10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-022956`
Period End Date	20190930
Filing Date	20191112
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	spex-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 56 Cash Flow Statement 72 Stockholders Equity 26

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$313.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.70M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$938.00K	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
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$52.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$188.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.30M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.01M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.59M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Investments	`Investments`	$8.13M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Investments	`Investments`	$10.35M	USD	Point-in-time
Total assets	`Assets`	$13.25M	USD	Point-in-time
Total assets	`Assets`	$9.43M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$257.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$732.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$594.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$1.00K	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`	$852.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$852.00K	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; 2,593,783 and 2,010,028 shares issued at September 30, 2019 and December 31, 2018; 2,593,780 and 2,010,025 shares outstanding at September 30, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Common stock, 0.0001 par value, 100,000,000 shares authorized; 2,593,783 and 2,010,028 shares issued at September 30, 2019 and December 31, 2018; 2,593,780 and 2,010,025 shares outstanding at September 30, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$154.08M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.44M	USD	Point-in-time
Treasury stock, at cost, 3 shares at September 30, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 3 shares at September 30, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.43M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.03M	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$346.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$554.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.48M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.71M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$892.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development - license acquired	`ResearchAndDevelopmentExpenseLicenseAcquired`	$10.00K	USD	1 Quarter
Research and development - license acquired	`ResearchAndDevelopmentExpenseLicenseAcquired`	$10.00K	USD	3 Qtrs
Research and development - license acquired	`ResearchAndDevelopmentExpenseLicenseAcquired`	-	USD	3 Qtrs
Research and development - license acquired	`ResearchAndDevelopmentExpenseLicenseAcquired`	-	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.05M	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.05M	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.79M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.50M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$902.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.95M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.79M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-902.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.50M	USD	3 Qtrs
Other (expenses) income, net	`OtherIncome`	$-225.00K	USD	3 Qtrs
Other (expenses) income, net	`OtherIncome`	$-33.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$-35.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$31.00K	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-2.77M	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-2.44M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-560.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-95.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-81.00K	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-2.65M	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$60.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$1.01M	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-2.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.77M	USD	3 Qtrs
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.38	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.94	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-2.35	USD	3 Qtrs
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-2.03	USD	3 Qtrs
Weighted average number of shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.44M	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	3 Qtrs
Weighted average number of shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.01M	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.86M	shares	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.77M	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.03M	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$346.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-2.77M	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-2.44M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$560.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$81.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$329.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$28.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$214.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$314.00K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$38.00K	USD	3 Qtrs
Depreciation expense	`Depreciation`	-	USD	3 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-130.00K	USD	3 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-361.00K	USD	3 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-32.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-86.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$3.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-14.00K	USD	3 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-6.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$132.00K	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.05M	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.05M	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-74.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-136.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$125.00K	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-117.00K	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-138.00K	USD	3 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$207.00K	USD	3 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	-	USD	3 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	3 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.29M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.31M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$6.65M	USD	3 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.42M	USD	3 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$13.52M	USD	3 Qtrs
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$677.00K	USD	3 Qtrs
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$550.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.22M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-499.00K	USD	3 Qtrs
Proceeds from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$787.00K	USD	3 Qtrs
Proceeds from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	3 Qtrs
Proceeds from issuance common stock/ At-the-market offering	`GrossProceedsFromIssuanceOfCommonStock`	$602.00K	USD	3 Qtrs
Proceeds from issuance common stock/ At-the-market offering	`GrossProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Offering costs fro the issuance of common stock / At-the-market offering	`OfferingCostsFroIssuanceOfCommonStockAtthemarketOffering`	-	USD	3 Qtrs
Offering costs fro the issuance of common stock / At-the-market offering	`OfferingCostsFroIssuanceOfCommonStockAtthemarketOffering`	$-79.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.31M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$296.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$313.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$313.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$6.59M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.58M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.45M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Issuance of common stock and prefunded common stock warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$787.00K	USD	3 Qtrs
Issuance of common stock, net of offering cost / At-the-market offering	`StockIssuedDuringPeriodValueNewIssues`	$523.00K	USD	3 Qtrs
Issuance of common stock, net of offering cost / At-the-market offering	`StockIssuedDuringPeriodValueNewIssues`	$523.00K	USD	1 Quarter
Warrant exercise	`StockIssuedDuringPeriodValueWarrantExercise`	-	USD	1 Quarter
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues1`	$2.70M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$28.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$214.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$329.00K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$314.00K	USD	3 Qtrs
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.77M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$6.59M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.58M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.45M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time

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