2023 Q1 Form 10-K Financial Statement

#000121390023017591 Filed on March 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 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
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $443.7K $407.0K $1.271M
YoY Change 83.66% 810.33% 2720.31%
Operating Profit -$443.7K -$1.271M
YoY Change 83.66%
Interest Expense $1.268M $1.319M $8.938M
YoY Change -67.91% 118.41% 1379.65%
% of Operating Profit
Other Income/Expense, Net $100.0K $0.00
YoY Change -100.0%
Pretax Income $824.0K $912.3K $7.667M
YoY Change -77.78% 203.31% 2451.99%
Income Tax $383.1K $429.7K $499.2K
% Of Pretax Income 46.49% 47.11% 6.51%
Net Earnings $440.9K $482.6K $7.168M
YoY Change -88.11% 60.44% 2285.83%
Net Earnings / Revenue
Basic Earnings Per Share $0.02 $0.30
Diluted Earnings Per Share $0.02 $0.02 $0.30
COMMON SHARES
Basic Shares Outstanding 24.17M shares 24.17M shares 5.194M shares
Diluted Shares Outstanding 5.194M shares 5.194M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.61K $193.5K $193.5K
YoY Change -89.11% -73.9% -73.9%
Cash & Equivalents $55.61K $193.5K
Short-Term Investments
Other Short-Term Assets $292.4K $318.2K $318.2K
YoY Change -22.78% -4.27% -4.27%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $348.0K $511.7K $511.7K
YoY Change -61.95% -53.42% -53.42%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.39M $194.2M $194.2M
YoY Change -94.59% 1.18% 1.18%
Total Long-Term Assets $10.39M $194.2M $194.2M
YoY Change -94.59% 1.18% 1.18%
TOTAL ASSETS
Total Short-Term Assets $348.0K $511.7K $511.7K
Total Long-Term Assets $10.39M $194.2M $194.2M
Total Assets $10.74M $194.7M $194.7M
YoY Change -94.43% 0.87% 0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $463.0K $448.5K $448.5K
YoY Change 440.96% 327.53% 327.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.654M $935.8K $935.8K
YoY Change 3001.0% 778.55% 778.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.432M $857.8K $857.8K
YoY Change -57.1% -88.11% -88.11%
Total Long-Term Liabilities $1.432M $857.8K $857.8K
YoY Change -57.1% -88.11% -88.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.654M $935.8K $935.8K
Total Long-Term Liabilities $1.432M $857.8K $857.8K
Total Liabilities $4.087M $1.830M $1.830M
YoY Change 19.39% -75.0% -75.0%
SHAREHOLDERS EQUITY
Retained Earnings -$3.307M -$620.0K
YoY Change -89.51%
Common Stock $519.00 $519.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.307M -$619.5K $192.9M
YoY Change
Total Liabilities & Shareholders Equity $10.74M $194.7M $194.7M
YoY Change -94.43% 0.87% 0.87%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $440.9K $482.6K $7.168M
YoY Change -88.11% 60.44% 2285.83%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$966.6K -$179.4K -$581.2K
YoY Change 319.63% -72.92% -12.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $185.7M -$30.00 $33.45K
YoY Change -100.0% -100.02%
Cash From Investing Activities $185.7M -$30.00 $33.45K
YoY Change -100.0% -100.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$7.701M
YoY Change -103.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$184.8M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -$966.6K -179.4K -$581.2K
Cash From Investing Activities $185.7M -30.00 $33.45K
Cash From Financing Activities -$184.8M 0.000
Net Change In Cash -$137.9K -179.4K -$547.7K
YoY Change -40.14% -124.2% -173.9%
FREE CASH FLOW
Cash From Operating Activities -$966.6K -$179.4K -$581.2K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of these consolidated 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 consolidated financial statements.</p><p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></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 consolidated 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><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Credit Risk</i></b></span></p><p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
us-gaap Debt Instrument Term
DebtInstrumentTerm
P185D
CY2022 us-gaap Debt Instrument Term
DebtInstrumentTerm
P185D
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
194224782 usd
CY2022 nvac Gross Unrealized Gains
GrossUnrealizedGains
43626 usd
CY2022 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
194268408 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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nvac Gross Unrealized Losses
GrossUnrealizedLosses
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us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
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CY2022 nvac Payment Of Stock Issuance Costs
PaymentOfStockIssuanceCosts
7701178 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
258548 usd
CY2022 nvac Potential Shares Of Common Stock
PotentialSharesOfCommonStock
17404250 shares
CY2022 nvac Gross Proceeds
GrossProceeds
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CY2022 nvac Proceeds Allocated To Public Warrants
ProceedsAllocatedToPublicWarrants
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2021Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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CY2022Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
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CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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CY2021Q4 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
the Company sold 18,975,000 Units, (which included 2,475,000 Units issued pursuant to the full exercise of the over-allotment option) at a purchase price of $10.00 per Unit. Each unit that the Company is offering has a price of $10.00 and consists of one share of common stock, one right, and one-half of one redeemable warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share, subject to adjustment as described herein.
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.5
CY2022Q4 nvac Sale Of Stock Price Per Shares
SaleOfStockPricePerShares
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CY2022 nvac Equity Proceed Ownership Percentage
EquityProceedOwnershipPercentage
0.60 pure
CY2022Q4 us-gaap Share Price
SharePrice
18
CY2022 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
●in whole and not in part; ●at a price of $0.01 per warrant;   ●upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”);   ●if, and only if, the last sale price of the common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.  
