10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-022170`
Period End Date	20200630
Filing Date	20200814
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	brli-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 25 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemptions`	4.15M	shares	Point-in-time
Ordinary shares, subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemptions`	-	shares	Point-in-time
Current asset - Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Current asset - Cash	`CashAndCashEquivalentsAtCarryingValue`	$860.65K	USD	Point-in-time
Current asset - Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Current asset - Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$182.33K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$46.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$46.86M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$210.03K	USD	Point-in-time
Ordinary stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Ordinary stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$427.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.96M	shares	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.15M	shares	Point-in-time
Accrued offering costs	`AccruedOfferingCost`	$69.59K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCost`	$23.43K	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.96M	shares	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.15M	shares	Point-in-time
Promissory note related party	`PromissoryNoteRelatedParty`	$181.83K	USD	Point-in-time
Promissory note related party	`PromissoryNoteRelatedParty`	$243.83K	USD	Point-in-time
Aggregate of shares subject to forfeiture	`AggregateOfSharesSubjectToForfeiture`	150,000.00	shares	Point-in-time
Total Current Liabilities	`Liabilities`	$313.43K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$205.69K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,154,723 and no shares at redemption value at June 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,154,723 and no shares at redemption value at June 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$41.55M	USD	Point-in-time
Preferred shares, no par value; unlimited shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, no par value; unlimited shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,956,277 and 1,150,000 issued and outstanding (excluding 4,154,723 and no shares subject to possible redemption) at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.02M	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,956,277 and 1,150,000 issued and outstanding (excluding 4,154,723 and no shares subject to possible redemption) at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.72K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.66K	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$4.34K	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$4.21K	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$46.86M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$210.03K	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Shares that are subject to forfeiture	`SharesThatAreSubjectToForfeiture`	4.15M	shares	2 Qtrs
Operating costs	`OperatingExpenses`	$20.00K	USD	Point-in-time
Operating costs	`OperatingExpenses`	$40.00	USD	1 Quarter
Operating costs	`OperatingExpenses`	$164.00	USD	2 Qtrs
Income attributable to ordinary shares subject to possible redemption	`IncomeAttributableToOrdinarySharesSubjectToPossibleRedemption`	$-97.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-20.00K	USD	Point-in-time
Income attributable to ordinary shares subject to possible redemption	`IncomeAttributableToOrdinarySharesSubjectToPossibleRedemption`	$-97.00	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-40.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-164.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	-	USD	Point-in-time
Interest income	`InterestIncomeOther`	$107.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$107.00	USD	2 Qtrs
Other income	`OtherIncome`	$107.00	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	Point-in-time
Other income	`OtherIncome`	$107.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.02M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00	shares	Point-in-time
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	$-20.00K	USD	Point-in-time
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$107.00	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	-	USD	Point-in-time
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Point-in-time
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Point-in-time
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-427.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.00K	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-581.00	USD	2 Qtrs
Investment of cash in trust account	`InvestmentOfCashInTrustAccount`	$-46.00M	USD	2 Qtrs
Investment of cash in trust account	`InvestmentOfCashInTrustAccount`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.00M	USD	2 Qtrs
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	-	USD	Point-in-time
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	$44.39M	USD	2 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$2.61M	USD	2 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Point-in-time
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$50.00K	USD	Point-in-time
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$228.46K	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$70.00K	USD	Point-in-time
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Point-in-time
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$62.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.83M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	Point-in-time
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	Point-in-time
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$832.96K	USD	2 Qtrs
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$860.65K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$860.65K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$69.59K	USD	2 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	Point-in-time
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$41.55M	USD	2 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$107.00	USD	2 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	$2.20K	USD	2 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	-	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Underwriting discounts and offering expenses	`UnderwritingDiscountsAndOfferingExpenses`	4.60M	shares	2 Qtrs
Private units	`PrivateUnits`	261,000.00	shares	2 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.21K	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of 4,600,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueOfsleOfNetOfUnderwritingDiscountsAndOfferingExpenses`	$43.93M	USD	1 Quarter
Sale of 261,000 Private Units	`StockIssuedDuringPeriodValueOfSaleOfPrivateUnits`	$2.61M	USD	1 Quarter
Issuance of Representative Shares	`StockIssuedDuringPeriodValueOther`	$2.21K	USD	1 Quarter
Issuance of Founder Share to initial shareholders	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Point-in-time
Issuance of Founder Share to initial shareholders	`StockIssuedDuringPeriodValueNewIssues`	$40.00M	USD	2 Qtrs
Ordinary shares subject to possible redemption	`StockIssuedDuringPeriodValueIssuedForServices`	$41.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.00	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.21K	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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