10-K Filing

BNB PLUS CORP. CIK: 744452 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001571049-16-020376`
Period End Date	20160930
Filing Date	20161206
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	apdn-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 35 Cash Flow Statement 60 Stockholders Equity 21

Balance Sheet 73 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`	$32.97K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$852.87K	USD	Point-in-time
Accumulated depreciation on property, plant and equipment (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Accumulated amortization and impairment on intellectual property (in dollars)	`FiniteLivedIntellectualPropertyIntangibleAssetsAccumulatedAmortizationAndWriteoff`	$423.65K	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`	$7.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Accounts receivable, net of allowance of $32,965 and $7,140 at September 30, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$3.93M	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 $32,965 and $7,140 at September 30, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$6.37M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$297.76K	USD	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`	$200.01K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.35M	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
Property, plant and equipment, net of accumulated depreciation of $1,263,200 and $852,867 at September 30, 2016 and 2015, respectively	`PropertyPlantAndEquipmentNet`	$792.50K	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,263,200 and $852,867 at September 30, 2016 and 2015, respectively	`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
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`	500.00M	shares	Point-in-time
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$1.53M	USD	Point-in-time
Long term accounts receivables	`AccountsReceivableNetNoncurrent`	$1.50M	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.13K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$62.99K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$13.99K	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 $423,649 and $238,368, as of September 30, 2016 and 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.60M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $423,649 and $238,368, as of September 30, 2016 and 2015, respectively	`FiniteLivedIntangibleAssetsNet`	$1.53M	USD	Point-in-time
Total Assets	`Assets`	$15.55M	USD	Point-in-time
Total Assets	`Assets`	$15.57M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.25M	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`	$1.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.08M	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
Long term accounts payable	`AccountsPayableNoncurrent`	$215.50K	USD	Point-in-time
Long term deferred revenue	`DeferredRevenueNoncurrent`	$900.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.20M	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; 24,078,756 and 21,504,578 shares issued and outstanding as of September 30, 2016 and 2015, respectively	`CommonStockValue`	$24.08K	USD	Point-in-time
Common stock, par value $0.001 per share; 500,000,000 shares authorized; 24,078,756 and 21,504,578 shares issued and outstanding as of September 30, 2016 and 2015, respectively	`CommonStockValue`	$21.50K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$224.19M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$234.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-223.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-211.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.55M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Related party interest expanses	`InterestExpenseRelatedParty`	$31.88K	USD	Annual
Product revenues	`SalesRevenueGoodsNet`	$5.44M	USD	Annual
Product revenues	`SalesRevenueGoodsNet`	$2.54M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$3.57M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$1.65M	USD	Annual
Total revenues	`SalesRevenueNet`	$4.19M	USD	Annual
Total revenues	`SalesRevenueNet`	$9.01M	USD	Annual
Cost of revenues	`CostOfRevenue`	$746.58K	USD	Annual
Cost of revenues	`CostOfRevenue`	$384.27K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.24M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.41M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.69M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.58M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$706.50K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$490.64K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.48M	USD	Annual
Total operating expenses	`OperatingExpenses`	$15.64M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.20M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.85M	USD	Annual
Interest income (expense), net (including related party interest of $31,875 for the year ended September 30, 2015)	`InterestIncomeExpenseNet`	$-23.47K	USD	Annual
Interest income (expense), net (including related party interest of $31,875 for the year ended September 30, 2015)	`InterestIncomeExpenseNet`	$11.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$12.88K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-28.31K	USD	Annual
Loss on conversion of Promissory notes	`LossOnConversionOfPromissoryNotes`	$980.84K	USD	Annual
Loss on change in fair value of warrant liability	`LossFromChangeInFairValueOfWarrantLiability`	$2.99M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.18M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.88M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.18M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-11.88M	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	Annual
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.69M	shares	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.94M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.88M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$490.64K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$706.50K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$4.02M	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$2.04M	USD	Annual
Change in fair value of warrant liability	`LossFromChangeInFairValueOfWarrantLiability`	$2.99M	USD	Annual
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.52K	USD	Annual
Loss on conversion of promissory notes	`LossOnConversionOfPromissoryNotes`	$980.84K	USD	Annual
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$136.28K	USD	Annual
Common stock issued for consulting services	`CommonStockIssuedForConsultingServices`	$78.13K	USD	Annual
Security deposit write-off	`SecurityDepositWrite-Off`	$10.00K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$116.83K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$35.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.60M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.64M	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-16.21K	USD	Annual
Prepaid expenses, other current assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.59K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-30.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$297.76K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.24M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-253.33K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-301.31K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.46M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.97M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-9.90M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.50K	USD	Annual
Purchase of assets under asset purchase agreement	`PaymentsToAcquireProductiveAssets`	$1.50M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$112.40K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$286.95K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$672.86K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.62K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.14M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-779.76K	USD	Annual
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$19.11M	USD	Annual
Net proceeds from sale of common stock and warrants	`NetProceedsFromSaleOfCommonStockAndWarrants`	$7.85M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$4.41K	USD	Annual
Deferred offering costs	`PaymentOfDeferredOfferingCosts`	$13.99K	USD	Annual
Purchase and cancellation of previously issued warrants	`PurchaseAndCancellationOfPreviouslyIssuedWarrants`	$4.09M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.84M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.02M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.83M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.92M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	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`	$4.48M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	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`	$4.48M	USD	Point-in-time
Cash paid during year for interest	`InterestPaid`	-	USD	Annual
Cash paid during year for interest	`InterestPaid`	-	USD	Annual
Cash paid during year for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during year for income taxes	`IncomeTaxesPaid`	-	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
Property, plant and equipment acquired, and included in accounts payable	`PropertyPlantAndEquipmentAcquiredIncludedInAccountsPayable`	$10.77K	USD	Annual
Intangible assets acquired, and included in accounts payable	`IntangibleAssetsAcquiredAndIncludedInAccountsPayable`	$11.85K	USD	Annual
Common stock issued for cashless exercise of options	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$4.00	USD	Annual
Common stock issued for cashless exercise of options	`CommonStockIssuedForCashlessExerciseOfOptionsAndWarrants`	$49.00	USD	Annual
Reclassification of deferred offering costs to additional paid in capital	`ReclassificationOfDeferredOfferingCostToAdditionalPaidInCapital`	$181.10K	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$10.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time
Common stock issued for consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$78.13K	USD	Annual
Common stock issued for consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$136.28K	USD	Annual
Common stock issued for consulting services (in shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	24,000.00	shares	Annual
Shares issued in underwritten public offerings, net of offering costs	`SharesIssuedInUnderwrittenPublicOfferings`	$18.93M	USD	Annual
Shares issued in underwritten public offerings, net of offering costs	`SharesIssuedInUnderwrittenPublicOfferings`	$7.85M	USD	Annual
Shares and warrants issued upon conversion of promissory notes and accrued interest	`SharesIssuedUponConversionOfPromissoryNotesAndAccruedInterest`	$2.82M	USD	Annual
Exercise of warrants for cash	`StockIssuedDuringPeriodValueWarrantsForCashExercised`	$4.41K	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.02M	USD	Annual
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.88M	USD	Annual
Balance	`StockholdersEquity`	$10.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	21.50M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	24.08M	shares	Point-in-time

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