10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001415889-14-003487`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	spex-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 52 Cash Flow Statement 76

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.00K	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`	$151.00K	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	35,541.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.28M	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`	$5.62M	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00K	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$64.83M	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$57.48M	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`	$26.00K	USD	Point-in-time
Total assets	`Assets`	$64.84M	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`	$270.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$145.00K	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`	$39.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.77M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.60M	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$233.00K	USD	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	$1.00M	USD	Point-in-time
Accrued patent cost	`DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.60M	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$48.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	401.00	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$1.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$185.00K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 35,541 shares issued and outstanding at September 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 September 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; 28,599,695 shares and 3,770,113 shares issued at September 30, 2014 and December 31, 2013, respectively; 28,599,467 and 3,769,712 shares outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares authorized; 28,599,695 shares and 3,770,113 shares issued at September 30, 2014 and December 31, 2013, respectively; 28,599,467 and 3,769,712 shares outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$136.93M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$102.04M	USD	Point-in-time
Treasury stock, at cost, 228 shares at September 30, 2014 and 401 shares at December 31, 2013	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 228 shares at September 30, 2014 and 401 shares at December 31, 2013	`TreasuryStockValue`	$465.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-77.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$48.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$64.84M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.00K	USD	1 Quarter
Revenue	`Revenues`	$9.00K	USD	3 Qtrs
Revenue	`Revenues`	$2.00K	USD	1 Quarter
Revenue	`Revenues`	$8.00K	USD	3 Qtrs
Amortization of patents	`AdjustmentForAmortization`	$134.00K	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	$134.00K	USD	3 Qtrs
Amortization of patents	`AdjustmentForAmortization`	$2.48M	USD	1 Quarter
Amortization of patents	`AdjustmentForAmortization`	$7.35M	USD	3 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$7.13M	USD	3 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$1.80M	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$12.55M	USD	3 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$6.39M	USD	1 Quarter
Depreciation	`Depreciation`	$24.00K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$3.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.87M	USD	3 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.90M	USD	3 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.79M	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$889.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.18M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$24.77M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-24.76M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-11.17M	USD	3 Qtrs
Other income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Other income	`InterestIncomeExpenseNet`	-	USD	3 Qtrs
Other income	`InterestIncomeExpenseNet`	$17.00K	USD	1 Quarter
Other income	`InterestIncomeExpenseNet`	$34.00K	USD	3 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-37.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-1.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.61M	USD	3 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-47.00K	USD	3 Qtrs
Total other income (expenses)	`OtherIncome`	$81.00K	USD	3 Qtrs
Total other income (expenses)	`OtherIncome`	$-2.61M	USD	3 Qtrs
Total other income (expenses)	`OtherIncome`	$18.00K	USD	1 Quarter
Total other income (expenses)	`OtherIncome`	$37.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.14M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.78M	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-6.93	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-14.43	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.47	USD	3 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.74M	shares	3 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.34M	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	955,292.00	shares	3 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.07M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.14M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.78M	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$134.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$134.00K	USD	3 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.48M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$7.35M	USD	3 Qtrs
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	$654.00K	USD	3 Qtrs
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	-	USD	3 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-37.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-1.00K	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$2.61M	USD	3 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-47.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$24.00K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$3.00K	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$11.95M	USD	3 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$7.40M	USD	3 Qtrs
Issuance of common stock - financial advisor	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Issuance of common stock - financial advisor	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$225.00K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInReceivables`	-	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInReceivables`	$4.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$60.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$83.00K	USD	3 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$4.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-171.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-125.00K	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	3 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-194.00K	USD	3 Qtrs
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-4.77M	USD	3 Qtrs
Net cash used in activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-3.72M	USD	3 Qtrs
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by (used in) activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$82.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.64M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.77M	USD	3 Qtrs
Cash acquired in acquisition of North South	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash acquired in acquisition of North South	`CashAcquiredFromAcquisition`	$2.68M	USD	3 Qtrs
Purchase of patent portfolio	`PaymentsToAcquireIntangibleAssets`	$2.00M	USD	3 Qtrs
Purchase of patent portfolio	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	3 Qtrs
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	$1.00M	USD	3 Qtrs
Payment of accrued patent costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$682.00K	USD	3 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	$3.87M	USD	3 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$500.00K	USD	3 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$500.00K	USD	3 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$18.39M	USD	3 Qtrs
Redemption of redeemable Series I	`RedemptionOfRedeemableSeriesI`	$-14.06M	USD	3 Qtrs
Redemption of redeemable Series I	`RedemptionOfRedeemableSeriesI`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.96M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.42M	USD	3 Qtrs
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`	$5.55M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	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`	$5.55M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest and taxes	`InterestAndTaxesPaid`	-	USD	3 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	3 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	$201.00K	USD	3 Qtrs
Conversion of preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	3 Qtrs
Conversion of preferred stock to common stock	`ConversionOfStockAmountConverted1`	$3.00K	USD	3 Qtrs
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	$5.70M	USD	3 Qtrs
Issuance of Series C Convertible Preferred Stock in connection with exchange of warrants	`ConversionOfStockAmountIssued1`	-	USD	3 Qtrs

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