10-K Filing

Oklo Inc. CIK: 1849056 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001410578-23-000545`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	alcc-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 16 Cash Flow Statement 37 Stockholders Equity 13

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.34M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$840.71K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$420.83K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.18M	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
Prepaid expenses- long term	`PrepaidExpenseNoncurrent`	$415.83K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$506.14M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$510.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.72M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$303.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$295.26K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$294.08K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$118.72K	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`	$19.40M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2022 and December 31, 2021, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2022 and December 31, 2021, respectively	`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`	$-13.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	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`	$510.14M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Formation and operational costs	`OperatingCostsAndExpenses`	$1.18M	USD	Annual
Formation and operational costs	`OperatingCostsAndExpenses`	$1.81M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.18M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.81M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$7.28M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$117.68K	USD	Annual
Unrealized (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-68.05K	USD	Annual
Unrealized (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$7.79K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$125.47K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$7.21M	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.40M	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.05M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.42K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.47M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	Annual

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.93M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.06M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$117.68K	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$7.28M	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-68.05K	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$7.79K	USD	Annual
Deferred tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$294.08K	USD	Annual
Offering costs	`OfferingCosts`	$168.41K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.26M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-835.71K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$387.70K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.50K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.18M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.42K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-954.69K	USD	Annual
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromCashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$195.00K	USD	Annual
Cash withdrawn from Trust Account for working capital purposes	`ProceedsFromCashWithdrawnFromTrustAccountForWorkingCapitalPurposes`	$1.00M	USD	Annual
Investment of cash into Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$500.00M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.20M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00M	USD	Annual
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Proceeds from sale of Units, net of underwriting discounts paid	`NetProceedsFromInitialPublicOffering`	$491.42M	USD	Annual
Proceeds from sale of Private Placement Shares	`ProceedsFromIssuanceOfWarrants`	$14.50M	USD	Annual
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	Annual
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$500.00K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$727.77K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$505.22M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$240.31K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.34M	USD	Annual
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.13K	USD	Annual
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$12.77K	USD	Annual
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$17.50M	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	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	Annual
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Annual
Sale of 1,450,000 Private Placement Shares	`StockIssuedDuringPeriodValueIssuedForServices`	$14.50M	USD	Annual
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$26.65M	USD	Annual
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$4.54M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	Annual
Balance at the end	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	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.