2022 Q4 Form 10-Q Financial Statement
#000121390022073475 Filed on November 17, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $100.00 | ||
YoY Change | |||
Gross Profit | -$100.00 | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $210.0K | $0.00 | $10.00K |
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $210.0K | $0.00 | $10.00K |
YoY Change | |||
Operating Profit | -$210.1K | -$121.00 | -$5.027K |
YoY Change | |||
Interest Expense | $440.0K | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $220.0K | $0.00 | -$10.00K |
YoY Change | |||
Income Tax | $50.00K | ||
% Of Pretax Income | 22.73% | ||
Net Earnings | $170.0K | -$121.00 | -$5.027K |
YoY Change | -31.64% | 2874.56% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.02 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 7.040M shares | 1.250M shares | |
Diluted Shares Outstanding | 1.250M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $55.48M | $20.00K | $30.00K |
YoY Change | 277292.57% | -60.0% | -75.0% |
Cash & Equivalents | $57.28K | $15.98K | $34.51K |
Short-Term Investments | $55.42M | ||
Other Short-Term Assets | $220.0K | $500.0K | $280.0K |
YoY Change | -12.0% | 163.16% | 154.55% |
Inventory | |||
Prepaid Expenses | $222.3K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $55.70M | $510.0K | $310.0K |
YoY Change | 20618.65% | 112.5% | 40.91% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $4.989K | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $55.70M | $510.0K | $310.0K |
Total Long-Term Assets | $0.00 | $4.989K | $0.00 |
Total Assets | $55.70M | $515.0K | $310.0K |
YoY Change | 20618.65% | 114.58% | 40.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $140.0K | $0.00 | |
YoY Change | 180.0% | ||
Accrued Expenses | $10.00K | $201.7K | |
YoY Change | -79.14% | 908.38% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $300.0K | $300.0K |
YoY Change | -100.0% | 50.0% | 50.0% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.831M | $501.7K | $300.0K |
YoY Change | 1040.29% | 128.03% | 50.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.831M | $501.7K | $300.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $2.831M | $501.7K | $300.0K |
YoY Change | 1040.29% | 128.03% | 50.0% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $159.7K | -$11.69K | |
YoY Change | -3732.21% | ||
Common Stock | $163.00 | $144.00 | |
YoY Change | 13.19% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | 5.000M shares | ||
Shareholders Equity | $5.299M | $13.31K | $13.43K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $55.70M | $515.0K | $310.0K |
YoY Change | 20618.65% | 114.58% | 40.91% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $170.0K | -$121.00 | -$5.027K |
YoY Change | -31.64% | 2874.56% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$280.0K | $50.00K | -$60.00K |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$54.98M | ||
YoY Change | |||
Cash From Investing Activities | -$54.98M | ||
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 | 55.31M | -60.00K | -30.00K |
YoY Change | -184466.67% | -14.29% | -125.0% |
NET CHANGE | |||
Cash From Operating Activities | -280.0K | 50.00K | -60.00K |
Cash From Investing Activities | -54.98M | ||
Cash From Financing Activities | 55.31M | -60.00K | -30.00K |
Net Change In Cash | 50.00K | -10.00K | -90.00K |
YoY Change | -266.67% | -85.71% | -175.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$280.0K | $50.00K | -$60.00K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
AQUARON ACQUISITION CORP. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity File Number
EntityFileNumber
|
001-41470 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
86-2760193 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
515 Madison Avenue | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
8th Floor | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
New York | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
10022 | ||
dei |
City Area Code
CityAreaCode
|
(646) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
970 2181 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, par value $0.0001 | ||
dei |
Trading Symbol
TradingSymbol
|
AQU | ||
dei |
Security Exchange Name
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|
NASDAQ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
No | ||
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Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
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Entity Small Business
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true | ||
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Entity Emerging Growth Company
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true | ||
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Entity Ex Transition Period
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false | ||
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Entity Shell Company
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true | ||
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Entity Common Stock Shares Outstanding
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7040240 | shares |
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Cash
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15975 | usd |
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Cash
Cash
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Deferred Offering Costs
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Assets
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Accrued Liabilities Current
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Liabilities Current
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248240 | usd |
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Common Stock Par Or Stated Value Per Share
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0.0001 | |
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Common Stock Value
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Additional Paid In Capital
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24856 | usd |
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Stockholders Equity
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Weighted Average Number Of Shares Outstanding Basic
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Earnings Per Share Basic
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Stockholders Equity
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Deferred Offering Costs In Accrued Offering Expenses
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Deferred Offering Costs In Accrued Offering Expenses
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Stock Repurchased During Period Shares
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|
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Finite Lived Intangible Assets Net
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Taxes Payable Current And Noncurrent
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Capital Units
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Line Of Credit Facility Periodic Payment
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Notes Payable Related Parties Noncurrent
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires the Company’s 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 expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | ||
CY2021Q2 | aqu |
Aggregate Price
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25000 | usd |
CY2021Q2 | aqu |
Share Issued And Outstanding Percentage
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Subject To Certain Limited Exceptions Percentage
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0.50 | pure | |
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Cash
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us-gaap |
Deferred Policy Acquisition Costs Text Block1
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Deferred Offering Costs</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred offering costs consist of legal, underwriting fees and other costs incurred through the balance sheet date that are directly related to the IPO and that will be charged to stockholders’ equity upon the completion of the IPO. Should the IPO prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be charged to operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | ||
us-gaap |
Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentration of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts as of September 30, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
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250000 | usd | |
us-gaap |
Shortterm Debt Average Outstanding Amount
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|
300000 | usd | |
us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
750000 | shares | |
us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
750000 | usd | |
aqu |
Gross Proceeds
GrossProceeds
|
1750000 | usd | |
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Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
50000 | shares | |
CY2022Q3 | us-gaap |
Common Stock Other Shares Outstanding
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|
10000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Holders of the common stock are entitled to one vote for each share | ||
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1437500 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1437500 | shares |
us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
187500 | shares | |
aqu |
Initial Stockholders Percentage
InitialStockholdersPercentage
|
0.20 | pure | |
CY2022Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
usd | |
CY2022Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1250000 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1250000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1250000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1250000 | shares | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.000 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.000 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.003 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.006 | ||
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
aqu |
Reimbursement Of Formation Costs Paid By Related Party
ReimbursementOfFormationCostsPaidByRelatedParty
|
usd | ||
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001861063 |