10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-060914`
Period End Date	20210930
Filing Date	20211119
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	f10q0921_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 48 Stockholders Equity 24

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Current assets cash	`Cash`	$712.82K	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Current assets cash	`Cash`	$626.94K	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Current assets cash	`Cash`	$504.36K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.25K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$46.93M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$46.00M	USD	Point-in-time
Total Assets	`Assets`	$47.45M	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`	$46.73M	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`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$142.69K	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$25.94K	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$1.16M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$243.83K	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.15M	shares	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.15M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$328.03K	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$157.12K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$247.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$575.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.46M	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`	$-3.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.73M	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$472.49K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$154.81K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$113.09K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$431.06K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$4.34K	USD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$46.73M	USD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$47.45M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$153.34K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$260.31K	USD	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$47.43K	USD	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$47.26K	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$260.31K	USD	3 Qtrs
Loss from operations	`OperatingExpenses`	$47.43K	USD	3 Qtrs
Loss from operations	`OperatingExpenses`	$47.26K	USD	1 Quarter
Loss from operations	`OperatingExpenses`	$153.34K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-90.52K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-27.55K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.04K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.04K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$1.79K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$3.47K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$1.18K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.89K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-41.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.49K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	6.11M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	6.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	2.88M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	6.11M	shares	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.02	USD	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.01	USD	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.03	USD	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.01	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-41.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.49K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-4.04K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-90.52K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$-3.47K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$-1.89K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.64K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.11K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.69K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.46K	USD	3 Qtrs
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-46.00M	USD	3 Qtrs
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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`	-	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`	-	USD	3 Qtrs
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$2.61M	USD	3 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	3 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$239.81K	USD	3 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
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`	-	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-208.46K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$832.89K	USD	3 Qtrs
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$860.59K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$504.36K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$860.59K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$504.36K	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$58.25K	USD	3 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	3 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$42.61M	USD	3 Qtrs
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	3 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	3 Qtrs
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$3.39M	USD	3 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	-	USD	3 Qtrs
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	$2.21K	USD	3 Qtrs
Collection of related party promissory note into trust account	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	$920.00K	USD	3 Qtrs
Collection of related party promissory note into trust account	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Net of underwriting discounts and offering expenses	`NetOfUnderwritingDiscountsAndOfferingExpenses`	4.60M	shares	3 Qtrs
Sale of private units	`SaleOfPrivateUnits`	261,000.00	shares	3 Qtrs
Balance beginning	`StockholdersEquity`	$472.49K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$113.09K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$431.06K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$4.34K	USD	Point-in-time
Sale of 4,600,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueOfsleOfNetOfUnderwritingDiscountsAndOfferingExpenses`	$43.93M	USD	3 Qtrs
Sale of 261,000 Private Units	`StockIssuedDuringPeriodValueOfSaleOfPrivateUnits`	$2.61M	USD	3 Qtrs
Issuance of Representative Shares	`StockIssuedDuringPeriodValueOther`	$2.21K	USD	3 Qtrs
Ordinary shares subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	$46.00M	USD	3 Qtrs
Ordinary shares subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	$46.00M	USD	3 Qtrs
Excess of cash received over fair value of private warrants	`StockIssuedDuringPeriodValueFairValueOfPrivateWarrants`	$-74.85K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-41.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.49K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Balance ending	`StockholdersEquity`	$472.49K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-11.52K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$113.09K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$431.06K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$4.34K	USD	Point-in-time

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