10-Q Filing

NUKKLEUS INC. CIK: 1787518 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-088733`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q0923_brilliant_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 40 Cash Flow Statement 42 Stockholders Equity 22

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares subject to possible redemption	`TemporaryEquitySharesIssued`	403,696.00	shares	Point-in-time
Ordinary shares subject to possible redemption	`TemporaryEquitySharesIssued`	564,936.00	shares	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Current assets cash	`CashAndCashEquivalentsAtCarryingValue`	$6.11M	USD	Point-in-time
Current assets cash	`CashAndCashEquivalentsAtCarryingValue`	$4.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$738.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.61M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.11M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Total Assets	`Assets`	$4.61M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Total Assets	`Assets`	$6.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$470.01K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$315.02K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.97M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.65M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$10.64K	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$19.58K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.67M	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, 403,696 and 564,936 shares as of September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$6.06M	USD	Point-in-time
Ordinary shares subject to possible redemption, 403,696 and 564,936 shares as of September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$4.61M	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 403,696 and 564,936 shares subject to possible redemption) as of September 30, 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 403,696 and 564,936 shares subject to possible redemption) as of September 30, 2023 and December 31, 2022	`CommonStockValue`	$3.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.55M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-4.67M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-3.96M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-1.83M	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`	$4.61M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.91M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$480.87K	USD	1 Quarter
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.34M	shares	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$116.67K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$1.09M	USD	3 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.93M	shares	3 Qtrs
Weighted average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.54M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$459.99K	USD	3 Qtrs
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.24	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-480.87K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-116.67K	USD	1 Quarter
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-459.99K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.09M	USD	3 Qtrs
Diluted net loss per ordinary share	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$8.93K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$44.80K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$9.39K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$106.18K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$8.30K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$64.95K	USD	3 Qtrs
Total other (expenses) income	`NonoperatingIncomeExpense`	$-97.89K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$20.15K	USD	3 Qtrs
Total other (expenses) income	`NonoperatingIncomeExpense`	$-9.39K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$-8.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-126.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-468.93K	USD	3 Qtrs
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.34M	shares	3 Qtrs
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.93M	shares	3 Qtrs
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.91M	shares	1 Quarter
Weighted average shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.54M	shares	1 Quarter
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	3 Qtrs
Basic net loss per ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-126.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-468.93K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$8.93K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$44.80K	USD	3 Qtrs
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$9.39K	USD	1 Quarter
Changes in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$106.18K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	-	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-738.00	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$51.98K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.25K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$154.98K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-304.27K	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Proceeds from sale of investment of cash in trust account	`ProceedsFromSaleOfOtherInvestments`	$47.39M	USD	3 Qtrs
Proceeds from sale of investment of cash in trust account	`ProceedsFromSaleOfOtherInvestments`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$47.39M	USD	3 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$250.00K	USD	3 Qtrs
Advance from related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	$987.59K	USD	3 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$870.10K	USD	3 Qtrs
Proceeds from promissory note related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$280.60K	USD	3 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$1.73M	USD	3 Qtrs
Repayment of redemption of ordinary shares	`PaymentsForRepurchaseOfOtherEquity`	$17.27M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.41M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.20M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.92M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.50M	USD	3 Qtrs
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.20M	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.61M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.20M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$283.40K	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11M	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.61M	USD	Point-in-time
Remeasurement adjustment of ordinary shares to redemption value	`RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue`	$1.05M	USD	3 Qtrs
Remeasurement adjustment of ordinary shares to redemption value	`RemeasurementAdjustmentOfOrdinarySharesToRedemptionValue`	$280.60K	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-126.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-578.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-468.93K	USD	3 Qtrs
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-353.00K	USD	1 Quarter
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-280.60K	USD	3 Qtrs
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-987.59K	USD	3 Qtrs
Reclassification of temporary equity	`ReclassificationsOfTemporaryToPermanentEquity`	$-96.90K	USD	1 Quarter
Change in value of ordinary shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$8.30K	USD	1 Quarter
Change in value of ordinary shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$64.95K	USD	3 Qtrs
Balance	`StockholdersEquity`	$-4.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.83M	USD	Point-in-time

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