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
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments159,389348,707696,759250,000
Cash and cash equivalents159,389348,707696,759250,000
Prepaid expense368,696394,131344,10425,000
Total current assets:528,085742,8381,040,863275,000
Noncurrent Assets
Prepaid expense114,795191,209267,623 
Asset, held-in-trust176,265,685176,083,071175,956,892 
Deferred costs    829,520
Total noncurrent assets:176,380,480176,274,280176,224,515829,520
Other undisclosed assets    (250,000)
TOTAL ASSETS:176,908,565177,017,118177,265,378854,520
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities334,628361,024368,0941,753
Accrued liabilities334,628361,024368,0941,753
Due to related parties    165,949
Other undisclosed current liabilities591,576591,576591,576663,571
Total current liabilities:926,204952,600959,670831,273
Noncurrent Liabilities
Liabilities, other than long-term debt1,404,6503,476,5007,037,500 
Derivative instruments and hedges, liabilities1,404,6503,476,5007,037,500 
Other undisclosed noncurrent liabilities3,450,0003,450,0003,450,000 
Total noncurrent liabilities:4,854,6506,926,50010,487,500 
Total liabilities:5,780,8547,879,10011,447,170831,273
Temporary equity, carrying amount175,950,000175,950,000175,950,000 
Equity
Equity, attributable to parent, including:(4,822,289)(6,811,982)(10,131,792)23,247
Additional paid in capital    24,425
Accumulated deficit(4,822,720)(6,812,413)(10,132,223)(1,753)
Other undisclosed equity, attributable to parent431431431575
Total equity:(4,822,289)(6,811,982)(10,131,792)23,247
TOTAL LIABILITIES AND EQUITY:176,908,565177,017,118177,265,378854,520

Income Statement (P&L) (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Other operating expense, net
(Other Expenses)
    (254)
Other undisclosed operating loss(264,777)(367,382)(684,084) 
Operating loss:(264,777)(367,382)(684,084)(254)
Nonoperating income
(Investment Income, Nonoperating)
182,614126,179  
Other undisclosed income from continuing operations before equity method investments, income taxes   6,892 
Income (loss) from continuing operations:(82,163)(241,203)(677,192)(254)
Income (loss) before gain (loss) on sale of properties:(82,163)(241,203)(677,192)(254)
Net income (loss):(82,163)(241,203)(677,192)(254)
Other undisclosed net income attributable to parent2,071,8563,561,0138,663,946 
Net income (loss) attributable to parent:1,989,6933,319,8107,986,754(254)
Preferred stock dividends and other adjustments  (17,378,793)  
Other undisclosed net loss available to common stockholders, basic   (17,378,793) 
Net income (loss) available to common stockholders, diluted:1,989,693(14,058,983)(9,392,039)(254)

Comprehensive Income (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):(82,163)(241,203)(677,192)(254)
Comprehensive income (loss), net of tax, attributable to parent:(82,163)(241,203)(677,192)(254)

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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