10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-052515`
Period End Date	20210331
Filing Date	20211013
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	brli-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 14 Cash Flow Statement 23 Stockholders Equity 10

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	10.00	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	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
Current assets cash	`Cash`	$712.82K	USD	Point-in-time
Current assets cash	`Cash`	$626.95K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.55K	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
Marketable securities held in Trust Account	`MarketableSecurities`	$46.00M	USD	Point-in-time
Total Assets	`Assets`	$46.66M	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`	$46.73M	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$32.44K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$25.94K	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.15M	shares	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.15M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$243.83K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$243.83K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$328.03K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$334.53K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$247.63K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$190.73K	USD	Point-in-time
Total Liabilities	`Liabilities`	$525.26K	USD	Point-in-time
Total Liabilities	`Liabilities`	$575.66K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,600,000 shares at redemption value of $10	`TemporaryEquityCarryingAmountAttributableToParent`	$46.00M	USD	Point-in-time
Ordinary shares subject to possible redemption, 4,600,000 shares at redemption value of $10	`TemporaryEquityCarryingAmountAttributableToParent`	$46.00M	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; 1,511,000 and 1,150,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption)	`CommonStockValue`	$3.88M	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,511,000 and 1,150,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption)	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.73M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$154.81K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$134.44K	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$46.66M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$46.73M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$78.41K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$124.00	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$124.00	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$78.41K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-56.90K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.15M	shares	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-124.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-56.90K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentOfCashInTrustAccount`	$-1.14K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.95K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.50K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.86K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-124.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$78.31K	USD	1 Quarter
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$52.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.31K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-26.44K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-85.86K	USD	1 Quarter
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.95K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.95K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26K	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.21K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.81K	USD	Point-in-time
Net loss	`ProfitLoss`	$-124.00	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.37K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.21K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.81K	USD	Point-in-time

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