2023 Q1 Form 10-Q Financial Statement
#000149315223019137 Filed on May 25, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $1.552M | $797.4K |
YoY Change | 94.59% | |
Operating Profit | -$1.552M | -$797.4K |
YoY Change | 94.59% | |
Interest Expense | $1.190M | $3.637M |
YoY Change | -67.27% | |
% of Operating Profit | ||
Other Income/Expense, Net | $1.190M | $3.895M |
YoY Change | -69.44% | |
Pretax Income | -$361.4K | $3.098M |
YoY Change | -111.67% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$361.4K | $3.098M |
YoY Change | -111.67% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$0.02 | $122.4K |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.830K | $593.8K |
YoY Change | -98.34% | |
Cash & Equivalents | $9.828K | $593.8K |
Short-Term Investments | ||
Other Short-Term Assets | $254.6K | $503.6K |
YoY Change | -49.44% | |
Inventory | $4.850M | |
Prepaid Expenses | $254.6K | |
Receivables | $5.998M | |
Other Receivables | $6.383M | |
Total Short-Term Assets | $264.4K | $1.097M |
YoY Change | -75.9% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $742.0K | |
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $59.10M | $204.0M |
YoY Change | -71.03% | |
Other Assets | $772.0K | $165.0K |
YoY Change | 367.82% | |
Total Long-Term Assets | $59.10M | $204.2M |
YoY Change | -71.06% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $264.4K | $1.097M |
Total Long-Term Assets | $59.10M | $204.2M |
Total Assets | $59.36M | $205.3M |
YoY Change | -71.08% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $345.9K | $212.0K |
YoY Change | 63.13% | |
Accrued Expenses | $1.427M | $103.9K |
YoY Change | 1273.4% | |
Deferred Revenue | $7.714M | |
YoY Change | ||
Short-Term Debt | $225.0K | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $2.048M | $315.9K |
YoY Change | 548.17% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $7.738M | $9.214M |
YoY Change | -16.02% | |
Total Long-Term Liabilities | $7.738M | $9.214M |
YoY Change | -16.02% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.048M | $315.9K |
Total Long-Term Liabilities | $7.738M | $9.214M |
Total Liabilities | $9.786M | $9.530M |
YoY Change | 2.68% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$9.522M | |
YoY Change | ||
Common Stock | $2.000K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$9.521M | -$8.267M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $59.36M | $205.3M |
YoY Change | -71.08% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$361.4K | $3.098M |
YoY Change | -111.67% | |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$136.3K | -$747.2K |
YoY Change | -81.76% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $149.1M | -$204.0M |
YoY Change | -173.06% | |
Cash From Investing Activities | $149.1M | -$204.0M |
YoY Change | -173.06% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $149.3M | |
YoY Change | ||
Debt Paid & Issued, Net | $242.8K | |
YoY Change | ||
Cash From Financing Activities | -$149.1M | 205.3M |
YoY Change | -172.63% | |
NET CHANGE | ||
Cash From Operating Activities | -$136.3K | -747.2K |
Cash From Investing Activities | $149.1M | -204.0M |
Cash From Financing Activities | -$149.1M | 205.3M |
Net Change In Cash | -$181.3K | 528.4K |
YoY Change | -134.31% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$136.3K | -$747.2K |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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242801 | usd |
CY2022Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
406631 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
149322133 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-149097133 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
205295568 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-181275 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
528400 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
191103 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65373 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9828 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
593773 | usd |
CY2022Q1 | ATAK |
Initial Measurement Of Classa Ordinary Shares Subject To Possible Redemption
InitialMeasurementOfClassaOrdinarySharesSubjectToPossibleRedemption
|
174013413 | usd |
CY2022Q1 | ATAK |
Initial Measurement Of Public Warrants And Private Placement Warrants
InitialMeasurementOfPublicWarrantsAndPrivatePlacementWarrants
|
5780547 | usd |
CY2022Q1 | ATAK |
Deferred Underwriting Fee Payable
DeferredUnderwritingFeePayable
|
7070000 | usd |
