10-K Filing

Dominari Holdings Inc. CIK: 12239 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001104659-12-022224`
Period End Date	20111231
Filing Date	20120329
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	spex-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 31 Cash Flow Statement 40 Stockholders Equity 14

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.17K	USD	Point-in-time
Trade accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$65.00K	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$265.50K	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$197.97K	USD	Point-in-time
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.15K	USD	Point-in-time
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$50.73K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, series B shares issued	`PreferredStockSharesIssued`	5,250.00	shares	Point-in-time
Trade accounts receivable, net of allowance of $8,174 and $65,000	`AccountsReceivableNetCurrent`	$285.86K	USD	Point-in-time
Trade accounts receivable, net of allowance of $8,174 and $65,000	`AccountsReceivableNetCurrent`	$232.51K	USD	Point-in-time
Preferred stock, series B shares issued	`PreferredStockSharesIssued`	5,250.00	shares	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Grants receivable	`GrantsReceivableCurrent`	$270.13K	USD	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$53.85K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$74.11K	USD	Point-in-time
Prepaid research expenses	`OtherPrepaidExpenseCurrent`	$464.32K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid research expenses	`OtherPrepaidExpenseCurrent`	$209.78K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$120.43K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.09M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $265,502 and $197,971	`PropertyPlantAndEquipmentNet`	$154.16K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $265,502 and $197,971	`PropertyPlantAndEquipmentNet`	$91.48K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	8,043.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	8,043.00	shares	Point-in-time
Patents, net of accumulated amortization of $2,146 and $50,725	`FiniteLivedIntangibleAssetsNet`	$2.30K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$35.62K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$35.62K	USD	Point-in-time
Total assets	`Assets`	$5.66M	USD	Point-in-time
Total assets	`Assets`	$7.02M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.21M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$563.71K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$549.82K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$72.87K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$170.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$892.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.95M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$550.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$47.67K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$80.94K	USD	Point-in-time
Total liabilities	`Liabilities`	$940.36K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 2,000,000 shares authorized; 5,250 series B issued and 1 outstanding at December 31, 2011, and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 2,000,000 shares authorized; 5,250 series B issued and 1 outstanding at December 31, 2011, and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized; 3,103,004 and 2,143,631 issued, 3,094,961 and 2,135,588 outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$21.44K	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized; 3,103,004 and 2,143,631 issued, 3,094,961 and 2,135,588 outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$31.03K	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$38.57M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$42.30M	USD	Point-in-time
Treasury stock, 8,043 shares	`TreasuryStockValue`	$464.79K	USD	Point-in-time
Treasury stock, 8,043 shares	`TreasuryStockValue`	$464.79K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.02M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.43M	USD	Annual
Revenue	`Revenues`	$820.92K	USD	Annual
Direct costs	`DirectOperatingCosts`	$517.68K	USD	Annual
Direct costs	`DirectOperatingCosts`	$388.06K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$4.85M	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$1.65M	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$3.13M	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$4.08M	USD	Annual
Total operating expense	`OperatingExpenses`	$9.44M	USD	Annual
Total operating expense	`OperatingExpenses`	$5.17M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.01M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.35M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$6.11K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.46K	USD	Annual
Other income	`OtherNonoperatingIncome`	$135.91K	USD	Annual
Other income	`OtherNonoperatingIncome`	$51.26K	USD	Annual
Gain on settlement of obligations	`GainLossRelatedToLitigationSettlement`	$845.00K	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.87M	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.45M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$14.48K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-133.19K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.46M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.74M	USD	Annual
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-1.32	USD	Annual
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-4.28	USD	Annual
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-4.28	USD	Annual
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.32	USD	Annual
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.63M	shares	Annual
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.81M	shares	Annual
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.81M	shares	Annual
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.63M	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.46M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.74M	USD	Annual
Gain on settlement of obligation	`GainLossRelatedToLitigationSettlement`	$845.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.83K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$77.86K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$65.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-5.35K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$35.53K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$37.09K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$420.00K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$-349.09K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$410.33K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-289.38K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-327.54K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-355.46K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-28.77K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-33.27K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-30.00K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-305.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-97.77K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$79.73K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.69M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.36M	USD	Annual
Proceeds from the maturity of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$375.00K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$4.85K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.85K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$375.00K	USD	Annual
Proceeds from issuance of Series B Preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$4.87M	USD	Annual
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.87M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.70M	USD	Annual
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-663.96K	USD	Annual
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.45M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.03M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.03M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$160.83K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Sale of series B preferred stock, offering costs	`PreferredStockOfferingCosts`	$382.50K	USD	Annual
Sale of common stock, offering costs	`CommonStockOfferingCosts`	$333.80K	USD	Annual
Balance	`StockholdersEquity`	$4.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.27M	USD	Point-in-time
Sale of series B preferred stock, net of offering costs of $382,500	`StockIssuedDuringPeriodPreferredStockValueNewIssues`	$4.87M	USD	Annual
Sale of common stock, net of offering costs of $333,800	`StockIssuedDuringPeriodValueNewIssues`	$3.70M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.53K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.09K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.46M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.74M	USD	Annual
Balance	`StockholdersEquity`	$4.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.27M	USD	Point-in-time

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