10-Q Filing

STRATA CRITICAL MEDICAL, INC. CIK: 1779128 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-071301`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	blde-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 22 Cash Flow Statement 26 Stockholders Equity 12

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$485.22K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$846.07K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$50.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$608.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$896.07K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	$1.20M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$276.94M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$276.95M	USD	Point-in-time
Total assets	`Assets`	$277.84M	USD	Point-in-time
Total assets	`Assets`	$278.76M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$158.95K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$26.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$26.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$205.84K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$205.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$390.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.54M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$9.62M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$9.62M	USD	Point-in-time
Warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$37.62M	USD	Point-in-time
Warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$36.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.78M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption 224, 975, 969 and 22,480,341 shares at redemption value as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$226.06M	USD	Point-in-time
Class A common stock subject to possible redemption 224, 975, 969 and 22,480,341 shares at redemption value as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$224.98M	USD	Point-in-time
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$277.84M	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$278.76M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$145.13K	USD	1 Quarter
Operating costs	`OperatingExpenses`	$235.11K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-235.11K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-145.13K	USD	1 Quarter
Interest income on marketable securities held in Trust Account	`InvestmentIncomeDividend`	$869.27K	USD	1 Quarter
Interest income on marketable securities held in Trust Account	`InvestmentIncomeDividend`	$4.14K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$850.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.12M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-845.87K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$5.99M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.85M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$152.07K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$5.70M	USD	1 Quarter
Basic and diluted weighted average shares outstanding, common stock subject to possible redemption	`TemporaryEquityBasicAndDilutedWeightedAverageSharesOutstanding`	22.48M	shares	1 Quarter
Basic and diluted weighted average shares outstanding, common stock subject to possible redemption	`TemporaryEquityBasicAndDilutedWeightedAverageSharesOutstanding`	25.07M	shares	1 Quarter
Basic and diluted net income per share, common stock subject to possible redemption	`TemporaryEquityBasicAndDilutedWeightedAveragePerShares`	$0.02	USD	1 Quarter
Weighted average shares outstanding, basic and diluted, common stock	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.89M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted, common stock	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.19M	shares	1 Quarter
Net loss (income) per share basic and diluted, common stock	`EarningsPerShareBasicAndDiluted`	$0.62	USD	1 Quarter
Net loss (income) per share basic and diluted, common stock	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-1.08M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$5.70M	USD	1 Quarter
Interest earned on Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccountOperatingActivities`	$869.27K	USD	1 Quarter
Interest earned on Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccountOperatingActivities`	$4.14K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$850.00K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.12M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$23.62K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$73.50K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-43.52K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-52.24K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$152.07K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-212.27K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-360.85K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-212.27K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-360.85K	USD	1 Quarter
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$485.22K	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$846.07K	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$485.22K	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$846.07K	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCostsNonCashFinancingActivities`	$1.20M	USD	1 Quarter
Change in common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemptionNonCashActivities`	$-1.08M	USD	1 Quarter
Change in common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemptionNonCashActivities`	$5.70M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in common stock subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$5.70M	USD	1 Quarter
Change in common stock subject to redemption	`CommonStockSubjectToPossibleRedemptionValue`	$-1.08M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$5.70M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.