$FRLA
Fortune Rise Acquisition Corp Stock $frla

$frla Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-K Financial Statement

#000168316823002346 Filed on April 13, 2023

Income Statement

Concept	2023 Q2	2022 Q4	2022
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$20.00K	$54.56K	$199.8K
YoY Change	-58.51%	51.72%	455.51%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$560.0K	$282.1K	$1.159M
YoY Change	72.94%	144.04%	768.52%
Operating Profit	-$557.8K		-$1.159M
YoY Change	72.27%
Interest Expense	$760.0K	$866.1K	$1.467M
YoY Change	436.69%	66015.27%	111860.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$201.7K	$584.0K	$307.5K
YoY Change	-210.72%	-610.98%	-332.64%
Income Tax	$206.7K	$355.1K	$355.1K
% Of Pretax Income	102.44%	60.8%	115.48%
Net Earnings	-$4.927K	$228.9K	-$47.61K
YoY Change	-97.3%	-300.31%	-63.98%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	$0.02	$0.00
COMMON SHARES
Basic Shares Outstanding	12.88M shares	12.88M
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$200.0K	$172.3K	$172.3K
YoY Change	-48.53%	-79.66%	-79.66%
Cash & Equivalents	$187.2K	$172.3K
Short-Term Investments
Other Short-Term Assets	$200.0K	$29.00K	$29.00K
YoY Change	108.01%	-84.53%	-84.53%
Inventory
Prepaid Expenses	$212.2K	$4.000K
Receivables
Other Receivables
Total Short-Term Assets	$399.4K	$201.3K	$201.3K
YoY Change	-17.61%	-80.54%	-80.54%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$38.80M	$101.9M	$101.9M
YoY Change	-61.14%	2.24%	2.24%
Other Assets
YoY Change
Total Long-Term Assets	$38.79M	$101.9M	$101.9M
YoY Change	-61.16%	2.24%	2.24%
TOTAL ASSETS
Total Short-Term Assets	$399.4K	$201.3K	$201.3K
Total Long-Term Assets	$38.79M	$101.9M	$101.9M
Total Assets	$39.19M	$102.1M	$102.1M
YoY Change	-60.95%	1.39%	1.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$100.0K	$156.1K	$156.1K
YoY Change	49900.0%	1803.05%	1803.05%
Accrued Expenses	$700.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$3.400M	$783.8K	$783.8K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.269M	$1.411M	$1.411M
YoY Change	4310.07%	3094.77%	3095.0%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.400M	$3.421M	$3.421M
YoY Change	-0.62%	0.0%	0.0%
Total Long-Term Liabilities	$3.400M	$3.421M	$3.421M
YoY Change	-0.62%	0.0%	0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.269M	$1.411M	$1.411M
Total Long-Term Liabilities	$3.400M	$3.421M	$3.421M
Total Liabilities	$7.690M	$4.916M	$4.916M
YoY Change	118.59%	41.86%	41.86%
SHAREHOLDERS EQUITY
Retained Earnings	-$7.354M	-$4.332M
YoY Change		78.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$7.353M	-$4.332M	$97.23M
YoY Change
Total Liabilities & Shareholders Equity	$39.19M	$102.1M	$102.1M
YoY Change	-60.95%	1.39%	1.39%

