10-Q Filing

NEXTDECADE CORP CIK: 1612720 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-006903`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	next-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 58 Cash Flow Statement 42 Stockholders Equity 13

Balance Sheet 53 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.85M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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`	$5.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$5.06M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.19M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$26.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.87M	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$86.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.30M	shares	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
Total assets	`Assets`	$116.09M	USD	Point-in-time
Total assets	`Assets`	$112.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$623.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$726.00K	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$1.81M	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$7.55M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$5.86M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$9.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.40M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.02M	USD	Point-in-time
Non-current share-based compensation liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.06M	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, $0.0001 par value Authorized: 480.0 million shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 106.4 million shares and 106.3 million shares at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $0.0001 par value Authorized: 480.0 million shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 106.4 million shares and 106.3 million shares at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$158.74M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$169.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$94.13M	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`	$112.19M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.38M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.32M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.32M	USD	2 Qtrs
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$247.00K	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$483.00K	USD	2 Qtrs
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$250.00K	USD	1 Quarter
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$500.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$48.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$52.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$77.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$26.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.90M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.92M	USD	2 Qtrs
Total operating loss	`OperatingIncomeLoss`	$-2.50M	USD	1 Quarter
Total operating loss	`OperatingIncomeLoss`	$-19.90M	USD	2 Qtrs
Total operating loss	`OperatingIncomeLoss`	$-4.92M	USD	2 Qtrs
Total operating loss	`OperatingIncomeLoss`	$-3.62M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$86.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$253.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$49.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$131.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-39.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$134.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$214.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$68.00K	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.46M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.68M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.48M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.85M	USD	2 Qtrs
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	2 Qtrs
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.18	USD	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.71M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.40M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.39M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	97.72M	shares	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.46M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.68M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.48M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.85M	USD	2 Qtrs
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$3.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.48M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.68M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.46M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.85M	USD	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.85M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-19.68M	USD	2 Qtrs
Depreciation	`Depreciation`	$48.00K	USD	1 Quarter
Depreciation	`Depreciation`	$52.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$77.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$26.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$11.25M	USD	2 Qtrs
Loss on investment securities	`UnrealizedGainLossOnInvestments`	$-25.00K	USD	2 Qtrs
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$96.00K	USD	2 Qtrs
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-114.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-166.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-58.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$-204.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$-578.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.05M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.06M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.58M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.75M	USD	2 Qtrs
Issuance of note receivable	`PaymentsForIssuanceOfNotesReceivable`	$115.00K	USD	2 Qtrs
Repayment of note receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$5.00K	USD	2 Qtrs
Investments	`PaymentsToAcquireInvestments`	$37.00K	USD	2 Qtrs
Investments	`PaymentsToAcquireInvestments`	$50.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.73M	USD	2 Qtrs
Proceeds from equity issuance	`ProceedsFromIssuanceOrSaleOfEquity`	$15.00M	USD	2 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$2.57M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.43M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.65M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.86M	USD	2 Qtrs
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.17M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.85M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.17M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.85M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$453.00K	USD	2 Qtrs
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$1.54M	USD	2 Qtrs
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$3.30M	USD	2 Qtrs
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$6.93M	USD	2 Qtrs
Accrued liability for deferred financing cost	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$1.08M	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$94.13M	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`	$10.72M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.46M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.68M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.48M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.85M	USD	2 Qtrs
Balance at the end of the period	`StockholdersEquity`	$94.13M	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.