African Gold Acquisition Corporation (AGAC) Financial Statements (2024 and earlier)

Company Profile

Business Address 322 WEST 52ND STREET, #2322
NEW YORK, NY 10019-9998
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) ($ in thousands)

3/31/2022
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 544
Cash and cash equivalents 544
Prepaid expense 389
Total current assets: 933
Noncurrent Assets
Prepaid expense 61
Asset, held-in-trust 414,037
Total noncurrent assets: 414,097
TOTAL ASSETS: 415,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other undisclosed current liabilities 45
Total current liabilities: 45
Noncurrent Liabilities
Liabilities, other than long-term debt 14,490
Deferred compensation liability, classified 14,490
Other undisclosed noncurrent liabilities 21,137
Total noncurrent liabilities: 35,627
Total liabilities: 35,672
Equity
Equity, attributable to parent, including: (34,642)
Accumulated deficit (34,643)
Other undisclosed equity, attributable to parent 1
Other undisclosed equity 414,000
Total equity: 379,358
TOTAL LIABILITIES AND EQUITY: 415,031

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

3/31/2022
TTM
12/31/2021
Revenues
(Other Income)
 9,922
Gross profit: 9,922
Operating expenses (1,449)
Other undisclosed operating loss (9,922)
Operating loss: (1,449)
Loss from continuing operations: (1,449)
Loss before gain (loss) on sale of properties:(1,449)
Other undisclosed net income 9,922
Net income available to common stockholders, diluted: 8,473

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
Net income: 8,473
Comprehensive income, net of tax, attributable to parent: 8,473

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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