2023 Q4 Form 10-Q Financial Statement

#000121390023086702 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $109.0K $130.0K $0.00
YoY Change -48.1%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $109.0K $130.0K $0.00
YoY Change -48.1%
Operating Profit -$127.4K -$121.00
YoY Change 105209.92%
Interest Expense $418.6K $450.0K
YoY Change -4.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $309.6K $320.0K $0.00
YoY Change 40.74%
Income Tax $27.88K $91.92K
% Of Pretax Income 9.0% 28.73%
Net Earnings $281.8K $253.3K -$121.00
YoY Change 65.74% -209409.92% -31.64%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.03 $0.06 $0.00
COMMON SHARES
Basic Shares Outstanding 4.553M shares 4.553M shares 1.250M shares
Diluted Shares Outstanding 1.250M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $340.00 $31.26M $20.00K
YoY Change -100.0% 156208.28% -60.0%
Cash & Equivalents $15.98K
Short-Term Investments $31.26M
Other Short-Term Assets $2.190K $180.0K $500.0K
YoY Change -99.0% -64.0% 163.16%
Inventory
Prepaid Expenses $2.188K $70.85K
Receivables
Other Receivables
Total Short-Term Assets $2.527K $31.45M $510.0K
YoY Change -100.0% 6066.86% 112.5%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $31.96M
YoY Change
Other Assets $144.7K
YoY Change
Total Long-Term Assets $32.10M $0.00 $4.989K
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $2.527K $31.45M $510.0K
Total Long-Term Assets $32.10M $0.00 $4.989K
Total Assets $32.11M $31.45M $515.0K
YoY Change -42.36% 6007.12% 114.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.1K $200.0K
YoY Change 6.46%
Accrued Expenses $18.50K $30.00K $201.7K
YoY Change 85.0% -85.12% 908.38%
Deferred Revenue
YoY Change
Short-Term Debt $1.040M $760.0K $300.0K
YoY Change 153.33% 50.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.917M $4.068M $501.7K
YoY Change -32.29% 710.85% 128.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.526M
YoY Change
Total Long-Term Liabilities $2.526M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.917M $4.068M $501.7K
Total Long-Term Liabilities $2.526M $0.00 $0.00
Total Liabilities $4.443M $4.068M $501.7K
YoY Change 56.94% 710.85% 128.03%
SHAREHOLDERS EQUITY
Retained Earnings -$4.296M -$3.879M -$11.69K
YoY Change -2790.22% 33087.76%
Common Stock $163.00 $163.00 $144.00
YoY Change 0.0% 13.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.295M -$3.878M $13.31K
YoY Change
Total Liabilities & Shareholders Equity $32.11M $31.45M $515.0K
YoY Change -42.36% 6007.12% 114.58%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $281.8K $253.3K -$121.00
YoY Change 65.74% -209409.92% -31.64%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$103.2K -$70.00K $50.00K
YoY Change -63.15% -240.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$277.0K $25.74M
YoY Change -99.5%
Cash From Investing Activities -$277.0K $25.74M
YoY Change -99.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 373.3K -25.73M -60.00K
YoY Change -99.33% 42783.33% -14.29%
NET CHANGE
Cash From Operating Activities -103.2K -70.00K 50.00K
Cash From Investing Activities -277.0K 25.74M
Cash From Financing Activities 373.3K -25.73M -60.00K
Net Change In Cash -6.940K -60.00K -10.00K
YoY Change -113.88% 500.0% -85.71%
FREE CASH FLOW
Cash From Operating Activities -$103.2K -$70.00K $50.00K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
253265 usd
CY2022Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-121 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
716172 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
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CY2023Q3 aqu Accretion Of Common Stock To Redemption Value
AccretionOfCommonStockToRedemptionValue
675207 usd
aqu Accretion Of Common Stock To Redemption Value
AccretionOfCommonStockToRedemptionValue
9633966 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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CY2022Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-121 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-8917794 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-7291 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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">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. As of September 30, 2023 and December 31, 2022, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p>
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd
aqu Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
9633966 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
54171800 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
6446444 usd
CY2022 aqu Allocation Of Offering Costs Related To Redeemable Shares
AllocationOfOfferingCostsRelatedToRedeemableShares
-3714253 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
3560360 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
47571463 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
9633966 usd
us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
25943774 usd
CY2023Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
31261655 usd
CY2022Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
5000000 shares
CY2022Q4 us-gaap Share Price
SharePrice
10
CY2022Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
4171800 usd
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10
CY2021Q2 aqu Aggregate Price
AggregatePrice
25000 usd
CY2021Q2 aqu Share Issued And Outstanding Percentage
ShareIssuedAndOutstandingPercentage
0.20 pure
aqu Subject To Certain Limited Exceptions Percentage
SubjectToCertainLimitedExceptionsPercentage
0.50 pure
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
200000 usd
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
100000 usd
CY2023Q2 us-gaap Capital Units
CapitalUnits
99846 usd
CY2023Q2 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
99846 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
0 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
99846 usd
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.33
us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
210000 usd
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
0 usd
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
750000 shares
us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
812577 usd
aqu Gross Proceeds
GrossProceeds
1896013 usd
CY2022Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
100 usd
CY2022Q4 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
97509 shares
CY2022Q4 us-gaap Percentage Of Weighted Average Cost Inventory
PercentageOfWeightedAverageCostInventory
1.15 pure
CY2023Q3 us-gaap Marketable Securities
MarketableSecurities
31261655 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
55421229 usd
CY2023Q4 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
210000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
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CY2022Q4 aqu Exercise Tax Payables
ExerciseTaxPayables
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CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2022Q3 us-gaap Franchisor Costs
FranchisorCosts
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us-gaap Franchisor Costs
FranchisorCosts
usd
CY2022Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
usd
us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
usd
us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
usd
aqu Cash Deposited Into Trust Account
CashDepositedIntoTrustAccount
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us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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aqu Deferred Offering Costs In Accrued Offering Expenses
DeferredOfferingCostsInAccruedOfferingExpenses
usd
aqu Accretion Of Common Stock To Redemption Valuetwo
AccretionOfCommonStockToRedemptionValuetwo
usd
aqu Exercise Tax Payable Charged Against Retained Earnings
ExerciseTaxPayableChargedAgainstRetainedEarnings
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
aqu Other Payable Due To Related Party
OtherPayableDueToRelatedParty
usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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

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aqu-20230930.xsd Edgar Link pending
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