10-Q Filing

Oklo Inc. CIK: 1849056 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001236`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	alcc-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 15 Cash Flow Statement 26 Stockholders Equity 11

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.90M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$274.16K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$420.83K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.17M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.00M	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
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$506.14M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$511.50M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$514.68M	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
TOTAL ASSETS	`Assets`	$510.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$303.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$661.29K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.25M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$294.08K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$118.72K	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`	$19.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.84M	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 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`	$-13.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$514.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$510.14M	USD	Point-in-time

Income Statement 15 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$1.16M	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$529.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-529.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.16M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$5.42M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$126.30K	USD	1 Quarter
Unrealized (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$14.58K	USD	1 Quarter
Unrealized (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.36M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$140.88K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-388.24K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.09M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-388.24K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$126.30K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$5.42M	USD	1 Quarter
Unrealized gain (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$14.58K	USD	1 Quarter
Unrealized gain (loss) gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-294.08K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-213.06K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-146.66K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$163.25K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$331.76K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.41M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-152.80K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-678.94K	USD	1 Quarter
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-152.80K	USD	1 Quarter
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-678.94K	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.18M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	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 - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.18M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$12.77K	USD	1 Quarter
Re-Measurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$3.22M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$3.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.57M	USD	Point-in-time

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