2024 Q1 Form 10-Q Financial Statement
#000121390024050479 Filed on June 07, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
Revenue | $0.00 | $98.05K | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | $300.00 | ||
YoY Change | |||
Gross Profit Margin | 0.31% | ||
Selling, General & Admin | $3.030M | $1.414M | $1.038M |
YoY Change | 191.99% | 490.22% | 734.44% |
% of Gross Profit | 345930.0% | ||
Research & Development | $729.1K | $760.5K | |
YoY Change | -4.13% | ||
% of Gross Profit | 253495.0% | ||
Depreciation & Amortization | $94.39K | $105.7K | |
YoY Change | -10.67% | ||
% of Gross Profit | 35224.0% | ||
Operating Expenses | $3.759M | $1.414M | $1.038M |
YoY Change | 262.25% | 490.22% | 734.5% |
Operating Profit | -$3.759M | -$1.742M | |
YoY Change | 115.83% | ||
Interest Expense | $3.739K | -$18.05M | $1.361M |
YoY Change | -99.73% | -1787.72% | 13506.9% |
% of Operating Profit | |||
Other Income/Expense, Net | -$26.01M | $0.00 | $1.361M |
YoY Change | -2011.3% | 15612.4% | |
Pretax Income | -$29.77M | -$19.46M | $322.9K |
YoY Change | -9318.24% | -2445.74% | -388.31% |
Income Tax | $0.00 | $897.7K | $275.2K |
% Of Pretax Income | 85.24% | ||
Net Earnings | -$29.77M | -$20.36M | $47.66K |
YoY Change | -62555.44% | -3406.16% | -142.55% |
Net Earnings / Revenue | 48.61% | ||
Basic Earnings Per Share | -$0.38 | -$0.02 | |
Diluted Earnings Per Share | -$0.38 | -$3.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 78.20M shares | 69.80M shares | |
Diluted Shares Outstanding | 78.20M shares | 69.80M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.824M | $20.00K | $98.05K |
YoY Change | 1759.87% | -96.33% | -92.27% |
Cash & Equivalents | $1.824M | $19.98K | $98.05K |
Short-Term Investments | |||
Other Short-Term Assets | $1.362M | $28.33M | $189.3K |
YoY Change | 619.38% | 13039.17% | -4.03% |
Inventory | $22.73K | $22.73K | |
Prepaid Expenses | $334.4K | $85.54K | $189.3K |
Receivables | $998.00 | $2.164K | |
Other Receivables | $302.5K | $187.5K | |
Total Short-Term Assets | $3.512M | $28.35M | $287.4K |
YoY Change | 1122.03% | 3624.11% | -80.39% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.262M | $2.319M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $42.99M | $130.2M | |
YoY Change | -66.35% | 3.33% | |
Other Assets | $819.6K | ||
YoY Change | |||
Total Long-Term Assets | $4.988M | $42.99M | $130.2M |
YoY Change | -96.17% | -66.36% | 3.19% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.512M | $28.35M | $287.4K |
Total Long-Term Assets | $4.988M | $42.99M | $130.2M |
Total Assets | $8.500M | $71.35M | $130.5M |
YoY Change | -93.48% | -44.51% | 2.23% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.866M | $2.131M | $893.0K |
YoY Change | 220.9% | 385.32% | 74.94% |
Accrued Expenses | $890.4K | $890.0K | $0.00 |
YoY Change | 17700.0% | -100.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.716M | $2.203M | $1.235M |
YoY Change | 119.94% | 1657.62% | 885.32% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $49.13M | $71.21M | $2.743M |
YoY Change | 1691.04% | 7731.44% | 317.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $49.13M | $71.21M | $2.743M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $49.13M | $75.54M | $7.066M |
YoY Change | 595.35% | 1343.78% | 41.91% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$119.7M | -$28.53M | -$6.110M |
YoY Change | 1859.31% | 632.55% | |
Common Stock | $8.689K | $6.980K | $12.00 |
YoY Change | 72308.33% | 58066.67% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$40.63M | -$28.53M | -$6.110M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.500M | $71.35M | $130.5M |
YoY Change | -93.48% | -44.51% | 2.23% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$29.77M | -$20.36M | $47.66K |
YoY Change | -62555.44% | -3406.16% | -142.55% |
Depreciation, Depletion And Amortization | $94.39K | $105.7K | |
YoY Change | -10.67% | ||
Cash From Operating Activities | -$2.041M | -$516.1K | -$522.3K |
YoY Change | 290.71% | 1698.26% | 20223.42% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | $7.250M | ||
YoY Change | |||
Other Investing Activities | -$91.35K | -$62.90K | -$1.035M |
YoY Change | -91.17% | -99.18% | |
Cash From Investing Activities | -$91.35K | -$62.90K | -$1.035M |
YoY Change | -91.17% | -99.18% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $3.850M | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $3.955M | 597.5K | $1.110M |
YoY Change | 256.41% | -99.13% | |
NET CHANGE | |||
Cash From Operating Activities | -$2.041M | -516.1K | -$522.3K |
Cash From Investing Activities | -$91.35K | -62.90K | -$1.035M |
Cash From Financing Activities | $3.955M | 597.5K | $1.110M |
Net Change In Cash | $1.823M | 18.50K | -$447.6K |
YoY Change | -507.24% | -164.46% | -135.29% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.041M | -$516.1K | -$522.3K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1373441 | usd |
CY2024Q1 | sti |
Proceeds From Capitalized Patent Costs
ProceedsFromCapitalizedPatentCosts
|
-91348 | usd |
CY2023Q1 | sti |
Proceeds From Capitalized Patent Costs
ProceedsFromCapitalizedPatentCosts
|
-40567 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-91348 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-40567 | usd |
CY2024Q1 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
487273 | usd |
CY2023Q1 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
812855 | usd |
CY2024Q1 | sti |
