OceanTech Acquisitions I Corp. (OTEC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
515 MADISON AVE., SUITE 8133 NEW YORK, NY 10022 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 203,480 | 16,338 | 35,806 | 28,840 | 151,737 | 139,531 | |||
| Cash and cash equivalents | 203,480 | 16,338 | 35,806 | 28,840 | 151,737 | 139,531 | |||
| Prepaid expense | 158,486 | 179 | 2,340 | 5,380 | 96,551 | ||||
| Total current assets: | 361,966 | 16,338 | 35,985 | 31,180 | 157,117 | 236,082 | |||
| Noncurrent Assets | |||||||||
| Asset, held-in-trust | 9,035,048 | 20,011,844 | 19,429,439 | 106,129,643 | 105,839,024 | 104,297,405 | |||
| Total noncurrent assets: | 9,035,048 | 20,011,844 | 19,429,439 | 106,129,643 | 105,839,024 | 104,297,405 | |||
| TOTAL ASSETS: | 9,397,014 | 20,028,182 | 19,465,424 | 106,160,823 | 105,996,141 | 104,533,487 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,665,610 | 1,977,270 | 1,614,363 | 798,243 | 419,204 | 415,415 | |||
| Accounts payable | 100,349 | ||||||||
| Accrued liabilities | 38,812 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 2,526,449 | 1,977,270 | 1,614,363 | 798,243 | 419,204 | 415,415 | |||
| Other liabilities | 808,004 | 301,500 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 307,667 | 152,667 | 122,667 | 92,667 | ||
| Other undisclosed current liabilities | 1,067,205 | 785,706 | 323,039 | 323,039 | 263,039 | 113,948 | |||
| Total current liabilities: | 4,540,819 | 3,064,476 | 2,245,069 | 1,273,949 | 804,910 | 622,030 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||
| Other liabilities | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||
| Other undisclosed noncurrent liabilities | 4,275,847 | 4,606,720 | 4,275,847 | 5,146,555 | 5,455,000 | 5,858,104 | |||
| Total noncurrent liabilities: | 6,275,847 | 6,606,720 | 6,275,847 | 7,146,555 | 7,455,000 | 7,858,104 | |||
| Total liabilities: | 10,816,666 | 9,671,196 | 8,520,916 | 8,420,504 | 8,259,910 | 8,480,134 | |||
| Temporary equity, carrying amount | 19,419,552 | 105,841,500 | 104,292,600 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (10,454,700) | (9,594,971) | (8,475,044) | (8,206,406) | (8,105,269) | (8,239,247) | |||
| Additional paid in capital | 1,858,406 | 2,180,556 | 2,248,291 | 3,367,665 | 3,367,665 | ||||
| Accumulated deficit | (12,313,375) | (11,775,796) | (10,723,604) | (11,574,340) | (11,473,203) | (8,239,516) | |||
| Other undisclosed equity, attributable to parent | 269 | 269 | 269 | 269 | 269 | 269 | |||
| Other undisclosed equity | 9,035,048 | 19,951,957 | 105,946,725 | ||||||
| Total equity: | (1,419,652) | 10,356,986 | (8,475,044) | 97,740,319 | (8,105,269) | (8,239,247) | |||
| TOTAL LIABILITIES AND EQUITY: | 9,397,014 | 20,028,182 | 19,465,424 | 106,160,823 | 105,996,141 | 104,533,487 | |||
Income Statement (P&L) (USD)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (1,008,654) | (464,054) | (943,291) | (658,976) | (346,845) | (406,783) | ||
| Operating loss: | (1,008,654) | (464,054) | (943,291) | (658,976) | (346,845) | (406,783) | ||
| Nonoperating income (expense) | 509,887 | (588,138) | 1,688,802 | 663,064 | (2,886,842) | 4,855,819 | ||
| Investment income, nonoperating | 192,618 | 207,405 | 818,094 | 354,619 | 77,719 | 1,457 | ||
| Interest and debt expense | (13,604) | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 13,604 | |||||||
| Income (loss) from continuing operations before income taxes: | (498,767) | (1,052,192) | 745,511 | 4,088 | (3,233,687) | 4,449,036 | ||
| Income tax expense | (38,812) | |||||||
| Income (loss) from continuing operations: | (537,579) | (1,052,192) | 745,511 | 4,088 | (3,233,687) | 4,449,036 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 4,088 | (3,233,687) | 4,449,036 | |
| Net income (loss) attributable to parent: | (537,579) | (1,052,192) | 745,511 | 4,088 | (3,233,687) | 4,449,036 | ||
| Preferred stock dividends and other adjustments | (157,405) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (2,668,274) | |||||||
| Net income (loss) available to common stockholders, diluted: | (537,579) | (1,209,597) | (1,922,763) | 4,088 | (3,233,687) | 4,449,036 | ||
Comprehensive Income (USD)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (537,579) | (1,052,192) | 745,511 | 4,088 | (3,233,687) | 4,449,036 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (537,579) | (1,052,192) | 745,511 | 4,088 | (3,233,687) | 4,449,036 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.