10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001615774-15-002257`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	spex-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 60 Cash Flow Statement 66

Balance Sheet 70 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	29,940.00	shares	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	35,541.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	29,940.00	shares	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	35,541.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$775.00K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.50M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$107.00K	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$73.00K	USD	Point-in-time
Series I redeemable preferred stock, liquidation preference	`SeriesIRedeemablePreferredStockLiquidationPreference`	$167.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$935.00K	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
Total current assets	`AssetsCurrent`	$4.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Patent portfolios, net	`FiniteLivedIntangibleAssetsNet`	$55.00M	USD	Point-in-time
Patent portfolios, net	`FiniteLivedIntangibleAssetsNet`	$9.78M	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
Total assets	`Assets`	$12.45M	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
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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.61M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$531.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$728.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$329.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	228.00	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$265.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$173.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$175.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$971.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$319.00K	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$407.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 29,940 and 35,541 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	$5.00M	USD	Point-in-time
Series I redeemable preferred stock, $0.0001 par value; 29,940 and 35,541 shares issued and outstanding at June 30, 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
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 June 30, 2015 and December 31, 2014, respectively; 28,611,967 and 28,609,467 shares outstanding at June 30, 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 June 30, 2015 and December 31, 2014, respectively; 28,611,967 and 28,609,467 shares outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$137.77M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$137.66M	USD	Point-in-time
Treasury stock, at cost, 228 shares at June 30, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 228 shares at June 30, 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`	$-131.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$53.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$61.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.45M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.00K	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$2.00K	USD	2 Qtrs
Revenues	`Revenues`	$7.00K	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$4.87M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.45M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$4.88M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.45M	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$-54.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$10.73M	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$665.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$7.20M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.28M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.96M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.82M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$551.00K	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$40.36M	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$40.36M	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$138.00K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$71.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$44.00K	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$886.00K	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$51.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$122.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$348.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$43.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$47.56M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-43.45M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.59M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-11.59M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-47.56M	USD	2 Qtrs
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$25.00K	USD	2 Qtrs
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$16.00K	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-47.00K	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Fair value adjustments for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$25.00K	USD	2 Qtrs
Total other (expenses) income	`NonoperatingIncomeExpense`	$63.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-19.53M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.54M	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.80	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.52	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.66	USD	2 Qtrs
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.84M	shares	2 Qtrs
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.62M	shares	2 Qtrs
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.88M	shares	1 Quarter
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.62M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.53M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.54M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$4.87M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.45M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$4.88M	USD	2 Qtrs
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 adjustment for warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	-	USD	2 Qtrs
Fair value adjustment for warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-47.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$134.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.99M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$47.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.39M	USD	2 Qtrs
Depreciation expenses	`Depreciation`	$1.00K	USD	2 Qtrs
Depreciation expenses	`Depreciation`	-	USD	2 Qtrs
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	2 Qtrs
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$45.00K	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$40.36M	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$40.36M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$64.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-217.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$501.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-192.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-64.00K	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-86.00K	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.29M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.46M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.77M	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.45M	USD	2 Qtrs
Payment of accrued patent costs	`PaymentOfAccruedPatentCosts`	$-1.00M	USD	2 Qtrs
Payment of accrued patent costs	`PaymentOfAccruedPatentCosts`	-	USD	2 Qtrs
Net provided by (cash used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	2 Qtrs
Net provided by (cash used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.68M	USD	2 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from issuance of common stock and warrants, net	`ProceedsFromIssuanceOrSaleOfEquity`	$3.87M	USD	2 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Proceeds from issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$18.50M	USD	2 Qtrs
Redemption of Series I redeemable convertible preferred stock	`RedemptionOfRedeemableSeriesIPreferredStock`	$14.06M	USD	2 Qtrs
Redemption of Series I redeemable convertible preferred stock	`RedemptionOfRedeemableSeriesIPreferredStock`	$935.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.31M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-935.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.02M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-718.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	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`	$7.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	$201.00K	USD	2 Qtrs
Retirement of treasury stock	`RetirementOfTreasuryStock`	-	USD	2 Qtrs
Conversion of preferred stock to common stock	`ConversionOfPreferredStockToCommonStock`	$1.00K	USD	2 Qtrs
Conversion of preferred stock to common stock	`ConversionOfPreferredStockToCommonStock`	-	USD	2 Qtrs

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