10-Q Filing

ANTERIX INC. CIK: 1304492 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001304492-20-000042`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	atex-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 38 Cash Flow Statement 57 Stockholders Equity 16

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.00K	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`	$124.77M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.45M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10 and $12, respectively	`AccountsReceivableNetCurrent`	$25.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10 and $12, respectively	`AccountsReceivableNetCurrent`	$61.00K	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`	$1.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.64M	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`	$126.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.15M	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`	17.18M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.00M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.29M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$6.50M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.29M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$6.09M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.18M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$6.50M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$115.84M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$111.53M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$39.00K	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$35.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$180.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$166.00K	USD	Point-in-time
Total assets	`Assets`	$254.38M	USD	Point-in-time
Total assets	`Assets`	$267.40M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.99M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$106.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$110.00K	USD	Point-in-time
Restructuring reserve	`RestructuringReserveCurrent`	$341.00K	USD	Point-in-time
Restructuring reserve	`RestructuringReserveCurrent`	$636.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.61M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.70M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$729.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$733.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.82M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.67M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.05M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.05M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.73M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.55M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$3.08M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$3.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$640.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$849.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$19.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.33M	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 June 30, 2020 and March 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at June 30, 2020 and March 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 17,289,027 shares issued and outstanding at June 30, 2020 and 17,184,712 shares issued and outstanding at March 31, 2020	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 17,289,027 shares issued and outstanding at June 30, 2020 and 17,184,712 shares issued and outstanding at March 31, 2020	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$450.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$455.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-205.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$245.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$180.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$267.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$254.38M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$453.00K	USD	1 Quarter
Operating revenues	`Revenues`	$256.00K	USD	1 Quarter
Direct cost of revenue (exclusive of depreciation and amortization)	`CostOfRevenue`	$548.00K	USD	1 Quarter
Direct cost of revenue (exclusive of depreciation and amortization)	`CostOfRevenue`	$918.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.74M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.21M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$661.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$680.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$692.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$642.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.21M	USD	1 Quarter
Stock compensation expense	`LaborAndRelatedExpense`	$1.96M	USD	1 Quarter
Stock compensation expense	`LaborAndRelatedExpense`	$1.58M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$110.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$13.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$29.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$9.99M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$10.84M	USD	1 Quarter
Loss from disposal of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$-4.68M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.27M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$354.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$41.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$110.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Loss on equity method investment	`IncomeLossFromEquityMethodInvestments`	$-4.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$292.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.13M	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`	$-0.88	USD	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.21M	shares	1 Quarter
Weighted-average common shares used to compute basic and diluted net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.76M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$642.00K	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$1.96M	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
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Bad debt expense	`ProvisionForLoanLeaseAndOtherLosses`	$87.00K	USD	1 Quarter
Loss from disposal of intangible assets	`GainLossOnDisposalOfCapitalizedPatentCosts`	$-4.68M	USD	1 Quarter
(Gain) loss on disposal of long-lived assets	`GainLossOnDispositionOfAssets1`	$1.00K	USD	1 Quarter
(Gain) loss on disposal of long-lived assets	`GainLossOnDispositionOfAssets1`	$-1.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$29.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Loss on equity method investment	`IncomeLossFromEquityMethodInvestments`	$-4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-182.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.06M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortization`	$411.00K	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`	$-124.00K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-4.00K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-73.00K	USD	1 Quarter
Restructuring reserve	`RestructuringCosts`	$-295.00K	USD	1 Quarter
Restructuring reserve	`RestructuringCosts`	$-803.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$324.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$467.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-187.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-199.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$209.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.61M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.03M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.99M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$247.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-247.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.09M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.02M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.72M	USD	1 Quarter
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$142.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.70M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.69M	USD	1 Quarter
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.45M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.02M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.77M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.72M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.45M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.02M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.77M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.72M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter
Equity payment of prior year accrued employee related expenses	`StockIssued1`	$1.54M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$245.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$180.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.54M	USD	Point-in-time
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.58M	USD	1 Quarter
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.96M	USD	1 Quarter
Equity payment of prior year accrued employee related expenses	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.54M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.72M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.02M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$142.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.13M	USD	1 Quarter
Balance	`StockholdersEquity`	$245.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$180.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.45M	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.