Ace Global Business Acquisition Limited (ACBA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6/F UNIT B, CENTRAL 88 HONG KONG, 00000 |
| 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) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 91 | 122 | |||
| Cash and cash equivalents | 91 | 122 | |||
| Prepaid expense | 62 | ||||
| Deferred costs | |||||
| Other undisclosed current assets | |||||
| Total current assets: | 91 | 184 | |||
| Noncurrent Assets | |||||
| Asset, held-in-trust | |||||
| Other undisclosed noncurrent assets | 48,982 | 46,923 | |||
| Total noncurrent assets: | 48,982 | 46,923 | |||
| TOTAL ASSETS: | 49,074 | 47,107 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Debt | 1,366 | ||||
| Due to related parties | ✕ | 894 | 186 | ||
| Other undisclosed current liabilities | 56 | 19 | |||
| Total current liabilities: | 2,316 | 204 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 1,366 | ||||
| Long-term debt, excluding current maturities | 1,366 | ||||
| Other undisclosed noncurrent liabilities | 484 | 3,080 | |||
| Total noncurrent liabilities: | 1,850 | 3,080 | |||
| Total liabilities: | 4,166 | 3,284 | |||
| Temporary equity, carrying amount | 48,982 | 46,920 | |||
| Equity | |||||
| Equity, attributable to parent | (4,075) | (3,097) | |||
| Common stock | 1 | 1 | |||
| Accumulated deficit | (4,076) | (3,098) | |||
| Total equity: | (4,075) | (3,097) | |||
| TOTAL LIABILITIES AND EQUITY: | 49,074 | 47,107 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues (Net Investment Income) | 693 | 3 | ||
| Gross profit: | 693 | 3 | ||
| Operating expenses | 839 | 1,024 | ||
| Operating income (loss): | 1,532 | 1,027 | ||
| Nonoperating income | 1,923 | 22 | ||
| Investment income, nonoperating | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,455 | 1,049 | ||
| Other undisclosed loss from continuing operations before income taxes | (2,371) | (2,071) | ||
| Income (loss) from continuing operations: | 1,084 | (1,023) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (1,023) | |
| Net income (loss): | 1,084 | (1,023) | ||
| Other undisclosed net income attributable to parent | 20 | |||
| Net income (loss) attributable to parent: | 1,084 | (1,003) | ||
| Preferred stock dividends and other adjustments | 978 | 6,017 | ||
| Other undisclosed net loss available to common stockholders, basic | (3,643) | |||
| Net income (loss) available to common stockholders, basic: | 2,062 | 1,372 | ||
| Other undisclosed net loss available to common stockholders, diluted | (978) | |||
| Net income (loss) available to common stockholders, diluted: | 1,084 | 1,372 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income (loss): | 1,084 | (1,023) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,084 | (1,023) | ||
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.