10-Q Filing

BNB PLUS CORP. CIK: 744452 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-017382`
Period End Date	20160630
Filing Date	20160811
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	apdn-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 58 Cash Flow Statement 61

Balance Sheet 68 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`	$22.39K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.16M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.73M	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$238.37K	USD	Point-in-time
Accumulated amortization on intangible assets (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$491.93K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	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
Accounts receivable, net of allowance of $22,387 and $7,140 at June 30, 2016 and September 30, 2015, respectively	`AccountsReceivableNetCurrent`	$4.79M	USD	Point-in-time
Accounts receivable, net of allowance of $22,387 and $7,140 at June 30, 2016 and September 30, 2015, respectively	`AccountsReceivableNetCurrent`	$3.93M	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
Inventories	`InventoryNet`	$126.87K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$293.35K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$136.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.14M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.54M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,161,120 at June 30, 2016 and $852,867 at September 30, 2015	`PropertyPlantAndEquipmentNet`	$572.11K	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 of accumulated depreciation of $1,161,120 at June 30, 2016 and $852,867 at September 30, 2015	`PropertyPlantAndEquipmentNet`	$805.76K	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 issued	`CommonStockSharesIssued`	21.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.08M	shares	Point-in-time
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$360.00K	USD	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 outstanding	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.13K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Goodwill	`Goodwill`	$285.39K	USD	Point-in-time
Intangible assets, net of accumulated amortization of $491,933 and $238,368 at June 30, 2016 and September 30, 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.56M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $491,933 and $238,368 at June 30, 2016 and September 30, 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.60M	USD	Point-in-time
Total Assets	`Assets`	$15.22M	USD	Point-in-time
Total Assets	`Assets`	$15.55M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.18M	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`	$848.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Long term accounts payable	`AccountsPayableNoncurrent`	$320.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.03M	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 June 30, 2016 and September 30, 2015; 24,078,636 and 21,504,578 shares issued and outstanding as of June 30, 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 June 30, 2016 and September 30, 2015; 24,078,636 and 21,504,578 shares issued and outstanding as of June 30, 2016 and September 30, 2015, respectively	`CommonStockValue`	$24.08K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$224.19M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$233.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-211.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.19M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.22M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$5.03M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$652.90K	USD	1 Quarter
Revenues	`SalesRevenueNet`	$2.55M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$2.27M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$304.61K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$129.01K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$121.26K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$129.01K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.32M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.62M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.71M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.59M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$466.84K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.86M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$168.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$121.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$557.97K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$354.14K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$12.27M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.04M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.42M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.67M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-9.79M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.37M	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$-26.81K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$5.05K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$9.57K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$2.66K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$19.61K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.72K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-16.85K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$52.67K	USD	1 Quarter
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$-980.84K	USD	3 Qtrs
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`	$-1.67M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.37M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.76M	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	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-9.76M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-11.39M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net loss per share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.41	USD	3 Qtrs
Net loss per share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net loss per share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	3 Qtrs
Weighted average shares outstanding- Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.08M	shares	3 Qtrs
Weighted average shares outstanding- Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.56M	shares	3 Qtrs
Weighted average shares outstanding- Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.08M	shares	1 Quarter
Weighted average shares outstanding- Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.44M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.76M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.39M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$354.14K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$557.97K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.53M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.44M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$515.50K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeLossFromChangeInFairValueOfWarrantLiability`	$-2.99M	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.52K	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`	$78.13K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$106.25K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$21.75K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.96K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$136.78K	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-107.34K	USD	3 Qtrs
Prepaid expenses and other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.31K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-75.52K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-589.71K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$566.73K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-378.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.45M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.23M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.50K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$221.66K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$594.81K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$238.08K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$43.35K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-459.74K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-632.66K	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.85M	USD	3 Qtrs
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$19.11M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$4.41K	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`	$7.86M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-225.41K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.34M	USD	3 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`	$10.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	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`	$10.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	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 income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during period for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued upon conversion of promissory notes payable	`StockIssued1`	$1.84M	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`	$60.47K	USD	3 Qtrs
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredIncludedInAccountsPayable`	$29.30K	USD	3 Qtrs
Reclassification of deferred offering costs to additional paid in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$181.10K	USD	3 Qtrs

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