XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended 9 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2014
Jun. 16, 2013
Resonant LLC
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Loss $ (2,488,229) $ (7,559,337) $ (784,731)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,976 141,665 4,905
Amortization of deferred finance costs 721,980 2,404,196 200,000
Stock-based compensation   409,531  
Warrants and options issued for payment of services 715,794 246,358  
Non-cash rent expense     22,338
Non-cash investment income   (9,385)  
Bridge warrant expense 312,486   247,669
Gain on extinguishment of derivative liability   (1,163,772)  
Fair value adjustments to warrant and derivative liabilities (164,258) 2,015,599  
Changes in assets and liabilities:      
Prepaids and other current assets (32,558) 106,088 (108,722)
Other assets (7,614) (2,874)  
Accounts payable (250,714) 54,134 332,044
Accrued expenses 86,486 (89,428) (75,489)
Accrued compensation   141,276  
Other liabilities   57,879  
Net cash used in operating activities (1,103,650) (3,248,070) (161,986)
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (41,518) (586,915)  
Expenditures for patents and domain names (50,410) (81,688) (75,696)
Purchase of investment held-to-maturity   (7,979,889)  
Net cash used in investing activities (91,928) (8,648,492) (75,696)
CASH FLOWS FROM FINANCING ACTIVITIES      
Payment of note payable (100,000)    
Proceeds from bridge loan     200,000
Payment of bridge loan (200,000)    
Proceeds from issuance of convertible note 7,000,000    
Deferred financing cost (1,154,234)    
Proceeds from sale of common stock from the IPO   18,630,000  
IPO costs   (2,388,027)  
Proceeds from issuance of warrants   1,000 1,000
Net cash provided by financing activities 5,545,766 16,242,973 201,000
NET INCREASE (DECREASE) IN CASH 4,350,188 4,346,411 (36,682)
CASH - Beginning of period 52,362 3,338,979 89,044
CASH - End of period 4,402,550 7,685,390 52,362
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest   413,754  
Taxes   800  
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Issuance of subordinated note in exchange for Class C units 2,400,000    
Charge to equity for difference in fair value of subordinate note 2,133,855    
Debt discount in conjunction with senior note 266,145    
Debt discount in conjunction with senior note 329,886    
Debt discount in conjunction with senior note-derivative 2,005,015    
Conversion of senior note   7,000,000  
Conversion of subordinated note   2,400,000  
Extinguishment of derivative liability   5,526,003  
Reclassification of warrant liabilities to additional paid-in capital   $ 3,658,411