$WTMA
Welsbach Technology Metals Acquisition Corp

2022 Q3 Form 10-Q Financial Statement

#000121390022047447 Filed on August 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.113M $313.0K $577.1K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.113M $313.0K $577.1K
YoY Change 3708423.33% 31200.0%
Operating Profit -$1.113M
YoY Change
Interest Expense $349.0K $104.4K $7.780K
YoY Change
% of Operating Profit
Other Income/Expense, Net $349.0K $104.3K $7.777K
YoY Change
Pretax Income -$763.6K -$208.7K -$569.3K
YoY Change
Income Tax $52.58K
% Of Pretax Income
Net Earnings -$816.1K -$208.7K -$569.3K
YoY Change 2720343.33% 20765.3%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.08 -$20.96K -$58.51K
COMMON SHARES
Basic Shares Outstanding 10.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $436.4K $791.2K $900.6K
YoY Change
Cash & Equivalents $436.4K $791.2K $900.5K
Short-Term Investments
Other Short-Term Assets $12.42K $138.2K $260.9K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $448.8K $929.3K $1.161M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $5.000M $5.000M
YoY Change
Long-Term Investments $78.51M $77.39M $77.28M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $78.51M $77.39M $77.28M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $448.8K $929.3K $1.161M
Total Long-Term Assets $78.51M $77.39M $77.28M
Total Assets $78.96M $78.32M $78.45M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $727.7K $122.3K $18.50K
YoY Change
Accrued Expenses $131.4K $81.39K $110.8K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $772.8K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.884M $426.2K $345.3K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.705M $2.705M $2.705M
YoY Change
Total Long-Term Liabilities $2.705M $2.705M $2.705M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.884M $426.2K $345.3K
Total Long-Term Liabilities $2.705M $2.705M $2.705M
Total Liabilities $4.588M $3.131M $3.050M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$3.889M -$2.090M
YoY Change
Common Stock $228.00 $228.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.889M -$2.089M -$1.881M
YoY Change
Total Liabilities & Shareholders Equity $78.96M $78.32M $78.45M
YoY Change

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$816.1K -$208.7K -$569.3K
YoY Change 2720343.33% 20765.3%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$354.8K -$109.4K -$300.4K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$772.8K $0.00 -$2.277M
YoY Change
Cash From Investing Activities -$772.8K $0.00 -$2.277M
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 772.8K 0.000 2.277M
YoY Change
NET CHANGE
Cash From Operating Activities -354.8K -109.4K -300.4K
Cash From Investing Activities -772.8K 0.000 -2.277M
Cash From Financing Activities 772.8K 0.000 2.277M
Net Change In Cash -354.8K -109.4K -300.4K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$354.8K -$109.4K -$300.4K
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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dei Document Period End Date
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2022-06-30
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dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
Welsbach Technology Metals Acquisition Corp.
dei Entity Incorporation State Country Code
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DE
dei Entity Address Address Line1
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160 S Craig Place
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dei Security12b Title
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us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">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 Depository Insurance Corporation limit. As of June 30, 2022, the Company has not experienced losses on these accounts 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: 0pt 0; text-align: justify; text-indent: 0.25in"> </p>
us-gaap Use Of Estimates
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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"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of financial statements in conformity with U.S. 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. Making estimates requires management to exercise significant judgment. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. 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. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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CY2021Q4 wtmau Private Placement Description
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On December 27, 2021, simultaneously with the consummation of the IPO, the Company consummated the issuance and sale (“Private Placement”) of 347,500 Private Placement Units in a private placement transaction at a price of $10.00 per Private Placement Unit, generating gross proceeds of $3,475,000. Each Private Placement Unit consists of one share of common stock and one right to receive one-tenth (1/10) of a share of common stock upon consummation of a Business Combination. 
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Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001866226

Files In Submission

Name View Source Status
0001213900-22-047447-index-headers.html Edgar Link pending
0001213900-22-047447-index.html Edgar Link pending
0001213900-22-047447.txt Edgar Link pending
0001213900-22-047447-xbrl.zip Edgar Link pending
f10q0622ex31-1_welsbachtech.htm Edgar Link pending
f10q0622ex31-2_welsbachtech.htm Edgar Link pending
f10q0622ex32-1_welsbachtech.htm Edgar Link pending
f10q0622ex32-2_welsbachtech.htm Edgar Link pending
f10q0622_welsbachtech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10q0622_welsbachtech_htm.xml Edgar Link completed
report.css Edgar Link pending
Show.js Edgar Link pending
wtmau-20220630.xsd Edgar Link pending
wtmau-20220630_def.xml Edgar Link unprocessable
wtmau-20220630_pre.xml Edgar Link unprocessable
wtmau-20220630_lab.xml Edgar Link unprocessable
wtmau-20220630_cal.xml Edgar Link unprocessable