Cashflow Statement

Concept	2023 Q2	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$4.927K	$228.9K	-$47.61K
YoY Change	-97.3%	-300.31%	-63.98%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$1.320M	-$72.87K	-$689.1K
YoY Change	476.7%	-71.86%	148.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$65.79M	-$769.5K	-$769.5K
YoY Change		-99.23%	-99.23%
Cash From Investing Activities	$65.79M	-$769.5K	-$769.5K
YoY Change		-99.23%	-99.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-64.44M	783.8K	$783.8K
YoY Change		-99.22%	-99.22%
NET CHANGE
Cash From Operating Activities	-1.320M	-72.87K	-$689.1K
Cash From Investing Activities	65.79M	-769.5K	-$769.5K
Cash From Financing Activities	-64.44M	783.8K	$783.8K
Net Change In Cash	30.00K	-58.66K	-$674.9K
YoY Change	-113.11%	-107.83%	-179.66%
FREE CASH FLOW
Cash From Operating Activities	-$1.320M	-$72.87K	-$689.1K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense		usd
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther		usd
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001849294
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-40990
CY2022	dei	Entity Registrant Name EntityRegistrantName	FORTUNE RISE ACQUISITION CORPORATION
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	86-1850747
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	13575 58th Street North
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 200
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Clearwater
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	33760
CY2022	dei	City Area Code CityAreaCode	727
CY2022	dei	Local Phone Number LocalPhoneNumber	440-4603
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2022	dei	Entity Shell Company EntityShellCompany	true
CY2022Q2	dei	Entity Public Float EntityPublicFloat	99946100	usd
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	12884250	shares
CY2022	dei	Auditor Firm AuditorFirmId	688
CY2022	dei	Auditor Name AuditorName	Marcum LLP
CY2022	dei	Auditor Location AuditorLocation	Costa Mesa, CA
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	172314	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	847171	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	4000	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	187500	usd
CY2022Q4	frla	Prepaid Expenses Related Party PrepaidExpensesRelatedParty	25000	usd
CY2021Q4	frla	Prepaid Expenses Related Party PrepaidExpensesRelatedParty	0	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	201314	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	1034671	usd
CY2022Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	101942526	usd
CY2021Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	99706310	usd
CY2022Q4	us-gaap	Assets Assets	102143840	usd
CY2021Q4	us-gaap	Assets Assets	100740981	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	156052	usd
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	8202	usd
CY2022Q4	frla	Due To Related Party Current DueToRelatedPartyCurrent	50000	usd
CY2021Q4	frla	Due To Related Party Current DueToRelatedPartyCurrent	0	usd
CY2022Q4	frla	Promissory Notes Related Party PromissoryNotesRelatedParty	733750	usd
CY2021Q4	frla	Promissory Notes Related Party PromissoryNotesRelatedParty	0	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	271346	usd
CY2021Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	0	usd
CY2022Q4	frla	Franchise Tax Payable FranchiseTaxPayable	199759	usd
CY2021Q4	frla	Franchise Tax Payable FranchiseTaxPayable	35961	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1410907	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	44163	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	83724	usd
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	0	usd
CY2022Q4	frla	Deferred Offering Costs Noncurrent DeferredOfferingCostsNoncurrent	3421250	usd
CY2021Q4	frla	Deferred Offering Costs Noncurrent DeferredOfferingCostsNoncurrent	3421250	usd
CY2022Q4	us-gaap	Liabilities Liabilities	4915881	usd
CY2021Q4	us-gaap	Liabilities Liabilities	3465413	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	101559697	usd
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	99705000	usd
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2021Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	0	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	0	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4332048	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2429742	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-4331738	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-2429432	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	102143840	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	100740981	usd
CY2022	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	959457	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	97513	usd
CY2022	frla	Franchise Tax Expense FranchiseTaxExpense	199759	usd
	frla	Franchise Tax Expense FranchiseTaxExpense	35961	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-1159216	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-133474	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	1466677	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1310	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	307461	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-132164	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	355070	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-0	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-47609	usd
	us-gaap	Net Income Loss NetIncomeLoss	-132164	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	0	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	25000	usd
	frla	Sale Of Public Units Through Public Offering SaleOfPublicUnitsThroughPublicOffering	97750000	usd
	frla	Sale Of Private Placement Shares SaleOfPrivatePlacementShares	5455000	usd
	frla	Issuance Of Representative Shares IssuanceOfRepresentativeShares	-0	usd
	frla	Additional Paid In Capital Underwriters Discount AdditionalPaidInCapitalUnderwritersDiscount	5376250	usd
	frla	Additional Paid In Capital Other Offering Expenses AdditionalPaidInCapitalOtherOfferingExpenses	446018	usd
	frla	Reclassification Of Common Stock Subject To Redemption ReclassificationOfCommonStockSubjectToRedemption	-93321925	usd
	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	5558519	usd
	frla	Accretion Of Carrying Value To Redemption Value AccretionOfCarryingValueToRedemptionValue	11941594	usd
	us-gaap	Net Income Loss NetIncomeLoss	-132164	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-2429432	usd
