10-Q Filing

MultiSensor AI Holdings, Inc. CIK: 1863990 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001291`
Period End Date	20230331
Filing Date	20230518
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	smapu-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 13 Cash Flow Statement 28 Stockholders Equity 11

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$222.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$162.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$385.25K	USD	Point-in-time
Cash and securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$119.89M	USD	Point-in-time
Cash and securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$118.74M	USD	Point-in-time
Total assets	`Assets`	$119.13M	USD	Point-in-time
Total assets	`Assets`	$119.93M	USD	Point-in-time
Accrued expenses	`AccruedOfferingCosts`	$350.71K	USD	Point-in-time
Accrued expenses	`AccruedOfferingCosts`	$239.02K	USD	Point-in-time
Franchise taxes payable	`FranchiseTaxesPayable`	$50.00K	USD	Point-in-time
Franchise taxes payable	`FranchiseTaxesPayable`	$137.11K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$414.38K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$83.54K	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
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$72.17K	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
Due to related party	`DueToRelatedPartiesCurrent`	$21.36K	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
Due to related party	`DueToRelatedPartiesCurrent`	$35.36K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total liabilities	`Liabilities`	$553.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$850.44K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.39 and $10.30, respectively, as of March 31, 2023 and December 31, 2022	`TemporaryEquityCarryingAmountAttributableToParent`	$118.45M	USD	Point-in-time
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.39 and $10.30, respectively, as of March 31, 2023 and December 31, 2022	`TemporaryEquityCarryingAmountAttributableToParent`	$119.43M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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 March 31, 2023 and December 31, 2022	`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 March 31, 2023 and December 31, 2022	`CommonStockValue`	$356.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$497.12K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-347.85K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-377.09K	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$120.38K	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-347.50K	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$119.13M	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$119.93M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Operating cost	`OperatingCostsAndExpenses`	$227.18K	USD	1 Quarter
Operating cost	`OperatingCostsAndExpenses`	$520.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-520.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-227.18K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$40.28K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.28M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.28M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$40.28K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$763.86K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-186.89K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$258.67K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-186.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$505.19K	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-186.89K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$505.19K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$1.28M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$40.28K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-133.94K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-50.39K	USD	1 Quarter
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$111.68K	USD	1 Quarter
Accrued offering costs and expenses	`IncreaseDecreaseInAccruedLiabilities`	$-69.97K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$330.83K	USD	1 Quarter
Deferred tax payable	`IncreaseDecreaseInDeferredLiabilities`	$-72.17K	USD	1 Quarter
Franchise tax payable	`FranchiseTaxExpense`	$-87.11K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$14.00K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-4.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-347.67K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-251.20K	USD	1 Quarter
Cash withdrawn from Trust Account to pay taxes	`ProceedsFromCashWithdrawnFromTrustAccountTaxPaid`	$139.39K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$139.39K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-251.20K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-208.28K	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$222.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.98K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$680.07K	USD	Point-in-time
Cash - End 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`	$13.98K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$680.07K	USD	Point-in-time
Remeasurement of common stock subject to possible redemption	`RemeasurementsOfCommonStockSubjectToPossibleRedemption`	$973.07K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$-347.50K	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$1.05M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$120.38K	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$1.24M	USD	Point-in-time
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$973.07K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-186.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$505.19K	USD	1 Quarter
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$-347.50K	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$1.05M	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$120.38K	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$1.24M	USD	Point-in-time

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