10-Q Filing

Athena Technology Acquisition Corp. II CIK: 1882198 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-068978`
Period End Date	20230630
Filing Date	20230818
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_athenatech2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 34 Cash Flow Statement 53 Stockholders Equity 21

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$184.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$418.88K	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
Cash - restricted	`RestrictedCashCurrent`	-	USD	Point-in-time
Cash - restricted	`RestrictedCashCurrent`	$2.39M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$140.60K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$287.45K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$706.33K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$259.98M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$23.08M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$25.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$260.69M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$519.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.35M	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$268.00K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$47.40K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.83M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$720.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.23M	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
Total liabilities	`Liabilities`	$13.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.46M	USD	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, 2,198,039 and 25,375,000 shares at redemption value of $10.65 and $10.21 per share, at June 30, 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, 2,198,039 and 25,375,000 shares at redemption value of $10.65 and $10.21 per share, at June 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$256.29M	USD	Point-in-time
Class A Common stock subject to possible redemption, $0.0001 par value, 2,198,039 and 25,375,000 shares at redemption value of $10.65 and $10.21 per share, at June 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$23.40M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2023 and December 31, 2022	`PreferredStockValue`	-	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`	$-8.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.98M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-9.14M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.88M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-10.98M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-8.77M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.51M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.86M	USD	Point-in-time
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$25.61M	USD	Point-in-time
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$260.69M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$1.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.36M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$267.82K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$590.18K	USD	2 Qtrs
Franchise tax	`FranchiseTax`	$113.57K	USD	2 Qtrs
Franchise tax	`FranchiseTax`	$50.00K	USD	1 Quarter
Franchise tax	`FranchiseTax`	$100.00K	USD	2 Qtrs
Franchise tax	`FranchiseTax`	$7.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$690.18K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$317.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.47M	USD	2 Qtrs
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$5.39M	USD	2 Qtrs
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$2.63M	USD	1 Quarter
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$371.93K	USD	2 Qtrs
Interest income on investments held in Trust Account and other income	`InterestIncomeOther`	$346.10K	USD	1 Quarter
Total other income	`OtherOperatingIncomeExpenseNet`	$371.93K	USD	2 Qtrs
Total other income	`OtherOperatingIncomeExpenseNet`	$2.63M	USD	1 Quarter
Total other income	`OtherOperatingIncomeExpenseNet`	$5.39M	USD	2 Qtrs
Total other income	`OtherOperatingIncomeExpenseNet`	$346.10K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$649.61K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.91M	USD	2 Qtrs
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.28K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-318.25K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.11M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$550.39K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.07K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-361.25K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$1.81M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$99.21K	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-361.25K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.81M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$99.21K	USD	1 Quarter
Interest income on investments held in Trust Account	`InvestmentIncomeInterest`	$371.93K	USD	2 Qtrs
Interest income on investments held in Trust Account	`InvestmentIncomeInterest`	$5.39M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-151.85K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-146.85K	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-25.00K	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-390.83K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.83M	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$-220.59K	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$100.00K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.11M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$43.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-804.17K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-715.39K	USD	2 Qtrs
Cash deposited to Trust Account	`PaymentsToAcquireHeldToMaturitySecurities`	$60.00K	USD	2 Qtrs
Cash deposited to Trust Account	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	2 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	-	USD	2 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$2.75M	USD	2 Qtrs
Cash withdrawn from trust in connection with redemption	`CashWithdrawnFromTrustInConnectionWithRedemption`	$239.60M	USD	2 Qtrs
Cash withdrawn from trust in connection with redemption	`CashWithdrawnFromTrustInConnectionWithRedemption`	-	USD	2 Qtrs
Cash withdrawn from trust in connection with redemption	`CashWithdrawnFromTrustInConnectionWithRedemption`	$239.60M	USD	Point-in-time
Net cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$242.29M	USD	2 Qtrs
Net cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Redemptions of Class A common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Redemptions of Class A common stock	`ProceedsFromIssuanceOfCommonStock`	$-239.60M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-239.60M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.97M	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-804.17K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.39M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.30K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.39M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.30K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$722.30K	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$184.00	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalents`	$722.30K	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalents`	$2.39M	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalents`	$2.39M	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`RestrictedCashAndCashEquivalents`	$722.30K	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`RestrictedCashAndCashEquivalents`	$2.39M	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`RestrictedCashAndCashEquivalents`	$2.39M	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Conversion of Class B common stock to Class A common stock	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	1 Quarter
Remeasurement of common stock subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-1.94M	USD	1 Quarter
Remeasurement of common stock subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-2.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-361.25K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.81M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$99.21K	USD	1 Quarter
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time

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