Cash Received From Nubi Trust
CashReceivedFromNUBITrust
|
25160047 | usd |
CY2024Q1 | sti |
Discount Payment Related To Non Redemption Agreement
DiscountPaymentRelatedToNonRedemptionAgreement
|
13937997 | usd |
CY2024Q1 | sti |
Payment For Reimbursement Of Consideration Shares Related To The Forward Purchase Agreement
PaymentForReimbursementOfConsiderationSharesRelatedToTheForwardPurchaseAgreement
|
-2193800 | usd |
CY2024Q1 | sti |
Payment For Reimbursement Of Recycled Shares Related To Forward Purchase Agreement
PaymentForReimbursementOfRecycledSharesRelatedToForwardPurchaseAgreement
|
80241 | usd |
CY2024Q1 | sti |
Business Combination
BusinessCombination
|
8948009 | usd |
CY2024Q1 | sti |
Inflow From Merger
InflowFromMerger
|
17555 | usd |
CY2024Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
527500 | usd |
CY2024Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
424277 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3850000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
-262064 | usd |
CY2024Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
241106 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3954881 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
812855 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1822821 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-601153 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
780 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
621575 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1823601 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20422 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
77795 | usd |
CY2024Q1 | us-gaap |
Stock Issued1
StockIssued1
|
1196 | usd |
CY2024Q1 | sti |
Common Stock Holdback Shares
CommonStockHoldbackShares
|
200000 | shares |
CY2024Q1 | sti |
Merger Agreement Description
MergerAgreementDescription
|
(i) 5,000,000 Earnout Shares if, over any ten (10) trading days within any thirty (30) trading day period from and after the date that is thirty (30) days following the closing date of the Transactions (the “Closing Date”) until the second anniversary of the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $12.50 per share (subject to any adjustment pursuant to the Merger Agreement); (ii) 7,500,000 Earnout Shares if, over any ten (10) trading days within any thirty (30) trading day period from and after the date that is one hundred eighty (180) days following the Closing Date until the date that is forty-two (42) months following the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $15.00 per share (subject to any adjustment pursuant to the Merger Agreement); and (iii) 10,000,000 Earnout Shares if over any ten (10) trading days within any thirty (30) trading day period from and after the date that is one hundred eighty (180) days following the Closing Date until the fourth anniversary of the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $25.00 per share (subject to any adjustment pursuant to the Merger Agreement). | |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29766263 | usd |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
8182500 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
17820998 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2040712 | usd |
CY2024Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
1823601 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
5324624 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4068302 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US 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: 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 balance sheet 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> | |
CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
187500 | usd |
CY2023 | sti |
Percentage Of Additional Trust Funding Requirement
PercentageOfAdditionalTrustFundingRequirement
|
0.50 | pure |
CY2024Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
302500 | usd |
CY2024Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
302500 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
57094 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
92356 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
13316 | usd |
CY2024Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
9500000 | shares |
CY2024Q1 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
9500000 | shares |
CY2024Q1 | sti |
Percentage Of Number Of Stocks Of Common Stock Outstanding
PercentageOfNumberOfStocksOfCommonStockOutstanding
|
0.05 | pure |
CY2023Q1 | us-gaap |
Other Expenses
OtherExpenses
|
60908 | usd |
CY2023Q1 | sti |
Capital Contributions From Related Party
CapitalContributionsFromRelatedParty
|
812855 | usd |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
187500 | usd |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
81948122 | shares |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts.</p> | |
CY2024Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2024Q1 | sti |
Patents Net Of Amortization
PatentsNetOfAmortization
|
1906699 | usd |
CY2023Q4 | sti |
Patents Net Of Amortization
PatentsNetOfAmortization
|
1852649 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
13316 | usd |
CY2024Q1 | us-gaap |
Assets Net
AssetsNet
|
23463 | usd |
CY2023Q4 | us-gaap |
Assets Net
AssetsNet
|
24132 | usd |
CY2024Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
64015 | usd |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
