2021 Q3 Form 10-Q Financial Statement
#000114036121037683 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.616M | $942.5K |
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $1.616M | $942.5K |
| YoY Change | ||
| Operating Profit | -$1.616M | -$942.5K |
| YoY Change | ||
| Interest Expense | $7.250K | $1.890K |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $6.561M | $2.573M |
| YoY Change | ||
| Pretax Income | $4.953M | $1.631M |
| YoY Change | ||
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | 0.0% |
| Net Earnings | $4.953M | $1.631M |
| YoY Change | ||
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $137.8K | $45.37K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $379.3K | $871.5K |
| YoY Change | ||
| Cash & Equivalents | $379.3K | $871.5K |
| Short-Term Investments | ||
| Other Short-Term Assets | $701.3K | $1.021M |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | $1.021M | |
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $1.081M | $1.892M |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $287.5M | $287.5M |
| YoY Change | ||
| Other Assets | $0.00 | $0.00 |
| YoY Change | ||
| Total Long-Term Assets | $287.5M | $287.5M |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.081M | $1.892M |
| Total Long-Term Assets | $287.5M | $287.5M |
| Total Assets | $288.6M | $289.4M |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.386M | $126.9K |
| YoY Change | ||
| Accrued Expenses | $0.00 | $0.00 |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.386M | $126.9K |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $22.96M | $28.16M |
| YoY Change | ||
| Total Long-Term Liabilities | $22.96M | $28.16M |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.386M | $126.9K |
| Total Long-Term Liabilities | $22.96M | $28.16M |
| Total Liabilities | $24.34M | $28.29M |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$28.79M | |
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $264.3M | -$26.40M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $288.6M | $289.4M |
| YoY Change |
Cashflow Statement
| Concept | 2021 Q3 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.953M | $1.631M |
| YoY Change | ||
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$194.4K | -$1.078M |
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$287.5M |
| YoY Change | ||
| Cash From Investing Activities | $0.00 | -$287.5M |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | 289.4M |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -194.4K | -1.078M |
| Cash From Investing Activities | 0.000 | -287.5M |
| Cash From Financing Activities | 0.000 | 289.4M |
| Net Change In Cash | -194.4K | 849.6K |
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$194.4K | -$1.078M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2021 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001835972 | ||
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2021Q3 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.00 | |
| CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1615840 | |
| CY2021Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
28750000 | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3013121 | ||
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28276 | |
| CY2021Q1 | arrw |
Redeemable Ordinary Shares Accretion To Redemption Value
RedeemableOrdinarySharesAccretionToRedemptionValue
|
-28713942 | |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1630620 | |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-26395046 | |
| CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1805013 | |
| CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-28200059 | |
| arrw |
Deferred Underwriting Fee Charged
DeferredUnderwritingFeeCharged
|
10062500 | ||
| CY2021Q3 | us-gaap |
Cash
Cash
|
379336 | |
| CY2021Q3 | arrw |
Working Capital
WorkingCapital
|
287516386 | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
16386 | ||
| CY2021Q3 | arrw |
Net Tangible Assets Threshold For Redeeming Public Shares
NetTangibleAssetsThresholdForRedeemingPublicShares
|
5000001 | |
| CY2021Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
287500000 | |
| CY2021Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
0 | |
| CY2021Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-28786407 | |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-28785688 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | ||
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
| us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div><span style="font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-variant: normal; text-transform: none;">Concentration of Credit Risk</span></div> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-variant: normal; text-transform: none;"><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-variant: normal; text-transform: none;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such account.</div> | ||
| arrw |
Threshold Consecutive Trading Days
ThresholdConsecutiveTradingDays
|
P30D | ||
| arrw |
Period To Exercise Warrants After Business Combination
PeriodToExerciseWarrantsAfterBusinessCombination
|
P30D | ||
| arrw |
Period To Exercise Warrants After Closing Of Initial Public Offering
PeriodToExerciseWarrantsAfterClosingOfInitialPublicOffering
|
P12M | ||
| CY2021Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
| arrw |
Period To File Registration Statement After Initial Business Combination
PeriodToFileRegistrationStatementAfterInitialBusinessCombination
|
P15D | ||
| arrw |
Period For Registration Statement To Become Effective
PeriodForRegistrationStatementToBecomeEffective
|
P60D | ||
| CY2021Q3 | arrw |
Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
|
0.01 | |
| arrw |
Notice Period To Redeem Warrants
NoticePeriodToRedeemWarrants
|
P30D | ||
| arrw |
Threshold Trading Days
ThresholdTradingDays
|
P20D | ||
| CY2021Q3 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 |
