2022 Q4 Form 10-K Financial Statement
#000141057823000553 Filed on March 31, 2023
Income Statement
Concept | 2022 Q4 | 2022 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | $1.513M | |
YoY Change | ||
Gross Profit | -$360.7K | |
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $52.76K | $205.6K |
YoY Change | -67.83% | 25.33% |
% of Gross Profit | ||
Research & Development | $952.7K | |
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $24.81K | |
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $3.385M | $5.309M |
YoY Change | 714.9% | 806.94% |
Operating Profit | -$5.309M | |
YoY Change | ||
Interest Expense | $592.0K | $1.372M |
YoY Change | 2999.37% | 6441.2% |
% of Operating Profit | ||
Other Income/Expense, Net | $245.2K | $4.489M |
YoY Change | -459.35% | -21.25% |
Pretax Income | -$2.547M | $551.5K |
YoY Change | 448.44% | -89.26% |
Income Tax | $108.1K | $214.9K |
% Of Pretax Income | 38.96% | |
Net Earnings | -$2.656M | $336.7K |
YoY Change | 471.72% | -93.44% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$0.22 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $30.87K | $30.87K |
YoY Change | -93.19% | -93.19% |
Cash & Equivalents | $30.87K | |
Short-Term Investments | $29.03M | |
Other Short-Term Assets | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $18.98K | $18.98K |
Other Receivables | $900.2K | $900.2K |
Total Short-Term Assets | $30.87K | $30.87K |
YoY Change | -94.24% | -94.24% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $83.10K | $83.10K |
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $29.03M | $29.03M |
YoY Change | -75.26% | -75.26% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $29.03M | $29.03M |
YoY Change | -75.26% | -75.26% |
TOTAL ASSETS | ||
Total Short-Term Assets | $30.87K | $30.87K |
Total Long-Term Assets | $29.03M | $29.03M |
Total Assets | $29.06M | $29.06M |
YoY Change | -75.34% | -75.34% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.815M | |
YoY Change | ||
Accrued Expenses | $1.750M | $1.750M |
YoY Change | 1289.05% | 1289.05% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $11.50K | $11.50K |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.976M | $1.976M |
YoY Change | 581.47% | 581.47% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.753M | $2.753M |
YoY Change | ||
Other Long-Term Liabilities | $4.388M | $4.388M |
YoY Change | -50.57% | -50.57% |
Total Long-Term Liabilities | $7.140M | $7.140M |
YoY Change | -19.56% | -19.56% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.976M | $1.976M |
Total Long-Term Liabilities | $7.140M | $7.140M |
Total Liabilities | $9.117M | $9.117M |
YoY Change | -0.55% | -0.55% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$11.63M | |
YoY Change | 35.11% | |
Common Stock | $455.00 | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$8.806M | $19.94M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $29.06M | $29.06M |
YoY Change | -75.34% | -75.34% |
Cashflow Statement
Concept | 2022 Q4 | 2022 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$2.656M | $336.7K |
YoY Change | 471.72% | -93.44% |
Depreciation, Depletion And Amortization | $24.81K | |
YoY Change | ||
Cash From Operating Activities | -$143.9K | -$940.5K |
YoY Change | 78.65% | 148.48% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $58.14K | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$213.0K | -$2.246M |
YoY Change | -98.09% | |
Cash From Investing Activities | -$213.0K | -$2.246M |
YoY Change | -98.09% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 152.9K | 2.764M |
YoY Change | -97.66% | |
NET CHANGE | ||
Cash From Operating Activities | -143.9K | -940.5K |
Cash From Investing Activities | -213.0K | -2.246M |
Cash From Financing Activities | 152.9K | 2.764M |
Net Change In Cash | -204.0K | -422.3K |
YoY Change | 153.29% | -193.19% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$143.9K | -$940.5K |
Capital Expenditures | $58.14K | |
Free Cash Flow | -$998.6K | |
YoY Change |
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Amount Deposited Into Trust Account On Execution Of Two One Month Extensions
AmountDepositedIntoTrustAccountOnExecutionOfTwoOneMonthExtensions
|
245840 | |
CY2022 | dkdcu |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
2545838 | |
dkdcu |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
117300000 | ||
CY2022 | dkdcu |
Proceeds From Interest Withdrawn From Trust Account
ProceedsFromInterestWithdrawnFromTrustAccount
|
299601 | |
dkdcu |
Proceeds From Interest Withdrawn From Trust Account
ProceedsFromInterestWithdrawnFromTrustAccount
|
0 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2246237 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-117300000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
25000 | ||
dkdcu |
Net Proceeds From Initial Public Offering
