2018 Q1 Form 10-Q Financial Statement
#000114420418036123 Filed on June 27, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
|---|---|---|---|
| Revenue | $86.69K | $70.00K | $0.00 |
| YoY Change | |||
| Cost Of Revenue | $1.036M | $950.0K | $0.00 |
| YoY Change | |||
| Gross Profit | -$949.0K | -$880.0K | $0.00 |
| YoY Change | |||
| Gross Profit Margin | -1094.79% | -1257.14% | |
| Selling, General & Admin | $2.530M | $1.080M | $940.0K |
| YoY Change | 169.15% | -30.32% | 1242.86% |
| % of Gross Profit | |||
| Research & Development | $90.40K | $10.00K | $64.02K |
| YoY Change | 41.21% | -97.56% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $5.630K | $290.0K | $881.00 |
| YoY Change | 539.05% | ||
| % of Gross Profit | |||
| Operating Expenses | $2.623M | $1.090M | $1.005M |
| YoY Change | 161.02% | -44.39% | 1335.55% |
| Operating Profit | -$3.572M | -$1.970M | -$1.005M |
| YoY Change | 255.46% | ||
| Interest Expense | $0.00 | $60.00K | $0.00 |
| YoY Change | -700.0% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $54.00 | ||
| YoY Change | -101.24% | ||
| Pretax Income | -$3.570M | -$1.910M | -$1.000M |
| YoY Change | 257.0% | -3.54% | 1281.92% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$3.570M | -$1.910M | -$1.005M |
| YoY Change | 255.28% | -3.54% | 1273.41% |
| Net Earnings / Revenue | -4118.36% | -2728.57% | |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$3.43 | -$2.06 | -$2.32 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.500M | $600.0K | $3.100M |
| YoY Change | -51.61% | 0.0% | 34.78% |
| Cash & Equivalents | $1.519M | $3.619M | $3.114M |
| Short-Term Investments | |||
| Other Short-Term Assets | $600.0K | $3.200M | $100.0K |
| YoY Change | 500.0% | 3100.0% | |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $73.67K | $53.20K | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $2.200M | $3.861M | $3.230M |
| YoY Change | -31.89% | 436.33% | 40.44% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.789M | $2.688M | $1.191M |
| YoY Change | 218.03% | 390.64% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $32.28K | $20.00K | $20.00K |
| YoY Change | 61.42% | 0.0% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $4.800M | $2.708M | $1.211M |
| YoY Change | 296.2% | 376.88% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.200M | $3.861M | $3.230M |
| Total Long-Term Assets | $4.800M | $2.708M | $1.211M |
| Total Assets | $7.000M | $6.569M | $4.442M |
| YoY Change | 57.6% | 410.12% | 93.12% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $500.0K | $162.3K | $200.0K |
| YoY Change | 150.0% | 5.15% | |
| Accrued Expenses | $768.5K | $222.7K | $527.3K |
| YoY Change | 45.74% | 306.47% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.300M | $416.4K | $886.2K |
| YoY Change | 46.69% | 20.25% | 786.23% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.300M | $416.4K | $886.2K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $1.278M | $3.416M | $900.0K |
| YoY Change | 42.0% | 886.48% | 800.0% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$12.04M | -$8.472M | -$3.193M |
| YoY Change | 277.25% | 287.25% | |
| Common Stock | $302.2K | $285.2K | $220.6K |
| YoY Change | 36.99% | 29.34% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $5.539M | $2.984M | $3.600M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $6.985M | $6.569M | $4.442M |
| YoY Change | 57.27% | 410.12% | 93.12% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$3.570M | -$1.910M | -$1.005M |
| YoY Change | 255.28% | -3.54% | 1273.41% |
| Depreciation, Depletion And Amortization | $5.630K | $290.0K | $881.00 |
| YoY Change | 539.05% | ||
| Cash From Operating Activities | -$1.789M | -$1.540M | -$535.5K |
| YoY Change | 234.11% | 136.92% | 1684.9% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $560.0K | $530.0K | $430.0K |
| YoY Change | 30.23% | 23.26% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$1.000M | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$1.561M | -$530.0K | -$432.4K |
| YoY Change | 260.99% | -201.92% | -354.36% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | $1.250M | 3.980M | $3.484M |
| YoY Change | -64.12% | 586.21% | |
| NET CHANGE | |||
| Cash From Operating Activities | -$1.789M | -1.540M | -$535.5K |
| Cash From Investing Activities | -$1.561M | -530.0K | -$432.4K |
| Cash From Financing Activities | $1.250M | 3.980M | $3.484M |
| Net Change In Cash | -$2.100M | 1.910M | $2.516M |
| YoY Change | -183.47% | 324.44% | 1697.18% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.789M | -$1.540M | -$535.5K |
| Capital Expenditures | $560.0K | $530.0K | $430.0K |
| Free Cash Flow | -$2.349M | -$2.070M | -$965.5K |
| YoY Change | 143.31% | 91.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | mven |
Future Minimum Sublease Rentals Within Four Years
FutureMinimumSubleaseRentalsWithinFourYears
|
227000 | USD |
| CY2018Q1 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
405000 | USD |
| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
302159 | USD |
| CY2018Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
17280641 | USD |
| CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
222699 | USD |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3789288 | USD |
| CY2018Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
32283 | USD |