62753 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
8170 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
14500 | usd |
CY2024Q1 | us-gaap |
Other Expenses
OtherExpenses
|
100093 | usd |
CY2023 | sti |
Additional Trust Funding Requirement Percentage
AdditionalTrustFundingRequirementPercentage
|
0.50 | pure |
CY2024Q1 | us-gaap |
Other Receivables
OtherReceivables
|
302500 | usd |
CY2024Q1 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
88979 | usd |
CY2024Q1 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
906000 | usd |
CY2024Q1 | us-gaap |
Shares Issued
SharesIssued
|
200000 | shares |
CY2024Q1 | us-gaap |
Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
|
1910630 | usd |
CY2024Q1 | us-gaap |
Equity Fair Value Disclosure
EquityFairValueDisclosure
|
906000 | usd |
CY2024Q1 | sti |
Liability At Fair Value Holdback Shares
LiabilityAtFairValueHoldbackShares
|
200000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | |
CY2024Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
522867000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
260803 | usd |
CY2024Q1 | sti |
Redeemed Common Stock Percentage
RedeemedCommonStockPercentage
|
1 | pure |
CY2024Q1 | sti |
Consideration Receivable Percentage
ConsiderationReceivablePercentage
|
0.70 | pure |
CY2024Q1 | sti |
Equity Proceeds Percentage
EquityProceedsPercentage
|
0.60 | pure |
CY2024Q1 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
18 | |
CY2024Q1 | sti |
Market Value And New Issue Price Per Share Percentage
MarketValueAndNewIssuePricePerSharePercentage
|
1.80 | pure |
CY2024Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
8431850 | usd |
CY2024Q1 | sti |
Cash Payment
CashPayment
|
7352 | shares |
CY2024Q1 | sti |
Trust Account
TrustAccount
|
80241 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
5838537 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
8038537 | shares |
CY2024Q1 | sti |
Cash Payment Paid To Backstop Investors
CashPaymentPaidToBackstopInvestors
|
13937997 | usd |
CY2024Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
527500 | usd |
CY2024Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
527500 | usd |
CY2023Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
0 | usd |
CY2023 | us-gaap |
Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
|
0 | usd |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y9M18D | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y9M18D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0 | pure |
CY2024Q1 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
1359000 | usd |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P6Y | |
CY2024Q1 | us-gaap |
Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
|
4800000 | usd |
CY2024Q1 | sti |
Percentage Of Cash Bonus
PercentageOfCashBonus
|
0.025 | pure |
CY2024Q1 | us-gaap |
Officers Compensation
OfficersCompensation
|
20000000 | usd |
CY2024Q1 | sti |
Proceeds From Fair Value
ProceedsFromFairValue
|
1600000000000 | usd |
CY2024Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
22200000000000 | usd |
CY2024Q1 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
20600000000000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0443 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0414 | pure |
CY2024Q1 | us-gaap |
Share Price
SharePrice
|
2.75 | |
CY2024Q1 | us-gaap |
Share Price
SharePrice
|
4.53 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2024Q1 | us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
21169150 | usd |
CY2024Q1 | sti |
Fair Value Of Warrants Gain Loss
FairValueOfWarrantsGainLoss
|
8431850 | usd |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0 | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
usd | |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
usd | |
CY2023Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
usd | |
CY2024Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
usd | |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
usd | |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
69800000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
78198418 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.38 | |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
usd | |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
usd | |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
usd | |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
usd | |
CY2024Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
usd | |
CY2023Q1 | sti |
Cash Received From Nubi Trust
CashReceivedFromNUBITrust
|
usd | |
CY2023Q1 | sti |
Discount Payment Related To Non Redemption Agreement
DiscountPaymentRelatedToNonRedemptionAgreement
|
usd | |
CY2023Q1 | sti |
Payment For Reimbursement Of Consideration Shares Related To The Forward Purchase Agreement
PaymentForReimbursementOfConsiderationSharesRelatedToTheForwardPurchaseAgreement
|
usd | |
CY2023Q1 | sti |
Payment For Reimbursement Of Recycled Shares Related To Forward Purchase Agreement
PaymentForReimbursementOfRecycledSharesRelatedToForwardPurchaseAgreement
|
usd | |
CY2023Q1 | sti |
Business Combination
BusinessCombination
|
usd | |
CY2023Q1 | sti |
Inflow From Merger
InflowFromMerger
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
shares | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2024Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2024Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001881551 |