AF Acquisition Corp. (AFAQ) financial statements (2022 and earlier)

Company profile

Business Address 139 NORTH COUNTY ROAD
PALM BEACH, FL 33480
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 investments7819241,0651,708
Cash and cash equivalents7819241,0651,708
Prepaid expense21022137623
Total current assets:9911,1451,4411,731
Noncurrent Assets
Prepaid expense4497  
Assets held-in-trust224,039224,018224,003224,000
Total noncurrent assets:224,084224,115224,003224,000
TOTAL ASSETS:225,075225,260225,444225,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:266 144
Accounts payable   8
Employee-related liabilities   93
Taxes payable   43
Other undisclosed accounts payable and accrued liabilities266  
Debt 125300 
Other undisclosed current liabilities20021(197) 
Total current liabilities:226152103144
Noncurrent Liabilities
Liabilities, other than long-term debt7,0526,694 7,840
Deferred compensation liability, classified   7,840
Derivative instruments and hedges, liabilities7,0526,694  
Other undisclosed noncurrent liabilities7,8407,84018,40420,082
Total noncurrent liabilities:14,89214,53418,40427,922
Total liabilities:15,11814,68618,50728,065
Temporary equity, carrying amount  201,937192,665
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,043)(13,426)5,0005,000
Common stock  00
Additional paid in capital   7,525
Retained earnings (accumulated deficit)(14,044)(13,427)4,999(2,526)
Other undisclosed stockholders' equity attributable to parent1111
Other undisclosed stockholders' equity224,000224,000  
Total stockholders' equity:209,957210,5745,0005,000
TOTAL LIABILITIES AND EQUITY:225,075225,260225,444225,731

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues
(Net Investment Income)
 4  
Gross profit: 4  
Operating expenses(226)(198)(203)(61)
Other undisclosed operating loss(54)(55)(46) 
Operating loss:(280)(248)(249)(61)
Nonoperating income
(Investment Income, Nonoperating)
3500 
Loss from continuing operations before income taxes:(245)(248)(249)(61)
Other undisclosed loss from continuing operations(35)   
Loss before gain (loss) on sale of properties:(280)(248)(249)(61)
Other undisclosed net income10,6033,8869,520 
Net income (loss):10,3243,6379,271(61)
Other undisclosed net loss attributable to parent(10,941)  (2,465)
Net income (loss) available to common stockholders, diluted:(617)3,6379,271(2,526)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):10,3243,6379,271(61)
Comprehensive income (loss), net of tax, attributable to parent:10,3243,6379,271(61)

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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