10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-057296`
Period End Date	20120630
Filing Date	20120813
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	spex-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 56 Cash Flow Statement 41

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Trade accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.17K	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`	$299.44K	USD	Point-in-time
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.15K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Preferred stock, series B shares issued	`PreferredStockSharesIssued`	5,250.00	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 $0 and $8,174	`AccountsReceivableNetCurrent`	$209.51K	USD	Point-in-time
Trade accounts receivable, net of allowance of $0 and $8,174	`AccountsReceivableNetCurrent`	$286.06K	USD	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$293.00	USD	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$17.65K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid research expenses	`OtherPrepaidExpenseCurrent`	$209.78K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.17K	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 expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$120.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.10M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.16M	shares	Point-in-time
Property and equipment, net of of accumulated depreciation of $299,445 and $265,502	`PropertyPlantAndEquipmentNet`	$59.14K	USD	Point-in-time
Property and equipment, net of of accumulated depreciation of $299,445 and $265,502	`PropertyPlantAndEquipmentNet`	$91.48K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.56M	shares	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 $0 and $2,146	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$35.62K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.62K	USD	Point-in-time
Total assets	`Assets`	$4.57M	USD	Point-in-time
Total assets	`Assets`	$5.66M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$180.10K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$549.82K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$354.17K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$72.87K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$105.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$892.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$639.54K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$40.42K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$47.67K	USD	Point-in-time
Total liabilities	`Liabilities`	$679.96K	USD	Point-in-time
Total liabilities	`Liabilities`	$940.36K	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 June 30, 2012 and December 31, 2011	`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 June 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized; 4,167,820 and 3,103,004 issued, 4,159,777 and 3,094,461 outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$31.03K	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized; 4,167,820 and 3,103,004 issued, 4,159,777 and 3,094,461 outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$41.68K	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$43.36M	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`	$-39.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.57M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$415.67K	USD	2 Qtrs
Revenue	`Revenues`	$186.05K	USD	1 Quarter
Revenue	`Revenues`	$206.10K	USD	1 Quarter
Revenue	`Revenues`	$492.35K	USD	2 Qtrs
Direct costs	`DirectOperatingCosts`	$119.02K	USD	1 Quarter
Direct costs	`DirectOperatingCosts`	$243.47K	USD	2 Qtrs
Direct costs	`DirectOperatingCosts`	$134.00K	USD	1 Quarter
Direct costs	`DirectOperatingCosts`	$249.31K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$509.65K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$404.50K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$760.00K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$138.25K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.57M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$685.51K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.62M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$682.35K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$954.60K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.63M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.32M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.91M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.02M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.13M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-748.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.08K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$922.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$866.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.94K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$8.38K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$53.01K	USD	2 Qtrs
Gain on settlement of obligations	`GainLossRelatedToLitigationSettlement`	$845.00K	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.23M	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.01M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-747.58K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.90M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$14.48K	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.01M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-747.58K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.90M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.25M	USD	2 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.48	USD	2 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	2 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	2 Qtrs
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.48	USD	2 Qtrs
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.51M	shares	2 Qtrs
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.94M	shares	2 Qtrs
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.16M	shares	1 Quarter
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.56M	shares	1 Quarter
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.56M	shares	1 Quarter
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.51M	shares	2 Qtrs
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.94M	shares	2 Qtrs
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.16M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.01M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-747.58K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.90M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.25M	USD	2 Qtrs
Gain on settlement of obligations	`GainLossRelatedToLitigationSettlement`	$845.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.11K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.94K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-8.17K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-13.53K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.53K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-288.06K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-67.38K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-220.16K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-285.04K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-285.55K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-567.54K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-7.25K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-16.07K	USD	2 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-305.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$32.40K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-102.20K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.77M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.55M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$2.37K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$1.60K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.37K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.60K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.06M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$2.55M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.06M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.55M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-712.46K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-11.11K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time

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