Adara Acquisition Corp. (ADRA) financial statements (2022 and earlier)

Company profile

Business Address 8845 RED OAK BOULEVARD
CHARLOTTE, NC 28217
State of Incorp. DE
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

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 investments7248459421,026
Cash and cash equivalents7248459421,026
Prepaid expense199238296353
Total current assets:9241,0831,2381,378
Noncurrent Assets
Assets held-in-trust116,160116,157116,154116,152
Total noncurrent assets:116,160116,157116,154116,152
TOTAL ASSETS:117,084117,240117,392117,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties  50 
Other undisclosed current liabilities44025514386
Total current liabilities:44025519386
Noncurrent Liabilities
Other undisclosed noncurrent liabilities4,8615,3576,6135,051
Total noncurrent liabilities:4,8615,3576,6135,051
Total liabilities:5,3015,6126,8065,137
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,367)(4,522)5,0005,000
Additional paid in capital  2,9571,151
Retained earnings (accumulated deficit)(4,367)(4,522)2,0423,848
Other undisclosed stockholders' equity attributable to parent0000
Other undisclosed stockholders' equity116,150116,150105,587107,392
Total stockholders' equity:111,783111,628110,587112,392
TOTAL LIABILITIES AND EQUITY:117,084117,240117,392117,530

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Operating expenses(344)(218)(247)(168)
Operating loss:(344)(218)(247)(168)
Nonoperating income (expense)4991,259(1,559)4,022
Income (loss) from continuing operations before income taxes:1551,042(1,806)3,854
Other undisclosed income from continuing operations221   
Income (loss) before gain (loss) on sale of properties:3761,042(1,806)3,854
Other undisclosed net loss(221)   
Net income (loss) attributable to parent:1551,042(1,806)3,854
Other undisclosed net loss available to common stockholders, basic(7,919)   
Net income (loss) available to common stockholders, diluted:(7,765)1,042(1,806)3,854

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):1551,042(1,806)3,854
Comprehensive income (loss), net of tax, attributable to parent:1551,042(1,806)3,854

Statements sources

The financial statements are based on the company's filings with the 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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