Finjan (FNJN) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	7-May-14
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'FNJN	'
Entity Registrant Name	'FINJAN HOLDINGS, INC.	'
Entity Central Index Key	'0001366340	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	22,368,453

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$23,549	$24,598
Accounts receivable, net	51	50
Inventories	61	34
Prepaid expenses and other current assets	214	150
Total current assets	23,875	24,832
Property and equipment, net	958	953
Intangible assets, net	1,253	1,333
Goodwill	306	306
Investments	500	500
Other non-current assets	23	23
Total Assets	26,915	27,947
Current Liabilities:	'	'
Accounts payable	873	495
Accounts payable - related parties	19	15
Accrued expenses	591	336
Accrued income taxes	5	4
Other current liabilities	32	35
Total current liabilities	1,520	885
Deferred tax liabilities	37	39
Total Liabilities	1,557	924
Commitments and contingencies	'	'
Stockholders' Equity	'	'
Preferred stock - $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2014 and December 31, 2013	'	'
Common stock - $0.0001 par value; 1,000,000,000 shares authorized; 22,368,453 shares issued and outstanding at March 31, 2014 and December 31, 2013	2	2
Additional paid-in capital	21,884	21,546
Retained earnings	3,472	5,475
Total Stockholders' Equity	25,358	27,023
Total Liabilities and Stockholders' Equity	$26,915	$27,947

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	22,368,453	22,368,453
Common stock, shares outstanding	22,368,453	22,368,453

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
Revenues	$175	'
Cost of revenues	134	'
Gross profit	41	'
Operating Expenses:	'	'
Selling, general and administrative	3,123	847
Total operating expenses	3,123	847
Loss from operations	-3,082	-847
Other Income	'	'
Gain on settlements	1,000	'
Other income	12	'
Interest income	68	80
Total other income	1,080	80
Loss before provision for income taxes	-2,002	-767
Provision for income taxes	1	'
Net Loss	($2,003)	($767)
Net Loss Per Share:	'	'
Basic and Diluted	($0.09)	($0.04)
Weighted Average Number of Common Shares Outstanding:	'	'
Basic and Diluted	22,368,453	20,590,596

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash Flows From Operating Activities	'	'
Net Loss	($2,003)	($767)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	132	'
Stock-based compensation expense	338	'
Deferred tax liability	-2	'
Changes in operating assets and (liabilities):	'	'
Accounts receivable	-1	'
Inventories	-27	'
Prepaid expenses and other current assets	-64	'
Accrued expenses	240	'
Accounts payable	378	-2,159
Accounts payable - related parties	4	'
Other current liabilities	-3	'
Accrued income taxes	1	-25,325
Total Adjustments	996	-27,484
Net Cash Used in Operating Activities	-1,007	-28,251
Cash Flows From Investing Activities	'	'
Purchases of property and equipment	-42	'
Net Cash Used in Investing Activities	-42	'
Cash Flows From Financing Activities	'	'
Repayment of loan from former parent	'	-33,943
Net Cash Used in Financing Activities	'	-33,943
Net Decrease in Cash and Cash Equivalents	-1,049	-62,194
Cash and Cash Equivalents - Beginning	24,598	91,545
Cash and Cash Equivalents - Ending	23,549	29,351
Cash paid during the quarter for:	'	'
Income taxes	'	25,325
Non-cash Investing and Financing activities:	'	'
Purchase of property and equipment in exchange for finance agreement	15	'
Dividend of investments to parent	'	$12,784

