10-Q Filing

Oklo Inc. CIK: 1849056 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001410578-24-000635`
Period End Date	20240331
Filing Date	20240508
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	alcc-20240331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 24

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$420.81K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$420.81K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$430.72K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$430.72K	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
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
Prepaid expenses	`PrepaidExpenseCurrent`	$280.86K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$280.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$701.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$701.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.06M	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 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$303.56M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$303.56M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$307.51M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$307.51M	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
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`	$305.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$305.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$308.21M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$308.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$526.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$526.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$939.10K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$939.10K	USD	Point-in-time
Excise tax liability	`SalesAndExciseTaxPayableCurrent`	$2.16M	USD	Point-in-time
Excise tax liability	`SalesAndExciseTaxPayableCurrent`	$2.16M	USD	Point-in-time
Excise tax liability	`SalesAndExciseTaxPayableCurrent`	$2.16M	USD	Point-in-time
Excise tax liability	`SalesAndExciseTaxPayableCurrent`	$2.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$805.09K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$805.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.56M	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred legal fee	`DeferredLegalFeesNoncurrent`	$92.44K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$7.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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 and outstanding at March 31, 2024 and December 31, 2023, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.80M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-13.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$308.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$308.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$305.62M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$305.62M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Formation and operational costs	`OperatingCostsAndExpenses`	$1.16M	USD	1 Quarter
Formation and operational costs	`OperatingCostsAndExpenses`	$1.16M	USD	1 Quarter
Formation and operational costs	`OperatingCostsAndExpenses`	$1.02M	USD	1 Quarter
Formation and operational costs	`OperatingCostsAndExpenses`	$1.02M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.02M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.02M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.95M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.95M	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`	$5.42M	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.95M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.95M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.36M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.36M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.93M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.93M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.21M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.53M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.09M	USD	1 Quarter
Net income	`ProfitLoss`	$3.09M	USD	1 Quarter
Net income	`ProfitLoss`	$1.53M	USD	1 Quarter
Net income	`ProfitLoss`	$1.53M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$5.42M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$5.42M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.95M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.95M	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-52.85K	USD	1 Quarter
Deferred tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-294.08K	USD	1 Quarter
Deferred tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-294.08K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-146.66K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-146.66K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-149.86K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-149.86K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$331.76K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$331.76K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$412.15K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$412.15K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$654.08K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$654.08K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.41M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.41M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-678.94K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-678.94K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-678.94K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-678.94K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.21M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.21M	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$420.81K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$420.81K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$420.81K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$420.81K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.58M	USD	Point-in-time
Remeasurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$3.22M	USD	1 Quarter
Remeasurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$3.22M	USD	1 Quarter
Remeasurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$1.50M	USD	1 Quarter
Remeasurement for Class A common stock to redemption amount	`NonCashInvestingReMeasurementForClassCommonStockToRedemptionAmount`	$1.50M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-13.80M	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`	$3.22M	USD	1 Quarter
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$1.50M	USD	1 Quarter
Re-measurement for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$1.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$3.09M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.53M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.53M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.93M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-8.35M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-8.38M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-13.80M	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.