10-K Filing

SYNTEC OPTICS HOLDINGS, INC. CIK: 1866816 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-002997`
Period End Date	20221231
Filing Date	20230130
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 19 Cash Flow Statement 61 Stockholders Equity 34

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Temporary equity possible redemption per share	`TemporaryEquityPossibleRedemption`	1.35M	shares	Point-in-time
Temporary equity possible redemption per share	`TemporaryEquityPossibleRedemption`	1.35M	shares	Point-in-time
Temporary equity possible redemption per share value	`TemporaryEquityRedemptionPricePerShare`	$10.20	USD	Point-in-time
Temporary equity possible redemption per share value	`TemporaryEquityRedemptionPricePerShare`	$10.20	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash on hand	`CashAndCashEquivalentsAtCarryingValue`	$117.51K	USD	Point-in-time
Cash on hand	`CashAndCashEquivalentsAtCarryingValue`	$494.60K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$134.43K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$171.91K	USD	Point-in-time
Income Tax Receivable	`IncomeTaxReceivable`	$8.77K	USD	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
Income Tax Receivable	`IncomeTaxReceivable`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$666.51K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$260.70K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Long-term prepaid expenses	`LongtermPrepaidExpenses`	$135.04K	USD	Point-in-time
Long-term prepaid expenses	`LongtermPrepaidExpenses`	-	USD	Point-in-time
Marketable securities and cash held in Trust Account	`MarketableSecuritiesNoncurrent`	$14.01M	USD	Point-in-time
Marketable securities and cash held in Trust Account	`MarketableSecuritiesNoncurrent`	$146.63M	USD	Point-in-time
Total assets	`Assets`	$14.27M	USD	Point-in-time
Total assets	`Assets`	$147.43M	USD	Point-in-time
Accounts payable and accrued offering cost	`AccountsPayableCurrent`	$204.09K	USD	Point-in-time
Accounts payable and accrued offering cost	`AccountsPayableCurrent`	$117.07K	USD	Point-in-time
Aggregate redemption amount	`TemporaryEquityAggregateAmountOfRedemptionRequirement`	$13.03M	USD	Point-in-time
Income tax liability	`IncomeTaxLiability`	-	USD	Point-in-time
Income tax liability	`IncomeTaxLiability`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.07K	USD	Point-in-time
Deferred underwriters discount	`DeferredUnderwritersDiscount`	$500.00K	USD	Point-in-time
Deferred underwriters discount	`DeferredUnderwritersDiscount`	$5.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$617.07K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.24M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Temporary Equity, Carrying Amount, Attributable to Parent	`TemporaryEquityCarryingAmountAttributableToParent`	$13.92M	USD	Point-in-time
Temporary Equity, Carrying Amount, Attributable to Parent	`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`	$-265.62K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.43M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.60M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-265.14K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.56M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.54M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$14.27M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$147.43M	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$787.64K	USD	Annual
Operating costs	`OperatingExpenses`	$171.17K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-787.64K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-171.17K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentLossHeldInTrustAccount`	$1.68K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentLossHeldInTrustAccount`	$2.08M	USD	Annual
Total income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-169.49K	USD	2 Qtrs
Total income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.29M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$445.79K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$847.62K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$64.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$336.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$618.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-171.92K	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	-	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$847.62K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$64.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$336.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$618.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-171.92K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$1.68K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestEarnedOnInvestmentHeldInTrustAccount`	$2.08M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$306.94K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-172.52K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$204.09K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-20.59K	USD	Annual
Income tax expense	`IncreaseDecreaseInIncomeTaxes`	-	USD	2 Qtrs
Income tax expense	`IncreaseDecreaseInIncomeTaxes`	$445.79K	USD	Annual
Income Tax Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Income Tax Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$8.77K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-644.47K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-274.02K	USD	2 Qtrs
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	-	USD	Annual
Investment of cash in Trust Account	`InvestmentOfCashInTrustAccount`	$-146.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-146.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from sale of Units, net of underwriters discount	`ProceedsFromSaleOfUnitsNetOfUnderwritersDiscount`	$140.88M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriters discount	`ProceedsFromSaleOfUnitsNetOfUnderwritersDiscount`	-	USD	Annual
Proceeds from issuance of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacementWarrants`	-	USD	Annual
Proceeds from issuance of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacementWarrants`	$6.92M	USD	2 Qtrs
Proceeds from Issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from Issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from notes-payable to related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from notes-payable to related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Proceeds from advances from related party	`ProceedsFromAdvancesFromRelatedParty`	-	USD	Annual
Proceeds from advances from related party	`ProceedsFromAdvancesFromRelatedParty`	$364.00K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$66.44K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$426.88K	USD	2 Qtrs
Funds Transfer from Trust Account to Cash for DE Tax Reimbursement	`FundsTranferFromTrust`	$-664.00K	USD	2 Qtrs
Funds Transfer from Trust Account to Cash for DE Tax Reimbursement	`FundsTranferFromTrust`	$333.81K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$267.38K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$147.39M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-377.09K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$494.60K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$117.51K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$494.60K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$117.51K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$494.60K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$5.03M	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$500.00K	USD	Annual
Accretion of common stock to redemption value	`NoncashOrPartNoncashAccretionOfCommonStockToRedemptionValue`	$1.21M	USD	Annual
Accretion of common stock to redemption value	`NoncashOrPartNoncashAccretionOfCommonStockToRedemptionValue`	-	USD	2 Qtrs
Payment from Trust Account in connection with redemption of shares	`PaymentFromTrustAccountInConnectionWithRedemptionOfShares`	$133.92M	USD	Annual
Payment from Trust Account in connection with redemption of shares	`PaymentFromTrustAccountInConnectionWithRedemptionOfShares`	-	USD	2 Qtrs
Remeasurement of shares subject to redemption	`RemeasurementOfSharesSubjectToRedemption`	$14.55M	USD	2 Qtrs
Remeasurement of shares subject to redemption	`RemeasurementOfSharesSubjectToRedemption`	$15.76M	USD	Annual
Offering costs included in accounts payable and accrued expenses	`OfferingCostsIncludedInAccountsPayableAndAccruedExpenses`	$66.44K	USD	2 Qtrs
Offering costs included in accounts payable and accrued expenses	`OfferingCostsIncludedInAccountsPayableAndAccruedExpenses`	-	USD	Annual
Funds Transfer from Trust Account to Cash for Federal and State Tax Reimbursement	`FundsTransferFromTrustAccountToCashForFederalAndStateTaxReimbursement`	-	USD	2 Qtrs
Funds Transfer from Trust Account to Cash for Federal and State Tax Reimbursement	`FundsTransferFromTrustAccountToCashForFederalAndStateTaxReimbursement`	$445.79K	USD	Annual

