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Condensed Consolidated Statements of Cash Flows (USD $)
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6 Months Ended | 12 Months Ended | 6 Months Ended |
|---|---|---|---|
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Dec. 31, 2013
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Dec. 31, 2014
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Jun. 16, 2013
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| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Loss | $ (8,616,068)us-gaap_NetIncomeLoss | $ (9,731,210)us-gaap_NetIncomeLoss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 14,424us-gaap_DepreciationAndAmortization | 219,736us-gaap_DepreciationAndAmortization | |
| Amortization of deferred finance costs | 1,351,085us-gaap_AmortizationOfDeferredCharges | 2,404,196us-gaap_AmortizationOfDeferredCharges | |
| Stock-based compensation | 715,794us-gaap_ShareBasedCompensation | 1,087,278us-gaap_ShareBasedCompensation | |
| Non-cash investment income | (19,664)us-gaap_IncomeLossFromEquityMethodInvestments | ||
| Bridge warrant expense | 313,352resn_BridgeWarrantyExpense | ||
| Gain on extinguishment of derivative liability | (1,163,772)us-gaap_DerivativeGainLossOnDerivativeNet | ||
| Fair value adjustments to warrant and derivative liabilities | 4,520,736resn_FairValueAdjustmentOfWarrantsAndDerivative | 2,015,599resn_FairValueAdjustmentOfWarrantsAndDerivative | |
| Changes in assets and liabilities: | |||
| Prepaids and other current assets | 21,841us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 77,115us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | |
| Other assets | (11,782)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | (2,874)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | |
| Accounts payable | (293,922)us-gaap_IncreaseDecreaseInAccountsPayable | 130,919us-gaap_IncreaseDecreaseInAccountsPayable | |
| Accrued expenses | 105,394us-gaap_IncreaseDecreaseInAccruedLiabilities | (17,590)us-gaap_IncreaseDecreaseInAccruedLiabilities | |
| Accrued compensation | 11,201us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | 301,385us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | |
| Other liabilities | 3,876us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 85,993us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | |
| Net cash used in operating activities | (1,864,069)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (4,612,889)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (231,120)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,017,389)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | |
| Expenditures for patents and domain names | (89,959)us-gaap_PaymentsToAcquireIntangibleAssets | (139,642)us-gaap_PaymentsToAcquireIntangibleAssets | |
| Purchase of investment held-to-maturity | (7,979,889)us-gaap_PaymentsToAcquireHeldToMaturitySecurities | ||
| Net cash used in investing activities | (321,079)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (9,136,920)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Payment of note payable | (100,000)us-gaap_RepaymentsOfNotesPayable | ||
| Payment of bridge loan | (200,000)us-gaap_RepaymentsOfShortTermDebt | ||
| Proceeds from issuance of convertible note | 7,000,000us-gaap_ProceedsFromConvertibleDebt | ||
| Deferred financing cost | (1,154,235)us-gaap_PaymentsOfDebtIssuanceCosts | ||
| Proceeds from sale of common stock from the IPO | 18,630,000us-gaap_ProceedsFromIssuanceInitialPublicOffering | ||
| IPO costs | (75,000)resn_PaymentsOfStockIssuanceCostsInitialPublicOffering | (2,388,027)resn_PaymentsOfStockIssuanceCostsInitialPublicOffering | |
| Proceeds from issuance of warrants | 1,000us-gaap_ProceedsFromIssuanceOfWarrants | 1,000us-gaap_ProceedsFromIssuanceOfWarrants | |
| Payment of withholding tax on net exercise of stock-based award | (29,550)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | ||
| Net cash provided by financing activities | 5,471,765us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 16,213,423us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | |
| NET INCREASE (DECREASE) IN CASH | 3,286,617us-gaap_NetCashProvidedByUsedInContinuingOperations | 2,463,614us-gaap_NetCashProvidedByUsedInContinuingOperations | |
| CASH - Beginning of period | 52,362us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,338,979us-gaap_CashAndCashEquivalentsAtCarryingValue | |
| CASH - End of period | 3,338,979us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,802,593us-gaap_CashAndCashEquivalentsAtCarryingValue | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Interest | 6,442us-gaap_InterestPaid | 413,754us-gaap_InterestPaid | |
| Taxes | 800us-gaap_IncomeTaxesPaid | 800us-gaap_IncomeTaxesPaid | |
| SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Issuance of subordinated note in exchange for Class C units | 2,400,000us-gaap_NotesIssued1 | ||
| Change to equity for difference in fair value of subordinated note | 2,133,855resn_ChangeToEquityForDifferenceInFairValueOfSubordinatedNote | ||
| Debt discount in conjunction with subordinated note | 266,144resn_DebtDiscountInConjunctionWithSubordinatedNote | ||
| Debt discount in conjunction with senior note | 329,886resn_DebtDiscountInConjunctionWithSeniorNote | ||
| Debt discount in conjunction with senior note-derivative | 2,005,015resn_DebtDiscountInConjunctionWithSeniorNoteDerivative | ||
