2022 Q3 Form 10-Q Financial Statement
#000121390022048053 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $2.982M | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $3.781M | $2.540M | $1.899M |
YoY Change | 161.32% | 73.58% | |
Gross Profit | -$799.6K | -$2.540M | -$1.899M |
YoY Change | -44.74% | 73.58% | |
Gross Profit Margin | -26.82% | ||
Selling, General & Admin | $4.860M | $76.03K | $20.73K |
YoY Change | 20124.72% | ||
% of Gross Profit | |||
Research & Development | $243.0K | $583.9K | $1.267M |
YoY Change | -67.23% | 25.07% | |
% of Gross Profit | |||
Depreciation & Amortization | $370.0K | $111.3K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $243.0K | $1.522M | $479.4K |
YoY Change | -44.88% | ||
Operating Profit | -$6.046M | -$1.522M | -$2.688M |
YoY Change | 463.19% | ||
Interest Expense | $1.402M | $739.0K | $2.431M |
YoY Change | -138.75% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$37.84K | -$834.4K | -$816.0K |
YoY Change | -90.04% | -236.8% | |
Pretax Income | -$13.18M | -$783.5K | $1.952M |
YoY Change | 196.94% | ||
Income Tax | $12.36K | ||
% Of Pretax Income | |||
Net Earnings | -$6.084M | -$795.8K | $1.952M |
YoY Change | 37.06% | ||
Net Earnings / Revenue | -204.04% | ||
Basic Earnings Per Share | -$0.67 | -$0.04 | -$0.36 |
Diluted Earnings Per Share | -$0.67 | -$0.04 | $90.51K |
COMMON SHARES | |||
Basic Shares Outstanding | 6.096M shares | 21.56M shares | 9.669M shares |
Diluted Shares Outstanding | 16.54M shares | 21.56M shares | 9.669M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $35.90M | $174.7M | $296.4K |
YoY Change | 4450.01% | 698524.11% | 1085.52% |
Cash & Equivalents | $35.93M | $172.8K | $15.08M |
Short-Term Investments | $174.5M | ||
Other Short-Term Assets | $2.496M | $30.16K | $44.99K |
YoY Change | 327.5% | ||
Inventory | $5.559M | $2.380M | |
Prepaid Expenses | $2.598M | $30.16K | |
Receivables | $637.4K | $1.605M | |
Other Receivables | $0.00 | ||
Total Short-Term Assets | $47.95M | $202.9K | $341.4K |
YoY Change | 3393.12% | 711.77% | 1265.48% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.646M | $6.238M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $77.89K | $174.5M | $174.2M |
YoY Change | -99.96% | 78524.39% | 135850.67% |
Total Long-Term Assets | $10.09M | $174.5M | $174.2M |
YoY Change | -94.21% | 78524.39% | 135850.67% |
TOTAL ASSETS | |||
Total Short-Term Assets | $47.95M | $202.9K | $341.4K |
Total Long-Term Assets | $10.09M | $174.5M | $174.2M |
Total Assets | $58.05M | $174.7M | $174.6M |
YoY Change | -66.94% | 70646.07% | 113884.04% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.787M | $325.4K | $178.3K |
YoY Change | 3635.81% | ||
Accrued Expenses | $1.172M | $1.019M | $92.33K |
YoY Change | 644.67% | 2443.0% | -28.52% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $400.3K | $267.0K |
YoY Change | 118.93% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.358M | $1.958M | $561.6K |
YoY Change | 1602.62% | 778.36% | 334.78% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $20.43M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $32.40M | $5.056M | $5.560M |
YoY Change | 155.71% | ||
Total Long-Term Liabilities | $20.43M | $5.056M | $5.560M |
YoY Change | 61.22% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.358M | $1.958M | $561.6K |
Total Long-Term Liabilities | $20.43M | $5.056M | $5.560M |
Total Liabilities | $29.11M | $7.014M | $6.121M |
YoY Change | 125.22% | 3046.43% | 4639.0% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$52.79M | -$6.699M | |
YoY Change | |||
Common Stock | $4.725K | $431.00 | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $944.9K | ||
YoY Change | |||
Treasury Stock Shares | 271.6K shares | ||
Shareholders Equity | $28.93M | -$6.699M | -$5.757M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $58.05M | $174.7M | $174.6M |
YoY Change | -66.94% | 70646.07% | 113884.04% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.084M | -$795.8K | $1.952M |
YoY Change | 37.06% | ||
Depreciation, Depletion And Amortization | $370.0K | $111.3K | |
YoY Change | |||
Cash From Operating Activities | -$30.78M | -$256.9K | -$489.5K |
YoY Change | 3898.91% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$6.810M | ||
YoY Change | -96.09% | ||
Cash From Investing Activities | -$6.810M | -$1.675M | |
YoY Change | -96.09% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 52.92M | 133.3K | 267.0K |
YoY Change | -69.89% | ||
NET CHANGE | |||
Cash From Operating Activities | -30.78M | -256.9K | -489.5K |
Cash From Investing Activities | -6.810M | -$1.675M | |
Cash From Financing Activities | 52.92M | 133.3K | 267.0K |
Net Change In Cash | 15.33M | -123.6K | -222.5K |
YoY Change | 1906.52% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$30.78M | -$256.9K | -$489.5K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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IntercompanyAgreementsDescription
|
one-half of the Escrow Shares will be released if, within a 5-year period following the signing date of the Merger Agreement, the volume-weighted average price of the Combined Company Common Stock equals or exceeds $15.00 per share over any 20 trading days within a 30-day trading period; ii.one-quarter of the Escrow Shares will be released if, within a 5-year period following the signing date of the Merger Agreement, the volume-weighted average price of the Combined Company Common Stock equals or exceeds $17.50 per share over any 20 trading days within a 30-day trading period; and iii.one-quarter of the Escrow Shares will be released if, within a 5-year period following the signing date of the Merger Agreement, the volume-weighted average price of the Combined Company Common Stock equals or exceeds $20.00 per share over any 20 trading days within a 30-day trading period. | ||
