2024 Q3 Form 10-Q Financial Statement

#000121390024064071 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $351.5K $89.88K
YoY Change 170.35% -74.32%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $351.5K $89.88K
YoY Change 170.35% -74.32%
Operating Profit -$351.4K -$89.88K
YoY Change 175.81% -74.53%
Interest Expense $116.4K $417.8K
YoY Change -74.13% -29.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$235.0K $327.9K
YoY Change -173.45% 36.64%
Income Tax $22.61K $84.44K
% Of Pretax Income 25.75%
Net Earnings -$257.7K $98.81K
YoY Change -201.73% -34.91%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.11 $0.02
COMMON SHARES
Basic Shares Outstanding 4.553M shares 4.553M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.7K $27.70K
YoY Change -99.65% -99.95%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $165.0K $0.00
YoY Change -8.34% -100.0%
Inventory
Prepaid Expenses $20.25K
Receivables
Other Receivables
Total Short-Term Assets $274.6K $27.70K
YoY Change -99.13% -99.95%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.110M $32.49M
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $9.110M $32.49M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $274.6K $27.70K
Total Long-Term Assets $9.110M $32.49M
Total Assets $9.384M $32.52M
YoY Change -70.16% -42.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $384.0K $85.77K
YoY Change 91.99% -61.01%
Accrued Expenses $22.30K $29.29K
YoY Change -25.67% 192.9%
Deferred Revenue
YoY Change
Short-Term Debt $1.650M $1.419M
YoY Change 117.06% 491.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.706M $2.231M
YoY Change -33.48% -31.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.526M $2.526M
YoY Change
Total Long-Term Liabilities $2.526M $2.526M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.706M $2.231M
Total Long-Term Liabilities $2.526M $2.526M
Total Liabilities $5.232M $4.756M
YoY Change 28.61% 47.1%
SHAREHOLDERS EQUITY
Retained Earnings -$4.957M -$4.729M
YoY Change 27.81% -1618.23%
Common Stock $163.00 $163.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.957M -$4.729M
YoY Change
Total Liabilities & Shareholders Equity $9.384M $32.52M
YoY Change -70.16% -42.19%

Cashflow Statement

Concept 2024 Q3 2024 Q1
OPERATING ACTIVITIES
Net Income -$257.7K $98.81K
YoY Change -201.73% -34.91%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$130.8K -$140.2K
YoY Change 86.89% -48.68%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$80.00K -$114.4K
YoY Change -100.31% -1244.2%
Cash From Investing Activities -$80.00K -$114.4K
YoY Change -100.31% -974.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 109.0K $281.9K
YoY Change -100.42% 17.48%
NET CHANGE
Cash From Operating Activities -130.8K -$140.2K
Cash From Investing Activities -80.00K -$114.4K
Cash From Financing Activities 109.0K $281.9K
Net Change In Cash -101.8K $27.36K
YoY Change 69.7% -236.54%
FREE CASH FLOW
Cash From Operating Activities -$130.8K -$140.2K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing these unaudited financial statements in conformity with U.S. GAAP, the Company’s management makes 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 expenses during the reporting period.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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CY2024Q1 aqu Deferred Tax Assets Tax Amortization Of Startup Cost
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CY2023Q4 aqu Deferred Tax Assets Tax Amortization Of Startup Cost
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CY2024Q1 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
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CY2023Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
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CY2024Q1 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 aqu Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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CY2024Q1 us-gaap Net Income Loss
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98814 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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532235 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2024Q1 aqu Net Loss Including Accretion Of Common Stock To Redemption Value
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CY2023Q1 aqu Net Loss Including Accretion Of Common Stock To Redemption Value
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CY2024Q1 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Concentration of Credit Risk</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 March 31, 2024 and December 31, 2023, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</span></p>
CY2024Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2024Q1 aqu Common Stock Subject To Possible Redemption
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CY2022Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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CY2022Q4 us-gaap Sale Of Stock Price Per Share
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10
CY2022Q4 us-gaap Shares Issued Price Per Share
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CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 aqu Share Issued And Outstanding Percentage
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0.20 pure
CY2024Q1 aqu Subject To Certain Limited Exceptions Percentage
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CY2023Q2 us-gaap Increase Decrease In Due To Related Parties
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CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities
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CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
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CY2024Q1 us-gaap Related Party Transaction Amounts Of Transaction
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CY2024Q1 us-gaap Notes Issued1
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CY2024Q1 us-gaap Shortterm Debt Average Outstanding Amount
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CY2023 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
490000 usd
CY2024Q1 aqu Underwriters Option Period From The Date Of Initial Public Offering
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P45Y
CY2024Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
750000 shares
CY2024Q1 aqu Underwriter Cash Discount
UnderwriterCashDiscount
812577 usd
CY2024Q1 aqu Deferred Fee Per Unit
DeferredFeePerUnit
3.5
CY2024Q1 aqu Deferred Underwriting Commissions Payable
DeferredUnderwritingCommissionsPayable
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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
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1.15 pure
CY2024Q1 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
1000000000 usd
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q1 aqu Cash Deposited Into Trust Account
CashDepositedIntoTrustAccount
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CY2023Q1 aqu Proceeds From Promissory Note Bestpath
ProceedsFromPromissoryNoteBestpath
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CY2023Q1 aqu Other Payable Due To Related Party
OtherPayableDueToRelatedParty
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CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001861063

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0001213900-24-064071.txt Edgar Link pending
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aqu-20240331.xsd Edgar Link pending
ea0209762-10q_aquaron.htm Edgar Link pending
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