10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-027119`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	f10q0322_brilliantacqu_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 16 Cash Flow Statement 40 Stockholders Equity 11

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	3.97M	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Current assets cash	`Cash`	$283.40K	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
Current assets cash	`Cash`	$154.25K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$154.45K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$47.39M	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`	$41.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$47.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$41.81M	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
Total Assets	`Assets`	$41.81M	USD	Point-in-time
Total Assets	`Assets`	$47.67M	USD	Point-in-time
Ordinary stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$234.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$309.60K	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
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
Due to related party	`DueToRelatedPartiesCurrent`	$570.60K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$2.26M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$1.62M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$175.44K	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`	$3.24M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 3,966,208 and 4,600,000 shares as of March 31, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$46.01M	USD	Point-in-time
Ordinary shares subject to possible redemption, 3,966,208 and 4,600,000 shares as of March 31, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$39.48M	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 3,966,208 and 4,600,000 shares subject to possible redemption) as of March 31, 2022 and December 31, 2021,respectively	`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 3,966,208 and 4,600,000 shares subject to possible redemption) as of March 31, 2022 and December 31, 2021,respectively	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.33M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-452.01K	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-915.24K	USD	Point-in-time
Total Liabilities, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$41.81M	USD	Point-in-time
Total Liabilities, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$47.67M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$469.27K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$78.41K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-469.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-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`	$-5.04K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$3.95K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.14K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$8.99K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$58.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.04M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.11M	shares	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Redemption of shares	`TemporaryEquityRedemptionOfShares`	$633.79K	USD	1 Quarter
Redemption of shares	`TemporaryEquityRedemptionOfShares`	$633.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-5.04K	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	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.95K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$1.14K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.95K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$154.45K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.50K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-75.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-699.25K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.86K	USD	1 Quarter
Purchase of investment held in Trust Account	`InvestmentOfCashInTrustAccount`	$-634.59K	USD	1 Quarter
Purchase of investment held in Trust Account	`InvestmentOfCashInTrustAccount`	-	USD	1 Quarter
Disbursement of cash from Trust Account	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Disbursement of cash from Trust Account	`PaymentsForProceedsFromInvestments`	$-6.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.89M	USD	1 Quarter
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$570.10K	USD	1 Quarter
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	1 Quarter
Proceeds from promissory note related parties	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	$634.59K	USD	1 Quarter
Proceeds from promissory note related parties	`CollectionOfRelatedPartyPromissoryNoteIntoEscrowAccount`	-	USD	1 Quarter
Repayment of redemption of 633,792 shares	`TemporaryEquityAccretionToRedemptionValueAdjustment`	-	USD	1 Quarter
Repayment of redemption of 633,792 shares	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-6.53M	USD	1 Quarter
Net cash (used in) provided by financing activities	`IssuanceOfRepresentativeShares`	$-5.32M	USD	1 Quarter
Net cash (used in) provided by financing activities	`IssuanceOfRepresentativeShares`	-	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-85.86K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-129.15K	USD	1 Quarter
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.95K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.25K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.95K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.25K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`StockIssued1`	$1.14K	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`StockIssued1`	$3.95K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$-916.24K	USD	Point-in-time
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-3.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$-916.24K	USD	Point-in-time
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time

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