CY2021Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
3530000 | shares |
CY2021Q4 | us-gaap |
Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
|
10 | |
CY2021Q4 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
35300000 | usd |
CY2021Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
40000000 | usd |
CY2021Q4 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
20 | |
CY2022Q2 | us-gaap |
Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
|
37959184 | usd |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
3036735 | shares |
claqu |
Aggregate Shares Reserve Equal
AggregateSharesReserveEqual
|
0.05 | pure | |
CY2022Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
5000001 | usd |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
50000000 | usd |
CY2022Q2 | us-gaap |
Percentage Of Weighted Average Cost Inventory
PercentageOfWeightedAverageCostInventory
|
0.03 | pure |
claqu |
Business Acquisition Percentage Of Voting Interest Acquired
BusinessAcquisitionPercentageOfVotingInterestAcquired
|
0.888 | pure | |
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
20 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
13 | ||
claqu |
Stock Issued During Period Share Other
StockIssuedDuringPeriodShareOther
|
1000000 | shares | |
CY2022Q2 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
172785 | usd |
CY2022Q2 | us-gaap |
Capital
Capital
|
1755090 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</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">The preparation of unaudited condensed consolidated financial statements in conformity with 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 unaudited condensed consolidated financial statements and the reported amounts of expenses during the reporting periods.</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">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 unaudited condensed consolidated 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 unaudited condensed consolidated financial statements is the determination of the fair value of the warrant liabilities. Accordingly, the actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | ||
claqu |
Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
|
17250000 | shares | |
CY2021 | claqu |
Proceeds From Gross Proceeds
ProceedsFromGrossProceeds
|
172500000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
6037500 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
3934879 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3672335 | usd |
CY2021 | claqu |
Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
|
15369714 | usd |
CY2021 | claqu |
Common Stock Subject To Possible Redemptions Value
CommonStockSubjectToPossibleRedemptionsValue
|
174225000 | usd |
claqu |
Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
|
145884 | usd | |
claqu |
Common Stock Subject To Possible Redemptions Value
CommonStockSubjectToPossibleRedemptionsValue
|
174370884 | usd | |
claqu |
Incurred Offering Costs
IncurredOfferingCosts
|
3916281 | usd | |
claqu |
Underwriting Discount Amount
UnderwritingDiscountAmount
|
3450000 | usd | |
claqu |
Other Offering Costs
OtherOfferingCosts
|
466281 | usd | |
claqu |
Offering Costs
OfferingCosts
|
3672335 | usd | |
claqu |
Recorded Of Offering Costs
RecordedOfOfferingCosts
|
88910 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Concentration of Credit Risk</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">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 Deposit Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such account.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | ||
claqu |
Shares Of Common Stock
SharesOfCommonStock
|
562500 | shares | |
claqu |
Aggregate Purchase Shares
AggregatePurchaseShares
|
15800000 | shares | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-795831 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1155839 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21562500 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3750000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21562500 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3750000 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
CY2021Q3 | us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
Each Unit consists of one share of the Company’s common stock, $0.0001 par value, one right entitling the holder thereof to receive one-twentieth (1/20) of one share common stock upon the consummation of an initial business combination, and one-half of one redeemable warrant (“Redeemable Warrant”). Each whole Redeemable Warrant is exercisable to purchase one share of common stock and only whole warrants are exercisable. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. The Redeemable Warrants will become exercisable on the later of 30 days after the completion of the Initial Business Combination or 12 months from the closing of the Initial Public Offering. Each whole Redeemable Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 7). | |
CY2021Q3 | claqu |
Aggregate Purchase Price
AggregatePurchasePrice
|
22500000 | usd |
claqu |
Percentage Of Gross Proceeds Of The Ipo
PercentageOfGrossProceedsOfTheIPO
|
0.035 | pure | |
claqu |
Common Stock At A Price Of Per Share
CommonStockAtAPriceOfPerShare
|
11.5 | ||
claqu |
Generating Gross Proceeds
GeneratingGrossProceeds
|
675000 | usd | |
CY2021Q1 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
the Company effected a 1.4375-for-1 stock split of its issued and outstanding shares | |
claqu |
Aggregate Founder Shares
AggregateFounderShares
