$INSE
Inspired Entertainment, Inc.

2015 Q2 Form 10-Q Financial Statement

#000114420415028111 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1
Revenue $0.00 $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 $1.895M $195.1K
YoY Change 470115.38%
Operating Profit -$1.895M -$195.1K
YoY Change
Interest Expense $0.00 $10.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.890M -$190.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.891M -$186.3K
YoY Change 469036.97%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$705.2K -$71.43K
COMMON SHARES
Basic Shares Outstanding 10.00M shares 10.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.0K $900.0K
YoY Change
Cash & Equivalents $696.6K $867.4K
Short-Term Investments
Other Short-Term Assets $100.0K $0.00
YoY Change
Inventory
Prepaid Expenses $129.8K
Receivables
Other Receivables
Total Short-Term Assets $826.4K $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 $80.00M $80.10M
YoY Change
Total Long-Term Assets $80.02M $80.20M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $826.4K $900.0K
Total Long-Term Assets $80.02M $80.20M
Total Assets $80.85M $81.10M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.700M $0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.714M $0.00
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.800M $2.800M
YoY Change
Total Long-Term Liabilities $2.800M $2.800M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.714M $0.00
Total Long-Term Liabilities $2.800M $2.800M
Total Liabilities $4.514M $2.800M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$2.218M -$327.8K
YoY Change
Common Stock $287.00 $268.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $80.85M $81.05M
YoY Change

Cashflow Statement

Concept 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$1.891M -$186.3K
YoY Change 469036.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$420.0K -$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 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -420.0K -260.0K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000
Net Change In Cash -420.0K -260.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$420.0K -$260.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q1 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: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>Use of estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">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.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">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.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q1 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: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>Concentration of credit risk</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">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 March 31, 2015, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
867422 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1123278 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 Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
85729 USD
CY2014Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
65 USD
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
85794 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2800000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
2885794 USD
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
73223880 USD
CY2014Q4 us-gaap Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
73410170 USD
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
268 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
266 USD
CY2015Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5327556 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5141268 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-327816 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-141529 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
5000008 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5000005 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
81053888 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
81295969 USD
CY2014Q4 us-gaap Share Price
SharePrice
10.00
CY2014Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
80000000 USD
CY2015Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
5223296 USD
CY2015Q1 hdrau Underwriting Fees
UnderwritingFees
2000000 USD
CY2015Q1 hdrau Initial Public Offering Costs
InitialPublicOfferingCosts
423296 USD
CY2015Q1 hdrau Cash Available For Fund Operations
CashAvailableForFundOperations
1326704 USD
CY2015Q1 hdrau Minimum Fair Market Value Of Target Business As Percentage Of Assets Held In Trust
MinimumFairMarketValueOfTargetBusinessAsPercentageOfAssetsHeldInTrust
0.8 pure
CY2015Q1 hdrau Minimum Value Of Net Tangible Assets Shares Redeemed
MinimumValueOfNetTangibleAssetsSharesRedeemed
5000001 USD
CY2015Q1 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 Combination Period), 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 Companys public stockholders by way of redemption of the Companys 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 Companys net assets to its remaining stockholders, as part of the Companys plan of dissolution and liquidation.
CY2015Q1 hdrau Federal Depository Insurance Coverage
FederalDepositoryInsuranceCoverage
250000 USD
CY2015Q1 hdrau Underwriting Discount Percentage
UnderwritingDiscountPercentage
0.060 pure
CY2015Q1 hdrau Underwriting Discount Paid In Cash Percentage
UnderwritingDiscountPaidInCashPercentage
0.025 pure
CY2014Q4 hdrau Underwriting Discount Differed Percentage
UnderwritingDiscountDifferedPercentage
0.035 pure
CY2015Q1 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
2000000 USD
CY2014Q4 hdrau Underwriting Discount Differed Amount
UnderwritingDiscountDifferedAmount
2800000 USD
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
29000000 shares
CY2015Q1 hdrau Common Stock Subject To Redemption Value
CommonStockSubjectToRedemptionValue
-186290 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-20892 USD
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
29000000 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2658983 shares
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2677612 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2677612 shares
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2658983 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2658983 shares
CY2015Q1 hdrau Common Stock Redemption Shares
CommonStockRedemptionShares
7322388 shares
CY2014Q4 hdrau Common Stock Redemption Shares
CommonStockRedemptionShares
7341017 shares
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-186287 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-55685 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-255747 USD
CY2015Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
109 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-109 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-255856 USD
CY2015Q1 hdrau Payment Of Offering Costs And Operational Costs Pursuant To Related Party Advances
PaymentOfOfferingCostsAndOperationalCostsPursuantToRelatedPartyAdvances
44 USD
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
Hydra Industries Acquisition Corp.
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001615063
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2015Q1 dei Trading Symbol
TradingSymbol
HDRAU
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10000000 shares
CY2015Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
43475 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
17610 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
195089 USD
CY2015Q1 us-gaap Interest Income Other
InterestIncomeOther
8802 USD
CY2015Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
-8802 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
25865 USD
CY2015Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
6021 USD

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0001144204-15-028111.txt Edgar Link pending
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