10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-072214`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	f10q0922_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 44 Cash Flow Statement 40 Stockholders Equity 31

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	2.94M	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
Current assets cash	`Cash`	$31.20M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.98K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecurities`	-	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	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 outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$31.25M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$47.67M	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
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Assets	`Assets`	$31.25M	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`	$336.84K	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
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$870.60K	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$1.62M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$2.61M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$175.44K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$157.12K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$119.10K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$180.48K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$225.28K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$247.63K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$190.73K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.67K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.05M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 2,940,927 and 4,600,000 shares as of September 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$47.39M	USD	Point-in-time
Ordinary shares subject to possible redemption, 2,940,927 and 4,600,000 shares as of September 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$31.17M	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 2,940,927 and 4,600,000 shares subject to possible redemption) as of September 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 2,940,927 and 4,600,000 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.84M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.83M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.96M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$31.25M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$47.67M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.11M	shares	3 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.11M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$1.09M	USD	3 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.34M	shares	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$260.31K	USD	3 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.54M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$480.87K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$153.34K	USD	1 Quarter
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.09M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-153.34K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-260.31K	USD	3 Qtrs
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-480.87K	USD	1 Quarter
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.03	USD	3 Qtrs
Diluted net income (loss) per ordinary share	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$44.80K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$106.18K	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
Interest income	`InterestIncomeOther`	$64.95K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$1.18K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$3.47K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$8.30K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-97.89K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$28.73K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$20.15K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$93.99K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
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`	6.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.11M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.54M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.34M	shares	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
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`	$-90.52K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$44.80K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.47K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$51.98K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.64K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.25K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.46K	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Proceeds from sale of investment of cash in Trust Account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	$47.39M	USD	3 Qtrs
Proceeds from sale of investment of cash in Trust Account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$47.39M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	3 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$987.59K	USD	3 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$870.10K	USD	3 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	3 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$17.27M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.41M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-208.46K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.92M	USD	3 Qtrs
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$504.36K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.20M	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`	$504.36K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.20M	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-931.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$154.81K	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`	$-3.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-35.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-166.33K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-20.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-353.00K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-634.59K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-460.00K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-460.00K	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-3.95K	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`	$-8.30K	USD	1 Quarter
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-931.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$154.81K	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`	$-3.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$134.44K	USD	Point-in-time

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