S-1 Filing

Intuitive Machines, Inc. CIK: 1844452

Filing Information

Form Type	S-1
Accession Number	`0001213900-23-024874`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	fs12023_intuitivecef_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 42 Cash Flow Statement 62 Stockholders Equity 12

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.29M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$25.76M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.00K	USD	Point-in-time
Trade accounts receivable, net of allowance for expected credit losses of $836 and $0, respectively	`AccountsReceivableNet`	$1.30M	USD	Point-in-time
Trade accounts receivable, net of allowance for expected credit losses of $836 and $0, respectively	`AccountsReceivableNet`	$3.39M	USD	Point-in-time
Contract assets	`OtherAssetsCurrent`	$1.84M	USD	Point-in-time
Contract assets	`OtherAssetsCurrent`	$6.98M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.88M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.18M	USD	Point-in-time
Common units, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.83M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.83M	USD	Point-in-time
Common units, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$7.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Common units, shares issued	`CommonStockSharesIssued`	122.50M	shares	Point-in-time
Common units, shares issued	`CommonStockSharesIssued`	122.51M	shares	Point-in-time
Common units, shares outstanding	`CommonStockSharesOutstanding`	122.50M	shares	Point-in-time
Common units, shares outstanding	`CommonStockSharesOutstanding`	122.51M	shares	Point-in-time
Total assets	`Assets`	$67.00M	USD	Point-in-time
Trade accounts receivable, net (in Dollars)	`ReceivablesNetCurrent`	-	USD	Point-in-time
Total assets	`Assets`	$43.45M	USD	Point-in-time
Trade accounts receivable, net (in Dollars)	`ReceivablesNetCurrent`	$836.00K	USD	Point-in-time
Common units, unlimited units authorized	`CommonUnitsUnlimitedUnitsAuthorized`	-	shares	Point-in-time
Common units, unlimited units authorized	`CommonUnitsUnlimitedUnitsAuthorized`	-	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$2.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.08M	USD	Point-in-time
Accounts payable affiliated companies	`AccountsPayableCurrent`	$218.00K	USD	Point-in-time
Accounts payable affiliated companies	`AccountsPayableCurrent`	$442.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.10M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.11M	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerRefundLiabilityCurrent`	$49.63M	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerRefundLiabilityCurrent`	$56.66M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$514.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$725.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$15.18M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$3.86M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Contract liabilities, non-current	`OtherLiabilitiesNoncurrent`	$2.19M	USD	Point-in-time
Contract liabilities, non-current	`OtherLiabilitiesNoncurrent`	$10.53M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$5.08M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$2.37M	USD	Point-in-time
Simple Agreements for Future Equity (SAFE agreements)	`SimpleAgreementsForFutureEquitySAFEAgreements`	$18.31M	USD	Point-in-time
Simple Agreements for Future Equity (SAFE agreements)	`SimpleAgreementsForFutureEquitySAFEAgreements`	$13.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$95.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$124.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$95.29M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common units, $0.00001 par value, unlimited units authorized, 122,505,500 and 122,500,000 units issued and outstanding at December 31, 2022 and December 31, 2021	`CommonStockValue2`	$1.00K	USD	Point-in-time
Common units, $0.00001 par value, unlimited units authorized, 122,505,500 and 122,500,000 units issued and outstanding at December 31, 2022 and December 31, 2021	`CommonStockValue2`	$1.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapital`	$14.34M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapital`	$14.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-66.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.59M	USD	Point-in-time
Total members equity	`StockholdersEquity`	$-51.84M	USD	Point-in-time
Total members equity	`StockholdersEquity`	$-15.01M	USD	Point-in-time
Total members equity	`StockholdersEquity`	$-57.62M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$43.45M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$67.00M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Diluted weighted average shares outstanding of Class A ordinary shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	122.50M	shares	Annual
Diluted weighted average shares outstanding of Class A ordinary shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	122.50M	shares	Annual
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.05	USD	Annual
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.29	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-37.89M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.51M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-224.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-836.00K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.81M	USD	Annual
Change in fair value of SAFE agreements	`UnrealizedGainLossOnDerivatives`	$527.00K	USD	Annual
Change in fair value of SAFE agreements	`UnrealizedGainLossOnDerivatives`	$-91.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$133.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$6.00K	USD	Annual
Total other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$2.24M	USD	Annual
Total other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$-921.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.43M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.65M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$2.00K	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-23.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-35.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.41M	USD	Annual
