Sports Ventures Acquisition Corp. (AKIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7812 - Motion Picture and Video Tape Production (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
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 investments26141440576612713
Cash and cash equivalents26141440576612713
Other undisclosed current assets231342376401427736
Total current assets:2574838179761,0391,448
Noncurrent Assets
Asset, held-in-trust230,353230,048230,027230,022230,019230,010
Other noncurrent assets   6101196 
Total noncurrent assets:230,353230,048230,033230,123230,215230,010
TOTAL ASSETS:230,610230,532230,850231,099231,254231,459
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 177 117   
Due to related parties177147117936327
Other undisclosed current liabilities3,1242,511536443210
Total current liabilities:3,4792,6587711369437
Noncurrent Liabilities
Liabilities, other than long-term debt8,0508,0508,0508,0508,0508,050
Deferred revenue8,0508,0508,0508,0508,0508,050
Other undisclosed noncurrent liabilities6069,4654,8114,6707,8097,178
Total noncurrent liabilities:8,65617,51512,86112,72015,85915,228
Total liabilities:12,13520,17313,63312,85615,95415,265
Temporary equity, carrying amount230,353230,000230,000230,000210,301211,194
Equity
Equity, attributable to parent, including:(11,878)(19,641)(12,783)(11,757)5,0005,000
Common stock000000
Additional paid in capital     1,9871,094
Retained earnings (accumulated deficit)(11,879)(19,642)(12,784)(11,758)3,0123,905
Other undisclosed equity, attributable to parent111111
Total equity:(11,878)(19,641)(12,783)(11,757)5,0005,000
TOTAL LIABILITIES AND EQUITY:230,610230,532230,850231,099231,254231,459

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

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues
(Net Investment Income)
   (137)3,142810
Gross profit:   (137)3,142810
Operating expenses(1,048)(2,227)(889)(200)(271)(172)
Other undisclosed operating income (loss)   137(3,142)(8)(10)
Operating loss:(1,048)(2,227)(889)(200)(271)(172)
Nonoperating expense
(Other Nonoperating expense)
     (623) 
Interest and debt expense      (658)
Loss from continuing operations:(1,048)(2,227)(889)(200)(893)(830)
Loss before gain (loss) on sale of properties:(1,048)(2,227)(889)(200)(893)(830)
Other undisclosed net income (loss)  (4,632)   4,743
Net income (loss):(1,048)(6,858)(889)(200)(893)3,912
Net income (loss) attributable to noncontrolling interest    (2,942)893(10)
Other undisclosed net income (loss) attributable to parent9,164 (137)6,084(893)10
Net income (loss) available to common stockholders, diluted:8,117(6,858)(1,026)2,942(893)3,912

Comprehensive Income ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):(1,048)(6,858)(889)(200)(893)3,912
Comprehensive income (loss):(1,048)(6,858)(889)(200)(893)3,912
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (2,942)893 
Other undisclosed comprehensive loss, net of tax, attributable to parent   (4,936)   
Comprehensive income (loss), net of tax, attributable to parent:(1,048)(6,858)(5,825)(3,142) 3,912

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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