10-Q/A
Quarterly Report
CLIMATEROCK
CLRCR
NASDAQ
CIK: 1903392
File #: 001-41363
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Mar 31, 2023 | Dec 31, 2022 |
|---|---|---|
Current assets | ||
Cash | 54,458 | 411,711 |
Prepaid expenses | 80,626 | 106,542 |
Total current assets | 135,084 | 518,253 |
Restatement of Previously Issued Financial Statements | 81,039,102 | 81,897,579 |
Previously Reported | 82,032,663 | 81,557,355 |
Adjustments | (81,897,579) | (81,039,102) |
Non-current assets | ||
Cash and cash equivalents held in trust account | 81,897,579 | 81,039,102 |
Total non-current assets | 81,897,579 | 81,039,102 |
Restatement of Previously Issued Financial Statements | 81,039,102 | 81,897,579 |
Adjustments | 81,897,579 | 81,039,102 |
TOTAL ASSETS | 82,032,663 | 81,557,355 |
Current liabilities | ||
Accrued liabilities | 979,176 | 1,005,720 |
Loan payable - related party | 530,000 | 480,000 |
Total current liabilities | 1,509,176 | 1,485,720 |
Restatement of Previously Issued Financial Statements | 2,362,500 | 2,362,500 |
Previously Reported | 3,871,676 | 3,848,220 |
Adjustments | (2,362,500) | (2,362,500) |
Non-current liabilities | ||
Deferred underwriting commission payable | 2,362,500 | 2,362,500 |
Total non-current liabilities | 2,362,500 | 2,362,500 |
Restatement of Previously Issued Financial Statements | 2,362,500 | 2,362,500 |
Adjustments | 2,362,500 | 2,362,500 |
TOTAL LIABILITIES | 3,871,676 | 3,848,220 |
Class A ordinary shares, $0.0001 par value, subject to possible redemption. 7,875,000 shares at redemption value of $10.40 and $10.29 per share, including dividends earned in trust account, at March 31, 2023 and December 31, 2022, respectively | 81,897,579 | 81,039,102 |
Total commitments and contingencies | 81,897,579 | 81,039,102 |
SHAREHOLDERS’ DEFICIT | ||
Class A ordinary shares, $0.0001 par value; 479,000,000 shares authorized; 2,086,874 and 118,125 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively (excluding 7,875,000 shares subject to possible redemption as of March 31, 2023 and December 31, 2022) | 209 | 12 |
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 1 and 1,968,750 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively | — | 197 |
Accumulated deficit | (3,736,801) | (3,330,176) |
Total shareholders’ deficit | (3,736,592) | (3,329,967) |
Class A - Ordinary Shares | 209 | 12 |
Class B - Ordinary Shares | — | 197 |
Accumulated Deficit | (3,736,801) | (3,330,176) |
TOTAL LIABILITIES, COMMITMENTS AND CONTIGENCIES, AND SHAREHOLDERS’ DEFICIT | 82,032,663 | 81,557,355 |