10-Q Filing

ANTERIX INC. CIK: 1304492 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001304492-15-000021`
Period End Date	20150930
Filing Date	20151110
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	pdvw-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 60 Cash Flow Statement 50 Stockholders Equity 15

Balance Sheet 60 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`	10.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.27M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.28M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$399.47K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$395.17K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$629.79K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$354.22K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	12.53M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$120.90M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$170.03M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.38M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$6.38M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$10.47M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.38M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	12.53M	shares	Point-in-time
Intangible Assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$100.30M	USD	Point-in-time
Intangible Assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$100.08M	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedPatentsNet`	$221.33K	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedPatentsNet`	$220.78K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.63K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.56M	USD	Point-in-time
Total assets	`Assets`	$227.83M	USD	Point-in-time
Total assets	`Assets`	$282.37M	USD	Point-in-time
Accounts Payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.47M	USD	Point-in-time
Accounts Payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.89M	USD	Point-in-time
Accounts Payable - officers	`DueToRelatedPartiesCurrent`	$40.67K	USD	Point-in-time
Accounts Payable - officers	`DueToRelatedPartiesCurrent`	$42.28K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$745.84K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$737.66K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.25M	USD	Point-in-time
Deferred Revenue	`DeferredRevenueNoncurrent`	$6.01M	USD	Point-in-time
Deferred Revenue	`DeferredRevenueNoncurrent`	$6.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.69M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.0001 per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2015 and March 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.0001 per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2015 and March 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,375,179 shares issued and outstanding at September 30, 2015 and 12,530,493 shares issued and outstanding at March 31, 2015	`CommonStockValue`	$1.44K	USD	Point-in-time
Common Stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,375,179 shares issued and outstanding at September 30, 2015 and 12,530,493 shares issued and outstanding at March 31, 2015	`CommonStockValue`	$1.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$323.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$255.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$214.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$271.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$227.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$282.37M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`SalesRevenueServicesNet`	$622.07K	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$1.27M	USD	2 Qtrs
Service revenue	`SalesRevenueServicesNet`	$659.13K	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$1.49M	USD	2 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$364.37K	USD	2 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$182.19K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$30.36K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$30.36K	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$7.20K	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$17.21K	USD	2 Qtrs
Total operating revenues	`Revenues`	$1.65M	USD	2 Qtrs
Total operating revenues	`Revenues`	$811.46K	USD	1 Quarter
Total operating revenues	`Revenues`	$689.50K	USD	1 Quarter
Total operating revenues	`Revenues`	$1.52M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$865.76K	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$223.71K	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$490.58K	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$507.64K	USD	2 Qtrs
Gross profit	`GrossProfit`	$465.78K	USD	1 Quarter
Gross profit	`GrossProfit`	$320.87K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01M	USD	2 Qtrs
Gross profit	`GrossProfit`	$786.56K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.31M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.92M	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$689.36K	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$885.01K	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.70M	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$397.76K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$210.06K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$436.75K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$641.10K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$336.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.05M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.65M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.11M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.86M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.04M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.64M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.49M	USD	1 Quarter
Interest expense - affiliated entities	`InterestExpenseRelatedParty`	$570.74K	USD	2 Qtrs
Interest expense - affiliated entities	`InterestExpenseRelatedParty`	$377.46K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$29.29K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$51.51K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.25K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.25K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-3.02M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.61M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.81M	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.70	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.76	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.99M	shares	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.94M	shares	2 Qtrs
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.38M	shares	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.41M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.02M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.81M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$128.45K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.22K	USD	2 Qtrs
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$2.46M	USD	2 Qtrs
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$1.11M	USD	1 Quarter
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$3.28M	USD	2 Qtrs
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$1.18M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.29K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$88.23K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$32.10K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-95.52K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$486.39K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.58M	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayable`	$-99.96K	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayable`	$1.62K	USD	2 Qtrs
Accrued interest expense	`IncreaseDecreaseInInterestPayableNet`	$-332.32K	USD	2 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-361.61K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-356.20K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.47M	USD	2 Qtrs
Net cash flows (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.74M	USD	2 Qtrs
Net cash flows (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.07M	USD	2 Qtrs
Payment of deposit	`PaymentsForDepositsmInvestingActivities`	$13.50M	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$76.80M	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.14M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.21K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.21M	USD	2 Qtrs
Payments for patent costs	`PaymentsToAcquireOtherProductiveAssets`	$5.64K	USD	2 Qtrs
Payments for patent costs	`PaymentsToAcquireOtherProductiveAssets`	$4.07K	USD	2 Qtrs
Net Cash used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.36M	USD	2 Qtrs
Net Cash used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.34M	USD	2 Qtrs
Net proceeds from Rule 144A Offering	`ProceedsFromIssuanceInitialPublicOffering`	$201.92M	USD	2 Qtrs
Net proceeds from follow on offering	`ProceedsFromIssuanceOfCommonStock`	$64.79M	USD	2 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$40.00K	USD	2 Qtrs
Payment of notes payable, net	`RepaymentsOfNotesPayable`	$1.09M	USD	2 Qtrs
Proceeds from Motorola investment	`ProceedsFromEquityMethodInvestmentsFinancingActivities`	$10.00M	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$210.83M	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$64.83M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.41M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$125.23M	USD	2 Qtrs
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$125.27M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$119.87M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$45.68K	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$169.28M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$125.27M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$119.87M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$45.68K	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$169.28M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$214.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$271.68M	USD	Point-in-time
Issuance of stock, net of closing costs	`StockIssuedDuringPeriodValueNewIssues`	$64.79M	USD	2 Qtrs
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$2.46M	USD	2 Qtrs
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$1.11M	USD	1 Quarter
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$3.28M	USD	2 Qtrs
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$1.18M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$40.00K	USD	2 Qtrs
Stock option exercises, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3,019.00	shares	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.02M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.81M	USD	2 Qtrs
Balance	`StockholdersEquity`	$214.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$271.68M	USD	Point-in-time

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