10-Q Filing

ANTERIX INC. CIK: 1304492 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001304492-18-000063`
Period End Date	20180930
Filing Date	20181107
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	pdvw-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 66 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$29.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$137.00K	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`	$85.64M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.32M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $137 and $29	`AccountsReceivableNetCurrent`	$935.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $137 and $29	`AccountsReceivableNetCurrent`	$978.00K	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
Inventory	`InventoryNet`	$173.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$850.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$100.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.72M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.57M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$11.00M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.57M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.49M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$12.78M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$106.61M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$107.54M	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$191.00K	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$197.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$486.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$828.00K	USD	Point-in-time
Total assets	`Assets`	$207.29M	USD	Point-in-time
Total assets	`Assets`	$220.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.39M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.32M	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$28.00K	USD	Point-in-time
Accounts payable - officers	`DueToRelatedPartiesCurrent`	$94.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$804.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$813.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.22M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$4.26M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.86M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.91M	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, 2018 and March 31, 2018	`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, 2018 and March 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,573,267 shares issued and outstanding at September 30, 2018 and 14,487,650 shares issued and outstanding at March 31, 2018	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,573,267 shares issued and outstanding at September 30, 2018 and 14,487,650 shares issued and outstanding at March 31, 2018	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$335.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$343.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-127.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-150.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$208.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$193.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$207.29M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$2.98M	USD	2 Qtrs
Operating revenues	`Revenues`	$1.82M	USD	1 Quarter
Operating revenues	`Revenues`	$1.51M	USD	1 Quarter
Operating revenues	`Revenues`	$3.69M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$1.80M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$3.61M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$3.95M	USD	2 Qtrs
Sales and service	`CostOfGoodsAndServicesSold`	$1.91M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-398.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-634.00K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$26.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-254.00K	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`	$6.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.15M	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$864.00K	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.70M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$2.50M	USD	2 Qtrs
Sales and support	`SellingAndMarketingExpense`	$3.39M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$628.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$573.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.18M	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$1.21M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$8.12M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$4.15M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$531.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$14.45M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.51M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.33M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.72M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.08M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-12.15M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-24.77M	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$686.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$184.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$370.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$297.00K	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`	$-1.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.78M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.08M	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`	$1.30M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$656.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.08M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.57	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.66	USD	2 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.81	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.12	USD	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`	14.52M	shares	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`	14.50M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.08M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.45M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.37M	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`	$7.48M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	2 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$161.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$16.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-26.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-14.00K	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$531.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$93.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$204.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-64.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-173.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-294.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-173.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-722.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.07M	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.00K	USD	2 Qtrs
Accounts payable - officers	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-66.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-353.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-406.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.50M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$373.00K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.21M	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.31M	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$936.00K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.68M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$211.00K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$769.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.45M	USD	2 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$825.00K	USD	2 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$214.00K	USD	2 Qtrs
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$139.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$686.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$214.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.54M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.67M	USD	2 Qtrs
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.08M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.55M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.32M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.64M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.08M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.55M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.32M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.64M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$5.00K	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	$9.00K	USD	2 Qtrs
Capital expenditures included in other liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$202.00K	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$208.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$193.38M	USD	Point-in-time
Cumulative effect of change in accounting principle	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$768.00K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$209.30M	USD	Point-in-time
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.48M	USD	2 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$825.00K	USD	2 Qtrs
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$139.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-24.08M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Balance	`StockholdersEquity`	$208.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$193.38M	USD	Point-in-time

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