NetProceedsFromInitialPublicOffering
|
112700000 | ||
dkdcu |
Proceeds From Sale Of Private Units
ProceedsFromSaleOfPrivateUnits
|
5852750 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
446112 | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
78925 | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
78925 | ||
CY2022 | dkdcu |
Advances From Related Parties
AdvancesFromRelatedParties
|
11500 | |
dkdcu |
Advances From Related Parties
AdvancesFromRelatedParties
|
0 | ||
CY2022 | dkdcu |
Proceeds From Working Capital Loan
ProceedsFromWorkingCapitalLoan
|
207081 | |
dkdcu |
Proceeds From Working Capital Loan
ProceedsFromWorkingCapitalLoan
|
0 | ||
CY2022 | dkdcu |
Proceeds From Extension Loan
ProceedsFromExtensionLoan
|
2545838 | |
dkdcu |
Proceeds From Extension Loan
ProceedsFromExtensionLoan
|
0 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2764419 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
118131638 | ||
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-422281 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
453151 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
453151 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30870 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
453151 | |
CY2022 | dkdcu |
Remeasurement Of Class Common Stock Subject To Possible Redemption
RemeasurementOfClassCommonStockSubjectToPossibleRedemption
|
3359593 | |
dkdcu |
Remeasurement Of Class Common Stock Subject To Possible Redemption
RemeasurementOfClassCommonStockSubjectToPossibleRedemption
|
0 | ||
CY2022 | dkdcu |
Redemption Of Class Common Stock Held In Trust Including Interest
RedemptionOfClassCommonStockHeldInTrustIncludingInterest
|
91909483 | |
dkdcu |
Redemption Of Class Common Stock Held In Trust Including Interest
RedemptionOfClassCommonStockHeldInTrustIncludingInterest
|
0 | ||
dkdcu |
Deferred Underwriting Fee Payable
DeferredUnderwritingFeePayable
|
4025000 | ||
dkdcu |
Initial Fair Value Of Warrant Liabilities
InitialFairValueOfWarrantLiabilities
|
11176949 | ||
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Data Knights Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on February 8, 2021. The Company was formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">As of December 31, 2022, the Company had not yet commenced any operations. All activity for the period February 8, 2021 (inception) through December 31, 2022, relates to the Company’s formation and the initial public offering (the “Initial Public Offering”), and, since the closing of the initial public offering, the Company has entered into a merger agreement (as described below), and continued a search for a Business Combination candidate. The Company has selected December 31 as its fiscal year end.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The registration statement for the Company’s Initial Public Offering was declared effective on May 6, 2021. On May 11, 2021, the Company consummated the Initial Public Offering of 11,500,000 units (“Units” and, with respect to the shares of Class A Common Stock included in the Units offered, the “Public Shares”), generating gross proceeds of $115,000,000, which is described in Note 3.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 585,275 private placement units (the “Private Placement Units”) at a price of $10.00 per unit in a private placement to the Sponsor, generating gross proceeds of $5,852,750, which is described in Note 4.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Following the closing of the Initial Public Offering on May 11, 2021, an amount of $117,300,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement Units was placed in a trust account (“Trust Account”) which may be invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account to the Company’s stockholders, as described below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Transaction costs of the Initial Public Offering amounted to $6,771,112, of which $2,300,000 was for underwriting fees paid at the time of the IPO, $4,025,000 was for deferred underwriting commissions, and $446,112 was for other offering costs. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Following the closing of the Initial Public Offering $959,560 of cash was held outside of the Trust Account available for working capital purposes. As of December 31, 2022, the Company has $30,870 of cash and a working capital deficit of $1,945,267.