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Number of shares issued	`StockIssuedDuringPeriodSharesNewIssues`	499,992.00	shares	Point-in-time
Balance, value	`StockholdersEquity`	$-4.60M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-265.14K	USD	Point-in-time
Balance, value	`StockholdersEquity`	-	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$25.00K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.56M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.54M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$25.00K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	-	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$847.62K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-169.49K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$64.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$336.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$618.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-171.92K	USD	1 Quarter
Remeasurement of shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-356.44K	USD	1 Quarter
Remeasurement of shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-855.45K	USD	1 Quarter
Remeasurement of shares subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-14.55M	USD	1 Quarter
Deferred Underwriters Fees	`DeferredUnderwritersFees`	$4.53M	USD	1 Quarter
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Issuance of Class B common stock to Sponsor, shares	`StockIssuedDuringPeriodSharesNewIssues`	499,992.00	shares	Point-in-time
Proceeds from issuance of public warrants, net of offering costs	`ProceedsFromIssuanceOfPublicWarrantsNetOfOfferingCosts`	$3.36M	USD	1 Quarter
Issuance of private placement warrants in connection with IPO, net of offering cost	`IssuanceOfPrivatePlacementWarrantsInConnectionWithInitialPublicOfferingNetOfOfferingCosts`	$6.90M	USD	1 Quarter
Balance, value	`StockholdersEquity`	$-4.60M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-265.14K	USD	Point-in-time
Balance, value	`StockholdersEquity`	-	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.43M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$25.00K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.56M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-4.54M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$25.00K	USD	Point-in-time

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