10-K Filing

MultiSensor AI Holdings, Inc. CIK: 1863990 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001410578-22-001884`
Period End Date	20211231
Filing Date	20220621
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	smapu-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 5 Cash Flow Statement 20 Stockholders Equity 10

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$931.27K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$384.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32M	USD	Point-in-time
Prepaid expenses-non-current	`PrepaidExpenseNoncurrent`	$111.45K	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$117.31M	USD	Point-in-time
Total assets	`Assets`	$118.74M	USD	Point-in-time
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued offering costs and expenses	`AccruedOfferingCosts`	$175.66K	USD	Point-in-time
Preferred stock, par value, (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
Due to related party	`DueToRelatedPartiesCurrent`	$24.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total liabilities	`Liabilities`	$200.27K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, par value, (per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.20	`TemporaryEquityCarryingAmountAttributableToParent`	$117.30M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	3.55M	shares	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 2,875,000 shares issued and outstanding	`CommonStockValue`	$356.00	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	3.55M	shares	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-413.95K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.24M	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$118.74M	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Formation and operating cost	`OperatingCostsAndExpenses`	$424.88K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-424.88K	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$10.93K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$10.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-413.95K	USD	3 Qtrs

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-413.95K	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$10.93K	USD	3 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$496.18K	USD	3 Qtrs
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$175.66K	USD	3 Qtrs
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-24.61K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-720.79K	USD	3 Qtrs
Principal deposited in Trust Account	`AmountDepositedInTrustAccount`	$117.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.30M	USD	3 Qtrs
Proceeds from initial public offering, net of costs	`NetProceedsFromInitialPublicOffering`	$112.70M	USD	3 Qtrs
Proceeds from sale of founder shares	`ProceedsFromSaleOfFounderShares`	$25.00K	USD	3 Qtrs
Proceeds from private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$6.75M	USD	3 Qtrs
Payment of promissory note - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-323.19K	USD	3 Qtrs
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$199.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.95M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$931.27K	USD	3 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Deferred offering costs paid by related party	`DeferredOfferingCostsPaidByRelatedParty`	$323.19K	USD	3 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Number of warrants to purchase shares issued	`ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights`	675,000.00	shares	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.24M	USD	Point-in-time
Common stock issued to Sponsors	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Sale of 675,000 private placement units, net of offering costs	`PrivatePlacementUnitsIssuedDuringPeriodValueNewIssues`	$6.75M	USD	3 Qtrs
Allocated proceeds to public warrants, net of offering costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$5.38M	USD	3 Qtrs
Re-measurement of common shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValue`	$10.50M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-413.95K	USD	3 Qtrs
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$1.24M	USD	Point-in-time

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