2022 Q4 Form 10-K Financial Statement
#000121390023025507 Filed on March 31, 2023
Income Statement
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
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 | -$47.56K | $1.250M | $2.557M |
YoY Change | -103.37% | -51.09% | |
Operating Profit | -$1.250M | -$2.557M | |
YoY Change | -51.09% | ||
Interest Expense | $1.868M | $9.031M | $7.582M |
YoY Change | 134.19% | 19.1% | |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $9.031M | -$438.3K |
YoY Change | -2160.51% | ||
Pretax Income | $1.915M | $7.781M | $4.588M |
YoY Change | -412.3% | 69.6% | |
Income Tax | $259.6K | $384.0K | |
% Of Pretax Income | 13.55% | 4.93% | |
Net Earnings | $1.656M | $7.397M | $4.588M |
YoY Change | -369.98% | 61.23% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.09 | $0.40 | $256.7K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $990.00 | $990.00 | $194.0K |
YoY Change | -99.49% | -99.49% | |
Cash & Equivalents | $985.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $0.00 | $63.61K |
YoY Change | -100.0% | -100.0% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $985.00 | $990.00 | $257.7K |
YoY Change | -99.62% | -99.62% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $154.0M | $154.0M | $151.8M |
YoY Change | 1.45% | 1.45% | |
Other Assets | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Assets | $154.0M | $154.0M | $151.8M |
YoY Change | 1.45% | 1.45% | 84219.52% |
TOTAL ASSETS | |||
Total Short-Term Assets | $985.00 | $990.00 | $257.7K |
Total Long-Term Assets | $154.0M | $154.0M | $151.8M |
Total Assets | $154.0M | $154.0M | $152.0M |
YoY Change | 1.28% | 1.28% | 84362.66% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $248.1K | $248.1K | $391.5K |
YoY Change | -36.64% | -36.64% | 3815.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.639M | $2.639M | $1.117M |
YoY Change | 136.18% | 136.18% | 698.01% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.899M | $2.899M | $1.509M |
YoY Change | 92.13% | 92.13% | 905.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $5.378M | $5.378M | $12.22M |
YoY Change | -55.97% | -55.97% | |
Total Long-Term Liabilities | $5.378M | $5.378M | $12.22M |
YoY Change | -55.97% | -55.97% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.899M | $2.899M | $1.509M |
Total Long-Term Liabilities | $5.378M | $5.378M | $12.22M |
Total Liabilities | $8.276M | $8.276M | $13.72M |
YoY Change | -39.69% | -39.69% | 9049.25% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.224M | ||
YoY Change | -38.78% | ||
Common Stock | $0.00 | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$8.223M | $145.7M | $138.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $154.0M | $154.0M | $152.0M |
YoY Change | 1.28% | 1.28% | 84362.66% |
Cashflow Statement
Concept | 2022 Q4 | 2022 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.656M | $7.397M | $4.588M |
YoY Change | -369.98% | 61.23% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$496.6K | -$1.428M | -$2.182M |
YoY Change | -55.44% | -34.54% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $482.5K | -$12.16K | -$151.7M |
YoY Change | -99.99% | ||
Cash From Investing Activities | $482.5K | -$12.16K | -$151.7M |
YoY Change | -99.99% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | $1.248M | 154.1M |
YoY Change | -100.0% | -99.19% | |
NET CHANGE | |||
Cash From Operating Activities | -496.6K | -$1.428M | -2.182M |
Cash From Investing Activities | 482.5K | -$12.16K | -151.7M |
Cash From Financing Activities | 0.000 | $1.248M | 154.1M |
Net Change In Cash | -14.14K | -$193.0K | 194.0K |
YoY Change | -87.66% | -199.51% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$496.6K | -$1.428M | -$2.182M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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Offering Costs Allocated To Warrants
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usd | |
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10-K | |
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true | |
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2022-12-31 | |
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--12-31 | |
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2022 | |
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001-39901 | |
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OCA Acquisition Corp. | |
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DE | |
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85-2218652 | |
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1345 Avenue of the Americas | |
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33rd Floor | |
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New York | |
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NY | |
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10105 | |
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(212) | |
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201-8533 | |
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Shares of Class A common stock, par value $0.0001 per share, included as part of the Units | |
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OCAX | |
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NASDAQ | |
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WithumSmith+Brown, PC | |
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|
