$QETA
Quetta Acquisition Corp Stock $qeta

$qeta Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000182912624005182 Filed on August 02, 2024

Income Statement

Concept	2024 Q3	2024 Q2	2023 Q2
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$46.50K	$47.48K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$145.5K	$197.7K	$0.00
YoY Change
Operating Profit	-$145.5K	-$197.7K
YoY Change
Interest Expense	$944.2K	$934.8K	$740.00
YoY Change	31908.14%	126217.57%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$798.7K	$737.0K	$740.00
YoY Change	26975.59%	99500.0%
Income Tax	$194.8K	$192.6K
% Of Pretax Income	24.39%	26.14%
Net Earnings	$603.9K	$544.4K	$737.00
YoY Change	20378.26%	73769.34%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$0.07	$0.06	$0.00
COMMON SHARES
Basic Shares Outstanding	8.947M shares	8.947M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q3	2024 Q2	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$329.4K	$334.3K
YoY Change	25.39%
Cash & Equivalents	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$58.41K	$112.3K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$387.8K	$446.6K
YoY Change	47.63%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$73.30M	$72.36M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$73.30M	$72.36M
YoY Change	48349.2%
TOTAL ASSETS
Total Short-Term Assets	$387.8K	$446.6K
Total Long-Term Assets	$73.30M	$72.36M
Total Assets	$73.68M	$72.80M	$410.0K
YoY Change	17700.54%	17656.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$74.40K	$56.90K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$931.7K	$653.7K	$385.0K
YoY Change	141.83%	69.8%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.415M	$2.415M
YoY Change
Total Long-Term Liabilities	$2.415M	$2.415M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$931.7K	$653.7K	$385.0K
Total Long-Term Liabilities	$2.415M	$2.415M
Total Liabilities	$3.347M	$3.069M
YoY Change	768.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.145M	-$2.020M
YoY Change	-58304.69%
Common Stock	$204.00	$204.00	$172.00
YoY Change	18.6%	18.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.145M	-$2.020M	$25.74K
YoY Change
Total Liabilities & Shareholders Equity	$73.68M	$72.80M	$410.0K
YoY Change	17700.54%	17656.78%