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. NASDAQ rules provide that the Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (as defined below) (less any deferred underwriting commissions and taxes payable on interest earned on the Trust Account) at the time of the signing of a definitive agreement to enter a Business Combination. The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On April 25, 2022, the Company, Data Knights Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and Data Knights, LLC, the Company’s sponsor (the “Sponsor”), entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with OneMedNet Corporation, Inc., a Delaware corporation (the “Target”, and together with the Company and Merger Sub, the “Parties”) and Paul Casey, as seller representative (“Casey”). Pursuant to the Merger Agreement, upon the closing (the “Closing”) of the Business Combination, the Parties will effect the merger of Merger Sub with and into the Target, with the Target continuing as the surviving entity (the “Merger”), as a result of which all of the issued and outstanding capital stock of the Target shall be exchanged shares of the Class A Common Stock of the Company upon the terms set forth in the Merger Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On May 5, 2022, the Company extended the date by which the Company has to consummate a business combination from May 11, 2022 to August 11, 2022 (the “First Extension”). The First Extension was the first of two three-month extensions permitted under the Company’s governing documents.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On August 10, 2022, the Company extended the date by which the Company has to consummate a business combination from August 11, 2022 to November 11, 2022 (the “Second Extension”). The Second Extension was the second of two three-month extensions permitted under the Company’s governing documents. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On October 27, 2022, the Company filed a definitive proxy statement with the SEC in connection with the Company’s solicitation of proxies for the vote by the stockholders of the Company at a special meeting of the Company’s stockholders to be held on November 11, 2022 (the “Special Meeting”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On November 11, 2022, at 10:00 a.m. ET, the Company held a virtual special meeting of its stockholders. At the special meeting, Company stockholders entitle to vote at the special meeting cast their votes and approved the Trust Amendment Proposal, pursuant to which the Trust Agreement was amended to extend the date on which Continental must liquidate the Trust Account established in connection with the IPO if the Company has not completed its initial business combination, from November 11, 2022 to August 11, 2023 (or such earlier date after November 11, 2022, as determined by the Data Knights Board). As a part of Special Meeting, the Company’s stockholders approved amendments to its second amended and restated certificate of incorporation (the “Extension Amendment”) and the investment management trust agreement (the “Trust Agreement”) between Continental Stock Transfer & Trust Company, as trustee (“Continental”), and the Company governing the trust account (the “Trust Account”) established in connection with the Company’s initial public offering dated May 11, 2021 (the “Trust Amendment”), which together allow the Company to extend the deadline by which it must complete its initial business combination by up to nine one-month periods. In connection with each such extension, Data Knights, LLC, the Company’s sponsor, shall cause $0.045 per outstanding share of the Company’s Class A Common Stock, or approximately $122,920, to be deposited in the Trust Account. As of December 31, 2022, the Company has executed two one-month extensions, out of the nine, resulting in deposits of approximately $245,840 into the Trust Account.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">In connection with the proposed Business Combination with the Target, the Company will provide its public stockholders with the opportunity to redeem all or a portion of their Class A Common Stock upon the completion of such Business Combination in connection with a stockholder meeting called to approve such Business Combination. In the event the proposed Business Combination with the Target is not consummated, in connection with an alternative proposed initial business combination, the Company will provide its public stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. In connection with a proposed Business Combination, the Company may seek stockholder approval of a Business Combination at a meeting called for such purpose at which stockholders may seek to redeem their shares, regardless of whether they vote for or against a Business Combination. The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $5,000,001 either immediately prior to or upon such consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the outstanding shares voted are voted in favor of the Business Combination. In connection with the voting on the Extension Amendment Proposal and the Trust Amendment Proposal at the special meeting, holders