10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-049155`
Period End Date	20220630
Filing Date	20220818
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0622_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 42 Cash Flow Statement 42 Stockholders Equity 22

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 shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Current assets cash	`Cash`	$39.73K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$103.21K	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$47.39M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	$41.55M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$47.67M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$41.69M	USD	Point-in-time
Total Assets	`Assets`	$47.67M	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Assets	`Assets`	$41.69M	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$309.60K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$112.90K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$500.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$670.60K	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Ordinary shares, 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`	$2.26M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.04M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$180.48K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilities`	$119.10K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.16M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	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 June 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$47.39M	USD	Point-in-time
Ordinary shares subject to possible redemption, 3,966,208 and 4,600,000 shares as of June 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$41.55M	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 June 30, 2022 and December 31, 2021	`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 June 30, 2022 and December 31, 2021	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.02M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.83M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$47.67M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$41.69M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	2 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.11M	shares	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$28.57K	USD	1 Quarter
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.11M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$613.86K	USD	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$144.59K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$106.98K	USD	2 Qtrs
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.09	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-28.57K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-144.59K	USD	1 Quarter
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-613.86K	USD	2 Qtrs
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-106.98K	USD	2 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-56.34K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-61.38K	USD	2 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-6.07K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-62.97K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$56.65K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$2.29K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$52.70K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.16K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$118.03K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$65.26K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$109.05K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$7.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-495.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.76M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.48M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.11M	shares	2 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	2 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Redemption of shares	`TemporaryEquityRedemptionOfShares`	$633.79K	USD	2 Qtrs
Redemption of shares	`TemporaryEquityRedemptionOfShares`	$633.79K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-495.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-62.97K	USD	2 Qtrs
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-61.38K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$56.65K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$2.29K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$103.21K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.64K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-196.69K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.75K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-913.77K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.88K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$634.59K	USD	2 Qtrs
Proceeds from sale of investment of cash in trust account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	$6.53M	USD	2 Qtrs
Proceeds from sale of investment of cash in trust account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.89M	USD	2 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	2 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$670.10K	USD	2 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$634.59K	USD	2 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$6.53M	USD	2 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.22M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-243.67K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-85.88K	USD	2 Qtrs
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.73K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.94K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.73K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.94K	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-346.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-41.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-495.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-634.59K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-460.00K	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-52.70K	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-3.95K	USD	1 Quarter
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-346.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.93M	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.