Cashflow Statement

Concept	2024 Q3	2024 Q2	2023 Q2
OPERATING ACTIVITIES
Net Income	$603.9K	$544.4K	$737.00
YoY Change	20378.26%	73769.34%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$4.980K	-$231.5K	$737.00
YoY Change	-234.96%	-31508.41%
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			$292.4K
YoY Change
NET CHANGE
Cash From Operating Activities	-4.980K	-231.5K	$737.00
Cash From Investing Activities
Cash From Financing Activities			$292.4K
Net Change In Cash	-4.980K	-231.5K	$293.1K
YoY Change	-101.9%	-178.96%
FREE CASH FLOW
Cash From Operating Activities	-$4.980K	-$231.5K	$737.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital		usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital		usd
CY2023Q2	us-gaap	Exploration Abandonment And Impairment Expense ExplorationAbandonmentAndImpairmentExpense		usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense		usd
CY2023Q2	QETAU	Franchise Tax Expense FranchiseTaxExpense		usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss		usd
CY2023Q2	QETAU	Interest Earned On Marketable Securities Held In Trust Account InterestEarnedOnMarketableSecuritiesHeldInTrustAccount		usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption		shares
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity		usd
CY2023Q2	QETAU	Interest Earned On Marketable Securities Held In Trust Accounts InterestEarnedOnMarketableSecuritiesHeldInTrustAccounts		usd
CY2023Q2	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense		usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities		usd
CY2023Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes		usd
CY2023Q2	QETAU	Increase Decrease In Franchises Tax Payable IncreaseDecreaseInFranchisesTaxPayable		usd
CY2023Q2	QETAU	Related Party Payable Administrative Fee RelatedPartyPayableAdministrativeFee		usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
	QETAU	Payment Of Deferred Offering Costs PaymentOfDeferredOfferingCosts		usd
	QETAU	Proceeds From Promissory Note Related Party ProceedsFromPromissoryNoteRelatedParty		usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities		usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents		usd
CY2023Q2	QETAU	Remeasurement Of Common Stock Subject To Possible Redemptions RemeasurementOfCommonStockSubjectToPossibleRedemptions		usd
	QETAU	Deferred Offering Costs Paid By Related Party Prior To Inception Of Company DeferredOfferingCostsPaidByRelatedPartyPriorToInceptionOfCompany		usd
CY2024Q2	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	56904	usd
CY2023Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	18254	usd
CY2024Q2	QETAU	Franchise Tax Payable FranchiseTaxPayable	32500	usd
CY2023Q4	QETAU	Franchise Tax Payable FranchiseTaxPayable	14378	usd
CY2024Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	554331	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	170649	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	653735	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	231991	usd
CY2024Q2	QETAU	Deferred Underwriting Fee Payable DeferredUnderwritingFeePayable	2415000	usd
CY2023Q4	QETAU	Deferred Underwriting Fee Payable DeferredUnderwritingFeePayable	2415000	usd
CY2024Q2	us-gaap	Liabilities Liabilities	3068735	usd
CY2023Q4	us-gaap	Liabilities Liabilities	2646991	usd
CY2024Q2	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	20000000	shares
CY2023Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	20000000	shares
CY2024Q2	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	6900000	shares
CY2024Q2	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	6900000	shares
CY2023Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	6900000	shares
CY2023Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	6900000	shares
CY2024Q2	us-gaap	Temporary Equity Redemption Price Per Share TemporaryEquityRedemptionPricePerShare	10.40
CY2023Q4	us-gaap	Temporary Equity Redemption Price Per Share TemporaryEquityRedemptionPricePerShare	10.19
CY2024Q2	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	71753787	usd
CY2023Q4	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	70321524	usd
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2047045	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2047045	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2047045	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2047045	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	204	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	204	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2019940	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1743798	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-2019736	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1743594	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	72802786	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	71224921	usd
CY2024Q2	us-gaap	Exploration Abandonment And Impairment Expense ExplorationAbandonmentAndImpairmentExpense	150225	usd
	us-gaap	Exploration Abandonment And Impairment Expense ExplorationAbandonmentAndImpairmentExpense	227254	usd
CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	60000	usd
CY2024Q2	QETAU	Franchise Tax Expense FranchiseTaxExpense	17477	usd
	QETAU	Franchise Tax Expense FranchiseTaxExpense	33677	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-197702	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-320931	usd
CY2024Q2	us-gaap	Interest Income Operating InterestIncomeOperating	4829	usd
	us-gaap	Interest Income Operating InterestIncomeOperating	11112	usd
CY2023Q2	us-gaap	Interest Income Operating InterestIncomeOperating	737	usd
CY2024Q2	QETAU	Interest Earned On Marketable Securities Held In Trust Account InterestEarnedOnMarketableSecuritiesHeldInTrustAccount	929916	usd
	QETAU	Interest Earned On Marketable Securities Held In Trust Account InterestEarnedOnMarketableSecuritiesHeldInTrustAccount	1849622	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	737043	usd
	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	1539803	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	737	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	192626	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	383682	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	544417	usd
	us-gaap	Net Income Loss NetIncomeLoss	1156121	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	737	usd
CY2024Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption	6900000	shares
	QETAU	Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption	6900000	shares
CY2024Q2	QETAU	Basic And Diluted Net Income Per Share Redeemable Common Stock BasicAndDilutedNetIncomePerShareRedeemableCommonStock	0.06
	QETAU	Basic And Diluted Net Income Per Share Redeemable Common Stock BasicAndDilutedNetIncomePerShareRedeemableCommonStock	0.13
CY2024Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock1 BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock1	2047045	shares
	QETAU	Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock1 BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock1	2047045	shares
CY2023Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock1 BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock1	1500000	shares
CY2024Q2	QETAU	Basic And Diluted Net Income Per Share Nonredeemable Common Stock BasicAndDilutedNetIncomePerShareNonredeemableCommonStock	0.06
	QETAU	Basic And Diluted Net Income Per Share Nonredeemable Common Stock BasicAndDilutedNetIncomePerShareNonredeemableCommonStock	0.06
CY2023Q2	QETAU	Basic And Diluted Net Income Per Share Nonredeemable Common Stock BasicAndDilutedNetIncomePerShareNonredeemableCommonStock	0.00
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-1743594	usd
CY2024Q1	QETAU	Remeasurement Of Common Stock Subject To Possible Redemption RemeasurementOfCommonStockSubjectToPossibleRedemption	-711273	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	611704	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-1843163	usd
CY2024Q2	QETAU	Remeasurement Of Common Stock Subject To Possible Redemption RemeasurementOfCommonStockSubjectToPossibleRedemption	-720990	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	544417	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-2019736	usd
CY2023Q2	QETAU	Founder Shares Issued To Initial Stockholders FounderSharesIssuedToInitialStockholders	25000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	737	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	25737	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1156121	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	737	usd
	QETAU	Interest Earned On Marketable Securities Held In Trust Accounts InterestEarnedOnMarketableSecuritiesHeldInTrustAccounts	1849622	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	4096	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	38650	usd
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	383682	usd
	QETAU	Increase Decrease In Franchises Tax Payable IncreaseDecreaseInFranchisesTaxPayable	18122	usd
