10-Q Filing

Oklo Inc. CIK: 1849056 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-002506`
Period End Date	20230930
Filing Date	20231116
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	alcc-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 34 Cash Flow Statement 34 Stockholders Equity 28

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.58M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.25K	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`	$4.00M	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
Total current assets	`AssetsCurrent`	$1.78M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$506.14M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$518.21M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$519.99M	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`	$303.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.37M	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`	$19.96M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`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`	$-16.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.80M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-16.74M	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 LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$510.14M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$519.99M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$4.10M	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$402.62K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$1.36M	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$2.04M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.10M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.04M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-402.62K	USD	1 Quarter
Interest earned on cash and marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.18M	USD	3 Qtrs
Interest earned on cash and marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$6.65M	USD	1 Quarter
Interest earned on cash and marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$17.93M	USD	3 Qtrs
Interest earned on cash and marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$2.35M	USD	1 Quarter
Unrealized gain (loss) on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-54.83K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$56.75K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$17.93M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$3.13M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$6.65M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$2.41M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.01M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.77M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.83M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.53M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$534.57K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$626.69K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.14M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.47M	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.29M	USD	3 Qtrs
Interest earned on cash and marketable securities held in Trust Account	`InvestmentIncomeInterest`	$17.93M	USD	3 Qtrs
Interest earned on cash and marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.18M	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-54.83K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$56.75K	USD	1 Quarter
Deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$-294.08K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-388.58K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-604.04K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$12.98K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$824.51K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$624.27K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$33.96K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.68M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-747.87K	USD	3 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`	$4.85M	USD	3 Qtrs
Cash withdrawn from Trust Account for working capital purposes	`ProceedsFromCashWithdrawnFromTrustAccountForWorkingCapitalPurposes`	$1.00M	USD	Annual
Cash withdrawn from Trust Account for working capital purposes	`ProceedsFromCashWithdrawnFromTrustAccountForWorkingCapitalPurposes`	$1.00M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.85M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.83M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-747.87K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.75M	USD	Point-in-time
Cash - Beginning 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`	$2.59M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.75M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.42K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.79M	USD	3 Qtrs
Re-Measurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$12.23M	USD	3 Qtrs
Re-Measurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$1.37M	USD	3 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-16.74M	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
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$1.37M	USD	1 Quarter
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
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$4.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.14M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$54.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.78M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-388.24K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.47M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-13.41M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-14.78M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.57M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.52M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-16.74M	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

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