543234 | usd |
CY2022 | ocax |
Dissolution Expenses
DissolutionExpenses
|
100000 | usd |
CY2022Q4 | us-gaap |
Tangible Capital
TangibleCapital
|
5000001 | usd |
CY2022 | ocax |
Outstanding Shares Percentage
OutstandingSharesPercentage
|
1 | pure |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.15 | |
CY2022Q4 | us-gaap |
Cash
Cash
|
985 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
194034 | usd |
CY2022Q4 | us-gaap |
Capital Units
CapitalUnits
|
2897658 | usd |
CY2021Q4 | us-gaap |
Capital Units
CapitalUnits
|
1251072 | usd |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.01 | pure |
CY2022Q3 | ocax |
Fair Market Value Percentage
FairMarketValuePercentage
|
0.01 | pure |
CY2022 | 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 the 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 period.</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 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: 0pt 0; text-align: justify"> </p> | |
CY2020Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
141451 | usd |
CY2022 | ocax |
Debt Investment Term
DebtInvestmentTerm
|
P185D | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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. However, any loss or lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations and cash flows.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd |
CY2022 | ocax |
Accretion Of Accumulated Deficit
AccretionOfAccumulatedDeficit
|
2186477 | usd |
CY2021 | ocax |
Accretion Of Accumulated Deficit
AccretionOfAccumulatedDeficit
|
18044947 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
487500 | shares |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
780567 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
622333 | usd |
CY2022Q4 | ocax |
Deferred Tax Assets Valuation Allowance Other
DeferredTaxAssetsValuationAllowanceOther
|
780567 | usd |
CY2021Q4 | ocax |
Deferred Tax Assets Valuation Allowance Other
DeferredTaxAssetsValuationAllowanceOther
|
622333 | usd |
CY2022 | ocax |
Business Combination Description
BusinessCombinationDescription
|
The Sponsor has agreed not to transfer, assign or sell its founder shares until the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Company’s initial Business Combination, (x) if the last sale price of the Company’s Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of its stockholders having the right to exchange their shares of Common Stock for cash, securities or other property. | |
CY2022 | ocax |
Warrant Description
WarrantDescription
|
Each Unit consists of one share of Class A Common Stock, and one-half of one redeemable warrant to purchase one share of Class A Common Stock (the “Public Warrants”). | |
CY2022 | ocax |
Weighted Average Trading Pricedescription
WeightedAverageTradingPricedescription
|
In addition, if (x) the Company issues additional shares of Class A Common Stock or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A Common Stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Company’s Sponsor or its affiliates, without taking into account any founder shares held by the Company’s Sponsor or its affiliates, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s Common Stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates the initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price (as further described below) will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. | |
CY2022 | ocax |
Warrants For Redemption Description
WarrantsForRedemptionDescription
|
Once the warrants become exercisable, the Company may call the warrants for redemption: ● 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 to each warrant holder; and ● if, and only if, the reported last sale price of the Class A Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending three business days before the Company send the notice of redemption to the warrant holders. | |
CY2022 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
7057500 | usd |
CY2022 | ocax |
Obligation To Redeem Public Shares Percentage
ObligationToRedeemPublicSharesPercentage
|
1 | pure |
CY2021Q1 | ocax |
Additional Borrowings On Promissory Note
AdditionalBorrowingsOnPromissoryNote
|
10800 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1500000 | usd |
CY2022Q3 | us-gaap |
Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
|
747500 | usd |
CY2022Q3 | ocax |
Per Public Share
PerPublicShare
|
0.05 | |
CY2022Q4 | ocax |
Cash Deposited In Trust Account
CashDepositedInTrustAccount
|
270000 | usd |
CY2021Q1 | us-gaap |
Payments For Rent
PaymentsForRent
|
15000 | usd |
CY2022Q4 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
45000 | usd |
CY2021Q4 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
30000 | usd |
CY2022 | us-gaap |
Legal Fees
LegalFees
|
108678 | usd |
CY2022 | ocax |
Sponsor Shared Services Value
SponsorSharedServicesValue
|
67338 | usd |
CY2021 | us-gaap |
Other General Expense
OtherGeneralExpense
|
87223 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
117223 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | us-gaap |
Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
|
