10-Q Filing

Oklo Inc. CIK: 1849056 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-001505`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	alcc-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 10 Cash Flow Statement 28 Stockholders Equity 12

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.34M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$840.71K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$835.56K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.18M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	$207.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	$415.83K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.13M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.27M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$387.70K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$458.50K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.42K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$402.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$473.69K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	-	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$17.50M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$17.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.90M	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, 50,000,000 shares at redemption value as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$500.00M	USD	Point-in-time
Class A common stock subject to possible redemption, 50,000,000 shares at redemption value as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$500.00M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`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`	$-13.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.18M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$504.72M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$504.49M	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Formation and operational costs	`OperatingCostsAndExpenses`	$1.00K	USD	1 Quarter
Formation and operational costs	`OperatingCostsAndExpenses`	$529.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-529.12K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$126.30K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$14.58K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$140.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-388.24K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$126.30K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$14.58K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-213.06K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$163.25K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-152.80K	USD	1 Quarter
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$298.46K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$226.53K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$226.53K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-152.80K	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.53K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.18M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.53K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.18M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$40.71K	USD	1 Quarter
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$12.77K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.18M	USD	Point-in-time

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