10-Q Filing

Athena Technology Acquisition Corp. II CIK: 1882198 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-088718`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q0923_athenatech2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 40 Cash Flow Statement 58 Stockholders Equity 30

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.84K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$516.41K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$418.88K	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$565.42K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$287.45K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$66.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$659.26K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$706.33K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$25.39M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$259.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$260.69M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$26.05M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$519.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.86M	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayableCurrent`	$268.00K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayableCurrent`	$72.30K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.89M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$720.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$8.96M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$8.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.93M	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 $10.92 and $10.21 per share, at September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$24.00M	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 $10.92 and $10.21 per share, at September 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 $10.92 and $10.21 per share, at September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$259.00M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at September 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 September 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`	$239.76K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.77M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-9.14M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-10.98M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.51M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.86M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-11.88M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-8.77M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-7.88M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-8.34M	USD	Point-in-time
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$26.05M	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 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$884.14K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$293.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$679.02K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.04M	USD	3 Qtrs
Franchise tax	`FranchiseTax`	$24.90K	USD	1 Quarter
Franchise tax	`FranchiseTax`	$150.00K	USD	3 Qtrs
Franchise tax	`FranchiseTax`	$50.00K	USD	1 Quarter
Franchise tax	`FranchiseTax`	$138.47K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$343.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.03M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$703.92K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.18M	USD	3 Qtrs
Interest income on investments held in Trust Account	`InvestmentIncomeNet`	$5.69M	USD	3 Qtrs
Interest income on investments held in Trust Account	`InvestmentIncomeNet`	$1.16M	USD	1 Quarter
Interest income on investments held in Trust Account	`InvestmentIncomeNet`	$1.53M	USD	3 Qtrs
Interest income on investments held in Trust Account	`InvestmentIncomeNet`	$304.78K	USD	1 Quarter
Finance costs discount on debt issuance	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Finance costs discount on debt issuance	`AmortizationOfFinancingCostsAndDiscounts`	$89.91K	USD	3 Qtrs
Finance costs discount on debt issuance	`AmortizationOfFinancingCostsAndDiscounts`	$89.91K	USD	1 Quarter
Finance costs discount on debt issuance	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$214.87K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$5.60M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.53M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.16M	USD	1 Quarter
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-489.06K	USD	1 Quarter
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$494.64K	USD	3 Qtrs
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.42M	USD	3 Qtrs
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$812.89K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.14K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$275.44K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$232.44K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.17M	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-548.20K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$580.46K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$1.71M	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$219.20K	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$99.21K	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-548.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$580.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$219.20K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$99.21K	USD	1 Quarter
Interest income on investments held in Trust Account	`InvestmentIncomeInterest`	$1.53M	USD	3 Qtrs
Interest income on investments held in Trust Account	`InvestmentIncomeInterest`	$5.69M	USD	3 Qtrs
Finance costs discount on debt issuance	`AmortizationOfFinancingCosts`	$89.91K	USD	3 Qtrs
Finance costs discount on debt issuance	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-229.03K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-221.45K	USD	3 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-25.00K	USD	3 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.34M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-380.06K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInIncomeTaxesAndFranchiseTaxPayable`	$150.00K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInIncomeTaxesAndFranchiseTaxPayable`	$-195.69K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.17M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$275.44K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.01M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-807.74K	USD	3 Qtrs
Cash deposited to Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	3 Qtrs
Cash deposited to Trust Account	`PaymentsToInvestInDecommissioningFund`	$240.00K	USD	3 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromDecommissioningFund`	$922.11K	USD	3 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromDecommissioningFund`	-	USD	Annual
Cash withdrawn from trust in connection with redemption	`CashWithdrawnFromTrustInConnectionWithRedemption`	$239.60M	USD	3 Qtrs
Cash withdrawn from trust in connection with redemption	`CashWithdrawnFromTrustInConnectionWithRedemption`	$239.60M	USD	Point-in-time
Net cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$240.29M	USD	3 Qtrs
Net cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Redemptions of Class A common stock	`ProceedsFromIssuanceOfCommonStock`	$-239.60M	USD	3 Qtrs
Redemptions of Class A common stock	`ProceedsFromIssuanceOfCommonStock`	$239.60M	USD	Point-in-time
Redemptions of Class A common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	3 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-239.30M	USD	3 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.01M	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$174.38K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$516.41K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$593.26K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$516.41K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$593.26K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.84K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$516.41K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$418.88K	USD	Point-in-time
Cash restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$565.42K	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$418.88K	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$516.41K	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53M	USD	Point-in-time
CASH AND RESTRICTED CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$593.26K	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.34M	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	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-591.17K	USD	1 Quarter
Remeasurement of common stock subject to redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-1.94M	USD	1 Quarter
Remeasurement of common stock subject to redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-1.05M	USD	1 Quarter
Remeasurement of common stock subject to redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-2.07M	USD	1 Quarter
Class A common stock to be transferred to fund promissory note	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$239.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-548.20K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$580.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-341.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$219.20K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$99.21K	USD	1 Quarter
Balance	`StockholdersEquity`	$-9.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.34M	USD	Point-in-time

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