10-Q Filing

ANTERIX INC. CIK: 1304492 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001304492-17-000047`
Period End Date	20170930
Filing Date	20171107
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	pdvw-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 74 Cash Flow Statement 47 Stockholders Equity 11

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$59.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$53.00K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$110.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.46M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Accounts receivable, net of allowance for doubtful accounts of $59 and $53	`AccountsReceivableNetCurrent`	$636.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $59 and $53	`AccountsReceivableNetCurrent`	$713.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$128.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$64.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$874.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$480.00K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.36M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$125.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$111.80M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.44M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$14.51M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$14.11M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.36M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.44M	shares	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$106.35M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$104.68M	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$204.00K	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$210.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$471.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$370.00K	USD	Point-in-time
Total assets	`Assets`	$232.94M	USD	Point-in-time
Total assets	`Assets`	$245.49M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.40M	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$38.00K	USD	Point-in-time
Current portion of note payable	`NotesPayableCurrent`	$497.00K	USD	Point-in-time
Current portion of note payable	`NotesPayableCurrent`	$497.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$828.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$789.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$5.03M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$4.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2017 and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2017 and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,435,255 shares issued and outstanding at September 30, 2017 and 14,358,564 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,435,255 shares issued and outstanding at September 30, 2017 and 14,358,564 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$330.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$333.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-118.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$214.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$227.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$232.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$245.49M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`SalesRevenueServicesNet`	$1.16M	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$885.00K	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$1.65M	USD	2 Qtrs
Service revenue	`SalesRevenueServicesNet`	$2.27M	USD	2 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$182.00K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$364.00K	USD	2 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$364.00K	USD	2 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$182.00K	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$346.00K	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$172.00K	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$168.00K	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$74.00K	USD	1 Quarter
Total operating revenues	`Revenues`	$1.51M	USD	1 Quarter
Total operating revenues	`Revenues`	$1.14M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.98M	USD	2 Qtrs
Total operating revenues	`Revenues`	$2.19M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$3.26M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$1.91M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$1.68M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$3.61M	USD	2 Qtrs
Gross loss	`GrossProfit`	$-398.00K	USD	1 Quarter
Gross loss	`GrossProfit`	$-534.00K	USD	1 Quarter
Gross loss	`GrossProfit`	$-1.07M	USD	2 Qtrs
Gross loss	`GrossProfit`	$-634.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.22M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.88M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.48M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.70M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$3.39M	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$1.22M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$2.44M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$628.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$622.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.18M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$1.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.85M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.45M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.08M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.85M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.92M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$297.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$184.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$48.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$26.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-20.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.83M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.88M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.80M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.54M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$656.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.83M	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.12	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.24	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.57	USD	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.45M	shares	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.38M	shares	2 Qtrs
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.44M	shares	2 Qtrs
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.38M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-17.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.04M	USD	2 Qtrs
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$2.52M	USD	2 Qtrs
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$2.44M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	2 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$14.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$16.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-26.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$138.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$93.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-64.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-55.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-294.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-91.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-722.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-826.00K	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.00K	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-25.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-393.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-353.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$373.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$336.00K	USD	2 Qtrs
Net cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.31M	USD	2 Qtrs
Net cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.29M	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$503.00K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.68M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$769.00K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$710.00K	USD	2 Qtrs
Payments for patent costs	`PaymentsToAcquireOtherProductiveAssets`	$1.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.45M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.21M	USD	2 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$214.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$214.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.54M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.50M	USD	2 Qtrs
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$110.54M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$136.96M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$153.46M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$110.54M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$136.96M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$153.46M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$214.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$2.52M	USD	2 Qtrs
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$2.44M	USD	2 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$214.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.83M	USD	1 Quarter
Balance	`StockholdersEquity`	$214.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time

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