2024 Q2 Form 10-Q Financial Statement
#000119312524200695 Filed on August 14, 2024
Income Statement
Concept | 2024 Q2 |
---|---|
Revenue | $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 | $424.0K |
YoY Change | 69.61% |
Operating Profit | -$424.0K |
YoY Change | 67.51% |
Interest Expense | $737.3K |
YoY Change | -12.22% |
% of Operating Profit | |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $313.3K |
YoY Change | -46.64% |
Income Tax | $146.7K |
% Of Pretax Income | 46.81% |
Net Earnings | $166.7K |
YoY Change | -63.22% |
Net Earnings / Revenue | |
Basic Earnings Per Share | |
Diluted Earnings Per Share | $0.03 |
COMMON SHARES | |
Basic Shares Outstanding | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $860.00 |
YoY Change | -99.43% |
Cash & Equivalents | $862.00 |
Short-Term Investments | |
Other Short-Term Assets | $55.50K |
YoY Change | -7.5% |
Inventory | |
Prepaid Expenses | $55.50K |
Receivables | |
Other Receivables | |
Total Short-Term Assets | $56.36K |
YoY Change | -72.66% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | |
YoY Change | |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | $29.41M |
YoY Change | -47.99% |
Other Assets | |
YoY Change | |
Total Long-Term Assets | $29.41M |
YoY Change | -48.0% |
TOTAL ASSETS | |
Total Short-Term Assets | $56.36K |
Total Long-Term Assets | $29.41M |
Total Assets | $29.47M |
YoY Change | -48.09% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $724.2K |
YoY Change | 193.49% |
Accrued Expenses | $399.4K |
YoY Change | 166.25% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $1.379M |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $3.016M |
YoY Change | 457.89% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $1.897M |
YoY Change | -0.14% |
Total Long-Term Liabilities | $1.897M |
YoY Change | -0.14% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $3.016M |
Total Long-Term Liabilities | $1.897M |
Total Liabilities | $4.913M |
YoY Change | 101.53% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$4.478M |
YoY Change | -1208.38% |
Common Stock | |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | -$4.478M |
YoY Change | |
Total Liabilities & Shareholders Equity | $29.47M |
YoY Change | -48.09% |
Cashflow Statement
Concept | 2024 Q2 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $166.7K |
YoY Change | -63.22% |
Depreciation, Depletion And Amortization | |
YoY Change | |
Cash From Operating Activities | -$741.2K |
YoY Change | 641.18% |
INVESTING ACTIVITIES | |
Capital Expenditures | |
YoY Change | |
Acquisitions | |
YoY Change | |
Other Investing Activities | $30.69M |
YoY Change | |
Cash From Investing Activities | $30.69M |
YoY Change | |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -29.95M |
YoY Change | 74773.4% |
NET CHANGE | |
Cash From Operating Activities | -741.2K |
Cash From Investing Activities | 30.69M |
Cash From Financing Activities | -29.95M |
Net Change In Cash | -4.380K |
YoY Change | -96.87% |
FREE CASH FLOW | |
Cash From Operating Activities | -$741.2K |
Capital Expenditures | |
Free Cash Flow | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman";text-indent: 0px;"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-indent: 0px;">The preparation of the unaudited condensed 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. Significant assumptions include the fair value of the Company’s Public Warrants and Representative Shares, at their issuance dates, the valuation of the over-allotment option provided to the underwriters and the excise tax liability in connection with redemption of Class A common stock that occurred at the 2024 Special Meeting. Actual results could differ from those estimates. </div><div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;text-indent: 0px;"> </div> | ||
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2024-06-30 | ||
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Four Leaf Acquisition Corporation | ||
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DE | ||
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Entity File Number
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001-41646 | ||
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Entity Tax Identification Number
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88-1178935 | ||
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4546 El Camino Real B10 #715 | ||
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Los Altos | ||
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CA | ||
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94022 | ||
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650 | ||
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720-5626 | ||
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54210000 | ||
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
0 | ||
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
3577000 | ||
forlu |
Payment Of Offering Costs On Public Units
PaymentOfOfferingCostsOnPublicUnits
|
0 | ||
forlu |
Payment Of Offering Costs On Public Units
PaymentOfOfferingCostsOnPublicUnits
|
1382072 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-29087256 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
56093428 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-9760 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
146953 | ||
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10622 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1280 | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
862 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
148233 | |
forlu |
Remeasurement Of Class A Shares Subject To Possible Redemption
RemeasurementOfClassASharesSubjectToPossibleRedemption
|
3163170 | ||
forlu |
Remeasurement Of Class A Shares Subject To Possible Redemption
RemeasurementOfClassASharesSubjectToPossibleRedemption
|
2545441 | ||
forlu |
Deferred Underwriting Commissions.
DeferredUnderwritingCommissions.
|
0 | ||
forlu |
Deferred Underwriting Commissions.
