10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001415889-13-001019`
Period End Date	20130331
Filing Date	20130520
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	spex-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 50

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$308.39K	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$319.83K	USD	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.81M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$1.31K	USD	Point-in-time
Preferred stock, series B shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Preferred stock, series B shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.51K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.42K	USD	Point-in-time
Preferred stock, series B shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$100.47K	USD	Point-in-time
Preferred stock, series B liquidation preference, per share	`PreferredStockSeriesBLiquidationPreferencePerShare`	$1.00K	USD	Point-in-time
Preferred stock, series B liquidation preference, per share	`PreferredStockSeriesBLiquidationPreferencePerShare`	$1.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$82.21K	USD	Point-in-time
Preferred stock, series C shares issued	`PreferredStockSeriesCSharesIssued1`	229,337.00	shares	Point-in-time
Assets of segment held for sale	`AssetsHeldForSaleAtCarryingValue`	$104.27K	USD	Point-in-time
Assets of segment held for sale	`AssetsHeldForSaleAtCarryingValue`	-	USD	Point-in-time
Preferred stock, series C shares issued	`PreferredStockSeriesCSharesIssued1`	-	shares	Point-in-time
Preferred stock, series C shares outstanding	`PreferredStockSeriesCSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.71M	USD	Point-in-time
Preferred stock, series C shares outstanding	`PreferredStockSeriesCSharesOutstanding`	229,337.00	shares	Point-in-time
Preferred stock, series C liquidation preference, per share	`PreferredStockSeriesCLiquidationPreferencePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $319,830 and $308,386	`PropertyPlantAndEquipmentNet`	$7.93K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $319,830 and $308,386	`PropertyPlantAndEquipmentNet`	$24.01K	USD	Point-in-time
Preferred stock, series C liquidation preference, per share	`PreferredStockSeriesCLiquidationPreferencePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$29.50K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.62K	USD	Point-in-time
Total assets	`Assets`	$4.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$3.57M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	814,114.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	814,114.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	813,713.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	813,713.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	401.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$358.38K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	401.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$425.77K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$85.28K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$280.26K	USD	Point-in-time
Liabilities of segment held for sale	`LiabilitiesOfAssetsHeldForSale`	$25.04K	USD	Point-in-time
Liabilities of segment held for sale	`LiabilitiesOfAssetsHeldForSale`	$10.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$453.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$731.08K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$45.28K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$45.08K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$215.85K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$715.00K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized; Series B: 1 share issued and outstanding at March 31, 2013 and December 31, 2012; liquidation preference $1,000 per share	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized; Series B: 1 share issued and outstanding at March 31, 2013 and December 31, 2012; liquidation preference $1,000 per share	`PreferredStockValue`	-	USD	Point-in-time
Series C: 229,337 shares issued and outstanding at March 31, 2013, and none issued and outstanding at December 31, 2012; liquidation preference $0.0001 per share	`SeriesC229337SharesIssuedAndOutstandingAtMarch312013AndNoneIssuedAndOutstandingAtDecember312012LiquidationPreference0.0001PerShare`	-	USD	Point-in-time
Series C: 229,337 shares issued and outstanding at March 31, 2013, and none issued and outstanding at December 31, 2012; liquidation preference $0.0001 per share	`SeriesC229337SharesIssuedAndOutstandingAtMarch312013AndNoneIssuedAndOutstandingAtDecember312012LiquidationPreference0.0001PerShare`	$23.00	USD	Point-in-time
Common stock, $0.0001 par value, 50,000,000 shares authorized; 814,114 issued at at March 31, 2013 and December 31, 2012 and 813,713 outstanding at March 31, 2013 and December 31, 2012	`CommonStockValue`	$82.00	USD	Point-in-time
Common stock, $0.0001 par value, 50,000,000 shares authorized; 814,114 issued at at March 31, 2013 and December 31, 2012 and 813,713 outstanding at March 31, 2013 and December 31, 2012	`CommonStockValue`	$82.00	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$42.33M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$36.63M	USD	Point-in-time
Treasury stock, at cost, 401 shares at March 31, 2013 and December 31, 2012	`TreasuryStockValue`	$464.79K	USD	Point-in-time
Treasury stock, at cost, 401 shares at March 31, 2013 and December 31, 2012	`TreasuryStockValue`	$464.79K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$854.48K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.76M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$5.76K	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$5.76K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$371.40K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$43.07K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$873.24K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$692.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$916.31K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.06M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-910.55K	USD	1 Quarter
Unrealized (loss) gain on the change in fair value of warrant liabilities	`FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInOtherIncome`	$-339.31K	USD	1 Quarter
Unrealized (loss) gain on the change in fair value of warrant liabilities	`FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInOtherIncome`	$2.79M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.02K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$372.00	USD	1 Quarter
Loss from continuing operations	`LossFromContinuingOperations`	$723.57K	USD	1 Quarter
Loss from continuing operations	`LossFromContinuingOperations`	$3.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.70M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-723.57K	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-110.72K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-110.72K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-834.28K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-3.89	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-5.35	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.59	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	$-5.35	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	$-4.48	USD	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	691,213.00	shares	1 Quarter
Weighted average number of shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	186,101.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-834.28K	USD	1 Quarter
Fair value adjustment of warrant liabilities	`FairValueAdjustmentOfWarrantLiabilities`	$2.79M	USD	1 Quarter
Fair value adjustment of warrant liabilities	`FairValueAdjustmentOfWarrantLiabilities`	$-339.31K	USD	1 Quarter
Issuance costs of warrants accounted for at fair value	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Issuance costs of warrants accounted for at fair value	`ProceedsFromIssuanceOfWarrants`	$17.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.08K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.14K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.67K	USD	1 Quarter
Trade and other receivables	`TradeAndOtherReceivables`	$-1.40K	USD	1 Quarter
Trade and other receivables	`TradeAndOtherReceivables`	$-27.19K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$241.02K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.39K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-170.85K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-262.38K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-8.60K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$204.00	USD	1 Quarter
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-1.14M	USD	1 Quarter
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-1.10M	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-63.90K	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$89.43K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.17M	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-1.60K	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.60K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	1 Quarter
Issuance cost of common stock and warrants	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Issuance cost of common stock and warrants	`PaymentsOfStockIssuanceCosts`	$84.00K	USD	1 Quarter
Net cash provided by activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-102.51K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.05M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.81M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.81M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.91M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`IssuanceOfSeriesCConvertiblePreferredStockInConnectionWithExchangeOfWarrants`	-	USD	1 Quarter
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`IssuanceOfSeriesCConvertiblePreferredStockInConnectionWithExchangeOfWarrants`	$5.70M	USD	1 Quarter

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