Belong Acquisition Corp. (BLNG) Financial Statements (2024 and earlier)

Company Profile

Business Address 202 WASHINGTON STREET
BROOKLINE, MA 02445
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)

3/31/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments780,6721,397,524
Cash and cash equivalents780,6721,397,524
Prepaid expense180,159380,883
Total current assets:960,8311,778,407
Noncurrent Assets
Asset, held-in-trust51,357,799150,004,512
Total noncurrent assets:51,357,799150,004,512
TOTAL ASSETS:52,318,630151,782,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities822,512293,891
Accrued liabilities822,512293,891
Due to related parties 10,537,186 
Other undisclosed current liabilities  
Total current liabilities:11,359,698293,891
Noncurrent Liabilities
Liabilities, other than long-term debt6,338,5005,250,000
Deferred compensation liability, classified5,250,0005,250,000
Derivative instruments and hedges, liabilities 1,088,500 
Other undisclosed noncurrent liabilities 4,120,750
Total noncurrent liabilities:6,338,5009,370,750
Total liabilities:17,698,1989,664,641
Temporary equity, carrying amount40,799,309150,000,000
Equity
Equity, attributable to parent, including:(6,178,877)(7,881,722)
Common stock5555
Accumulated deficit(6,179,321)(7,882,166)
Other undisclosed equity, attributable to parent389389
Total equity:(6,178,877)(7,881,722)
TOTAL LIABILITIES AND EQUITY:52,318,630151,782,919

Income Statement (P&L) (USD)

3/31/2023
TTM
12/31/2022
12/31/2021
Operating expenses(1,717,595)(596,781)
Operating loss:(1,717,595)(596,781)
Nonoperating income5,046,4852,783,658
Investment income, nonoperating2,014,2354,512
Income from continuing operations before income taxes:3,328,8902,186,877
Income tax expense (benefit)(341,914)124,376
Income from continuing operations:2,986,9762,311,253
Income before gain (loss) on sale of properties:2,311,253
Other undisclosed net loss  (124,376)
Net income attributable to parent:2,986,9762,186,877
Preferred stock dividends and other adjustments  
Net income available to common stockholders, diluted:2,986,9762,186,877

Comprehensive Income (USD)

3/31/2023
TTM
12/31/2022
12/31/2021
Net income:2,986,9762,186,877
Comprehensive income, net of tax, attributable to parent:2,986,9762,186,877

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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