Edify Acquisition Corp. (EAC) Financial Statements (2024 and earlier)

Company Profile

Business Address 888 SEVENTH AVENUE
NEW YORK, NY 10106
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4731 - Arrangement of Transportation of Freight and Cargo (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 investments67,94467,944
Cash and cash equivalents67,94467,944
Prepaid expense69,715418,750
Other undisclosed current assets  
Total current assets:137,659486,694
Noncurrent Assets
Asset, held-in-trust20,152,710276,026,092
Total noncurrent assets:20,152,710276,026,092
TOTAL ASSETS:20,290,369276,512,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,061 
Accrued liabilities68,061 
Other undisclosed accounts payable and accrued liabilities  
Other undisclosed current liabilities968,998453,400
Total current liabilities:1,037,059453,400
Noncurrent Liabilities
Liabilities, other than long-term debt  
Derivative instruments and hedges, liabilities  
Other undisclosed noncurrent liabilities10,243,20019,492,800
Total noncurrent liabilities:10,243,20019,492,800
Total liabilities:11,280,25919,946,200
Temporary equity, carrying amount20,110,081276,000,000
Equity
Equity, attributable to parent, including:(11,099,971)(19,433,414)
Accumulated deficit(11,100,661)(19,434,104)
Other undisclosed equity, attributable to parent690690
Total equity:(11,099,971)(19,433,414)
TOTAL LIABILITIES AND EQUITY:20,290,369276,512,786

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Gross profit:  
Operating expenses(1,178,505)(1,076,657)
Other undisclosed operating income  
Operating loss:(1,178,505)(1,076,657)
Nonoperating income13,045,82312,967,880
Investment income, nonoperating3,796,22326,092
Interest and debt expense6,016,800 
Other undisclosed income from continuing operations before equity method investments, income taxes  
Income from continuing operations before equity method investments, income taxes:17,884,11811,891,223
Other undisclosed loss from continuing operations before income taxes(6,016,800) 
Income from continuing operations before income taxes:11,867,31811,891,223
Income tax expense(743,061)(220,619)
Income from continuing operations:11,124,25711,670,604
Income before gain (loss) on sale of properties:11,670,604
Other undisclosed net income  220,619
Net income attributable to parent:11,124,25711,891,223
Preferred stock dividends and other adjustments(2,790,814)(31,348,637)
Other undisclosed net loss available to common stockholders, basic  
Net income (loss) available to common stockholders, diluted:8,333,443(19,457,414)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:11,124,25711,891,223
Comprehensive income, net of tax, attributable to parent:11,124,25711,891,223

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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