2024 Q1 Form 10-K Financial Statement

#000182912624001878 Filed on March 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $46.20K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $123.2K
YoY Change
Operating Profit -$123.2K
YoY Change
Interest Expense $926.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $926.0K
YoY Change
Pretax Income $802.8K
YoY Change
Income Tax $191.1K
% Of Pretax Income 23.8%
Net Earnings $611.7K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.07
COMMON SHARES
Basic Shares Outstanding 8.947M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $565.8K
YoY Change
Cash & Equivalents $0.00
Short-Term Investments
Other Short-Term Assets $84.86K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $650.7K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.43M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $71.43M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $650.7K
Total Long-Term Assets $71.43M
Total Assets $72.08M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.65K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $472.3K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.415M
YoY Change
Total Long-Term Liabilities $2.415M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $472.3K
Total Long-Term Liabilities $2.415M
Total Liabilities $2.887M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$1.843M
YoY Change
Common Stock $204.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.843M
YoY Change
Total Liabilities & Shareholders Equity $72.08M
YoY Change

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income $611.7K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$44.37K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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
YoY Change
NET CHANGE
Cash From Operating Activities -$44.37K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -$44.37K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$44.37K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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QUETTA ACQUISITION CORPORATION
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<p id="xdx_846_eus-gaap--UseOfEstimates_zHmP2F7F7UW7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zDuMAYQAopy">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing the financial statement in conformity with U.S. GAAP, the Company’s management makes 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 expenses during the reporting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0"> </p>
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QETAU Shedule Ofassets That Are Measured At Fair Value
SheduleOfassetsThatAreMeasuredAtFairValue
<table cellpadding="0" cellspacing="0" id="xdx_88D_ecustom--SheduleOfassetsThatAreMeasuredAtFairValue_znKKSu2VA8wk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> <span id="xdx_8BC_zKtVxEC53Zlb" style="display: none">Schedule of fair value hierarchy of the valuation inputs</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,<br/>2023</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted<br/>Prices in<br/>Active Markets<br/>(Level 1)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant<br/>Other<br/>Observable<br/>Inputs<br/>(Level 2)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant<br/>Other<br/>Unobservable<br/>Inputs<br/>(Level 3)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Investments held in Trust Account</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20231231_zz3Uptm2SOBe" style="width: 9%; text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zh19HBTzw7da" style="width: 9%; text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zOJTDi0cxZ8g" style="width: 9%; text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0504">-</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zRE4ExS7sy18" style="width: 9%; text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0506">-</span></td> <td style="width: 1%; text-align: left"> </td></tr> </table>
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
70506524 usd
CY2023Q4 QETAU Startuporganization Expenses
StartuporganizationExpenses
34389 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
34389 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
34389 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
170649 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-34389 usd
QETAU Valuation Allowance Deferred Tax Asset Changes In Amount
ValuationAllowanceDeferredTaxAssetChangesInAmount
34389 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-170649 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0000 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0530 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2630 pure
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
34389 usd
QETAU Federal Income Tax
FederalIncomeTax
170649 usd

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