10-Q Filing

SYNTEC OPTICS HOLDINGS, INC. CIK: 1866816 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-012329`
Period End Date	20220331
Filing Date	20220506
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 5 Cash Flow Statement 13 Stockholders Equity 5

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
[custom:TemporaryEquityPossibleRedemption-0]	`TemporaryEquityPossibleRedemption`	14.38M	shares	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.20	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash on hand	`CashAndCashEquivalentsAtCarryingValue`	$494.60K	USD	Point-in-time
Cash on hand	`CashAndCashEquivalentsAtCarryingValue`	$177.31K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$171.91K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$212.60K	USD	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
Total current assets	`AssetsCurrent`	$389.91K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$666.51K	USD	Point-in-time
Long-term prepaid expenses	`PrepaidExpenseNoncurrent`	$135.04K	USD	Point-in-time
Long-term prepaid expenses	`PrepaidExpenseNoncurrent`	$96.16K	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
Marketable securities and cash held in Trust Account	`MarketableSecuritiesNoncurrent`	$146.64M	USD	Point-in-time
Marketable securities and cash held in Trust Account	`MarketableSecuritiesNoncurrent`	$146.63M	USD	Point-in-time
Total assets	`Assets`	$147.43M	USD	Point-in-time
Total assets	`Assets`	$147.12M	USD	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$204.09K	USD	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$72.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.09K	USD	Point-in-time
Deferred underwriters discount	`DeferredUnderwritersDiscount`	$5.03M	USD	Point-in-time
Deferred underwriters discount	`DeferredUnderwritersDiscount`	$5.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.24M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 14,375,000 shares at redemption value of $10.20	`TemporaryEquityCarryingAmountAttributableToParent`	$146.62M	USD	Point-in-time
Class A common stock subject to possible redemption, 14,375,000 shares at redemption value of $10.20	`TemporaryEquityCarryingAmountAttributableToParent`	$146.62M	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
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.43M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.60M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$147.12M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$147.43M	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$183.88K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-183.88K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$11.97K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$11.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-171.92K	USD	1 Quarter

Cash Flow Statement 13 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-171.92K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$11.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.81K	USD	1 Quarter
Accounts payable and accrued offering costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-65.16K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-250.85K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$66.44K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-66.44K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-317.29K	USD	1 Quarter
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.31K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$494.60K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.31K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$494.60K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$5.03M	USD	1 Quarter

Stockholders Equity 5 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.60M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-171.92K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.60M	USD	Point-in-time

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