10-Q Filing

MultiSensor AI Holdings, Inc. CIK: 1863990 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-002565`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	smapu-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 34 Cash Flow Statement 40 Stockholders Equity 31

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$222.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.90K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.96K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$162.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$385.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.86K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$17.71M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$118.74M	USD	Point-in-time
Total assets	`Assets`	$17.75M	USD	Point-in-time
Total assets	`Assets`	$119.13M	USD	Point-in-time
Accrued expenses	`AccruedOfferingCosts`	$436.99K	USD	Point-in-time
Accrued expenses	`AccruedOfferingCosts`	$239.02K	USD	Point-in-time
Franchise taxes payable	`FranchiseTaxesPayable`	$103.40K	USD	Point-in-time
Franchise taxes payable	`FranchiseTaxesPayable`	$137.11K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$38.16K	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
Income tax payable	`AccruedIncomeTaxes`	$83.54K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Excise tax payable	`SalesAndExciseTaxPayableCurrentAndNoncurrent`	$1.03M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$72.17K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Promissory Notes	`NotesPayable`	$981.46K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Due to related party	`OtherLiabilitiesCurrent`	$21.36K	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related party	`OtherLiabilitiesCurrent`	$277.18K	USD	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total liabilities	`Liabilities`	$553.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.87M	USD	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 1,634,944 and 11,500,000 shares at redemption value of $10.73 and $10.30, respectively, as of September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$17.54M	USD	Point-in-time
Common stock subject to possible redemption, 1,634,944 and 11,500,000 shares at redemption value of $10.73 and $10.30, respectively, as of September 30, 2023 and December 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$118.45M	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 1,634,944 and 11,500,000 shares subject to possible redemption) as of September 30, 2023 and December 31, 2022, respectively	`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 1,634,944 and 11,500,000 shares subject to possible redemption) as of September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$356.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$497.12K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-377.09K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.66M	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-2.66M	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$120.38K	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$17.75M	USD	Point-in-time
Total Liabilities, Redeemable Common Stock and Stockholders' (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$119.13M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Operating cost	`OperatingCostsAndExpenses`	$409.46K	USD	1 Quarter
Operating cost	`OperatingCostsAndExpenses`	$253.95K	USD	1 Quarter
Operating cost	`OperatingCostsAndExpenses`	$1.36M	USD	3 Qtrs
Operating cost	`OperatingCostsAndExpenses`	$795.52K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-795.52K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-409.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-253.95K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$225.73K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$541.22K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$777.81K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.99M	USD	3 Qtrs
Accrued interest on Promissory Notes	`AccruedInterestOnPromissoryNotes`	$704.97K	USD	1 Quarter
Accrued interest on Promissory Notes	`AccruedInterestOnPromissoryNotes`	$1.62M	USD	3 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$777.81K	USD	3 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$541.22K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-479.24K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$375.18K	USD	3 Qtrs
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$287.26K	USD	1 Quarter
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-888.70K	USD	1 Quarter
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-986.81K	USD	3 Qtrs
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.71K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.05K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$103.16K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$395.98K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$115.31K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-130.23K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-959.22K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$505.19K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$184.11K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-133.01K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-186.89K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-928.75K	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-133.01K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.38M	USD	3 Qtrs
Accrued interest on Promissory Notes	`AccruedInterestOnPromissoryNotes`	$704.97K	USD	1 Quarter
Accrued interest on Promissory Notes	`AccruedInterestOnPromissoryNotes`	$1.62M	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$777.81K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$1.99M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-152.01K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-274.17K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$197.97K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-45.39K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$61.31K	USD	3 Qtrs
Deferred tax payable	`IncreaseDecreaseInDeferredLiabilities`	$-72.17K	USD	3 Qtrs
Franchise tax payable	`FranchiseTaxExpense`	$-33.71K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-3.26K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$74.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-583.60K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.49M	USD	3 Qtrs
Extension funding of Trust Account	`ExtensionFundingOfTrustAccount`	$490.48K	USD	3 Qtrs
Funds withdrawn from Trust Account for redemptions	`ProceedsFromFundsWithdrawnFromTrustAccountForRedemptions`	$102.90M	USD	3 Qtrs
Cash withdrawn from Trust Account to pay taxes	`ProceedsFromCashWithdrawnFromTrustAccountTaxPaid`	$618.08K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$103.03M	USD	3 Qtrs
Proceeds from issuance of Promissory Note	`ProceedsFromNotesPayable`	$981.46K	USD	3 Qtrs
Proceeds from related party	`ProceedsFromRelatedPartyDebt`	$181.82K	USD	3 Qtrs
Payment of redemptions on Common Stock	`PaymentOfRedemptionsOnCommonStock`	$102.90M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-101.73M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-194.37K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-583.60K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$347.67K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$931.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$222.27K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.90K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$347.67K	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
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.90K	USD	Point-in-time
Discount on Promissory Notes for fair value of shares transferred	`DiscountOnPromissoryNotesForFairValueOfSharesTransferred`	$1.62M	USD	3 Qtrs
Excise tax liability accrued for common stock redemptions	`ExciseTaxLiabilityAccruedForCommonStockRedemptions`	$1.03M	USD	3 Qtrs
Remeasurement of common stock subject to possible redemption	`RemeasurementsOfCommonStockSubjectToPossibleRedemption`	$444.71K	USD	3 Qtrs
Remeasurement of common stock subject to possible redemption	`RemeasurementsOfCommonStockSubjectToPossibleRedemption`	$1.98M	USD	3 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$1.24M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$785.62K	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$1.05M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$-2.66M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$-347.50K	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$-1.33M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$660.39K	USD	Point-in-time
Balance at the beginning	`StockholdersEquityAmountAttributableToParent`	$120.38K	USD	Point-in-time
Fair value of founder shares transferred on Promissory Notes	`FairValueOfFounderSharesTransferredOnPromissoryNotes`	$1.62M	USD	1 Quarter
Excise tax imposed on common stock redemptions	`ExciseTaxImposedOnCommonStockRedemptions`	$1.03M	USD	1 Quarter
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$973.07K	USD	1 Quarter
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$309.34K	USD	1 Quarter
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$395.92K	USD	1 Quarter
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$135.37K	USD	1 Quarter
Remeasurement of carrying value to redemption value of shares subject to possible redemption	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$611.12K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-130.23K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-959.22K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$505.19K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$184.11K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-133.01K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-186.89K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-928.75K	USD	1 Quarter
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$1.24M	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$785.62K	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$1.05M	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$-2.66M	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$-347.50K	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$-1.33M	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$660.39K	USD	Point-in-time
Balance at the end	`StockholdersEquityAmountAttributableToParent`	$120.38K	USD	Point-in-time

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