10-Q Filing

Vicarious Surgical Inc. CIK: 1812173 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-028824`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	deh-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 6 Cash Flow Statement 13 Stockholders Equity 6

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$65.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$132.96K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.23M	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.09M	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Investments held in Trust Accounts	`AssetsHeldInTrust`	$345.19M	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Investments held in Trust Accounts	`AssetsHeldInTrust`	$345.26M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Assets	`Assets`	$346.42M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Assets	`Assets`	$346.35M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.20K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.68K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$112.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$126.22K	USD	Point-in-time
Deferred underwriting commissions	`DeferredIncomeNoncurrent`	$12.07M	USD	Point-in-time
Deferred underwriting commissions	`DeferredIncomeNoncurrent`	$12.07M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$29.42M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$31.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$44.73M	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized, 29,662,115 and 29,980,468 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$296.62M	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized, 29,662,115 and 29,980,468 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$299.80M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.46M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$346.42M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$346.35M	USD	Point-in-time

Income Statement 6 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.50M	USD	1 Quarter
Administrative fee - related party	`AdministrativeFeesExpense`	$30.00K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.53M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.73M	USD	1 Quarter
Net gain from investments held in Trust Accounts	`GainLossOnInvestments`	$67.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.18M	USD	1 Quarter

Cash Flow Statement 13 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.73M	USD	1 Quarter
Net gain from investments held in Trust Accounts	`IncomeLossFromEquityMethodInvestments`	$67.27K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-67.96K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.52K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.34M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.35K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-69.35K	USD	1 Quarter
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	$3.18M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$3.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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