2023 Q3 Form 10-Q Financial Statement
#000121390023068964 Filed on August 18, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $5.370M | $5.431M | |
YoY Change | -1.03% | -5.25% | |
Gross Profit | -$158.0K | -$54.87K | |
YoY Change | -42.23% | -90.91% | |
Gross Profit Margin | |||
Selling, General & Admin | $988.5K | $1.015M | |
YoY Change | -24.81% | -20.36% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $592.9K | $592.9K | |
YoY Change | 0.0% | -34.99% | |
% of Gross Profit | |||
Operating Expenses | $116.7K | $120.0K | $107.7K |
YoY Change | -75.74% | -17.01% | -73.78% |
Operating Profit | -$116.7K | -$123.7K | -$162.5K |
YoY Change | -75.74% | -14.41% | -83.97% |
Interest Expense | -$9.390K | $0.00 | $214.6K |
YoY Change | -90.41% | -100.0% | -1066.85% |
% of Operating Profit | |||
Other Income/Expense, Net | -$9.394K | $1.385K | $2.570K |
YoY Change | -90.4% | -98.73% | -310.66% |
Pretax Income | -$126.1K | -$120.0K | $107.0K |
YoY Change | -78.22% | 237.65% | -124.72% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$126.1K | -$122.4K | $107.0K |
YoY Change | -78.22% | 244.26% | -124.72% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.07 | -$0.06 | -$0.11 |
Diluted Earnings Per Share | -$0.07 | -$0.06 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 1.815M shares | 1.816M shares | 2.076M shares |
Diluted Shares Outstanding | 1.914M shares | 1.916M shares | 10.07M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.608M | $4.597M | $6.111M |
YoY Change | -85.23% | -88.95% | -87.18% |
Cash & Equivalents | $4.608M | $4.597M | $6.111M |
Short-Term Investments | |||
Other Short-Term Assets | $32.52K | $0.00 | $740.00 |
YoY Change | -37.43% | -100.0% | -99.97% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $189.2K | $102.8K | |
Other Receivables | $2.039M | $0.00 | $0.00 |
Total Short-Term Assets | $4.608M | $4.597M | $6.112M |
YoY Change | -85.26% | -88.97% | -87.18% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $391.2K | $6.602M | $6.602M |
YoY Change | -94.07% | -41.06% | 0.0% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $4.608M | $4.597M | $6.112M |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $4.608M | $4.597M | $6.112M |
YoY Change | -85.26% | -88.97% | -87.18% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $138.7K | $470.0K | $315.0K |
YoY Change | -58.83% | 316.29% | 1.75% |
Accrued Expenses | $450.2K | $424.9K | |
YoY Change | -2.66% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $4.181M | $4.030M | $3.651M |
YoY Change | 20.05% | 37.54% | 124.62% |
Long-Term Debt Due | $17.50K | ||
YoY Change | |||
Total Short-Term Liabilities | $4.651M | $4.504M | $3.966M |
YoY Change | 21.77% | 48.01% | 104.96% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $19.58K | $10.00K | $10.64K |
YoY Change | -91.31% | -91.6% | -94.1% |
Total Long-Term Liabilities | $422.4K | $10.00K | $10.64K |
YoY Change | 87.5% | -91.6% | -94.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.651M | $4.504M | $3.966M |
Total Long-Term Liabilities | $422.4K | $10.00K | $10.64K |
Total Liabilities | $4.671M | $4.514M | $3.976M |
YoY Change | 15.47% | 42.76% | 87.98% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.550M | -$8.327M | -$7.800M |
YoY Change | 9.06% | 20.69% | 36.55% |
Common Stock | $3.880M | $3.880M | $3.880M |
YoY Change | 0.0% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$4.669M | -$4.447M | -$3.920M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.608M | $4.597M | $6.112M |
YoY Change | -85.26% | -88.97% | -87.18% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$126.1K | -$122.4K | $107.0K |
YoY Change | -78.22% | 244.26% | -124.72% |
Depreciation, Depletion And Amortization | $592.9K | $592.9K | |
YoY Change | 0.0% | -34.99% | |
Cash From Operating Activities | -$121.0K | -$70.00K | -$78.25K |
YoY Change | -14.04% | -67.37% | -64.82% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $460.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 132.0K | 210.0K | -25.01M |
YoY Change | -101.3% | 110.0% | -1910.57% |
NET CHANGE | |||
Cash From Operating Activities | -121.0K | -70.00K | -78.25K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 132.0K | 210.0K | -25.01M |
Net Change In Cash | 11.05K | 140.0K | -25.09M |
YoY Change | -99.96% | -222.25% | 11256.1% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$121.0K | -$70.00K | -$78.25K |
Capital Expenditures | $460.00 | ||
Free Cash Flow | -$70.46K | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1915531 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1932251 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5755372 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
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|
-0.06 | |
us-gaap |
Earnings Per Share Diluted
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|
-0.09 | ||
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
