10-K Filing

MultiSensor AI Holdings, Inc. CIK: 1863990 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001410578-23-000573`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	smapu-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 13 Cash Flow Statement 33 Stockholders Equity 14

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$222.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$931.27K	USD	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$162.98K	USD	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$384.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$385.25K	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 securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$118.74M	USD	Point-in-time
Cash and securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$117.31M	USD	Point-in-time
Total assets	`Assets`	$119.13M	USD	Point-in-time
Total assets	`Assets`	$118.74M	USD	Point-in-time
Accrued offering costs and expenses	`AccruedOfferingCosts`	$239.02K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued offering costs and expenses	`AccruedOfferingCosts`	$175.66K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Franchise taxes payable	`FranchiseTaxesPayable`	$137.11K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$83.54K	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
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$72.17K	USD	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
Due to related party	`DueToRelatedPartiesCurrent`	$24.61K	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$21.36K	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total liabilities	`Liabilities`	$200.27K	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total liabilities	`Liabilities`	$553.20K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	3.55M	shares	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	3.55M	shares	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.30	`TemporaryEquityCarryingAmountAttributableToParent`	$118.45M	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
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.30	`TemporaryEquityCarryingAmountAttributableToParent`	$117.30M	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 December 31, 2022 and 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 December 31, 2022 and 2021	`CommonStockValue`	$356.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$497.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.65M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$-377.09K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$-413.95K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$120.38K	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
Total Liabilities, Redeemable Common Stock and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$119.13M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Formation and operating cost	`OperatingCostsAndExpenses`	$1.39M	USD	Annual
Formation and operating cost	`OperatingCostsAndExpenses`	$424.88K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.39M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-424.88K	USD	3 Qtrs
Interest earned on cash and securities held in Trust Account	`InvestmentIncomeInterest`	$1.74M	USD	Annual
Interest earned on cash and securities held in Trust Account	`InvestmentIncomeInterest`	$10.93K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$10.93K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.74M	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-413.95K	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$353.57K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$316.71K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-413.95K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$36.86K	USD	Annual

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$36.86K	USD	Annual
Net income (loss)	`ProfitLoss`	$-413.95K	USD	3 Qtrs
Interest earned on cash and securities held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$10.93K	USD	3 Qtrs
Interest earned on cash and securities held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$1.74M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$496.18K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-333.20K	USD	Annual
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$63.36K	USD	Annual
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$175.66K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$83.54K	USD	Annual
Deferred tax liability	`IncreaseDecreaseInDeferredLiabilities`	$72.17K	USD	Annual
Franchise taxes payable	`FranchiseTaxExpense`	$137.11K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-3.26K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$24.61K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-720.79K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.02M	USD	Annual
Principal deposited in Trust Account	`AmountDepositedInTrustAccount`	$117.30M	USD	3 Qtrs
Cash withdrawn from Trust Account to pay taxes	`ProceedsFromCashWithdrawnFromTrustAccountTaxPaid`	$307.14K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.30M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$307.14K	USD	Annual
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
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-709.00K	USD	Annual
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$222.27K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$222.27K	USD	Point-in-time
Deferred offering costs paid by related party	`DeferredOfferingCostsPaidByRelatedParty`	$323.19K	USD	3 Qtrs
Remeasurement of common stock subject to possible redemption	`RemeasurementsOfCommonStockSubjectToPossibleRedemption`	$1.15M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$120.38K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.24M	USD	Point-in-time
Common stock issued to Sponsors	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Common stock issued to Sponsors (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	250,000.00	shares	Point-in-time
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	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$1.15M	USD	Annual
Re-measurement of common shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$10.50M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-413.95K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$36.86K	USD	Annual
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$120.38K	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.