10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-016029`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	hrmn-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 37

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.70K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$324.99K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$479.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$46.69K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$36.17K	USD	Point-in-time
Common stock shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	10.59M	shares	Point-in-time
Common stock shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	10.59M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets:	`AssetsCurrent`	$149.88K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets:	`AssetsCurrent`	$371.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	27.50M	shares	Point-in-time
Cash, cash equivalents and securities held in Trust	`CashCashEquivalentsAndSecuritiesHeldInTrust`	$117.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	27.50M	shares	Point-in-time
Cash, cash equivalents and securities held in Trust	`CashCashEquivalentsAndSecuritiesHeldInTrust`	$117.39M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.50M	shares	Point-in-time
Prepaid expenses - long term	`PrepaidExpenseCurrentAndNoncurrent`	$54.62K	USD	Point-in-time
Prepaid expenses - long term	`PrepaidExpenseCurrentAndNoncurrent`	$66.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Total assets:	`Assets`	$117.60M	USD	Point-in-time
Total assets:	`Assets`	$117.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$21.76K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$17.26K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$21.76K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$17.26K	USD	Point-in-time
Deferred Underwriters Fee	`DeferredUnderwritersFee`	$4.33M	USD	Point-in-time
Deferred Underwriters Fee	`DeferredUnderwritersFee`	$4.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.34M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, subject to possible conversion (10,585,498 and 10,585,784 shares at conversion value) as of June 30, 2016 and December 31, 2015 respectively.	`TemporaryEquityCarryingAmountAttributableToParent`	$108.04M	USD	Point-in-time
Common Stock, subject to possible conversion (10,585,498 and 10,585,784 shares at conversion value) as of June 30, 2016 and December 31, 2015 respectively.	`TemporaryEquityCarryingAmountAttributableToParent`	$108.04M	USD	Point-in-time
Preferred stock, $.0001 par value, 1,000,000 authorized, 0 outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.0001 par value, 1,000,000 authorized, 0 outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,498,252 issued and outstanding at June 30, 2016 and 4,498,966 at December 31, 2015 (excluding 10,585,498 and 10,585,784 shares subject to possible conversion at June 30, 2016 and December 31, 2015).	`CommonStockValue`	$450.00	USD	Point-in-time
Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,498,252 issued and outstanding at June 30, 2016 and 4,498,966 at December 31, 2015 (excluding 10,585,498 and 10,585,784 shares subject to possible conversion at June 30, 2016 and December 31, 2015).	`CommonStockValue`	$450.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-264.51K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-485.83K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$117.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$117.60M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$72.01K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$76.60K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$248.71K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$83.91K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$37.50K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$75.00K	USD	2 Qtrs
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$41.13K	USD	2 Qtrs
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$37.50K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-109.51K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-323.71K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-117.73K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-121.41K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$56.29K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$17.13K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$17.15K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$102.39K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-65.12K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-100.58K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-92.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-221.32K	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.62M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-221.32K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-100.58K	USD	2 Qtrs
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-16.86K	USD	2 Qtrs
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-102.27K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$220.86K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.27K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.50K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$58.51K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-296.82K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-279.79K	USD	2 Qtrs
Withdrawal of Trust funds to pay taxes	`ProceedsFromTrustFundsToPayTaxes`	-	USD	2 Qtrs
Withdrawal of Trust funds to pay taxes	`ProceedsFromTrustFundsToPayTaxes`	$85.53K	USD	2 Qtrs
Investment in cash, cash equivalents and securities in Trust Account	`PaymentsForProceedsFromInvestments`	$117.30M	USD	2 Qtrs
Investment in cash, cash equivalents and securities in Trust Account	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Net cash provided by (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$85.53K	USD	2 Qtrs
Net cash provided by (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.30M	USD	2 Qtrs
Payment of offering costs	`PaymentOfOfferingCosts`	-	USD	2 Qtrs
Payment of offering costs	`PaymentOfOfferingCosts`	$82.91K	USD	2 Qtrs
Payment of note to stockholder	`RepaymentsOfNotesPayable`	$50.00K	USD	2 Qtrs
Payment of note to stockholder	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from Public Offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from Public Offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$112.61M	USD	2 Qtrs
Proceeds from Insider Units	`ProceedsFromIssuanceOfPreferredLimitedPartnersUnits`	$5.58M	USD	2 Qtrs
Proceeds from Insider Units	`ProceedsFromIssuanceOfPreferredLimitedPartnersUnits`	-	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$118.06M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-211.29K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$477.97K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$113.70K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$324.99K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$479.09K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$113.70K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$324.99K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$479.09K	USD	Point-in-time
Accrual of deferred underwriting fee	`AccrualOfDeferredUnderwritingFee`	$4.33M	USD	2 Qtrs

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