$WTMA
Welsbach Technology Metals Acquisition Corp

2022 Q4 Form 10-Q Financial Statement

#000121390022074080 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.329M $1.113M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.329M $1.113M $30.00
YoY Change 3708423.33%
Operating Profit -$1.113M
YoY Change
Interest Expense $660.0K $349.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $349.0K
YoY Change
Pretax Income -$668.6K -$763.6K
YoY Change
Income Tax $128.1K $52.58K
% Of Pretax Income
Net Earnings -$796.7K -$816.1K -$30.00
YoY Change 2720343.33%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.07 -$0.08
COMMON SHARES
Basic Shares Outstanding 10.01M shares 10.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $309.9K $436.4K
YoY Change
Cash & Equivalents $213.2K $436.4K $25.07K
Short-Term Investments
Other Short-Term Assets $25.00K $12.42K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $334.9K $448.8K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $5.000M $5.000M
YoY Change
Long-Term Investments $79.65M $78.51M
YoY Change
Other Assets $213.2K
YoY Change
Total Long-Term Assets $79.86M $78.51M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $334.9K $448.8K
Total Long-Term Assets $79.86M $78.51M
Total Assets $80.19M $78.96M
YoY Change 4.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.819M $727.7K
YoY Change
Accrued Expenses $163.4K $131.4K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.546M $772.8K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.914M $1.884M
YoY Change 2687.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.705M $2.705M
YoY Change
Total Long-Term Liabilities $2.705M $2.705M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.914M $1.884M
Total Long-Term Liabilities $2.705M $2.705M
Total Liabilities $6.619M $4.588M
YoY Change 139.33%
SHAREHOLDERS EQUITY
Retained Earnings -$5.940M -$3.889M
YoY Change 382.1%
Common Stock $228.00 $228.00
YoY Change -8.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.940M -$3.889M $23.97K
YoY Change
Total Liabilities & Shareholders Equity $80.19M $78.96M
YoY Change 4.78%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$796.7K -$816.1K -$30.00
YoY Change 2720343.33%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$211.7K -$354.8K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$474.3K -$772.8K
YoY Change
Cash From Investing Activities -$474.3K -$772.8K
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 772.8K
YoY Change
NET CHANGE
Cash From Operating Activities -211.7K -354.8K
Cash From Investing Activities -474.3K -772.8K
Cash From Financing Activities 772.8K 772.8K
Net Change In Cash 86.71K -354.8K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$211.7K -$354.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Security12b Title
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dei Trading Symbol
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dei Security Exchange Name
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dei Entity Current Reporting Status
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dei Document Period End Date
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Welsbach Technology Metals Acquisition Corp.
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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: 16.2pt">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>
wtma Underwriting Discount
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wtma Initial Public Offering And Over Allotment Description
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CY2021Q4 wtma Private Placement Description
PrivatePlacementDescription
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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LimitedException
0.50 pure
CY2022Q1 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
259136 usd
CY2022Q3 us-gaap Business Acquisition Preacquisition Contingency Amount Of Settlement
BusinessAcquisitionPreacquisitionContingencyAmountOfSettlement
129573 usd
CY2022Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
199163 usd
wtma Working Capital Loans
WorkingCapitalLoans
1500000 usd
wtma Principal Amount Of Sponsor
PrincipalAmountOfSponsor
772769 usd
wtma Business Combination Into Additional Private Units
BusinessCombinationIntoAdditionalPrivateUnits
10 usd
wtma Balance Outstanding Promisorry Note
BalanceOutstandingPromisorryNote
772769 usd
CY2022Q3 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
20000 usd
us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
50000 usd
CY2022Q3 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
6500 usd
us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
19500 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
usd
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
usd
CY2022Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
usd
CY2022Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
usd
dei Amendment Flag
AmendmentFlag
false
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1125000 shares
CY2022Q1 wtma Additional Gross Proceeds
AdditionalGrossProceeds
2276860 usd
wtma Aggregate If The Underwriters Over Allotment Option
AggregateIfTheUnderwritersOverAllotmentOption
1545537 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
usd
us-gaap Other General Expense
OtherGeneralExpense
usd
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
usd
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001866226

Files In Submission

Name View Source Status
0001213900-22-074080-index-headers.html Edgar Link pending
0001213900-22-074080-index.html Edgar Link pending
0001213900-22-074080.txt Edgar Link pending
0001213900-22-074080-xbrl.zip Edgar Link pending
f10q0922ex10-1_welsbachtech.htm Edgar Link pending
f10q0922ex31-1_welsbachtech.htm Edgar Link pending
f10q0922ex31-2_welsbachtech.htm Edgar Link pending
f10q0922ex32-1_welsbachtech.htm Edgar Link pending
f10q0922ex32-2_welsbachtech.htm Edgar Link pending
f10q0922_welsbachtech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
wtma-20220930.xsd Edgar Link pending
wtma-20220930_cal.xml Edgar Link unprocessable
wtma-20220930_def.xml Edgar Link unprocessable
wtma-20220930_lab.xml Edgar Link unprocessable
wtma-20220930_pre.xml Edgar Link unprocessable
f10q0922_welsbachtech_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable