Private company

Nano Magic Inc.

Nano Magic Inc. is an American coating company based in Madison Heights, incorporated in Delaware.1

Last updated Oct 20, 2026.

Overview

  • IndustryCoating, Engraving & Allied Services1
  • HeadquartersMichigan, Michigan1
  • Incorporated inDE2
  • Business address31601 Research Park Drive, Madison Heights, Michigan, Mi 480712
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Some of our products in this segment do compete for certain customers or certain applications against lower-priced, traditional materials.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

13.1%Gross margin4
-102.1%Operating margin4
-102.6%Net margin4
8.0%Revenue growth, 20234
-218.0%Return on equity4
-$1.5MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue87¢$2.4M
  • Research and development2¢$47.4K
  • Other costs11¢$316.4K

Out of $2.8M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$2.8M in 2023−65% since 2017
0$2.0M$4.0M$6.0M$8.0M2017: $7.9M$7.9M20172018: $4.5M$4.5M2018−43%2019: $2.4M$2.4M2019−46%2020: $4.8M$4.8M2020+95%2021: $4.3M$4.3M2021−9%2022: $2.6M$2.6M2022−40%2023: $2.8M$2.8M2023+8%
Gross profit1067894$363.9K in 2023−84% since 2017
0$1.0M$2.0M$3.0M2017: $2.3M$2.3M20172018: $1.0M$1.0M2018−54%2019: $323.9K$323.9K2019−69%2020: $1.7M$1.7M2020+412%2021: $1.7M$1.7M2021+0%2022: $96.2K$96.2K2022−94%2023: $363.9K$363.9K2023+278%
Operating income1067894-$2.8M in 2023+295% since 2017
-$4.0M-$3.0M-$2.0M-$1.0M02017: -$719.9K-$719.9K20172018: -$40.4K-$40.4K2018−94%2019: -$1.0M-$1.0M2019+2453%2020: -$792.6K-$792.6K2020−23%2021: -$1.6M-$1.6M2021+105%2022: -$3.4M-$3.4M2022+106%2023: -$2.8M-$2.8M2023−15%
Net income1167894-$2.9M in 2023
-$3.0M-$2.0M-$1.0M0$1.0M2017: $687.1K$687.1K20172018: $22.1K$22.1K2018−97%2019: -$965.0K-$965.0K20192020: -$781.1K-$781.1K2020−19%2021: -$1.6M-$1.6M2021+102%2022: -$2.1M-$2.1M2022+33%2023: -$2.9M-$2.9M2023+36%
Fiscal year2017201820192020202120222023
Revenue$7.9M5$4.5M6$2.4M7$4.8M8$4.3M9$2.6M4$2.8M4
Cost of revenue$5.6M5$3.5M6$2.1M7$3.1M8$2.7M9$2.5M4$2.4M4
Gross profit$2.3M10$1.0M6$323.9K7$1.7M8$1.7M9$96.2K4$363.9K4
Research and development$286.4K10$60.8K6$68.5K7$56.8K8$34.9K9$16.8K4$47.4K4
Selling, general and admin
Operating expenses$3.9M9$3.5M4$3.2M4
Operating income-$719.9K10-$40.4K6-$1.0M7-$792.6K8-$1.6M9-$3.4M4-$2.8M4
Interest$90.6K6$8.6K7$6.9K7
Income tax
Net income$687.1K11$22.1K6-$965.0K7-$781.1K8-$1.6M9-$2.1M4-$2.9M4
Earnings per share-$0.2210$0.016-$0.217-$0.108-$0.179-$0.214-$0.254
Earnings per share (diluted)-$0.2210$0.016-$0.217-$0.108-$0.179-$0.214-$0.254
Shares (weighted, basic)9.5M shares910.3M shares411.5M shares4
Shares (weighted, diluted)9.5M shares910.3M shares411.5M shares4

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Corporate structure

Nano Magic Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Nano Magic Inc.

  • Ronald J. Berman Filed SCHEDULE 13D/A on Nano Magic Inc., latest Feb 12, 2025 (6 filings since Nov 15, 2021)
  • Scott E. Rickert Filed SCHEDULE 13D/A on Nano Magic Inc., latest Feb 10, 2025 (4 filings since Feb 4, 2022)
  • Nano Magic Inc. Michigan, Michigan

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Nano Magic Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$2.8M4 Dec 31, 2023$2.7M4 Dec 31, 2022+4.1%
Property and equipment, net$424.1K4 Dec 31, 2023$525.8K4 Dec 31, 2022−19.3%
Operating-lease assets (leased space)$845.6K4 Dec 31, 2023$1.0M4 Dec 31, 2022−18.5%

Investments

ItemLatestA year beforeChange
Stakes in other companies (equity method)$253.8K4 Dec 31, 2023$250.1K4 Dec 31, 2022+1.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$849.8K4 Dec 31, 2023$1.1M4 Dec 31, 2022−24.1%
Raw materials$648.5K4 Dec 31, 2023$695.8K4 Dec 31, 2022−6.8%
Work in process$235.8K4 Dec 31, 2023$256.1K4 Dec 31, 2022−7.9%
Finished goods$296.9K4 Dec 31, 2023$353.1K4 Dec 31, 2022−15.9%

Leadership

Who has led Nano Magic Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. R. D. Burck2006
  2. Thomas F. Bijou2006–2009
  3. Douglas P. Baker2011–2012
  4. Alan Jernigan2012
  5. Scott E. Rickert2014–2019
  6. Tom J. Berman2020–2024