The_Company_and_Summary_of_Sig

The Company and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
The Company and Summary of Significant Accounting Policies	'
	NOTE 1 – THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Finjan Holdings, Inc. (the “Company”, or “Finjan Holdings”), a Delaware corporation (formerly Converted Organics, Inc.), has two reportable business segments: a web and network security technology segment focused on licensing and enforcing its technology patent portfolio, operated by its wholly-owned subsidiary Finjan, Inc. (“Finjan”), and an organic fertilizer segment operated by another wholly-owned subsidiary, Converted Organics of California, LLC (“Converted Organics”).
	On June 3, 2013, Converted Organics, Inc. entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Finjan. Effective June 3, 2013 and pursuant to the Merger Agreement, a wholly owned subsidiary merged with and into Finjan and Finjan became a wholly-owned subsidiary of Converted Organics, Inc. (the “Merger”). The transaction was accounted for as a reverse acquisition under the acquisition method of accounting for business combinations, with Finjan being treated as the acquiring company in the Merger for accounting purposes. Accordingly, the assets and liabilities and the historical operations that are reflected in Finjan Holdings condensed consolidated financial statements are those of Finjan and are recorded at the historical cost basis of Finjan. The results of operations of the acquired Converted Organics business have been included in the condensed consolidated statement of operations since the date of Merger.
	Unless otherwise indicated or the context otherwise requires, references to “Finjan Holdings,” or “the Company” refer to Finjan Holdings, Inc., and its consolidated subsidiaries. Disclosures relating to the pre-merger business of Finjan Holdings, Inc., unless noted as being the business of Converted Organics prior to the Merger, pertain to the business of Finjan prior to the Merger.
	BASIS OF PRESENTATION
	These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission, or “SEC”, for interim reporting. As permitted under those rules, certain footnotes and other financial information that are normally required by U.S. GAAP, can be condensed or omitted. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto of the Company for the year ended December 31, 2013 which were included in the Annual Report on Form 10-K filed by the Company on March 14, 2014.
	In the opinion of management, these condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and notes thereto of the Company and include all adjustments, consisting only of normal recurring adjustments, considered necessary for the fair presentation of the Company’s financial position and operating results. The results for the three months ended March 31, 2014 and 2013 are not necessarily indicative of the operating results for the year ending December 31, 2014, for any other interim period or for any future period.
	USE OF ESTIMATES
	The preparation of financial statements in conformity with U.S. 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. On an ongoing basis, the Company evaluates its estimates, including those related to stock-based compensation expense, impairment of intangible assets, the determination of the economic useful life of property and equipment and intangible assets, income taxes and valuation allowances against net deferred tax assets, and the application of the acquisition method of accounting for business combinations. Management bases its estimates on historical experience or on various other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates.
	PRINCIPLES OF CONSOLIDATION
	The accompanying condensed consolidated financial statements include the accounts of Finjan Holdings and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
	CONCENTRATIONS OF CREDIT RISK
	The Company maintains its cash and cash equivalents in financial institutions located in the United States. At times, the Company’s cash and cash equivalent balances may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company has not experienced any losses in such accounts. As of March 31, 2014 and December 31, 2013, substantially all of the company’s cash and cash equivalents are uninsured.
	During the three months ended March 31, 2014 approximately 12%, 22% and 29% of the revenues generated by the company were from three customers. The Company did not have revenue during the comparable period in 2013.
	NET INCOME (LOSS) PER COMMON SHARE
	Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common share outstanding and potentially dilutive common shares outstanding.
	Potentially dilutive common shares from employee equity plans and warrants are determined by applying the treasury stock method to the assumed exercise of warrants and share options and are excluded from the computation of diluted net loss per share because their inclusion would be anti-dilutive and consist of the following:
			March 31,		December 31,
			2014		2013
	Options			1,625,476		1,625,476
	Warrants*			—		—
	Total			1,625,476		1,625,476
	*	Warrants are currently exercisable for less than one share of common stock, and therefore anti-dilutive, as a result of the 1-for-10 reverse stock split that the Company effected on November 8, 2011, the 1-for-500 reverse stock split that the Company effected on March 5, 2012, the 1-for-500 reverse stock split that the Company effected on June 3, 2013 and the 1-for-12 reverse stock split the Company effected on August 22, 2013. The warrants are subject to further adjustments in the future, which may have the effect of increasing or decreasing the exercise price and the number of shares issuable upon exercise of the warrants.
	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED
	The Company has determined there are no new accounting standards that are expected to have a material impact on the Company’s condensed consolidated financial statements.
	SUBSEQUENT EVENTS
	Management has evaluated subsequent events or transactions occurring through the date on which the financial statements were issued. See note 9.

ProForma_Financial_Information

Pro-Forma Financial Information	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
Pro-Forma Financial Information	'
	NOTE 2 – PRO-FORMA FINANCIAL INFORMATION
	As described in Note 1, the Company completed the Merger on June 3, 2013. The following unaudited pro forma information presents the combined results of operations for the three months ended March 31, 2013 as if the merger with Converted Organics, Inc. had been completed on January 1, 2013. The pro forma financial information includes adjustments to reflect one time charges and amortization of fair value adjustments in the appropriate pro forma periods as though the companies were combined as of the beginning of 2013. These adjustments include:
		•		An increase in depreciation and amortization expense of $3,000 for the three months ended March 31, 2013 related to property and equipment and the fair value of acquired identifiable assets.
	The unaudited pro forma results do not reflect operating efficiencies or potential cost savings which may be implemented after the Merger:
			Three Months
			Ended
			March 31,
			(In thousands,
			except share and
			per share data)
			2013
	Revenue		$	400
	Net loss		$	(2,453	)
	Net loss per common share, basic and diluted		$	(0.12	)
	Weighted average shares outstanding:
	Basic and diluted			20,590,596

