Armada Acquisition Corp. I (AACI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1760 MARKET STREET
PHILADELPHIA, PA 19103
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 677 - Blank Checks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60,28440,464235,949363,247177,578439,863
Cash and cash equivalents60,28440,464235,949363,247177,578439,863
Prepaid expense33,60536,2363,7366,26461,942162,953
Total current assets:93,88976,700239,685369,511239,520602,816
Noncurrent Assets
Other undisclosed noncurrent assets25,324,02837,158,12136,725,055153,634,598150,844,925150,109,154
Total noncurrent assets:25,324,02837,158,12136,725,055153,634,598150,844,925150,109,154
TOTAL ASSETS:25,417,91737,234,82136,964,740154,004,109151,084,445150,711,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,022,6845,673,6214,978,3193,767,8303,728,7772,880,149
Taxes payable295,621
Accounts payable4,708,0504,117,3283,545,2023,161,8783,137,535 
Accrued liabilities1,314,6341,556,2931,433,117605,952295,621 
Other undisclosed accounts payable and accrued liabilities      2,880,149
Due to related parties2,201,7542,201,754251,754483,034
Other undisclosed current liabilities2,564,4392,201,754  (295,621)100,000
Total current liabilities:8,587,1237,875,3757,180,0735,969,5843,684,9103,463,183
Noncurrent Liabilities
Total liabilities:8,587,1237,875,3757,180,0735,969,5843,684,9103,463,183
Temporary equity, carrying amount25,316,80636,946,53136,617,400153,028,205150,548,862150,000,000
Equity
Equity, attributable to parent(8,486,012)(7,587,085)(6,832,733)(4,993,680)(3,149,327)(2,751,213)
Common stock570570570570570570
Additional paid in capital 134,363 969,759941,7961,462,695
Accumulated deficit(8,486,582)(7,722,018)(6,833,303)(5,964,009)(4,091,693)(4,214,478)
Total equity:(8,486,012)(7,587,085)(6,832,733)(4,993,680)(3,149,327)(2,751,213)
TOTAL LIABILITIES AND EQUITY:25,417,91737,234,82136,964,740154,004,109151,084,445150,711,970

Income Statement (P&L) (USD)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Operating expenses(609,874)(775,911)(790,735)(394,352)(501,471)(1,522,131)
Other undisclosed operating loss(27,965)(134,363)(27,963)(27,963)(27,963)(27,963)
Operating loss:(637,839)(910,274)(818,698)(422,315)(529,434)(1,550,094)
Nonoperating income774,226433,066974,4081,289,673  
Investment income, nonoperating387,113  1,289,673  
Other nonoperating income387,113433,066974,408   
Interest and debt expense      
Income (loss) from continuing operations before equity method investments, income taxes:136,387(477,208)155,710867,358(529,434)(1,550,094)
Other undisclosed income (loss) from continuing operations before income taxes(387,113)   1,025,942 
Income (loss) from continuing operations before income taxes:(250,726)(477,208)155,710867,358496,508(1,550,094)
Income tax expense(89,724)(82,376)(182,853)(260,331)  
Other undisclosed loss from continuing operations     (145,621) 
Income (loss) from continuing operations:(340,450)(559,584)(27,143)607,027350,887(1,550,094)
Income (loss) before gain (loss) on sale of properties:350,887(1,550,094)
Net income (loss):(340,450)(559,584)(27,143)607,027350,887(1,550,094)
Other undisclosed net income (loss) attributable to parent     (228,102)213,015
Net income (loss) available to common stockholders, diluted:(340,450)(559,584)(27,143)607,027122,785(1,337,079)

Comprehensive Income (USD)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Net income (loss):(340,450)(559,584)(27,143)607,027350,887(1,550,094)
Comprehensive income (loss), net of tax, attributable to parent:(340,450)(559,584)(27,143)607,027350,887(1,550,094)

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.

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