||
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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||
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DocumentType
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10-Q | ||
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Document Period End Date
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2023-06-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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Document Transition Report
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001-39341 | ||
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Entity Registrant Name
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BRILLIANT ACQUISITION CORPORATION | ||
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D8 | ||
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Floor 20-21 | ||
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No. 55 Loushanguan Road | ||
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Changning District | ||
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|
Shanghai | ||
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159203 | shares | |
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Cash And Cash Equivalents At Carrying Value
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|
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Prepaid Expense And Other Assets Current
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Weighted Average Number Of Shares Outstanding Basic
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us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1513759 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-243669 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6110807 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
283403 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4597048 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
39734 | usd |
brli |
Remeasurement Adjustment Of Ordinary Shares To Redemption Value
RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue
|
183700 | usd | |
brli |
Remeasurement Adjustment Of Ordinary Shares To Redemption Value
RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue
|
638542 | usd | |
CY2020Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10 | |
CY2020Q2 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P180D | |
CY2020Q2 | brli |
Gross Proceed
GrossProceed
|
6210000 | usd |
CY2020Q2 | us-gaap |
Cash Reserve Deposit Required And Made
CashReserveDepositRequiredAndMade
|
6000000 | usd |
brli |
Aggregate Amounts
AggregateAmounts
|
46000000 | usd | |
us-gaap |
Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
|
2069154 | usd | |
us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
1610000 | usd | |
brli |
Other Offering Cost
OtherOfferingCost
|
459154 | usd | |
CY2023Q2 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
67497 | usd |
CY2023Q2 | brli |
Fair Market Value Percentage
FairMarketValuePercentage
|
0.80 | pure |
CY2023Q2 | brli |
Additional Price Per Share
AdditionalPricePerShare
|
0.32 | |
CY2023Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.1 | |
CY2021Q2 | us-gaap |
Deposit Assets
DepositAssets
|
460000 | usd |
CY2021Q3 | us-gaap |
Deposit Assets
DepositAssets
|
460000 | usd |
CY2021Q4 | us-gaap |
Deposit Assets
DepositAssets
|
460000 | usd |
CY2022Q1 | us-gaap |
Shares Issued
SharesIssued
|
633792 | shares |
CY2022Q1 | brli |
Aggregate Amounts
AggregateAmounts
|
6529259 | usd |
CY2022Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.3 | |
CY2022Q1 | us-gaap |
Deposit Assets
DepositAssets
|
101406 | usd |
CY2022Q1 | brli |
Aggregate Amount Shares
AggregateAmountShares
|
633792 | shares |
CY2022Q3 | brli |
Aggregate Amount Shares
AggregateAmountShares
|
1025281 | shares |
CY2022Q3 | brli |
Aggregate Amounts
AggregateAmounts
|
10742906 | usd |
CY2022Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.48 | |
CY2022Q4 | brli |
Public Ordinary Per Share
PublicOrdinaryPerShare
|
0.04 | |
CY2022Q4 | brli |
Aggregate Amount Shares
AggregateAmountShares
|
2375991 | shares |
CY2022Q4 | brli |
Aggregate Amounts
AggregateAmounts
|
25180851 | usd |
CY2022Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.6 | |
CY2022 | brli |
Redemption Of Share1
RedemptionOfShare1
|
1025281 | shares |
CY2022Q4 | brli |
Description Of Deposite
DescriptionOfDeposite
|