	QETAU	Related Party Payable Administrative Fee RelatedPartyPayableAdministrativeFee	18710	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-275853	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	737	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	25000	usd
CY2023Q2	QETAU	Payment Of Deferred Offering Costs PaymentOfDeferredOfferingCosts	32588	usd
CY2023Q2	QETAU	Proceeds From Promissory Note Related Party ProceedsFromPromissoryNoteRelatedParty	300000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	292412	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-275853	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	293149	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	610185	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	334332	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	293149	usd
	QETAU	Remeasurement Of Common Stock Subject To Possible Redemptions RemeasurementOfCommonStockSubjectToPossibleRedemptions	1432263	usd
CY2023Q2	QETAU	Deferred Offering Costs Paid By Related Party Prior To Inception Of Company DeferredOfferingCostsPaidByRelatedPartyPriorToInceptionOfCompany	85000	usd
CY2024Q2	us-gaap	Deferred Offering Costs DeferredOfferingCosts	4202729	usd
CY2024Q2	QETAU	Underwriting Fees UnderwritingFees	690000	usd
	QETAU	Reimbursement Of Expenses ReimbursementOfExpenses	690000	usd
CY2024Q2	QETAU	Deferred Underwriting Fees DeferredUnderwritingFees	2415000	usd
CY2024Q2	QETAU	Other Offering Costs OtherOfferingCosts	1097729	usd
CY2023Q4	QETAU	Investment Of Cash Into Trust Account InvestmentOfCashIntoTrustAccount	69690000	usd
CY2024Q2	QETAU	Percentage Of Amount Of Trust Assets Of Target Company Excluding Underwriting Commission Working Capital And Taxes PercentageOfAmountOfTrustAssetsOfTargetCompanyExcludingUnderwritingCommissionWorkingCapitalAndTaxes	0.80	pure
CY2024Q2	QETAU	Percentage Of Public Shareholding To Be Redeemed In Case Of Non Occurrence Of Business Combination PercentageOfPublicShareholdingToBeRedeemedInCaseOfNonOccurrenceOfBusinessCombination	1	pure
CY2024Q2	us-gaap	Deposits Deposits	690000	usd
	QETAU	Aggregate Amount AggregateAmount	1380000	usd
CY2024Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	10.10
CY2024Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	334332	usd
CY2024Q2	QETAU	Working Capital Deficit WorkingCapitalDeficit	207095	usd
	QETAU	Payment From Sponsor PaymentFromSponsor	25000	usd
CY2024Q2	us-gaap	Unsecured Debt UnsecuredDebt	300000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_846_eus-gaap--UseOfEstimates_zsNvbXGYRn23" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zhO4H87492C4">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>
CY2024Q2	us-gaap	Cash Cash	334332	usd
CY2023Q4	us-gaap	Cash Cash	610185	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	0	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	0	usd
CY2024Q2	us-gaap	Assets Held In Trust AssetsHeldInTrust	72356146	usd
CY2023Q4	us-gaap	Assets Held In Trust AssetsHeldInTrust	70506524	usd
CY2024Q2	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	usd
CY2023Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	192626	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	383682	usd
CY2024Q2	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	419857	usd
	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	891606	usd
CY2024Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption	6900000	shares
	QETAU	Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption	6900000	shares
CY2024Q2	QETAU	Basic And Diluted Net Income Per Share Redeemable Common Stock BasicAndDilutedNetIncomePerShareRedeemableCommonStock	0.06
	QETAU	Basic And Diluted Net Income Per Share Redeemable Common Stock BasicAndDilutedNetIncomePerShareRedeemableCommonStock	0.13
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	544417	usd
	us-gaap	Net Income Loss NetIncomeLoss	1156121	usd
CY2024Q2	QETAU	Net Income Attributable To Class Common Stock Subject To Possible Redemption NetIncomeAttributableToClassCommonStockSubjectToPossibleRedemption	419857	usd
	QETAU	Net Income Attributable To Class Common Stock Subject To Possible Redemption NetIncomeAttributableToClassCommonStockSubjectToPossibleRedemption	891606	usd
CY2024Q2	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	124560	usd
	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	264515	usd
CY2024Q2	QETAU	Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock	2047045	shares
	QETAU	Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock	2047045	shares
CY2024Q2	QETAU	Basic And Diluted Net Income Loss Per Share Nonredeemable Common Stock BasicAndDilutedNetIncomeLossPerShareNonredeemableCommonStock	0.06
	QETAU	Basic And Diluted Net Income Loss Per Share Nonredeemable Common Stock BasicAndDilutedNetIncomeLossPerShareNonredeemableCommonStock	0.13
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zlaVFjjOZc7c" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_862_z45DmAN4zV25">Concentration of Credit Risk</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">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $<span id="xdx_900_eus-gaap--FederalDepositInsuranceCorporationPremiumExpense_c20240101__20240630_pp0p0" title="Federal depository insurance coverage">250,000</span>. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	250000	usd
CY2024Q2	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	6900000	shares
CY2023Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	6900000	shares
CY2023Q4	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	69000000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	225000	usd
CY2024Q2	QETAU	Founder Shares Issued FounderSharesIssued	1725000	shares
CY2023Q4	QETAU	Founder Shares Issued FounderSharesIssued	1725000	shares
CY2024Q2	QETAU	Promissory Note Related Party PromissoryNoteRelatedParty	300000	usd
CY2024Q2	QETAU	Related Party Due RelatedPartyDue	0	usd
CY2023Q4	QETAU	Related Party Due RelatedPartyDue	0	usd
CY2024Q2	us-gaap	Debt Instrument Convertible Conversion Price1 DebtInstrumentConvertibleConversionPrice1	10.00
CY2024Q2	QETAU	Working Capital Loans WorkingCapitalLoans	0	usd
CY2023Q4	QETAU	Working Capital Loans WorkingCapitalLoans	0	usd
	us-gaap	Payments For Fees PaymentsForFees	10000	usd
CY2024Q2	QETAU	Repaid Of Sponsor RepaidOfSponsor	78710	usd
CY2024Q2	QETAU	Due To Empire DueToEmpire	2500	usd
CY2023Q4	QETAU	Due To Empire DueToEmpire	1350	usd
	QETAU	Over Allotment Option Vesting Period OverAllotmentOptionVestingPeriod	P45D
CY2024Q2	QETAU	Deferred Fee Percentage DeferredFeePercentage	0.035	pure
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2047045	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2047045	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2047045	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2047045	shares
	QETAU	Schedule Of Assets That Are Measured At Fair Value ScheduleOfAssetsThatAreMeasuredAtFairValue	<table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfAssetsThatAreMeasuredAtFairValue_zqjyqkaacd14" 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_8B9_ztWxywllP9vc" 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">June 30,<br/>2024</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; width: 52%; font-weight: bold; text-align: left">Assets</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; 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; text-align: left">Investments held in Trust Account</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_987_eus-gaap--AssetsFairValueDisclosure_c20240630_pp0p0" style="text-align: right" title="Investments held in Trust Account">72,356,146</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_c20240630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p0" style="text-align: right" title="Investments held in Trust Account">72,356,146</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_c20240630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p0" style="text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0596">-</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--AssetsFairValueDisclosure_c20240630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p0" style="text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0598">-</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <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; width: 52%; font-weight: bold; text-align: left">Assets</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; 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; text-align: left">Investments held in Trust Account</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_c20231231_pp0p0" style="text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98B_eus-gaap--AssetsFairValueDisclosure_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p0" style="text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p0" style="text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0604">-</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p0" style="text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0606">-</span></td> <td style="text-align: left"> </td></tr> </table>
CY2024Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	72356146	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	70506524	usd