Balance_Sheet_Components

Balance Sheet Components	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
Balance Sheet Components	'
	NOTE 3 – BALANCE SHEET COMPONENTS
	INVENTORIES
	The components of inventory were as follows:
		March 31,		December 31,
		2014		2013
		(In thousands)
	Raw materials	$	36	$	13
	Finished goods		25		21
	Inventory	$	61	$	34
	ACCRUED EXPENSES
	The components of accrued expenses were as follows:
		March 31,		December 31,
		2014		2013
		(In thousands)
	Legal	$	396	$	238
	Compensation		180		78
	Professional fees		—		20
	Other		15		—
	Accrued expenses	$	591	$	336

Commitments

Commitments	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Commitments	'
	NOTE 4 – COMMITMENTS
	OPERATING LEASES
	The Company leases a production facility in California. Under the terms of the lease, the Company owes minimum annual rent of $125,202, payable in monthly installments of $10,433, unless earlier terminated in accordance with the lease. The annual rental rate is subject to increase on each annual anniversary of the commencement of the immediately preceding rental year by 3% of the rent paid during the immediately preceding year. This lease expires in 2018.
	On September 9, 2013, the Company entered into a lease for its new corporate headquarters for a period of five years beginning October 1, 2013. Under the terms of the lease, the Company owes an initial annual rent of $138,952, payable in monthly installments of $11,579, unless earlier terminated in accordance with the lease. The annual rental rate is subject to an increase on a cumulative basis after the first lease year at the rate of 2.5% per annum compounded annually.
	On March 20, 2014, the Company received the consent of the master landlord for a sublease agreement dated March 10, 2014, pursuant to which the Company subleased office space in Menlo Park, California. From the commencement date through November 30, 2017, the Company owes an initial annual rent of $164,619, payable in equal monthly installments, unless earlier terminated by either party in accordance with the lease. The annual rental rate is subject to an approximately 3.0% increase at each anniversary of the commencement date during the term.
	The following table sets forth the Company’s aggregate future minimum payments under its operating lease commitments as of March 31, 2014 (in thousands):
	Year ending December 31,
	2014	$	312
	2015		445
	2016		457
	2017		448
	2018		127
		$	1,789
	The Company accounts for its leases under the straight line method of accounting. Deferred rent payable was $31,994 as of March 31, 2014. Deferred rent as of December 31, 2013 was not material.
	Rent expense for the three months ended March 31, 2014 was $75,054. The Company did not have any rent expense for the three months ended March 31, 2013.
	CAPITAL COMMITMENTS
	On November 21, 2013, the Company made a $5 million commitment to invest in an Israel-based limited partnership venture capital fund seeking to invest in early-stage cyber technology companies. If and when the Company funds the entire amount of the investment, it will be less than a 10% limited partnership interest in which the Company will not be able to exercise control over the fund. Accordingly, the Company has accounted for this investment under the cost method of accounting. As of March 31, 2014, the Company had a $4.5 million outstanding capital commitment to the venture capital fund.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Stock-Based Compensation	'
	NOTE 5 – STOCK-BASED COMPENSATION
	The Company estimates the fair values of stock options using the Black-Scholes option-pricing model. For the three months ended March 31, 2014, the assumptions used in the Black-Scholes option pricing model were as follows:
		Employee			Non-Employee
		Grants			Grants
	Weighted-average grant date fair value	$	1.44		$	1.44
