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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | , requires the use of a management approach in identifying segments of an enterprise. During the fiscal year ended September 30, 2018, management determined that the Company has only one operating segment: the development, sale, and service of proprietary software solutions related to mobile imaging. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Comprehensive income (loss) consists of net income (loss), unrealized gains and losses on available-for-sale securities, and foreign currency translation adjustments. Included on the consolidated balance sheet is an accumulated other comprehensive income (loss) of $(0.6) million and $0.1 million at September 30, 2018 and 2017, respectively. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company adopted ASU 2016-09 prospectively as of October 1, 2017, resulting in net cumulative-effect adjustment to increase retained earnings by $8.3 million, primarily related to the recognition of the previously unrecognized excess tax benefits using the modified retrospective method. The previously unrecognized excess tax effect was recorded as an increase to deferred income taxes in the consolidated balance sheet. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company expects a cumulative-effect adjustment to increase retained earnings by $1.2 million to $2.0 million, or $0.8 million to $1.4 million net of income tax, on October 1, 2018, primarily related to software that has been delivered but no revenue was previously recognized due to extended payment terms. The Company does not currently expect ASC Topic 606 to have a significant effect on the timing of revenue recognition for hardware or SaaS, maintenance, and consulting revenue. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | As consideration for the A2iA Acquisition, the Company (i) made a cash payment of $26.8 million, net of cash acquired; (ii) issued 2,514,588 shares, or $21.9 million, of the Company’s Common Stock; and (iii) incurred transaction related liabilities of $0.2 million. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company incurred $2.1 million of expense in connection with the A2iA Acquisition primarily related to legal fees, outside service costs, and travel expense, which are included in acquisition-related costs and expenses in the consolidated statements of operations and other comprehensive income (loss). | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | On May 23, 2018, the Company deposited $0.7 million of the cash payment and 508,479 shares, or $4.4 million, of Common Stock into an escrow fund to serve as collateral and partial security for certain indemnification rights of the Company. The escrow fund will be maintained for up to 24 months following the completion of the A2iA Acquisition or until such earlier time as the escrow fund is exhausted. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | As consideration for the ICAR Acquisition, the Company agreed to an aggregate purchase price of up to $13.9 million, net of cash acquired. On October 16, 2017, the Company: (i) made a cash payment to Sellers of $3.0 million, net of cash acquired and subject to adjustments for transaction expenses, escrow amounts, indebtedness, and working capital adjustments; and (ii) issued to Sellers 584,291 shares, or $5.6 million, of Common Stock. In addition to the foregoing, the Sellers may be entitled to additional cash consideration upon achievement of certain milestones as follows: (a) subject to achievement of the revenue target for the fourth quarter of calendar 2017, the Company will pay to Sellers up to $1.5 million (the “Q4 Consideration”), which amount shall be deposited (as additional funds) into the escrow fund described below; and (b) subject to achievement of certain revenue and net income targets for ICAR for the twelve-month period ending on September 30, 2018, and the twelve-month period ending on September 30, 2019, the Company will pay to Sellers up to $3.8 million in additional cash consideration (the “Earnout Consideration”); provided that if the revenue target set forth in clause (a) is not met, then the | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Q4 Consideration will instead be added to the Earnout Consideration payable upon (and subject to) achievement of the revenue and net income targets for the twelve-month period ending on September 30, 2018. The Company estimated the fair value of the total Q4 Consideration and Earnout Consideration to be $2.9 million on October 16, 2017, which was determined using a discounted cash flow methodology based on financial forecasts determined by management that included assumptions about revenue growth and discount rates. Each quarter the Company revises the estimated fair value of the Earnout Consideration. Accordingly, an additional $1.8 million of expense was recognized in acquisition-related costs and expenses in the consolidated statements of operations and other comprehensive income (loss) during the year ended September 30, 2018. In October 2018, the Company had determined that ICAR had achieved its revenue and net income targets for twelve-month period ending on September 30, 2018. As such the Company will pay $1.8 million in earnout consideration during the first quarter of Fiscal 2019. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company incurred $0.5 million of expense in connection with the ICAR Acquisition primarily related to legal fees, outside service costs, and travel expense, which are included in acquisition-related costs and expenses in the consolidated statements of operations and other comprehensive income (loss). | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | On October 16, 2017, the Company deposited $1.5 million of cash into an escrow fund to serve as collateral and partial security for working capital adjustments and certain indemnification rights. In April 2018, the Q4 Consideration of $1.5 million was deposited into the escrow fund. The escrow fund will be maintained for up to 24 months following the completion of the ICAR Acquisition or until such earlier time as the escrow fund is exhausted. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | For the year ended September 30, 2018, revenue of $9.1 million and a net loss of $5.3 million related to the A2iA and ICAR businesses since the respective acquisition dates are included in the Company's consolidated statements of operations. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Available-for-sale marketable securities are carried at fair value as determined by quoted market prices for identical or similar assets, with unrealized gains and losses, net of taxes, and reported as a separate component of stockholders’ equity. Management reviews the fair value of the portfolio at least monthly and evaluates individual securities with fair value below amortized cost at the balance sheet date. For debt securities, in order to determine whether impairment is other-than-temporary, management must conclude whether the Company intends to sell the impaired security and whether it is more likely than not that the Company will be required to sell the security before recovering its amortized cost basis. If management intends to sell an impaired debt security or it is more likely than not the Company will be required to sell the security prior to recovering its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. The amount of an other-than-temporary impairment related to a credit loss, or securities that management intends to sell before recovery, is recognized in earnings. The amount of an other-than-temporary impairment on debt securities related to other factors is recorded consistent with changes in the fair value of all other available-for-sale securities as a component of stockholders’ equity in other comprehensive income. No other-than-temporary impairment charges were recognized in the fiscal years ended September 30, 2018, 2017, and 2016. The Company recorded a net realized loss from the sale of available-for-sale securities of $49,000 during the year ended September 30, 2018. There were no realized gains or losses from the sale of available-for-sale securities during the years ended September 30, 2017 and 2016. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | As of September 30, 2018, total acquisition-related contingent consideration related to the ICAR Acquisition of $1.8 million and $1.2 million is recorded in acquisition-related contingent consideration and other non-current liabilities, respectively, in the consolidated balance sheets. The following table includes a summary of the contingent consideration measured at fair value using significant unobservable inputs (Level 3) during the year ended September 30, 2018 | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company has goodwill balances of $34.4 million and $3.0 million at September 30, 2018 and 2017, respectively, representing the excess of costs over fair value of net assets of businesses acquired. Goodwill acquired in a business combination and determined to have an indefinite useful life is not amortized, but instead is tested for impairment at least annually in accordance with ASC Topic 350. The following table summarizes changes in the balance of goodwill during the year ended September 30, 2018 ( | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Amortization expense related to acquired intangible assets was $4.0 million, $0.6 million, and $0.6 million for fiscal years ended September 30, 2018, 2017, and 2016, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | As of September 30, 2018, the Company had $14.7 million of unrecognized compensation expense related to outstanding RSUs, stock options, and ESPP shares expected to be recognized over a weighted-average period of approximately 2.3 years. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | In January 2012, the Company’s board of directors (the “Board”) adopted the Mitek Systems, Inc. 2012 Incentive Plan (the “2012 Plan”), upon the recommendation of the compensation committee of the Board. On March 10, 2017, the Company’s stockholders approved the amendment and restatement of the 2012 Plan. The total number of shares of Common Stock reserved for issuance under the 2012 Plan is 9,500,000 shares plus that number of shares of Common Stock that would otherwise return to the available pool of unissued shares reserved for awards under its 1999 Stock Option Plan, 2000 Stock Option Plan, 2002 Stock Option Plan, 2006 Stock Option Plan, and 2010 Stock Option Plan (collectively, the “Prior Plans”). As of September 30, 2018, (i) stock options to purchase 1,776,798 shares of Common Stock, 2,137,338 RSUs, and 2,042,817 Senior Executive Performance RSUs were outstanding under the 2012 Plan, and 2,745,093 shares of Common Stock were reserved for future grants under the 2012 Plan and (ii) stock options to purchase an aggregate of 1,029,566 shares of Common Stock were outstanding under the Prior Plans. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | In January 2018, the Board adopted the Mitek ESPP. On March 7, 2018, the Company’s stockholders approved the ESPP. The total number of shares of Common Stock reserved for issuance thereunder is 1,000,000 shares. As of September 30, 2018, (i) 60,751 shares have been issued under the ESPP and (ii) 939,249 shares of Common Stock were reserved for future purchases under the ESPP. The Company commenced the initial offering period on April 2, 2018. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The ESPP enables eligible employees to purchase shares of Common Stock at a discount from the market price through payroll deductions, subject to limitations. Eligible employees may elect to participate in the ESPP only during an open enrollment period. The offering period immediately follows the open enrollment window, at which time ESPP contributions are withheld from the participant's regular paycheck. The ESPP provides for a 15% discount on the market value of the stock at the lower of the grant date price (first day of the offering period) and the purchase date price (last day of the offering period). The | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Company recognized $0.2 million in stock-based compensation expense related to the ESPP during the year ended September 30, 2018. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | In January 2011, the Board adopted the Mitek Systems, Inc. Director Restricted Stock Unit Plan, as amended and restated (the “Director Plan”). On March 10, 2017, the Company's stockholders approved an amendment to the Director Plan. The total number of shares of Common Stock reserved for issuance thereunder is 1,500,000 shares. As of September 30, 2018, (i) 442,838 RSUs were outstanding under the Director Plan and (ii) 445,733 shares of Common Stock were reserved for future grants under the Director Plan. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company recognized $1.4 million, $1.0 million, and $1.3 million in stock-based compensation expense related to outstanding stock options in the fiscal years ended September 30, 2018, 2017, and 2016, respectively. As of September 30, 2018, the Company had $1.0 million of unrecognized compensation expense related to outstanding stock options expected to be recognized over a weighted-average period of approximately 2.5 years. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $5.9 million, $4.0 million, and $2.7 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2018, 2017, and 2016, respectively. As of September 30, 2018, the Company had approximately $11.7 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | There were 2,042,817 Senior Executive Performance RSUs outstanding as of September 30, 2018. The Company recognized $1.5 million and $0.4 million in stock-based compensation expense related to outstanding Senior Executive Performance RSUs in the years ended September 30, 2018 and 2017, respectively. As of September 30, 2018, the Company had $1.9 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.1 years. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | On June 17, 2015, the Company completed the acquisition of IDchecker NL B.V., a company incorporated under the laws of The Netherlands (“IDC NL”), and ID Checker, Inc., a California corporation and wholly owned subsidiary of IDC NL (“IDC Inc.” and together with IDC NL, “IDchecker”). In connection with the closing of this acquisition, the Company issued to the Sellers 712,790 shares of Common Stock (the "Closing Shares"). Vesting of these shares is subject to the continued employment of the founders of IDchecker and occurs over a period of 27 months (the “Service Period”) from the date of issuance. The cost of the Closing Shares was determined using the fair value of Common Stock on the award date, and the stock-based compensation is recognized ratably over the vesting period. Stock-based compensation expense related to the Closing Shares is recorded within acquisition-related costs and expenses on the consolidated statements of operations and other comprehensive income (loss). The Company recognized no stock-based compensation expense related to the Closing Shares in the year ended September 30, 2018. The Company recognized $1.2 million in stock-based compensation expense related to the Closing Shares for each of the years ended September 30, 2017 and 2016. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | In connection with the acquisition of IDchecker, the Company issued 137,306 shares of Common Stock (the "Earnout Shares") to the Sellers for achievement by IDchecker of certain revenue targets for the nine-month period ended September 30, 2015. Additionally, 81,182 Earnout Shares were earned by the Sellers for achievement by IDchecker of certain revenue targets for the twelve-month period ended September 30, 2016. The Company estimated the fair value of the Earnout Shares using the Monte-Carlo simulation (using the Company’s valuation date stock price, the annual risk-free interest rate, expected volatility, | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Due to the Company’s fiscal year end, the Company is subject to transitional tax rate rules. Therefore, the blended rate of 24.3% was computed as effective for the fiscal year ended September 30, 2018. Also, as a result of the Tax Act, the Company has remeasured its deferred tax assets based on the rates at which they are expected to reverse in the future, resulting in a reduction in the net deferred tax asset balance of $4.9 million. The decrease in the Company’s tax rate is primarily due to the impact of the Tax Act. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The net change in the total valuation allowance for the fiscal years ended September 30, 2018 and 2017 was an increase of $0.4 million and a decrease of $10.1 million, respectively. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. The Company considers projected future taxable income and planning strategies in making this assessment. Based on the level of historical operating results and the projections for future taxable income, the Company has determined that it is more likely than not that the deferred tax assets may be realized for all deferred tax assets with the exception of the net foreign deferred tax assets at Mitek Systems B.V. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | As of September 30, 2018, the Company has available net operating loss carryforwards of $27.6 million for federal income tax purposes, which will start to expire in 2032. The net operating losses for state purposes are $30.2 million and will begin to expire in 2028. As of September 30, 2018, the Company has available federal research and development credit carryforwards, net of reserves, of $2.2 million. The federal research and development credits will start to expire in 2022. As of September 30, 2018, the Company has available California research and development credit carryforwards, net of reserves, of $1.9 million, which do not expire. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company adopted ASU 2016-09 prospectively as of October 1, 2017, resulting in net cumulative-effect adjustment to increase retained earnings by $8.3 million, primarily related to the recognition of the previously unrecognized excess tax benefits using the modified retrospective method. The previously unrecognized excess tax effects were recorded as an increase to deferred income taxes in the consolidated balance sheets. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Of the total unrecognized tax benefits at September 30, 2018, $1.3 million will impact the Company's effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next 12 months. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of September 30, 2018, no accrued interest or penalties related to uncertain tax positions are recorded in the consolidated financial statements. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The amount claimed is €0.8 million (or $0.9 million), plus the interests accrued during the court proceedings. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company has a 401(k) plan that allows participating employees to contribute a percentage of their salary, subject to Internal Revenue Service annual limits. In 2015, the Company implemented a company match to the plan. The Company's contributions are made in an amount equal to 25% of the first 6% of an employee's designated deferral of their eligible compensation. The Company's total cost related to the 401(k) plan was $123,000, $121,000, and $91,000 for the fiscal years ended September 30, 2018, 2017, and 2016, respectively. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | The Company’s principal executive offices, as well as its research and development facility, are located in approximately 29,000 square feet of office space in San Diego, California and the term of the lease for the Company’s offices continues through June 30, 2024. The average annual base rent under this lease is approximately $1.0 million per year. In connection with this lease, the Company received tenant improvement allowances totaling approximately $1.0 million. These lease incentives are being amortized as a reduction of rent expense over the term of the lease. As of September 30, 2018, the unamortized balance of the lease incentives was $0.8 million, of which $0.1 million has been included in other current liabilities and $0.7 million has been included in other non-current liabilities. The offices of A2iA are located in Paris, France and New York, New York and the terms of each lease continue through July 31, 2021 and September 30, 2019, respectively, with annual base rent of approximately €0.4 million (or approximately $0.4 million) and approximately $0.3 million per year, respectively. The offices of Mitek Systems B.V. are located in Amsterdam, The Netherlands and the term of such lease continues through December 31, 2022 with annual base rent of approximately €0.2 million (or approximately $0.2 million) per year. The Company has a sales office in London, UK. The term of this lease continues through May 31, 2020. The annual base rent under this lease is approximately £63,000 (or approximately $82,000) per year. The offices of ICAR are located in Barcelona, Spain and the term of such lease continues through May 31, 2023 with annual base rent of approximately €0.1 million (or approximately $0.1 million) per year. The Company believes its existing properties are in good condition and are sufficient and suitable for the conduct of its business. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | Rent expense for the Company’s operating leases for its facilities for the years ended September 30, 2018, 2017, and 2016 totaled $1.7 million, $0.6 million and $0.3 million, respectively. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | On May 3, 2018, the Company and IDchecker, Inc. (together, the “Co-Borrowers”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Silicon Valley Bank (“SVB”). Pursuant to the Loan Agreement, the Company arranged for a $10.0 million secured revolving credit facility (the “Revolver”) with a floating per annum interest rate equal to the greater of the Wall Street Journal prime rate, plus 0.25%, or 4.5%. The Co-Borrowers must maintain, at all times when any amounts are outstanding under the Revolver: (i) minimum unrestricted cash at SVB and unused availability on the Revolver of at least $15.0 million and (ii) Adjusted Quick Ratio (as defined in the Loan Agreement) of 1.75:1.00. The Revolver has a maturity date of May 3, 2019. There were no borrowings outstanding under the Revolver as of September 30, 2018. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | For the year ended September 30, 2018, the Company derived revenue of $20.0 million from two customers, with such customers accounting for 22% and 10%, respectively, of the Company’s total revenue. For year ended September 30, 2017, the Company derived revenue of $10.4 million from one customer, with such customer accounting for 23% of the Company's total revenue. For the year ended September 30, 2016, the Company derived revenue of $6.3 million from one customer, with such customer accounting for 18% of the Company’s total revenue. The corresponding accounts receivable balances of customers from which revenues were in excess of 10% of total revenue were $5.7 million, $1.3 million, and $1.0 million at September 30, 2018, 2017 and 2016, respectively. | [
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10-K | 0000807863-18-000115 | 2018-12-13T19:39:11+00:00 | 20180930 | MITEK SYSTEMS INC | International sales accounted for approximately 27%, 14%, and 15% of the Company’s total revenue for the years ended September 30, 2018, 2017, and 2016, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was approximately $92.1 million based on the last sale price of the common equity on March 31, 2018, which is the last business day of the registrant's most recently completed second quarter. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | BRT Apartments Corp. (“BRT” or the “Company”) is the successor to BRT Realty Trust pursuant to the conversion of BRT Realty Trust from a Massachusetts business trust to a Maryland corporation on March 18, 2017. BRT owns, operates and develops multi-family properties. Generally, the multi-family properties are acquired with joint venture partners in transactions in which the Company contributes 65% to 80% of the equity. At September 30, 2018, the Company owns 36 multi-family properties with 10,121 (including 402 units at a property under development) located in 11 states. At September 30, 2018, the carrying value of the multi-family assets (including a real estate asset held for sale), was $1,049,408,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The Company also owns and operates various other real estate assets. At September 30, 2018, the carrying value of the other real estate assets was $15,293,000, including a real estate loan of $4,900,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Certain items on the consolidated financial statements for the prior years have been reclassified to conform with the current year's presentation, including the reclassification (i) of the operations and related assets of the Newark Joint Venture to discontinued operations, (ii) of deferred loan costs on the consolidated balance sheets from assets to a reduction of the carrying amount of mortgage payable and (iii) tenant utility reimbursements from real estate operating expenses to rental and other revenues from real estate properties. The reclassification of tenant utility reimbursements increased total revenues and expenses by $4,066,000 in 2016, and had no effect on the Company's financial position, results of operation or cash flows. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Cash. The new standard requires that the statement of cash flows explain the change during the period in the combined total of cash, cash equivalents, and amounts generally described as restricted cash equivalents. Entities will also be required to reconcile such total to amounts on the balance sheet and disclose relevant information about the nature of the restrictions on the basis of their individual facts and circumstances. The effective date of the standard will be fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted. The new standard requires a retrospective approach. The Company will adopt this standard effective October 1, 2018, and expects to reclassify $535,000 and $1,200,000. of its cash outflows from operating activities to change in cash and restricted cash in its historical presentation of cash flows for the years ended September 30, 2018 and 2017, respectively | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | As a result of the damage caused by Hurricane Harvey in 2017, the Company reduced the carrying value of Retreat at Cinco Ranch, located in Katy, TX, by $3,571,000 and, because the Company believed it would recover such sum from its insurance coverage, recorded a receivable for the same amount. Through September 30, 2018, the Company recognized $9,150,000 in insurance recoveries related to Hurricane Harvey, of which $4,498,000, is recorded as a gain on insurance recovery and $1,180,000 of recoveries from business interruption insurance has been recognized as rental income. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The following table summarizes the preliminary allocations of the purchase price of six properties purchased between October 1, 2017 and September 30, 2018 , and the finalized allocation of the purchase price, as adjusted, as of September 30, 2018 (dollars in thousands): | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | (a) Includes Waverly Place, Melbourne FL, sold on October 25, 2017, Valley Venue, Valley, AL, sold on February 23, 2018 and Garden Square, Palm Beach Gardens, FL sold on February 25, 2018. These properties in total had 1,368 units and accounted for $5,815 of 2018 revenues. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | In the year ended September 30, 2018, the Company purchased its partner's 2.5% interest in Avalon Apartments, located in Pensacola, FL., for $250,000 and its partner's 20% interest in Kilburn Crossing located in Fredricksburg, VA., for $4,909,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | On February 23, 2016, the Company sold, through subsidiaries which owned such interests, its equity interests in RBH - TRB Newark Holdings, LLC (the "Newark Joint Venture"), to RBH Partners III, LLC, for $16,900,000 (the "NJV Sale"). The Company recognized a gain of $15,467,000 in connection with this sale. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Other than the agreement of the Company's subsidiary to provide an indemnity with respect to up to $2,800,000 of obligations related to the venture, neither the Company nor its subsidiaries have any guaranty, indemnity or similar obligations with respect to the Newark Joint Venture. