2023 Q4 Form 10-K Financial Statement
#000121390024057365 Filed on July 01, 2024
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $10.69M |
YoY Change | -100.0% | 162.25% | |
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 | -$441.2K | $470.4K | $833.9K |
YoY Change | -146.54% | -29.21% | -70.35% |
Operating Profit | -$470.4K | -$833.9K | |
YoY Change | -29.21% | -70.35% | |
Interest Expense | $1.596M | $2.596M | $10.69M |
YoY Change | -33.23% | 103.62% | 162.27% |
% of Operating Profit | |||
Other Income/Expense, Net | $97.80K | -$243.0K | $660.0K |
YoY Change | -88.41% | 258.78% | -91.53% |
Pretax Income | $2.471M | $1.883M | $10.42M |
YoY Change | 8.08% | 246.86% | 15.05% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $2.471M | $1.883M | $10.42M |
YoY Change | 8.08% | 246.86% | 15.05% |
Net Earnings / Revenue | 97.5% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.11 | $0.07 | $0.34 |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | $259.0K | $0.00 |
YoY Change | -100.0% | -74.2% | -100.0% |
Cash & Equivalents | $259.0K | ||
Short-Term Investments | |||
Other Short-Term Assets | $25.89K | $43.38K | $25.89K |
YoY Change | -86.65% | -85.2% | -86.65% |
Inventory | |||
Prepaid Expenses | $25.89K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $250.9K | $302.4K | $250.9K |
YoY Change | -72.75% | -76.69% | -72.75% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $157.3M | $155.3M | $157.3M |
YoY Change | -45.1% | -45.36% | -45.1% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $157.3M | $155.3M | $157.3M |
YoY Change | -45.1% | -45.36% | -45.1% |
TOTAL ASSETS | |||
Total Short-Term Assets | $250.9K | $302.4K | $250.9K |
Total Long-Term Assets | $157.3M | $155.3M | $157.3M |
Total Assets | $157.6M | $155.6M | $157.6M |
YoY Change | -45.19% | -45.5% | -45.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $173.0K | $0.00 | |
YoY Change | 665.36% | -100.0% | |
Accrued Expenses | $810.00 | $1.102M | $810.00 |
YoY Change | -99.93% | 68.21% | -99.93% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $154.2K | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $805.00 | $1.429M | $810.00 |
YoY Change | -99.94% | 104.95% | -99.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $723.6K | $10.61M | $723.6K |
YoY Change | -93.02% | -5.38% | -93.02% |
Total Long-Term Liabilities | $723.6K | $10.61M | $723.6K |
YoY Change | -93.02% | -5.38% | -93.02% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $805.00 | $1.429M | $810.00 |
Total Long-Term Liabilities | $723.6K | $10.61M | $723.6K |
Total Liabilities | $724.4K | $12.04M | $724.4K |
YoY Change | -93.78% | 1.08% | -93.78% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$699.3K | ||
YoY Change | -93.48% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$698.5K | $143.5M | $156.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $157.6M | $155.6M | $157.6M |
YoY Change | -45.19% | -45.5% | -45.19% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.471M | $1.883M | $10.42M |
YoY Change | 8.08% | 246.86% | 15.05% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$815.1K | -$322.9K | -$1.558M |
YoY Change | 194.05% | -16.97% | 11.5% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$450.0K | $140.4M | $139.9M |
YoY Change | |||
Cash From Investing Activities | -$450.0K | $140.4M | $139.9M |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.006M | -140.1M | -$139.1M |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -815.1K | -322.9K | -$1.558M |
Cash From Investing Activities | -450.0K | 140.4M | $139.9M |
Cash From Financing Activities | 1.006M | -140.1M | -$139.1M |
Net Change In Cash | -259.0K | -47.86K | -$726.9K |
YoY Change | -6.57% | -87.69% | -47.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$815.1K | -$322.9K | -$1.558M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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|
0.70 | pure |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1 | |
CY2023 | us-gaap |
Sponsor Fees
SponsorFees
|
112500 | usd |
CY2023Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
112500 | usd |
CY2023Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
5000001 | usd |
CY2023 | aptm |
Percentage Of Restricted From Redeeming Shares
PercentageOfRestrictedFromRedeemingShares
|
1 | pure |
CY2023 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
100000 | usd |
CY2023 | us-gaap |
Payments For Fees
PaymentsForFees
|
374975 | usd |
CY2023Q3 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
5000001 | usd |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
10.41 | |
CY2023 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
140838808 | usd |
CY2023Q3 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
153169659 | usd |
CY2023Q4 | aptm |
Monthly Payment Amount For Extension
MonthlyPaymentAmountForExtension
|
225000 | usd |
CY2023 | aptm |
Public Share Remains Outstanding
PublicShareRemainsOutstanding
|
0.03 | |
CY2023Q4 | us-gaap |
Deposits
Deposits
|
225000 | usd |
CY2023Q3 | aptm |
Percentage Of Equity Holders
PercentageOfEquityHolders
|
1 | pure |
CY2023Q4 | aptm |
Working Capital Deficit
WorkingCapitalDeficit
|
250080 | usd |
CY2023Q3 | aptm |
Working Capital Loans
WorkingCapitalLoans
|
1500000 | usd |
CY2023 | aptm |
Working Capital Loans
WorkingCapitalLoans
|
0 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The preparation of financial statements in conformity with U.S. 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 expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">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 from those estimates. The initial valuation of the Public Warrants (as defined in Note 3) and Class A ordinary shares subject to redemption, the initial and the quarterly valuation of the Private Placement Warrants (as defined in Note 4), and the valuations for the convertible Note (as defined in Note 5) required management to exercise significant judgement in its estimates.</p> | |
