2022 Q2 Form 10-Q Financial Statement
#000119312522220093 Filed on August 12, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
Revenue | $691.0K | $2.110M | $2.772M |
YoY Change | -36.2% | 1375.52% | |
Cost Of Revenue | $2.081M | $3.149M | $7.101M |
YoY Change | 11.4% | 177.2% | |
Gross Profit | -$1.390M | -$1.039M | -$4.329M |
YoY Change | 77.07% | 4.63% | |
Gross Profit Margin | -201.16% | -49.24% | -156.17% |
Selling, General & Admin | $2.320M | $1.502M | $4.844M |
YoY Change | 178.51% | 188.29% | |
% of Gross Profit | |||
Research & Development | $451.0K | $369.0K | $1.450M |
YoY Change | 47.87% | 6.65% | |
% of Gross Profit | |||
Depreciation & Amortization | $390.0K | $334.0K | $814.0K |
YoY Change | 25.4% | 5.7% | |
% of Gross Profit | |||
Operating Expenses | $2.771M | $1.871M | $6.294M |
YoY Change | 143.5% | 115.8% | |
Operating Profit | -$1.672M | -$114.4K | -$10.62M |
YoY Change | 16448.7% | 343.05% | |
Interest Expense | $7.000K | $0.00 | $0.00 |
YoY Change | 250.0% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | $4.553M | -$141.4K | -$16.00K |
YoY Change | -75979.23% | 1920.44% | |
Pretax Income | -$4.154M | -$2.878M | -$9.896M |
YoY Change | 250.84% | 53.99% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $2.881M | -$255.8K | -$9.896M |
YoY Change | -28619.14% | 890.76% | |
Net Earnings / Revenue | 416.93% | -12.12% | -357.0% |
Basic Earnings Per Share | -$0.06 | -$0.04 | |
Diluted Earnings Per Share | -$49.35K | -$34.19K | -$117.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 65.78M shares | 65.77M shares | |
Diluted Shares Outstanding | 65.78M shares | 65.77M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.243M | $8.616M | |
YoY Change | |||
Cash & Equivalents | $1.966M | $2.651M | $77.15K |
Short-Term Investments | |||
Other Short-Term Assets | $1.697M | $1.287M | |
YoY Change | |||
Inventory | $329.0K | $339.0K | $500.0K |
Prepaid Expenses | $223.4K | $350.0K | |
Receivables | $490.0K | $471.0K | $262.0K |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $2.190M | $3.001M | $77.15K |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.559M | $6.866M | $4.210M |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.478M | $89.00K | $0.00 |
YoY Change | |||
Total Long-Term Assets | $230.4M | $230.0M | $307.2K |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $2.190M | $3.001M | $77.15K |
Total Long-Term Assets | $230.4M | $230.0M | $307.2K |
Total Assets | $232.6M | $233.0M | $384.4K |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $29.67K | $71.14K | $63.63K |
YoY Change | |||
Accrued Expenses | $1.154M | $149.1K | $155.1K |
YoY Change | |||
Deferred Revenue | $2.363M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.184M | $220.2K | $418.7K |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $3.056M | $3.068M | |
YoY Change | |||
Total Long-Term Liabilities | $3.056M | $3.068M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.184M | $220.2K | $418.7K |
Total Long-Term Liabilities | $3.056M | $3.068M | |
Total Liabilities | $20.74M | $24.07M | $418.7K |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$18.35M | -$21.04M | -$59.31K |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$18.35M | -$21.04M | -$34.31K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $232.6M | $233.0M | $384.4K |
YoY Change |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.881M | -$255.8K | -$9.896M |
YoY Change | -28619.14% | 890.76% | |
Depreciation, Depletion And Amortization | $390.0K | $334.0K | $814.0K |
YoY Change | 25.4% | 5.7% | |
Cash From Operating Activities | -$2.449M | -$413.5K | -$3.328M |
YoY Change | 82.08% | -87.63% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$160.0K | -$34.00K | -$351.0K |
YoY Change | -19.19% | -43.33% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$160.0K | -$230.0M | -$351.0K |
YoY Change | -19.19% | 383233.33% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -431.0K | 233.0M | 15.12M |
YoY Change | -127.23% | 6726.47% | |
NET CHANGE | |||
Cash From Operating Activities | -2.449M | -413.5K | -3.328M |
Cash From Investing Activities | -160.0K | -230.0M | -351.0K |
Cash From Financing Activities | -431.0K | 233.0M | 15.12M |
Net Change In Cash | -3.040M | 2.574M | 11.44M |
YoY Change | -7700.0% | 25638.25% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.449M | -$413.5K | -$3.328M |
Capital Expenditures | -$160.0K | -$34.00K | -$351.0K |
Free Cash Flow | -$2.289M | -$379.5K | -$2.977M |
YoY Change | 99.56% | -88.44% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001899287 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
KENSINGTON CAPITAL ACQUISITION CORP. IV | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
E9 | ||
dei |
Entity File Number
EntityFileNumber
|
001-41314 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-1591811 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1400 Old Country Road | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 301 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Westbury | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
11590 | ||
dei |
City Area Code
CityAreaCode
|
703 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
674-6514 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
true | ||
CY2022Q2 | us-gaap |
Cash
Cash
|
1966389 | |
CY2021Q4 | us-gaap |
Cash
Cash
|
77151 | |
CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
223380 | |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
2189769 | |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
77151 | |
CY2022Q2 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
108333 | |
CY2022Q2 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
230294899 | |
CY2021Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
307243 | |
CY2022Q2 | us-gaap |
Assets
Assets
|
232593001 | |
CY2021Q4 | us-gaap |
Assets
Assets
|
384394 | |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
29673 | |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
63628 | |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1154373 | |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
155077 | |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
200000 | |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1184046 | |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
418705 | |
CY2022Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
11310000 | |
CY2022Q2 | kcac |
Deferred Underwriting Commissions Noncurrent
DeferredUnderwritingCommissionsNoncurrent
|
8050000 | |
CY2022Q2 | kcac |
Working Capital Loan Related Party Noncurrent
WorkingCapitalLoanRelatedPartyNoncurrent
|
200000 | |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
20744046 | |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
418705 | |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2022Q2 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
230194899 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2022Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
