2024 Q2 Form 10-Q Financial Statement
#000119312524203643 Filed on August 20, 2024
Income Statement
Concept | 2024 Q2 |
---|---|
Revenue | $0.00 |
YoY Change | |
Cost Of Revenue | |
YoY Change | |
Gross Profit | |
YoY Change | |
Gross Profit Margin | |
Selling, General & Admin | $210.3K |
YoY Change | -72.33% |
% of Gross Profit | |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | |
YoY Change | |
% of Gross Profit | |
Operating Expenses | $210.3K |
YoY Change | -72.33% |
Operating Profit | -$210.3K |
YoY Change | -72.32% |
Interest Expense | $477.0K |
YoY Change | -77.6% |
% of Operating Profit | |
Other Income/Expense, Net | $476.5K |
YoY Change | |
Pretax Income | $743.2K |
YoY Change | -45.75% |
Income Tax | |
% Of Pretax Income | |
Net Earnings | $743.2K |
YoY Change | -45.87% |
Net Earnings / Revenue | |
Basic Earnings Per Share | |
Diluted Earnings Per Share | $0.08 |
COMMON SHARES | |
Basic Shares Outstanding | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $5.690K |
YoY Change | |
Cash & Equivalents | $5.693K |
Short-Term Investments | |
Other Short-Term Assets | $45.50K |
YoY Change | |
Inventory | |
Prepaid Expenses | $45.50K |
Receivables | |
Other Receivables | |
Total Short-Term Assets | $51.19K |
YoY Change | 5.76% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | |
YoY Change | |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | $44.90M |
YoY Change | -6.46% |
Other Assets | |
YoY Change | |
Total Long-Term Assets | $44.90M |
YoY Change | -6.48% |
TOTAL ASSETS | |
Total Short-Term Assets | $51.19K |
Total Long-Term Assets | $44.90M |
Total Assets | $44.95M |
YoY Change | -6.47% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $385.9K |
YoY Change | -44.87% |
Accrued Expenses | |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $1.303M |
YoY Change | 62.82% |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $2.102M |
YoY Change | 30.6% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $0.00 |
YoY Change | -100.0% |
Total Long-Term Liabilities | $0.00 |
YoY Change | -100.0% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $2.102M |
Total Long-Term Liabilities | $0.00 |
Total Liabilities | $2.102M |
YoY Change | -60.85% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$2.052M |
YoY Change | -77.41% |
Common Stock | |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | -$2.051M |
YoY Change | |
Total Liabilities & Shareholders Equity | $44.95M |
YoY Change | -6.47% |
Cashflow Statement
Concept | 2024 Q2 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $743.2K |
YoY Change | -45.87% |
Depreciation, Depletion And Amortization | |
YoY Change | |
Cash From Operating Activities | -$301.6K |
YoY Change | 58.74% |
INVESTING ACTIVITIES | |
Capital Expenditures | |
YoY Change | |
Acquisitions | |
YoY Change | |
Other Investing Activities | -$180.0K |
YoY Change | -100.1% |
Cash From Investing Activities | -$180.0K |
YoY Change | -100.1% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | 477.2K |
YoY Change | -100.27% |
NET CHANGE | |
Cash From Operating Activities | -301.6K |
Cash From Investing Activities | -180.0K |
Cash From Financing Activities | 477.2K |
Net Change In Cash | -4.350K |
YoY Change | -97.71% |
FREE CASH FLOW | |
Cash From Operating Activities | -$301.6K |
Capital Expenditures | |
Free Cash Flow | |
YoY Change |
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<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman";"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div><div style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The preparation of unaudited condensed 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 unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. </div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center"> </div><div style="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. <div style="display:inline;">Accor</div>dingly, the actual results could differ significantly from those estimates. </div> | ||
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CY2023Q4 | us-gaap |
Cash
Cash
|
4625 | |
CY2024Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2024Q2 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
44901194 | |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
43419605 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: "Times New Roman";"><div style="font-weight:bold;display:inline;">Concentration of Credit Risk </div></div><div style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance coverage limit of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. </div> | ||
CY2024Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2023 | tgaau |
Redemption Of Shares
RedemptionOfShares
|
-185164838 | |
CY2023 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
6349758 | |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
1481589 | ||
CY2024Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10 | |
CY2021Q4 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
219194512 | |
tgaau |
Percentage Of Shares Issuable Upon Conversion
PercentageOfSharesIssuableUponConversion
|
50 | ||
CY2021Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
500000 | |
CY2023 | tgaau |
Offering Proceeds Allocated To Offering Expenses
OfferingProceedsAllocatedToOfferingExpenses
|
1000000 | |
CY2024Q2 | tgaau |
Amount Waived By The Company In Respect Of Withdrawal From The Trust Account
AmountWaivedByTheCompanyInRespectOfWithdrawalFromTheTrustAccount
|
100000 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
tgaau |
Number Of Days After Consummation Of Business Combination Within Which The Securities Shall Be Registered
NumberOfDaysAfterConsummationOfBusinessCombinationWithinWhichTheSecuritiesShallBeRegistered
|
P20D | ||
tgaau |
Number Of Days After Which Business Combination Within Which Securities Registration Shall Be Effective
NumberOfDaysAfterWhichBusinessCombinationWithinWhichSecuritiesRegistrationShallBeEffective
|
P60D | ||
CY2023Q4 | tgaau |
Class Of Warrants And Rights Issued During The Period
ClassOfWarrantsAndRightsIssuedDuringThePeriod
|
14227128 | |
CY2024Q2 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
44901194 | |
CY2023Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
43419605 |