10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-038233`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_dominarihold_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 72 Stockholders Equity 21

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.17M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$24.39M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$7.13M	USD	Point-in-time
Clearing broker deposits	`ClearingBrokerDeposits`	$3.55M	USD	Point-in-time
Clearing broker deposits	`ClearingBrokerDeposits`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$564.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$745.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid acquisition cost	`DeferredOfferingCosts`	$301.00K	USD	Point-in-time
Prepaid acquisition cost	`DeferredOfferingCosts`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term investments at fair value	`OtherShortTermInvestments`	$13.00K	USD	Point-in-time
Short-term investments at fair value	`OtherShortTermInvestments`	$13.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.82M	shares	Point-in-time
Notes receivable, at fair value - current portion	`NotesAndLoansReceivableNetCurrent`	$7.47M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.49M	shares	Point-in-time
Notes receivable, at fair value - current portion	`NotesAndLoansReceivableNetCurrent`	$6.54M	USD	Point-in-time
Investment in Fieldpoint Securities	`InvestmentInFieldPointSecuritie`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.76M	shares	Point-in-time
Investment in Fieldpoint Securities	`InvestmentInFieldPointSecuritie`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.77M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonShares`	60,148.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$50.66M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonShares`	468,017.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$353.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Notes receivable, at fair value - non-current portion	`NotesAndLoansReceivableNetNoncurrent`	$1.10M	USD	Point-in-time
Notes receivable, at fair value - non-current portion	`NotesAndLoansReceivableNetNoncurrent`	$1.85M	USD	Point-in-time
Investments	`LongTermInvestments`	$23.10M	USD	Point-in-time
Investments	`LongTermInvestments`	$23.10M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$919.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.62M	USD	Point-in-time
Security deposit	`SecurityDeposit`	$458.00K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$458.00K	USD	Point-in-time
Total assets	`Assets`	$76.24M	USD	Point-in-time
Total assets	`Assets`	$74.15M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$641.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$447.00K	USD	Point-in-time
Accrued salaries and benefits	`AccruedSalariesAndBenefit`	$732.00K	USD	Point-in-time
Accrued salaries and benefits	`AccruedSalariesAndBenefit`	$1.26M	USD	Point-in-time
Accrued Commissions	`EmployeeRelatedLiabilitiesCurrent`	$25.00K	USD	Point-in-time
Accrued Commissions	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Lease liability - current	`FinanceLeaseLiabilityCurrent`	$198.00K	USD	Point-in-time
Lease liability - current	`FinanceLeaseLiabilityCurrent`	$82.00K	USD	Point-in-time
Other Current liability	`OtherLiabilitiesCurrent`	$124.00K	USD	Point-in-time
Other Current liability	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityNoncurrent`	$3.36M	USD	Point-in-time
Lease liability	`FinanceLeaseLiabilityNoncurrent`	$680.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.47M	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 4,815,597 and 5,485,096 shares issued at March 31, 2023 and December 31, 2022, respectively; 4,755,449 and 5,017,079 shares outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 4,815,597 and 5,485,096 shares issued at March 31, 2023 and December 31, 2022, respectively; 4,755,449 and 5,017,079 shares outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$262.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$259.21M	USD	Point-in-time
Treasury stock, at cost, 60,148 and 468,017 shares at March 31, 2023 and December 31, 2022, respectively	`TreasuryStockValue`	$3.32M	USD	Point-in-time
Treasury stock, at cost, 60,148 and 468,017 shares at March 31, 2023 and December 31, 2022, respectively	`TreasuryStockValue`	$501.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-189.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$73.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$101.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$69.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$95.05M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$74.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$76.24M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Diluted	`EarningsPerShareDiluted`	$-1.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.71	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.25M	shares	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.79M	USD	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.31M	shares	1 Quarter
Research and development	`OtherResearchAndDevelopmentExpense`	$1.00K	USD	1 Quarter
Research and development	`OtherResearchAndDevelopmentExpense`	$2.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.83M	USD	1 Quarter
Other income	`OtherIncome`	$64.00K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$137.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$179.00K	USD	1 Quarter
Loss on marketable securities	`MarketableSecuritiesGainLoss`	$-65.00K	USD	1 Quarter
Loss on marketable securities	`MarketableSecuritiesGainLoss`	$-497.00K	USD	1 Quarter
Change in fair value of investments	`GainLossOnInvestments`	$522.00K	USD	1 Quarter
Change in fair value of investments	`GainLossOnInvestments`	-	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$268.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.76M	USD	1 Quarter
Deemed dividends related to Series O and Series P Redeemable Convertible Preferred Stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Deemed dividends related to Series O and Series P Redeemable Convertible Preferred Stock	`PreferredStockDividendsAndOtherAdjustments`	$3.01M	USD	1 Quarter
Net Loss Attributable to Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-6.54M	USD	1 Quarter
Net Loss Attributable to Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.76M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-1.25	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.71	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.25M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.31M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.76M	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightofuseAssets`	$-92.00K	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightofuseAssets`	-	USD	1 Quarter
