AGBA ACQUISITION LTD financial statements (2021 and earlier)

Company profile

Business Address ROOM 1108, 11TH FL,BLOCK B
TSIMSHATSUI EAST, KOWLOON, OOOOO
State of Incorp.
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments672929
Cash and cash equivalents672929
Prepaid expense3226
Total current assets:704955
Noncurrent Assets
Assets held-in-trust48,25046,604
Total noncurrent assets:48,25046,604
TOTAL ASSETS:48,95447,559
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3512
Accrued liabilities3512
Debt1,380 
Due to related parties790543
Total current liabilities:2,205555
Noncurrent Liabilities
Other undisclosed noncurrent liabilities1,0261,026
Total noncurrent liabilities:1,0261,026
Total liabilities:3,2311,581
Commitments and contingencies40,723 
Temporary equity, carrying amount 40,978
Stockholders' equity
Stockholders' equity attributable to parent5,0005,000
Common stock22
Additional paid in capital4,9904,735
Accumulated other comprehensive income1098
Retained earnings (accumulated deficit)(2)165
Total stockholders' equity:5,0005,000
TOTAL LIABILITIES AND EQUITY:48,95447,559

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
Gross profit:80
Operating expenses(522)(339)
Operating loss:(514)(339)
Nonoperating income354506
Investment income, nonoperating 506
Other nonoperating income354 
Income (loss) from continuing operations before equity method investments, income taxes:(160)167
Other undisclosed loss from continuing operations before income taxes(8) 
Net income (loss):(167)167
Other undisclosed net loss attributable to parent (0)
Net income (loss) available to common stockholders, diluted:(167)167

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
Net income (loss):(167)167
Comprehensive income (loss):(167)167
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(88)98
Comprehensive income (loss), net of tax, attributable to parent:(255)266

Statements sources

The financial statements are based on the company's filings with the 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.

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