| CY2018Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
768483 | USD |
| CY2017Q4 | us-gaap |
Cash
Cash
|
619249 | USD |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
162308 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2687727 | USD |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
20000 | USD |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12044000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5538800 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6985255 | USD |
| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
552876 | USD |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
285159 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-8472071 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2983754 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6568694 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
174369 | USD |
| CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
73671 | USD |
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
53202 | USD |
| CY2018Q1 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
17955 | USD |
| CY2017Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
14147 | USD |
| CY2018Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
37149 | USD |
| CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
31437 | USD |
| CY2018Q1 | mven |
Investor Demand Payablenoncurrent
InvestorDemandPayablenoncurrent
|
0 | USD |
| CY2017Q4 | mven |
Investor Demand Payablenoncurrent
InvestorDemandPayablenoncurrent
|
3000000 | USD |
| CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
1277959 | USD |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
3416444 | USD |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
0 | USD |
| CY2017Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
3000000 | USD |
| CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2532502 | USD |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3571929 | USD |
| CY2018Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
0 | USD |
| CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
86685 | USD |
| CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
90404 | USD |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2622906 | USD |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.16 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22934369 | shares |
| CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
940860 | USD |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1004882 | USD |
| CY2017Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
54 | USD |
| CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
54 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1004828 | USD |
| CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
0 | USD |
| CY2017Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
64022 | USD |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1004882 | USD |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.11 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9537523 | shares |
| CY2018Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1035708 | USD |
| CY2017Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
0 | USD |
| CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
-949023 | USD |
| CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
0 | USD |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3868105 | USD |
| CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2258870 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1350892 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
310018 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1789058 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1561009 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
378506 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
163891 | USD |
| CY2018Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
561009 | USD |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
286149 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
74518 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-535471 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-432419 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-5716 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
102093 | USD |
| CY2017Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
432419 | USD |
| CY2018Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
355142 | USD |
| CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
881 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
20469 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
3808 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
0 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
5711 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1250000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3483935 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2100067 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2516045 | USD |
| CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3619249 | USD |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
598294 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1519182 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3114339 | USD |
| CY2016Q4 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
