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
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5965769112382
Cash and cash equivalents 5965769112382
Prepaid expense 60 60 6040
Deferred costs      
Other undisclosed current assets      
Total current assets:1196513691182122
Noncurrent Assets
Asset, held-in-trust22,82826,266    
Other undisclosed noncurrent assets   25,84048,98248,57447,902
Total noncurrent assets:22,82826,26625,84048,98248,57447,902
TOTAL ASSETS:22,94626,33125,97649,07448,75648,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2,5162,1842,0671,3661,366911
Other liabilities  1,6791,548   
Due to related parties894830578
Other undisclosed current liabilities2,10622355696
Total current liabilities:4,6223,8853,6502,3162,2051,495
Noncurrent Liabilities
Long-term debt and lease obligation    1,3661,366911
Long-term debt, excluding current maturities    1,3661,366911
Other undisclosed noncurrent liabilities1,8531,8571,8544845042,269
Total noncurrent liabilities:1,8531,8571,8541,8501,8703,180
Total liabilities:6,4755,7425,5054,1664,0754,675
Temporary equity, carrying amount22,82826,26625,84048,98248,57447,902
Equity
Equity, attributable to parent(6,356)(5,677)(5,369)(4,075)(3,892)(4,553)
Common stock111111
Accumulated deficit(6,358)(5,678)(5,370)(4,076)(3,894)(4,554)
Total equity:(6,356)(5,677)(5,369)(4,075)(3,892)(4,553)
TOTAL LIABILITIES AND EQUITY:22,94626,33125,97649,07448,75648,024

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues34130827840821664
Net investment income 34130827840821664
Cost of revenue
(Cost of Goods and Services Sold)
  (30)    
Gross profit: 34127827840821664
Operating expenses(351)188589203194208
Other undisclosed operating loss (341)     
Operating income (loss):(351)467867611410272
Nonoperating income3463052744281,52644
Investment income, nonoperating      
Income (loss) from continuing operations before equity method investments, income taxes:(5)7721,1411,0401,936316
Other undisclosed loss from continuing operations before income taxes  (655)(1,456)(814)(604)(480)
Income (loss) from continuing operations:(5)117(315)2261,332(164)
Income (loss) before gain (loss) on sale of properties:1,332(164)
Net income (loss) attributable to parent:(5)117(315)2261,332(164)
Preferred stock dividends and other adjustments  3081,294183(661) 
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, basic:(5)425979408671(164)
Other undisclosed net income (loss) available to common stockholders, diluted   (1,294)795661 
Net income (loss) available to common stockholders, diluted:(5)425(315)1,2041,332(164)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):(5)117(315)2261,332(164)
Comprehensive income (loss), net of tax, attributable to parent:(5)117(315)2261,332(164)

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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