Logistics Innovation Technologies Corp. (LITT) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
3495 PIEDMONT ROAD NE ATLANTA, GA 30305 |
| 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)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 474,947 | 967,124 | |||
| Cash and cash equivalent | 474,947 | 967,124 | |||
| Prepaid expense | 197,252 | 453,613 | |||
| Deferred costs | 967,124 | ||||
| Other undisclosed current assets | (967,124) | ||||
| Total current assets: | 672,199 | 1,420,737 | |||
| Noncurrent Assets | |||||
| Prepaid expense | 192,252 | ||||
| Asset, held-in-trust | 344,826,405 | 340,908,415 | |||
| Total noncurrent assets: | 344,826,405 | 341,100,667 | |||
| TOTAL ASSETS: | 345,498,604 | 342,521,404 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 239,352 | ||||
| Accrued liabilities | 239,352 | ||||
| Other undisclosed current liabilities | 567,403 | 223,958 | |||
| Total current liabilities: | 806,755 | 223,958 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 12,625,555 | 26,819,241 | |||
| Deferred revenue | 11,931,364 | ||||
| Deferred compensation liability, classified | 11,931,364 | ||||
| Derivative instruments and hedges, liabilities | 694,191 | 14,887,877 | |||
| Total noncurrent liabilities: | 12,625,555 | 26,819,241 | |||
| Total liabilities: | 13,432,310 | 27,043,199 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (12,397,707) | (25,430,210) | |||
| Common stock | 853 | ||||
| Accumulated deficit | (12,398,560) | (25,431,063) | |||
| Other undisclosed equity, attributable to parent | 853 | ||||
| Other undisclosed equity | 344,464,001 | 340,908,415 | |||
| Total equity: | 332,066,294 | 315,478,205 | |||
| TOTAL LIABILITIES AND EQUITY: | 345,498,604 | 342,521,404 | |||
Income Statement (P&L) (USD)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Operating expenses | (120,000) | |||
| Other operating expense, net (Other Expenses) | (751,755) | |||
| Other undisclosed operating loss | (667,993) | |||
| Operating loss: | (1,539,748) | |||
| Nonoperating income | 19,111,200 | |||
| Income from continuing operations before income taxes: | 17,571,452 | |||
| Income tax expense | (983,363) | |||
| Other undisclosed loss from continuing operations | ||||
| Income from continuing operations: | 16,588,089 | |||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ||
| Net income attributable to parent: | 16,588,089 | |||
| Preferred stock dividends and other adjustments | (3,555,586) | |||
| Other undisclosed net loss available to common stockholders, basic | ||||
| Net income available to common stockholders, diluted: | 13,032,503 | |||
Comprehensive Income (USD)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income: | 16,588,089 | |||
| Comprehensive income, net of tax, attributable to parent: | 16,588,089 | |||
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.