CY2022	frla	Accretion Of Carrying Value To Redemption Value AccretionOfCarryingValueToRedemptionValue	1854697	usd
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CY2022	us-gaap	Profit Loss ProfitLoss	-47609	usd
	us-gaap	Profit Loss ProfitLoss	-132164	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	1466677	usd
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CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	83724	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-183500	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	187500	usd
CY2022	frla	Increase Decrease Prepaid Expenses Related Party IncreaseDecreasePrepaidExpensesRelatedParty	25000	usd
	frla	Increase Decrease Prepaid Expenses Related Party IncreaseDecreasePrepaidExpensesRelatedParty	-0	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	147850	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	8202	usd
CY2022	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	271346	usd
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	0	usd
CY2022	frla	Increase Decrease Franchise Tax Payable IncreaseDecreaseFranchiseTaxPayable	163798	usd
	frla	Increase Decrease Franchise Tax Payable IncreaseDecreaseFranchiseTaxPayable	35961	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-689068	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-276811	usd
CY2022	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	977500	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	99705000	usd
CY2022	frla	Withdraw Of Investment Held In Trust Account WithdrawOfInvestmentHeldInTrustAccount	207961	usd
	frla	Withdraw Of Investment Held In Trust Account WithdrawOfInvestmentHeldInTrustAccount	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-769539	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-99705000	usd
CY2022	frla	Proceeds From Issuance Of Shares Of Common Stock To Sponsor ProceedsFromIssuanceOfSharesOfCommonStockToSponsor	0	usd
	frla	Proceeds From Issuance Of Shares Of Common Stock To Sponsor ProceedsFromIssuanceOfSharesOfCommonStockToSponsor	25000	usd
CY2022	frla	Return Of Proceeds From Issuance Of Common Stock To Sponsor ReturnOfProceedsFromIssuanceOfCommonStockToSponsor	-0	usd
	frla	Return Of Proceeds From Issuance Of Common Stock To Sponsor ReturnOfProceedsFromIssuanceOfCommonStockToSponsor	25000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	25000	usd
CY2022	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	0	usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	97750000	usd
CY2022	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	0	usd
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	5455000	usd
CY2022	frla	Payment Of Underwriters Discount PaymentOfUnderwritersDiscount	-0	usd
	frla	Payment Of Underwriters Discount PaymentOfUnderwritersDiscount	1955000	usd
CY2022	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	-0	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	446018	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	733750	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	235000	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	-0	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	235000	usd
CY2022	frla	Advances From Related Party AdvancesFromRelatedParty	50000	usd
	frla	Advances From Related Party AdvancesFromRelatedParty	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	783750	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	100828982	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-674857	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	847171	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	847171	usd
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	172314	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	847171	usd
CY2022	frla	Deferred Underwriters Marketing Fees DeferredUnderwritersMarketingFees	0	usd
	frla	Deferred Underwriters Marketing Fees DeferredUnderwritersMarketingFees	3421250	usd
CY2022	frla	Change In Value Of Common Stock Subject To Redemption ChangeInValueOfCommonStockSubjectToRedemption	0	usd
	frla	Change In Value Of Common Stock Subject To Redemption ChangeInValueOfCommonStockSubjectToRedemption	93321925	usd
CY2022	frla	Allocation Of Offering Costs To Common Stock Subject To Redemption AllocationOfOfferingCostsToCommonStockSubjectToRedemption	0	usd
	frla	Allocation Of Offering Costs To Common Stock Subject To Redemption AllocationOfOfferingCostsToCommonStockSubjectToRedemption	5558519	usd
CY2022	frla	Accretion Of Carrying Value To Redemption Value AccretionOfCarryingValueToRedemptionValue	1854697	usd
	frla	Accretion Of Carrying Value To Redemption Value AccretionOfCarryingValueToRedemptionValue	11941594	usd
CY2022	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_80B_eus-gaap--NatureOfOperations_zMU6XuvduVx7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Note 1 — <span id="xdx_827_zbqlWFiNErp8">Organization and Business Operation</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortune Rise Acquisition Corp. (the “Company”) is a blank check company incorporated as a Delaware corporation on February 1, 2021. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has signed a non-binding Letter of Intent of the Proposed Business Combination as discussed below. The Company has selected December 31 as its fiscal year end.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2022 and 2021, the Company had not commenced any operations. For the period from February 1, 2021 (inception) through December 31, 2022, the Company’s efforts have been limited to organizational activities as well as activities related to the IPO (as defined below). The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company had and will continue to generate non-operating income in the form of dividend income from the proceeds derived from the IPO.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The registration statement for the Company’s initial public offering (“IPO”) became effective on November 2, 2021. On November 5, 2021 the Company consummated the IPO of <span id="xdx_90C_ecustom--UnitsIssuedDuringPeriodSharesNewIssues_iI_c20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zjaVgUj7qm86" title="Number of units sold">9,775,000</span> units (including 1,275,000 units issued upon the full exercise of the over-allotment option, the “Public Units”). Each Public Unit consists of <span id="xdx_908_ecustom--NumberOfSharesIssuedPerUnit_c20211104__20211105__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zjBHexYaIMTg" title="Number of shares issued per unit sold">one share of Class A common stock</span>, $<span id="xdx_90E_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20211105__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zRpaZU3yY04f">0.0001</span> par value per share (the “Class A Common Stock”), and <span id="xdx_901_ecustom--NumberOfSharesIssuedPerUnit_c20211104__20211105__us-gaap--StatementClassOfStockAxis__us-gaap--WarrantMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zKqKcZwwou1e" title="Number of shares issued per unit sold">one-half of one redeemable warrant</span> (the “Warrant”), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock at an exercise price of $<span id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20211105__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zikfKJ6FdI72">11.50</span> per share. