10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001615774-16-005460`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	spex-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 44

Balance Sheet 74 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`	$111.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	0.00	shares	Point-in-time
Series I redeemable preferred stock, shares issued	`SeriesIRedeemablePreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$494.00K	USD	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$3.39M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$1.47M	USD	Point-in-time
Series I redeemable preferred stock, shares outstanding	`SeriesIRedeemablePreferredStockSharesOutstanding`	0.00	shares	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$292.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$330.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.86M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Patent portfolios, net	`FiniteLivedIntangibleAssetsNet`	$9.27M	USD	Point-in-time
Patent portfolios, net	`FiniteLivedIntangibleAssetsNet`	$9.80M	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Total assets	`Assets`	$11.55M	USD	Point-in-time
Total assets	`Assets`	$13.69M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$384.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.96M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$355.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.54M	shares	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$645.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$111.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.54M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.00	shares	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$2.96M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.00	shares	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$290.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$290.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$178.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$178.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.35M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$259.00K	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$188.00K	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$229.00K	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$184.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.94M	USD	Point-in-time
Series I redeemable convertible preferred stock, $0.0001 par value; no shares issued and outstanding at March 31, 2016 and December 31, 2015; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	-	USD	Point-in-time
Series I redeemable convertible preferred stock, $0.0001 par value; no shares issued and outstanding at March 31, 2016 and December 31, 2015; liquidation preference of $167 per share	`PreferredStockRedemptionAmount`	-	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, 100,000,000 shares authorized; 2,962,780 and 2,539,859 shares issued at March 31, 2016 and December 31, 2015, respectively; 2,962,768 and 2,539,847 shares outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 2,962,780 and 2,539,859 shares issued at March 31, 2016 and December 31, 2015, respectively; 2,962,768 and 2,539,847 shares outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$144.42M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$144.29M	USD	Point-in-time
Treasury stock, at cost, 12 shares at March 31, 2016 and December 31, 2015	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at March 31, 2016 and December 31, 2015	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-135.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-135.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.55M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$72.00K	USD	1 Quarter
Revenues	`Revenues`	$2.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.42M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$531.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$312.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$719.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$705.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$729.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$226.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.63M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.12M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Other (loss) income, net	`OtherIncome`	$30.00K	USD	1 Quarter
Other (loss) income, net	`OtherIncome`	$-30.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-1.54M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Deemed dividend on conversion of Series K convertible preferred stock to common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	-	USD	1 Quarter
Deemed dividend on conversion of Series K convertible preferred stock to common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$-667.00K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-716.00K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.09M	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.71	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.71M	shares	1 Quarter
Weighted average number of common shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.51M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.42M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$531.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$1.54M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$131.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$87.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-53.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-66.00K	USD	1 Quarter
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$12.00K	USD	1 Quarter
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$57.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-36.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-38.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-534.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$305.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$-71.00K	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.00K	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-45.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.52M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.34M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.77M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.46M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.33M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.41M	USD	1 Quarter
Net provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.87M	USD	1 Quarter
Net provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$643.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$352.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-694.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$111.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	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`	$494.00K	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`	$142.00K	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`	$494.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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