| Conversion of senior note | 7,000,000us-gaap_DebtConversionOriginalDebtAmount1 | ||
| Conversion of subordinated note | 2,400,000resn_DebtConversionOfSubordinatedDebtDebtAmount | ||
| Extinguishment of derivative liability | 5,526,003resn_NoncashCapitalWriteOffOfDerivativeLiabilityUponConversionOfNotesPayable | ||
| Reclassification of warrant liabilities to additional paid-in capital | 3,658,413resn_WarrantReclassificationToEquityNoncash | ||
| Issuance of common stock in exchange for Class B units | 1,000us-gaap_StockIssued1 | ||
| Resonant LLC | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Loss |
(784,731)us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization |
4,905us-gaap_DepreciationAndAmortization / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Amortization of deferred finance costs |
200,000us-gaap_AmortizationOfDeferredCharges / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Non-cash rent expense |
22,338us-gaap_StraightLineRent / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Bridge warrant expense |
247,669resn_BridgeWarrantyExpense / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Changes in assets and liabilities: | |||
| Prepaids and other current assets |
(108,722)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Accounts payable |
332,044us-gaap_IncreaseDecreaseInAccountsPayable / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Accrued expenses |
(75,489)us-gaap_IncreaseDecreaseInAccruedLiabilities / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Net cash used in operating activities |
(161,986)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Expenditures for patents and domain names |
(75,696)us-gaap_PaymentsToAcquireIntangibleAssets / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Net cash used in investing activities |
(75,696)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from bridge loan |
200,000us-gaap_ProceedsFromShortTermDebt / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Proceeds from issuance of warrants |
1,000us-gaap_ProceedsFromIssuanceOfWarrants / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| Net cash provided by financing activities |
201,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| NET INCREASE (DECREASE) IN CASH |
(36,682)us-gaap_NetCashProvidedByUsedInContinuingOperations / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| CASH - Beginning of period |
89,044us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_PredecessorMember |
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| CASH - End of period |
$ 52,362us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_PredecessorMember |
| X | ||||||||||
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- Definition
Represents the cash outflow during the reporting period for the bridge warrant. No definition available.
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- Definition
Represents the change to equity for difference in fair value of subordinated note during the reporting period for non-cash investing and financing activity. No definition available.
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- Definition
Represents the amount of the subordinated debt being converted in a noncash (or part noncash) transaction. Part noncash refer to that portion of the transaction not resulting in cash receipts or cash payments in the period. No definition available.
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- Definition
Represents the debt discount in conjunction with senior note during the reporting period for non-cash investing and financing activity. No definition available.
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- Definition
Represents the debt discount in conjunction with subordinated note derivative during the reporting period for non-cash investing and financing activity. No definition available.
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- Definition
Represents the debt discount in conjunction with subordinated note during the reporting period for non-cash investing and financing activity. No definition available.
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- Definition
Represents the amount of fair value adjustments to warrant and derivative liabilities during the reporting period. No definition available.
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- Definition
Represents the extinguishment of a derivative liability upon the conversion of a convertable note payable during the reporting period for non-cash investing and financing activity. No definition available.
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- Definition
The cash outflow for cost incurred directly with the intitial public offering of common stock. No definition available.
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- Definition
The fair value of warrants reclassified as equity. No definition available.
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- Details
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- Definition
The amount of amortization of deferred charges applied against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of notes issued in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow through purchase of long-term held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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