2024 Q3 Form 10-Q Financial Statement

#000192998024000358 Filed on August 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $0.00 $130.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $444.5K $238.0K $130.0K
YoY Change 74.21% 83.08%
Operating Profit -$444.5K -$238.0K -$129.4K
YoY Change 74.22% 83.89%
Interest Expense $444.2K $789.8K $0.00
YoY Change -39.82%
% of Operating Profit
Other Income/Expense, Net $1.540M
YoY Change
Pretax Income -$320.00 $551.8K -$130.0K
YoY Change -100.07% -524.47%
Income Tax
% Of Pretax Income
Net Earnings -$323.00 $551.8K -$129.3K
YoY Change -100.07% -526.85%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.07 -$0.09
COMMON SHARES
Basic Shares Outstanding 4.941M shares 7.762M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.8K $54.47K $680.0K
YoY Change -39.24% -91.99%
Cash & Equivalents $215.8K $54.47K $681.6K
Short-Term Investments
Other Short-Term Assets $44.42K $76.83K $120.0K
YoY Change -65.17% -35.98%
Inventory
Prepaid Expenses $44.42K $76.83K
Receivables
Other Receivables
Total Short-Term Assets $260.2K $131.3K $800.0K
YoY Change -46.09% -83.59%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.15M $61.46M $58.36M
YoY Change -45.61% 5.3%
Other Assets
YoY Change
Total Long-Term Assets $32.15M $61.46M $58.36M
YoY Change -45.61% 5.3%
TOTAL ASSETS
Total Short-Term Assets $260.2K $131.3K $800.0K
Total Long-Term Assets $32.15M $61.46M $58.36M
Total Assets $32.41M $61.59M $59.16M
YoY Change -45.61% 4.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.4K $199.0K $140.0K
YoY Change 43.09% 42.15%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $133.0K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.336M $362.5K $150.0K
YoY Change 725.69% 141.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.150M $1.150M $1.150M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $1.150M $1.150M $1.150M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.336M $362.5K $150.0K
Total Long-Term Liabilities $1.150M $1.150M $1.150M
Total Liabilities $2.486M $1.513M $1.300M
YoY Change 89.51% 16.35%
SHAREHOLDERS EQUITY
Retained Earnings -$2.226M -$1.381M -$147.5K
YoY Change 836.65%
Common Stock $202.00 $202.00 $202.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.226M -$1.381M $9.747M
YoY Change
Total Liabilities & Shareholders Equity $32.41M $61.59M $59.16M
YoY Change -45.61% 4.09%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$323.00 $551.8K -$129.3K
YoY Change -100.07% -526.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$401.7K -$110.1K -$180.0K
YoY Change 24.89% -38.86%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $29.75M $0.00 -$58.36M
YoY Change -1190242.0% -100.0%
Cash From Investing Activities $29.75M $0.00 -$58.36M
YoY Change -1190242.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.19M 133.0K 59.13M
YoY Change 3891973.33% -99.78%
NET CHANGE
Cash From Operating Activities -401.7K -110.1K -180.0K
Cash From Investing Activities 29.75M 0.000 -58.36M
Cash From Financing Activities -29.19M 133.0K 59.13M
Net Change In Cash 161.3K 22.95K 590.0K
YoY Change -149.65% -96.11%
FREE CASH FLOW
Cash From Operating Activities -$401.7K -$110.1K -$180.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">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 revenues and expenses during the reporting period.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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>
us-gaap Concentration Risk Credit Risk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 Coverage 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 accounts. </p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Furthermore, bank failures, non-performance, or other adverse developments that affect financial institutions could impair the ability of one or more of the banks participating in the credit facility from honoring their commitments. Such events could have a material adverse effect on the Company’s financial condition or results of operations.</p>
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
681631 usd
bukit Non Cash Deferred Offering Costs Included In Accrued Expenses
NonCashDeferredOfferingCostsIncludedInAccruedExpenses
0 usd
bukit Non Cash Deferred Offering Costs Included In Accrued Expenses
NonCashDeferredOfferingCostsIncludedInAccruedExpenses
134285 usd
bukit Noncashdeferred Offering Costs Paid By Promissory Note
NoncashdeferredOfferingCostsPaidByPromissoryNote
7147 usd
bukit Noncashdeferred Underwriters Discount
NoncashdeferredUnderwritersDiscount
0 usd
bukit Noncashdeferred Underwriters Discount
NoncashdeferredUnderwritersDiscount
1150000 usd
bukit Non Cash Representative Shares Issued
NonCashRepresentativeSharesIssued
817500 usd
bukit Non Cash Allocation Of Offering Costs To Ordinary Shares Subject To Redemption
NonCashAllocationOfOfferingCostsToOrdinarySharesSubjectToRedemption
0 usd
bukit Non Cash Allocation Of Offering Costs To Ordinary Shares Subject To Redemption
NonCashAllocationOfOfferingCostsToOrdinarySharesSubjectToRedemption
4236160 usd
bukit Noncashaccretion Of Ordinary Shares Subject To Redemption Value
NoncashaccretionOfOrdinarySharesSubjectToRedemptionValue
6928300 usd
bukit Noncashaccretion Of Ordinary Shares Subject To Redemption Value
NoncashaccretionOfOrdinarySharesSubjectToRedemptionValue
0 usd
CY2024Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2011807 shares

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bukit-20240630.xsd Edgar Link pending
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