10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-005218`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	hrmn-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 17 Cash Flow Statement 37

Balance Sheet 56 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`	$196.52K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$157.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.86K	USD	Point-in-time
Common stock shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	10.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$58.98K	USD	Point-in-time
Common stock shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	10.02M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$20.41K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets:	`AssetsCurrent`	$44.28K	USD	Point-in-time
Total current assets:	`AssetsCurrent`	$255.50K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	27.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	27.50M	shares	Point-in-time
Cash, cash equivalents and securities held in Trust	`CashCashEquivalentsAndSecuritiesHeldInTrust`	$117.51M	USD	Point-in-time
Cash, cash equivalents and securities held in Trust	`CashCashEquivalentsAndSecuritiesHeldInTrust`	$112.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.51M	shares	Point-in-time
Total assets:	`Assets`	$113.12M	USD	Point-in-time
Total assets:	`Assets`	$117.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.51M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$130.90K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$372.50K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$130.90K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$372.50K	USD	Point-in-time
Deferred Underwriters Fee	`DeferredUnderwritersFee`	$4.33M	USD	Point-in-time
Deferred Underwriters Fee	`DeferredUnderwritersFee`	$4.33M	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$110.05K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable to stockholders	`LongTermNotesPayable`	$60.00K	USD	Point-in-time
Notes payable to stockholders	`LongTermNotesPayable`	$522.57K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.33M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, subject to possible conversion (10,022,361 and 10,573,050 shares at conversion value) as of March 31, 2017 and December 31, 2016 respectively.	`TemporaryEquityCarryingAmountAttributableToParent`	$102.79M	USD	Point-in-time
Common Stock, subject to possible conversion (10,022,361 and 10,573,050 shares at conversion value) as of March 31, 2017 and December 31, 2016 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, 4,567,054 issued and outstanding at March 31, 2017 and 4,511,700 at December 31, 2016 (excluding 10,022,361 and 10,573,050 respectively that are shares subject to possible conversion at March 31, 2017 and December 31, 2016).	`CommonStockValue`	$457.00	USD	Point-in-time
Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,567,054 issued and outstanding at March 31, 2017 and 4,511,700 at December 31, 2016 (excluding 10,022,361 and 10,573,050 respectively that are shares subject to possible conversion at March 31, 2017 and December 31, 2016).	`CommonStockValue`	$451.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-699.21K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-881.42K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$117.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$113.12M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$267.31K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$164.80K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$37.50K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$50.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-317.31K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-202.30K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$46.10K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$135.09K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.32K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-263.19K	USD	Annual
Net Loss	`NetIncomeLoss`	$-156.21K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-434.70K	USD	Annual
Net Loss	`NetIncomeLoss`	$-182.21K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.45M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.32K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-263.19K	USD	Annual
Net Loss	`NetIncomeLoss`	$-156.21K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-434.70K	USD	Annual
Net Loss	`NetIncomeLoss`	$-182.21K	USD	1 Quarter
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-46.05K	USD	1 Quarter
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-135.09K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$38.57K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.25K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.93K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$241.59K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-114.28K	USD	1 Quarter
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-167.57K	USD	1 Quarter
Addition to principal in the Trust Account	`PaymentsForProceedsFromInvestments`	$302.63K	USD	1 Quarter
Addition to principal in the Trust Account	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Cash withdrawn from Trust Account	`CashWithdrawnFromTrustAccount`	$5.08M	USD	1 Quarter
Cash withdrawn from Trust Account	`CashWithdrawnFromTrustAccount`	-	USD	1 Quarter
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$4.78M	USD	1 Quarter
Proceeds from note payable and notes payable to stockholders	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from note payable and notes payable to stockholders	`ProceedsFromNotesPayable`	$572.62K	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$5.06M	USD	1 Quarter
Net cash (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.49M	USD	1 Quarter
Net cash (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$172.65K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-167.57K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.52K	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`	$157.42K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.86K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$196.52K	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`	$157.42K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.86K	USD	Point-in-time
Change in value of common stock subject to possible conversion	`ChangeInValueOfOrdinarySharesSubjectPossibleConversion`	$-7.95K	USD	1 Quarter
Change in value of common stock subject to possible conversion	`ChangeInValueOfOrdinarySharesSubjectPossibleConversion`	$-182.21K	USD	1 Quarter

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