Basic net loss per unit (in Dollars per share)	`BasicEarningsPerShareProForma`	$-0.05	USD	Annual
Basic net loss per unit (in Dollars per share)	`BasicEarningsPerShareProForma`	$-0.29	USD	Annual
Diluted net loss per unit (in Dollars per share)	`EarningsPerShareDilutedProFormaAdjustment`	$-0.05	USD	Annual
Diluted net loss per unit (in Dollars per share)	`EarningsPerShareDilutedProFormaAdjustment`	$-0.29	USD	Annual
Basic weighted average number of units outstanding (in Shares)	`WeightedAverageNumberBasicSharesOutstandingAdjustmentProForma`	122.50M	shares	Annual
Basic weighted average number of units outstanding (in Shares)	`WeightedAverageNumberBasicSharesOutstandingAdjustmentProForma`	122.50M	shares	Annual
Diluted weighted average number of units outstanding (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	122.50M	shares	Annual
Diluted weighted average number of units outstanding (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	122.50M	shares	Annual
Revenue	`Revenues`	$72.55M	USD	Annual
Revenue	`Revenues`	$85.95M	USD	Annual
Cost of revenues (excluding depreciation)	`OtherCostAndExpenseOperating`	$100.31M	USD	Annual
Cost of revenues (excluding depreciation)	`OtherCostAndExpenseOperating`	$75.51M	USD	Annual
Depreciation	`Depreciation`	$1.07M	USD	Annual
Depreciation	`Depreciation`	$840.00K	USD	Annual
General and administrative expense (excluding depreciation)	`SellingGeneralAndAdministrativeExpense`	$9.29M	USD	Annual
General and administrative expense (excluding depreciation)	`SellingGeneralAndAdministrativeExpense`	$14.87M	USD	Annual
Total operating expenses	`OperatingExpenses`	$110.44M	USD	Annual
Total operating expenses	`OperatingExpenses`	$91.45M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-37.89M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.51M	USD	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-35.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.41M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$840.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.07M	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.00K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.81M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$318.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$624.00K	USD	Annual
Change in fair value of SAFE agreements	`ChangeInFairValueOfSAFEAgreements`	$-91.00K	USD	Annual
Change in fair value of SAFE agreements	`ChangeInFairValueOfSAFEAgreements`	$527.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Other	`IncreaseDecreasesInOther`	$-13.00K	USD	Annual
Other	`IncreaseDecreasesInOther`	-	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.69M	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.09M	USD	Annual
Accounts receivable affiliated companies	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	Annual
Accounts receivable affiliated companies	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-114.00K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$5.13M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-5.31M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.70M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$738.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-9.24M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.42M	USD	Annual
Accounts payable affiliated companies	`IncreaseDecreaseInDueToAffiliatesCurrent`	$157.00K	USD	Annual
Accounts payable affiliated companies	`IncreaseDecreaseInDueToAffiliatesCurrent`	$225.00K	USD	Annual
Contract liabilities current and long-term	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.32M	USD	Annual
Contract liabilities current and long-term	`IncreaseDecreaseInContractWithCustomerLiability`	$25.42M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$14.80M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.63M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-293.00K	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.00M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.57M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$784.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.18M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.41M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.18M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.41M	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$7.95M	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$12.17M	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$63.00K	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$108.00K	USD	Annual
Proceeds from issuance of units	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of units	`ProceedsFromIssuanceOfCommonStock`	$6.00K	USD	Annual
SAFE agreements	`SAFEAgreements`	$4.25M	USD	Annual
SAFE agreements	`SAFEAgreements`	$13.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.10M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.11M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.52M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.36M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.99M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$25.76M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$29.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.99M	USD	Point-in-time
Less: restricted cash	`RestrictedCash`	$62.00K	USD	Point-in-time
Less: restricted cash	`RestrictedCash`	$62.00K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance as	`StockholdersEquity`	$-51.84M	USD	Point-in-time
Balance as	`StockholdersEquity`	$-15.01M	USD	Point-in-time
Balance as	`StockholdersEquity`	$-57.62M	USD	Point-in-time
Issuance of Units	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.00K	USD	Annual
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$318.00K	USD	Annual
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$624.00K	USD	Annual
Investment in Intuitive Aviation	`UnrealizedGainLossOnInvestments`	$-1.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-35.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.41M	USD	Annual
Balance as	`StockholdersEquity`	$-51.84M	USD	Point-in-time
Balance as	`StockholdersEquity`	$-15.01M	USD	Point-in-time
Balance as	`StockholdersEquity`	$-57.62M	USD	Point-in-time

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