S-1 Filing

AKOUSTIS TECHNOLOGIES, INC. CIK: 1584754

Filing Information

Form Type	S-1
Accession Number	`0001615774-15-002096`
Period End Date	20150331
Filing Date	20150807
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	fil-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 8 Cash Flow Statement 26 Stockholders Equity 13

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock authorized	`PreferredStockSharesAuthorized`	5,300.00	shares	Point-in-time
Preferred Stock issued	`PreferredStockSharesIssued`	5,300.00	shares	Point-in-time
Preferred Stock outstanding	`PreferredStockSharesOutstanding`	5,300.00	shares	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	15,300.00	shares	Point-in-time
Common stock issued	`CommonStockSharesIssued`	9,725.00	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	9,725.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$687.74K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Inventory	`InventoryNet`	$30.52K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$739.98K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$65.51K	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$26.97K	USD	Point-in-time
Total Assets	`Assets`	$832.45K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$58.44K	USD	Point-in-time
Loans from shareholders	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$655.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$713.44K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 5,300 shares authorized; 5,300 shares issued and outstanding	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.0001 par value; 15,300 shares authorized; 9,725 shares issued and outstanding	`CommonStockValue`	$1.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$565.36K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-446.35K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$119.01K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$832.45K	USD	Point-in-time

Income Statement 8 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$241.93K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$341.92K	USD	Annual
Total operating expenses	`OperatingExpenses`	$583.85K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-583.85K	USD	Annual
Grant income	`OtherNonoperatingIncome`	$137.50K	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$137.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-446.35K	USD	Annual

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-446.35K	USD	Annual
Depreciation	`Depreciation`	$5.67K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.04K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$6.22K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$30.52K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.71K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.58K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-433.06K	USD	Annual
Cash paid for machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$71.19K	USD	Annual
Cash paid for intangibles	`PaymentsToAcquireIntangibleAssets`	$28.01K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.20K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$35.00K	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$530.00K	USD	Annual
Proceeds received from convertible note	`ProceedsFromConvertibleDebt`	$645.00K	USD	Annual
Proceeds received from convertible note	`ProceedsFromConvertibleDebt`	$655.00K	USD	Annual
Borrowings from promissory note	`ProceedsFromIssuanceOfDebt`	$30.00K	USD	Annual
Repayment of promissory note	`RepaymentsOfDebt`	$30.00K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.22M	USD	Annual
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$687.74K	USD	Annual
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$687.74K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$687.74K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Interest	`InterestPaid`	$984.00	USD	Annual
Stock compensation payable	`StockCompensationPayable`	$5.86K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, Value	`StockholdersEquity`	$119.01K	USD	Point-in-time
Common stock issued to founders, Value	`StockIssuedDuringPeriodValueToFounders`	$1.00	USD	Point-in-time
Common stock issued to founders, Value	`StockIssuedDuringPeriodValueToFounders`	$1.00	USD	Annual
Common stock issued to founders, Shares	`StockIssuedDuringPeriodSharesToFounders`	8,050.00	shares	Point-in-time
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$35.00K	USD	Annual
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$35.00K	USD	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	1,675.00	shares	Point-in-time
Preferred shares issued for cash, Value	`PreferredStockIssuedDuringPeriodValueForCash`	$530.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$362.00	USD	Annual
Net loss	`NetIncomeLoss`	$-446.35K	USD	Annual
Ending Balance, Value	`StockholdersEquity`	-	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$119.01K	USD	Point-in-time

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