735099 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3000000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1250000 | USD |
| CY2018Q1 | us-gaap |
Deferred Set Up Costs Current
DeferredSetUpCostsCurrent
|
17955 | USD |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
| CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12617957 | shares |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
880253 | USD |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
525110 | USD |
| CY2018Q1 | us-gaap |
Depreciation
Depreciation
|
5630 | USD |
| CY2017Q1 | us-gaap |
Depreciation
Depreciation
|
881 | USD |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2016Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
2952 | USD |
| CY2016Q3 | us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
0.0002 | |
| CY2016Q3 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
4.13607 | pure |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
30216009 | shares |
| CY2018Q1 | mven |
Percentage Of Escrow Shares To Be Released Subject To Performance Condition
PercentageOfEscrowSharesToBeReleasedSubjectToPerformanceCondition
|
0.56 | pure |
| CY2018Q1 | mven |
Recapitalization Number Of Shares Transfer To Escrow Account Subject To Buy Back Right
RecapitalizationNumberOfSharesTransferToEscrowAccountSubjectToBuyBackRight
|
1927641 | shares |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
2800000 | USD |
| CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
502917 | shares |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
0 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
225000 | shares |
| CY2018Q1 | mven |
Reclssification Of Sharebased Compensation To Website Development Costs
ReclssificationOfSharebasedCompensationToWebsiteDevelopmentCosts
|
907978 | USD |
| CY2017Q1 | mven |
Reclssification Of Sharebased Compensation To Website Development Costs
ReclssificationOfSharebasedCompensationToWebsiteDevelopmentCosts
|
212156 | USD |
| CY2017Q2 | us-gaap |
Share Price
SharePrice
|
1.00 | |
| CY2017Q2 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3765000 | USD |
| CY2018Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
735000 | USD |
| CY2018Q1 | mven |
Future Minimum Sublease Rentals Next Twelve Months
FutureMinimumSubleaseRentalsNextTwelveMonths
|
113000 | USD |
| CY2018Q1 | mven |
Future Minimum Sublease Rentals Within Two Years
FutureMinimumSubleaseRentalsWithinTwoYears
|
233000 | USD |
| CY2018Q1 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
142000 | USD |
| CY2018Q1 | mven |
Aggregate Remaining Commitment
AggregateRemainingCommitment
|
547000 | USD |
| CY2018Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
500000 | USD |
| CY2018Q1 | mven |
Future Minimum Sublease Rentals Within Three Years
FutureMinimumSubleaseRentalsWithinThreeYears
|
265000 | USD |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
30216009 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28516009 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28516009 | shares |
| CY2018Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>1. Nature of Operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">TheMaven, Inc. (“Parent”) and Maven Coalition, Inc. (“Subsidiary”) (collectively “TheMaven” or the “Company”) are developing an exclusive network of professionally managed online media channels, with an underlying technology platform. Each channel will be operated by an invite only Channel Partner drawn from subject matter experts, reporters, group evangelists and social leaders. Channel Partners will publish content and oversee an online community for their respective channels, leveraging a proprietary, socially-driven, mobile-enabled, video-focused technology platform to engage niche audiences within a single network.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
1000000 | USD |
| CY2017Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
0 | USD |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
|
1000000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
|
0 | USD |
| CY2017Q1 | mven |
Accrual Of Stock Issuance Costs
AccrualOfStockIssuanceCosts
|
363219 | USD |
| CY2018Q1 | mven |
Accrual Of Stock Issuance Costs
AccrualOfStockIssuanceCosts
|
381895 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.83 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3652887 | shares |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1347113 | shares |
| CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
5000000 | shares |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1250000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3483935 | USD |
| CY2018Q1 | us-gaap |
Other Commitment
OtherCommitment
|
547000 | USD |
| CY2018Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
349512 | USD |
| CY2017Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
0 | USD |
| CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>Use of Estimates</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses for the reporting period.  Actual results could materially differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4669541 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3212837 | USD |
| CY2018Q1 | mven |
Future Minimum Sublease Expenses Total
FutureMinimumSubleaseExpensesTotal
|
838000 | USD |
| CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
| CY2018Q1 | mven |
Payments Of Guarantees Obligation
