2023 Q4 Form 10-K Financial Statement
#000121390024028020 Filed on March 29, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.202M | $3.560M | |
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $1.202M | $65.00K | $238.7K |
YoY Change | 403.59% | -94.13% | -13.27% |
Operating Profit | -$3.560M | ||
YoY Change | 221.71% | ||
Interest Expense | $565.7K | $3.026M | $2.623M |
YoY Change | -78.43% | -32.36% | 43037.01% |
% of Operating Profit | |||
Other Income/Expense, Net | $142.2K | $3.200M | $243.3K |
YoY Change | -41.56% | -77.12% | -66.45% |
Pretax Income | -$494.3K | -$360.5K | $2.627M |
YoY Change | -118.81% | -102.8% | 475.98% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$494.3K | -$360.5K | $2.627M |
YoY Change | -118.81% | -102.8% | 475.98% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.02 | -$0.03 | $0.07 |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.540K | $3.540K | $37.74K |
YoY Change | -90.62% | -90.62% | -83.11% |
Cash & Equivalents | $3.541K | $37.74K | |
Short-Term Investments | |||
Other Short-Term Assets | $33.41K | $33.41K | $33.45K |
YoY Change | -0.12% | -0.12% | -91.74% |
Inventory | |||
Prepaid Expenses | $33.41K | $33.45K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $36.95K | $36.95K | $71.20K |
YoY Change | -48.1% | -48.1% | -88.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $49.86M | $49.86M | $314.5M |
YoY Change | -84.15% | -84.15% | 1.44% |
Other Assets | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Assets | $49.86M | $49.86M | $314.5M |
YoY Change | -84.15% | -84.15% | 1.43% |
TOTAL ASSETS | |||
Total Short-Term Assets | $36.95K | $36.95K | $71.20K |
Total Long-Term Assets | $49.86M | $49.86M | $314.5M |
Total Assets | $49.89M | $49.89M | $314.6M |
YoY Change | -84.14% | -84.14% | 1.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $3.081M | $3.081M | $974.0K |
YoY Change | 216.29% | 216.29% | 37.3% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.358M | $3.358M | $258.8K |
YoY Change | 1197.71% | 1197.71% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $6.559M | $6.559M | $1.233M |
YoY Change | 432.04% | 432.04% | 73.78% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $11.15M | $11.15M | $11.32M |
YoY Change | -1.53% | -1.53% | -45.64% |
Total Long-Term Liabilities | $11.15M | $11.15M | $11.32M |
YoY Change | -1.53% | -1.53% | -45.64% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.559M | $6.559M | $1.233M |
Total Long-Term Liabilities | $11.15M | $11.15M | $11.32M |
Total Liabilities | $17.71M | $17.71M | $12.56M |
YoY Change | 41.03% | 41.03% | -41.71% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$17.67M | -$12.49M | |
YoY Change | 41.54% | -40.1% | |
Common Stock | $1.162M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$17.67M | $32.19M | -$12.49M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $49.89M | $49.89M | $314.6M |
YoY Change | -84.14% | -84.14% | 1.25% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$494.3K | -$360.5K | $2.627M |
YoY Change | -118.81% | -102.8% | 475.98% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$332.7K | -$1.334M | -$80.83K |
YoY Change | 311.6% | 200.09% | -68.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$450.0K | $267.7M | $0.00 |
YoY Change | |||
Cash From Investing Activities | -$450.0K | $267.7M | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $269.5M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 785.0K | -$266.4M | 0.000 |
YoY Change | -103039.3% | ||
NET CHANGE | |||
Cash From Operating Activities | -332.7K | -$1.334M | -80.83K |
Cash From Investing Activities | -450.0K | $267.7M | 0.000 |
Cash From Financing Activities | 785.0K | -$266.4M | 0.000 |
Net Change In Cash | 2.300K | -$34.20K | -80.83K |
YoY Change | -102.85% | -81.58% | -68.97% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$332.7K | -$1.334M | -$80.83K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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|
3390914 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The preparation of financial statements in conformity with U.S. 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 expenses during the reporting period. Accordingly, actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">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. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability and convertible promissory notes. Such estimates may be subject to change as more current information becomes available and, accordingly, the actual results could differ significantly from those estimates.</p> | |
CY2023Q4 | csta |
Proceeds From Cash Withdrawn From Trust Account In Connection With Redemption
ProceedsFromCashWithdrawnFromTrustAccountInConnectionWithRedemption
|
269485746 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>Concentration of Credit Risk</b> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts and a Trust Account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage of $250,000. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition.</p> | |
