Class Acceleration Corp. (CLAS) Financial Statements (2024 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 421,66376,602
Cash and cash equivalents 421,66376,602
Receivables 5,00056,560
Prepaid expense 271,032 
Deferred costs  96,080
Total current assets: 697,695229,242
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: 259,474,235172,682
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  8,732
Accrued liabilities  8,732
Due to related parties 15,00056,560
Other undisclosed current liabilities 398,08685,230
Total current liabilities: 413,086150,522
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: 19,765,368150,522
Temporary equity, carrying amount 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 647647
Total equity: (19,041,133)22,160
TOTAL LIABILITIES AND EQUITY: 259,474,235172,682

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.

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