Chair

  1. Scott E. Rickert2014–2023

President

  1. Zvi Yaniv2014
  2. Scott E. Rickert2014–2019
  3. Tom J. Berman2018–2024

Chief financial officer

  1. Douglas P. Baker2006–2014
  2. Bruce Vereecken2014
  3. Adam C. Wasserman2015–2016
  4. Leandro Vera2020–2024

Chief operating officer

  1. Zvi Yaniv2006–2014
2010201520202025
Board members and other officers (33)

Former names

  • Nano Magic Holdings Inc.Mar 4, 2021 to Feb 2, 20232
  • PEN INC.Sep 2, 2014 to Feb 26, 20202
  • Applied Nanotech Holdings, IncJul 23, 2008 to Aug 29, 20142
  • NANO PROPRIETARY INCNov 8, 2007 to Jun 30, 20082
  • NANO PROPRIETARY INCJul 29, 2003 to Nov 5, 20072
  • SI DIAMOND TECHNOLOGY INCAug 7, 1996 to Jul 1, 20032

Timeline

  1. Dec 12, 20248-K Executive or director change55
  2. Oct 16, 20248-K Regulation FD disclosure56
  3. Jul 30, 20248-K Executive or director change57
  4. Jun 24, 20248-K Change of auditor58
  5. Apr 29, 20248-K Executive or director change59
  6. Apr 24, 20248-K Regulation FD disclosure60
  7. Feb 7, 20248-K Entered a material agreement61
  8. Oct 24, 20238-K Executive or director change62
  9. Apr 21, 20238-K Regulation FD disclosure63
  10. Mar 7, 20238-K Bylaws or fiscal year changed64
  11. Dec 6, 20228-K Executive or director change65
  12. Jun 1, 20228-K Entered a material agreement; Completed an acquisition or sale; Executive or director change66
  13. Mar 26, 2020New chief executive Tom J. Berman becomes CEO15
  14. Sep 2, 2014New chief executive Scott E. Rickert becomes CEO16
  15. May 29, 2012New chief executive Alan Jernigan becomes CEO17
  16. Feb 1, 2011New chief executive Douglas P. Baker becomes CEO18
  17. Dec 4, 2006New chief executive Thomas F. Bijou becomes CEO20
  18. Jun 2, 2006New chief executive R. D. Burck becomes CEO19

Filings

103 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 13 major events, 56 insider forms, 10 large holders, 2 private raises, 8 other. The latest 20:

  1. Feb 21, 202515-12G EDGAR
  2. Feb 12, 2025SCHEDULE 13D/A EDGAR
  3. Feb 10, 2025SCHEDULE 13D/A EDGAR
  4. Dec 12, 20244/A EDGAR
  5. Dec 12, 20244 EDGAR
  6. Dec 12, 20244 EDGAR
  7. Dec 12, 20244 EDGAR
  8. Dec 12, 20244 EDGAR
  9. Dec 12, 20244 EDGAR
  10. Dec 12, 20244 EDGAR
  11. Dec 12, 20244 EDGAR
  12. Dec 12, 20248-K EDGAR
  13. Nov 19, 202410-Q EDGAR
  14. Nov 14, 2024NT 10-Q EDGAR
  15. Oct 16, 20248-K EDGAR
  16. Oct 15, 2024D/A EDGAR
  17. Oct 9, 2024D EDGAR
  18. Aug 19, 202410-Q EDGAR
  19. Aug 13, 2024NT 10-Q EDGAR
  20. Jul 30, 20244 EDGAR

The 103 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 31, 2023Rickert Scott E.DirectorBuy4,444$0.75$3.3KForm 4
Oct 31, 2023Rickert Jeanne MDirectorBuy4,444$0.75$3.3KForm 4
May 17, 2023BERMAN RONALD JSecretaryBuy5,000$0.45$2.2KForm 4
May 25, 2022BERMAN RONALD JSecretaryBuy26,456Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 15, 2024Filed a private offering of securities Form D: named in the filing: Leandro J Vera, Jeanne J Rickert, Ronald J Berman, Casey J Hurbis, Raymond J Gunn, Tom J Berman Form D

SEC filer profile

How Nano Magic Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNano Magic Inc.1
  • CIK0000891417
  • Employer ID (EIN)76-02733451
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3470 Coating, Engraving & Allied Services1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address31601 Research Park Drive, Madison Heights, Michigan, MI 480711
  • Phone844-273-64621
  • Shares outstanding14,408,674 as of Nov 19, 202414
  • Public float$1.0M as of Jun 30, 20234
  • On EDGAR sinceMay 15, 19961
  • Filings1,129 in all: 4 (542), 8-K (187), 10-Q (60), 3 (47), 10QSB (27), 5 (27), SC 13D/A (25), 10-K (20)1
    All 52 form types

    4/A (18), 424B3 (12), SC 13G/A (10), DEFA14A (9), NT 10-Q (9), S-2/A (8), SC 13G (8), DEF 14A (7), SC 13D (7), 8-K/A (6), S-3 (6), S-3/A (6), 10KSB (5), 5/A (5), NT 10-K (5), S-2MEF (5), S-8 (5), 10-K/A (4), EFFECT (4), S-1 (4), S-1/A (4), S-2 (4), UPLOAD (4), 10KSB/A (3), 10KSB40 (3), 10QSB/A (3), CORRESP (3), D (3), PRE 14A (3), S-3MEF (3), 10KSB40/A (2), DEF 14C (2), PRE 14C (2), SCHEDULE 13D/A (2), 10-C (1), 15-12G (1), 3/A (1), 8-A12B (1), AW (1), D/A (1), DEFM14A (1), POS AM (1), POS462B (1), PREM14A (1)

  • Latest filingsAnnual report (10-K) Apr 3, 2024
    Quarterly report (10-Q) Nov 19, 2024
    Proxy statement (DEF 14A) Aug 2, 2010
    Latest 8-K (8-K) Dec 12, 2024

Sources

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