Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
9 Months Ended |
12 Months Ended |
Jun. 30, 2022 |
Sep. 30, 2022 |
Dec. 31, 2021 |
| Summary of Significant Accounting Policies (Tables) [Line Items] |
|
|
|
| Schedule of basic and diluted net income (loss) per common share |
|
|
|
|
Three months ended
September 30,
|
|
Nine months ended
September 30,
|
| |
|
2022
|
|
2021
|
|
2022
|
|
2021
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(6,083,670 |
)
|
|
$
|
(1,298,122 |
)
|
|
$
|
(12,944,628 |
)
|
|
$
|
(3,892,715 |
)
|
|
Less: deemed dividend for Earnout
Shares
|
|
|
(4,957,366 |
)
|
|
|
|
|
|
|
(4,957,366 |
)
|
|
|
|
|
|
Net loss attributable to common stockholders
|
|
$
|
(11,041,036 |
)
|
|
$
|
(1,298,122 |
)
|
|
$
|
(17,901,994 |
)
|
|
$
|
(3,892,715 |
)
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to compute basic and diluted EPS
|
|
|
16,535,661 |
|
|
|
9,637,962 |
|
|
|
11,983,183 |
|
|
|
9,637,962 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted earnings (loss) per
share
|
|
$
|
(0.67 |
)
|
|
$
|
(0.13 |
)
|
|
$
|
(1.49 |
)
|
|
$
|
(0.40 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Anti-dilutive securities excluded from shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options
|
|
|
3,934,165 |
|
|
|
3,359,932 |
|
|
|
3,934,165 |
|
|
|
3,359,932 |
|
|
Warrants
|
|
|
18,722,425 |
|
|
|
|
|
|
|
18,722,425 |
|
|
|
|
|
|
Earnout shares
|
|
|
7,499,993 |
|
|
|
|
|
|
|
7,499,993 |
|
|
|
|
|
|
Debentures
|
|
|
2,922,425 |
|
|
|
|
|
|
|
2,922,425 |
|
|
|
|
|
|
Total
|
|
|
33,079,008 |
|
|
|
3,359,932 |
|
|
|
33,079,008 |
|
|
|
3,359,932 |
|
|
|
|
|
December 31,
|
| |
|
2021
|
|
2020
|
|
Numerator
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(15,127,629 |
)
|
|
$
|
(7,194,038 |
)
|
|
Denominator
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to compute basic EPS
|
|
|
678,406 |
|
|
|
678,400 |
|
|
Dilutive effect of stock-based awards
|
|
|
—
|
|
|
|
—
|
|
|
Weighted average shares used to compute diluted EPS
|
|
|
678,406 |
|
|
|
678,400 |
|
| |
|
|
|
|
|
|
|
|
|
Loss per share
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
(22.30 |
)
|
|
$
|
(10.60 |
)
|
|
Diluted
|
|
$
|
(22.30 |
)
|
|
$
|
(10.60 |
)
|
|
| Schedule of minimum future rental income |
|
|
|
Year Ended December 31, 2022
|
|
1,513,334 |
|
Thereafter
|
|
—
|
|
Total
|
|
1,513,334 |
|
| Schedule of expected revenue from our remaining performance obligations |
|
|
|
|
Expected Revenue from Unfulfilled Performance Obligations by Period
|
|
($ in millions)
|
|
Total
|
|
Remainder of
2022
|
|
2023
|
|
2024
|
|
2025
|
|
Unfulfilled performance obligations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Triumph Subsea Construction
Limited
|
|
$
|
54.2 |
|
$
|
|
|
$
|
27.1 |
|
$
|
13.6 |
|
$
|
13.5 |
|
All other performance obligations
|
|
|
11.5 |
|
|
2.4 |
|
|
4.0 |
|
|
5.1 |
|
|
|
|
Total unfulfilled performance obligations
|
|
$
|
65.7 |
|
$
|
2.4 |
|
$
|
31.1 |
|
$
|
18.7 |
|
$
|
13.5 |
|
|
|
|
Expected revenue from unfulfilled performance obligations by period
|
|
($ in millions)
|
|
Total
|
|
2022
|
|
2023
|
|
2024
|
|
2025
|
|
Unfulfilled performance obligations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Triumph Subsea Construction Limited
|
|
$
|
54.2 |
|
$
|
7.7 |
|
$
|
19.4 |
|
$
|
13.6 |
|
$
|
13.5 |
|
All other performance obligations
|
|
|
12.3 |
|
|
10.5 |
|
|
1.8 |
|
|
—
|
|
|
—
|
|
Total unfulfilled performance obligations
|
|
$
|
66.5 |
|
$
|
18.2 |
|
$
|
21.2 |
|
$
|
13.6 |
|
$
|
13.5 |
|
| Schedule of inventories |
|
|
|
|
September 30,
2022
|
|
December 31,
2021
|
|
Raw material and supplies
|
|
$
|
956,387 |
|
$
|
|
|
Work in progress
|
|
|
4,602,609 |
|
|
|
|
Finished goods
|
|
|
|
|
|
|
|
Total inventories
|
|
$
|
5,558,996 |
|
$
|
|
|
|
| CleanTech Acquisition Corp [Member] |
|
|
|
| Summary of Significant Accounting Policies (Tables) [Line Items] |
|
|
|
| Schedule of common stock reflected in the balance sheet are reconciled |
|
Gross proceeds
|
|
$
|
172,500,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(6,037,500 |
)
|
|
Proceeds allocated to Public Rights
|
|
|
(3,934,879 |
)
|
|
Issuance costs allocated to common stock
|
|
|
(3,672,335 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
15,369,714 |
|
|
Common stock subject to possible redemption as of December 31, 2021
|
|
$
|
174,225,000 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
145,884 |
|
|
Common stock subject to possible redemption as of June 30, 2022
|
|
$
|
174,370,884 |
|
|
|
|
Gross proceeds
|
|
$
|
172,500,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(6,037,500 |
)
|
|
Proceeds allocated to Public Rights
|
|
|
(3,934,879 |
)
|
|
Issuance costs allocated to common stock
|
|
|
(3,672,335 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
15,369,714 |
|
|
Common stock subject to possible redemption
|
|
$
|
174,225,000 |
|
|
| Schedule of basic and diluted net income (loss) per common share |
|
|
|
Three Months
Ended
June 30,
2022
|
|
Three Months
Ended
June 30,
2021
|
|
Six Months
Ended
June 30,
2022
|
|
Six Months
Ended
June 30,
2021
|
|
Basic and diluted net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
(795,831 |
)
|
|
$
|
—
|
|
$
|
1,155,839 |
|
$
|
—
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
21,562,500 |
|
|
|
3,750,000 |
|
|
21,562,500 |
|
|
3,750,000 |
|
Basic net income (loss) per share
|
|
$
|
(0.04 |
)
|
|
$
|
0.00 |
|
$
|
0.05 |
|
$
|
0.00 |
|
|
|
|
|
For the year
ended
December 31,
2021
|
|
For the
period from
June 18,
2020
(inception)
through
December 31,
2020
|
|
Basic and diluted net loss per share:
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(595,442 |
)
|
|
$
|
(1,000 |
)
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
11,781,678 |
|
|
|
3,750,000 |
|
|
Basic net loss per share of Common Stock
|
|
$
|
(0.05 |
)
|
|
$
|
(0.00 |
)
|
|