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018, the Company owns interests in three unconsolidated joint ventures owning multi-family properties. The table below provides information regarding these joint ventures (dollars in thousands): | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | (a ) Reflects land purchased for a development project at which construction of 339 units is planned. Construction financing for this project of up to | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018, $798,805,000 of mortgage debt is outstanding on the Company's 36 multi-family properties and one commercial property with a weighted average interest rate of 4.18% and a weighted average remaining term to maturity of 6.9 years. Scheduled principal repayments for the next five years and thereafter are as follows (dollars in thousands): | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | (a) Includes $30,265 in 2020 related to Factory at Garco Park, North Charleston, SC, which was sold subsequent to September 30, 2018. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018 and 2017, the outstanding principal balance of the Company's junior subordinated notes was$37,400,000. The interest rate on the outstanding balance resets quarterly and is based on three month LIBOR +2.00% The rate in effect at September 30, 2018 is 4.34%. The notes mature April 30, 2036. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The notes require interest only payments through the maturity date, at which time repayment of all outstanding principal and unpaid interest is due. Interest expense for the years ended September 30, 2018, 2017 and 2016, which includes amortization of deferred costs, was $1,489,000, $1,175,000 and $1,510,000, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | During the years ended September 30, 2018, 2017 and 2016, the Company recorded $50,000, $1,560,000 and $689,000, respectively, of Federal alternative minimum tax and state franchise tax expense, net of refunds, relating to the 2018, 2017 and 2016 calendar years. The Federal alternative minimum tax is no longer effective in 2018. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At December 31, 2017, the Company had a net operating loss carry forward of $16,816,000. These net operating losses may be available in future years to reduce taxable income when it is generated. These tax loss carry forwards no longer expire and are available to offset 100% of taxable income. Net operating losses generated in 2018 and after will be available to offset 80% of taxable income. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Each of the Company's 2018 Incentive Plan (the "2018 Plan") and Amended and Restated 2016 Incentive Plan (the "2016 Plan") authorized the Company to grant: (i) up to 600,000 shares of common stock pursuant to stock options, restricted stock, restricted stock units, and performance shares awards; and (ii) cash settled dividend equivalent rights in tandem with the grant of restricted stock units and certain performance based awards. The Company's 2012 Incentive Plan (the "2012 Plan") authorized the Company to grant up to 600,000 shares of common stock pursuant to stock options, restricted stock, restricted stock units and performance share awards. No further awards may be granted pursuant to the 2016 Plan and the 2012 Plan, which are referred to collectively as the "Prior Plans". | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | In June 2016, pursuant to the 2016 Plan, the Company issued restricted stock units (the "Units") to acquire up to 450,000 shares of common stock. The Units entitle the recipients, subject to continued service through March 31, 2021 (the “Performance Period”), to receive in the aggregate, (i) up to 200,000 shares (the “TSR Award”) of common stock based on achieving, during the Performance Period, specified levels in compounded annual growth rate (“CAGR”) in total stockholder return (“TSR”), and (ii) up to 200,000 shares of common stock based on achieving, during the Performance Period, specified levels in CAGR in adjusted funds from operations, as determined pursuant to the performance agreement (the "AFFO Award"). In addition, up to 50,000 shares (the "Adjustment Awared")may be added to or subtracted from the TSR Award, based on attaining or failing to attain, as the case may be, during the Performance Period, of CAGR in TSR relative to the CAGR in TSR | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | For the TSR Awards, a third party appraiser prepared a Monte Carlo simulation pricing model to assist management in determining fair value. For the AFFO Awards, fair value is based on the market value on the date of grant. Expense is not recognized on the Units which the Company does not expect to vest as a result of conditions the Company does not expect to be satisfied. The total amount recorded at the grant date as deferred compensation with respect to the Units was $2,117,000. As of September 30, 2018, $1,432,000 of deferred compensation allocated to the AFFO Award has been reversed, as it is not anticipated that the performance goals will be met. The remaining $685,000 allocated to the TSR Award is being charged to general and administrative expense over the Performance Period. The deferred compensation expense to be recognized is net of certain forfeiture and performance assumptions. The Company recorded $(56,000), $240,000 and $146,000 of compensation expense related to the amortization of unearned compensation with respect to the Units in the years ended September 30, 2018, 2017 and 2016, respectively. At September 30, 2018 and 2017, $354,000 and $1,015,000 respectively, has been deferred as unearned compensation and will be charged to expense over the balance of the Performance Period. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | In March 2018, the Company granted 144,797 shares of restricted stock pursuant to the 2018 Plan. As of September 30, 2018, an aggregate of 705,847 shares of unvested restricted stock are outstanding pursuant to the Plan and the Prior Plans. All shares of restricted stock vest five years from the date of grant and under specified circumstances, including a change in control, may vest earlier. For financial statement purposes, the restricted stock is not included in the outstanding shares shown on the consolidated balance sheets until they vest, but are included in the earnings per share computation. During the years ended September 30, 2018, 2017 and 2016, the Company recorded $1,044,000 and $978,000, and $859,000 respectively, of compensation expense related to the amortization of unearned compensation with respect to the restricted stock awards. At September 30, 2018 and 2017, $3,023,000 and $2,356,000, respectively, has been deferred as unearned compensation and will be charged to expense over the remaining vesting periods of these restricted stock awards. The weighted average vesting period of these restricted shares is 2.3 years. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | In January 2018, the Company entered into equity distribution agreements, as amended in May 2018, with three sales agents to sell an aggregate of $30,000 of its common stock from time-to-time in an at-the-market offering. Since the commencement of the at-the-market offering program through September 30, 2018, the Company sold 1,590,935 shares of common stock for net proceeds of $20,411 after giving effect to related fees, commissions and offering related expenses of $502,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The Company paid REIT Management Corp., a company wholly owned by Fredric H. Gould, a director of the Company, advisory fees pursuant to its Advisory Agreement of $0, $0 and $693,000 for the years ended September 30, 2018, 2017 and 2016, respectively. The Advisory Agreement terminated effective December 31, 2015. Effective as of January 1, 2016, the Company retained certain of its executive officers and Fredric H. Gould to provide services previously provided pursuant to such agreement. The aggregate fees paid in 2018 and 2017 for these services were $1,253,000 and $1,193,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Management of certain properties owned by the Company and certain joint venture properties is provided by Majestic Property Management Corp. ("Majestic Property"), a company wholly owned by Fredric H. Gould, under renewable year-to-year agreements. Certain of the Company's officers and directors are also officers and directors of Majestic Property. Majestic Property provides real property management, real estate brokerage and construction supervision services to these properties. For the years ended September 30, 2018, 2017 and 2016, fees for these services were $33,000, $32,000, and $34,000, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Fredric H. Gould is the vice chairman of the board of directors of One Liberty Properties, Inc., and certain of the Company's officers and directors are also officers and, or directors of One Liberty Properties, Inc. In addition, Mr. Gould is an executive officer and sole stockholder of Georgetown Partners, Inc., the managing general partner of Gould Investors L.P.("Gould Investors"). Certain of the Company's officers and directors are also officers and/or directors of Georgetown Partners, Inc. The allocation of expenses for the facilities, personnel and other resources shared by the Company, One Liberty and Gould Investors is computed in accordance with a shared services agreement by and among the Company and these entities and is included in general and administrative expense on the consolidated statements of operations. During the years ended September 30, 2018, 2017 and 2016, allocated general and administrative expenses reimbursed by the Company to Gould Investors L.P. pursuant to the shared services agreement aggregated $823,000, $723,000 and $549,000, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | On December 11, 2015, the Company borrowed $8,000,000 from Gould Investors at an interest rate of 5.24%. This loan was satisfied on February 24, 2016. Interest expense for the year ended September 30, 2016 was $86,000. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Management of many of the Company's multi-family properties is performed by its joint venture partners or their affiliates, none of which are related to the Company. These management fees amounted to $3,670,000, $2,834,000 and $1,919,000 in the years ended September 30, 2018, 2017 and 2016, respectively. In addition, the Company may pay an acquisition fee to its joint venture partner upon the purchase of a property. These acquisition fees amounted to $2,043,000, $2,571,000 and $2,221,000 for the years ended September 30, 2018, 2017 and 2016, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The Company obtains certain insurance in conjunction with Gould Investors and reimburses Gould Investors for the Company's share of the insurance cost. Insurance reimbursements to Gould Investors for the years ended September 30, 2018, 2017 and 2016 were $26,000, $24,000 and $41,000 respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | Substantially all of the Company's assets are comprised of multi-family real estate assets generally leased to tenants on a one year basis. Therefore, the Company aggregates real estate assets for reporting purposes and operates in one reportable segment. Prior to October 1, 2017, the Company operated in two reportable segments: a multi-family real estate segment which includes the ownership, operation and development of its multi-family properties; and another real estate segment, which includes the ownership and operation and development of its other real estate assets. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018 and 2017, the estimated fair value of the Company's junior subordinated notes is less than their carrying value by approximately $12,451,486, and $15,705,000, respectively, based on market interest rates of 7.35% and 6.82%, respectively. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018, the estimated fair value of the Company's mortgages payable is lower than their carrying value by approximately $34,039,000 assuming market interest rates between 4.30% and 6.04%. At September 30, 2018, the estimated fair value was lower than the carrying value by $11,400,000, assuming market interest rates between 3.78% and 5.02%. Market interest rates were determined using current financing transaction information provided by third party institutions. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | The Company maintains a non-contributory defined contribution pension plan covering eligible employees and officers. Contributions by the Company are made through a money purchase plan, based upon a percent of qualified employees' total salary as defined therein. Pension expense approximated $350,000, $342,000 and $324,000 during the years ended | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | September 30, 2018, 2017 and 2016, respectively. At September 30, 2018 and 2017, $18,000 and $162,000, respectively, remains unpaid and is included in accounts payable and accrued liabilities on the consolidated balance sheets. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | At September 30, 2018, the Company is the carve-out guarantor with respect to mortgage debt in principal amount of $113,730,000 at seven multi-family properties. | [
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10-K | 0000014846-18-000041 | 2018-12-10T17:32:53+00:00 | 20180930 | BRT Apartments Corp. | No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on the Trust's cash flow hedges during the years ended September 30, 2018, 2017 or 2016. During the twelve months ending September 30, 2019, the Company estimates an additional $533,000 will be reclassified from other comprehensive income as an increase to interest expense. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | During the three months ended March 31, 2018, and in each fiscal year since our inception, we have incurred net losses which have resulted in an accumulated deficit of $313.7 million as of March 31, 2018. Additionally, our operations have historically used more cash than they have provided. As of March 31, 2018, our cash and cash equivalents balance was $21.9 million, and we had a negative working capital balance of $29.4 million. Our revenue during the three months ended March 31, 2018 was $16.7 million. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | During the three months ended March 31, 2017, we issued a total of 382,308 shares of our common stock to private investors in exchange for approximately $1.3 million in cash. We did not make similar issuances of our common stock during the three months ended March 31, 2018. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | On November 9, 2016, we entered into a common stock purchase agreement (as amended, the “Aspire Purchase Agreement”) with Aspire Capital Fund, LLC (“Aspire Capital”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, we may sell to Aspire Capital up to an aggregate of $20.0 million of shares of our common stock over the 30-month term of the Aspire Purchase Agreement. On September 18, 2017, we entered into a First Amendment to the Aspire Purchase Agreement, which provides that the parties may mutually agree to increase the number of shares of our common stock that may be purchased per business day pursuant to the terms of the Aspire Purchase Agreement to 2,000,000 shares. As of March 31, 2018, Aspire has purchased $12.8 million | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | We are a party to a financing agreement dated as of September 24, 2015 (as amended, the “Financing Agreement”) with certain of our subsidiaries as borrowers (together with Remark, the “Borrowers”), certain of our subsidiaries as guarantors (the “Guarantors”), the lenders from time to time party thereto (the “Lenders”) and MGG Investment Group LP, in its capacity as collateral agent and administrative agent for the Lenders (“MGG”), pursuant to which the Lenders extended credit to the Borrowers consisting of a term loan in the aggregate principal amount of $35.5 million (the “Loan”). The terms of the Financing Agreement, the amendments thereto, and related documents effective as of March 31, 2018 are described in | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | We do not currently generate material contract assets. Other than changes resulting from routine business activity, the balance of our Contract liability did not change significantly during the three months ended March 31, 2018. We recognized revenue of $2.9 million during the three months ended March 31, 2018, which was included in the beginning balance of Contract liability at January 1, 2018. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | In addition to the quantitative assumptions above, we also consider whether we would issue additional equity and, if so, the price per share of such equity. At March 31, 2018, we estimated that two future equity financing events would potentially occur within the subsequent twelve months. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | At January 1, 2018, our outstanding liability-classified warrants included warrants we issued in connection with our acquisition of all of the outstanding equity interests in Vegas.com, LLC in September 2015 (the "VDC Acquisition") and the financing related thereto (the "VDC Acquisition Warrants" and the "VDC Financing Warrants", respectively). On January 8, 2018, holders of VDC Acquisition Warrants with respect to 2,416,996 shares of our common stock exercised such warrants. Because the VDC Acquisition Warrants provided that such warrants were exercisable on a cashless basis only, we issued a total of 750,102 shares of common stock in settlement of such warrants without receiving any proceeds from the exercise thereof. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | Total amortization expense was $1.3 million and $1.5 million for the three months ended March 31, 2018 and 2017, respectively. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | Our effective tax rate (“ETR”) from continuing operations was (0.22)% for the quarter ended March 31, 2018, due to indefinite-lived intangible assets and the effects of valuation allowances in various jurisdictions. The quarterly ETR has not significantly differed from our historical annual ETR. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | On April 12, 2017, we issued a short-term note payable in the principal amount of $3.0 million to a private lender in exchange for cash in the same amount. The agreement, which does not have a stated interest rate, required us to repay the note plus a fee of $115 thousand on the maturity date of June 30, 2017. The note is accruing interest at $500 per day on the unpaid principal until we repay the note in full. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | On September 24, 2015, we entered into the Financing Agreement, pursuant to which the Lenders provided us with the $27.5 million Loan. We entered into Amendment No. 1 to Financing Agreement on September 20, 2016 which, among other changes, increased the Loan by $8.0 million to a total aggregate principal amount of $35.5 million. As of March 31, 2018, the Loan bore interest at three-month LIBOR (with a floor of 1%) plus 10% per annum, payable monthly, and had a maturity date of September 24, 2018. As of March 31, 2018, the applicable interest rate on the Loan was approximately 12% per annum. Changes to the terms of the Financing Agreement made after the end of the period covered by this report are described in | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | During the first quarter of 2018, we determined that we would no longer use certain leased office space and, as a result, we sublet the majority of such office space to third parties. As a result of our decision, we recognized $2.3 million of unallocated rent expense in the corporate entity, and an associated liability for early lease termination. The current portion of the liability is recorded in Accrued expense and other current liabilities, with the long-term portion recorded in Other liabilities (see table above). | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | During the three months ended March 31, 2017, we issued a total of 382,308 shares of our common stock to private investors in exchange for approximately $1.3 million in cash. We did not make similar issuances of our common stock during the three months ended March 31, 2018. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | We incurred share-based compensation expense of $11.6 million and $0.3 million, respectively, during the three months ended March 31, 2018 and 2017. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | Capital expenditures for our Travel & Entertainment segment totaled $1.0 million and $0.4 million during the three months ended March 31, 2018 and 2017, respectively, while capital expenditures for our Technology & Data Intelligence segment totaled $0.4 million during each of the same periods, respectively. | [
