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
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments654,759646,082937,1541,170,5601,237,4061,321,004
Cash and cash equivalents654,759646,082937,1541,170,5601,237,4061,321,004
Prepaid expense450,601534,135670,169807,595950,3331,095,070
Total current assets:1,105,3601,180,2171,607,3231,978,1552,187,7392,416,074
Noncurrent Assets
Asset, held-in-trust400,393,149400,064,744400,031,275400,021,043400,010,960400,000,986
Total noncurrent assets:400,393,149400,064,744400,031,275400,021,043400,010,960400,000,986
TOTAL ASSETS:401,498,509401,244,961401,638,598401,999,198402,198,699402,417,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities274,060244,455353,466314,214238,274109,613
Taxes payable78,361    
Accrued liabilities195,699244,455353,466314,214238,274109,613
Total current liabilities:274,060244,455353,466314,214238,274109,613
Noncurrent Liabilities
Liabilities, other than long-term debt14,000,00014,000,00014,000,00014,000,00014,000,00014,000,000
Deferred revenue14,000,00014,000,00014,000,00014,000,00014,000,00014,000,000
Other undisclosed noncurrent liabilities3,306,6678,060,00017,153,33319,496,93325,640,00014,053,332
Total noncurrent liabilities:17,306,66722,060,00031,153,33333,496,93339,640,00028,053,332
Total liabilities:17,580,72722,304,45531,506,79933,811,14739,878,27428,162,945
Temporary equity, carrying amount400,294,788400,000,000400,000,000400,000,000357,320,420369,254,113
Equity
Equity, attributable to parent, including:(16,377,006)(21,059,494)(29,868,201)(31,811,949)5,000,0055,000,002
Common stock     427307
Additional paid in capital     10,213,470 
Retained earnings (accumulated deficit)(16,378,006)(21,060,494)(29,869,201)(31,812,949)(5,214,892)4,998,695
Other undisclosed equity, attributable to parent1,0001,0001,0001,0001,0001,000
Total equity:(16,377,006)(21,059,494)(29,868,201)(31,811,949)5,000,0055,000,002
TOTAL LIABILITIES AND EQUITY:401,498,509401,244,961401,638,598401,999,198402,198,699402,417,060

Income Statement (P&L) (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Operating expenses    (285,524)(356,996)(927,856)
Other operating expense, net
(Other Expenses)
   (801,198)   
Other undisclosed operating income (loss)(306,101)(318,095)1,192,312   
Operating income (loss):(306,101)(318,095)391,114(285,524)(356,996)(927,856)
Nonoperating income (expense)5,361,7389,126,8021,552,6346,153,150(11,576,694)986
Investment income, nonoperating608,40533,469 10,0839,974986
Income (loss) from continuing operations before equity method investments, income taxes:5,055,6378,808,7071,943,7485,867,626(11,933,690)(926,870)
Other undisclosed income from continuing operations before income taxes      7,646,668
Income (loss) from continuing operations before income taxes:5,055,6378,808,7071,943,7485,867,626(11,933,690)6,719,798
Other undisclosed income from continuing operations   241,077   
Income (loss) from continuing operations:5,055,6378,808,7072,184,8255,867,626(11,933,690)6,719,798
Income (loss) before gain (loss) on sale of properties:5,055,6378,808,7072,184,8255,867,626(11,933,690)6,719,798
Other undisclosed net loss   (241,077)   
Net income (loss):5,055,6378,808,7071,943,7485,867,626(11,933,690)6,719,798
Other undisclosed net loss attributable to parent(78,361)     
Net income (loss) available to common stockholders, diluted:4,977,2768,808,7071,943,7485,867,626(11,933,690)6,719,798

Comprehensive Income (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):5,055,6378,808,7071,943,7485,867,626(11,933,690)6,719,798
Comprehensive income (loss), net of tax, attributable to parent:5,055,6378,808,7071,943,7485,867,626(11,933,690)6,719,798

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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