RENEWABLE ENERGY ACQUISITION CORP. Financial Statements (2023 and earlier)
Company Profile
| Business Address |
10935 57TH AVE NO. PLYMOUTH, MN 55442 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 677 - Blank Checks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4 | 0 | 7 | 0 | 2 | 2 | 0 | ||
| Cash and cash equivalents | 4 | 0 | 7 | 0 | 2 | 2 | 0 | ||
| Receivables | 6 | ||||||||
| Prepaid expense | 2 | ||||||||
| Total current assets: | 4 | 6 | 7 | 0 | 3 | 2 | 0 | ||
| Noncurrent Assets | |||||||||
| TOTAL ASSETS: | 4 | 6 | 7 | 0 | 3 | 2 | 0 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 39 | 43 | 46 | 38 | 27 | 25 | 11 | ||
| Interest and dividends payable | ✕ | 19 | |||||||
| Accounts payable | 46 | 38 | 27 | 25 | 11 | ||||
| Accrued liabilities | 23 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 16 | 24 | |||||||
| Debt | 12 | 12 | 20 | 12 | 17 | ||||
| Due to related parties | 103 | 99 | 87 | 74 | 71 | 65 | |||
| Other undisclosed current liabilities | 124 | 17 | 8 | 3 | |||||
| Total current liabilities: | 175 | 175 | 173 | 140 | 118 | 96 | 76 | ||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 175 | 175 | 173 | 140 | 118 | 96 | 76 | ||
| Equity | |||||||||
| Equity, attributable to parent | (171) | (169) | (165) | (140) | (114) | (94) | (76) | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 64 | 64 | 64 | 64 | 64 | 64 | 62 | ||
| Accumulated deficit | (235) | (233) | (229) | (204) | (178) | (158) | (138) | ||
| Total equity: | (171) | (169) | (165) | (140) | (114) | (94) | (76) | ||
| TOTAL LIABILITIES AND EQUITY: | 4 | 6 | 7 | 0 | 3 | 2 | 0 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | 5 | 4 | (18) | (22) | (18) | (16) | (23) | |
| Operating income (loss): | 5 | 4 | (18) | (22) | (18) | (16) | (23) | |
| Nonoperating income (Other Nonoperating income) | 1 | |||||||
| Interest and debt expense | (4) | (4) | (3) | (3) | (3) | (4) | (4) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 1 | 0 | (22) | (26) | (20) | (20) | (27) | |
| Other undisclosed loss from continuing operations before income taxes | (4) | (4) | (4) | (0) | ||||
| Loss from continuing operations: | (3) | (4) | (25) | (26) | (20) | (20) | (27) | |
| Loss before gain (loss) on sale of properties: | ✕ | (4) | (25) | (26) | (20) | (20) | (27) | |
| Net loss available to common stockholders, diluted: | (3) | (4) | (25) | (26) | (20) | (20) | (27) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3) | (4) | (25) | (26) | (20) | (20) | (27) | |
| Comprehensive loss, net of tax, attributable to parent: | (3) | (4) | (25) | (26) | (20) | (20) | (27) | |
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.