10-K Filing

Dominari Holdings Inc. CIK: 12239 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001615774-17-001405`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	spex-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 40 Cash Flow Statement 66 Stockholders Equity 26

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.39M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$6.03M	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$330.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$9.80M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$4.95M	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
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total assets	`Assets`	$11.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.54M	shares	Point-in-time
Total assets	`Assets`	$13.69M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.94M	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
Treasury stock, shares	`TreasuryStockShares`	12.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$123.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$384.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$446.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$645.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$2.96M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$702.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$290.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$1.22M	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$178.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$183.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.46M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$259.00K	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$3.25M	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$229.00K	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$44.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.96M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 2,539,859 and 1,505,773 shares issued at December 31, 2015 and December 31, 2014, respectively; 2,539,847 and 1,505,761 shares outstanding at December 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$147.33M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$144.29M	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 31, 2016 and December 31, 2015	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 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`	$-141.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$53.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$33.00K	USD	Annual
Revenues	`Revenues`	$877.00K	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$6.32M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.13M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$1.72M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$1.95M	USD	Annual
Professional fees	`ProfessionalFees`	$2.78M	USD	Annual
Professional fees	`ProfessionalFees`	$2.29M	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$40.60M	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$2.71M	USD	Annual
Rent	`LeaseAndRentalExpense`	$88.00K	USD	Annual
Rent	`LeaseAndRentalExpense`	$84.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$253.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$534.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$52.04M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.43M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.55M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-52.01M	USD	Annual
Other (expenses) income, net	`OtherIncome`	$276.00K	USD	Annual
Other (expenses) income, net	`OtherIncome`	$-182.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.26M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-269.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$545.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$2.08M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Net loss	`NetIncomeLoss`	$-51.47M	USD	Annual
Deemed dividend related to immediate accretion of beneficial conversion feature of convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$323.00K	USD	Annual
Deemed dividend related to immediate accretion of beneficial conversion feature of convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	-	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`OtherPreferredStockDividendsAndAdjustments`	$-9.48M	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`OtherPreferredStockDividendsAndAdjustments`	$-31.48M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.00M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-42.30M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-24.98	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.76	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.51	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-24.98	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.69M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.70M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.69M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.84M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Net loss	`NetIncomeLoss`	$-51.47M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$6.32M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.13M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$2.26M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$269.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$371.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$562.00K	USD	Annual
Depreciation expenses	`Depreciation`	$3.00K	USD	Annual
Depreciation expenses	`Depreciation`	$1.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-95.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	-	USD	Annual
Unrealized (gain) loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$19.00K	USD	Annual
Unrealized (gain) loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-243.00K	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$40.60M	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$2.71M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-195.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$223.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-261.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-344.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-199.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$316.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$268.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$3.50M	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-173.00K	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-180.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.62M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$70.00K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$18.04M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$7.99M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.12M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$15.06M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$125.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.97M	USD	Annual
Proceeds from issuance of common stock and warrants in July Financing, net	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from issuance of common stock and warrants in July Financing, net	`ProceedsFromIssuanceOrSaleOfEquity`	$1.32M	USD	Annual
Proceeds from issuance of common stock and preferred stock in December Offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from issuance of common stock and preferred stock in December Offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$3.44M	USD	Annual
Cash paid for cancellation of fractional shares of common stock	`CashPaidForCancellationOfFractionalSharesOfCommonStock`	$4.00K	USD	Annual
Cash paid for cancellation of fractional shares of common stock	`CashPaidForCancellationOfFractionalSharesOfCommonStock`	-	USD	Annual
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.14M	USD	Annual
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	$760.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Redemption of Series I redeemable convertible preferred stock	`RedemptionOfRedeemableSeriesIPreferredStock`	$935.00K	USD	Annual
Redemption of Series I redeemable convertible preferred stock	`RedemptionOfRedeemableSeriesIPreferredStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.83M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.90M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-663.00K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$805.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$134.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	Annual
Extinguishment of Series H Convertible Preferred Stock in connection with license agreement	`ExtinguishmentOfSeriesHConvertiblePreferredStockInConnectionWithLicenseAgreement`	$31.48M	USD	Annual
Extinguishment of Series H Convertible Preferred Stock in connection with license agreement	`ExtinguishmentOfSeriesHConvertiblePreferredStockInConnectionWithLicenseAgreement`	$4.77M	USD	Annual
Recognition of deferred revenue in connection with license agreement	`RecognitionOfDeferredRevenue`	$414.00K	USD	Annual
Recognition of deferred revenue in connection with license agreement	`RecognitionOfDeferredRevenue`	$281.00K	USD	Annual
Extinguishment of Series I Convertible Preferred Stock in connection with license agreement	`ExtinguishmentOfSeriesIConvertiblePreferredStockInConnectionWithLicenseAgreement`	$5.00M	USD	Annual
Extinguishment of Series I Convertible Preferred Stock in connection with license agreement	`ExtinguishmentOfSeriesIConvertiblePreferredStockInConnectionWithLicenseAgreement`	-	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$53.59M	USD	Point-in-time
Conversion of Series K preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Issuance common shares in July Financing, net of offering cost	`StockIssuedDuringPeriodValueNewIssues2`	$337.00K	USD	Annual
Issuance of common stock and Series K convertible preferred stock in December Offering, net of offering cost	`StockIssuedDuringPeriodValueNewIssues3`	$1.20M	USD	Annual
Beneficial conversion feature of Series K convertible preferred stock	`BeneficialConversionFeatureOfSeriesKConvertiblePreferredStock`	$695.00K	USD	Annual
Beneficial conversion feature of Series K convertible preferred stock	`BeneficialConversionFeatureOfSeriesKConvertiblePreferredStock`	$323.00K	USD	Annual
Deemed dividend on conversion of Series K convertible preferred stock to common stock	`Dividends`	$-695.00K	USD	Annual
Deemed dividend related to immediate accretion of beneficial conversion feature of convertible preferred stock	`DeemedDividendRelatedToImmediateAccretionOfBeneficialConversionFeatureOfConvertiblePreferredStock`	$-323.00K	USD	Annual
Extinguishment of Series H convertible preferred stock and deemed capital contribution	`ExtinguishmentOfSeriesHConvertiblePreferredStockAndDeemedCapitalContribution`	$-414.00K	USD	Annual
Extinguishment of Series H convertible preferred stock and deemed capital contribution	`ExtinguishmentOfSeriesHConvertiblePreferredStockAndDeemedCapitalContribution`	$-4.77M	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`DeemedCapitalContributionOnExtinguishmentOfPreferredStock`	$31.48M	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`DeemedCapitalContributionOnExtinguishmentOfPreferredStock`	$9.48M	USD	Annual
Cancellation of Series C preferred stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Fractional shares adjusted for reverse split	`FractionalSharesAdjustedForReverseSplit1`	$-4.00K	USD	Annual
Fractional shares adjusted for reverse split	`FractionalSharesAdjustedForReverseSplit1`	-	USD	Annual
Warrant Exercise	`WarrantExercise`	$760.00K	USD	Annual
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues`	$2.14M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$562.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$371.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Net Loss	`NetIncomeLoss`	$-51.47M	USD	Annual
Ending Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$53.59M	USD	Point-in-time

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