|
4312500 | shares | |
claqu |
Percentage Of Issued And Outstanding
PercentageOfIssuedAndOutstanding
|
0.20 | pure | |
CY2021Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
10000 | usd |
CY2022Q2 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
30000 | usd |
CY2021Q2 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
0 | usd |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
60000 | usd | |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
0 | usd | |
us-gaap |
Sponsor Fees
SponsorFees
|
60000 | usd | |
CY2021 | us-gaap |
Sponsor Fees
SponsorFees
|
0 | usd |
CY2021Q3 | us-gaap |
Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
|
188302 | usd |
CY2022Q1 | claqu |
Aggregate Principal Amount
AggregatePrincipalAmount
|
267000 | usd |
claqu |
Promissory Note Outstanding
PromissoryNoteOutstanding
|
267000 | usd | |
CY2022Q2 | us-gaap |
Other Borrowings
OtherBorrowings
|
133333 | usd |
us-gaap |
Liabilities Average Amount Outstanding
LiabilitiesAverageAmountOutstanding
|
133333 | usd | |
us-gaap |
Debt Instrument Description
DebtInstrumentDescription
|
The notes would either be paid upon consummation of the Company’s initial Business Combination, without interest, or, at the lender’s discretion, up to $500,000 of the notes may be converted upon consummation of the Business Combination into additional private warrants to purchase shares of common stock at a conversion price of $1.00 per private warrant (which, for example, would result in the holders being issued private warrants to purchase 500,000 shares of common stock if $500,000 of notes were so converted). | ||
us-gaap |
Business Combination Acquired Receivables Description
BusinessCombinationAcquiredReceivablesDescription
|
In order to extend the time available for the Company to consummate a Business Combination, without the need for a separate stockholder vote, is for the Company’s initial stockholders or their affiliates or designees, upon five days’ advance notice prior to the application deadline, to deposit into the trust account $1,500,000 or $1,725,000 if the underwriters’ over-allotment option is exercised in full ($0.10 per public share, or an aggregate of $3,000,000 (or $3,450,000 if the over-allotment option is exercised in full) if extended for each of the full three months), on or prior to the date of the application deadline. | ||
claqu |
Redeemable Warrants Of Shares
RedeemableWarrantsOfShares
|
15800000 | shares | |
CY2021 | claqu |
Redeemable Warrants Of Shares
RedeemableWarrantsOfShares
|
15800000 | shares |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
8625000 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
8625000 | shares |
CY2022Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
7175000 | usd |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
7175000 | usd |
claqu |
Number Of Shares
NumberOfShares
|
1 | shares | |
claqu |
Warrant Expire Term
WarrantExpireTerm
|
P5Y | ||
claqu |
Warrants Exercise Description
WarrantsExerciseDescription
|
The private warrants will be identical to the public warrants underlying the units being offered by the Company’s prospectus except that (i) each private warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, and (ii) such private warrants will be exercisable for cash (even if a registration statement covering the shares of Common Stock issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by us, in each case so long as they are still held by the initial purchasers or their affiliates. The private warrants purchased by CleanTech Investments will not be exercisable more than five years from the effective date of the registration statement, of which the Company’s prospectus forms a part, in accordance with FINRA Rule 5110(g)(8), as long as Chardan Capital Markets, LLC or any of its related persons beneficially own these private warrants. | ||
claqu |
Public Warrants Exercisable Description
PublicWarrantsExercisableDescription
|
The Company may call the outstanding warrants for redemption (excluding the private warrants but including any warrants already issued upon exercise of the unit purchase option), in whole and not in part, at a price of $0.01 per warrant: ●at any time while the warrants are exercisable, ●upon not less than 30 days’ prior written notice of redemption to each warrant holder, ●if, and only if, the reported last sale price of the shares of common stock equals or exceeds $16.50 per share, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, and ●if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. The right to exercise will be forfeited unless the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant. | ||
claqu |
Description Of Business Combination
DescriptionOfBusinessCombination
|
In addition, if the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at a newly issued price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Company’s initial stockholders or their affiliates, without taking into account any founder shares or private warrants held by them, as applicable, prior to such issuance), the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the newly issued price and the $16.50 per share redemption trigger price described below under will be adjusted (to the nearest cent) to be equal to 165% of the market value (the volume weighted average trading price of the common stock during the 20 trading day period starting on the trading day prior to the consummation of an initial Business Combination). | ||
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
15800000 | shares |
CY2022Q2 | us-gaap |
Marketable Securities
MarketableSecurities
|
174483243 | usd |
claqu |
Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