of 8,768,456 shares of Class A Common Stock exercised their right to redeem those shares for cash at an approximate price of $10.42 per share, for an aggregate of approximately $91.4 million. Following the payment of the redemptions, the Trust Account had a balance of approximately $28.5 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">Based on the above, the Company will have until August 11, 2023 to consummate a Business Combination. If the Company is unable to complete a Business Combination on August 11, 2023 at the election of the Company subject to satisfaction of certain conditions, including the deposit of up $2,300,000 since the underwriters’ over-allotment option is exercised in full ($0.10 per unit), into the Trust Account, or as extended by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation) (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes (less up to $100,000 of interest to pay dissolution expenses), </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations under Delaware law to provide for claims of creditors and the requirements of applicable law. The underwriter has agreed to waive its rights to the deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). There will be no redemption rights or liquidating distributions with respect to the Founder Shares (as defined below) or the shares of Class A Common Stock and the warrants that are included as components of the Private Placement Units. Such warrants will expire worthless if the Company fails to complete a Business Combination within the Combination Period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.20 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the day of liquidation of the Trust Account, if less than $10.20 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriter of Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has the Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and believe that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure its stockholders that the Sponsor would be able to satisfy those obligations. None of the Company’s officers or directors will indemnify the Company for claims by third parties including, without limitation, claims by vendors and prospective target businesses. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Going Concern, Liquidity and Capital Resources</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">As of December 31, 2022 and 2021, the Company had cash held outside of the Trust Account of $30,780 and $453,151, respectively. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete our initial business combination. As of December 31, 2022 and 2021, the Company had working capital surplus (deficit) of $(1,945,267) and $246,232, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company’s liquidity needs prior to the consummation of its IPO were satisfied through the proceeds of $25,000 from the sale of the Founder Shares and proceed from the promissory note from sponsor of $78,925, which was repaid upon closure of the IPO. Subsequent to the IPO, the Company’s liquidity will be satisfied through a portion of the net proceeds from IPO held outside of the Trust Account. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">As of December 31, 2022 and 2021, we had investments of $29,029,416 and $117,320,973 held in the Trust Account, respectively. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less taxes paid and deferred underwriting commissions) to complete our initial business combination. We may withdraw interest to pay taxes. During the period ended December 31, 2022, we withdraw $299,601 of interest earned on the Trust Account to pay Delaware Franchise Tax. During the period ended December 31, 2021, we did not withdraw any interest earned on the Trust Account. To the extent that our capital stock or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The accompanying consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplates the continuation of the Company as a going concern and the realization of assets and the satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Further, we have incurred and expect to continue to incur significant costs in pursuit of our financing and acquisition plans. Management plans to </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">address this uncertainty during the period leading up to the business combination, however this cannot be guaranteed. The Company will have until August 23, 2023 to consummate a Business Combination. If our initial business combination is not consummated by August 23, 2023, less than one year after the date the financial statements are issued, then our existence will terminate, and we will distribute all amounts in the trust account. The Company intends to complete a business combination before the liquidation