10-Q Filing

Oklo Inc. CIK: 1849056 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-003138`
Period End Date	20220930
Filing Date	20221110
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	alcc-20220930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 33 Cash Flow Statement 38 Stockholders Equity 28

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.34M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$652.49K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$840.71K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.24M	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`	$503.25M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$506.50M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.72M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$295.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$321.01K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.42K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$626.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$947.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.44K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	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`	$18.54M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	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`	$-13.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.19M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-12.66M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.57M	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`	$-13.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$24.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$506.50M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$504.72M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$569.02K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$1.36M	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$570.02K	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$402.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-569.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-402.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-570.02K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.18M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$2.35M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$40.90K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$40.90K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities held in Trust	`UnrealizedGainLossOnInvestments`	$56.75K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust	`UnrealizedGainLossOnInvestments`	$-54.83K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$3.13M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$33.84K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$2.41M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$33.84K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.77M	USD	3 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.01M	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-535.18K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-536.18K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$534.57K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$626.69K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-535.18K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.47M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-536.18K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.14M	USD	3 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.14M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-536.18K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.18M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$40.90K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$56.75K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-54.83K	USD	3 Qtrs
Offering Costs	`OfferingCosts`	$168.41K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.47M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-604.04K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$96.48K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$12.98K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$624.27K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-747.87K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.78M	USD	3 Qtrs
Investment of cash into Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$500.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00M	USD	3 Qtrs
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`NetProceedsFromInitialPublicOffering`	$491.42M	USD	3 Qtrs
Proceeds from sale of private placement shares	`ProceedsFromIssuanceOfWarrants`	$14.50M	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$500.00K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$727.77K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$505.22M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.44M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-747.87K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$2.42K	USD	3 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$102.00K	USD	3 Qtrs
Initial Classification of Class A common stock subject to possible redemption	`InitialClassificationOfClassCommonStockSubjectToPossibleRedemption`	$500.00M	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$17.50M	USD	3 Qtrs
Re-Measurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$1.37M	USD	3 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-12.66M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.57M	USD	Point-in-time
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`	$-13.18M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.00K	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	3 Qtrs
Sale of 1,450,000 Private Placement Shares	`StockIssuedDuringPeriodValueIssuedForServices`	$14.50M	USD	1 Quarter
Re-Measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$26.65M	USD	1 Quarter
Re-Measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$1.37M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-535.18K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.47M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-536.18K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.14M	USD	3 Qtrs
Balance at the end	`StockholdersEquity`	$-12.66M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.57M	USD	Point-in-time
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`	$-13.18M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.00K	USD	Point-in-time

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