10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-015803`
Period End Date	20190630
Filing Date	20190814
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	spex-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 64 Cash Flow Statement 64 Stockholders Equity 24

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$564.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.70M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$817.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$106.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$188.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.32M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.49M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.01M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.01M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Investments	`Investments`	$10.35M	USD	Point-in-time
Investments	`Investments`	$10.56M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Total assets	`Assets`	$13.25M	USD	Point-in-time
Total assets	`Assets`	$12.05M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$232.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$605.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$732.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$8.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	-	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	$207.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$845.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$845.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 0.0001 par value, 100,000,000 shares authorized; 2,321,091 and 2,010,028 shares issued at June 30, 2019 and December 31, 2018; 2,321,088 and 2,010,025 shares outstanding at June 30, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Common stock, 0.0001 par value, 100,000,000 shares authorized; 2,321,091 and 2,010,028 shares issued at June 30, 2019 and December 31, 2018; 2,321,088 and 2,010,025 shares outstanding at June 30, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.44M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$153.35M	USD	Point-in-time
Treasury stock, at cost, 3 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 3 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.25M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$697.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$356.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$342.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$175.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$992.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$548.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$395.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$947.00K	USD	2 Qtrs
Acquisition costs	`AcquisitionCosts`	$77.00K	USD	2 Qtrs
Acquisition costs	`AcquisitionCosts`	$211.00K	USD	2 Qtrs
Acquisition costs	`AcquisitionCosts`	$66.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$66.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$99.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$116.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$221.00K	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$258.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$888.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.84M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-888.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.60M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.26M	USD	1 Quarter
Other income (expenses) , net	`OtherIncome`	$64.00K	USD	2 Qtrs
Other income (expenses) , net	`OtherIncome`	$-28.00K	USD	1 Quarter
Other income (expenses) , net	`OtherIncome`	$-190.00K	USD	2 Qtrs
Other income (expenses) , net	`OtherIncome`	$-93.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-330.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$145.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-127.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-74.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-277.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-465.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-192.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$955.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$244.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$864.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-644.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.79M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.87	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.06	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.87	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.78M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.07M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.01M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.78M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.01M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.07M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-644.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-330.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$145.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$74.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$465.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$109.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$98.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$115.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$286.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$17.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-177.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-275.00K	USD	2 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-25.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-98.00K	USD	2 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$138.00K	USD	2 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$41.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-17.00K	USD	2 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-10.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-82.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$150.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-127.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-103.00K	USD	2 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$207.00K	USD	2 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	-	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.75M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.61M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.95M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.05M	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.88M	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.12M	USD	2 Qtrs
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$550.00K	USD	2 Qtrs
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$25.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-969.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.37M	USD	2 Qtrs
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	2 Qtrs
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$787.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$787.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$547.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$564.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$564.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$10.96M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.45M	USD	Point-in-time
Issuance of common stock and prefunded common stock warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$787.00K	USD	1 Quarter
Issuance of common stock and prefunded common stock warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$787.00K	USD	2 Qtrs
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues`	$2.70M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$98.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$286.00K	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$115.00K	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$109.00K	USD	1 Quarter
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-644.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$10.96M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.45M	USD	Point-in-time

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