Accelerate Acquisition Corp. (AAQC) Financial Statements (2024 and earlier)

Company Profile

Business Address 51 JOHN F KENNEDY PARKWAY
SHORT HILLS, NJ 07078
State of Incorp. DE
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)

9/30/2022
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 937,154
Cash and cash equivalents 937,154
Prepaid expense 670,169
Total current assets: 1,607,323
Noncurrent Assets
Asset, held-in-trust 400,031,275
Total noncurrent assets: 400,031,275
TOTAL ASSETS: 401,638,598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 353,466
Accrued liabilities 353,466
Total current liabilities: 353,466
Noncurrent Liabilities
Liabilities, other than long-term debt 14,000,000
Deferred revenue 14,000,000
Other undisclosed noncurrent liabilities 17,153,333
Total noncurrent liabilities: 31,153,333
Total liabilities: 31,506,799
Temporary equity, carrying amount 400,000,000
Equity
Equity, attributable to parent, including: (29,868,201)
Accumulated deficit (29,869,201)
Other undisclosed equity, attributable to parent 1,000
Total equity: (29,868,201)
TOTAL LIABILITIES AND EQUITY: 401,638,598

Income Statement (P&L) (USD)

9/30/2022
TTM
12/31/2021
Other operating expense, net
(Other Expenses)
 (801,198)
Other undisclosed operating loss (378,064)
Operating loss: (1,179,262)
Nonoperating income 3,776,744
Other nonoperating expense (801,198)
Income from continuing operations before income taxes: 2,597,482
Income tax benefit 241,077
Income from continuing operations: 2,838,559
Income before gain (loss) on sale of properties:2,838,559
Other undisclosed net loss (241,077)
Net income available to common stockholders, diluted: 2,597,482

Comprehensive Income (USD)

9/30/2022
TTM
12/31/2021
Net income: 2,597,482
Comprehensive income, net of tax, attributable to parent: 2,597,482

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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