Monterey Capital Acquisition Corporation (MCAC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2 MOUNT ROYAL AVENUE, SUITE 550 MARLBOROUGH, MA 01752 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 6 | 6 | |||
| Cash and cash equivalents | 6 | 6 | |||
| Receivables | 62 | ||||
| Prepaid expense | 4 | 7 | |||
| Total current assets: | 72 | 13 | |||
| Noncurrent Assets | |||||
| Asset, held-in-trust | 78,703 | 94,210 | |||
| Total noncurrent assets: | 78,703 | 94,210 | |||
| TOTAL ASSETS: | 78,775 | 94,223 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 3,116 | 1,426 | |||
| Accrued liabilities | 3,116 | 1,426 | |||
| Debt | |||||
| Other liabilities | 68 | ||||
| Due to related parties | ✕ | ✕ | 10 | ||
| Other undisclosed current liabilities | 3,731 | 623 | |||
| Total current liabilities: | 6,915 | 2,058 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 18,370 | 2,770 | |||
| Derivative instruments and hedges, liabilities | 18,370 | 2,770 | |||
| Other undisclosed noncurrent liabilities | 3,680 | 3,680 | |||
| Total noncurrent liabilities: | 22,050 | 6,450 | |||
| Total liabilities: | 28,965 | 8,508 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (28,924) | (8,055) | |||
| Accumulated deficit | (28,924) | (8,055) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||
| Other undisclosed equity | 78,733 | 93,769 | |||
| Total equity: | 49,810 | 85,714 | |||
| TOTAL LIABILITIES AND EQUITY: | 78,775 | 94,223 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues (Other Income) | 55 | |||
| Gross profit: | 55 | |||
| Operating expenses | (2,981) | (2,098) | ||
| Other undisclosed operating income (loss) | (55) | |||
| Operating loss: | (2,981) | (2,098) | ||
| Nonoperating income (Investment Income, Nonoperating) | 4,551 | 1,290 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,571 | (809) | ||
| Other undisclosed loss from continuing operations before income taxes | (15,600) | (2,715) | ||
| Loss from continuing operations before income taxes: | (14,029) | (3,523) | ||
| Income tax expense | (914) | (241) | ||
| Net loss attributable to parent: | (14,943) | (3,764) | ||
| Preferred stock dividends and other adjustments | (15,026) | |||
| Undistributed earnings (loss) allocated to participating securities, basic | 14,943 | |||
| Other undisclosed net loss available to common stockholders, basic | (14,943) | |||
| Net loss available to common stockholders, diluted: | (14,943) | (18,790) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net loss: | (14,943) | (3,764) | ||
| Comprehensive loss, net of tax, attributable to parent: | (14,943) | (3,764) | ||
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.