Arena Fortify Acquisition Corp. (AFAC) Financial Statements (2024 and earlier)

Company Profile

Business Address 405 LEXINGTON AVENUE, 59TH FLOOR
NEW YORK, NY 10174
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
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 696,759
Cash and cash equivalents 696,759
Prepaid expense 344,104
Total current assets: 1,040,863
Noncurrent Assets
Prepaid expense 267,623
Asset, held-in-trust 175,956,892
Total noncurrent assets: 176,224,515
TOTAL ASSETS: 177,265,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 368,094
Accrued liabilities 368,094
Other undisclosed current liabilities 591,576
Total current liabilities: 959,670
Noncurrent Liabilities
Liabilities, other than long-term debt 7,037,500
Derivative instruments and hedges, liabilities 7,037,500
Other undisclosed noncurrent liabilities 3,450,000
Total noncurrent liabilities: 10,487,500
Total liabilities: 11,447,170
Temporary equity, carrying amount 175,950,000
Equity
Equity, attributable to parent, including: (10,131,792)
Accumulated deficit (10,132,223)
Other undisclosed equity, attributable to parent 431
Total equity: (10,131,792)
TOTAL LIABILITIES AND EQUITY: 177,265,378

Income Statement (P&L) (USD)

9/30/2022
TTM
12/31/2021
Other undisclosed operating loss (684,905)
Operating loss: (684,905)
Nonoperating income
(Investment Income, Nonoperating)
 6,892
Loss from continuing operations: (678,013)
Loss before gain (loss) on sale of properties:(678,013)
Net loss: (678,013)
Other undisclosed net income attributable to parent 8,663,014
Net income attributable to parent: 7,985,001
Preferred stock dividends and other adjustments (17,378,793)
Net loss available to common stockholders, diluted: (9,393,792)

Comprehensive Income (USD)

9/30/2022
TTM
12/31/2021
Net loss: (678,013)
Comprehensive loss, net of tax, attributable to parent: (678,013)

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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