Glenfarne Merger Corp. (GGMC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
292 MADISON AVENUE NEW YORK, NY 10017 |
| 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)
| 9/30/2022 MRQ | 12/31/2021 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 820,998 | |||
| Cash and cash equivalent | 820,998 | |||
| Prepaid expense | 917,349 | |||
| Total current assets: | 1,738,347 | |||
| Noncurrent Assets | ||||
| Asset, held-in-trust | 272,595,711 | |||
| Total noncurrent assets: | 272,595,711 | |||
| TOTAL ASSETS: | 274,334,058 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 203,066 | |||
| Accounts payable | 132,266 | |||
| Accrued liabilities | 70,800 | |||
| Other undisclosed current liabilities | 201,694 | |||
| Total current liabilities: | 404,760 | |||
| Noncurrent Liabilities | ||||
| Liabilities, other than long-term debt | 5,780,310 | |||
| Derivative instruments and hedges, liabilities | 5,780,310 | |||
| Other undisclosed noncurrent liabilities | 9,538,992 | |||
| Total noncurrent liabilities: | 15,319,302 | |||
| Total liabilities: | 15,724,062 | |||
| Temporary equity, including noncontrolling interest | 272,542,620 | |||
| Equity | ||||
| Equity, attributable to parent, including: | (13,932,624) | |||
| Common stock | 86 | |||
| Accumulated deficit | (13,933,392) | |||
| Other undisclosed equity, attributable to parent | 682 | |||
| Total equity: | (13,932,624) | |||
| TOTAL LIABILITIES AND EQUITY: | 274,334,058 | |||
Income Statement (P&L) (USD)
| 9/30/2022 TTM | 12/31/2021 | ||
|---|---|---|---|
| Gross profit: | (821,000) | ||
| Operating expenses | (907,482) | ||
| Other undisclosed operating income | 521,300 | ||
| Operating loss: | (1,207,182) | ||
| Nonoperating expense (Other Nonoperating expense) | (767,820) | ||
| Loss from continuing operations before equity method investments, income taxes: | (1,975,002) | ||
| Other undisclosed income from continuing operations before income taxes | 8,193,591 | ||
| Income from continuing operations before income taxes: | 6,218,589 | ||
| Income tax benefit | 242,359 | ||
| Income from continuing operations: | 6,460,948 | ||
| Income before gain (loss) on sale of properties: | ✕ | 6,460,948 | |
| Other undisclosed net loss | (242,359) | ||
| Net income attributable to parent: | 6,218,589 | ||
| Preferred stock dividends and other adjustments | (14,797,433) | ||
| Net loss available to common stockholders, diluted: | (8,578,844) | ||
Comprehensive Income (USD)
| 9/30/2022 TTM | 12/31/2021 | ||
|---|---|---|---|
| Net income: | 6,218,589 | ||
| Comprehensive income, net of tax, attributable to parent: | 6,218,589 | ||
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.