10-Q Filing

Oklo Inc. CIK: 1849056 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001790`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	alcc-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 33 Cash Flow Statement 33 Stockholders Equity 20

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$840.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.50K	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$882.73K	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
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$515.93M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$516.82M	USD	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`	$375.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$303.26K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	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`	$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`	$19.20M	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`	$-14.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.80M	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`	$-13.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$510.14M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$516.82M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$2.06M	USD	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$959.86K	USD	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$901.50K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$430.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-959.86K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-430.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.06M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-901.50K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$829.67K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$5.86M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$11.28M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$703.37K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$52.85K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-126.15K	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-111.57K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$718.10K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$5.92M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$577.22K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$11.28M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$146.48K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.01M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-241.76K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.22M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.11K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.35M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.11K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.78M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-333.88K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.87M	USD	2 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-333.88K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.87M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$829.67K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$11.28M	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$52.85K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-126.15K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-111.57K	USD	2 Qtrs
Deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$-294.08K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-424.88K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-378.33K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$45.91K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$228.14K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$53.23K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$89.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.22M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.26K	USD	2 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromCashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$195.00K	USD	Annual
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromCashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$1.49M	USD	1 Quarter
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromCashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$1.49M	USD	2 Qtrs
Cash withdrawn from Trust Account to pay franchise and income taxes	`ProceedsFromCashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes`	$1.49M	USD	Point-in-time
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.49M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-309.26K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.74M	USD	2 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$840.23K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.03M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$840.23K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.03M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.59M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.13K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
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`	$-13.93M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$3.22M	USD	1 Quarter
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$4.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.78M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-333.88K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.87M	USD	2 Qtrs
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`	$-13.93M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.18M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.80M	USD	Point-in-time

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