COVA Acquisition Corp. (COVA) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
530 BUSH STREET, SUITE 703 SAN FRANCISCO, CA 94108 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 677 - Blank Checks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 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 investments | 2 | 2 | 7 | 314 | 400 | 984 | |||
| Cash and cash equivalents | 2 | 2 | 7 | 314 | 400 | 492 | |||
| Short-term investments | 492 | ||||||||
| Other undisclosed current assets | 507 | 722 | 789 | 791 | 1,265 | 969 | |||
| Total current assets: | 510 | 725 | 796 | 1,105 | 1,665 | 1,953 | |||
| Noncurrent Assets | |||||||||
| Prepaid expense | 76 | 274 | |||||||
| Asset, held-in-trust | 300,614 | 300,163 | 300,054 | 300,024 | 300,003 | 300,000 | |||
| Total noncurrent assets: | 300,614 | 300,163 | 300,130 | 300,299 | 300,003 | 300,000 | |||
| TOTAL ASSETS: | 301,123 | 300,888 | 300,925 | 301,404 | 301,668 | 301,953 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,183 | 435 | 507 | 22 | 4 | 12 | |||
| Accrued liabilities | 3,183 | 435 | 507 | 22 | 4 | 12 | |||
| Debt | |||||||||
| Due to related parties | 862 | 644 | 17 | ||||||
| Total current liabilities: | 4,045 | 1,078 | 525 | 22 | 4 | 12 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 12,899 | 14,801 | 22,248 | 24,382 | 31,786 | 38,663 | |||
| Deferred compensation liability, classified | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | 10,500 | |||
| Derivative instruments and hedges, liabilities | 2,399 | 4,301 | 11,748 | 13,882 | 21,286 | 28,163 | |||
| Total noncurrent liabilities: | 12,899 | 14,801 | 22,248 | 24,382 | 31,786 | 38,663 | |||
| Total liabilities: | 16,944 | 15,880 | 22,773 | 24,404 | 31,790 | 38,675 | |||
| Temporary equity, carrying amount | 300,614 | 300,000 | 300,000 | 300,000 | 264,877 | 258,279 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (16,434) | (14,992) | (21,847) | (23,000) | 5,000 | 5,000 | |||
| Common stock | 0 | 0 | |||||||
| Additional paid in capital | 1,676 | 8,275 | |||||||
| Retained earnings (accumulated deficit) | (16,435) | (14,993) | (21,848) | (23,001) | 3,323 | (3,276) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Total equity: | (16,434) | (14,992) | (21,847) | (23,000) | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 301,123 | 300,888 | 300,925 | 301,404 | 301,668 | 301,953 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 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 (Other Income) | 2,353 | |||||||
| Gross profit: | 2,353 | |||||||
| Operating expenses | (3,181) | (700) | (1,011) | (303) | (281) | (237) | ||
| Other undisclosed operating loss | (2,353) | |||||||
| Operating loss: | (3,181) | (700) | (1,011) | (303) | (281) | (237) | ||
| Nonoperating income (expense) | 451 | 7,664 | 2,218 | 7,446 | 6,883 | (3,030) | ||
| Investment income, nonoperating | 451 | 109 | 54 | 21 | 3 | |||
| Other nonoperating income | 7,555 | 2,164 | 7,425 | 6,880 | ||||
| Income (loss) from continuing operations: | (2,731) | 6,964 | 1,207 | 7,144 | 6,602 | (3,267) | ||
| Income (loss) before gain (loss) on sale of properties: | (2,731) | 6,964 | 1,207 | 7,144 | 6,602 | (3,267) | ||
| Other undisclosed net loss | (109) | (54) | (21) | (3) | ||||
| Net income (loss): | (2,731) | 6,855 | 1,153 | 7,122 | 6,599 | (3,267) | ||
| Other undisclosed net income attributable to parent | 1,903 | |||||||
| Net income (loss) attributable to parent: | (828) | 6,855 | 1,153 | 7,122 | 6,599 | (3,267) | ||
| Preferred stock dividends and other adjustments | 614 | |||||||
| Other undisclosed net loss available to common stockholders, basic | (6,596) | |||||||
| Net income (loss) available to common stockholders, diluted: | (214) | 6,855 | 1,153 | 7,122 | 3 | (3,267) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 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): | (2,731) | 6,855 | 1,153 | 7,122 | 6,599 | (3,267) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,731) | 6,855 | 1,153 | 7,122 | 6,599 | (3,267) | ||
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.