	Weighted-average Black-Scholes option pricing model assumptions:
	Volatility		50.6	%		55.6	%
	Expected term (in years)		6			10
	Risk-free rate		1	%		2.9	%
	Expected dividend yield		0	%		0	%
	Forfeiture rate		0	%		0	%
	The risk-free interest rate is the United States Treasury rate for the day of the grant having a term equal to the life of the equity instrument. The volatility is a measure of the amount by which the Company’s share price has fluctuated or is expected to fluctuate. Since the Company’s common stock was not publicly traded at the time of certain grants to employees, an average of the historic volatility of comparative companies was used. The dividend yield is zero percent as the Company has not made any dividend payment and has no plans to pay dividends in the foreseeable future. An increase or decrease in the risk free rate or volatility could increase or decrease the fair value of our equity instruments.
	On January 23, 2014, the Company’s Board of Directors approved the 2014 Incentive Compensation Plan. The plan is subject to approval by the stockholders of the Company at the next annual meeting of stockholders on July 10, 2014.
	Subject to stockholder approval of the Company’s 2014 Incentive Compensation Plan, the Company’s board of directors made a grant of restricted stock units (“RSUs”) to each non-executive director. Such RSUs represent a number of shares of the common stock equal to $100,000, divided by the closing sales price of the common stock on the date of grant, rounded to the nearest whole share. One-third of the RSUs are scheduled to vest on the one year anniversary of the grant date, and an additional 8.33% of the RSUs are scheduled to vest every three calendar months thereafter, subject to stockholder approval of the 2014 Incentive Compensation Plan.
	During the three months ended March 31, 2014, the Board of Directors also approved a grant of RSUs to three employees of the Company valued at $1.2 million in the aggregate on the grant dates under the 2014 Incentive Compensation Plan, subject to shareholders approval. The RSU grant vest over a three year period, with one-third of the RSUs vesting on the one year anniversary of the grant date, and the remaining vesting at the rate of 8.33% every three calendar months thereafter.
	The Company did not recognize any compensation expenses related to the RSU grants under the 2014 Incentive Compensation Plan because both the plan and the RSU grants are subject to stockholders approval.
	As of March 31, 2014, the remaining number of shares available for issuance under the 2013 Global Share Option Plan is 611,360.
	During the three months ended March 31, 2014, no options were granted, exercised or cancelled. A total of $0.3 million of stock-based compensation expense was recorded in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations for the three months period ended March 31, 2014. The stock-based compensation expense was related to the amortization of the value of the options granted to certain employees, consultants, and members of the Board of Directors after the merger. No stock-based compensation expense was recorded for the three months period ended March 31, 2013.
	As of March 31, 2014, total compensation cost not yet recognized related to unvested stock options under the 2013 Option Plan was $1.6 million, which is expected to be recognized over a weighted-average period of 2 years.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	NOTE 6 – RELATED PARTY TRANSACTIONS
	In the course of business, the Company obtains legal services from a firm in which a member of the Company’s board is a partner. The Company incurred approximately $43,000 and $50,000 in legal fees to the firm during the three months ended March 31, 2014 and 2013 respectively. As of March 31, 2014 and December 31, 2013 the Company has balances due to this firm amounting to $19,804 and $15,000 respectively.

