Fintech Ecosystem Development Corp. (FEXD) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 SPRINGHOUSE DRIVE
COLLEGEVILLE, PA 19420
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)

6/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,335612,750
Cash and cash equivalents10,335612,750
Prepaid expense38,95186,557
Total current assets:49,286699,307
Noncurrent Assets
Asset, held-in-trust118,985,048116,152,113
Other undisclosed noncurrent assets  38,633
Total noncurrent assets:118,985,048116,190,746
TOTAL ASSETS:119,034,334116,890,053
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:990,605179,371
Accrued liabilities290,342 
Other undisclosed accounts payable and accrued liabilities700,263179,371
Debt  
Due to related parties 527,502 
Other undisclosed current liabilities290,342 
Total current liabilities:1,808,449179,371
Noncurrent Liabilities
Liabilities, other than long-term debt  
Deferred compensation liability, classified  
Other undisclosed noncurrent liabilities4,779,0859,170,506
Total noncurrent liabilities:4,779,0859,170,506
Total liabilities:6,587,5349,349,877
Temporary equity, carrying amount118,392,240116,150,000
Equity
Equity, attributable to parent, including:(5,945,440)(8,609,824)
Common stock  
Accumulated deficit(5,945,734)(8,610,118)
Other undisclosed equity, attributable to parent294294
Total equity:(5,945,440)(8,609,824)
TOTAL LIABILITIES AND EQUITY:119,034,334116,890,053

Income Statement (P&L) (USD)

6/30/2023
TTM
12/31/2022
12/31/2021
Operating expenses2,027,390 
Operating income:2,027,390 
Nonoperating income6,154,856 
Investment income, nonoperating1,682,935 
Interest and debt expense  
Income from continuing operations before equity method investments, income taxes:8,182,246 
Other undisclosed loss from continuing operations before income taxes(4,054,780) 
Income from continuing operations before income taxes:4,127,466 
Income tax expense(290,342) 
Other undisclosed loss from continuing operations  
Income from continuing operations:3,837,124 
Income before gain (loss) on sale of properties:
Net income attributable to parent:3,837,124 
Preferred stock dividends and other adjustments  
Net income available to common stockholders, diluted:3,837,124 

Comprehensive Income (USD)

6/30/2023
TTM
12/31/2022
12/31/2021
Net income:3,837,124 
Comprehensive income, net of tax, attributable to parent:3,837,124 

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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