10-K Filing

NUKKLEUS INC. CIK: 1787518 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001213900-23-019202`
Period End Date	20221231
Filing Date	20230310
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	f10k2022_brilliantacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 20 Cash Flow Statement 34 Stockholders Equity 12

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	564,936.00	shares	Point-in-time
Ordinary shares, subject to possible redemption	`TemporaryEquitySharesIssued`	4.60M	shares	Point-in-time
Current assets cash	`Cash`	$6.11M	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$738.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	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`	-	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.11M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$47.67M	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Assets	`Assets`	$47.67M	USD	Point-in-time
Total Assets	`Assets`	$6.11M	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`	$315.02K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$970.60K	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
Due to related party	`DueToRelatedPartiesCurrent`	$500.00	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$1.62M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$2.68M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.97M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$247.63K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$180.48K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$10.64K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.98M	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, 564,936 and 4,600,000 shares as of as of December 31, 2022 and 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$6.06M	USD	Point-in-time
Ordinary shares subject to possible redemption, 564,936 and 4,600,000 shares as of as of December 31, 2022 and 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$47.39M	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 564,936 and 4,600,000 shares subject to possible redemption) as of December 31, 2022 and 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 564,936 and 4,600,000 shares subject to possible redemption) as of December 31, 2022 and 2021	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.92M	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`	$6.11M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.64M	shares	Annual
Operating costs	`OperatingCostsAndExpenses`	$670.92K	USD	Annual
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.11M	shares	Annual
Operating costs	`OperatingCostsAndExpenses`	$1.20M	USD	Annual
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.21	USD	Annual
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.10	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-670.92K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.20M	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-169.84K	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-67.16K	USD	Annual
Interest income	`InterestIncomeOther`	$4.63K	USD	Annual
Interest income	`InterestIncomeOther`	$64.95K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$71.79K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$234.78K	USD	Annual
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-967.61K	USD	Annual
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.11M	shares	Annual
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.64M	shares	Annual
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	Annual
Basic and diluted net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-967.61K	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-169.84K	USD	Annual
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-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`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.60K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$737.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$225.40K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.43K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-430.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.13M	USD	Annual
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	Annual
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$1.38M	USD	Annual
Proceeds from sale of investment of cash in Trust Account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	$47.39M	USD	Annual
Proceeds from sale of investment of cash in Trust Account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.38M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$47.39M	USD	Annual
Advanced from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$970.10K	USD	Annual
Advanced from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$500.00	USD	Annual
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.38M	USD	Annual
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.06M	USD	Annual
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$42.45M	USD	Annual
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.38M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.43M	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.83M	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$429.41K	USD	Annual
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$712.82K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-599.13K	USD	Annual
Net loss	`NetIncomeLoss`	$-967.61K	USD	Annual
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-1.06M	USD	Annual
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-1.38M	USD	Annual
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-7.69K	USD	Annual
Change in value of ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-64.95K	USD	Annual
Balance	`StockholdersEquity`	$154.81K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time

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