date and no adjustments have been made to the carrying amounts of assets or liabilities should the company be required to liquidate after such date. There can be no assurance that the Company will be able to consummate an initial business combination by August 23, 2023 and/or have sufficient working capital and borrowing capacity to meet its needs. Based upon the above analysis, management determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">In order to fund working capital deficiencies or finance transaction costs in connection with our initial Business Combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial Business Combination, we would repay such loaned amounts. In the event that our initial Business Combination does not close, we may use a portion of the working capital held outside the Trust Accounts to repay such loaned amounts but no proceeds from our Trust Accounts would be used for such repayment. Up to $1,500,000 of such loans may be convertible into units identical to the Placement Units, at a price of $10.00 per unit at the option of the lender.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Risks and Uncertainties</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Management is currently evaluating the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of the financial statement. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into law. The IR Act provides for, among other measures, a new 1% U.S. federal excise tax on certain repurchases (including redemptions) of stock by publicly traded domestic (i.e., U.S.) corporations. The excise tax is imposed on the repurchasing corporation itself, not its shareholders from whom the shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased. For purposes of calculating the excise tax, however, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury Department”) has been given authority to provide regulations and other guidance to carry out, and prevent the abuse or avoidance of, the excise tax. The IR Act applies only to repurchases that occur after December 31, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">Any redemption or other repurchase effected by us that occurs after December 31, 2022, in connection with a Business Combination or otherwise, may be subject to this excise tax. Whether and to what extent we would be subject to the excise tax in connection with a Business Combination will depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, (ii) the nature and amount of any PIPE financing or other equity issuances in connection with the Business Combination (or any other equity issuances within the same taxable year of the Business Combination) and (iii) the content of any regulations and other guidance issued by the Treasury Department and/or the Internal Revenue Service. In addition, because the excise tax would be payable by us and not by the redeeming holder, it could cause a reduction in the value of our stock. The foregoing could cause a reduction in the cash available on hand to complete a business Combination in the required time and redeem 100% of our public shares in accordance with our amended and restated certificate of incorporation) could be subject to the excise tax, in which case the amount that would otherwise be received by our stockholders in connection with our liquidation may be reduced.</p> | |
CY2021Q1 | dkdcu |
Condition For Future Business Combination Number Of Businesses Minimum
ConditionForFutureBusinessCombinationNumberOfBusinessesMinimum
|
1 | |
CY2021Q2 | dkdcu |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
117300000 | |
CY2021Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.00 | |
CY2022Q4 | dkdcu |
Working Capital Deficit
WorkingCapitalDeficit
|
-1945267 | |
CY2022 | dkdcu |
Threshold Minimum Aggregate Fair Market Value As Percentage Of Assets Held In Trust Account
ThresholdMinimumAggregateFairMarketValueAsPercentageOfAssetsHeldInTrustAccount
|
0.80 | |
CY2022 | dkdcu |
Threshold Percentage Of Outstanding Voting Securities Of Target To Be Acquired By Post Transaction Company To Complete Business Combination
ThresholdPercentageOfOutstandingVotingSecuritiesOfTargetToBeAcquiredByPostTransactionCompanyToCompleteBusinessCombination
|
0.50 | |
CY2022Q2 | dkdcu |
Number Of Three Month Extensions Permitted For Consummating Initial Business Combination
NumberOfThreeMonthExtensionsPermittedForConsummatingInitialBusinessCombination
|
2 | |
CY2022Q2 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P3M | |
CY2022Q3 | dkdcu |
Number Of Three Month Extensions Permitted For Consummating Initial Business Combination
NumberOfThreeMonthExtensionsPermittedForConsummatingInitialBusinessCombination
|
2 | |
CY2022Q3 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P3M | |
CY2022Q4 | dkdcu |