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20211104__20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zqF8mDEDgBwf" title="Proceeds from issuance initial public offering">97,750,000</span> on November 5, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Substantially concurrently with the closing of the IPO, the Company completed the private sale of <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20211104__20211105__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zfpMYrEsmE1l">545,500</span> shares of Class A Common Stock (the “Private Placement Shares”) including <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20211104__20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--CounterpartyNameAxis__custom--SponsorMember_zbL44TkuLLMi" title="Number of shares issued">505,500</span> shares to the Company’s sponsor, Fortune Rise Sponsor LLC (the “Sponsor”) and <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20211104__20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--UnitedStatesTigerSecuritiesAndEfHuttonMember_z1ZyBvqMRqTi" title="Number of shares issued">40,000</span> shares to U.S. Tiger Securities, Inc. (“U.S. Tiger Securities”), and EF Hutton, a division of Benchmark Investment LLC, two representatives of the several underwriters (each, a “Representative”), at a purchase price of $<span id="xdx_909_eus-gaap--SharesIssuedPricePerShare_iI_c20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_z81bJK14gXCe" title="Purchase price, per unit">10.00</span> per Private Placement Share, generating gross proceeds to the Company of $<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20211104__20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zjyBRs42mKck" title="Proceeds from Issuance of private placement">5,455,000</span>. The Private Placement Shares are identical to the shares of Class A Common Stock sold as part of the Units in the IPO, except that the holders have agreed not to transfer, assign or sell any of the Private Placement Shares (except to certain permitted transferees) until 30 days after the completion of the Company’s initial Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Transaction costs amounted to $<span id="xdx_90F_ecustom--TransactionCosts_iI_c20210511_zA8NK1WljN6l">5,822,268</span>, consisting of $<span id="xdx_90B_ecustom--SaleOfStockUnderwritingFees_iI_c20211105_znbK2ZkzYDu">5,376,250 </span>of underwriting fees (including $<span id="xdx_90F_ecustom--DeferredUnderwritingFees_iI_c20211105_zJ2yLl4KYOR9">3,421,250</span> of deferred underwriting fees) and $<span id="xdx_908_ecustom--SaleOfStockOtherOfferingCosts_iI_c20211105_zaTTT8ihagai">446,018</span> of other offering costs. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The Company also issued <span id="xdx_90C_ecustom--NumberOfSharesIssuedToRepresentativesAsCompensation_c20211104__20211105__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z9RFpuJEitob">120,000 </span>shares of Class A Common Stock (the “Representative Shares”) to two Representatives as part of representative compensation. The Representative Shares are identical to the public shares except that the representatives have agreed not to transfer, assign or sell any such representative shares until the completion of the Company’s initial Business Combination. The Representative Shares are deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the date of the commencement of sales in this offering pursuant to FINRA Rule 5110(e)(1). In addition, the representatives have agreed (i) to waive their redemption rights with respect to such shares in connection with the completion of the Company’s initial Business Combination and (ii) to waive their rights to liquidating distributions from the Trust Account (as defined below) with respect to such shares if the Company fails to complete its initial Business Combination by May 5, 2023 (extended from November 5, 2022), unless extended to November 5, 2023 by a vote of stockholders.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Following the closing of the IPO and the issuance and the sale of Private Placement Shares on November 5, 2021, $<span id="xdx_90E_eus-gaap--RestrictedCash_iI_c20211105__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--CashAndCashEquivalentsAxis__custom--TrustAccountMember_zf8D9AVErwI1">99,705,000 </span>($10.20 per Public Unit) from the net proceeds of the sale of the Public Units in the IPO and the sale of Private Placement Shares was placed in a trust account (the “Trust Account”) maintained by Wilmington Trust, National Association as a trustee and invested the proceeds in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, with a maturity of 180 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act of 1940, as determined by the Company, until the earlier of: (a) the completion of the initial Business Combination, (b) the redemption of any public shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (i) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s public shares if it does not complete the initial Business Combination by May 5, 2023 (extended from November 5, 2022), unless extended to November 5, 2023 by a vote of stockholders or (ii) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity and (c) the redemption of the Company’s public shares if it is unable to complete the Business Combination by May 5, 2023 (extended from November 5, 2022), unless extended to November 5, 2023 by a vote of stockholders, subject to applicable law. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public stockholders.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The Company’s initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting fee and taxes payable and interest previously released for working capital purposes on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires an interest in the target sufficient for the post-transaction company not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to complete a Business Combination successfully.