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ADRT Ault Disruptive Technologies Corporation

Quarterly report

		December 31,				Quoted Prices In Active Markets				Significant Other Observable Inputs				Significant Other Unobservable Inputs
		2023				(Level 1)				(Level 2)				(Level 3)
Description
Assets:
U.S. Money Market Funds held in the Trust Account		$	2,200,308			$	2,200,308			$	-			$	-
Total		$	2,200,308			$	2,200,308			$	-			$	-

16 Aug 24

4:58pm

ADRT Ault Disruptive Technologies Corporation

Quarterly report

The following table reflects the calculation of basic and diluted net income per common share:

		For the Three Months Ended June 30, 2023								For the Six Months Ended June 30, 2023
	Common Stock Subject to Redemption				Non- Redeemable Common Stock				Common Stock Subject to Redemption				Non- Redeemable Common Stock
Basic and diluted net income per share of common stock
Numerator:
Allocation of net income		$	412,467			$	112,877			$	857,023			$	223,993
Denominator:
Basic and diluted weighted average shares outstanding			10,505,615				2,875,000				11,000,061				2,875,000

Basic and diluted net income per share of common stock		$	0.04			$	0.04			$	0.08			$	0.08

16 Aug 24

4:58pm

ADRT Ault Disruptive Technologies Corporation

Quarterly report

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Schedule of fair value on a recurring basis
		June 30,				Quoted Prices In Active Markets				Significant Other Observable Inputs				Significant Other Unobservable Inputs
		2024				(Level 1)				(Level 2)				(Level 3)
Description
Assets:
U.S. Money Market Funds held in the Trust Account		$	794,112			$	794,112			$	-			$	-
Total		$	794,112			$	794,112			$	-			$	-

16 Aug 24

4:58pm

ADRT Ault Disruptive Technologies Corporation

Quarterly report


		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2024				2023				2024				2023
Operating costs		$	239,040			$	455,964			$	553,998			$	814,852
Loss from operations			(239,040)				(455,964)				(553,998)				(814,852)
Other income:
Income from investments held in the Trust Account			10,219				1,279,341				31,182				2,532,744
Interest expense, net			(21,812)				-				(37,870)				-
Total other (loss) income, net			(11,593)				1,279,341				(6,688)				2,532,744
Net (loss) income before income taxes			(250,633)				823,377				(560,686)				1,717,892
Provision for income taxes			(4,481)				298,033				(4,723)				636,876
Net (loss) income		$	(246,152)			$	525,344			$	(555,963)			$	1,081,016

Basic and diluted weighted average shares outstanding, common stock subject to redemption			67,180				10,505,615				101,281				11,000,061
Basic and diluted net (loss) income per share attributable to common stock subject to redemption		$	(0.08)			$	0.04			$	(0.19)			$	0.08
Basic and diluted weighted average shares outstanding, common stock			2,875,000				2,875,000				2,875,000				2,875,000
Basic and diluted net (loss) income per share attributable to common stockholders		$	(0.08)			$	0.04			$	(0.19)			$	0.08

16 Aug 24

4:58pm

ADRT Ault Disruptive Technologies Corporation

Quarterly report


		Common Stock Shares				Common Stock Amount				Additional Paid-in Capital				Accumulated Deficit				Total Stockholders’ Deficit
Balance as of January 1, 2024			2,875,000			$	2,875			$	-			$	(5,469,312)			$	(5,466,437)
Remeasurement adjustment on redeemable common stock, net(1)			-				-				-				(15,145)				(15,145)
Excise tax imposed on common stock redemptions															(14,268)				(14,268)
Net loss			-				-								(309,811)				(309,811)
Balance as of March 31, 2024			2,875,000				2,875				-				(5,808,536)				(5,805,661)
Remeasurement adjustment on redeemable common stock, net(1)			-				-				-				(4,957)				(4,957)
Net loss			-				-				-				(246,152)				(246,152)
Balance as of June 30, 2024			2,875,000			$	2,875			$	-			$	(6,059,645)			$	(6,056,770)

16 Aug 24

4:58pm

Quarterly report

16 Aug 24

4:58pm

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