10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-037174`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	brli-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 28 Cash Flow Statement 37 Stockholders Equity 30

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	-	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.15M	shares	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	$28.36K	USD	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	$860.59K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$182.33K	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$46.86M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$210.03K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$4.15M	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$58.54K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$427.00	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.15M	shares	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.96M	shares	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.96M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.15M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$23.43K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$243.83K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$181.83K	USD	Point-in-time
Aggregate of shares subject to forfeiture	`AggregateOfSharesSubjectToForfeiture`	150,000.00	shares	Point-in-time
Total Current Liabilities	`Liabilities`	$205.69K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$360.62K	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,150,015 and no shares at redemption value at September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$41.50M	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; 1,960,985 and 1,150,000 issued and outstanding (excluding 4,150,015 and no shares subject to possible redemption) at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.07M	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,960,985 and 1,150,000 issued and outstanding (excluding 4,150,015 and no shares subject to possible redemption) at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.66K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-66.20K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$4.34K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$4.53K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$4.21K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$210.03K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$46.86M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$477.00	USD	1 Quarter
Operating costs	`OperatingExpenses`	$47.43K	USD	3 Qtrs
Operating costs	`OperatingExpenses`	$47.26K	USD	1 Quarter
Shares that are subject to forfeiture (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$4.15M	USD	Point-in-time
Shares that are subject to forfeiture (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Income attributable to ordinary shares subject to possible redemption	`IncomeAttributableToOrdinarySharesSubjectToPossibleRedemption`	$1.61K	USD	1 Quarter
Income attributable to ordinary shares subject to possible redemption	`IncomeAttributableToOrdinarySharesSubjectToPossibleRedemption`	$1.71K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-47.43K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-47.26K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-477.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.89K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$1.79K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.79K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.89K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-45.53K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-45.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-477.00	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.33M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.96M	shares	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-45.53K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-45.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-477.00	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$1.89K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$427.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.11K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.69K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.05K	USD	1 Quarter
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-46.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.00M	USD	3 Qtrs
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	$44.39M	USD	3 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$2.61M	USD	3 Qtrs
Proceeds from issuance of Founder Shares to initial shareholders	`ProceedsFromIssuanceInitialPublicOffering`	$25.00K	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$102.50K	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$239.81K	USD	3 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	1 Quarter
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$50.91K	USD	1 Quarter
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$62.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.82M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.41K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$832.89K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$28.36K	USD	1 Quarter
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$28.36K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$860.59K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$28.36K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$27.70K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$860.59K	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$58.25K	USD	3 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$41.55M	USD	3 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$-45.36K	USD	3 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	$2.21K	USD	3 Qtrs
Conversion of advance from related party to promissory note related party	`ConversionOfAdvanceFromRelatedPartyToPromissoryNoteRelatedParty`	$75.00K	USD	1 Quarter

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Underwriting discounts and offering expenses	`UnderwritingDiscountsAndOfferingExpenses`	4,600.00B	shares	1 Quarter
Private units	`PrivateUnits`	261.00B	shares	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.53K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.21K	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
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinaryShareSubjectToPossibleRedemption`	$41.55M	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinaryShareSubjectToPossibleRedemption`	$-45.47K	USD	1 Quarter
Insurance of Founder Shares to Initial Shareholders	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Insurance of Founder Shares to Initial Shareholders	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Point-in-time
Net income/loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Net income/loss	`NetIncomeLoss`	$-20.00K	USD	Point-in-time
Net income/loss	`NetIncomeLoss`	$-45.53K	USD	3 Qtrs
Net income/loss	`NetIncomeLoss`	$-45.48K	USD	1 Quarter
Net income/loss	`NetIncomeLoss`	$67.00	USD	1 Quarter
Net income/loss	`NetIncomeLoss`	$-477.00	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.53K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.21K	USD	Point-in-time
Cancellation of founder share to Sponsor	`StockIssuedDuringPeriodValueFounderShareToSponsor`	-	USD	1 Quarter

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