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	NOTE 7 – SEGMENT REPORTING
	Subsequent to the Merger on June 3, 2013 as described in Note 1, the Company has two operating segments, namely, a web and network security technology segment and an organic fertilizer segment. The Company’s operating segments are each reportable segments because their activities are not economically similar. Presented below are the revenues and net loss for each segment for the three months ended March 31, 2014 and 2013 (in thousands):
		Three Months
		Ended March 31,
		2014			2013
	Revenue:
	Web and network security technology	$	—		$	—
	Organic fertilizer		175			—
	Total Revenue	$	175		$	—
	Net Income (Loss):
	Web and network security technology	$	(1,792	)	$	(767	)
	Organic fertilizer		(211	)		—
	Net Loss	$	(2,003	)	$	(767	)
	Other Income:
	Web and network security technology	$	1,000		$	—
	Organic fertilizer		12			—
	Total Other Income	$	1,012		$	—
	Interest income:
	Web and network security technology	$	68		$	80
	Organic fertilizer		—			—
	Total Interest Income:	$	68		$	80
	Depreciation and Amortization:
	Web and network security technology	$	3		$	—
	Organic fertilizer		129			—
	Total Depreciation and Amortization:	$	132		$	—
	As of March 31, 2014, total assets held by the web and network security technology segment and organic fertilizer segment were $26 million and $0.9 million, respectively.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Contingencies	'
	NOTE 8 – CONTINGENCIES
	Finjan filed a patent infringement lawsuit against FireEye, Inc. in the United States District Court for the Northern District of California on July 8, 2013, asserting that FireEye, Inc. is infringing U.S. Patent Nos. 6,804,780, 8,079,086, 7,975,305, 8,225,408, 7,058,822, 7,647,633 and 6,154,844 patents. There can be no assurance that the Company will be successful in settling or litigating these claims.
	Finjan filed a patent infringement lawsuit against Blue Coat Systems, Inc., in the United States District Court for the Northern District of California on August 28, 2013, asserting that Blue Coat Systems, Inc. is infringing U.S. Patent Nos. 6,154,844, 6,804,780, 6,965,968, 7,058,822, 7,418,731, and 7,647,633. There can be no assurance that the Company will be successful in settling or litigating these claims.
	Finjan filed a patent infringement lawsuit against Websense, Inc. in the United States District Court for the Northern District of California on September 23, 2013, asserting that Websense, Inc. is infringing U.S. Patent Nos. 7,058,822, 7,647,633, 8,141,154, and 8,225,408. Finjan filed a separate suit against Websense, Inc. in the United States District Court for the Northern District of California on March 24, 2014, asserting that Websense, Inc. is infringing U.S. Patent No. 8,677,494. There can be no assurance that the Company will be successful in settling or litigating these claims.
	Finjan appealed a District Court Decision in a prior patent case with defendants Sophos, Inc., Websense, Inc., and Symantec Corp. where there was a finding of no liability for U.S. Patent Nos. 6,092,194 and 6,480,962. The Appeal Brief was filed on December 10, 2013, at the Court of Appeals for the Federal Circuit and the case is pending. There is no assurance that the Company will be successful with its oral arguments in front of the Court.
	Finjan filed a patent infringement lawsuit against Proofpoint, Inc. et al. in the United States District Court for the Northern District of California on December 16, 2013, asserting that Proofpoint, Inc. et al. is infringing U.S. Patent Nos. 6,154,844, 7,058,822, 7,613,918, 7,647,633, 7,975,305, 8,079,086, 8,141,154, and 8,225,408. There can be no assurance that the Company will be successful in settling or litigating these claims.
	Finjan filed a patent infringement lawsuit against Sophos, Inc. in the United States District Court for the Northern District of California on March 14, 2014, asserting that Sophos, Inc. is infringing U.S. Patent Nos. 6,154,844, 6,804,780, 7,613,918, 7,613,926, 7,757,289, 8,141,154, 8,566,580, 8,677,494. There can be no assurance that the Company will be successful in settling or litigating these claims.
	The Company is not currently aware of any litigations filed against the Company, or counterclaims asserted against the Company that could result in any material impact to the financial statements as at March 31, 2014.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	NOTE 9 – SUBSEQUENT EVENTS
	On May 5, 2014, the Company received confirmation that its application to list the Company’s common stock on The NASDAQ Capital Market has been approved by NASDAQ. The Company’s common stock will trade on The NASDAQ Capital Market under its current symbol “FNJN”.