|
2760000 | usd | |
claqu |
Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
|
2296000 | usd | |
CY2021Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
174230428 | usd |
CY2021 | claqu |
Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
|
5175000 | usd |
CY2021 | claqu |
Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
|
2798250 | usd |
claqu |
Per Warrant
PerWarrant
|
0.32 | ||
CY2021 | claqu |
Per Warrant
PerWarrant
|
0.6 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2021Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
21562500 | shares |
CY2021Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
21562500 | shares |
claqu |
Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
|
17250000 | shares | |
CY2021 | claqu |
Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
|
17250000 | shares |
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | ||
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.016 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.011 | pure | |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure | |
CY2022Q2 | claqu |
Stock Price Per Share
StockPricePerShare
|
10.07 | |
CY2021Q4 | claqu |
Stock Price Per Share
StockPricePerShare
|
9.96 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
11.5 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
11.5 | |
claqu |
Probability Of Completing A Business Combination
ProbabilityOfCompletingABusinessCombination
|
0.38 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y1M6D | ||
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y7M6D | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.112 | pure | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.087 | pure |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.03 | pure | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.012 | pure |
claqu |
Fair Value Of Warrants
FairValueOfWarrants
|
0.32 | ||
CY2021 | claqu |
Fair Value Of Warrants
FairValueOfWarrants
|
0.39 | |
CY2021 | claqu |
Initial Measurement Of Public Warrants And Private Placement Warrants At July192021
InitialMeasurementOfPublicWarrantsAndPrivatePlacementWarrantsAtJuly192021
|
7980000 | usd |
CY2021 | claqu |
Initial Measurement Of Overallotment Warrants
InitialMeasurementOfOverallotmentWarrants
|
1071000 | usd |
CY2021 | claqu |
Transfer Of Public Warrants To Level1 Measurement
TransferOfPublicWarrantsToLevel1Measurement
|
-5175000 | usd |
CY2021 | us-gaap |
Servicing Liability At Fair Value Other Changes In Fair Value
ServicingLiabilityAtFairValueOtherChangesInFairValue
|
-1077750 | usd |
CY2021Q4 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
2798250 | usd |
CY2022Q1 | us-gaap |
Servicing Liability At Fair Value Other Changes In Fair Value
ServicingLiabilityAtFairValueOtherChangesInFairValue
|
-861000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
1937250 | usd |
CY2022Q2 | us-gaap |
Servicing Liability At Fair Value Other Changes In Fair Value
ServicingLiabilityAtFairValueOtherChangesInFairValue
|
358750 | usd |
CY2022Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
2296000 | usd |
CY2022Q2 | us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
503750 | usd |
CY2021Q2 | us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
0 | usd |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
2917250 | usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
0 | usd | |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
usd | |
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2021Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
usd | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
usd | ||
CY2021Q2 | us-gaap |
Franchisor Costs
FranchisorCosts
|
usd | |
us-gaap |
Franchisor Costs
FranchisorCosts
|
usd | ||
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
usd | ||
CY2021Q2 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
usd | |
us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
usd | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
usd | ||
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21562500 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21562500 | shares | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3750000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3750000 | shares | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | ||
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | ||
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | ||
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
usd | ||
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | ||
us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
usd | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
usd | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
usd | ||
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
usd | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
usd | ||
claqu |
Deferred Offering Costs Included In Promissory Note Related Party
DeferredOfferingCostsIncludedInPromissoryNoteRelatedParty
|
usd | ||
claqu |
Deferred Offering Costs Included In Accrued Offering Costs
DeferredOfferingCostsIncludedInAccruedOfferingCosts
|
usd | ||
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | |
CY2021 | claqu |
Probability Of Completing A Business Combination
ProbabilityOfCompletingABusinessCombination
|
pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
claqu |
Discount For Lack Of Marketability
DiscountForLackOfMarketability
|
pure | ||
CY2021 | claqu |
Discount For Lack Of Marketability
DiscountForLackOfMarketability
|
pure | |
CY2020Q4 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001849820 | ||
CY2021Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
usd |