10-Q Filing

KINETIK HOLDINGS INC. CIK: 1692787 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-170190`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	kaac-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 5 Cash Flow Statement 11 Stockholders Equity 5

Balance Sheet 32 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
Current asset - cash	`CashAndCashEquivalentsAtCarryingValue`	$249.00	USD	Point-in-time
Current asset - cash	`CashAndCashEquivalentsAtCarryingValue`	$7.50K	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
Deferred offering costs	`DeferredOfferingCosts`	$38.23K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$602.31K	USD	Point-in-time
Total Assets	`Assets`	$602.56K	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
Total Assets	`Assets`	$45.73K	USD	Point-in-time
Accrued formation and offering costs	`AccruedFormationAndOfferingCostsCurrent`	$314.94K	USD	Point-in-time
Accrued formation and offering costs	`AccruedFormationAndOfferingCostsCurrent`	$3.11K	USD	Point-in-time
Sponsor note	`NotesPayableRelatedPartiesClassifiedCurrent`	$20.00K	USD	Point-in-time
Sponsor note	`NotesPayableRelatedPartiesClassifiedCurrent`	$265.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$579.94K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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	`AdditionalPaidInCapitalCommonStock`	$23.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.38K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.38K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.62K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.62K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$45.73K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$602.56K	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Net income (loss) attributable to common shares	`NetIncomeLoss`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.43M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 11 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	-	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromRelatedPartyDebt`	$245.00K	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$252.25K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.25K	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.25K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$249.00	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.50K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$249.00	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.50K	USD	Point-in-time
Offering costs included in accrued formation and offering costs	`NoncashOfferingCostsIncludedInAccruedFormationAndOfferingCosts`	$311.83K	USD	1 Quarter

Stockholders Equity 5 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$22.62K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$22.62K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$22.62K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$22.62K	USD	Point-in-time

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