2023 Q2 Form 10-Q Financial Statement

#000121390023040837 Filed on May 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
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 $314.7K $443.7K $241.6K
YoY Change 44.67% 83.66%
Operating Profit -$314.7K -$443.7K -$241.6K
YoY Change 44.68% 83.66%
Interest Expense $122.6K $1.268M $3.951M
YoY Change -91.59% -67.91%
% of Operating Profit
Other Income/Expense, Net $1.066M $100.0K
YoY Change -26.77%
Pretax Income $874.3K $824.0K $3.709M
YoY Change -29.43% -77.78%
Income Tax $21.91K $383.1K
% Of Pretax Income 2.51% 46.49%
Net Earnings $852.4K $440.9K $3.709M
YoY Change -29.69% -88.11%
Net Earnings / Revenue
Basic Earnings Per Share $0.14 $0.02 $0.15
Diluted Earnings Per Share $0.14 $0.02 $153.5K
COMMON SHARES
Basic Shares Outstanding 6.168M shares 24.17M shares 5.194M shares
Diluted Shares Outstanding 5.194M shares 5.194M shares 5.194M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.810K $55.61K $510.9K
YoY Change -98.79% -89.11%
Cash & Equivalents $5.811K $55.61K $510.9K
Short-Term Investments
Other Short-Term Assets $229.9K $292.4K $378.6K
YoY Change -34.69% -22.78%
Inventory
Prepaid Expenses
Receivables $25.00K
Other Receivables $0.00
Total Short-Term Assets $235.7K $348.0K $914.5K
YoY Change -71.69% -61.95%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.66M $10.39M $192.0M
YoY Change -94.45% -94.59%
Total Long-Term Assets $10.66M $10.39M $192.0M
YoY Change -94.45% -94.59%
TOTAL ASSETS
Total Short-Term Assets $235.7K $348.0K $914.5K
Total Long-Term Assets $10.66M $10.39M $192.0M
Total Assets $10.90M $10.74M $192.9M
YoY Change -94.35% -94.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses $427.0K $463.0K $85.59K
YoY Change 231.74% 440.96%
Deferred Revenue
YoY Change
Short-Term Debt $311.0K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.967M $2.654M $85.59K
YoY Change 1751.82% 3001.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $424.1K $1.432M $3.338M
YoY Change -79.25% -57.1%
Total Long-Term Liabilities $424.1K $1.432M $3.338M
YoY Change -79.25% -57.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.967M $2.654M $85.59K
Total Long-Term Liabilities $424.1K $1.432M $3.338M
Total Liabilities $3.391M $4.087M $3.424M
YoY Change 53.9% 19.39%
SHAREHOLDERS EQUITY
Retained Earnings -$2.874M -$3.307M
YoY Change 156.45%
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 -$2.874M -$3.307M -$2.200M
YoY Change
Total Liabilities & Shareholders Equity $10.90M $10.74M $192.9M
YoY Change -94.35% -94.43%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $852.4K $440.9K $3.709M
YoY Change -29.69% -88.11%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$273.3K -$966.6K -$230.4K
YoY Change 329.4% 319.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$146.1K $185.7M
YoY Change -536.44%
Cash From Investing Activities -$146.1K $185.7M
YoY Change -536.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 369.6K -$184.8M
YoY Change
NET CHANGE
Cash From Operating Activities -273.3K -$966.6K -230.4K
Cash From Investing Activities -146.1K $185.7M
Cash From Financing Activities 369.6K -$184.8M
Net Change In Cash -49.80K -$137.9K -230.4K
YoY Change 65.12% -40.14%
FREE CASH FLOW
Cash From Operating Activities -$273.3K -$966.6K -$230.4K
Capital Expenditures
Free Cash Flow
YoY Change

