2022 Q3 Form 10-Q Financial Statement

#000121390022069750 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.210M $992.0K
YoY Change 21.98%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.210M $992.0K
YoY Change 21.98%
Operating Profit -$1.210M -$992.0K
YoY Change 21.98%
Interest Expense $1.466M $8.000K
YoY Change 18225.0%
% of Operating Profit
Other Income/Expense, Net $1.868M $2.490M
YoY Change -24.98%
Pretax Income $2.124M $1.506M
YoY Change 41.04%
Income Tax
% Of Pretax Income
Net Earnings $2.124M $1.506M
YoY Change 41.04%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $56.64K $40.16K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.0K $969.0K
YoY Change -74.51%
Cash & Equivalents $247.0K $969.0K
Short-Term Investments
Other Short-Term Assets $69.00K $256.0K
YoY Change -73.05%
Inventory
Prepaid Expenses $69.00K
Receivables
Other Receivables
Total Short-Term Assets $316.0K $1.225M
YoY Change -74.2%
LONG-TERM ASSETS
Property, Plant & Equipment $5.000M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $302.0M $300.1M
YoY Change 0.65%
Other Assets
YoY Change
Total Long-Term Assets $302.0M $300.1M
YoY Change 0.65%
TOTAL ASSETS
Total Short-Term Assets $316.0K $1.225M
Total Long-Term Assets $302.0M $300.1M
Total Assets $302.3M $301.3M
YoY Change 0.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $395.0K
YoY Change
Accrued Expenses $3.035M $2.752M
YoY Change 10.28%
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.830M $2.752M
YoY Change 39.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.43M $24.20M
YoY Change -52.75%
Total Long-Term Liabilities $11.43M $24.20M
YoY Change -52.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.830M $2.752M
Total Long-Term Liabilities $11.43M $24.20M
Total Liabilities $15.26M $26.95M
YoY Change -43.36%
SHAREHOLDERS EQUITY
Retained Earnings -$14.95M
YoY Change
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$14.95M $274.3M
YoY Change
Total Liabilities & Shareholders Equity $302.3M $301.3M
YoY Change 0.35%

Cashflow Statement

Concept 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $2.124M $1.506M
YoY Change 41.04%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$542.0K -$292.0K
YoY Change 85.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
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 400.0K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -542.0K -292.0K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 400.0K 0.000
Net Change In Cash -142.0K -292.0K
YoY Change -51.37%
FREE CASH FLOW
Cash From Operating Activities -$542.0K -$292.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
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true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
001-39875
dei Entity Registrant Name
EntityRegistrantName
GLOBAL PARTNER ACQUISITION CORP II
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
dei Entity Address Address Line1
EntityAddressAddressLine1
7 Rye Ridge Plaza
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 350
dei Entity Address City Or Town
EntityAddressCityOrTown
Rye Brook
dei Entity Address State Or Province
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NY
dei Entity Address Postal Zip Code
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dei City Area Code
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(917)
dei Local Phone Number
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793-1965
dei Security12b Title
Security12bTitle
Class A ordinary shares
dei Trading Symbol
TradingSymbol
GPAC
dei Security Exchange Name
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NASDAQ
dei Entity Current Reporting Status
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dei Entity Interactive Data Current
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gpac Description Of Business Combination
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Use of Estimates:</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The preparation of condensed financial statements in conformity with 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 condensed balance sheet and the reported amounts of expenses during the reporting period. 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 condensed financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant estimates included in these condensed financial statements is the determination of the fair value of the warrant liability. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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CostOfIssuingWarrants
usd
CY2022Q3 us-gaap Fair Value Concentration Of Risk Federal Funds Sold And Securities Borrowed Or Purchased Under Agreements To Resell
FairValueConcentrationOfRiskFederalFundsSoldAndSecuritiesBorrowedOrPurchasedUnderAgreementsToResell
300000000 usd
gpac Us Government Treasury Bills Maturity
USGovernmentTreasuryBillsMaturity
P180D
gpac Common Stock In Total
CommonStockInTotal
550000000 shares
us-gaap Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
The Founder Shares are subject to vesting as follows: 50% upon the completion of a Business Combination and then an additional 12.5% on the attainment of each of a series of certain “shareholder return” targets exceeding 20%, 30%, 40% and 50%, as further defined in the agreement. Certain events, as defined in the agreement, could trigger an immediate vesting under certain circumstances. Founder Shares that do not vest within an eight-year period from the closing of the Business Combination will be cancelled. 
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
usd
gpac Payment Of Underwriting Discounts
PaymentOfUnderwritingDiscounts
usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
usd
gpac Deferred Underwriter Compensation
DeferredUnderwriterCompensation
usd
gpac Initial Warrant Liability In Connection With Initial Public Offering And Private Placement
InitialWarrantLiabilityInConnectionWithInitialPublicOfferingAndPrivatePlacement
usd
gpac Offering Costs Included In Offering Costs Payable And Accrued
OfferingCostsIncludedInOfferingCostsPayableAndAccrued
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001831979

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0001213900-22-069750-index-headers.html Edgar Link pending
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0001213900-22-069750.txt Edgar Link pending
0001213900-22-069750-xbrl.zip Edgar Link pending
f10q0922ex31-1_globalpart2.htm Edgar Link pending
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f10q0922ex32-1_globalpart2.htm Edgar Link pending
f10q0922ex32-2_globalpart2.htm Edgar Link pending
f10q0922_globalpart2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gpac-20220930.xsd Edgar Link pending
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report.css Edgar Link pending
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gpac-20220930_cal.xml Edgar Link unprocessable
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gpac-20220930_pre.xml Edgar Link unprocessable
f10q0922_globalpart2_htm.xml Edgar Link completed