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The shares of Class A Common Stock subject to redemption was recorded at a redemption value and classified as temporary equity upon the completion of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the issued and outstanding shares voted are voted in favor of the Business Combination. The Company will have until May 5, 2023 (extended from November 5, 2022), unless extended monthly to November 5, 2023 by approval of our board of directors and payment of the extension by our Sponsor, or its affiliates, to complete the initial Business Combination (the “Combination Period”). If the Company is unable to complete the initial Business Combination within the Combination Period, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the Company for working capital purposes or to pay the Company’s taxes (less up to $50,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and its board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete the Business Combination within the 18-month time period. The founders have entered into a letter agreement with the Company, pursuant to which they have agreed (i) to waive their redemption rights with respect to any Founder Shares (defined below), Private Placement Shares, and any public shares held by them in connection with the completion of the initial Business Combination, (ii) waive their redemption rights with respect to their Founder Shares, Private Placement Shares and public shares in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s public shares if the Company does not complete its initial Business Combination by May 5, 2023 (extended from November 5, 2022), unless extended monthly to November 5, 2023 by approval of our board of directors and payment of the extension by our Sponsor, or its affiliates, or (B) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to any Founder Shares held by them if the Company fails to complete the initial Business Combination by May 5, 2023 (extended from November 5, 2022), unless extended monthly to November 5, 2023 by approval of our board of directors and payment of the extension by our Sponsor, or its affiliates, although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete the initial Business Combination within the prescribed time frame. If the Company submits it initial Business Combination to its stockholders for a vote, the Company will complete its initial Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the initial Business Combination. In no event will the Company redeem its public shares of Class A Common Stock in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of public shares of Class A Common Stock and the related Business Combination, and instead may search for an alternate Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or by a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (i) $10.20 per public share or (ii) such lesser amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes. This liability will not apply with respect to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, then the Company’s Sponsor will not be responsible to the extent of any liability for such third party claims.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Termination of Prior Proposed Business Combination</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 26, 2022, the Company entered into an agreement and plan of merger (the “Merger Agreement”) by and among Sigma Merger Sub Inc., a Delaware corporation and its direct, wholly owned subsidiary (“Sigma Merger Sub”), Gamma Merger Sub Inc., a Delaware corporation and its direct, wholly owned subsidiary (“Gamma Merger Sub” and, together with Sigma Merger Sub, “Merger Subs” and each, a “Merger Sub”), VCV Power Sigma, Inc., a Delaware corporation (“Sigma”), VCV Power Gamma, Inc., a Delaware corporation (“Gamma”, and, together with Sigma, “VCV Digital Technology”), and Jerry Tang, in his capacity as the representative for stockholders of VCV Digital Technology and for certain limited purposes under Section 5.13 thereunder. Pursuant to the Merger Agreement, among other things, (i) in accordance with the General Corporation Law of the State of Delaware, as amended (the “DGCL”), Sigma Merger Sub will merge with and into Sigma, with Sigma surviving the Sigma Merger as our wholly owned subsidiary, and (ii) in accordance with the DGCL, Gamma Merger Sub will merge with and into Gamma, with Gamma surviving the Gamma Merger as its wholly owned subsidiary.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 19, 2022, pursuant to Section 11.01(a) of the Merger Agreement, the Company and VCV Digital Technology entered into a termination agreement (the “Termination Agreement”) and mutually agreed to terminate the Merger Agreement and the transaction contemplated thereby may be abandoned, effective immediately.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Change of Sponsor</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 22, 2022, Water On Demand, Inc. (“WODI”), entered into a Membership Interest Purchase and Transfer Agreement (the “Purchase Agreement”) with Ka Wai Cheung, Koon Lin Chan, and Koon Keung Chan (each a “Seller”, and collectively, the “Sellers”) and the Sponsor, pursuant to which WODI purchased 100 membership interests in the Sponsor (the “Purchased Interests”) from the Sellers, which constitutes 100% of the membership interests in the Sponsor. The Sponsor holds 2,343,750 shares out of 2,443,750 shares of the issued and outstanding shares of Class B Common Stock of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Non-binding Letter of Intent of the Proposed Business Combination</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 5, 2023, the Company filed a press release which announced the signing of a non-binding Letter of Intent with WODI under which the Company proposes to acquire all the outstanding securities of WODI, based on certain material financial and business terms and conditions being met.