24014 | |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-18346930 | |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-59311 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18345944 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-34311 | |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
232593001 | |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
384394 | |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1611750 | |
CY2021Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10102 | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1706154 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
35924 | ||
CY2022Q2 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
60000 | |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
80000 | ||
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1671750 | |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10102 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1786154 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-35924 | ||
CY2022Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-4290000 | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-4680000 | ||
CY2022Q2 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
262416 | |
us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
294965 | ||
CY2022Q2 | kcac |
Offering Costs Associated With Derivative Warrant Liabilities
OfferingCostsAssociatedWithDerivativeWarrantLiabilities
|
-338 | |
kcac |
Offering Costs Associated With Derivative Warrant Liabilities
OfferingCostsAssociatedWithDerivativeWarrantLiabilities
|
563642 | ||
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4552754 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4411323 | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2881004 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10102 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2625169 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35924 | ||
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-34311 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
1440000 | |
CY2022Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
22186565 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-255835 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-21036711 | |
CY2022Q2 | kcac |
Offering Costs Allocated To Class A Ordinary Shares Subject To Possible Redemption
OfferingCostsAllocatedToClassAOrdinarySharesSubjectToPossibleRedemption
|
4662 | |
CY2022Q2 | us-gaap |
Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
|
194899 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2881004 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18345944 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
0 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
25000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-25822 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-822 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10102 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10924 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2625169 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35924 | ||
kcac |
General And Administrative Expenses Paid By Related Party In Exchange For Issuance Of Class B Ordinary Shares
GeneralAndAdministrativeExpensesPaidByRelatedPartyInExchangeForIssuanceOfClassBOrdinaryShares
|
25000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-4680000 | ||
kcac |
Offering Costs Associated With Derivative Warrant Liabilities
OfferingCostsAssociatedWithDerivativeWarrantLiabilities
|
563642 | ||
kcac |
Income From Investments Held In Trust Account
IncomeFromInvestmentsHeldInTrustAccount
|
294899 | ||
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
331713 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
16045 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
10924 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1124689 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-977067 | ||
us-gaap |
Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
|
230000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-230000000 | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
230000000 | ||
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
8000000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
5133695 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
232866305 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1889238 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
77151 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1966389 | |
kcac |
Offering Costs Included In Accounts Payable
OfferingCostsIncludedInAccountsPayable
|
25000 | ||
kcac |
Offering Costs Included In Accrued Expenses
OfferingCostsIncludedInAccruedExpenses
|
39266 | ||
kcac |
Deferred Underwriting Compensation
DeferredUnderwritingCompensation
|
8050000 | ||
kcac |
Remeasurement Of Classa Ordinary Shares Subject To Possible Redemption
RemeasurementOfClassaOrdinarySharesSubjectToPossibleRedemption
|
194899 | ||
kcac |
Restricted Investments Term
RestrictedInvestmentsTerm
|
P185D | ||
CY2022Q2 | kcac |
Percentage Of Public Shares To Be Redeemed On Non Completion Of Business Combination
PercentageOfPublicSharesToBeRedeemedOnNonCompletionOfBusinessCombination
|
1 | |
kcac |
Lock In Period For Redemption Of Public Shares After Closing Of Ipo
LockInPeriodForRedemptionOfPublicSharesAfterClosingOfIpo
|
P24M | ||
kcac |
Dissolution Expense
DissolutionExpense
|
100000 | ||
kcac |
Minimum Share Price Of The Residual Assets Remaining Available For Distribution
MinimumSharePriceOfTheResidualAssetsRemainingAvailableForDistribution
|
10 | ||
CY2022Q2 | us-gaap |
Cash
Cash
|
2000000 | |
CY2022Q2 | kcac |
Working Capital Deficit
WorkingCapitalDeficit
|
1000000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Use of Estimates </div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. </div></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Concentration of Credit Risk </div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">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. As of June 30, 2022 and December 31, 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. </div></div> | ||
CY2021Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2022Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2022Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2021Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2022Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2022Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2021Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
0 | |
CY2022Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
0 | |
kcac |
Underwriting Discount Paid Per Unit
UnderwritingDiscountPaidPerUnit
|
0.2 | ||
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
4600000 | ||
kcac |
Deferred Underwriting Commission Per Unit
DeferredUnderwritingCommissionPerUnit
|
0.35 | ||
CY2022Q2 | kcac |
Deferred Underwriting Commissions Noncurrent
DeferredUnderwritingCommissionsNoncurrent
|
8100000 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2022Q1 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
3135 |