The Company’s initial stockholders have agreed not to transfer, assign or sell its founder shares until the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Company’s initial Business Combination, (x) if the last sale price of the Company’s Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of its stockholders having the right to exchange their shares of Common Stock for cash, securities or other property. Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial stockholders with respect to any founder shares. | |
CY2022 | us-gaap |
Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
|
In the case that additional shares of Class A Common Stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in this prospectus and related to the closing of the initial Business Combination, the ratio at which shares of Class B Common Stock shall convert into shares of Class A Common Stock will be adjusted (unless the holders of a majority of the outstanding shares of Class B Common Stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A Common Stock issuable upon conversion of all shares of Class B Common Stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of Common Stock outstanding upon the completion of this offering plus all shares of Class A Common Stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination or any private placement-equivalent units issued to the Sponsor or its affiliates upon conversion of loans made to the Company). | |
CY2022Q4 | ocax |
Us Money Market Held In Trust Account
USMoneyMarketHeldInTrustAccount
|
153980991 | usd |
CY2022Q4 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
153980991 | usd |
CY2022Q4 | ocax |
Public Warrants Liability
PublicWarrantsLiability
|
74750 | usd |
CY2022Q4 | ocax |
Private Placement Warrants Liability
PrivatePlacementWarrantsLiability
|
70575 | usd |
CY2022Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
145325 | usd |
CY2021Q4 | ocax |
Us Money Market Held In Trust Account
USMoneyMarketHeldInTrustAccount
|
151775132 | usd |
CY2021Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
6982658 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0473 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0131 | pure |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P1Y | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y6M | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0414 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0846 | 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 | |
CY2022Q4 | ocax |
Stock Price
StockPrice
|
10.27 | |
CY2021Q4 | ocax |
Stock Price
StockPrice
|
9.92 | |
CY2022Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
780662 | usd |
CY2021Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
537146 | usd |
CY2022Q4 | ocax |
Federal Net Operating Loss
FederalNetOperatingLoss
|
95 | usd |
CY2021Q4 | ocax |
Federal Net Operating Loss
FederalNetOperatingLoss
|
-85187 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
780567 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
622334 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
780567 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
622334 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
383965 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-158233 | usd |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
622334 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
158233 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-622334 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
383965 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
158233 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
622334 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.1846 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.3456 | pure |
CY2022 | ocax |
Effective Income Tax Rate Reconciliation Acquisition Facilitative Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionFacilitativeExpenses
|
0.0034 | pure |
CY2021 | ocax |
Effective Income Tax Rate Reconciliation Acquisition Facilitative Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionFacilitativeExpenses
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.02 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.1356 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0488 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
|
6837333 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost
|
124504 | usd |
CY2022 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
7173 | usd |
CY2022 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
11049283 | shares |
CY2022Q4 | ocax |
Shares Issued Price Per Shares
SharesIssuedPricePerShares
|
10.31 | |
CY2022Q4 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
114017035 | usd |
CY2021Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
usd | |
CY2022 | ocax |
Offering Costs Allocated To Warrants
OfferingCostsAllocatedToWarrants
|
usd | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
usd | |
CY2021 | ocax |
Interest Withdrawn From Trust Account To Pay For Franchise And Federal Income Taxes
InterestWithdrawnFromTrustAccountToPayForFranchiseAndFederalIncomeTaxes
|
usd | |
CY2022 | us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2022 | ocax |
Deferred Offering Costs Included In Accrued Offering Costs And Expenses
DeferredOfferingCostsIncludedInAccruedOfferingCostsAndExpenses
|
usd | |
CY2022 | ocax |
Deferred Underwriting Commissions Payable Charged To Additional Paid In Capital
DeferredUnderwritingCommissionsPayableChargedToAdditionalPaidInCapital
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001820175 |