2021 Q2 Form 10-Q Financial Statement
#000110465921103713 Filed on August 12, 2021
Income Statement
Concept | 2021 Q2 |
---|---|
Revenue | $0.00 |
YoY Change | |
Cost Of Revenue | $0.00 |
YoY Change | |
Gross Profit | $3.360M |
YoY Change | |
Gross Profit Margin | |
Selling, General & Admin | $4.701M |
YoY Change | |
% of Gross Profit | 139.91% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $171.0K |
YoY Change | |
% of Gross Profit | 5.09% |
Operating Expenses | $4.872M |
YoY Change | |
Operating Profit | -$1.512M |
YoY Change | |
Interest Expense | $6.667M |
YoY Change | |
% of Operating Profit | |
Other Income/Expense, Net | -$2.726M |
YoY Change | |
Pretax Income | -$7.280M |
YoY Change | |
Income Tax | $0.00 |
% Of Pretax Income | |
Net Earnings | -$7.280M |
YoY Change | |
Net Earnings / Revenue | |
Basic Earnings Per Share | |
Diluted Earnings Per Share | -$159.3K |
COMMON SHARES | |
Basic Shares Outstanding | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q2 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $572.1K |
YoY Change | |
Cash & Equivalents | $1.808M |
Short-Term Investments | |
Other Short-Term Assets | $93.05K |
YoY Change | |
Inventory | |
Prepaid Expenses | $93.05K |
Receivables | |
Other Receivables | |
Total Short-Term Assets | $665.1K |
YoY Change | |
LONG-TERM ASSETS | |
Property, Plant & Equipment | |
YoY Change | |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | $230.0M |
YoY Change | |
Other Assets | |
YoY Change | |
Total Long-Term Assets | $230.0M |
YoY Change | |
TOTAL ASSETS | |
Total Short-Term Assets | $665.1K |
Total Long-Term Assets | $230.0M |
Total Assets | $230.7M |
YoY Change | |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | |
YoY Change | |
Accrued Expenses | $2.832M |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $2.832M |
YoY Change | |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $19.30M |
YoY Change | |
Total Long-Term Liabilities | $19.30M |
YoY Change | |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $2.832M |
Total Long-Term Liabilities | $19.30M |
Total Liabilities | $22.13M |
YoY Change | |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$2.090M |
YoY Change | |
Common Stock | |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | -$21.46M |
YoY Change | |
Total Liabilities & Shareholders Equity | $230.7M |
YoY Change |
Cashflow Statement
Concept | 2021 Q2 |
---|---|
OPERATING ACTIVITIES | |
Net Income | -$7.280M |
YoY Change | |
Depreciation, Depletion And Amortization | $171.0K |
YoY Change | |
Cash From Operating Activities | -$228.6K |
YoY Change | |
INVESTING ACTIVITIES | |
Capital Expenditures | -$296.0K |
YoY Change | |
Acquisitions | |
YoY Change | |
Other Investing Activities | $0.00 |
YoY Change | |
Cash From Investing Activities | $0.00 |
YoY Change | |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -5.450K |
YoY Change | |
NET CHANGE | |
Cash From Operating Activities | -228.6K |
Cash From Investing Activities | 0.000 |
Cash From Financing Activities | -5.450K |
Net Change In Cash | -234.0K |
YoY Change | |
FREE CASH FLOW | |
Cash From Operating Activities | -$228.6K |
Capital Expenditures | -$296.0K |
Free Cash Flow | $67.43K |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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33137 | ||
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City Area Code
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305 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
573-3900 | ||
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Entity Current Reporting Status
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Yes | ||
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Entity Interactive Data Current
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Commitments And Contingencies
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Preferred Stock Value
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Preferred Stock Value
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CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
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|
0 | |
CY2021Q2 | us-gaap |
Preferred Stock Shares Outstanding
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dei |
Entity Central Index Key
EntityCentralIndexKey
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0001802450 | ||
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Current Fiscal Year End Date
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--12-31 | ||
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Document Fiscal Year Focus
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2021 | ||
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Q2 | ||
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Preferred Stock Shares Outstanding
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Document Period End Date
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2021-06-30 | ||
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Document Transition Report
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Entity File Number
EntityFileNumber
|
001-39445 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Lionheart Acquisition Corporation II | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
84-4117825 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
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4218 NE 2nd Avenue | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
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Miami | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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FL | ||
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Assets Current
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Assets
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Accrued Liabilities Current
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1163558 | |
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2832174 | |
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Liabilities Current
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Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
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Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
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Deferred Underwriting Fee Payable
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8050000 | |
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Liabilities
Liabilities
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Temporary Equity Carrying Amount Attributable To Parent
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Temporary Equity Carrying Amount Attributable To Parent
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Authorized
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Operating Income Loss
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us-gaap |
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Investment Income Interest
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us-gaap |
Investment Income Interest
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|
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Fair Value Adjustment Of Warrants
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us-gaap |
Fair Value Adjustment Of Warrants
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|
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Nonoperating Income Expense
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Nonoperating Income Expense
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Net Income Loss
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Dissolution Expenses Payable
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Assets Held In Trust
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Working Capital Deficit Net
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Cash
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Deferred Offering Costs Included In Accrued Offering Costs
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Stockholders Equity
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Adjustments To Additional Paid In Capital Other
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4641710 | |
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Stockholders Equity
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Stockholders Equity
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Stockholders Equity
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Stock Issued During Period Value New Issues
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CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24000 | |
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Net Income Loss
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|
0 | |
CY2020Q2 | us-gaap |
Stockholders Equity
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Profit Loss
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Fair Value Adjustment Of Warrants
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|
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us-gaap |
Investment Income Interest
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|
6833 | ||
us-gaap |
Increase Decrease In Prepaid Expense
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|
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us-gaap |
Increase Decrease In Accrued Liabilities
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|
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us-gaap |
Net Cash Provided By Used In Operating Activities
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|
-452971 | ||
us-gaap |
Payments For Proceeds From Businesses And Interest In Affiliates
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities
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|
13368 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
25000 | ||
us-gaap |
Proceeds From Related Party Debt
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|
73171 | ||
us-gaap |
Payments Of Stock Issuance Costs
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|
5450 | ||
us-gaap |
Payments Of Stock Issuance Costs
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|
79793 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
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|
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us-gaap |
Net Cash Provided By Used In Financing Activities
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|
18378 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-445053 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
18378 | ||
CY2020Q4 | us-gaap |
Cash
Cash
|
1017137 | |
CY2019Q4 | us-gaap |
Cash
Cash
|
0 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of condensed 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 financial statements and the reported amounts of revenues and expenses during the reporting periods.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p> | ||
CY2021Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2020Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2021Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2021Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account.</p> | ||
CY2020Q3 | lcapu |
Related Party Transaction General And Administrative Services Expense Per Month
RelatedPartyTransactionGeneralAndAdministrativeServicesExpensePerMonth
|
15000 | |
lcapu |
Proceeds Held In Trust Account To Repay Working Capital Loans
ProceedsHeldInTrustAccountToRepayWorkingCapitalLoans
|
0 | ||
lcapu |
Related Party Transaction Price Per Unit Upon Consummation Of Business Combination
RelatedPartyTransactionPricePerUnitUponConsummationOfBusinessCombination
|
10.00 | ||
CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2020Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2021Q2 | lcapu |
Percentage Of Common Stock Outstanding For Conversion Basis
PercentageOfCommonStockOutstandingForConversionBasis
|
0.20 |