Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended 12 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2014
Jun. 16, 2013
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
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization     4,905us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Amortization of deferred finance costs     200,000us-gaap_AmortizationOfDeferredCharges
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Non-cash rent expense     22,338us-gaap_StraightLineRent
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Bridge warrant expense     247,669resn_BridgeWarrantyExpense
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Changes in assets and liabilities:      
Prepaids and other current assets     (108,722)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Accounts payable     332,044us-gaap_IncreaseDecreaseInAccountsPayable
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Accrued expenses     (75,489)us-gaap_IncreaseDecreaseInAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Net cash used in operating activities     (161,986)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
CASH FLOWS FROM INVESTING ACTIVITIES      
Expenditures for patents and domain names     (75,696)us-gaap_PaymentsToAcquireIntangibleAssets
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Net cash used in investing activities     (75,696)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from bridge loan     200,000us-gaap_ProceedsFromShortTermDebt
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Proceeds from issuance of warrants     1,000us-gaap_ProceedsFromIssuanceOfWarrants
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
Net cash provided by financing activities     201,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
NET INCREASE (DECREASE) IN CASH     (36,682)us-gaap_NetCashProvidedByUsedInContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
CASH - Beginning of period     89,044us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember
CASH - End of period     $ 52,362us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_PredecessorMember