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10-Q | 0001368365-18-000022 | 2018-05-14T17:20:17+00:00 | 20180331 | REMARK HOLDINGS, INC. | On April 30, 2018, we entered into Amendment No. 4 and Waiver to Financing Agreement, dated as of the same date (the "Fourth Financing Amendment"), to amend the Financing Agreement. The Fourth Financing Amendment provided for, among other things, (i) a reduction in the interest rate on the remaining amount outstanding under the Financing Agreement to three-month LIBOR plus 8.5% per annum, (ii) an extension of the maturity date under the Financing Agreement to September 30, 2020, (iii) a modification of certain of our covenants under the Financing Agreement, including covenants regarding capital expenditures, minimum value of certain of our assets, consolidated EBITDA of Vegas.com and its subsidiaries, and revenue generated by KanKan (iv) an increase in the amount we are permitted to invest in our non-U.S. subsidiaries operating our KanKan business (v) a waiver by the Lenders of certain events of default under the Financing Agreement and (vi) prepayment by the Borrowers of $8.0 million principal amount outstanding and $3.5 million of exit fees under the Financing Agreement within 60 days following the date of the Fourth Financing Amendment. In consideration for the Lenders’ entry into the Fourth Financing Amendment, we also paid a closing fee of approximately $413 thousand. | [
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10-Q | 0001564590-18-010344 | 2018-05-02T16:49:04+00:00 | 20180331 | Donnelley Financial Solutions, Inc. | For the three months ended March 31, 2018, final amounts invoiced to customers exceeded estimates of standalone selling price as of January 1, 2018 for the related arrangements by approximately $0.7 million. | [
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10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | The accompanying condensed consolidated financial statements as of March 31, 2018 and for the three months ended have been prepared assuming the Company will continue as a going concern. The Company successfully raised net proceeds of $37.6 million from its IPO, completed a follow-on offering of its common stock raising net proceeds of $49.0 million, and raised an additional $58.7 million in net proceeds from an at the market (ATM) offering completed in 2015. | [
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] |
10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | On November 29, 2016, the Company entered into a Sales Agreement with Cantor Fitzgerald & Co. (Cantor) under which the Company may sell up to $40.0 million of its common stock in one or more placements at prevailing market prices for its common stock (the 2016 ATM Offering). The Company launched the 2016 ATM Offering in June 2017 and under this ATM has sold 1,940,656 shares of the Company's common stock, with aggregate net proceeds of $19.3 million after commissions of $398,000 paid to Cantor as the placement agent, and other costs of $163,000. In October 2017, the Company sold 5,750,000 of its shares of common stock in a public offering for aggregate net proceeds of $55.2 million after underwriters' discounts, commissions and other expenses of $3.7 million. On March 12, 2018, the Company entered into a Sales Agreement with Cantor under which the Company may sell up to $60.0 million of its common stock in one or more placements at prevailing market prices in an ATM offering (the 2018 ATM Offering). As of March 31, 2018, no shares have been sold under the 2018 ATM Offering. | [
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10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | Property and equipment are capitalized as the Company believes they have alternative future uses and are stated at cost, less accumulated depreciation of $6.7 million and $6.6 million as of March 31, 2018 and December 31, 2017, respectively. Equipment under capital leases is stated at the present value of minimum lease payments. Depreciation on all property and equipment is calculated on the straight-line method over the shorter of the lease term or estimated useful life of the asset. Computer equipment has useful lives of three to five years, lab equipment has a useful life of five years and contract manufacturing organization equipment has a useful life of five years. | [
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10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | In October 2014, the Company entered into an exclusive worldwide collaboration and license agreement with Genentech, or the Genentech Agreement, for the development and commercialization of NLG919, one of the Company's clinical stage IDO pathway inhibitors and for the discovery of next generation IDO/TDO compounds to be developed and commercialized under this agreement. Under the terms of the Genentech Agreement, the Company received a nonrefundable upfront cash payment of $150.0 million from Genentech in 2014. On June 6, 2017, we received a formal notice of Genentech’s intent to terminate the Genentech Agreement with respect to NLG919. As part of the partial termination, worldwide rights to NLG919 reverted to us, and Genentech granted to us an exclusive, royalty-bearing license under certain Genentech intellectual property to develop and commercialize NLG919. If NLG919 is commercialized, we will be obligated to pay to Genentech royalties as a low single-digit percentage of net sales of NLG919. | [
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10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | The Genentech Agreement continues with regards to any next generation products as defined under the Genentech Agreement and the Company is eligible to receive milestone payments of up to $561.0 million upon achieving certain development, regulatory, and sales-based milestones with respect to next generation IDO/TDO products. The Company retains the right to exercise an option to co-promote any next generation IDO/TDO products with Genentech for the U.S. market and is also eligible to receive escalating royalty payments on potential commercial sales of next generation IDO/TDO products by Genentech. | [
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10-Q | 0001126234-18-000084 | 2018-05-09T15:13:24+00:00 | 20180331 | NEWLINK GENETICS CORP | For the three months ended March 31, 2018, the Company recognized license and collaboration revenue under the Genentech Agreement of $56,000 for providing an alliance manager. For the three months ended March 31, 2017, the Company recognized license and collaboration revenue under the Genentech Agreement of $167,000 for providing an alliance manager. All of the deliverables identified within the collaboration and license agreement have been completed in their entirety and all of the $150.0 million upfront payment has been recognized as of March 31, 2018. | [
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}
] |
Subsets and Splits
Transform Dates and Entities
Transforms and standardizes the filing and quarter dates, and the dates within entities, making the data more uniform and easier to analyze for temporal patterns and trends.
Top Entities by Count
Discovers the most frequently occurring entities and their associated currency units, providing insights into prominent mentions and economic contexts.
Stock Repurchase Program Data
Extracts key details about stock repurchase program authorizations, grouped by date, CIK, and filing timestamp, providing a structured look at these financial events.
Top Entity Labels Count
Counts the occurrences of each entity label in the dataset, providing insight into the distribution of labeled entities.
Formatted Financial Data Extract
The query performs some basic data cleaning and transformation, specifically converting date formats, but the results are limited and do not provide deep analytical insights or reveal meaningful patterns.