Depreciation	`Depreciation`	$7.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Change in fair value of short-term investment	`ChangeInFairValueOfShorttermInvestment`	$886.00K	USD	1 Quarter
Change in fair value of long-term investment	`ChangeInFairValueOfLongtermInvestment`	$-1.41M	USD	1 Quarter
Change in fair value of long-term investment	`ChangeInFairValueOfLongtermInvestment`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-224.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-56.00K	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-333.00K	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-130.00K	USD	1 Quarter
Realized gain on sale of digital currencies	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Realized gain on sale of digital currencies	`GainLossOnSaleOfOtherAssets`	$64.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-66.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$221.00K	USD	1 Quarter
Prepaid acquisition cost	`IncreaseDecreaseInPrepaidAcquisitionCost`	$-301.00K	USD	1 Quarter
Prepaid acquisition cost	`IncreaseDecreaseInPrepaidAcquisitionCost`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-172.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInAccruedSalaries`	$-528.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInAccruedSalaries`	$6.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$7.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	1 Quarter
Notes receivable, at fair value net interest accrued	`IncreaseDecreaseInNotesReceivables`	$179.00K	USD	1 Quarter
Notes receivable, at fair value net interest accrued	`IncreaseDecreaseInNotesReceivables`	$62.00K	USD	1 Quarter
Deposit	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposit	`IncreaseDecreaseInDepositOtherAssets`	$-7.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.99M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.84M	USD	1 Quarter
Purchase of marketable securities	`PurchaseOfMarketableSecurities`	$27.10M	USD	1 Quarter
Purchase of marketable securities	`PurchaseOfMarketableSecurities`	$17.52M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.66M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$68.00K	USD	1 Quarter
Proceeds from sale of digital currencies	`ProceedsFromSaleOfDatChatCommonShares`	-	USD	1 Quarter
Proceeds from sale of digital currencies	`ProceedsFromSaleOfDatChatCommonShares`	$93.00K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquireEquityMethodInvestments`	$361.00K	USD	1 Quarter
Acquisition of FPS, net of cash acquired and receivable owed from FPS	`ReturnOfDepositfundingOfDepositIntoAManagedAccountNet`	$1.15M	USD	1 Quarter
Collection of principal on note receivable	`PurchaseOfConvertibleNote`	$-250.00K	USD	1 Quarter
Purchase of short-term and long-term investments	`PurchaseOfShorttermAndLongtermPromissoryNotes`	$7.74M	USD	1 Quarter
Purchase of short-term and long-term investments	`PurchaseOfShorttermAndLongtermPromissoryNotes`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.08M	USD	1 Quarter
Proceeds from issuance of Series O and Series P Redeemable Convertible Preferred Stock, net of discount and offering cost	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Proceeds from issuance of Series O and Series P Redeemable Convertible Preferred Stock, net of discount and offering cost	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$18.99M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$939.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-939.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.99M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.64M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.08M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.53M	USD	Point-in-time
Transfer from short-term investment to marketable securities	`TransferFromLongtermInvestmentToMarketableSecurites`	-	USD	1 Quarter
Transfer from short-term investment to marketable securities	`TransferFromLongtermInvestmentToMarketableSecurites`	$1.48M	USD	1 Quarter
Reclassify from convertible note receivable to notes receivable at fair value	`PromissoryConvertibleNoteReceivableConversionIntoCommonShares`	-	USD	1 Quarter
Reclassify from convertible note receivable to notes receivable at fair value	`PromissoryConvertibleNoteReceivableConversionIntoCommonShares`	$2.15M	USD	1 Quarter
Net assets acquired, net of cash acquired and receivable owed from FPS	`StockIssued1`	$3.15M	USD	1 Quarter
Less - Deposit previously transferred in October 2022 to FPS	`LessDepositPreviouslyTransferredInOctober2022ToFPS`	$2.00M	USD	1 Quarter
Net cash paid	`IncomeTaxesPaid`	$1.15M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$73.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$101.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$69.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$95.05M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$5.00K	USD	1 Quarter
Cancellation of common stock	`CancellationOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$939.00K	USD	1 Quarter
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	1 Quarter
Issuance of Series O redeemable convertible preferred stock for cash	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of Series P redeemable convertible preferred stock for cash	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	-	USD	1 Quarter
Cost on issuance of Series O and Series P Redeemable Convertible Preferred Stock	`StockIssuedDuringPeriodValueOther`	$1.00M	USD	Point-in-time
Cost on issuance of Series O and Series P Redeemable Convertible Preferred Stock	`StockIssuedDuringPeriodValueOther`	$1.40M	USD	Point-in-time
Cost on issuance of Series O and Series P Redeemable Convertible Preferred Stock	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Deemed dividends related to Series O and Series P Redeemable Convertible Preferred Stock	`RedemptionOfSeriesPRedeemableConvertiblePreferredStock`	$-3.01M	USD	1 Quarter
Cancellation of common stock related to investment in CBM	`DistributionOfHothCommonStock`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.76M	USD	1 Quarter
Balance	`StockholdersEquity`	$73.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$101.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$69.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$95.05M	USD	Point-in-time

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