Number Of One Month Extensions Permitted For Consummating Initial Business Combination
NumberOfOneMonthExtensionsPermittedForConsummatingInitialBusinessCombination
|
9 | |
CY2022Q4 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P1M | |
CY2022Q4 | dkdcu |
Additional Amount Per Unit Required To Be Deposited In Trust Account
AdditionalAmountPerUnitRequiredToBeDepositedInTrustAccount
|
0.045 | |
CY2022Q4 | dkdcu |
Amount To Be Deposited In Trust Account In Connection With Exercise Of First Monthly Extension
AmountToBeDepositedInTrustAccountInConnectionWithExerciseOfFirstMonthlyExtension
|
122920 | |
CY2022Q4 | dkdcu |
Number Of One Month Extensions Executed
NumberOfOneMonthExtensionsExecuted
|
2 | |
CY2022 | dkdcu |
Extension Period Each Time For Company To Consummate Initial Business Combination
ExtensionPeriodEachTimeForCompanyToConsummateInitialBusinessCombination
|
P1M | |
CY2022 | dkdcu |
Number Of One Month Extensions Permitted For Consummating Initial Business Combination
NumberOfOneMonthExtensionsPermittedForConsummatingInitialBusinessCombination
|
9 | |
CY2022Q4 | dkdcu |
Minimum Net Tangible Asset Upon Consummation Of Business Combination
MinimumNetTangibleAssetUponConsummationOfBusinessCombination
|
5000001 | |
CY2022Q4 | dkdcu |
Common Stock Holders Exercised Their Right To Redeem Shares For Cash Number Of Shares
CommonStockHoldersExercisedTheirRightToRedeemSharesForCashNumberOfShares
|
8768456 | |
CY2022Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.42 | |
CY2022Q4 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
91400000 | |
CY2022Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
28500000 | |
CY2022 | dkdcu |
Maximum Net Interest To Pay Dissolution Expenses
MaximumNetInterestToPayDissolutionExpenses
|
100000 | |
CY2022Q4 | dkdcu |
Class Of Warrant Or Right Price Of Warrants Or Rights
ClassOfWarrantOrRightPriceOfWarrantsOrRights
|
10.20 | |
CY2022Q4 | dkdcu |
Class Of Warrant Or Right Price Of Warrants Or Rights
ClassOfWarrantOrRightPriceOfWarrantsOrRights
|
10.20 | |
CY2022Q4 | dkdcu |
Cash Held Outside In Trust Account
CashHeldOutsideInTrustAccount
|
30780 | |
CY2021Q4 | dkdcu |
Cash Held Outside In Trust Account
CashHeldOutsideInTrustAccount
|
453151 | |
CY2022Q4 | dkdcu |
Working Capital Deficit
WorkingCapitalDeficit
|
-1945267 | |
CY2021Q4 | dkdcu |
Working Capital Deficit
WorkingCapitalDeficit
|
246232 | |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
78925 | |
CY2022Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
29029416 | |
CY2021Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
117320973 | |
CY2022 | dkdcu |
Proceeds From Interest Withdrawn From Trust Account
ProceedsFromInterestWithdrawnFromTrustAccount
|
299601 | |
CY2022 | us-gaap |
Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
|
1500000 | |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
10.00 | |
CY2022Q4 | dkdcu |
Percentage Of Public Shares To Be Redeemed.
PercentageOfPublicSharesToBeRedeemed.
|
1 | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of 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 revenues and expenses during the reporting period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p> | |
CY2022Q4 | us-gaap |
Cash
Cash
|
30870 | |
CY2021Q4 | us-gaap |
Cash
Cash
|
453151 | |
CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2021Q4 | dkdcu |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
117300000 | |
CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.00 | |
CY2022 | dkdcu |
Warrant Exercisable
WarrantExercisable
|
12085275 | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Concentration of credit risk</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentration 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. At December 31, 2022 and 2021, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</p> | |
CY2022 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P3M | |
CY2022 | dkdcu |
Aggregate Period To Consummate Initial Business Combination
AggregatePeriodToConsummateInitialBusinessCombination
|
P18M | |
CY2022 | dkdcu |
Number Of Business Days For Advance Notice Of Extension To Be Given
NumberOfBusinessDaysForAdvanceNoticeOfExtensionToBeGiven
|
5 | |
CY2022 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P3M | |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2022 | dkdcu |
Period From Closing Of Company Initial Public Offering To Consummate Business Combination
PeriodFromClosingOfCompanyInitialPublicOfferingToConsummateBusinessCombination
|
P12M | |
CY2022 | dkdcu |
Number Of Three Month Extensions Permitted For Consummating Initial Business Combination
NumberOfThreeMonthExtensionsPermittedForConsummatingInitialBusinessCombination
|
2 | |
CY2022 | dkdcu |
Aggregate Period To Consummate Initial Business Combination
AggregatePeriodToConsummateInitialBusinessCombination
|
P18M | |
CY2022 | dkdcu |