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DebtInstrumentTerm
P185D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
862500 shares
CY2022Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
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CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
194224782 usd
CY2022 us-gaap Closed Block Dividend Obligation Change In Unrealized Investment Gains Losses
ClosedBlockDividendObligationChangeInUnrealizedInvestmentGainsLosses
43626 usd
CY2022 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
194268408 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.4649 pure
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0 pure
CY2023Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21 usd
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21 usd
CY2022Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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CY2022Q1 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
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CY2023Q1 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
17404250 shares
CY2023Q1 us-gaap Limited Partners Offering Costs
LimitedPartnersOfferingCosts
7959726 usd
CY2023Q1 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
3450000 usd
CY2023Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3570576 usd
CY2023Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
259527 usd
CY2023Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
679623 usd
CY2023Q1 nvac Payment Of Stock Issuance Costs
PaymentOfStockIssuanceCosts
7701178 usd
CY2023Q1 nvac Shares Of Common Stock
SharesOfCommonStock
17404250 shares
CY2021Q2 us-gaap Sponsor Fees
SponsorFees
25000 usd
CY2021Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.005
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022 nvac Gross Proceeds
GrossProceeds
189750000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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CY2022 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
7701178 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
15680910 usd
CY2022 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
193525484 usd
CY2023Q1 nvac Partial Redemption
PartialRedemption
-184845836 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1279617 usd
CY2023Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
9959265 usd
CY2023Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
9.2
CY2023Q1 nvac Equity Proceed Ownership Percentage
EquityProceedOwnershipPercentage
0.60 pure
CY2023Q1 us-gaap Share Price
SharePrice
18
CY2023Q1 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.  
CY2022Q1 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2021Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On December 20, 2021, the Company effected a 1.1- for-1 stock dividend of its common stock, resulting in the Sponsor holding an aggregate of 4,743,750 shares of common stock. The Founder Shares include an aggregate of up to 618,750 shares subject to forfeiture if the over-allotment option is not exercised by the underwriters in full.
CY2023Q1 nvac Common Stock Exceeds Per Share
CommonStockExceedsPerShare
12
CY2021Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
150000 usd
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
200000 usd
CY2023Q1 us-gaap Other Borrowings
OtherBorrowings
200000 usd
CY2023Q1 nvac Additional Advanced From Sponsor
AdditionalAdvancedFromSponsor
4841 usd
CY2022Q2 nvac Promissory Note
PromissoryNote
25000 usd
CY2023Q1 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
1500000 usd
CY2023Q1 nvac Warrants Price Per Share
WarrantsPricePerShare
1
CY2023Q1 nvac Rental Expenses
RentalExpenses
5000 usd
CY2023Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
15000 usd
CY2022Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
15000 usd
CY2023Q1 nvac Business Combination Percentage
BusinessCombinationPercentage
0.0368 pure
CY2023Q1 nvac Gross Proceeds Amount
GrossProceedsAmount
6986250 usd
CY2023Q1 nvac Business Combination Percentage Rate
BusinessCombinationPercentageRate
0.0368 pure
CY2023Q1 nvac Cash Percentage
CashPercentage
0.275 pure
CY2023Q1 nvac Equity Percentage
EquityPercentage
0.725 pure
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
3570576 usd
CY2023Q1 nvac Exercisable Per Share
ExercisablePerShare
11.5
CY2023Q1 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2023Q1 us-gaap Equity Fair Value Disclosure
EquityFairValueDisclosure
155000000 usd
CY2023Q1 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
155000000 pure
CY2023Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
3875000 usd
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2021Q2 us-gaap Sponsor Fees
SponsorFees
25000 usd
CY2021Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.005
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
862500 shares
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2022 nvac Gross Unrealized Losses
GrossUnrealizedLosses
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CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5193750 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5193750 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2021Q4 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
the Company effected a 1.1- for-1 stock dividend of its common stock, resulting in an aggregate of 4,743,750 Founder Shares issued and outstanding. On December 22, 2021, the Company has also issued 450,000 shares (Representative’s Shares) of common stock (which included 37,500 Representative Shares issued pursuant to the full exercise of the over-allotment option) at the consummation of the IPO to I-Bankers and Dawson James (and/or their designees).
CY2023Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
5193750 shares
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
5193750 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5193750 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5193750 shares
CY2023Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
974132 shares
CY2022Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
18975000 shares
CY2023Q1 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
1431924 usd
CY2022 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
857787 usd
CY2023Q1 nvac Aggregate Value Of Public Warrants
AggregateValueOfPublicWarrants
759000 usd
CY2022 nvac Aggregate Value Of Public Warrants
AggregateValueOfPublicWarrants
450656 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0476 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0474 pure
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P80Y
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P90Y
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.084 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.077 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
11.5
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
11.5
CY2023Q1 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
10.34 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
10.13 usd
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
NorthView Acquisition Corp
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001859807

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0001213900-23-040837.txt Edgar Link pending
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f10q0323ex31-1_northviewacq.htm Edgar Link pending
f10q0323ex31-2_northviewacq.htm Edgar Link pending
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f10q0323_northviewacq_htm.xml Edgar Link completed
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