The_Company_and_Summary_of_Sig1

The Company and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	BASIS OF PRESENTATION
	These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission, or “SEC”, for interim reporting. As permitted under those rules, certain footnotes and other financial information that are normally required by U.S. GAAP, can be condensed or omitted. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto of the Company for the year ended December 31, 2013 which were included in the Annual Report on Form 10-K filed by the Company on March 14, 2014.
	In the opinion of management, these condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and notes thereto of the Company and include all adjustments, consisting only of normal recurring adjustments, considered necessary for the fair presentation of the Company’s financial position and operating results. The results for the three months ended March 31, 2014 and 2013 are not necessarily indicative of the operating results for the year ending December 31, 2014, for any other interim period or for any future period.
Use of Estimates	'
	USE OF ESTIMATES
	The preparation of financial statements in conformity with U.S. 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. On an ongoing basis, the Company evaluates its estimates, including those related to stock-based compensation expense, impairment of intangible assets, the determination of the economic useful life of property and equipment and intangible assets, income taxes and valuation allowances against net deferred tax assets, and the application of the acquisition method of accounting for business combinations. Management bases its estimates on historical experience or on various other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates.
Principles of Consolidation	'
	PRINCIPLES OF CONSOLIDATION
	The accompanying condensed consolidated financial statements include the accounts of Finjan Holdings and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Concentrations Of Credit Risk	'
	CONCENTRATIONS OF CREDIT RISK
	The Company maintains its cash and cash equivalents in financial institutions located in the United States. At times, the Company’s cash and cash equivalent balances may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company has not experienced any losses in such accounts. As of March 31, 2014 and December 31, 2013, substantially all of the company’s cash and cash equivalents are uninsured.
	During the three months ended March 31, 2014 approximately 12%, 22% and 29% of the revenues generated by the company were from three customers. The Company did not have revenue during the comparable period in 2013.
Net Income (Loss) per Common Share	'
	NET INCOME (LOSS) PER COMMON SHARE
	Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common share outstanding and potentially dilutive common shares outstanding.
	Potentially dilutive common shares from employee equity plans and warrants are determined by applying the treasury stock method to the assumed exercise of warrants and share options and are excluded from the computation of diluted net loss per share because their inclusion would be anti-dilutive and consist of the following:
			March 31,		December 31,
			2014		2013
	Options			1,625,476		1,625,476
	Warrants*			—		—
	Total			1,625,476		1,625,476
	*	Warrants are currently exercisable for less than one share of common stock, and therefore anti-dilutive, as a result of the 1-for-10 reverse stock split that the Company effected on November 8, 2011, the 1-for-500 reverse stock split that the Company effected on March 5, 2012, the 1-for-500 reverse stock split that the Company effected on June 3, 2013 and the 1-for-12 reverse stock split the Company effected on August 22, 2013. The warrants are subject to further adjustments in the future, which may have the effect of increasing or decreasing the exercise price and the number of shares issuable upon exercise of the warrants.
Recently Issued Accounting Pronouncements Not Yet Adopted	'
	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED
	The Company has determined there are no new accounting standards that are expected to have a material impact on the Company’s condensed consolidated financial statements.
Subsequent Events	'
	SUBSEQUENT EVENTS
	Management has evaluated subsequent events or transactions occurring through the date on which the financial statements were issued. See note 9.

The_Company_and_Summary_of_Sig2

The Company and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Summary of Components Excluded from Computation of Diluted Net Loss Per Share	'
	Potentially dilutive common shares from employee equity plans and warrants are determined by applying the treasury stock method to the assumed exercise of warrants and share options and are excluded from the computation of diluted net loss per share because their inclusion would be anti-dilutive and consist of the following:
			March 31,		December 31,
			2014		2013
	Options			1,625,476		1,625,476
	Warrants*			—		—
	Total			1,625,476		1,625,476
	*	Warrants are currently exercisable for less than one share of common stock, and therefore anti-dilutive, as a result of the 1-for-10 reverse stock split that the Company effected on November 8, 2011, the 1-for-500 reverse stock split that the Company effected on March 5, 2012, the 1-for-500 reverse stock split that the Company effected on June 3, 2013 and the 1-for-12 reverse stock split the Company effected on August 22, 2013. The warrants are subject to further adjustments in the future, which may have the effect of increasing or decreasing the exercise price and the number of shares issuable upon exercise of the warrants.

ProForma_Financial_Information1

Pro-Forma Financial Information (Tables)	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
Pro Forma Information from Operation	'
	The unaudited pro forma results do not reflect operating efficiencies or potential cost savings which may be implemented after the Merger:
		Three Months
		Ended
		March 31,
		(In thousands,
		except share and
		per share data)
		2013
	Revenue	$	400
	Net loss	$	(2,453	)
	Net loss per common share, basic and diluted	$	(0.12	)
	Weighted average shares outstanding:
	Basic and diluted		20,590,596

Balance_Sheet_Components_Table

Balance Sheet Components (Tables)	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
Components of Inventory	'
	The components of inventory were as follows:
		March 31,		December 31,
		2014		2013
		(In thousands)
	Raw materials	$	36	$	13
	Finished goods		25		21
	Inventory	$	61	$	34
Components of Accrued Expenses	'
	The components of accrued expenses were as follows:
		March 31,		December 31,
		2014		2013
		(In thousands)
	Legal	$	396	$	238
	Compensation		180		78
	Professional fees		—		20
	Other		15		—
	Accrued expenses	$	591	$	336

Commitments_Tables

Commitments (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Operating Leases	'
	The following table sets forth the Company’s aggregate future minimum payments under its operating lease commitments as of March 31, 2014 (in thousands):
	Year ending December 31,
	2014	$	312
	2015		445
	2016		457
	2017		448
	2018		127
		$	1,789

