10-Q Filing

Dominari Holdings Inc. CIK: 12239 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001615774-19-007947`
Period End Date	20190331
Filing Date	20190515
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	spex-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 52 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`	$446.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.70M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.26M	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
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$183.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$165.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.87M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2.01M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.01M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.01M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Investments	`Investments`	$10.07M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	3.00	shares	Point-in-time
Investments	`Investments`	$10.35M	USD	Point-in-time
Total assets	`Assets`	$13.25M	USD	Point-in-time
Total assets	`Assets`	$11.94M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$122.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$732.00K	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$648.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$135.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	$77.00K	USD	Point-in-time
Payable to DatChat	`PayableToDatchat`	$207.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$982.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$982.00K	USD	Point-in-time
Common stock, 0.0001 par value, 100,000,000 shares authorized; 2,010,028 shares issued at March 31, 2019 and December 31, 2018; 2,010,025 shares outstanding at March 31, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Common stock, 0.0001 par value, 100,000,000 shares authorized; 2,010,028 shares issued at March 31, 2019 and December 31, 2018; 2,010,025 shares outstanding at March 31, 2019 and December 31, 2018	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.45M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$152.44M	USD	Point-in-time
Treasury stock, at cost, 3 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Treasury stock, at cost, 3 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$264.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.23M	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 stockholders' equity	`StockholdersEquity`	$12.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.94M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$355.00K	USD	1 Quarter
Compensation and related expenses (including stock-based compensation)	`EmployeeBenefitsAndShareBasedCompensation`	$181.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$597.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$399.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$145.00K	USD	1 Quarter
Acquisition costs	`AcquisitionCosts`	$11.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$142.00K	USD	1 Quarter
Other selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$122.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$713.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-713.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.58M	USD	1 Quarter
Other income (expenses) , net	`OtherIncome`	$92.00K	USD	1 Quarter
Other income (expenses) , net	`OtherIncome`	$-97.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-475.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-188.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$53.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$91.00K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$-436.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.57	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.96	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.01M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.55M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	$338.00K	USD	1 Quarter
Amortization of patent portfolio	`AdjustmentForAmortization`	-	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	$-475.00K	USD	1 Quarter
Change in fair value of investment	`GainLossOnInvestments`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentsForWarrantLiabilities`	$-53.00K	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`	$6.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-99.00K	USD	1 Quarter
Realized loss on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-73.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$148.00K	USD	1 Quarter
Unrealized loss (gain) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-58.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$110.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-70.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-84.00K	USD	1 Quarter
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	$130.00K	USD	1 Quarter
Payable to DatChat	`IncreaseDecreaseInPayableToDatchat`	-	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued lease liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-48.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-896.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.34M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.85M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.37M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.61M	USD	1 Quarter
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of investments at fair value	`PaymentsToAcquireInvestments`	$200.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.76M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.32M	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`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.70M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$424.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-134.00K	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`	$446.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	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`	$446.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	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 14 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
Beginning Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$10.96M	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
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.00K	USD	1 Quarter
Cumulative effect of the changes related to adoption of ASC 606	`CumulativeEffectOfChangesRelatedToAdoptionOfAsc606`	$3.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$8.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.11M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$12.10M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$10.96M	USD	Point-in-time

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