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Liquidity and Going Concern</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2022, the Company had $<span id="xdx_90F_eus-gaap--Cash_iI_c20221231_zQqkLhoiuxSb">172,314 </span>in cash held outside its Trust Account available for the Company’s payment of expenses related to working capital purposes and a working deficit of $<span id="xdx_904_ecustom--WorkingCapital_iN_di_c20220101__20221231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zV5XvztpPkz6">1,209,593</span>. The Company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern. The management’s plan in addressing this uncertainty is through the Promissory Notes – related parties and the Working Capital Loans, as defined below (see Note 6). In addition, if the Company is unable to complete a Business Combination within the Combination Period by May 5, 2023 (extended from November 5, 2022), unless extended monthly to November 5, 2023 by approval of our board of directors and payment of the extension by our Sponsor, or its affiliates, the Company’s board of directors would trigger an automatic winding up, dissolution and liquidation pursuant to the terms of the Amended and Restated Memorandum and Articles of Association and thereby a formal dissolution of the Company. There is no assurance that the Company’s plans to consummate a Business Combination will be successful within the Combination Period. As a result, management has determined that such additional condition also raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Inflation Reduction Act of 2022</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases (including redemptions) of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. Any redemption or other repurchase that occurs after December 31, 2022, in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2021Q2	frla	Transaction Costs TransactionCosts	5822268	usd
CY2021Q4	frla	Sale Of Stock Underwriting Fees SaleOfStockUnderwritingFees	5376250	usd
CY2021Q4	frla	Deferred Underwriting Fees DeferredUnderwritingFees	3421250	usd
CY2021Q4	frla	Sale Of Stock Other Offering Costs SaleOfStockOtherOfferingCosts	446018	usd
CY2022Q4	us-gaap	Cash Cash	172314	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84B_eus-gaap--UseOfEstimates_z3ekmt09tyn6" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_861_z2Oo6qvc1GBd">Use of Estimates</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">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. Actual results could differ from those estimates. The accompanying financial statements include all adjustments management considers necessary for a fair presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p>
CY2022Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	0	usd
CY2021Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	100300000	usd
CY2022Q4	us-gaap	Assets Held In Trust AssetsHeldInTrust	101942526	usd
CY2022	us-gaap	Dividend Income Operating DividendIncomeOperating	1466677	usd
CY2021	us-gaap	Dividend Income Operating DividendIncomeOperating	1310	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	5822268	usd
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zpDDfSoLVuP3" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_864_zgVYQR0VdrUe">Concentration of Credit Risk</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution and money market funds held in the Trust Account. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. As of December 31, 2022 and December 31, 2021, approximately $<span id="xdx_90B_eus-gaap--CashUninsuredAmount_iI_dm_c20221231_ziUikJRtpPr2">101.9 million</span> and $<span id="xdx_907_eus-gaap--CashUninsuredAmount_iI_dm_c20211231_zqYEQ93WaLM1">100.3 million</span>, respectively, was over the Federal Deposit Insurance Corporation (FDIC) limit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p>
CY2022Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	101900000	usd
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	0	usd
CY2021Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	0	usd
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4887500	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4887500	shares
	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-0	usd
CY2022	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	240134	usd
	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	27755	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	355070	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	101942526	usd
CY2021Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	99706310	usd
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	97750000	usd
CY2021Q4	us-gaap	Temporary Equity Stock Issued During Period Value New Issues TemporaryEquityStockIssuedDuringPeriodValueNewIssues	4428075	usd
CY2021Q4	us-gaap	Temporary Equity Other Changes TemporaryEquityOtherChanges	5558519	usd
CY2021Q4	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	11941594	usd
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	99705000	usd
CY2022	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	1854697	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	101559697	usd
CY2022Q4	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	977500	usd
CY2022Q4	frla	Related Party Working Capital Loans RelatedPartyWorkingCapitalLoans	733750	usd
CY2021Q4	frla	Related Party Working Capital Loans RelatedPartyWorkingCapitalLoans	0	usd
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	60000000	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2443750	shares
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2443750	shares
CY2021Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	9775000	shares
CY2021Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	4887500	shares
CY2022Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	4887500	shares
CY2022Q4	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	4400000	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	167624	usd
	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	103722	usd
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	124849	usd
	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	27755	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	31561	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.091	pure
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.853	pure
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.210	pure
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	267889	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	0	usd
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	27755	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	83724	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	184165	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	27755	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	267889	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	27755	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	83724	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	0	usd
CY2021Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	132164	usd

