10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-036928`
Period End Date	20200930
Filing Date	20201113
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	aiki-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 52 Cash Flow Statement 62 Stockholders Equity 31

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$313.00K	USD	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`	$910.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$857.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$26.39M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$181.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$46.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	4.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.34M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	34.92M	shares	Point-in-time
Investments	`Investments`	$10.15M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	4.83M	shares	Point-in-time
Investments	`Investments`	$2.32M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	34.92M	shares	Point-in-time
Total assets	`Assets`	$29.67M	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`	$11.28M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$98.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$682.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$361.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$459.00K	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`	$459.00K	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; 34,920,222 and 4,825,552 shares issued at September 30, 2020 and December 31, 2019, respectively; 34,920,219 and 4,825,549 shares outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 34,920,222 and 4,825,552 shares issued at September 30, 2020 and December 31, 2019, respectively; 34,920,219 and 4,825,549 shares outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$186.40M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$155.06M	USD	Point-in-time
Treasury stock, at cost, 3 shares at September 30, 2020 and December 31, 2019	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 3 shares at September 30, 2020 and December 31, 2019	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-156.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-144.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.67M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`SellingGeneralAndAdministrativeExpense`	$734.00K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$892.00K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.48M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.05M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$191.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$951.00K	USD	3 Qtrs
Research and development - license acquired	`ResearchAndDevelopmentLicenseAcquired`	$41.00K	USD	1 Quarter
Research and development - license acquired	`ResearchAndDevelopmentLicenseAcquired`	$1.15M	USD	3 Qtrs
Research and development - license acquired	`ResearchAndDevelopmentLicenseAcquired`	$10.00K	USD	1 Quarter
Research and development - license acquired	`ResearchAndDevelopmentLicenseAcquired`	$10.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.16M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.50M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$902.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$966.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-902.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.50M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-966.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.16M	USD	3 Qtrs
Other income	`OtherIncome`	$4.00K	USD	1 Quarter
Other income	`OtherIncome`	$19.00K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-33.00K	USD	1 Quarter
Gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-171.00K	USD	3 Qtrs
Gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-433.00K	USD	1 Quarter
Gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$31.00K	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-2.44M	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-2.77M	USD	3 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$-622.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-7.35M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-81.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-2.46M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-1.05M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-7.50M	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-2.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-2.35	USD	3 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-1.38	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.49	USD	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.99M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.44M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.75M	shares	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter
Change in fair value of investment	`ChangeInFairValueOfInvestment`	$-7.35M	USD	3 Qtrs
Change in fair value of investment	`ChangeInFairValueOfInvestment`	$-2.77M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$81.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	-	USD	3 Qtrs
Research and development-acquired license, expensed	`ResearchAndDevelopmentacquiredLicenseExpensed`	$1.15M	USD	3 Qtrs
Research and development-acquired license, expensed	`ResearchAndDevelopmentacquiredLicenseExpensed`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$329.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Realized (gain) loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-130.00K	USD	3 Qtrs
Realized (gain) loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$97.00K	USD	3 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-781.00K	USD	3 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$132.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-136.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-135.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$125.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.00K	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-138.00K	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-321.00K	USD	3 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$207.00K	USD	3 Qtrs
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$-50.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.58M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$98.52M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$6.65M	USD	3 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$72.01M	USD	3 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.42M	USD	3 Qtrs
Sale of Hoth common shares	`ProceedsFromSaleOfCommonStock`	$460.00K	USD	3 Qtrs
Sale of Hoth common shares	`ProceedsFromSaleOfCommonStock`	-	USD	3 Qtrs
Purchase of investments at fair value	`PaymentsToAcquiresInvestment`	$550.00K	USD	3 Qtrs
Purchase of investments at fair value	`PaymentsToAcquiresInvestment`	-	USD	3 Qtrs
Purchase of research and development licenses	`PaymentsToAcquireInProcessResearchAndDevelopment`	$1.15M	USD	3 Qtrs
Purchase of research and development licenses	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.22M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.21M	USD	3 Qtrs
Proceeds from issuance common stock, common warrants and prefunded warrants, net of offering cost	`ProceedsFromIssuanceCommonStockCommonWarrantsAndPrefundedWarrantsNetOfOfferingCost`	-	USD	3 Qtrs
Proceeds from issuance common stock, common warrants and prefunded warrants, net of offering cost	`ProceedsFromIssuanceCommonStockCommonWarrantsAndPrefundedWarrantsNetOfOfferingCost`	$6.56M	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`	$17.84M	USD	3 Qtrs
Proceeds from issuance common stock/ At-the-market offering	`ProceedsFromIssuanceCommonStockAtthemarketOffering`	-	USD	3 Qtrs
Proceeds from issuance common stock/ At-the-market offering	`ProceedsFromIssuanceCommonStockAtthemarketOffering`	$-602.00K	USD	3 Qtrs
Offering costs from the issuance of common stock / At-the-market offering	`OfferingCostsFromIssuanceOfCommonStockAtthemarketOffering`	$79.00K	USD	3 Qtrs
Offering costs from the issuance of common stock / At-the-market offering	`OfferingCostsFromIssuanceOfCommonStockAtthemarketOffering`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$7.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.61M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.31M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$296.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$819.00K	USD	3 Qtrs
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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$910.00K	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
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$910.00K	USD	Point-in-time
Distribution of Hoth common stock	`DistributionOfHothCommonStock`	-	USD	3 Qtrs
Distribution of Hoth common stock	`DistributionOfHothCommonStock`	$269.00K	USD	3 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$29.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time
Issuance of common stock, common warrants and prefunded warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$787.00K	USD	3 Qtrs
Issuance of common stock, common warrants and prefunded warrants, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$6.56M	USD	3 Qtrs
Issuance of common stock, net of offering cost	`StockIssuedDuringIssuanceOfCommonStockNetOfOfferingCost`	$17.84M	USD	3 Qtrs
Common warrant and prefunded warrant exercise	`StockIssuedDuringPeriodValueExchangeOfCommonSharesForPrefundedWarrants`	$7.20M	USD	3 Qtrs
Fractional shares adjusted for reverse split	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	-	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
Exercise of prefunded common stock warrants	`StockIssuedDuringExerciseOfPrefundedCommonStockWarrants`	-	USD	3 Qtrs
Warrant exercise	`StockIssuedDuringPeriodValueOfCommonWarrantAndPrefundedWarrantExercise`	-	USD	3 Qtrs
Warrant exercise	`StockIssuedDuringPeriodValueOfCommonWarrantAndPrefundedWarrantExercise`	-	USD	1 Quarter
Exchange of common shares for prefunded warrants	`StockIssuedDuringExchangeOfCommonSharesForPrefundedWarrants`	-	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$329.00K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$214.00K	USD	1 Quarter
Distribution of Hoth common stock	`StockIssuedDuringDistributionOfHothCommonStock`	$-269.00K	USD	3 Qtrs
Distribution of Hoth common stock	`StockIssuedDuringDistributionOfHothCommonStock`	$-269.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.16M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter
Balance	`StockholdersEquity`	$8.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$29.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.21M	USD	Point-in-time

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