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Weighted-average Black-Scholes Option Pricing Model Assumptions	'
	The Company estimates the fair values of stock options using the Black-Scholes option-pricing model. For the three months ended March 31, 2014, the assumptions used in the Black-Scholes option pricing model were as follows:
		Employee			Non-Employee
		Grants			Grants
	Weighted-average grant date fair value	$	1.44		$	1.44
	Weighted-average Black-Scholes option pricing model assumptions:
	Volatility		50.6	%		55.6	%
	Expected term (in years)		6			10
	Risk-free rate		1	%		2.9	%
	Expected dividend yield		0	%		0	%
	Forfeiture rate		0	%		0	%

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Revenues and Net Loss for Each Segment	'
	The Company’s operating segments are each reportable segments because their activities are not economically similar. Presented below are the revenues and net loss for each segment for the three months ended March 31, 2014 and 2013 (in thousands):
		Three Months
		Ended March 31,
		2014			2013
	Revenue:
	Web and network security technology	$	—		$	—
	Organic fertilizer		175			—
	Total Revenue	$	175		$	—
	Net Income (Loss):
	Web and network security technology	$	(1,792	)	$	(767	)
	Organic fertilizer		(211	)		—
	Net Loss	$	(2,003	)	$	(767	)
	Other Income:
	Web and network security technology	$	1,000		$	—
	Organic fertilizer		12			—
	Total Other Income	$	1,012		$	—
	Interest income:
	Web and network security technology	$	68		$	80
	Organic fertilizer		—			—
	Total Interest Income:	$	68		$	80
	Depreciation and Amortization:
	Web and network security technology	$	3		$	—
	Organic fertilizer		129			—
	Total Depreciation and Amortization:	$	132		$	—

The_Company_and_Summary_of_Sig3

The Company and Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
	Segment
Business Acquisition [Line Items]	'
Number of reportable segments	2
Effective date of Merger Agreement	3-Jun-13
Revenue [Member]	'
Business Acquisition [Line Items]	'
Number of customers	3
Customer One [Member] | Revenue [Member]	'
Business Acquisition [Line Items]	'
Concentration risk percentage	12.00%
Customer Two [Member] | Revenue [Member]	'
Business Acquisition [Line Items]	'
Concentration risk percentage	22.00%
Customer Three [Member] | Revenue [Member]	'
Business Acquisition [Line Items]	'
Concentration risk percentage	29.00%

The_Company_and_Summary_of_Sig4

The Company and Summary of Significant Accounting Policies - Summary of Components Excluded from Computation of Diluted Net Loss Per Share (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
Dilutive securities	1,625,476	1,625,476
Options [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Antidilutive securities	1,625,476	1,625,476
Warrants [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Antidilutive securities	'	'

The_Company_and_Summary_of_Sig5

The Company and Summary of Significant Accounting Policies - Summary of Components Excluded from Computation of Diluted Net Loss Per Share (Parenthetical) (Detail)	0 Months Ended				3 Months Ended
	Aug. 22, 2013	Jun. 03, 2013	Mar. 05, 2012	Nov. 08, 2011	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
					November 8, 2011 [Member]	March 5, 2012 [Member]	June 3, 2013 [Member]	August 22, 2013 [Member]
Finite-Lived Intangible Assets [Line Items]	'	'	'	'	'	'	'	'
Reverse stock split	'	'	'	'	'1-for-10	'1-for-500	'1-for-500	'1-for-12
Reverse stock split ratio	0.083	0.002	0.002	0.1	'	'	'	'

ProForma_Financial_Information2

Pro-Forma Financial Information - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Business Combinations [Abstract]	'	'
Merger completion date	3-Jun-13	'
Increase in depreciation and amortization expense	'	$3,000

ProForma_Financial_Information3

Pro-Forma Financial Information - Pro Forma Information from Operation (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2013
Business Combinations [Abstract]	'
Revenue	$400
Net Loss	($2,453)
Net loss per common share, basic and diluted	($0.12)
Weighted average shares outstanding:	'
Basic and diluted	20,590,596

Balance_Sheet_Components_Compo

Balance Sheet Components - Components of Inventory (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Raw materials	$36	$13
Finished goods	25	21
Inventory	$61	$34

Balance_Sheet_Components_Compo1

Balance Sheet Components - Components of Accrued Expenses (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Payables And Accruals [Abstract]	'	'
Legal	$396	$238
Compensation	180	78
Professional fees	'	20
Other	15	'
Accrued expenses	$591	$336

