2021 Form 10-K Financial Statement
#000121390022011571 Filed on March 10, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | $175.0M | |
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $494.3K | $130.0K |
| YoY Change | 280.26% | -0.76% |
| % of Gross Profit | 0.28% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $694.3K | $290.0K |
| YoY Change | 139.43% | 0.35% |
| Operating Profit | $174.3M | -$288.9K |
| YoY Change | -60436.13% | |
| Interest Expense | $5.729M | -$290.0K |
| YoY Change | -2075.45% | |
| % of Operating Profit | 3.29% | |
| Other Income/Expense, Net | $0.00 | -$380.0K |
| YoY Change | -100.0% | -156.46% |
| Pretax Income | $5.034M | -$961.7K |
| YoY Change | -623.48% | -0.03% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | $5.034M | -$960.0K |
| YoY Change | -624.42% | -0.21% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $230.1K | -$43.88K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.513M | $2.000M |
| YoY Change | -24.38% | |
| Cash & Equivalents | $1.513M | $2.000M |
| Short-Term Investments | ||
| Other Short-Term Assets | $103.1K | $300.0K |
| YoY Change | -65.64% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $1.616M | $2.300M |
| YoY Change | -29.76% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $175.1M | $175.0M |
| YoY Change | 0.06% | |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $175.1M | $175.0M |
| YoY Change | 0.06% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.616M | $2.300M |
| Total Long-Term Assets | $175.1M | $175.0M |
| Total Assets | $176.7M | $177.3M |
| YoY Change | -0.32% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $256.2K | $200.0K |
| YoY Change | 28.1% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $256.2K | $200.0K |
| YoY Change | 28.1% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $15.66M | $21.30M |
| YoY Change | -26.47% | |
| Total Long-Term Liabilities | $15.66M | $21.30M |
| YoY Change | -26.47% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $256.2K | $200.0K |
| Total Long-Term Liabilities | $15.66M | $21.30M |
| Total Liabilities | $15.92M | $21.50M |
| YoY Change | -25.96% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $160.8M | $155.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $176.7M | $177.3M |
| YoY Change | -0.32% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | pmvc |
Common Stock Value One
CommonStockValueOne
|
437 | USD |
| CY2020Q4 | pmvc |
Common Stock Value One
CommonStockValueOne
|
437 | USD |
| CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
USD | |
| pmvc |
Fair Value Initial Measurement
FairValueInitialMeasurement
|
14864500 | USD | |
| CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
USD | |
| pmvc |
Stock Issued During Period Value Founder Shares Forfeited Due To Nonexercise Of Overallotment Option
StockIssuedDuringPeriodValueFounderSharesForfeitedDueToNonexerciseOfOverallotmentOption
|
USD | ||
| CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
USD | |
| CY2020 | pmvc |
Proceeds From Maturity Of Securities In Trust Account
ProceedsFromMaturityOfSecuritiesInTrustAccount
|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | |
| CY2021 | pmvc |
Proceeds From Sale Of Founder Shares
ProceedsFromSaleOfFounderShares
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
USD | |
| CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001807765 | |
| CY2020 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
130891 | USD |
| CY2020 | pmvc |
Franchise Tax Expense
FranchiseTaxExpense
|
158000 | USD |
| CY2020 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-288891 | USD |
| CY2020 | us-gaap |
Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
|
40510 | USD |
| CY2020 | us-gaap |
Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
|
379848 | USD |
| CY2020 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-333500 | USD |
| CY2020 | us-gaap |
Other Income
OtherIncome
|
-672838 | USD |
| CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-961729 | USD |
| CY2021 | pmvc |
Proceeds From Underwriters Rebate
ProceedsFromUnderwritersRebate
|
USD | |
| CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
USD | |
| CY2021 | pmvc |
Deferred Underwriting Fees Payable
DeferredUnderwritingFeesPayable
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | ||
| CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | ||
| CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | ||
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2020Q1 | pmvc |
Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
|
USD |