DeferredUnderwritingCommissions.
|
1897350 | ||
us-gaap |
Stock Issued1
StockIssued1
|
0 | ||
us-gaap |
Stock Issued1
StockIssued1
|
270515 | ||
forlu |
Offering Costs Included In Accrued Offering Costs
OfferingCostsIncludedInAccruedOfferingCosts
|
0 | ||
forlu |
Offering Costs Included In Accrued Offering Costs
OfferingCostsIncludedInAccruedOfferingCosts
|
150552 | ||
forlu |
Excise Tax Liability Incurred During The Period
ExciseTaxLiabilityIncurredDuringThePeriod
|
301943 | ||
forlu |
Excise Tax Liability Incurred During The Period
ExciseTaxLiabilityIncurredDuringThePeriod
|
0 | ||
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
54210000 | |
CY2023Q1 | forlu |
Transaction Costs
TransactionCosts
|
4019087 | |
CY2023Q1 | forlu |
Deferred Underwriting Fees Payable Noncurrent
DeferredUnderwritingFeesPayableNoncurrent
|
2710500 | |
CY2023Q1 | forlu |
Payment Of Deferred Underwriting Fees
PaymentOfDeferredUnderwritingFees
|
813150 | |
CY2023Q1 | forlu |
Other Offering Costs
OtherOfferingCosts
|
1038067 | |
CY2023Q1 | us-gaap |
Cash
Cash
|
974028 | |
CY2023Q1 | forlu |
Term Of Restricted Investments
TermOfRestrictedInvestments
|
P185D | |
CY2024Q2 | us-gaap |
Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
|
5000001 | |
CY2024Q2 | forlu |
Percentage Of Shares Sold In Ipo That Can Be Transferred Without Any Restriction
PercentageOfSharesSoldInIpoThatCanBeTransferredWithoutAnyRestriction
|
0.15 | |
CY2024Q2 | forlu |
Percentage Of Public Shares To Be Redeemed On Non Completion Of Business Combination
PercentageOfPublicSharesToBeRedeemedOnNonCompletionOfBusinessCombination
|
1 | |
CY2024Q1 | us-gaap |
Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
|
542100 | |
CY2024Q2 | forlu |
Number Of Months By Which Time Limit Could Be Extended For Consummating Business Combination
NumberOfMonthsByWhichTimeLimitCouldBeExtendedForConsummatingBusinessCombination
|
P12M | |
CY2024Q2 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
30200000 | |
CY2024Q2 | forlu |
Per Share Withdrawn From The Trust Account
PerShareWithdrawnFromTheTrustAccount
|
10.97 | |
CY2024Q2 | forlu |
Extension Payments Deposited Into Trust Account
ExtensionPaymentsDepositedIntoTrustAccount
|
75000 | |
CY2024Q2 | us-gaap |
Liquidation Basis Of Accounting Accrued Costs To Dispose Of Assets And Liabilities
LiquidationBasisOfAccountingAccruedCostsToDisposeOfAssetsAndLiabilities
|
100000 | |
CY2024Q2 | forlu |
Amount Per Share To Be Maintained In The Trust Account
AmountPerShareToBeMaintainedInTheTrustAccount
|
10.3 | |
CY2024Q2 | us-gaap |
Cash
Cash
|
862 | |
CY2024Q2 | forlu |
Working Capital Deficit
WorkingCapitalDeficit
|
2579796 | |
forlu |
Accrued Excise Tax Liability
AccruedExciseTaxLiability
|
301944 | ||
CY2024Q2 | forlu |
Accrued Excise Tax Liability
AccruedExciseTaxLiability
|
301944 | |
CY2024Q2 | forlu |
Excise Tax Liability
ExciseTaxLiability
|
301944 | |
CY2023Q4 | forlu |
Excise Tax Liability
ExciseTaxLiability
|
0 | |
CY2024Q2 | forlu |
Proceeds From Trust Account To Pay Tax Obligations
ProceedsFromTrustAccountToPayTaxObligations
|
566800 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman";text-indent: 0px;"><div style="font-weight:bold;display:inline;">Concentration of Credit Risk </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-indent: 0px;">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. </div> | ||
CY2024Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2024Q2 | forlu |
Percentage Of Common Stock On Conversion Of Shares
PercentageOfCommonStockOnConversionOfShares
|
0.20 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | ||
CY2024Q2 | us-gaap |
Share Price
SharePrice
|
0.81 | |
CY2024Q2 | forlu |
Aggregate Grant Date Fair Value Of The Awards
AggregateGrantDateFairValueOfTheAwards
|
40500 | |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
40500 | |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.47 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.228 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.484 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.256 | ||
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.47 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.484 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2024Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.228 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.256 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2023Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
22012 | ||
CY2024Q2 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
0 | |
CY2023Q2 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
0 | |
us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
0 |