CY2022Q4 | us-gaap |
Cash
Cash
|
726869 | usd |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
157330245 | usd |
CY2022Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
286583051 | usd |
CY2021Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
16641377 | usd |
CY2021Q4 | aptm |
Underwriting Fees
UnderwritingFees
|
5650000 | usd |
CY2021Q4 | aptm |
Underwriting Fees Deferred
UnderwritingFeesDeferred
|
9887500 | usd |
CY2021Q4 | aptm |
Other Offering Costs
OtherOfferingCosts
|
967198 | usd |
CY2023 | aptm |
Offering Costs Recognised As A Reduction Of Temporary Equity
OfferingCostsRecognisedAsAReductionOfTemporaryEquity
|
14937225 | usd |
CY2023 | aptm |
Transaction Costs Allocated To Warrant Liabilities
TransactionCostsAllocatedToWarrantLiabilities
|
540944 | usd |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
12059166 | shares |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>Concentration of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">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. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</p> | |
CY2023 | us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd |
CY2023Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
2030860 | shares |
CY2023Q4 | aptm |
Sponsor Shares
SponsorShares
|
1128992 | shares |
CY2023 | us-gaap |
Other Expenses
OtherExpenses
|
660000 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
660000 | usd |
CY2023Q4 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
110000 | usd |
CY2023Q4 | aptm |
Proceeds From Cash Withdrawal From Trust Account
ProceedsFromCashWithdrawalFromTrustAccount
|
275000 | usd |
CY2023Q4 | aptm |
Proceeds From Cash Withdrawal From Trust Account
ProceedsFromCashWithdrawalFromTrustAccount
|
280000 | usd |
CY2023 | us-gaap |
Fees Paid On Acceptances Resold
FeesPaidOnAcceptancesResold
|
18738 | usd |
CY2022 | us-gaap |
Fees Paid On Acceptances Resold
FeesPaidOnAcceptancesResold
|
95865 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
15377 | usd |
CY2023Q4 | aptm |
Deferred Underwriting Commissions
DeferredUnderwritingCommissions
|
336175 | usd |
CY2023 | aptm |
Class Of Warrants Or Rights Issued During The Period Units
ClassOfWarrantsOrRightsIssuedDuringThePeriodUnits
|
9705000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-241183 | usd |
CY2022 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
7793783 | usd |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
20523404 | shares |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
90.6% | |
CY2023Q4 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
134059215 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
usd | |
CY2022Q4 | aptm |
Extension Contribution Due From Related Parties
ExtensionContributionDueFromRelatedParties
|
usd | |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
usd | |
CY2023Q4 | aptm |
Accounts Payable Related Party
AccountsPayableRelatedParty
|
usd | |
CY2023Q4 | aptm |
Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2022 | aptm |
Deal Termination Income
DealTerminationIncome
|
usd | |
CY2022 | aptm |
Fair Value Adjustment Of Convertible Promissory Note Related Party
FairValueAdjustmentOfConvertiblePromissoryNoteRelatedParty
|
usd | |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2022 | aptm |
Fair Value Adjustment Of Convertible Promissory Note Related Party
FairValueAdjustmentOfConvertiblePromissoryNoteRelatedParty
|
usd | |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
usd | |
CY2022 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2022 | aptm |
Proceeds From Advance From Sponsor
ProceedsFromAdvanceFromSponsor
|
usd | |
CY2022 | aptm |
Repayments Of Advance From Sponsor
RepaymentsOfAdvanceFromSponsor
|
usd | |
CY2022 | aptm |
Proceeds From Promissory Note Related Party
ProceedsFromPromissoryNoteRelatedParty
|
usd | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2022 | us-gaap |
Repayments Of Mandatory Redeemable Capital Securities
RepaymentsOfMandatoryRedeemableCapitalSecurities
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2022 | aptm |
Excess Of Cash Received Over Fair Value Of Convertible Promissory Note Related Party
ExcessOfCashReceivedOverFairValueOfConvertiblePromissoryNoteRelatedParty
|
usd | |
CY2022 | aptm |
Waiver Of Deferred Underwriting Commissions By Underwriter
WaiverOfDeferredUnderwritingCommissionsByUnderwriter
|
usd | |
CY2022 | aptm |
Deemed Contribution For Forgiveness Of Accrued Expenses Related Party
DeemedContributionForForgivenessOfAccruedExpensesRelatedParty
|
usd | |
CY2022 | aptm |
Deemed Contribution For Forgiveness Of Sponsor Loans Related Party
DeemedContributionForForgivenessOfSponsorLoansRelatedParty
|
usd | |
CY2022 | aptm |
Deemed Contribution For Forgiveness Of Accounts Payable Related Party
DeemedContributionForForgivenessOfAccountsPayableRelatedParty
|
usd | |
CY2022Q4 | aptm |
Extension Contribution Due From Related Parties
ExtensionContributionDueFromRelatedParties
|
usd | |
CY2023Q4 | us-gaap |
Cash
Cash
|
usd | |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
usd | |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
usd | |
CY2023Q4 | us-gaap |
Cash
Cash
|
usd | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
usd | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
usd | |
CY2023Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001845550 |