Files In Submission

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0001829126-24-005182-index-headers.html	Edgar Link	pending
0001829126-24-005182-index.html	Edgar Link	pending
0001829126-24-005182.txt	Edgar Link	pending
0001829126-24-005182-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
qetau-20240630.xsd	Edgar Link	pending
quettaacq_10q.htm	Edgar Link	pending
quettaacq_ex31-1.htm	Edgar Link	pending
quettaacq_ex31-2.htm	Edgar Link	pending
quettaacq_ex32-1.htm	Edgar Link	pending
quettaacq_ex32-2.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
qetau-20240630_cal.xml	Edgar Link	unprocessable
qetau-20240630_def.xml	Edgar Link	unprocessable
qetau-20240630_lab.xml	Edgar Link	unprocessable
qetau-20240630_pre.xml	Edgar Link	unprocessable
quettaacq_10q_htm.xml	Edgar Link	completed
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R22.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
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$QETA
Quetta Acquisition Corp Stock $qeta

2024 Q3 Form 10-Q Financial Statement

#000182912624005182 Filed on August 02, 2024

Income Statement

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$QETA Quetta Acquisition Corp Stock $qeta

2024 Q3 Form 10-Q Financial Statement

#000182912624005182 Filed on August 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QETA
Quetta Acquisition Corp Stock $qeta