10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-008579`
Period End Date	20170930
Filing Date	20171108
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	next-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 61 Cash Flow Statement 43 Stockholders Equity 18

Balance Sheet 59 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`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.97M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$44.71M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	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
Deferred equity issuance costs	`DeferredOfferingCosts`	$578.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$5.06M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$5.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.30M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$67.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$349.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$349.00K	USD	Point-in-time
Total assets	`Assets`	$75.78M	USD	Point-in-time
Total assets	`Assets`	$118.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.82M	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$993.00K	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$4.11M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.93M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.02M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.75M	USD	Point-in-time
Non-current share-based compensation liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$1.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.24M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1.0 million shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1.0 million shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$88.41M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$147.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$68.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$108.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$75.78M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$118.76M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.01M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.39M	USD	3 Qtrs
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$442.00K	USD	3 Qtrs
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$150.00K	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$250.00K	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$733.00K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$78.00K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$73.00K	USD	3 Qtrs
Impairment loss on capital projects	`AssetImpairmentCharges`	$506.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$19.20M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$14.29M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-19.20M	USD	3 Qtrs
Total operating loss	`OperatingIncomeLoss`	$-2.06M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-14.29M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-6.22M	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$145.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$236.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$24.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$40.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$12.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$12.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$31.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$25.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$15.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$12.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$133.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$205.00K	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.21M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.16M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.00M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.05M	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.19	USD	3 Qtrs
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.14	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.12M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.68M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	103.87M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.68M	shares	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.21M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.16M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.00M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.05M	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	3 Qtrs
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$6.00K	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$9.00K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-14.15M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.99M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.05M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.21M	USD	3 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.21M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-19.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation	`Depreciation`	$78.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation	`Depreciation`	$73.00K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$10.48M	USD	3 Qtrs
Impairment loss on capital projects	`AssetImpairmentCharges`	$506.00K	USD	3 Qtrs
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-234.00K	USD	3 Qtrs
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-53.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-473.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$190.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$639.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$209.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.99M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.23M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.92M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.69M	USD	3 Qtrs
Issuance of note receivable	`PaymentsForIssuanceOfNotesReceivable`	$115.00K	USD	3 Qtrs
Repayment of note receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$115.00K	USD	3 Qtrs
Cash received in reverse recapitalization	`CashReceivedFromReverseRecapitalization`	$26.77M	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-17.00M	USD	3 Qtrs
Investments	`PaymentsToAcquireInvestments`	$54.00K	USD	3 Qtrs
Investments	`PaymentsToAcquireInvestments`	$5.01M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.92M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$16.03M	USD	3 Qtrs
Proceeds from equity issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$30.10M	USD	3 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$5.95M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.15M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.19M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.15M	USD	3 Qtrs
Cash - Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.13M	USD	Point-in-time
Cash - Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.97M	USD	Point-in-time
Cash - Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$44.71M	USD	Point-in-time
Cash - Beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.52M	USD	Point-in-time
Cash - End of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.13M	USD	Point-in-time
Cash - End of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.97M	USD	Point-in-time
Cash - End of the period	`CashAndCashEquivalentsAtCarryingValue`	$44.71M	USD	Point-in-time
Cash - End of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.52M	USD	Point-in-time
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$1.27M	USD	3 Qtrs
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$1.37M	USD	3 Qtrs
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$1.84M	USD	3 Qtrs
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$875.00K	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$108.52M	USD	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	95.90M	shares	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Pre-merger equity issuance	`StockIssuedDuringPeriodValuePreMergerEquityIssuance`	$20.10M	USD	3 Qtrs
Reverse recapitalization	`StockIssuedDuringPeriodValueReverseRecapitalization`	$26.77M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	3 Qtrs
Equity issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$6.29M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.83M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$9.00K	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.21M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.16M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.00M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.05M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$108.52M	USD	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	95.90M	shares	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time

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