10-Q Filing

MultiSensor AI Holdings, Inc. CIK: 1863990 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-002700`
Period End Date	20220630
Filing Date	20220822
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	smapu-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 21 Cash Flow Statement 27 Stockholders Equity 18

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$931.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$534.39K	USD	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$384.73K	USD	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$315.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$849.58K	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
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$117.31M	USD	Point-in-time
Cash and securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$117.55M	USD	Point-in-time
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$118.40M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total assets	`Assets`	$118.74M	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 outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued offering costs and expenses	`AccruedOfferingCosts`	$147.43K	USD	Point-in-time
Accrued offering costs and expenses	`AccruedOfferingCosts`	$175.66K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$12.15K	USD	Point-in-time
Common shares, par value, (per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, par value, (per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$16.53K	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$24.61K	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total liabilities	`Liabilities`	$200.27K	USD	Point-in-time
Total liabilities	`Liabilities`	$176.11K	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	3.55M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	3.55M	shares	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	3.55M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	3.55M	shares	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.21 and $10.20 as of June 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$117.44M	USD	Point-in-time
Common stock subject to possible redemption	`TemporaryEquitySharesOutstanding`	11.50M	shares	Point-in-time
Common stock subject to possible redemption	`TemporaryEquitySharesOutstanding`	11.50M	shares	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.21 and $10.20 as of June 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$117.30M	USD	Point-in-time
Common stock, redemption value per share	`TemporaryEquityRedemptionPricePerShare`	$10.20	USD	Point-in-time
Common stock, redemption value per share	`TemporaryEquityRedemptionPricePerShare`	$10.21	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 3,550,000 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021	`CommonStockValue`	$356.00	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 3,550,000 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021	`CommonStockValue`	$356.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-413.95K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-731.07K	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$1.24M	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$24.59K	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$785.62K	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$118.40M	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$118.74M	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
Formation and operating cost	`OperatingCostsAndExpenses`	$541.56K	USD	2 Qtrs
Formation and operating cost	`OperatingCostsAndExpenses`	$413.00	USD	1 Quarter
Formation and operating cost	`OperatingCostsAndExpenses`	$314.39K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-314.39K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-541.56K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-413.00	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$10.93K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$236.59K	USD	2 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$196.31K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$196.31K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$236.59K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-304.97K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-413.00	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-118.07K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.15K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-130.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-413.00	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-317.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-413.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-186.89K	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-317.12K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-413.00	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$10.93K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$236.59K	USD	2 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$196.31K	USD	1 Quarter
Formation costs paid by related party	`FormationCostsPaidByRelatedParty`	$388.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$40.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-181.00K	USD	2 Qtrs
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$-28.23K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.15K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$46.00	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-8.08K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-396.88K	USD	2 Qtrs
Proceeds from issuance of common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-396.88K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$24.98K	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.39K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.39K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Deferred offering costs paid by Sponsor under the promissory note	`DeferredOfferingCostsPaidBySponsorUnderPromissoryNote`	$166.15K	USD	1 Quarter
Remeasurement of common stock subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$135.37K	USD	2 Qtrs
Remeasurement of common stock subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-135.37K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$1.24M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.59K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$785.62K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.05M	USD	Point-in-time
Remeasurement of carrying value to redemption value of shares subject to redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$135.37K	USD	2 Qtrs
Remeasurement of carrying value to redemption value of shares subject to redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-135.37K	USD	1 Quarter
Issuance of common stock to Sponsor	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-130.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-413.00	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-317.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-413.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-186.89K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$1.24M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.59K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$785.62K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$1.05M	USD	Point-in-time

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