10-Q Filing

Jet.AI Inc. CIK: 1861622 Q2 2021

Filing Information

Filing Contents

This filing contains the following financial statements:

Balance Sheet 17 line items

Line Item	Tag	Value	Unit	Period
Prepaid expenses	`PrepaidExpenseCurrent`	$800.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$800.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredCostsCurrentAndNoncurrent`	$198.24K	USD	Point-in-time
Total Assets	`Assets`	$199.04K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$18.00	USD	Point-in-time
Promissory note payable	`NotesPayableCurrent`	$177.42K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 4,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.71K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.38K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$21.62K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$199.04K	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.38K	USD	1 Quarter
Weighted average Class B ordinary shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.50M	shares	1 Quarter
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 13 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.38K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-800.00	USD	1 Quarter
Deferred Offering Costs	`IncreaseDecreaseInDeferredCharges`	$-198.24K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-202.42K	USD	1 Quarter
Proceeds from issuance of promissory note payable	`ProceedsFromNotesPayable`	$177.42K	USD	1 Quarter
Proceeds from issuance of Class B shares	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$202.42K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Deferred offering costs included in promissory note payable	`DeferredOfferingCostsIncludedInPromissoryNotePayable`	$177.42K	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance April 12, 2021 (inception)	`StockholdersEquity`	$21.62K	USD	Point-in-time
Balance April 12, 2021 (inception)	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.38K	USD	1 Quarter
Balance - June 30, 2021	`StockholdersEquity`	$21.62K	USD	Point-in-time
Balance - June 30, 2021	`StockholdersEquity`	-	USD	Point-in-time

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