2024 Q4 Form 10-Q Financial Statement

#000192998024000548 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $0.00
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $444.5K
YoY Change 74.21%
Operating Profit -$444.5K
YoY Change 74.22%
Interest Expense $444.2K
YoY Change -39.82%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$320.00
YoY Change -100.07%
Income Tax
% Of Pretax Income
Net Earnings -$323.00
YoY Change -100.07%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 4.941M shares 4.941M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.8K
YoY Change -39.24%
Cash & Equivalents $215.8K
Short-Term Investments
Other Short-Term Assets $44.42K
YoY Change -65.17%
Inventory
Prepaid Expenses $44.42K
Receivables
Other Receivables
Total Short-Term Assets $260.2K
YoY Change -46.09%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.15M
YoY Change -45.61%
Other Assets
YoY Change
Total Long-Term Assets $32.15M
YoY Change -45.61%
TOTAL ASSETS
Total Short-Term Assets $260.2K
Total Long-Term Assets $32.15M
Total Assets $32.41M
YoY Change -45.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.4K
YoY Change 43.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $400.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.336M
YoY Change 725.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.150M
YoY Change 0.0%
Total Long-Term Liabilities $1.150M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.336M
Total Long-Term Liabilities $1.150M
Total Liabilities $2.486M
YoY Change 89.51%
SHAREHOLDERS EQUITY
Retained Earnings -$2.226M
YoY Change
Common Stock $202.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.226M
YoY Change
Total Liabilities & Shareholders Equity $32.41M
YoY Change -45.61%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$323.00
YoY Change -100.07%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$401.7K
YoY Change 24.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $29.75M
YoY Change -1190242.0%
Cash From Investing Activities $29.75M
YoY Change -1190242.0%
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
YoY Change 3891973.33%
NET CHANGE
Cash From Operating Activities -401.7K
Cash From Investing Activities 29.75M
Cash From Financing Activities -29.19M
Net Change In Cash 161.3K
YoY Change -149.65%
FREE CASH FLOW
Cash From Operating Activities -$401.7K
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Profit Loss
ProfitLoss
-354026 usd
bukit Dividend Income On Investments Held In Trust
DividendIncomeOnInvestmentsHeldInTrust
-2015165 usd
bukit Dividend Income On Investments Held In Trust
DividendIncomeOnInvestmentsHeldInTrust
-735583 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
125350 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
0 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-70278 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-57267 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
127525 usd
bukit Increase Decrease In Due To Related Party Payable
IncreaseDecreaseInDueToRelatedPartyPayable
-8152 usd
bukit Increase Decrease In Due To Related Party Payable
IncreaseDecreaseInDueToRelatedPartyPayable
0 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
90509 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-118185 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-775597 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-431639 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
58362500 usd
bukit Proceeds From Sale Of Investments In The Trust Account
ProceedsFromSaleOfInvestmentsInTheTrustAccount
30153550 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
bukit Monthly Extension Fee Deposited Into Trust Account
MonthlyExtensionFeeDepositedIntoTrustAccount
-400000 usd
bukit Monthly Extension Fee Deposited Into Trust Account
MonthlyExtensionFeeDepositedIntoTrustAccount
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
29753550 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58362500 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
55487500 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
4243070 usd
bukit Ordinary Shares Redemption
OrdinarySharesRedemption
30153550 usd
bukit Ordinary Shares Redemption
OrdinarySharesRedemption
0 usd
bukit Proceeds From Issuance Of Extension Related Party Debt
ProceedsFromIssuanceOfExtensionRelatedPartyDebt
400000 usd
bukit Proceeds From Issuance Of Extension Related Party Debt
ProceedsFromIssuanceOfExtensionRelatedPartyDebt
168135 usd
bukit Repayments Ofissuance Of Related Party Debt
RepaymentsOfissuanceOFRelatedPartyDebt
0 usd
bukit Repayments Ofissuance Of Related Party Debt
RepaymentsOfissuanceOFRelatedPartyDebt
433508 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
696000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15438 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
331388 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29057550 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59149247 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-79597 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
355108 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295372 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215775 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355108 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
209285 usd
bukit Noncashdeferred Offering Costs Paid By Promissory Note
NoncashdeferredOfferingCostsPaidByPromissoryNote
0 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 Reclassification Of Ordinary Shares Subject To Redemption
ReclassificationOfOrdinarySharesSubjectToRedemption
52350300 usd
bukit Non Cash Representative Shares Issued
NonCashRepresentativeSharesIssued
0 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 Accretion Of Ordinary Shares Subject To Redemption Value
AccretionOfOrdinarySharesSubjectToRedemptionValue
7772500 usd
bukit Accretion Of Ordinary Shares Subject To Redemption Value
AccretionOfOrdinarySharesSubjectToRedemptionValue
3108561 usd
us-gaap Use Of Estimates
UseOfEstimates
<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; text-align:justify;"> </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>
CY2024Q3 bukit Accumulated Accretion Of Ordinary Shares Subject To Redemption Value
AccumulatedAccretionOfOrdinarySharesSubjectToRedemptionValue
10248360 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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; text-align:justify;"> </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>
bukit Redemptions
Redemptions
-30153550 usd
bukit Monthly Extension Fees Deposited
MonthlyExtensionFeesDeposited
400000 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
400000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
bukit Description Registration Rights
DescriptionRegistrationRights
the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (1) in the case of the insider shares, (i) with respect to 50% of the insider shares, until the earlier to occur of six months after the date of the consummation of the Company’s initial Business Combination and the date on which the closing price of ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination and (2) with respect to the remaining 50% of the insider shares, six months after the date of the consummation of the Company’s initial Business Combination, or earlier, in either case, if, subsequent to the Company’s initial Business Combination, the Company consummates a liquidation, merger, share exchange or other similar transaction which results in all of its shareholders having the right to exchange their shares for cash, securities or other property, and (2) in the case of the Private Placement Units and the securities underlying such units, until the completion of the Company’s initial Business Combination
CY2023Q4 bukit Common Stock Share Issued
CommonStockShareIssued
2011807 shares
CY2024Q3 bukit Common Stock Share Issued
CommonStockShareIssued
2929515 shares

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