10-K Filing

NUKKLEUS INC. CIK: 1787518 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-016768`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2021_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 16 Cash Flow Statement 44 Stockholders Equity 16

Balance Sheet 55 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
Current assets cash	`Cash`	$283.40K	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Ordinary shares subject to possible redemption value (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	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
Marketable securities held in Trust Account	`MarketableSecurities`	$46.00M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$47.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$47.67M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$46.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Assets	`Assets`	$47.67M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$46.73M	USD	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
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$309.60K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$25.94K	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Ordinary stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$58.25K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$500.00	USD	Point-in-time
Ordinary stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$1.62M	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`	$1.93M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$247.63K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$180.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	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`	$46.01M	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 1,511,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption) as of December 31, 2021 and 2020	`CommonStockValue`	$3.88M	USD	Point-in-time
Ordinary shares, no par value; unlimited shares authorized; 1,511,000 and 1,511,000 shares issued and outstanding (excluding 4,600,000 shares subject to possible redemption) as of December 31, 2021 and 2020	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.73M	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$154.81K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$4.34K	USD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Total Liabilities, and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$47.67M	USD	Point-in-time
Total Liabilities, and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$46.73M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$670.92K	USD	Annual
Operating costs	`OperatingCostsAndExpenses`	$148.01K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-670.92K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-148.01K	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$172.79K	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-67.16K	USD	Annual
Interest income	`InterestIncomeOther`	$3.06K	USD	Annual
Interest income	`InterestIncomeOther`	$4.63K	USD	Annual
Total other income (loss)	`NonoperatingIncomeExpense`	$-169.73K	USD	Annual
Total other income (loss)	`NonoperatingIncomeExpense`	$71.79K	USD	Annual
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-317.74K	USD	Annual
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.11M	shares	Annual
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.70M	shares	Annual
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-317.74K	USD	Annual
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$172.79K	USD	Annual
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-67.16K	USD	Annual
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$4.63K	USD	Annual
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.06K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.59K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.60K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$225.40K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.52K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-430.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-137.08K	USD	Annual
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-1.38M	USD	Annual
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-46.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.38M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.00M	USD	Annual
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of ordinary share, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	$44.39M	USD	Annual
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$2.61M	USD	Annual
Proceeds from sale Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$239.81K	USD	Annual
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	Annual
Advanced from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$500.00	USD	Annual
Advanced from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	Annual
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.38M	USD	Annual
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$62.00K	USD	Annual
Net cash provided by financing activities	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	$46.82M	USD	Annual
Net cash provided by financing activities	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	$1.38M	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-429.41K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$685.12K	USD	Annual
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.70K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	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`	$283.40K	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$58.25K	USD	Annual
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	Annual
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$42.61M	USD	Annual
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	-	USD	Annual
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$3.39M	USD	Annual
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$7.69K	USD	Annual
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	-	USD	Annual
Issuance of Representative Shares	`IssuanceOfRepresentativeShares`	$2.21K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Net of underwriting discounts and offering expenses	`SaleOfStockNumberOfSharesIssuedInTransaction`	4.60M	shares	Annual
Sale of private units	`StockIssuedDuringPeriodSharesOther`	261,000.00	shares	Annual
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Sale of 4,600,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueOfsleOfNetOfUnderwritingDiscountsAndOfferingExpenses`	$43.93M	USD	Annual
Sale of 261,000 Private Units	`StockIssuedDuringPeriodValueOfSaleOfPrivateUnits`	$2.61M	USD	Annual
Issuance of Representative Shares	`StockIssuedDuringPeriodValueOther`	$2.21K	USD	Annual
Ordinary shares subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	$-46.00M	USD	Annual
Excess of cash received over fair value of private warrants	`StockIssuedDuringPeriodValueFairValueOfPrivateWarrants`	$-74.85K	USD	Annual
Changes in value of ordinary shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-7.69K	USD	Annual
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-317.74K	USD	Annual
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.34K	USD	Point-in-time
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time

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