Period From Closing Of Company Initial Public Offering To Consummate Business Combination
PeriodFromClosingOfCompanyInitialPublicOfferingToConsummateBusinessCombination
|
P12M | |
CY2022 | dkdcu |
Aggregate Period To Consummate Initial Business Combination
AggregatePeriodToConsummateInitialBusinessCombination
|
P18M | |
CY2022Q4 | dkdcu |
Extension Period For Consummating Initial Business Combination
ExtensionPeriodForConsummatingInitialBusinessCombination
|
P1M | |
CY2022Q4 | dkdcu |
Additional Amount Per Unit Required To Be Deposited In Trust Account
AdditionalAmountPerUnitRequiredToBeDepositedInTrustAccount
|
0.045 | |
CY2022Q4 | dkdcu |
Amount To Be Deposited In Trust Account In Connection With Exercise Of First Monthly Extension
AmountToBeDepositedInTrustAccountInConnectionWithExerciseOfFirstMonthlyExtension
|
122920 | |
CY2022Q4 | dkdcu |
Extension Loans Non Current
ExtensionLoansNonCurrent
|
2545838 | |
CY2021Q4 | dkdcu |
Extension Loans Non Current
ExtensionLoansNonCurrent
|
0 | |
CY2022Q4 | dkdcu |
Maximum Number Of Demands For Registration Of Securities
MaximumNumberOfDemandsForRegistrationOfSecurities
|
3 | |
CY2022 | dkdcu |
Underwriting Discount Percentage
UnderwritingDiscountPercentage
|
0.0200 | |
CY2022 | dkdcu |
Underwriting Discount Paid
UnderwritingDiscountPaid
|
2300000 | |
CY2022 | dkdcu |
Deferred Underwriting Fees Percentage
DeferredUnderwritingFeesPercentage
|
0.0350 | |
CY2022Q4 | dkdcu |
Carrying Value As Of Balance Sheet Date Of Deferred Underwriting Commissions Incurred Through That Date And Due After One Year Or Beyond Operating Cycle If Longer.
CarryingValueAsOfBalanceSheetDateOfDeferredUnderwritingCommissionsIncurredThroughThatDateAndDueAfterOneYearOrBeyondOperatingCycleIfLonger.
|
4025000 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2021Q1 | dkdcu |
Fair Value Assets And Liabilities Transfers Between Level1 To Level2 Amount
FairValueAssetsAndLiabilitiesTransfersBetweenLevel1ToLevel2Amount
|
0 | |
CY2021Q1 | dkdcu |
Fair Value Assets And Liabilities Transfers Between Level1 To Level2 Amount
FairValueAssetsAndLiabilitiesTransfersBetweenLevel1ToLevel2Amount
|
0 | |
dkdcu |
Fair Value Assets And Liabilities Transfers Between Level1 To Level2 Amount
FairValueAssetsAndLiabilitiesTransfersBetweenLevel1ToLevel2Amount
|
0 | ||
CY2022 | dkdcu |
Fair Value Assets And Liabilities Transfers Between Level1 To Level2 Amount
FairValueAssetsAndLiabilitiesTransfersBetweenLevel1ToLevel2Amount
|
0 | |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
214850 | |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-715345 | |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-118531 | ||
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
715345 | |
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
118531 | ||
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
214850 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
31893 | |
CY2022Q4 | dkdcu |
Start Up Costs
StartUpCosts
|
833875 | |
CY2021Q4 | dkdcu |
Start Up Costs
StartUpCosts
|
88493 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
833875 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
120386 | |
CY2021Q4 | dkdcu |
Unrealized Gain On Investment In Trust Account
UnrealizedGainOnInvestmentInTrustAccount
|
1855 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
833875 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1855 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
833875 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
118531 | |
CY2022Q4 | dkdcu |
U.S.Federal And State Net Operating Loss
U.s.FederalAndStateNetOperatingLoss
|
0 | |
CY2021Q4 | dkdcu |
U.S.Federal And State Net Operating Loss
U.s.FederalAndStateNetOperatingLoss
|
162132 | |
CY2022Q4 | dkdcu |
Limitation On Annual Taxable Income
LimitationOnAnnualTaxableIncome
|
0.80 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
833875 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
118531 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | ||
CY2022 | dkdcu |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Derivative Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfDerivativeLiabilities
|
-1.7093 | |
dkdcu |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Derivative Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfDerivativeLiabilities
|
-0.2589 | ||
CY2022 | dkdcu |
Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
|
0.5918 | |
dkdcu |
Effective Income Tax Rate Reconciliation Transaction Costs Allocated To Warrant Issuance
EffectiveIncomeTaxRateReconciliationTransactionCostsAllocatedToWarrantIssuance
|
0.0257 | ||
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1.2971 | |
us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.0232 | ||
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.3896 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 |