$INSE
Inspired Entertainment, Inc.

2015 Q1 Form 10-K Financial Statement

#000114420415016019 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $195.1K
YoY Change
Operating Profit -$195.1K
YoY Change
Interest Expense $10.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$190.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$186.3K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$71.43K
COMMON SHARES
Basic Shares Outstanding 10.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $900.0K
YoY Change
Cash & Equivalents $867.4K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $900.0K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $80.10M
YoY Change
Total Long-Term Assets $80.20M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $900.0K
Total Long-Term Assets $80.20M
Total Assets $81.10M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $0.00
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.800M
YoY Change
Total Long-Term Liabilities $2.800M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $0.00
Total Long-Term Liabilities $2.800M
Total Liabilities $2.800M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$327.8K
YoY Change
Common Stock $268.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M
YoY Change
Total Liabilities & Shareholders Equity $81.05M
YoY Change

Cashflow Statement

Concept 2015 Q1
OPERATING ACTIVITIES
Net Income -$186.3K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$260.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -260.0K
Cash From Investing Activities
Cash From Financing Activities 0.000
Net Change In Cash -260.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$260.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17610 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
1140888 USD
CY2014Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
80005240 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
149841 USD
CY2014Q4 us-gaap Assets
Assets
81295969 USD
CY2014Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
65 USD
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
85729 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
85794 USD
CY2014Q4 us-gaap Liabilities
Liabilities
2885794 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
266 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5141268 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-141529 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5000005 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
81295969 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2658983 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
29000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2658983 shares
CY2014Q4 us-gaap Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
73410170 USD
us-gaap Costs And Expenses
CostsAndExpenses
141529 USD
us-gaap Net Income Loss
NetIncomeLoss
-141529 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2189405 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
hdrau Interest Earned On Trust Account
InterestEarnedOnTrustAccount
5240 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
17610 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
149841 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
133603 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-180617 USD
us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
80000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
423296 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
169499 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
47809 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
81303895 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1123278 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
-169499 USD
hdrau Payment Of Offering Costs And Operational Costs Pursuant To Related Party Advances
PaymentOfOfferingCostsAndOperationalCostsPursuantToRelatedPartyAdvances
47874 USD
hdrau Noncash Investing And Financing Activities Deferred Underwriting Fees
NoncashInvestingAndFinancingActivitiesDeferredUnderwritingFees
2800000 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2014-05-30
CY2014Q4 us-gaap Share Price
SharePrice
10.00
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2800000 USD
CY2014Q4 hdrau Initial Public Offering Costs
InitialPublicOfferingCosts
423296 USD
CY2014Q4 hdrau Cash Available For Fund Operations
CashAvailableForFundOperations
1326704 USD
CY2014Q4 hdrau Minimum Fair Market Value Of Target Business As Percentage Of Assets Held In Trust
MinimumFairMarketValueOfTargetBusinessAsPercentageOfAssetsHeldInTrust
0.8 pure
CY2014Q4 hdrau Minimum Value Of Net Tangible Assets Shares Redeemed
MinimumValueOfNetTangibleAssetsSharesRedeemed
5000001 USD
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;TEXT-INDENT: 15pt; MARGIN: 0in 0in 0pt" align="justify"></div> <h2 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"> <font style="COLOR: windowtext; FONT-SIZE: 10pt"><font style="FONT-FAMILY:Cambria">Use of estimates</font></font></h2> <h2 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"> <font style="COLOR: windowtext; FONT-SIZE: 10pt"><font style="FONT-FAMILY:Cambria">&#160;</font></font></h2> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 15pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 15pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 15pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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: 15pt; MARGIN: 0in 0in 0pt" align="justify"></div> <h2 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"> <font style="COLOR: windowtext; FONT-SIZE: 10pt"><font style="FONT-FAMILY:Cambria">Concentration of credit risk</font></font></h2> <h2 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"> <font style="COLOR: windowtext; FONT-SIZE: 10pt"><font style="FONT-FAMILY:Cambria">&#160;</font></font></h2> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 15pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>. At December 31, 2014, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
hdrau Federal Depository Insurance Coverage
FederalDepositoryInsuranceCoverage
250000 USD
CY2014Q4 hdrau Underwriters Fees Including Deferred Underwriters Fees
UnderwritersFeesIncludingDeferredUnderwritersFees
4800000 USD
dei Document Type
DocumentType
10-K
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
dei Entity Registrant Name
EntityRegistrantName
Hydra Industries Acquisition Corp.
dei Entity Central Index Key
EntityCentralIndexKey
0001615063
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2014Q4 dei Entity Public Float
EntityPublicFloat
76506774 USD
dei Trading Symbol
TradingSymbol
HDRAU
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10000000 shares
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-48120 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
80000000 USD
CY2014Q4 hdrau Stock Issued During Period Shares Cancelled
StockIssuedDuringPeriodSharesCancelled
575000 shares
CY2014Q4 hdrau Common Stock Held By Initial Stockholders
CommonStockHeldByInitialStockholders
300000 shares
CY2014Q4 hdrau Percentage For Initial Stockholders Consummation
PercentageForInitialStockholdersConsummation
0.2 pure
hdrau Underwriting Agreement Shares
UnderwritingAgreementShares
1200000 shares
CY2014Q4 hdrau Underwriting Discount Percentage
UnderwritingDiscountPercentage
0.060 pure
CY2014Q4 hdrau Underwriting Discount Paid In Cash Percentage
UnderwritingDiscountPaidInCashPercentage
0.025 pure
CY2014Q4 hdrau Underwriting Discount Differed Percentage
UnderwritingDiscountDifferedPercentage
0.035 pure
CY2014Q4 hdrau Underwriting Discount Differed Amount
UnderwritingDiscountDifferedAmount
2800000 USD
CY2014Q4 hdrau Common Stock Redemption Shares
CommonStockRedemptionShares
7341017 shares
hdrau Stock Issued During Period Value Common Stock Cancelled
StockIssuedDuringPeriodValueCommonStockCancelled
0 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
74776704 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
3750000 USD
hdrau Stock Issued During Period Value Common Stock Forfeiture
StockIssuedDuringPeriodValueCommonStockForfeiture
0 USD
hdrau Common Stock Subject To Redemption Value
CommonStockSubjectToRedemptionValue
73410170 USD
hdrau Sale Of Shares For Private Placement Warrants
SaleOfSharesForPrivatePlacementWarrants
7500000 shares
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-16328 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
3750000 USD
hdrau Proceeds From Sale Of Underwriting Discounts
ProceedsFromSaleOfUnderwritingDiscounts
78000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
64448 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
64448 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
64448 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.340 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.115 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.455 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0 pure
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
141529 USD
hdrau Operating Loss Carry Forwards Expiration Year
OperatingLossCarryForwardsExpirationYear
2035
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-64448 USD
hdrau Liquidation Condition
LiquidationCondition
If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the &#8220;Combination Period&#8221;), the Company will (i) cease all operations except for the purposes of winding up its affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including a portion of the interest earned thereon (net of any taxes payable, and less up to $50,000 of interest to pay dissolution expenses), pro rata to the Company's public stockholders by way of redemption of the Company's public shares (which redemption would completely extinguish such holders' rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Company's net assets to its remaining stockholders, as part of the Company's plan of dissolution and liquidation.

Files In Submission

Name View Source Status
0001144204-15-016019-index-headers.html Edgar Link pending
0001144204-15-016019-index.html Edgar Link pending
0001144204-15-016019.txt Edgar Link pending
0001144204-15-016019-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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