10-Q Filing

ANTERIX INC. CIK: 1304492 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001304492-18-000011`
Period End Date	20171231
Filing Date	20180206
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	pdvw-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 75 Cash Flow Statement 48 Stockholders Equity 10

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$53.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$63.00K	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
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.69M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.24M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $63 and $53	`AccountsReceivableNetCurrent`	$764.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $63 and $53	`AccountsReceivableNetCurrent`	$636.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Inventory	`InventoryNet`	$125.00K	USD	Point-in-time
Inventory	`InventoryNet`	$128.00K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$874.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.57M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.36M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$125.72M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.36M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$14.51M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.47M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$13.36M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$104.68M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$106.61M	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$210.00K	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$201.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$370.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$578.00K	USD	Point-in-time
Total assets	`Assets`	$245.49M	USD	Point-in-time
Total assets	`Assets`	$227.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.95M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.40M	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$40.00K	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$36.00K	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`	$789.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$807.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$4.45M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$5.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$5.62M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.13M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.50M	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 December 31, 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 December 31, 2017 and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,469,237 shares issued and outstanding at December 31, 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 14,469,237 shares issued and outstanding at December 31, 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`	$334.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$330.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-124.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$227.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$245.49M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$227.31M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`SalesRevenueServicesNet`	$2.63M	USD	3 Qtrs
Service revenue	`SalesRevenueServicesNet`	$3.50M	USD	3 Qtrs
Service revenue	`SalesRevenueServicesNet`	$1.23M	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$976.00K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$547.00K	USD	3 Qtrs
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$182.00K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$182.00K	USD	1 Quarter
Spectrum lease revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$547.00K	USD	3 Qtrs
Other revenue	`OtherSalesRevenueNet`	$187.00K	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$532.00K	USD	3 Qtrs
Other revenue	`OtherSalesRevenueNet`	$349.00K	USD	3 Qtrs
Other revenue	`OtherSalesRevenueNet`	$177.00K	USD	1 Quarter
Total operating revenues	`Revenues`	$4.58M	USD	3 Qtrs
Total operating revenues	`Revenues`	$1.60M	USD	1 Quarter
Total operating revenues	`Revenues`	$1.33M	USD	1 Quarter
Total operating revenues	`Revenues`	$3.52M	USD	3 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$2.02M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$5.63M	USD	3 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$1.83M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$5.09M	USD	3 Qtrs
Gross loss	`GrossProfit`	$-415.00K	USD	1 Quarter
Gross loss	`GrossProfit`	$-1.57M	USD	3 Qtrs
Gross loss	`GrossProfit`	$-1.05M	USD	3 Qtrs
Gross loss	`GrossProfit`	$-497.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.34M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.07M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.46M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$5.01M	USD	3 Qtrs
Sales and support	`SellingAndMarketingExpense`	$1.42M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$3.86M	USD	3 Qtrs
Sales and support	`SellingAndMarketingExpense`	$1.62M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$539.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.73M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$1.77M	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$592.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.12M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$23.66M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$7.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.81M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.09M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.23M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-23.17M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$197.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$494.00K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$25.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$73.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-9.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.71M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.29M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.17M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.90M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-875.00K	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.18M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-21.83M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.29M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.17M	USD	3 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.40	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.75	USD	3 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.51	USD	3 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.39M	shares	3 Qtrs
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.45M	shares	3 Qtrs
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`	14.40M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-21.83M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.29M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.63M	USD	3 Qtrs
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$3.64M	USD	3 Qtrs
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$4.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-875.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$26.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$43.00K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-36.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$384.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$153.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-3.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-49.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$327.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$769.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$51.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$550.00K	USD	3 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-28.00K	USD	3 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$4.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-598.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-565.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$568.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$502.00K	USD	3 Qtrs
Net cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-20.60M	USD	3 Qtrs
Net cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-16.91M	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$504.00K	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.93M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$749.00K	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67M	USD	3 Qtrs
Payments for patent costs	`PaymentsToAcquireOtherProductiveAssets`	$1.00K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.18M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.68M	USD	3 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$234.00K	USD	3 Qtrs
Taxes withheld and paid on employee stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$488.00K	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-254.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.78M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.84M	USD	3 Qtrs
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$130.69M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$153.46M	USD	Point-in-time
Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$104.24M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$124.08M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$130.69M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$153.46M	USD	Point-in-time
End of the period	`CashAndCashEquivalentsAtCarryingValue`	$104.24M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$209.81M	USD	Point-in-time
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.51M	USD	3 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$234.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-21.83M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.29M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.17M	USD	3 Qtrs
Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$209.81M	USD	Point-in-time

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