Resonant Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) (USD $)	0 Months Ended	6 Months Ended		12 Months Ended	0 Months Ended		6 Months Ended	0 Months Ended	1 Months Ended
	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2014	Jun. 03, 2014	Jun. 17, 2013 instrument	Jun. 16, 2013	Jul. 06, 2012	Jul. 31, 2012	Jun. 30, 2014	Dec. 31, 2012	Mar. 31, 2013
Organization and description of business
Payment of placement agent commission			$ 1,154,235us-gaap_PaymentsOfDebtIssuanceCosts
Share price (in dollars per share)		$ 5.54us-gaap_SharePrice	$ 5.54us-gaap_SharePrice		$ 6.00us-gaap_SharePrice
Net proceeds received, after deducting underwriting discounts and commissions and estimated offering expenses				18,630,000
Cash paid for accrued interest			6,442us-gaap_InterestPaid	413,754us-gaap_InterestPaid
Revenue	0us-gaap_SalesRevenueNet	0us-gaap_SalesRevenueNet		0us-gaap_SalesRevenueNet
Accumulated losses incurred			8,616,068us-gaap_NetIncomeLoss	9,731,210us-gaap_NetIncomeLoss
Accumulated deficit		11,465,965	11,465,965	21,197,175
Cash and cash equivalents		3,338,979	3,338,979	5,802,593			52,362
Existing cash balances and investments										13,800,000
Short-term investments				8,000,000us-gaap_ShortTermInvestments
Financing Warrant
Organization and description of business
Exercise price (in dollars per unit/share)				$ 3.35
Mandatory Conversion-Qualifying IPO
Organization and description of business
Common stock issued in initial public offering, or IPO (in shares)					3,105,000
Share price (in dollars per share)					$ 6.00
Net proceeds received, after deducting underwriting discounts and commissions and estimated offering expenses					16,200,000
Subordinated Convertible Note
Organization and description of business
Conversion of Convertible Notes into shares of common stock (in shares)					700,000
Accrued interest					0
Lockup period for shares issued on conversion Convertible Notes					12 months
Subordinated Convertible Note \| STI
Organization and description of business
Debt issued						2,400,000
Senior convertible notes
Organization and description of business
Debt issued						7,000,000
Number of shares of common stock into which debt will be automatically converted						2,087,667
Interest rate (as a percent)						6.00%
Payment of placement agent commission						700,000
Warrants to purchase shares of common stock (in shares)						208,763
Common stock issued in initial public offering, or IPO (in shares)						222,222
Share price (in dollars per share)						$ 0.01
Exercise price (in dollars per unit/share)						$ 3.35
Conversion of Convertible Notes into shares of common stock (in shares)					2,087,667
Cash paid for accrued interest					403,667
Lockup period for shares issued on conversion Convertible Notes					180 days
Resonant LLC
Organization and description of business
Accumulated losses incurred							784,731
Cash and cash equivalents							52,362				89,044
MDB
Organization and description of business
Payment of placement agent commission						700,000
MDB \| Financing Warrant
Organization and description of business
Warrant term						7 years
Warrant exercisable duration from the date of the underwriting agreement					180 days
MDB \| Consulting warrant
Organization and description of business
Warrants to purchase shares of common stock (in shares)					310,500	222,222
Share price (in dollars per share)						$ 3.23
Warrant term					5 years	7 years
Exercise price (in dollars per unit/share)					$ 7.50	$ 0.01
Founders
Organization and description of business
Initial contributions								200,000
Founders \| Bridge loan warrants
Organization and description of business
Debt issued												200,000
Founders \| Resonant LLC
Organization and description of business
Initial contributions									$ 200,000
Founders \| Class B units \| Resonant LLC
Organization and description of business
Warrants to purchase shares of common stock (in shares)						124,998