10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-003870`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	spex-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 9

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$210.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$5.57M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$150.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$228.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.87M	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`	$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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.52M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.23M	shares	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$3.24M	USD	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$3.58M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	6.23M	shares	Point-in-time
Investments at fair value	`Investments`	$1.02M	USD	Point-in-time
Investments at fair value	`Investments`	$1.04M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	8.52M	shares	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`	$8.97M	USD	Point-in-time
Total assets	`Assets`	$10.18M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$166.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$695.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$625.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$822.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$634.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	$957.00K	USD	Point-in-time
Short-term deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	$48.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	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`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.87M	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 8,517,132 and 6,234,910 shares issued at March 31, 2018 and December 31, 2017, respectively; 8,517,120 and 6,234,898 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 8,517,132 and 6,234,910 shares issued at March 31, 2018 and December 31, 2017, respectively; 8,517,120 and 6,234,898 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.31M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$149.43M	USD	Point-in-time
Treasury stock, at cost, 12 shares at March 31, 2018 and December 31, 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at March 31, 2018 and December 31, 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-143.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.97M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$327.00K	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$589.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$355.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$597.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$285.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$22.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$145.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	-	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$120.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$62.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-969.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$-97.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$172.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-188.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$122.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$50.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$91.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.59M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.94M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-919.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-122.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$188.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$188.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Depreciation expenses	`Depreciation`	$1.00K	USD	1 Quarter
Depreciation expenses	`Depreciation`	$1.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-93.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-99.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-58.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$72.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$110.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-107.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-70.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$-307.00K	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-845.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.12M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.34M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.04M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.61M	USD	1 Quarter
Purchase of investment at fair value	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of investment at fair value	`PaymentsToAcquireInvestments`	$25.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.76M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$921.00K	USD	1 Quarter
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	1 Quarter
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-134.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$76.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	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`	$210.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	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`	$210.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Issuance common stock in equity raise, net of offering cost	`StockIssuedDuringPeriodValueNewIssues`	$2.70M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$188.00K	USD	1 Quarter
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-919.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$8.75M	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.