10-Q Filing

Oklo Inc. CIK: 1849056 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-002391`
Period End Date	20220630
Filing Date	20220812
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	alcc-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 24 Cash Flow Statement 32 Stockholders Equity 20

Balance Sheet 52 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`	$3.34M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.03M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$831.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$840.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.18M	USD	Point-in-time
Prepaid expenses- long term	`PrepaidExpenseNoncurrent`	-	USD	Point-in-time
Prepaid expenses- long term	`PrepaidExpenseNoncurrent`	$415.83K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.84M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$387.70K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$536.17K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.42K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$92.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$402.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$628.28K	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`	$17.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.22M	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 June 30, 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 June 30, 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`	$-13.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.18M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$504.70M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$504.72M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$959.86K	USD	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$430.74K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$1.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-959.86K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-430.74K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$829.67K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$703.37K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-126.15K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-111.57K	USD	2 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	-	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$577.22K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$718.10K	USD	2 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$146.48K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-241.76K	USD	2 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.11K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.11K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-333.88K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.00K	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-333.88K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$829.67K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-126.15K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-111.57K	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-424.88K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$228.14K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$89.70K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$319.06K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$205.94K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-309.26K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$205.94K	USD	2 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.03M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.94K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.03M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.94K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$3.13K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$397.00K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.00K	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	2 Qtrs
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-333.88K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.00K	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.