Authentic Equity Acquisition Corp. (AEAC) Financial Statements (2024 and earlier)

Company Profile

Business Address 32 ELM PLACE, 2ND FLOOR
RYE, NY 10580
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) (USD)

9/30/2022
MRQ
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 442,162103
Cash and cash equivalents 442,162103
Prepaid expense 233,630103
Other undisclosed current assets  (103)
Total current assets: 675,792103
Noncurrent Assets
Asset, held-in-trust 230,021,742 
Deferred costs  411,363
Total noncurrent assets: 230,021,742411,363
TOTAL ASSETS: 230,697,534411,466
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 866,735324,215
Accounts payable 170,3793,000
Accrued liabilities 696,356321,215
Due to related parties 10,00096,500
Total current liabilities: 876,735420,715
Noncurrent Liabilities
Liabilities, other than long-term debt 17,860,600 
Deferred compensation liability, classified 8,050,000 
Derivative instruments and hedges, liabilities 9,810,600 
Total noncurrent liabilities: 17,860,600 
Total liabilities: 18,737,335420,715
Temporary equity, carrying amount 230,000,000 
Equity
Equity, attributable to parent, including: (18,039,801)(9,249)
Additional paid in capital  24,300
Accumulated deficit (18,040,501)(34,249)
Other undisclosed equity, attributable to parent 700700
Total equity: (18,039,801)(9,249)
TOTAL LIABILITIES AND EQUITY: 230,697,534411,466

Income Statement (P&L) (USD)

9/30/2022
TTM
12/31/2021
12/31/2020
Operating expenses (1,567,072) 
Other undisclosed operating income 1,352,500 
Operating loss: (1,567,072) 
Nonoperating income
(Investment Income, Nonoperating)
 21,742 
Loss from continuing operations: (1,545,330) 
Loss before gain (loss) on sale of properties:(1,545,330)
Other undisclosed net income 8,507,718 
Net income available to common stockholders, diluted: 6,962,388 

Comprehensive Income (USD)

9/30/2022
TTM
12/31/2021
12/31/2020
Net income: 6,962,388 
Comprehensive income, net of tax, attributable to parent: 6,962,388 

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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