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
7347500 usd
CY2021Q2 us-gaap Sponsor Fees
SponsorFees
25000 usd
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.005
CY2021Q2 nvac Shares Of Common Stock
SharesOfCommonStock
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CY2021Q2 nvac Common Stock Stated Value Per Share
CommonStockStatedValuePerShare
0.0001
CY2021Q4 nvac Shares Of Common Stock
SharesOfCommonStock
862500 shares
CY2021Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the Company effected a 1.1- for-1 stock dividend of its common stock
CY2021Q4 nvac Shares Of Common Stock
SharesOfCommonStock
4743750 shares
CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2022 nvac Common Stock Exceeds Per Share
CommonStockExceedsPerShare
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CY2021Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
150000 usd
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
200000 usd
CY2022 nvac Additional Advanced From Sponsor
AdditionalAdvancedFromSponsor
4841 usd
CY2022Q2 nvac Promissory Note
PromissoryNote
25000 usd
CY2022Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
1500000 usd
CY2022 nvac Warrants Price Per Share
WarrantsPricePerShare
1
CY2022 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
25000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1613 usd
CY2022 nvac Business Combination Percentage
BusinessCombinationPercentage
0.0368 pure
CY2022 nvac Gross Proceeds Amount
GrossProceedsAmount
6986250 usd
CY2022Q4 nvac Business Combination Percentage Rate
BusinessCombinationPercentageRate
0.0368 pure
CY2022Q4 nvac Cash Percentage
CashPercentage
0.275 pure
CY2022Q4 nvac Equity Percentage
EquityPercentage
0.725 pure
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
3570576 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
232484 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
7678 usd
CY2022 nvac Exercisable Per Share
ExercisablePerShare
11.5
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022Q4 us-gaap Equity Fair Value Disclosure
EquityFairValueDisclosure
155000000 usd
CY2022Q4 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
155000000 pure
CY2022Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
3875000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Shares Issued
SharesIssued
5175000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
862500 shares
CY2021Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
450000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5193750 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5193750 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5193750 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5193750 shares
CY2022Q4 nvac Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
18975000 shares
CY2022Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
36940 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
425 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
195544 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2022 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
857787 usd
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
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CY2022 nvac Aggregate Value Of Public Warrants
AggregateValueOfPublicWarrants
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nvac Aggregate Value Of Public Warrants
AggregateValueOfPublicWarrants
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0474 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0137 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P90Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.077 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.108 pure
CY2022Q4 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
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
10.13 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
9.07 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
232484 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8103 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
36940 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
462271 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-187441 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8103 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
224381 usd
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
8103 usd
CY2022 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
499211 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
0 usd
us-gaap Other Operating Income
OtherOperatingIncome
2023 usd
CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
224381 usd
CY2021Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
8103 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Beat Percent
EffectiveIncomeTaxRateReconciliationBeatPercent
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Beat Percent
EffectiveIncomeTaxRateReconciliationBeatPercent
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0 pure
CY2021 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 Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.174 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.418 pure
CY2022 nvac Warrant Issuance Costs Percentage
WarrantIssuanceCostsPercentage
0 pure
CY2021 nvac Warrant Issuance Costs Percentage
WarrantIssuanceCostsPercentage
0.181 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.029 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.027 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.065 pure
CY2022Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
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CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
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CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
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CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2022 nvac Offering Costs Allocated To Warrants
OfferingCostsAllocatedToWarrants
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 nvac Diluted Weighted Average Shares Outstanding Common Stock Subject To Possible Redemption
DilutedWeightedAverageSharesOutstandingCommonStockSubjectToPossibleRedemption
18975000 shares
nvac Diluted Weighted Average Shares Outstanding Common Stock Subject To Possible Redemption
DilutedWeightedAverageSharesOutstandingCommonStockSubjectToPossibleRedemption
738327 shares
nvac Basic Net Income Per Share Common Stock Subject To Possible Redemption
BasicNetIncomePerShareCommonStockSubjectToPossibleRedemption
0.06
CY2022 nvac Basic Net Income Per Share Common Stock Subject To Possible Redemption
BasicNetIncomePerShareCommonStockSubjectToPossibleRedemption
0.30
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4166586 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2022 us-gaap Payments To Acquire Trust Preferred Investments
PaymentsToAcquireTrustPreferredInvestments
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CY2022 us-gaap Payments To Acquire Other Receivables
PaymentsToAcquireOtherReceivables
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us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
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us-gaap Proceeds From Collection Of Other Receivables
ProceedsFromCollectionOfOtherReceivables
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CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 nvac Initial Classification Of Warrant Liabilities
InitialClassificationOfWarrantLiabilities
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CY2022Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
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CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
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CY2022 nvac Deferred Offering Costs Included In Accrued Offering Costs And Expenses
DeferredOfferingCostsIncludedInAccruedOfferingCostsAndExpenses
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CY2022 nvac Gross Unrealized Losses
GrossUnrealizedLosses
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nvac Gross Unrealized Gains
GrossUnrealizedGains
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CY2021Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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us-gaap Deferred State And Local Income Tax Expense Benefit
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us-gaap Other Income Tax Expense Benefit Continuing Operations
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001859807

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