Commitments_Additional_Informa

Commitments - Additional Information (Detail) (USD $)	3 Months Ended				3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Nov. 21, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
			Venture Capital Fund [Member]	Venture Capital Fund [Member]	Venture Capital Fund [Member]	Production Facility [Member]	Corporate Headquarters [Member]
					Maximum [Member]
Lease Rental Expenses [Line Items]	'	'	'	'	'	'	'
Minimum annual rent	'	'	'	'	'	$125,202	'
Amount of monthly installments of rent	'	'	'	'	'	10,433	11,579
Percentage of annual rental rate increase	3.00%	'	'	'	'	3.00%	2.50%
Operating lease expiration	'	'	'	'	'	31-Jan-18	'
Term of lease period	'	'	'	'	'	'	'5 years
Initial annual rent	164,619	'	'	'	'	'	138,952
Sublease agreement date	10-Mar-14	'	'	'	'	'	'
Sublease agreement, description	'From the commencement date through November 30, 2017, the Company owes an initial annual rent of $164,619, payable in equal monthly installments, unless earlier terminated by either party in accordance with the lease.	'	'	'	'	'	'
Deferred rent payable	31,994	'	'	'	'	'	'
Rent expense	75,054	0	'	'	'	'	'
Capital commitment outstanding	'	'	4,500,000	'	'	'	'
Limited partnership interest percentage	'	'	'	'	10.00%	'	'
Commitment to invest	'	'	'	$5,000,000	'	'	'

Commitments_Operating_Leases_D

Commitments - Operating Leases (Detail) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Leases [Abstract]	'
2014	$312
2015	445
2016	457
2017	448
2018	127
Total	$1,789

StockBased_Compensation_Weight

Stock-Based Compensation - Weighted-average Black-Scholes Option Pricing Model Assumptions (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014
Employee Grants [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Weighted-average grant date fair value	$1.44
Weighted-average Black-Scholes option pricing model assumptions:	'
Volatility	50.60%
Expected term (in years)	'6 years
Risk-free rate	1.00%
Expected dividend yield	0.00%
Forfeiture rate	0.00%
Non-Employee Grants [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Weighted-average grant date fair value	$1.44
Weighted-average Black-Scholes option pricing model assumptions:	'
Volatility	55.60%
Expected term (in years)	'10 years
Risk-free rate	2.90%
Expected dividend yield	0.00%
Forfeiture rate	0.00%

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Dividend yield percent	0.00%	'
Dividends to be paid in foreseeable future	'	'
Vesting description	'Subject to stockholder approval of the Company's 2014 Incentive Compensation Plan, the Company's board of directors made a grant of restricted stock units ("RSUs") to each non-executive director. Such RSUs represent a number of shares of the common stock equal to $100,000, divided by the closing sales price of the common stock on the date of grant, rounded to the nearest whole share.	'
Vesting rate	8.33%	'
Grant fair value	1.2	'
Vesting period	'3 years	'
Terms of grant	'The RSU grant vest over a three year period, with one-third of the RSUs vesting on the one year anniversary of the grant date, and the remaining vesting at the rate of 8.33% every three calendar months thereafter.	'
Options granted	0	'
Options exercised	0	'
Options cancelled	0	'
Stock-based compensation expense	0.3	0
2013 Global Share Option Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of remaining shares available for issuance	611,360	'
Unvested Stock Options [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Compensation cost not yet recognized	$1.60	'
Compensation cost expected to be recognized over a weighted-average period	'2 years	'

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transactions [Abstract]	'	'
Legal fees	$43,000	$50,000
Amounts due to the firm	$19,804	$15,000

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jun. 03, 2013	Mar. 31, 2014	Dec. 31, 2013
	Segment
Segment Reporting, Asset Reconciling Item [Line Items]	'	'	'
Number of operating segments	2	'	'
Assets	'	$26,915	$27,947
Web and Network Security Technology [Member]	'	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'	'
Assets	'	26,000	'
Organic Fertilizer [Member]	'	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'	'
Assets	'	$900	'

Segment_Reporting_Schedule_of_

Segment Reporting - Schedule of Revenues and Net Loss for Each Segment (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Revenue	$175	'
Net Income (Loss)	-2,003	-767
Other Income	1,012	'
Interest Income	68	80
Depreciation and Amortization	132	'
Web and Network Security Technology [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	'	'
Net Income (Loss)	-1,792	-767
Other Income	1,000	'
Interest Income	68	80
Depreciation and Amortization	3	'
Organic Fertilizer [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	175	'
Net Income (Loss)	-211	'
Other Income	12	'
Interest Income	'	'
Depreciation and Amortization	$129	'