CY2023 | us-gaap |
Insurance Commissions
InsuranceCommissions
|
250000 | usd |
CY2023Q4 | csta |
Transaction Costs
TransactionCosts
|
17586741 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
4493843 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
31000000 | shares |
CY2021Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
310000000 | usd |
CY2022 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
4517268 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
314517268 | usd |
CY2023 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
269485746 | usd |
CY2023 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
4826074 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
49857596 | usd |
CY2021Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
31000000 | shares |
CY2021Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10 | |
CY2023Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023 | us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
In addition, if (x) the Company issues additional Class A Ordinary Shares or equity linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A Ordinary Share (with such issue price or effective issue price to be determined in good faith by the Board and, in the case of any such issuance to the initial shareholders or their affiliates, without taking into account any Founder Shares held by the initial shareholders or such affiliates, as applicable, prior to such issuance including any transfer or reissuance of such shares (the “Newly Issued Price”)), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest, available for the funding of the initial Business Combination, and (z) the volume-weighted average trading price of the Class A Ordinary Shares during the ten (10) trading day period starting on the trading day after the day on which the Company consummates the initial Business Combination is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the market value and the Newly Issued Price, and the $10.00 and $18.00 per share redemption trigger prices adjacent to “Redemption of warrants for Class A Ordinary Shares when the price per Class A Ordinary Share equals or exceeds $10.00.” and “Redemption of warrants for Class A Ordinary Shares when the price per Class A Ordinary Share equals or exceeds $18.00.” will be adjusted (to the nearest cent) to be equal to 100% and 180% of the higher of the market value and the Newly Issued Price, respectively. | |
CY2023Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10 | |
CY2023Q4 | csta |
Warrants Price Per Shares
WarrantsPricePerShares
|
0.1 | |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10 | |
CY2023Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
18 | |
CY2023 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
1125000 | shares |
CY2021Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
250000 | shares |
CY2021Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
875000 | shares |
CY2023 | csta |
Initial Business Combination
InitialBusinessCombination
|
P1Y | |
CY2020Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1300 | usd |
CY2021Q1 | csta |
Additional Debt Instrument Of Face Amount
AdditionalDebtInstrumentOfFaceAmount
|
88540 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
|
89840 | usd |
CY2021Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
699999 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
258780 | usd |
CY2023 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
227208 | usd |
CY2022 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
258780 | usd |
CY2021Q1 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
10000 | usd |
CY2023 | csta |
Working Capital Loans
WorkingCapitalLoans
|
1500000 | usd |
CY2023 | csta |
Price Paid Per Warrant
PricePaidPerWarrant
|
1.5 | |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
230000 | usd |
CY2023 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
150000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
|
450000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
|
1270000 | usd |
CY2023Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3131000 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
0 | usd |
CY2023 | csta |
Deferred Underwriting Fees Payable
DeferredUnderwritingFeesPayable
|
10850000 | usd |
CY2023Q1 | us-gaap |
Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
|
3000000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | csta |
Ordinary Shares Outstanding Percentage
OrdinarySharesOutstandingPercentage
|
0.20 | pure |
CY2023Q4 | us-gaap |
Deposit Assets
DepositAssets
|
55000 | usd |
CY2023Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
26415545 | usd |
CY2023Q4 | us-gaap |
Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
|
55000 | usd |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
usd | |
CY2022 | us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
usd | |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001834032 |