Voltari Corp (VLTC) 10-K Annual Report March 2019

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Mar. 05, 2019	Jun. 29, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Voltari Corp
Trading Symbol	VLTC
Entity Central Index Key	0001568319
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		8,994,814
Entity Public Float			$ 4,200,000
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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Inside Voltari Corp's 10-K Annual Report:

Financial - Shares Highlight
Recent Developments On December 7, 2018, High River Limited Partnership (High River), an entity affiliated with Mr. Carl C. Icahn, our controlling stockholder, and its affiliates (collectively with High River, the Icahn Affiliates) beneficial owners of approximately 52.7% of our outstanding shares of common stock and approximately 98.0% of our outstanding shares of 13% Redeemable Series J Preferred Stock, made an offer to purchase the remaining shares of the Companys common stock in a merger transaction for $0.58 per share in cash (the Offer).

Financial - Shares Highlight
On February 19, 2019, the Icahn Affiliates increased their offer to $0.68 per share in cash, on February 25, 2019, they increased their offer to $0.80 per share in cash, and on March 5, 2019, they further increased their offer to $0.86 per share in cash, each subject to the same conditions as set forth in the original offer letter.
Financial - Cash Flow Highlight
Our principal sources of liquidity as of December 31, 2018 consisted of cash and cash equivalents of $0.6 million, our positive cash flow from operations, and our ability to borrow on our Koala loan.
Other - Other Highlight
Depreciation is computed using the straight-line method over the estimated useful lives of up to 43 years for buildings, 15 years for land improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests.
Other - Other Highlight
The increase of $0.8 million reflects: $ 0.2 million of cash provided by operating activities; $17.5 million increase in our borrowings, offset by $16.9 million used for the purchase of real estate.
M & A - Other
Acquisition and transaction related For...Read more
Financial - Earnings
If a transaction is approved...Read more
Financial - Shares
Accordingly, our Series J preferred...Read more
Other - Other
The difference between the carrying...Read more
Other - Other
Because of our history of...Read more
Other - Other
Because of our history of...Read more
Financial - Expense
If necessary, we may need...Read more
Financial - Expense
Any financing (or subsequent refinancing)...Read more
Revenue - Product
Our critical accounting policies and...Read more
Other - Other
Improvements and replacements are capitalized...Read more
Other - Other
Under our Amended Note, effective...Read more
Revenue - Product
The preparation of our financial...Read more
Financial - Dividend
Holders of the Series J...Read more
Other - Other
We cannot assure that any...Read more
M & A - Other
The Amended Note provides that...Read more
Financial - Shares
Redeemable preferred stock and common...Read more
Financial - Dividend
Dividends declared on the Series...Read more
M & A - Other
As of December 31, 2018,...Read more
Financial - Cash Flow
Although there are inherent uncertainties...Read more
Financial - Expense
The value of in-place leases,...Read more
Financial - Expense
Estimates related to the allocated...Read more
Other - Other
Significant future changes in these...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Voltari Corp provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidiaries Of The Registrant

Exhibit 31.1: Certification Pursuant To Rule 13A-14(A)/15D-14(A) Certifications Section 302 Of

Exhibit 31.2: Certification Pursuant To Rule 13A-14(A)/15D-14(A) Certifications Section 302 Of

Exhibit 32.1: Certificate Pursuant To Section 18 U.S.C. Pursuant To Section 906 Of The Sarbane

Exhibit 32.2: Certificate Pursuant To Section 18 U.S.C. Pursuant To Section 906 Of The Sarbane

Ticker: VLTC
CIK: 1568319
Form Type: 10-K Annual Report
Accession Number: 0001654954-19-002431
Submitted to the SEC: Thu Mar 07 2019 1:34:06 PM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: Real Estate