10-Q Filing

ANTERIX INC. CIK: 1304492 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001304492-19-000045`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	atex-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 33 Cash Flow Statement 52 Stockholders Equity 19

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$155.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$77.00K	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`	$69.02M	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`	$76.72M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $155 and $77, respectively	`AccountsReceivableNetCurrent`	$297.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $155 and $77, respectively	`AccountsReceivableNetCurrent`	$444.00K	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.19M	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
Total current assets	`AssetsCurrent`	$78.35M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$70.51M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.83M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.84M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.74M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.84M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.74M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$7.57M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$7.10M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$107.55M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$107.55M	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$181.00K	USD	Point-in-time
Capitalized patent costs, net	`FiniteLivedIntangibleAssetsNet`	$184.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$845.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$819.00K	USD	Point-in-time
Total assets	`Assets`	$196.75M	USD	Point-in-time
Total assets	`Assets`	$195.93M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.52M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.11M	USD	Point-in-time
Restructuring reserve	`RestructuringReserveCurrent`	$2.26M	USD	Point-in-time
Restructuring reserve	`RestructuringReserveCurrent`	$2.76M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$183.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$110.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.62M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$779.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$792.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.84M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$8.24M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.28M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.47M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$977.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$685.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$598.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.39M	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 March 31, 2019 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 March 31, 2019 and March 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,840,113 shares issued and outstanding at June 30, 2019 and 14,739,145 shares issued and outstanding at March 31, 2019	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 14,840,113 shares issued and outstanding at June 30, 2019 and 14,739,145 shares issued and outstanding at March 31, 2019	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$352.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$349.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-168.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-177.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$180.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$200.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$208.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$196.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$195.93M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$453.00K	USD	1 Quarter
Operating revenues	`Revenues`	$1.87M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$1.49M	USD	1 Quarter
Sales and service	`CostOfGoodsAndServicesSold`	$2.15M	USD	1 Quarter
Gross loss	`GrossProfit`	$-1.04M	USD	1 Quarter
Gross loss	`GrossProfit`	$-274.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.57M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.49M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.21M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.63M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$637.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$686.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$110.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$3.98M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$534.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.35M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.62M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$316.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$354.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.30M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.08M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$292.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.30M	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.85	USD	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.76M	shares	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.48M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$642.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$728.00K	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$3.82M	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$1.58M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$292.00K	USD	1 Quarter
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$87.00K	USD	1 Quarter
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$60.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$534.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-182.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$60.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-170.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortization`	$347.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.37M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.03M	USD	1 Quarter
Restructuring reserve	`RestructuringCosts`	$-803.00K	USD	1 Quarter
Restructuring reserve	`RestructuringCosts`	$1.21M	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-73.00K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-177.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$324.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-206.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-199.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$141.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.03M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.12M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$247.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-247.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.72M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$4.00K	USD	1 Quarter
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$112.00K	USD	1 Quarter
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$142.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.70M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.38M	USD	1 Quarter
Beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.32M	USD	Point-in-time
Beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.72M	USD	Point-in-time
Beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.02M	USD	Point-in-time
Beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.94M	USD	Point-in-time
End of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.32M	USD	Point-in-time
End of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.72M	USD	Point-in-time
End of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.02M	USD	Point-in-time
End of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.94M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$180.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$200.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$208.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.54M	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
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$180.76M	USD	Point-in-time
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.58M	USD	1 Quarter
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.82M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.00K	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.72M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$112.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$142.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.30M	USD	1 Quarter
Balance	`StockholdersEquity`	$180.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$200.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$208.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.54M	USD	Point-in-time

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