10-Q Filing

Vicarious Surgical Inc. CIK: 1812173 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-042104`
Period End Date	20210630
Filing Date	20210812
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	f10q0621_d8holdings_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 18 Cash Flow Statement 33 Stockholders Equity 17

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$236.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$132.96K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$41.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$277.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.23M	USD	Point-in-time
Investments held in Trust Accounts	`AssetsHeldInTrust`	$345.27M	USD	Point-in-time
Investments held in Trust Accounts	`AssetsHeldInTrust`	$345.19M	USD	Point-in-time
Total Assets	`Assets`	$346.42M	USD	Point-in-time
Total Assets	`Assets`	$345.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.66K	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`	$2.09M	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$126.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred underwriting commissions	`DeferredIncomeNoncurrent`	$12.07M	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred underwriting commissions	`DeferredIncomeNoncurrent`	$12.07M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$29.42M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$50.71M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total liabilities	`Liabilities`	$41.62M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total liabilities	`Liabilities`	$64.95M	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, 27,559,115 and 29,980,468 shares subject to possible redemption at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$299.80M	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized, 27,559,115 and 29,980,468 shares subject to possible redemption at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$275.59M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 6,940,885 and 4,519,532 shares issued and outstanding (excluding 27,559,115 and 29,980,468 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$452.00	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 6,940,885 and 4,519,532 shares issued and outstanding (excluding 27,559,115 and 29,980,468 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$694.00	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020	`CommonStockValueOne`	$863.00	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020	`CommonStockValueOne`	$863.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.68M	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 shareholders equity	`StockholdersEquity`	$-1.70K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$345.54M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$346.42M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.94M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.44M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$26.70K	USD	1 Quarter
Administrative fee - related party	`AdministrativeFeesExpense`	$60.00K	USD	2 Qtrs
Administrative fee - related party	`AdministrativeFeesExpense`	-	USD	1 Quarter
Administrative fee - related party	`AdministrativeFeesExpense`	$30.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-26.70K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.00M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.47M	USD	1 Quarter
Change in fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-21.29M	USD	2 Qtrs
Change in fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-19.57M	USD	1 Quarter
Net gain from investments held in Trust Accounts	`GainLossOnInvestments`	$74.24K	USD	2 Qtrs
Net gain from investments held in Trust Accounts	`GainLossOnInvestments`	-	USD	1 Quarter
Net gain from investments held in Trust Accounts	`GainLossOnInvestments`	$6.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.21M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.03M	USD	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.21M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-26.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.03M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.29M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Net gain from investments held in Trust Accounts	`IncomeLossFromEquityMethodInvestments`	$74.24K	USD	2 Qtrs
Net gain from investments held in Trust Accounts	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-91.96K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$63.97K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$9.74K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.98M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-861.20K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-861.20K	USD	2 Qtrs
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$236.12K	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$236.12K	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Offering costs paid in exchange for issuance of Class B ordinary shares to Sponsor	`OfferingCostsPaidInExchangeForIssuanceOfClassBOrdinarySharesToSponsor`	$25.00K	USD	1 Quarter
Offering costs paid in exchange for issuance of Class B ordinary shares to Sponsor	`OfferingCostsPaidInExchangeForIssuanceOfClassBOrdinarySharesToSponsor`	-	USD	2 Qtrs
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccruedExpenses`	-	USD	2 Qtrs
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccruedExpenses`	$254.36K	USD	1 Quarter
Offering costs included in note payable	`OfferingCostsIncludedInNotePayable`	$107.48K	USD	1 Quarter
Offering costs included in note payable	`OfferingCostsIncludedInNotePayable`	-	USD	2 Qtrs
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	$24.21M	USD	2 Qtrs
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$3.18M	USD	1 Quarter
Shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$21.03M	USD	1 Quarter
Issuance of Class B ordinary shares to Sponsor(1)	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Issuance of Class B ordinary shares to Sponsor(1)	`StockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	Point-in-time
Net loss	`ProfitLoss`	$-3.18M	USD	1 Quarter
Net loss	`ProfitLoss`	$-26.70K	USD	1 Quarter
Net loss	`ProfitLoss`	$-21.03M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.70K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

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