10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001415889-15-001585`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	spex-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 26 Cash Flow Statement 48

Balance Sheet 69 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
Series I redeemable preferred stock, par value (in dollars per share)	`SeriesIRedeemablePreferredStockParValue`	$0.00	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	35,541.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	35,541.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$111.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$2.86M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.50M	USD	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	35,541.00	shares	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	35,541.00	shares	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$71.00K	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$107.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.04M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.41M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00K	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$55.00M	USD	Point-in-time
Patent portfolios	`FiniteLivedIntangibleAssetsNet`	$52.58M	USD	Point-in-time
Goodwill	`Goodwill`	$1.71M	USD	Point-in-time
Goodwill	`Goodwill`	$1.71M	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$61.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$57.37M	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
Common stock, shares issued	`CommonStockSharesIssued`	28.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.61M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.61M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$728.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$674.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.61M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$634.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$329.00K	USD	Point-in-time
Short-term lease liabilities	`LiabilitiesOfAssetsHeldForSale`	$173.00K	USD	Point-in-time
Short-term lease liabilities	`LiabilitiesOfAssetsHeldForSale`	$174.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$407.00K	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$363.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.84M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 35,541 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively; 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 March 31, 2015 and December 31, 2014, respectively; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$5.93M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares authorized; 28,612,195 and 28,609,695 shares issued at March 31, 2015 and December 31, 2014, respectively; 28,611,967 and 28,609,467 shares outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.0001 par value, 200,000,000 shares authorized; 28,612,195 and 28,609,695 shares issued at March 31, 2015 and December 31, 2014, respectively; 28,611,967 and 28,609,467 shares outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$137.66M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$137.74M	USD	Point-in-time
Treasury stock, at cost, 228 shares at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 228 shares at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-83.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-87.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$53.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$61.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$57.37M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.00K	USD	1 Quarter
Revenue	`Revenues`	$4.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.42M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.43M	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$719.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$3.53M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.15M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$729.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$67.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$836.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$226.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.12M	USD	1 Quarter
Other income, net	`OtherIncome`	$46.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$30.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.66	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.61M	shares	1 Quarter
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.79M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.42M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.43M	USD	1 Quarter
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	$700.00K	USD	1 Quarter
Non-cash registration rights penalty	`NoncashRegistrationRightsPenalty`	-	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	-	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$87.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.40M	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$57.00K	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$582.00K	USD	1 Quarter
Marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.00K	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`	$350.00K	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-694.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.52M	USD	1 Quarter
Payment of accrued patent costs	`PaymentOfAccruedPatentCosts`	-	USD	1 Quarter
Payment of accrued patent costs	`PaymentOfAccruedPatentCosts`	$-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`	$-694.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$111.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$111.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	1 Quarter
Retirement of treasury stock	`RetirementOfTreasuryStock`	$201.00K	USD	1 Quarter
Conversion of preferred stock to common stock	`ConversionOfPreferredStockToCommonStock`	$1.00K	USD	1 Quarter
Conversion of preferred stock to common stock	`ConversionOfPreferredStockToCommonStock`	-	USD	1 Quarter

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