PaymentsOfGuaranteesObligation
|
406286 | USD |
| CY2017Q1 | mven |
Payments Of Guarantees Obligation
PaymentsOfGuaranteesObligation
|
45000 | USD |
| CY2018Q1 | mven |
Classification Of Share Based Compensation To Web Site Development Costs
ClassificationOfShareBasedCompensationToWebSiteDevelopmentCosts
|
907978 | USD |
| CY2017Q1 | mven |
Classification Of Share Based Compensation To Web Site Development Costs
ClassificationOfShareBasedCompensationToWebSiteDevelopmentCosts
|
212156 | USD |
| CY2017Q1 | mven |
Reclassification Of Investor Note Payable To Common Stock To Be Issued
ReclassificationOfInvestorNotePayableToCommonStockToBeIssued
|
0 | USD |
| CY2018Q1 | mven |
Reclassification Of Investor Note Payable To Common Stock To Be Issued
ReclassificationOfInvestorNotePayableToCommonStockToBeIssued
|
3000000 | USD |
| CY2018Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>2. Basis of Presentation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">TheMaven Network, Inc. was incorporated in Nevada on July 22, 2016, under the name “Amplify Media, Inc.” On July 27, 2016, the corporate name was amended to “Amplify Media Network, Inc.” and on October 14, 2016, the corporate name was changed to “TheMaven Network, Inc.” On March 5, 2018 the corporate name was changed to Maven Coalition, Inc.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">TheMaven, Inc. was formerly known as Integrated Surgical Systems, Inc., a Delaware corporation (“<i>Integrated</i>”). From June 2007 until November 4, 2016, Integrated was a non-active “shell company” as defined by regulations of the Securities and Exchange Commission (SEC). On August 11, 2016, Integrated entered into a loan to Subsidiary that provided initial funding totaling $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">735,099</font> for the Subsidiary’s operations. On October 14, 2016 Integrated entered into a Share Exchange Agreement (the “<i>Share Exchange Agreement</i>”) with Subsidiary and the shareholders of Subsidiary, holding all of the issued and outstanding shares of Subsidiary (collectively, “<i>Subsidiary Shareholders</i>”). The Share Exchange Agreement was amended on November 4, 2016 to include certain newly issued shares of Subsidiary in the transaction and make related changes to the agreement and the Share Exchange was consummated. The transaction resulted in Parent acquiring Subsidiary by the exchange of all of the outstanding shares of Subsidiary for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,517,152</font> newly issued shares of the common stock, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.01</font> par value (the “<i>Common Stock</i>”) of Parent, representing approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 56.7</font>% of the issued and outstanding shares of Common Stock immediately after the transaction. The transaction is referred to as the “Recapitalization.” The Recapitalization was consummated on November 4, 2016, as a result of which Maven Coalition, Inc. became a wholly owned subsidiary of Integrated (the “<i>Closing</i>”). The note payable between Integrated and Subsidiary was an interdependent transaction with the Recapitalization and was ultimately cancelled upon closing of the Recapitalization. On December 2, 2016, Integrated amended its Certificate of Incorporation to change its name from “Integrated Surgical Systems, Inc.” to “TheMaven, Inc.”</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">From June 2007 until the closing of the Recapitalization, Integrated was a non-active “shell company” as defined by regulations of the SEC and, accordingly, the Recapitalization was accounted for as a reverse recapitalization rather than a business combination. As the Subsidiary is deemed to be the purchaser for accounting purposes under reverse recapitalization accounting, the Company’s financial statements are presented as a continuation of Subsidiary, and the accounting for the Recapitalization is equivalent to the issuance of stock by Subsidiary for the net monetary assets of Parent as of the Closing accompanied by a recapitalization.  See Note 9 for summary of the assets acquired, transaction costs and the consideration exchanged in the Recapitalization.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Our unaudited condensed financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of March 31, 2018 and the results of operations for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the entire year.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1250000 | USD |
| CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1200000 | shares |
| CY2018Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
2.50 | |
| CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
500000 | shares |
| CY2018Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
2.50 | |
| CY2018Q1 | us-gaap |
Reclassifications
Reclassifications
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><i>Reclassifications</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Certain reclassifications have been made to the prior period financial statements to conform to the current period presentation. These reclassifications did not result in any changes in total assets, liabilities, stockholders’ equity, or net loss.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y3M18D |
