Class Acceleration Corp. (CLAS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
8260 SPECTRUM CENTER BOULEVARD SAN DIEGO, CA 92123 |
| 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)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 421,663 | 76,602 | |||
| Cash and cash equivalent | 421,663 | 76,602 | |||
| Receivables | 5,000 | 56,560 | |||
| Prepaid expense | 271,032 | ||||
| Deferred costs | 96,080 | ||||
| Total current assets: | 697,695 | 229,242 | |||
| Noncurrent Assets | |||||
| Prepaid expense | 11,138 | ||||
| Asset, held-in-trust | 258,765,402 | ||||
| Total noncurrent assets: | 258,776,540 | ||||
| Other undisclosed assets | (56,560) | ||||
| TOTAL ASSETS: | 259,474,235 | 172,682 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 8,732 | ||||
| Accrued liabilities | 8,732 | ||||
| Due to related parties | 15,000 | 56,560 | |||
| Other undisclosed current liabilities | 398,086 | 85,230 | |||
| Total current liabilities: | 413,086 | 150,522 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 19,352,282 | ||||
| Deferred compensation liability, classified | 9,056,250 | ||||
| Derivative instruments and hedges, liabilities | 10,296,032 | ||||
| Total noncurrent liabilities: | 19,352,282 | ||||
| Total liabilities: | 19,765,368 | 150,522 | |||
| Temporary equity, including noncontrolling interest | 258,750,000 | ||||
| Equity | |||||
| Equity, attributable to parent, including: | (19,041,133) | 22,160 | |||
| Additional paid in capital | 24,353 | ||||
| Accumulated deficit | (19,041,780) | (2,840) | |||
| Other undisclosed equity, attributable to parent | 647 | 647 | |||
| Total equity: | (19,041,133) | 22,160 | |||
| TOTAL LIABILITIES AND EQUITY: | 259,474,235 | 172,682 | |||
Income Statement (P&L) (USD)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Operating expenses | (1,122,145) | |||
| Operating loss: | (1,122,145) | |||
| Nonoperating income | 5,922,932 | |||
| Income from continuing operations: | 4,800,787 | |||
| Income before gain (loss) on sale of properties: | ✕ | 4,800,787 | ✕ | |
| Net income: | 4,800,787 | |||
| Net loss attributable to noncontrolling interest | (4,800,787) | |||
| Other undisclosed net income attributable to parent | 4,800,787 | |||
| Net income attributable to parent: | 4,800,787 | |||
| Preferred stock dividends and other adjustments | (258,750,000) | |||
| Net loss available to common stockholders, diluted: | (253,949,213) | |||
Comprehensive Income (USD)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Net income: | 4,800,787 | |||
| Comprehensive income: | 4,800,787 | |||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4,800,787) | |||
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.