10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001415889-14-002451`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	spex-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 52 Cash Flow Statement 68

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Series I redeemable preferred stock, par value (in dollars per share)	`SeriesIRedeemablePreferredStockParValue`	$0.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	35,541.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$151.00K	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	119,760.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$87.00K	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`	35,541.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.28M	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$64.83M	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$59.96M	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	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
Goodwill	`Goodwill`	$1.71M	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$30.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$30.00K	USD	Point-in-time
Total assets	`Assets`	$68.93M	USD	Point-in-time
Total assets	`Assets`	$69.85M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$881.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$41.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$233.00K	USD	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.77M	shares	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	$1.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.79M	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$1.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.79M	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$48.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	401.00	shares	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$923.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 35,541 shares issued and outstanding at June 30, 2014 and 119,760 shares issued and outstanding at December 31, 2013; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$5.93M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 35,541 shares issued and outstanding at June 30, 2014 and 119,760 shares issued and outstanding at December 31, 2013; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$20.00M	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares authorized; 27,786,655 shares and 3,770,113 shares issued at June 30, 2014 and December 31, 2013, respectively; 27,786,427 and 3,769,712 shares outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares authorized; 27,786,655 shares and 3,770,113 shares issued at June 30, 2014 and December 31, 2013, respectively; 27,786,427 and 3,769,712 shares outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$135.14M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$102.04M	USD	Point-in-time
Treasury stock, at cost, 228 shares at June 30, 2014 and 401 shares at December 31, 2013	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 228 shares at June 30, 2014 and 401 shares at December 31, 2013	`TreasuryStockValue`	$465.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$62.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$48.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$68.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.85M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$6.00K	USD	2 Qtrs
Revenue	`Revenues`	$7.00K	USD	2 Qtrs
Revenue	`Revenues`	$3.00K	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization of patents	`AdjustmentForAmortization`	$4.88M	USD	2 Qtrs
Amortization of patents	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	$2.45M	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$10.75M	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$281.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$737.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$7.22M	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$5.00K	USD	1 Quarter
Depreciation	`Depreciation`	$22.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.10M	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.98M	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.92M	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$661.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$947.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.86M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$19.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.59M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.86M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-11.59M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.59M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-947.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$16.00K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$11.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.65M	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-139.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-47.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.65M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$63.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$140.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-19.53M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-807.00K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.14	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.80	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-6.44	USD	2 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	699,614.00	shares	2 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.88M	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	705,631.00	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.84M	shares	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-19.53M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-807.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$4.88M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.45M	USD	1 Quarter
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	$654.00K	USD	2 Qtrs
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	-	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.65M	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-139.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-47.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$5.00K	USD	1 Quarter
Depreciation	`Depreciation`	$22.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$10.39M	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$8.00K	USD	2 Qtrs
Deferred rent	`DeferredRent`	$-1.00K	USD	2 Qtrs
Deferred rent	`DeferredRent`	-	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInReceivables`	-	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInReceivables`	$3.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$64.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-264.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$501.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-192.00K	USD	2 Qtrs
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-2.06M	USD	2 Qtrs
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-3.29M	USD	2 Qtrs
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$84.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.29M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.98M	USD	2 Qtrs
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	$-1.00M	USD	2 Qtrs
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	2 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	$3.87M	USD	2 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$18.50M	USD	2 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$500.00K	USD	2 Qtrs
Redemption of redeemable Series I	`RedemptionOfRedeemableSeriesI`	$-14.06M	USD	2 Qtrs
Redemption of redeemable Series I	`RedemptionOfRedeemableSeriesI`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.31M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$500.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.02M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.48M	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	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`	$3.12M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	2 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	2 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	$201.00K	USD	2 Qtrs
Conversion of preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	2 Qtrs
Conversion of preferred stock to common stock	`ConversionOfStockAmountConverted1`	$3.00K	USD	2 Qtrs
Accrual of offering costs related to issuance of Series J Convertible Preferred Stock	`AccrualOfOfferingCostsRelatedToIssuanceOfSeriesJConvertiblePreferredStock`	-	USD	2 Qtrs
Accrual of offering costs related to issuance of Series J Convertible Preferred Stock	`AccrualOfOfferingCostsRelatedToIssuanceOfSeriesJConvertiblePreferredStock`	$110.00K	USD	2 Qtrs
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	-	USD	2 Qtrs
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	$5.70M	USD	2 Qtrs

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