10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-008399`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	next-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 28 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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.42K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$324.99K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.86K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.54K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$20.41K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.25K	USD	Point-in-time
Common stock, shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	10.57M	shares	Point-in-time
Common stock, shares subject to possible conversion	`CommonStockSharesSubjectToPossibleConversion`	9.92M	shares	Point-in-time
Total current assets:	`AssetsCurrent`	$92.78K	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
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`	$113.94M	USD	Point-in-time
Cash, cash equivalents and securities held in Trust	`CashCashEquivalentsAndSecuritiesHeldInTrust`	$117.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.67M	shares	Point-in-time
Total assets:	`Assets`	$114.03M	USD	Point-in-time
Total assets:	`Assets`	$117.55M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.51M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.67M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.51M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$484.07K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$130.90K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$130.90K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$484.07K	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 to stockholders	`LongTermNotesPayable`	$60.00K	USD	Point-in-time
Note payable to stockholders	`LongTermNotesPayable`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.52M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, subject to possible conversion (9,917,441 and 10,573,050 shares at conversion value) as of June 30, 2017 and December 31, 2016 respectively.	`TemporaryEquityCarryingAmountAttributableToParent`	$102.68M	USD	Point-in-time
Common Stock, subject to possible conversion (9,917,441 and 10,573,050 shares at conversion value) as of June 30, 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, 4,671,974 issued and outstanding at June 30, 2017 and 4,511,700 at December 31, 2016 (excluding 9,917,441 and 10,573,050 respectively that are shares subject to possible conversion at June 30, 2017 and December 31, 2016).	`CommonStockValue`	$451.00	USD	Point-in-time
Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,671,974 issued and outstanding at June 30, 2017 and 4,511,700 at December 31, 2016 (excluding 9,917,441 and 10,573,050 respectively that are shares subject to possible conversion at June 30, 2017 and December 31, 2016).	`CommonStockValue`	$467.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-989.64K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-699.21K	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`	$114.03M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$83.91K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$548.32K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$248.71K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$281.01K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$25.00K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$75.00K	USD	2 Qtrs
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$37.50K	USD	1 Quarter
General and administrative costs - related party	`OtherGeneralAndAdministrativeExpense`	$75.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-623.32K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-121.41K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-306.01K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-323.71K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$56.29K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$197.79K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$332.88K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$102.39K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-290.43K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-65.12K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-108.22K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-221.32K	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.57M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.54M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.50M	shares	1 Quarter
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`	$-0.06	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-290.43K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-65.12K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-108.22K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-221.32K	USD	2 Qtrs
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-102.27K	USD	2 Qtrs
Interest earned on cash and securities in trust	`InterestEarnedOnCashAndSecuritiesInTrust`	$-332.88K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.83K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.27K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.50K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$353.17K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-291.98K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-296.82K	USD	2 Qtrs
Addition to principal in the Trust Account	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Addition to principal in the Trust Account	`PaymentsForProceedsFromInvestments`	$1.21M	USD	2 Qtrs
Cash withdrawn from Trust Account	`CashWithdrawnFromTrustAccount`	$5.11M	USD	2 Qtrs
Cash withdrawn from Trust Account	`CashWithdrawnFromTrustAccount`	$85.53K	USD	2 Qtrs
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$3.90M	USD	2 Qtrs
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$85.53K	USD	2 Qtrs
Proceeds from note payable and notes payable to stockholders	`ProceedsFromNotesPayable`	$1.48M	USD	2 Qtrs
Proceeds from note payable and notes payable to stockholders	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$5.06M	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Net cash (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.58M	USD	2 Qtrs
Net cash (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	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`	$26.67K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.42K	USD	Point-in-time
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`	$23.86K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.54K	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`	$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`	$23.86K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.54K	USD	Point-in-time
Change in value of ordinary shares subject to possible conversion	`ChangeInValueOfOrdinarySharesSubjectPossibleConversion`	$-1.50M	USD	2 Qtrs

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