10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001079973-16-000953`
Period End Date	20160331
Filing Date	20160511
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	appy-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 30 Cash Flow Statement 52

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$14.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$12.76M	USD	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$241.82K	USD	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$251.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.41M	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$896.00	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$1.95M	USD	Point-in-time
Long-term investments (Note1)	`LongTermInvestments`	$250.00K	USD	Point-in-time
Long-term investments (Note1)	`LongTermInvestments`	$972.00K	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.52M	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.38M	USD	Point-in-time
Total assets	`Assets`	$20.86M	USD	Point-in-time
Total assets	`Assets`	$18.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$321.05K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$701.06K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$449.87K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$12.55K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$241.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$171.13K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$301.25K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$57.15K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$658.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	-	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$1.84M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.14M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.80M	USD	Point-in-time
Commitments and contingencies (Notes 7 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 7 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 3,876,960 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$121.65M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 3,876,960 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$121.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.86M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales (Note 1)	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Sales (Note 1)	`SalesRevenueGoodsNet`	$11.29K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$4.01K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$7.28K	USD	1 Quarter
Other revenue - fee (Note 7)	`LicensesRevenue`	$24.18K	USD	1 Quarter
Other revenue - fee (Note 7)	`LicensesRevenue`	$24.18K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.54M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$372.59K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$707.74K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.24M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.21M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Gain on sale of property and equipment (Note 2)	`GainLossOnSaleOfPropertyPlantEquipment`	$1.92M	USD	1 Quarter
Gain on sale of property and equipment (Note 2)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$25.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.60K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$44.28K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$50.83K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.94M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$25.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$559.51K	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$559.51K	USD	1 Quarter
Stock-based compensation for services	`ShareBasedCompensation`	$433.40K	USD	1 Quarter
Stock-based compensation for services	`ShareBasedCompensation`	$47.88K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.02K	USD	1 Quarter
Amortization of license fees	`RecognitionOfDeferredRevenue`	$24.18K	USD	1 Quarter
Amortization of license fees	`RecognitionOfDeferredRevenue`	$24.18K	USD	1 Quarter
Other noncash charges	`OtherNoncashExpense`	-	USD	1 Quarter
Other noncash charges	`OtherNoncashExpense`	$133.90K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.92M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.08K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-69.16K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-89.69K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-380.01K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.71K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-437.32K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-565.86K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-69.74K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.06K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.29M	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$7.54M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$11.31M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$14.40M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$9.65M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.75M	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$14.68K	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$10.78K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$3.85M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$3.08M	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$116.93K	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$133.72K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-116.93K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-133.72K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$662.12K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$25.29K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$31.14K	USD	1 Quarter
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	-	USD	1 Quarter
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	$2.06M	USD	1 Quarter

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