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$4.06K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-31.86K	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-6.69K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-13.13K	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-24.48K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-33.06K	USD	2 Qtrs
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	2 Qtrs
Loss on change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.71M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.89M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.47M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.39M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-9.71M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.47M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.39M	USD	2 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
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`	$-0.59	USD	2 Qtrs
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.07M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.36M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.40M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.31M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.71M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$232.81K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$389.33K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.52M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$489.35K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$886.34K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$517.32K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	2 Qtrs
Write-off of security deposit	`WriteOffOfSecurityDeposit`	$-10.00K	USD	2 Qtrs
Loss on sale of property plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.52K	USD	2 Qtrs
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	2 Qtrs
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$22.68K	USD	2 Qtrs
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$68.44K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.78K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$22.31K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-380.35K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$328.26K	USD	2 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-98.59K	USD	2 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.58K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-458.80K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-298.58K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-231.89K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-355.55K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.22M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.97M	USD	2 Qtrs
Proceeds from sale of property plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.50K	USD	2 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.88K	USD	2 Qtrs
Purchase of property plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$128.37K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$35.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$37.35K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-232.88K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-160.22K	USD	2 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.96M	USD	2 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.85M	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$4.41K	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$-69.60K	USD	2 Qtrs
Purchase and cancelation of previously issued warrants	`PurchaseAndCancelationOfPreviouslyIssuedWarrants`	$4.09M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.80M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.86M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.47M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-409.08K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$984.05K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	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`	$7.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$984.05K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	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	2 Qtrs
Cash paid during period for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during period for taxes	`IncomeTaxesPaid`	$4.86K	USD	2 Qtrs
Common stock issued upon conversion of promissory notes payable	`StockIssued1`	$1.84M	USD	2 Qtrs
Offering costs incurred, and included in accounts payable and accrued liabilities	`DeferredOfferingCostsIncludedInAccountsPayableAndAccruedLiabilities`	$218.23K	USD	2 Qtrs
Common stock issued for cashless exercise of options and warrants	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$49.00	USD	2 Qtrs
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$417.40K	USD	2 Qtrs
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$181.10K	USD	2 Qtrs
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredIncludedInAccountsPayable`	$73.00K	USD	2 Qtrs
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredIncludedInAccountsPayable`	$6.00K	USD	2 Qtrs
Issuance of options to settle accrued liability	`IssuanceOfOptionsToSettleAccruedLiability`	$42.34K	USD	2 Qtrs

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