10-Q Filing

Athena Technology Acquisition Corp. II CIK: 1882198 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-041841`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_athenatech2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 16 Cash Flow Statement 32 Stockholders Equity 11

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$813.12K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.48K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$214.41K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$287.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$706.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$522.89K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$259.98M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$262.40M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$262.92M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$260.69M	USD	Point-in-time
Common stock subject to possible redemption, par value (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock subject to possible redemption, par value (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$519.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$702.31K	USD	Point-in-time
Common stock subject to possible redemption, shares at redemption value	`TemporaryEquitySharesOutstanding`	25.38M	shares	Point-in-time
Common stock subject to possible redemption, shares at redemption value	`TemporaryEquitySharesOutstanding`	25.38M	shares	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$268.00K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$50.00K	USD	Point-in-time
Common stock subject to possible redemption, per share. (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.29	USD	Point-in-time
Common stock subject to possible redemption, per share. (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.21	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.28M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$720.22K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.03M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.96M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.96M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total liabilities	`Liabilities`	$10.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.46M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Common stock subject to possible redemption, $0.0001 par value, 25,375,000 shares at redemption value of $10.29 and $10.21 per share, at March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$259.00M	USD	Point-in-time
Class A Common stock subject to possible redemption, $0.0001 par value, 25,375,000 shares at redemption value of $10.29 and $10.21 per share, at March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$261.07M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2023 or December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2023 or December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Class A common stock; $0.0001 par value; 100,000,000 shares authorized; 953,750 shares issued and outstanding (excluding 25,375,000 shares subject to possible redemption) at March 31, 2023 and December 31, 2022	`CommonStockValue`	$95.00	USD	Point-in-time
Class A common stock; $0.0001 par value; 100,000,000 shares authorized; 953,750 shares issued and outstanding (excluding 25,375,000 shares subject to possible redemption) at March 31, 2023 and December 31, 2022	`CommonStockValue`	$95.00	USD	Point-in-time
Class B common stock; $0.0001 par value; 10,000,000 shares authorized; 8,881,250 shares issued and outstanding at March 31, 2023 and December 31, 2022	`CommonStockValue1`	$888.00	USD	Point-in-time
Class B common stock; $0.0001 par value; 10,000,000 shares authorized; 8,881,250 shares issued and outstanding at March 31, 2023 and December 31, 2022	`CommonStockValue1`	$888.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.77M	USD	Point-in-time
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$260.69M	USD	Point-in-time
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$262.92M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$322.37K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$388.94K	USD	1 Quarter
Franchise tax	`FranchiseTax`	$50.00K	USD	1 Quarter
Franchise tax	`FranchiseTax`	$106.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$372.37K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$495.08K	USD	1 Quarter
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$25.84K	USD	1 Quarter
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$2.76M	USD	1 Quarter
Total other income	`OtherOperatingIncomeExpenseNet`	$2.76M	USD	1 Quarter
Total other income	`OtherOperatingIncomeExpenseNet`	$25.84K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-346.53K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.26M	USD	1 Quarter
(Provision for) Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-5.07K	USD	1 Quarter
(Provision for) Benefit from income taxes	`IncomeTaxExpenseBenefit`	$557.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Interest income on investments held in Trust Account and other	`InvestmentIncomeInterest`	$25.81K	USD	1 Quarter
Interest income on investments held in Trust Account and other	`InvestmentIncomeInterest`	$2.76M	USD	1 Quarter
Income tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Income tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	$5.07K	USD	1 Quarter
Income tax payable	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax payable	`DeferredIncomeTaxExpenseBenefit`	$557.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-65.50K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-73.03K	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	-	USD	1 Quarter
Due from affiliates	`IncreaseDecreaseInDueToAffiliatesCurrent`	$25.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$182.96K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-481.50K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$50.00K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-218.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-713.34K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-457.07K	USD	1 Quarter
Cash withdrawn from Trust Account to pay franchise and income taxes	`CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	-	USD	1 Quarter
Cash withdrawn from Trust Account to pay franchise and income taxes	`CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$346.66K	USD	1 Quarter
Net cash flows provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$346.66K	USD	1 Quarter
Net cash flows provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-713.34K	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.41K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$813.12K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.48K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$813.12K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.48K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time
Remeasurement of common stock subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-2.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time

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