Kernel Group Holdings Inc. (KRNL) Financial Statements (2024 and earlier)

Company Profile

Business Address 515 MADISON AVENUE
NEW YORK, NY 10022
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) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments80493,095474,945
Cash and cash equivalents80493,095474,945
Prepaid expense27,14842,022444,503
Total current assets:27,952135,117919,448
Noncurrent Assets
Asset, held-in-trust67,819,662309,234,766304,765,064
Total noncurrent assets:67,819,662309,234,766304,765,064
TOTAL ASSETS:67,847,614309,369,883305,684,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,779,7102,798,1352,589,647
Accounts payable3,729,095848,420797,789
Accrued liabilities50,6151,949,7151,791,858
Debt1,565,113  
Due to related parties14,00050,000
Other undisclosed current liabilities2,505,368156,000 
Total current liabilities:7,850,1912,968,1352,639,647
Noncurrent Liabilities
Liabilities, other than long-term debt479,750174,35412,473,500
Derivative instruments and hedges, liabilities479,750174,35412,473,500
Other undisclosed noncurrent liabilities  10,666,25010,666,250
Total noncurrent liabilities:479,75010,840,60423,139,750
Total liabilities:8,329,94113,808,73925,779,397
Temporary equity, carrying amount67,719,662309,134,766304,750,000
Equity
Equity, attributable to parent, including:(8,201,989)(13,573,622)(24,844,885)
Accumulated deficit(8,202,751)(13,574,384)(24,845,647)
Other undisclosed equity, attributable to parent762762762
Total equity:(8,201,989)(13,573,622)(24,844,885)
TOTAL LIABILITIES AND EQUITY:67,847,614309,369,883305,684,512

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Operating expenses(2,449,228)(1,112,819)(3,707,145)
Other undisclosed operating loss(120,000)  
Operating loss:(2,569,228)(1,112,819)(3,707,145)
Nonoperating income (expense)(4,972,208)16,768,84825,376,939
Investment income, nonoperating 16,768,84825,376,939
Other nonoperating expense(4,972,208)  
Interest and debt expense(4,880)  
Income (loss) from continuing operations:(7,546,316)15,656,02921,669,794
Income before gain (loss) on sale of properties:21,669,794
Net income (loss):(7,546,316)15,656,02921,669,794
Other undisclosed net income (loss) attributable to parent4,880 (6,421,538)
Net income (loss) available to common stockholders, diluted:(7,541,436)15,656,02915,248,256

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(7,546,316)15,656,02921,669,794
Comprehensive income (loss), net of tax, attributable to parent:(7,546,316)15,656,02921,669,794

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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