Files In Submission

Name	View Source	Status
0001683168-23-002346-index-headers.html	Edgar Link	pending
0001683168-23-002346-index.html	Edgar Link	pending
0001683168-23-002346.txt	Edgar Link	pending
0001683168-23-002346-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fortune_ex3101.htm	Edgar Link	pending
fortune_ex3102.htm	Edgar Link	pending
fortune_ex3200.htm	Edgar Link	pending
fortune_i10k-123122.htm	Edgar Link	pending
frla-20221231.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R15.htm	Edgar Link	pending
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R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
frla-20221231_cal.xml	Edgar Link	unprocessable
frla-20221231_lab.xml	Edgar Link	unprocessable
frla-20221231_def.xml	Edgar Link	unprocessable
frla-20221231_pre.xml	Edgar Link	unprocessable
fortune_i10k-123122_htm.xml	Edgar Link	completed

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$FRLA
Fortune Rise Acquisition Corp Stock $frla

2023 Q2 Form 10-K Financial Statement

#000168316823002346 Filed on April 13, 2023

Income Statement

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$FRLA Fortune Rise Acquisition Corp Stock $frla

2023 Q2 Form 10-K Financial Statement

#000168316823002346 Filed on April 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FRLA
Fortune Rise Acquisition Corp Stock $frla