On November 18, 2022, Nukkleus deposited $22,600 into the Trust Account, representing $0.04 per public ordinary share that was not redeemed in connection with extending the business combination completion window until November 23, 2022. On December 19, 2022, Nukkleus deposited $22,600 into the Trust Account, representing $0.04 per public ordinary share that was not redeemed in connection with extending the business combination completion window until January 23, 2023. On January 19, 2023, the shareholders of the Company approved the extension of the period of time the Company has to consummate its initial business combination from January 23, 2023 to up to not later than April 23, 2023, extendable by the Company on a monthly basis without further shareholder approval upon deposit of $0.04 per public ordinary share of the Company (the “Top-up Amount”). Notwithstanding the Top-up Amount, the Company undertook to increase the amount to be paid into the Trust Account for each monthly extension from $0.04 to $0.0525. Subsequently, the Company has committed to increase the amount to be paid into the Trust Account for any extension from February 23, 2023 to March 23, 2023 and from March 23, 2023 to April 23, 2023 to $0.08 per ordinary share outstanding. In connection with the extension, Nukkleus deposited $21,350 into the Trust Account, representing $0.0525 per public ordinary share that was not redeemed in connection with extending the business combination completion window until February 23, 2023. In connection with a special meeting to approve the extension of the business combination period, the Company’s shareholders elected to redeem an aggregate amount of 159,203 shares, and the Company redeemed such shares for an aggregate amount of $1,706,347, or approximately $10.72 per share | |
CY2023Q1 | us-gaap |
Deposit Assets
DepositAssets
|
32500 | usd |
CY2023Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.08 | |
CY2023Q2 | brli |
Public Per Share
PublicPerShare
|
0.08 | |
CY2023Q2 | us-gaap |
Deposit Assets
DepositAssets
|
32450 | usd |
brli |
Aggregate Amount Shares
AggregateAmountShares
|
258 | shares | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
2821 | usd | |
CY2023Q2 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
10.93 | |
CY2023Q2 | us-gaap |
Deposit Assets
DepositAssets
|
32450 | usd |
CY2023Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.08 | |
CY2023Q2 | us-gaap |
Deposit Assets
DepositAssets
|
32450 | usd |
CY2023Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.08 | |
CY2023Q2 | us-gaap |
Deposit Assets
DepositAssets
|
32300 | usd |
brli |
Aggregate Amount Of Shares
AggregateAmountOfShares
|
1779 | shares | |
brli |
Aggregate Amounts
AggregateAmounts
|
19837 | usd | |
brli |
Aggregate Price Per Share
AggregatePricePerShare
|
11.17 | ||
brli |
Redeemption Percent
RedeemptionPercent
|
1 | pure | |
us-gaap |
Other Expenses
OtherExpenses
|
50000 | usd | |
CY2023Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
67497 | usd |
CY2023Q2 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
1572423 | usd |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
32300 | usd | |
us-gaap |
Trustee Fees
TrusteeFees
|
32300 | usd | |
CY2022 | brli |
Less Redemption Of Shares1
LessRedemptionOfShares1
|
10742905 | shares |
CY2022 | brli |
Redemption Of Share2
RedemptionOfShare2
|
2375991 | shares |
CY2022 | brli |
Less Redemption Of Shares2
LessRedemptionOfShares2
|
-25180851 | shares |
CY2022 | brli |
Add Accretion Of Carrying Value To Redemption Value
AddAccretionOfCarryingValueToRedemptionValue
|
64950 | shares |
CY2022 | brli |
Reclassification Of Temporary Equity
ReclassificationOfTemporaryEquity
|
1055394 | shares |
CY2022Q4 | brli |
Ordinary Shares Subject To Possible Redemption1
OrdinarySharesSubjectToPossibleRedemption1
|
6055016 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the financial statements in conformity with 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 income and expenses during the reporting period.</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 financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
brli |
Cash And Noncash Equivalents
CashAndNoncashEquivalents
|
67497 | usd | |
CY2022 | brli |
Cash And Noncash Equivalents
CashAndNoncashEquivalents
|
55789 | usd |
CY2022Q1 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
633792 | shares |
CY2022Q3 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
1025281 | shares |
CY2022Q4 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
2375991 | shares |
CY2023Q1 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
159203 | shares |
CY2023Q2 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
258 | shares |
brli |
Subject To Possible Redemption
SubjectToPossibleRedemption
|
405475 | shares | |
CY2022 | brli |
Subject To Possible Redemption
SubjectToPossibleRedemption
|
564936 | shares |
brli |
Common Stock Per Share
CommonStockPerShare
|
10 | ||
CY2021Q4 | brli |
Ordinary Shares Subject To Possible Redemption1
OrdinarySharesSubjectToPossibleRedemption1
|
47387687 | usd |
CY2022 | brli |
Redemption Of Share
RedemptionOfShare
|
633792 | shares |
CY2022 | brli |
Less Redemption Of Shares
LessRedemptionOfShares
|
6529259 | shares |
brli |
Less Redemption Of Shares3
LessRedemptionOfShares3
|
-1706347 | shares | |
brli |
Redemption Of Shares4
RedemptionOfShares4
|
258 | shares | |
brli |
Less Redemption Of Shares4
