Direct Selling Acquisition Corp. (DSAQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 5800 DEMOCRACY DRIVE
PLANO, TX 75024
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,151,3191,041,948
Cash and cash equivalents1,151,3191,041,948
Prepaid expense114,915713,140
Total current assets:1,266,2341,755,088
Noncurrent Assets
Asset, held-in-trust239,365,794234,618,018
Total noncurrent assets:239,365,794234,618,018
TOTAL ASSETS:240,632,028236,373,106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,84496,624
Taxes payable60,274
Accrued liabilities32,84436,350
Debt2,300,000 
Due to related parties667667
Other liabilities  
Other undisclosed current liabilities715,792 
Total current liabilities:3,049,30397,291
Noncurrent Liabilities
Liabilities, other than long-term debt9,378,00019,650,000
Deferred compensation liability, classified8,050,0008,050,000
Other liabilities 400,000 
Derivative instruments and hedges, liabilities928,00011,600,000
Total noncurrent liabilities:9,378,00019,650,000
Total liabilities:12,427,30319,747,291
Temporary equity, carrying amount239,285,445234,600,000
Equity
Equity, attributable to parent, including:(11,080,720)(17,974,185)
Accumulated deficit(11,081,295)(17,974,760)
Other undisclosed equity, attributable to parent575575
Total equity:(11,080,720)(17,974,185)
TOTAL LIABILITIES AND EQUITY:240,632,028236,373,106

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Operating expenses(1,830,438) 
Operating loss:(1,830,438) 
Nonoperating income14,056,260 
Investment income, nonoperating3,378,342 
Income from continuing operations before income taxes:12,225,822 
Income tax expense(646,912) 
Net income available to common stockholders, diluted:11,578,910 

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:11,578,910 
Comprehensive income, net of tax, attributable to parent:11,578,910 

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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