CY2023Q1 | ATAK |
Remeasurement Of Class A Ordinary Shares Subject To Possible Redemption
RemeasurementOfClassAOrdinarySharesSubjectToPossibleRedemption
|
1538885 | usd |
CY2022Q1 | ATAK |
Remeasurement Of Class A Ordinary Shares Subject To Possible Redemption
RemeasurementOfClassAOrdinarySharesSubjectToPossibleRedemption
|
30006587 | usd |
CY2022Q1 | ATAK |
Forfeiture Of Representative Shares
ForfeitureOfRepresentativeShares
|
-70 | usd |
CY2022Q1 | ATAK |
Stock Issued During Period Representative Shares Issued Value Class A
StockIssuedDuringPeriodRepresentativeSharesIssuedValueClassA
|
30 | usd |
CY2022Q1 | ATAK |
Deferred Offering Costs Incurred Included In Accrued Offering Costs
DeferredOfferingCostsIncurredIncludedInAccruedOfferingCosts
|
103884 | usd |
CY2022Q1 | ATAK |
Overallotment Option Liability
OverallotmentOptionLiability
|
258440 | usd |
CY2022Q1 | ATAK |
Stock Issued During Period Representative Shares Issued Value
StockIssuedDuringPeriodRepresentativeSharesIssuedValue
|
3030000 | usd |
CY2022Q1 | ATAK |
Rights Underlying The Units Value
RightsUnderlyingTheUnitsValue
|
15596420 | usd |
CY2022Q1 | us-gaap |
Cash
Cash
|
1468333 | usd |
CY2023Q1 | us-gaap |
Deposits
Deposits
|
270000 | usd |
CY2023Q1 | ATAK |
Percentage Of Fair Market Value Of Target Business To Asset Held In Trust Account
PercentageOfFairMarketValueOfTargetBusinessToAssetHeldInTrustAccount
|
0.80 | pure |
CY2023Q1 | us-gaap |
Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
|
5000001 | usd |
CY2023Q1 | ATAK |
Business Combination Extension Of Business Combination Period
BusinessCombinationExtensionOfBusinessCombinationPeriod
|
extends the period of time to consummate the initial Business Combination up to six times, each by an additional one month (for a total of up to 24 months from the date of the Initial Public Offering to complete the Business Combination) | |
CY2023Q1 | ATAK |
Number Of Days Within Which Public Shares Shall Be Redeemed
NumberOfDaysWithinWhichPublicSharesShallBeRedeemed
|
P10D | |
CY2023Q1 | us-gaap |
Liquidation Basis Of Accounting Accrued Costs To Dispose Of Assets And Liabilities
LiquidationBasisOfAccountingAccruedCostsToDisposeOfAssetsAndLiabilities
|
50000 | usd |
CY2023Q1 | us-gaap |
Cash
Cash
|
9828 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
191103 | usd |
CY2023Q1 | ATAK |
Net Working Capital Surplus Deficit
NetWorkingCapitalSurplusDeficit
|
1783134 | usd |
CY2022Q4 | ATAK |
Net Working Capital Surplus Deficit
NetWorkingCapitalSurplusDeficit
|
38542 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_849_eus-gaap--UseOfEstimates_z0pprGy9rkx2" style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86C_zpMHMxszp8a">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed financial statements in conformity with U.S. GAAP requires the Company’s 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt; 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. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q1 | ATAK |
Percentage Of Public Shares To Be Redeemed In Case Business Combination Is Not Consummated
PercentageOfPublicSharesToBeRedeemedInCaseBusinessCombinationIsNotConsummated
|
1 | pure |
CY2022Q1 | ATAK |
Overallotment Option Liability
OverallotmentOptionLiability
|
258440 | usd |
CY2022Q1 | ATAK |
Stock Issued During Period Representative Shares Issued Value
StockIssuedDuringPeriodRepresentativeSharesIssuedValue
|
3030000 | usd |
CY2022Q1 | ATAK |
Rights Underlying The Units Value
RightsUnderlyingTheUnitsValue
|
15596420 | usd |
CY2023Q1 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
14529877 | shares |
CY2023Q1 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
149322133 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2023Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zbLqx4AnO6o8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86A_zjtbiJptjS2">Concentration of Credit Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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 $<span id="xdx_902_eus-gaap--CashFDICInsuredAmount_iI_c20230331_zsrig3n3soK9" title="Federal depository insurance coverage">250,000</span>. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
26670000 | shares |
CY2023Q1 | ATAK |
Minimum Lock In Period For Transfer Assign Or Sell Warrants After Completion Of Ipo
MinimumLockInPeriodForTransferAssignOrSellWarrantsAfterCompletionOfIpo
|
P30D | |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
668000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
589420 | usd |