LessRedemptionOfShares4
|
-2821 | shares | |
brli |
Reclassifications Of Temporary To Permanent Equity1
ReclassificationsOfTemporaryToPermanentEquity1
|
183700 | shares | |
CY2023Q2 | brli |
Ordinary Shares Subject To Possible Redemption1
OrdinarySharesSubjectToPossibleRedemption1
|
4529548 | usd |
CY2023Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-122363 | usd |
CY2022Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-35544 | usd |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-342866 | usd | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-495826 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1915531 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5477208 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1932251 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5755372 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-align: justify; 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">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 and management believes the Company is not exposed to significant risks on such account.</p> | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
us-gaap |
Increase Decrease In Fair Value Of Price Risk Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
|
460 | usd | |
brli |
Business Combination
BusinessCombination
|
P1Y | ||
brli |
Ordinary Exceeds Per Share
OrdinaryExceedsPerShare
|
12.5 | ||
brli |
Public Per Share Outstanding
PublicPerShareOutstanding
|
0.04 | ||
CY2021Q4 | brli |
Trust Account Management Expense
TrustAccountManagementExpense
|
1000 | usd |
CY2023Q1 | brli |
Trust Account Management Expense
TrustAccountManagementExpense
|
500 | usd |
CY2022Q1 | brli |
Aggregate Of Shares
AggregateOfShares
|
633792 | shares |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
2821 | usd | |
CY2023Q2 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
10.93 | |
CY2023Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
32450 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
32450 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
32300 | usd |
CY2023Q2 | us-gaap |
Deposits
Deposits
|
0.08 | usd |
brli |
Aggregate Of Shares
AggregateOfShares
|
1779 | shares | |
CY2023Q2 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
19837 | usd |
brli |
Aggregate Per Share
AggregatePerShare
|
11.17 | ||
brli |
Working Capital
WorkingCapital
|
1165600 | usd | |
us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
195000 | usd | |
brli |
Aggregate Amount
AggregateAmount
|
1610000 | usd | |
CY2023Q2 | brli |
Cash Fee Equal Percentage
CashFeeEqualPercentage
|
0.01 | pure |
CY2020Q2 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | |
CY2023Q2 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
261000 | shares |
us-gaap |
Increase Decrease In Fair Value Of Price Risk Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1
|
61383 | usd | |
brli |
Volatility
Volatility
|
0.0318 | pure | |
CY2022 | brli |
Volatility
Volatility
|
0.034 | pure |
CY2023Q2 | us-gaap |
Share Price
SharePrice
|
11.3 | |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
10.72 | |
brli |
Expected Life Of The Warrants To Converts
ExpectedLifeOfTheWarrantsToConverts
|
P5Y21D | ||
CY2022 | brli |
Expected Life Of The Warrants To Converts
ExpectedLifeOfTheWarrantsToConverts
|
P5Y2M23D | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0417 | pure | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0404 | pure |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
180479 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
5041 | usd |
CY2022Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
175438 | usd |
CY2022Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
56342 | usd |
CY2022Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
119096 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10643 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-925 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
11568 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
1385 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10183 | usd |
CY2023Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.08 | |
brli |
Aggregate Amount Of Shares
AggregateAmountOfShares
|
1779 | shares | |
CY2023Q2 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
19837 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
11.17 | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
us-gaap |
Preferred Stock Shares Authorized Unlimited
PreferredStockSharesAuthorizedUnlimited
|
Unlimited | ||
CY2022 | us-gaap |
Preferred Stock Shares Authorized Unlimited
PreferredStockSharesAuthorizedUnlimited
|
Unlimited | |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
CY2023Q2 | us-gaap |
Marketable Securities
MarketableSecurities
|
usd | |
CY2022Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
000000 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001787518 |