COVA Acquisition Corp. (COVA) Financial Statements (2024 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)

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 investments227314400984
Cash and cash equivalents227314400492
Short-term investments      492
Other undisclosed current assets5077227897911,265969
Total current assets:5107257961,1051,6651,953
Noncurrent Assets
Prepaid expense   76274  
Asset, held-in-trust300,614300,163300,054300,024300,003300,000
Total noncurrent assets:300,614300,163300,130300,299300,003300,000
TOTAL ASSETS:301,123300,888300,925301,404301,668301,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,18343550722412
Accrued liabilities3,18343550722412
Debt      
Due to related parties 86264417   
Total current liabilities:4,0451,07852522412
Noncurrent Liabilities
Liabilities, other than long-term debt12,89914,80122,24824,38231,78638,663
Deferred compensation liability, classified10,50010,50010,50010,50010,50010,500
Derivative instruments and hedges, liabilities2,3994,30111,74813,88221,28628,163
Total noncurrent liabilities:12,89914,80122,24824,38231,78638,663
Total liabilities:16,94415,88022,77324,40431,79038,675
Temporary equity, carrying amount300,614300,000300,000300,000264,877258,279
Equity
Equity, attributable to parent, including:(16,434)(14,992)(21,847)(23,000)5,0005,000
Common stock     00
Additional paid in capital     1,6768,275
Retained earnings (accumulated deficit)(16,435)(14,993)(21,848)(23,001)3,323(3,276)
Other undisclosed equity, attributable to parent111111
Total equity:(16,434)(14,992)(21,847)(23,000)5,0005,000
TOTAL LIABILITIES AND EQUITY:301,123300,888300,925301,404301,668301,953

Income Statement (P&L) ($ in thousands)

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)4517,6642,2187,4466,883(3,030)
Investment income, nonoperating45110954213 
Other nonoperating income  7,5552,1647,4256,880 
Income (loss) from continuing operations:(2,731)6,9641,2077,1446,602(3,267)
Income (loss) before gain (loss) on sale of properties:(2,731)6,9641,2077,1446,602(3,267)
Other undisclosed net loss  (109)(54)(21)(3) 
Net income (loss):(2,731)6,8551,1537,1226,599(3,267)
Other undisclosed net income attributable to parent1,903     
Net income (loss) attributable to parent:(828)6,8551,1537,1226,599(3,267)
Preferred stock dividends and other adjustments614     
Other undisclosed net loss available to common stockholders, basic     (6,596) 
Net income (loss) available to common stockholders, diluted:(214)6,8551,1537,1223(3,267)

Comprehensive Income ($ in thousands)

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)6,8551,1537,1226,599(3,267)
Comprehensive income (loss), net of tax, attributable to parent:(2,731)6,8551,1537,1226,599(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.

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