10-Q Filing

ANTERIX INC. CIK: 1304492 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001304492-21-000036`
Period End Date	20210630
Filing Date	20210811
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	atex-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 37 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.54M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.00K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.51M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$111.59M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	18.04M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$121.05M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.67M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.42M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	18.04M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.67M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.57M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$5.10M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$5.10M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$4.80M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$126.99M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$122.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.21M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.31M	USD	Point-in-time
Total assets	`Assets`	$248.11M	USD	Point-in-time
Total assets	`Assets`	$253.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.26M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.05M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$152.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$120.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.47M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.47M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.43M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$737.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$737.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.34M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.26M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.60M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$20.00M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$20.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.25M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.06M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$3.35M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$3.21M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$863.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$876.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$38.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.55M	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, 2021 and March 31, 2021	`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, 2021 and March 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,038,065 shares issued and outstanding at June 30, 2021 and17,669,905 shares issued and outstanding at March 31, 2021	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,038,065 shares issued and outstanding at June 30, 2021 and17,669,905 shares issued and outstanding at March 31, 2021	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$472.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$481.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-272.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-260.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$245.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$212.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$248.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$253.06M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$256.00K	USD	1 Quarter
Operating revenues	`Revenues`	$182.00K	USD	1 Quarter
Direct cost of revenue (exclusive of depreciation and amortization)	`CostOfRevenue`	$548.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.73M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.05M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$701.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$801.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$278.00K	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`	$15.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$12.08M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$10.84M	USD	1 Quarter
Loss from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$-4.68M	USD	1 Quarter
Loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	1 Quarter
Loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-15.27M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.90M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$26.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$41.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Loss on equity method investment	`IncomeLossFromEquityMethodInvestments`	$-4.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$146.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.95M	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.88	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.67	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`	17.74M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$278.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.21M	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`	$3.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$146.00K	USD	1 Quarter
Net loss from disposal of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$-4.68M	USD	1 Quarter
Net loss from disposal of long-lived assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	1 Quarter
Net loss from disposal of long-lived assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Net loss from disposal of long-lived assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	Point-in-time
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$29.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$15.00K	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`	$-4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-55.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-296.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortization`	$411.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortization`	$300.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.21M	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`	$-32.00K	USD	1 Quarter
Restructuring reserve	`RestructuringCosts`	$-295.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$467.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$377.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-187.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-182.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$209.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-13.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.37M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.66M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$6.23M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$6.19M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$156.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.33M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.35M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$5.37M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.37M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.64M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.69M	USD	1 Quarter
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.54M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.77M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.90M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.45M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.54M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.77M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.90M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.45M	USD	Point-in-time
Network equipment provided for wireless licenses	`ContributionOfPropertyInExchangeForIntangibleAssets`	$18.00K	USD	1 Quarter
Equity payment of prior year accrued employee related expenses	`StockIssued1`	$1.54M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$209.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$212.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.45M	USD	Point-in-time
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.96M	USD	1 Quarter
Equity based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.30M	USD	1 Quarter
Equity payment of prior year accrued employee related expenses	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.54M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.02M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.95M	USD	1 Quarter
Balance	`StockholdersEquity`	$209.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$212.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.45M	USD	Point-in-time

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