10-K Filing

Dominari Holdings Inc. CIK: 12239 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001615774-19-003916`
Period End Date	20181231
Filing Date	20190312
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	spex-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.70M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$188.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$150.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.34M	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, issued	`CommonStockSharesIssued`	8.54M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.23M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	8.54M	shares	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	6.23M	shares	Point-in-time
Patent portfolios and patent rights, net	`FiniteLivedIntangibleAssetsNet`	$3.58M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Investments at fair value	`Investments`	$10.35M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	12.00	shares	Point-in-time
Investments at fair value	`Investments`	$1.02M	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$8.97M	USD	Point-in-time
Total assets	`Assets`	$13.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.00K	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`	$732.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$822.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	$207.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	-	USD	Point-in-time
Short-term deferred revenue	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Short-term deferred revenue	`ContractWithCustomerLiabilityCurrent`	$957.00K	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`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.29M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$4.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	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 December 31, 2018 and 2017, respectively; 8,542,530 and 6,234,898 shares outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$1.00K	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 December 31, 2018 and 2017, respectively; 8,542,530 and 6,234,898 shares outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.44M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$149.43M	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 31, 2018 and 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 12 shares at December 31, 2018 and 2017	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.25M	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`	$28.00K	USD	Annual
Revenues	`Revenues`	$1.24M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.37M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.41M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$2.06M	USD	Annual
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$1.01M	USD	Annual
Professional fees	`ProfessionalFees`	$1.57M	USD	Annual
Professional fees	`ProfessionalFees`	$1.04M	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$2.17M	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Rent	`LeaseAndRentalExpense`	$92.00K	USD	Annual
Rent	`LeaseAndRentalExpense`	$81.00K	USD	Annual
Depreciation expense	`Depreciation`	$3.00K	USD	Annual
Depreciation expense	`Depreciation`	$38.00K	USD	Annual
Acquisition costs	`AcquisitionCosts`	-	USD	Annual
Acquisition costs	`AcquisitionCosts`	$230.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$493.00K	USD	Annual
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$394.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.06M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.90M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.87M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.82M	USD	Annual
Other (expenses) income , net	`OtherIncome`	$-333.00K	USD	Annual
Other (expenses) 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`	$8.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-740.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$120.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$8.60M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$516.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.73M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.31M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.60	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.60	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.06M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.06M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.73M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.31M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.37M	USD	Annual
Amortization of patent portfolio	`AdjustmentForAmortization`	$1.41M	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$345.00K	USD	Annual
Change in fair value of investment	`GainLossOnInvestments`	$8.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-120.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$740.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$23.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$320.00K	USD	Annual
Depreciation expense	`Depreciation`	$3.00K	USD	Annual
Depreciation expense	`Depreciation`	$38.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-328.00K	USD	Annual
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-400.00K	USD	Annual
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$240.00K	USD	Annual
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-117.00K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$2.17M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.00K	USD	Annual
Deposit	`IncreaseDecreaseInSecurityDeposits`	-	USD	Annual
Deposit	`IncreaseDecreaseInSecurityDeposits`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$74.00K	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`	$37.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	$-1.22M	USD	Annual
Deferred revenue	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-179.00K	USD	Annual
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.27M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.73M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$12.27M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.28M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.21M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$15.06M	USD	Annual
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$922.00K	USD	Annual
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$675.00K	USD	Annual
Release of deposit	`ReleaseOfDeposit`	$-26.00K	USD	Annual
Release of deposit	`ReleaseOfDeposit`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.26M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.00K	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`	$2.70M	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
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.07M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-180.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.00K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	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`	$197.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.00K	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`	$197.00K	USD	Point-in-time
Cash paid for interest and taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for interest and taxes	`IncomeTaxesPaid`	$195.00K	USD	Annual
Investment in DatChat	`InvestmentInDatchat`	-	USD	Annual
Investment in DatChat	`InvestmentInDatchat`	$207.00K	USD	Annual
Investment in Mellow Scooters	`InvestmentInMellowScooters`	-	USD	Annual
Investment in Mellow Scooters	`InvestmentInMellowScooters`	$2.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
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`	$2.70M	USD	Annual
Repurchase of restricted stock units to pay for employee withholding taxes	`StockRepurchasedDuringPeriodValue`	$24.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$23.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$320.00K	USD	Annual
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.73M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.31M	USD	Annual
Ending Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time

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