$RMNI
Rimini Street, Inc.

2015 Q3 Form 10-Q Financial Statement

#000114420415062509 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $100.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $100.0K
YoY Change
Operating Profit -$81.16K
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$100.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$51.83K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$18.87K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M
YoY Change
Cash & Equivalents $1.046M
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses $15.31K
Receivables
Other Receivables
Total Short-Term Assets $1.100M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $172.6M
YoY Change
Total Long-Term Assets $172.5M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.100M
Total Long-Term Assets $172.5M
Total Assets $173.6M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses $20.33K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.100M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.100M
Total Long-Term Liabilities $0.00
Total Liabilities $6.058M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$59.20K
YoY Change
Common Stock $531.00
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 $173.6M
YoY Change

Cashflow Statement

Concept 2015 Q3
OPERATING ACTIVITIES
Net Income -$51.83K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$70.00K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
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 -70.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000
Net Change In Cash -70.00K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$70.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q3 us-gaap Common Stock Other Value Outstanding
CommonStockOtherValueOutstanding
162567711 USD
CY2015Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
81162 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
123764 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-81162 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-123764 USD
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
29335 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-51827 USD
us-gaap Net Income Loss
NetIncomeLoss
-59198 USD
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5303868 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4555028 shares
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
20329 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
15312 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-118747 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172500000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
525590 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1321 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
173664410 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1045663 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
85000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
172500000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
100000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
100000 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
25000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
146250000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
6062500 USD
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
21937500 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
86321 USD
gpiau Deferred Underwriting Fees
DeferredUnderwritingFees
6037500 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
6062500 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
162567711 USD
gpiau Sale Of Ordinary Shares Value Net Of Underwriters Discount And Offering Expenses
SaleOfOrdinarySharesValueNetOfUnderwritersDiscountAndOfferingExpenses
140389410 USD
gpiau Sale Of Ordinary Shares Over Allotment Units Value To Underwriters Net Of Underwriters Discount
SaleOfOrdinarySharesOverAllotmentUnitsValueToUnderwritersNetOfUnderwritersDiscount
21150000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
6057829 USD
CY2015Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15312 USD
CY2015Q3 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
172564566 USD
CY2015Q3 us-gaap Assets
Assets
173625541 USD
CY2015Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
20329 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
64566 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
5000001 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59198 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
173625541 USD
CY2015Q3 us-gaap Common Stock Value
CommonStockValue
531 USD
CY2015Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5058668 USD
CY2015Q3 us-gaap Deferred Long Term Liability Charges
DeferredLongTermLiabilityCharges
6037500 USD
CY2015Q3 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
10000 USD
CY2015Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Administrative Fees Expense
AdministrativeFeesExpense
50000 USD
CY2015Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
10000 USD
CY2015Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
100000 USD
CY2015Q3 gpiau Working Capital Loan
WorkingCapitalLoan
1000000 USD
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2015-01-28
CY2015Q2 gpiau Common Units Issued In Initial Public Offering
CommonUnitsIssuedInInitialPublicOffering
17250000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5311812 shares
CY2015Q2 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
4312500 USD
CY2015Q2 us-gaap Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
10960590 USD
CY2015Q3 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
16250688 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
6037500 USD
CY2015Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
16250688 shares
CY2015Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
162567711 USD
CY2015Q2 gpiau Underwriters Discount Percentage
UnderwritersDiscountPercentage
0.060 pure
CY2015Q2 gpiau Payments To Underwriters In Cash
PaymentsToUnderwritersInCash
4312500 USD
CY2015Q2 gpiau Underwriters Deferred Discount Amount
UnderwritersDeferredDiscountAmount
6037500 USD
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5311812 shares
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: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Use of estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; 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: 29.7pt; 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: 29.7pt; 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: 29.7pt; 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: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Concentration of credit risk</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; 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 September 30, 2015, 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>
CY2015Q2 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
86321 USD
CY2015Q3 us-gaap Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
10960590 USD
gpiau Reduction Of Intangible Assets Due To Redemption
ReductionOfIntangibleAssetsDueToRedemption
5000001 USD
gpiau Interest On Dissolution Expenses
InterestOnDissolutionExpenses
100000 USD
CY2015Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD

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