Achari Ventures Holdings Corp. I (AVHIW) Financial Statements (2024 and earlier)

Company Profile

Business Address 60 WALNUT AVENUE, SUITE 400
CLARK, NJ 07066
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 80 - Health Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,395597,306771,386
Cash and cash equivalents48,395597,306771,386
Prepaid expense48,106180,197228,375
Total current assets:96,501777,503999,761
Noncurrent Assets
Prepaid expense   180,197
Asset, held-in-trust6,049,74510,578,661 
Other undisclosed noncurrent assets  34,109,659101,501,875
Total noncurrent assets:6,049,74544,688,320101,682,072
TOTAL ASSETS:6,146,24645,465,823102,681,833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,206,121665,05984,608
Accrued liabilities42,717216,203 
Other undisclosed accounts payable and accrued liabilities3,163,404448,85684,608
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  34,198,758 
Other undisclosed current liabilities1,016,261507,340119,262
Total current liabilities:4,222,38235,371,157203,870
Noncurrent Liabilities
Liabilities, other than long-term debt  3,500,0003,500,000
Deferred compensation liability, classified  3,500,0003,500,000
Other undisclosed noncurrent liabilities3,607,713356,6662,354,000
Total noncurrent liabilities:3,607,7133,856,6665,854,000
Total liabilities:7,830,09539,227,8236,057,870
Temporary equity, carrying amount6,049,74510,489,562101,500,000
Equity
Equity, attributable to parent(7,733,594)(4,251,562)(4,876,037)
Common stock250250250
Accumulated deficit(7,733,844)(4,251,812)(4,876,287)
Total equity:(7,733,594)(4,251,562)(4,876,037)
TOTAL LIABILITIES AND EQUITY:6,146,24645,465,823102,681,833

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Operating expenses(3,179,740)(1,569,618)(297,182)
Operating loss:(3,179,740)(1,569,618)(297,182)
Nonoperating income678,0783,409,1883,035,938
Investment income, nonoperating429,1251,411,8541,875
Income (loss) from continuing operations before income taxes:(2,501,662)1,839,5702,738,756
Income tax expense(72,980)(216,203) 
Income (loss) from continuing operations:(2,574,642)1,623,3672,738,756
Income before gain (loss) on sale of properties:2,738,756
Net income (loss) attributable to parent:(2,574,642)1,623,3672,738,756
Preferred stock dividends and other adjustments515,846  
Other undisclosed net income available to common stockholders, basic   
Net income (loss) available to common stockholders, diluted:(2,058,796)1,623,3672,738,756

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(2,574,642)1,623,3672,738,756
Comprehensive income (loss), net of tax, attributable to parent:(2,574,642)1,623,3672,738,756

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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