10-K Filing

Dominari Holdings Inc. CIK: 12239 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001615774-18-002232`
Period End Date	20171231
Filing Date	20180330
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	spex-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$6.03M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$150.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.29M	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
Total current assets	`AssetsCurrent`	$4.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$3.58M	USD	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$4.95M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.23M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	4.94M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.54M	shares	Point-in-time
Investments at fair value in Hoth	`Investments`	$1.02M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	4.94M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	6.23M	shares	Point-in-time
Investments at fair value in Hoth	`Investments`	-	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Total assets	`Assets`	$11.28M	USD	Point-in-time
Total assets	`Assets`	$8.97M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$123.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$695.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$446.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$702.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$822.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$1.22M	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$957.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$183.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$48.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.29M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$3.25M	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	-	USD	Point-in-time
Long-term lease liabilities	`DeferredRentCreditNoncurrent`	$44.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.87M	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 6,234,910 and 4,943,941 shares issued at December 31, 2017 and 2016, respectively; 6,234,898 and 4,943,929 shares outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 6,234,910 and 4,943,941 shares issued at December 31, 2017 and 2016, respectively; 6,234,898 and 4,943,929 shares outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$149.43M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$147.33M	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 31, 2017 and 2016	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 31, 2017 and 2016	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.06M	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`	$4.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.97M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.24M	USD	Annual
Revenues	`Revenues`	$877.00K	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.13M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.37M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$2.06M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$1.95M	USD	Annual
Professional fees	`ProfessionalFees`	$1.04M	USD	Annual
Professional fees	`ProfessionalFees`	$2.29M	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$2.71M	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Rent	`LeaseAndRentalExpense`	$92.00K	USD	Annual
Rent	`LeaseAndRentalExpense`	$84.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$496.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$253.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.43M	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.06M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.82M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.55M	USD	Annual
Other income, net	`OtherIncome`	$-182.00K	USD	Annual
Other income, net	`OtherIncome`	$291.00K	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$345.00K	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	-	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.26M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$120.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$2.08M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$516.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.31M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	-	USD	Annual
Deemed capital contribution on extinguishment of preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$-31.48M	USD	Annual
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.31M	USD	Annual
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.00M	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.60	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$6.76	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.60	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$6.51	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.70M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.84M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.31M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$2.13M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.37M	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$345.00K	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	-	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$2.26M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-120.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$562.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$23.00K	USD	Annual
Depreciation expenses	`Depreciation`	$3.00K	USD	Annual
Depreciation expenses	`Depreciation`	$3.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-95.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-328.00K	USD	Annual
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-243.00K	USD	Annual
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$240.00K	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$2.71M	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-195.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-261.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-67.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$249.00K	USD	Annual
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-199.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$3.50M	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$-1.22M	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-179.00K	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-180.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.27M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.00K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$18.04M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$12.27M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$15.06M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.21M	USD	Annual
Investment in Hoth Therapeutics, Inc.	`PaymentsToAcquireInterestInJointVenture`	$675.00K	USD	Annual
Investment in Hoth Therapeutics, Inc.	`PaymentsToAcquireInterestInJointVenture`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.26M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.97M	USD	Annual
Cash paid for cancellation of common stock	`CashPaidForCancellationOfCommonStock`	$4.00K	USD	Annual
Cash paid for cancellation of common stock	`CashPaidForCancellationOfCommonStock`	-	USD	Annual
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.10M	USD	Annual
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.14M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$760.00K	USD	Annual
Repurchase of restricted stock units to pay for employee withholding taxes	`PaymentsForRepurchaseOfOtherEquity`	-	USD	Annual
Repurchase of restricted stock units to pay for employee withholding taxes	`PaymentsForRepurchaseOfOtherEquity`	$24.00K	USD	Annual
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.90M	USD	Annual
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.07M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.00K	USD	Annual
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for interest and taxes	`IncomeTaxesPaid`	$8.00K	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`	-	USD	Annual
Recognition of deferred revenue in connection with license agreement	`RecognitionOfDeferredRevenueInConnectionWithLicenseAgreement`	$414.00K	USD	Annual
Recognition of deferred revenue in connection with license agreement	`RecognitionOfDeferredRevenueInConnectionWithLicenseAgreement`	-	USD	Annual

Stockholders Equity 18 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`	$4.11M	USD	Point-in-time
Repurchase of restricted stock units to pay for employee withholding taxes	`StockRepurchasedDuringPeriodValue`	$24.00K	USD	Annual
Beneficial conversion feature of Series K convertible preferred stock	`BeneficialConversionFeatureOfSeriesKConvertiblePreferredStock`	$695.00K	USD	Annual
Deemed dividend on conversion of Series K convertible preferred stock to common stock	`Dividends`	$695.00K	USD	Annual
Extinguishment of Series H convertible preferred stock and deemed capital contribution	`ExtinguishmentOfSeriesHConvertiblePreferredStockAndDeemedCapitalContribution`	$-414.00K	USD	Annual
Fractional shares adjusted for reverse split	`FractionalSharesAdjustedForReverseSplit1`	$-4.00K	USD	Annual
Warrant Exercise	`WarrantExercise`	$760.00K	USD	Annual
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues`	$2.10M	USD	Annual
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues`	$2.14M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$23.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$562.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.31M	USD	Annual
Net Loss	`NetIncomeLoss`	$-6.48M	USD	Annual
Ending Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time

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