10-K Filing

Dominari Holdings Inc. CIK: 12239 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001213900-20-002309`
Period End Date	20191231
Filing Date	20200203
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	spex-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 32 Cash Flow Statement 68 Stockholders Equity 16

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.70M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$857.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$188.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$181.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	4.83M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.01M	shares	Point-in-time
Investments	`Investments`	$10.15M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	4.83M	shares	Point-in-time
Investments	`Investments`	$10.35M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.01M	shares	Point-in-time
Total assets	`Assets`	$13.25M	USD	Point-in-time
Total assets	`Assets`	$11.28M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$682.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$732.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	$207.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$750.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$750.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 4,825,552 and 2,010,028 shares issued at December 31, 2019 and 2018, respectively; 4,825,549 and 2,010,025 shares outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 4,825,552 and 2,010,028 shares issued at December 31, 2019 and 2018, respectively; 4,825,549 and 2,010,025 shares outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$155.06M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.44M	USD	Point-in-time
Treasury stock, at cost, 3 shares at December 31, 2019 and 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 3 shares at December 31, 2019 and 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-144.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$3.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.25M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$28.00K	USD	Annual
Revenues	`Revenues`	$9.00K	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.41M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.32M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.17M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.52M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$2.17M	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.69M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.90M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.68M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.87M	USD	Annual
Other income (expenses), net	`OtherIncome`	$14.00K	USD	Annual
Other income (expenses), net	`OtherIncome`	$-333.00K	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$1.41M	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$8.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-740.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-82.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$8.60M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$1.50M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-4.18M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$1.73M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.91	USD	Annual
Basic	`EarningsPerShareBasic`	$-1.67	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.91	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-1.67	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.90M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.51M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.90M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.51M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-4.18M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$1.73M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.41M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$1.41M	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$8.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$82.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$740.00K	USD	Annual
Research and development-acquired license, expensed	`ResearchAndDevelopmentacquiredLicenseExpensed`	$2.51M	USD	Annual
Research and development-acquired license, expensed	`ResearchAndDevelopmentacquiredLicenseExpensed`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$320.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$329.00K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$38.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-172.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-400.00K	USD	Annual
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$145.00K	USD	Annual
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-117.00K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$2.17M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$74.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-64.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$37.00K	USD	Annual
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	-	USD	Annual
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$107.00K	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.02M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.73M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$8.46M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.28M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.28M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$15.06M	USD	Annual
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$200.00K	USD	Annual
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$922.00K	USD	Annual
Release of deposit	`ReleaseOfDeposit`	-	USD	Annual
Release of deposit	`ReleaseOfDeposit`	$-26.00K	USD	Annual
Purchase of research and development licenses	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	Annual
Purchase of research and development licenses	`PaymentsToAcquireInProcessResearchAndDevelopment`	$360.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.26M	USD	Annual
Proceeds from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	Annual
Proceeds from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$787.00K	USD	Annual
Proceeds from issuance common stock/ At-the-market offering	`GrossProceedsFromIssuanceOfCommonStock`	$1.15M	USD	Annual
Proceeds from issuance common stock/ At-the-market offering	`GrossProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Offering costs fro the issuance of common stock / At-the-market offering	`OfferingCostsFroIssuanceOfCommonStockAtthemarketOffering`	-	USD	Annual
Offering costs fro the issuance of common stock / At-the-market offering	`OfferingCostsFroIssuanceOfCommonStockAtthemarketOffering`	$-106.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.83M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$74.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-180.00K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	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`	$17.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Investment in DatChat	`InvestmentInDatchat`	$207.00K	USD	Annual
Investment in DatChat	`InvestmentInDatchat`	-	USD	Annual
Investment in Mellow Scooters	`InvestmentInMellowScooters`	$2.00K	USD	Annual
Investment in Mellow Scooters	`InvestmentInMellowScooters`	-	USD	Annual
Distribution of Hoth common stock	`DistributionOfHothCommonStock`	-	USD	Annual
Distribution of Hoth common stock	`DistributionOfHothCommonStock`	$1.70M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Issuance of common stock and prefunded common stock warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$787.00K	USD	Annual
Issuance of common stock, net of offering cost / At-the-market offering	`StockIssuedDuringPeriodValueNewIssues`	$1.05M	USD	Annual
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues1`	$2.70M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$329.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$320.00K	USD	Annual
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	Annual
Issuance of common stock for research and development - license acquired	`StockIssuedDuringPeriodValueNewIssuesResearchAndDevelopmentLicenseAcquired`	$2.15M	USD	Annual
Distribution of Hoth common stock	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.70M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-4.18M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$1.73M	USD	Annual
Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time

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