10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004473`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	next-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 29 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 55 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.70M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$5.06M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$5.07M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	106.40M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$42.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.05M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$79.36M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.30M	shares	Point-in-time
Total assets	`Assets`	$111.42M	USD	Point-in-time
Total assets	`Assets`	$116.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$726.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$247.00K	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$1.95M	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$1.81M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$5.47M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$5.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.67M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$1.00M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.02M	USD	Point-in-time
Non-current share-based compensation liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$3.42M	USD	Point-in-time
Non-current share-based compensation liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.00M	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`	$11.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$171.18M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$158.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$99.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$103.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$116.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$111.42M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$250.00K	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$236.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$29.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.42M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-16.28M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-2.42M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$122.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$37.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$42.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$8.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$80.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$29.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.20M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.39M	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.15	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.39M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.69M	shares	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.20M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.39M	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$5.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-16.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.38M	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.39M	USD	1 Quarter
Net loss	`ProfitLoss`	$-16.20M	USD	1 Quarter
Depreciation	`Depreciation`	$26.00K	USD	1 Quarter
Depreciation	`Depreciation`	$29.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$12.23M	USD	1 Quarter
Loss on investment securities	`UnrealizedGainLossOnInvestments`	$-22.00K	USD	1 Quarter
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.35M	USD	1 Quarter
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$183.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$235.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-156.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$161.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$-1.54M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.32M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.80M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.18M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.38M	USD	1 Quarter
Issuance of note receivable	`PaymentsForIssuanceOfNotesReceivable`	$115.00K	USD	1 Quarter
Investments	`PaymentsToAcquireInvestments`	$24.00K	USD	1 Quarter
Investments	`PaymentsToAcquireInvestments`	$16.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.20M	USD	1 Quarter
Proceeds from equity issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$100.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.73M	USD	1 Quarter
Cash and cash equivalents beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.79M	USD	Point-in-time
Cash and cash equivalents beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.70M	USD	Point-in-time
Cash and cash equivalents beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Cash and cash equivalents beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Cash and cash equivalents end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.79M	USD	Point-in-time
Cash and cash equivalents end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.70M	USD	Point-in-time
Cash and cash equivalents end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Cash and cash equivalents end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$352.00K	USD	1 Quarter
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$175.00K	USD	1 Quarter
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$3.18M	USD	1 Quarter
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$4.47M	USD	1 Quarter
Accrued liability for deferred financing cost	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$891.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$99.33M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$103.09M	USD	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	106.40M	shares	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.44M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.20M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.39M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$99.33M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$103.09M	USD	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	106.40M	shares	Point-in-time

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