10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-041976`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_brilliant_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 19 Cash Flow Statement 31 Stockholders Equity 12

Balance Sheet 48 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`	405,733.00	shares	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`	$6.11M	USD	Point-in-time
Current assets cash	`Cash`	$4.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$738.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$738.00	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.11M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.46M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$4.46M	USD	Point-in-time
Total Assets	`Assets`	$6.11M	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
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$286.23K	USD	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	`DueToRelatedParty`	$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	`DueToRelatedParty`	$1.05M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$2.68M	USD	Point-in-time
Promissory note related party	`OtherNotesPayableCurrent`	$2.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.10M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.97M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$11.57K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$10.64K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.11M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.98M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 405,733 and 564,936 shares as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$4.44M	USD	Point-in-time
Ordinary shares subject to possible redemption, 405,733 and 564,936 shares as of March 31, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$6.06M	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 405,733 and 564,936 shares subject to possible redemption) as of March 31, 2023 and December 31, 2022	`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 405,733 and 564,936 shares subject to possible redemption) as of March 31, 2023 and December 31, 2022	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.97M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.09M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.92M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$6.11M	USD	Point-in-time
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$4.46M	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$78.38K	USD	1 Quarter
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.95M	shares	1 Quarter
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.04M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$469.27K	USD	1 Quarter
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-469.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-78.38K	USD	1 Quarter
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.04K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$925.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$3.95K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$8.99K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-925.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-79.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.95M	shares	1 Quarter
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.04M	shares	1 Quarter
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-79.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$925.00	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-5.04K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-75.53K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.79K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-107.17K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-699.25K	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$634.59K	USD	1 Quarter
Proceeds from sale of investment of cash in trust account	`ProceedsFromSaleOfInvestmentOfCashInTrustAccount`	$6.53M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.89M	USD	1 Quarter
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$80.00K	USD	1 Quarter
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$570.10K	USD	1 Quarter
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$634.59K	USD	1 Quarter
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$86.35K	USD	1 Quarter
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$1.71M	USD	1 Quarter
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$6.53M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.54M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.32M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-129.15K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.65M	USD	1 Quarter
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.46M	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.25K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.46M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.25K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Remeasurement adjustment of ordinary shares to redemption value	`RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue`	$638.54K	USD	1 Quarter
Remeasurement adjustment of ordinary shares to redemption value	`RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue`	$86.35K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Balance	`StockholdersEquity`	$-916.24K	USD	Point-in-time
Change in value of ordinary shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-3.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-79.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-460.28K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-86.35K	USD	1 Quarter
Balance	`StockholdersEquity`	$-4.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-452.01K	USD	Point-in-time
Balance	`StockholdersEquity`	$-916.24K	USD	Point-in-time

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