10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001415889-14-001535`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	spex-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 26 Cash Flow Statement 52

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.69M	USD	Point-in-time
Patents, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$267.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Series I redeemable preferred stock, par value (in dollars per share)	`SeriesIRedeemablePreferredStockParValue`	$0.00	USD	Point-in-time
Series I redeemable preferred stock, par value (in dollars per share)	`SeriesIRedeemablePreferredStockParValue`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$151.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$107.00K	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	119,760.00	shares	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	119,760.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.61M	USD	Point-in-time
Patent portfolios, net of accumulated amortization of $2,695 and $267	`FiniteLivedIntangibleAssetsNet`	$64.83M	USD	Point-in-time
Patent portfolios, net of accumulated amortization of $2,695 and $267	`FiniteLivedIntangibleAssetsNet`	$62.41M	USD	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	119,760.00	shares	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	119,760.00	shares	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Goodwill	`Goodwill`	$1.71M	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Goodwill	`Goodwill`	$1.71M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$30.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$30.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total assets	`Assets`	$69.85M	USD	Point-in-time
Total assets	`Assets`	$68.76M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$233.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$77.00K	USD	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	$1.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.21M	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$8.00K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$48.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.21M	shares	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.77M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	401.00	shares	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 119,760 shares issued and outstanding; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$20.00M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 119,760 shares issued and outstanding; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$20.00M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares and 50,000,000 shares authorized at March 31, 2014 and December 31, 2013, respectively; 8,206,335 shares and 3,770,113 shares issued at at March 31, 2014 and December 31, 2013, respectively; 8,196,107 and 3,769,712 shares outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares and 50,000,000 shares authorized at March 31, 2014 and December 31, 2013, respectively; 8,206,335 shares and 3,770,113 shares issued at at March 31, 2014 and December 31, 2013, respectively; 8,196,107 and 3,769,712 shares outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$109.14M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$102.04M	USD	Point-in-time
Treasury stock, at cost, 228 shares at March 31, 2014 and 401 shares at December 31, 2013, respectively	`TreasuryStockValue`	$465.00K	USD	Point-in-time
Treasury stock, at cost, 228 shares at March 31, 2014 and 401 shares at December 31, 2013, respectively	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$48.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$47.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$68.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.85M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$4.00K	USD	1 Quarter
Revenue	`Revenues`	$6.00K	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	$2.43M	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	-	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$3.53M	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$455.00K	USD	1 Quarter
Depreciation	`Depreciation`	$16.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$446.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$917.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-911.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.01M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$6.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-40.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.79M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.79M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-5.35	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.66	USD	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	691,213.00	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.79M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.43M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-40.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.79M	USD	1 Quarter
Depreciation	`Depreciation`	$16.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	$700.00K	USD	1 Quarter
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInReceivables`	$-1.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInReceivables`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-262.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$69.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-156.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	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`	$-1.52M	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$89.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.52M	USD	1 Quarter
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	1 Quarter
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	1 Quarter
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	$3.90M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.90M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.38M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.05M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	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, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	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 and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	1 Quarter
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	1 Quarter
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	1 Quarter
Retirement of treasury stock	`RetirementOfTreasuryStock`	$201.00K	USD	1 Quarter
Conversion of Series D-1 preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.00K	USD	1 Quarter
Conversion of Series D-1 preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	$5.70M	USD	1 Quarter
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	-	USD	1 Quarter

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