10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-008063`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	spex-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 70 Stockholders Equity 11

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$733.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.63M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$150.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$146.00K	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
Total current assets	`AssetsCurrent`	$4.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$3.58M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.54M	shares	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$2.90M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.23M	shares	Point-in-time
Investments at fair value	`Investments`	$1.02M	USD	Point-in-time
Investments at fair value	`Investments`	$1.73M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	8.54M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	6.23M	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Total assets	`Assets`	$9.61M	USD	Point-in-time
Total assets	`Assets`	$8.97M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$206.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$695.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$592.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$357.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$822.00K	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`	$48.00K	USD	Point-in-time
Short-term lease liabilities	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16M	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`	$1.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.87M	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 8,542,542 and 6,234,910 shares issued at June 30, 2018 and December 31, 2017, respectively; 8,542,530 and 6,234,898 shares outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 8,542,542 and 6,234,910 shares issued at June 30, 2018 and December 31, 2017, respectively; 8,542,530 and 6,234,898 shares outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$149.43M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.41M	USD	Point-in-time
Treasury stock, at cost, 12 shares at June 30, 2018 and December 31, 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at June 30, 2018 and December 31, 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-143.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.61M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$311.00K	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	$638.00K	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$294.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$697.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$883.00K	USD	2 Qtrs
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$342.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$250.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$992.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$395.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$535.00K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$27.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$19.00K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$49.00K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$41.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$17.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$17.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$66.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$211.00K	USD	2 Qtrs
Acquisition costs	`AcquisitionCosts`	-	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	-	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$236.00K	USD	2 Qtrs
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$174.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$80.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$200.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.84M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.38M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.75M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-777.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	2 Qtrs
Other (expenses) income, net	`OtherIncome`	$121.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$-93.00K	USD	1 Quarter
Other (expenses) income, net	`OtherIncome`	$293.00K	USD	2 Qtrs
Other (expenses) income, net	`OtherIncome`	$-190.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	-	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-277.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.33M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-465.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.20M	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$864.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$955.00K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-1.03M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.57M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.95M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.54M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.96M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Amortization of patent portfolio	`AdjustmentForAmortization`	$343.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$681.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$680.00K	USD	2 Qtrs
Change in fair value of investment	`GainLossOnInvestments`	-	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$465.00K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-1.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$98.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$286.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$17.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$17.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-275.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-129.00K	USD	2 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-275.00K	USD	2 Qtrs
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-129.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-17.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-17.00K	USD	2 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$137.00K	USD	2 Qtrs
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$137.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-40.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-20.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$150.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-103.00K	USD	2 Qtrs
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-364.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$-618.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-87.00K	USD	2 Qtrs
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.82M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.75M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.05M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$6.51M	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.12M	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.62M	USD	2 Qtrs
Purchase of investment at fair value	`PaymentsToAcquireInvestments`	$675.00K	USD	2 Qtrs
Purchase of investment at fair value	`PaymentsToAcquireInvestments`	$25.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.44M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-969.00K	USD	2 Qtrs
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	2 Qtrs
Cash from issuance common stock, net of offering cost	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Repurchase of restricted stock units to pay for employee withholding taxes	`PaymentsForRepurchaseOfOtherEquity`	-	USD	2 Qtrs
Repurchase of restricted stock units to pay for employee withholding taxes	`PaymentsForRepurchaseOfOtherEquity`	$24.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$599.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$733.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$733.00K	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`	$134.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$8.45M	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	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$286.00K	USD	2 Qtrs
Cumulative effect of the changes related to adoption of	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-398.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.88M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$8.45M	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.