Mountain Crest Acquisition Corp. III (MCAE) Financial Statements (2024 and earlier)

Company Profile

Business Address 311 WEST 43RD STREET, 12TH FLOOR
NEW YORK, NY 10036
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
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,485117,504341,429371,622462,24725,000
Cash and cash equivalents38,485117,504341,429371,622462,24725,000
Prepaid expense101,25745,25028,750   
Total current assets:139,742162,754370,179371,622462,24725,000
Noncurrent Assets
Asset, held-in-trust54,250,30054,177,15054,174,16354,173,01854,172,321 
Deferred costs      68,000
Total noncurrent assets:54,250,30054,177,15054,174,16354,173,01854,172,32168,000
Other undisclosed assets    46,00063,250 
TOTAL ASSETS:54,390,04254,339,90454,544,34254,590,64054,697,81893,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:60,85172,580 1,1931,000 
Accounts payable    1,1931,000 
Other undisclosed accounts payable and accrued liabilities60,85172,580    
Due to related parties      43,000
Other undisclosed current liabilities 1,353  1,930,3811,920,81826,000
Total current liabilities:62,20472,580 1,931,5741,921,81869,000
Noncurrent Liabilities
Liabilities, other than long-term debt100,000     
Due to related parties100,000     
Other undisclosed noncurrent liabilities 1,896,018     
Total noncurrent liabilities:1,996,018     
Other undisclosed liabilities 1,896,0182,006,950   
Total liabilities:2,058,2221,968,5982,006,9501,931,5741,921,81869,000
Temporary equity, carrying amount54,171,93054,171,93054,171,93054,171,93054,171,930 
Equity
Equity, attributable to parent(1,840,110)(1,800,624)(1,634,538)(1,512,864)(1,395,930)24,000
Common stock163163163163163144
Additional paid in capital      24,856
Accumulated deficit(1,840,273)(1,800,787)(1,634,701)(1,513,027)(1,396,093)(1,000)
Total equity:(1,840,110)(1,800,624)(1,634,538)(1,512,864)(1,395,930)24,000
TOTAL LIABILITIES AND EQUITY:54,390,04254,339,90454,544,34254,590,64054,697,81893,000

Income Statement (P&L) (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Gross profit:    (9,563)(24,800)(1,000)
Operating expenses(111,283)(148,341) (108,068)(68,224) 
Other undisclosed operating loss  (23,200)    
Operating loss:(111,283)(171,541) (117,631)(93,024)(1,000)
Nonoperating income
(Investment Income, Nonoperating)
73,1505,455 697391 
Income (loss) from continuing operations before income taxes:(38,133)(166,086) (116,934)(92,633)(1,000)
Income tax expense(1,353)     
Loss from continuing operations:(39,486)(166,086) (116,934)(92,633)(1,000)
Loss before gain (loss) on sale of properties:(39,486)(166,086)(116,934)(92,633)(1,000)
Other undisclosed net loss     (1,000) 
Net loss:(39,486)(166,086) (116,934)(93,633)(1,000)
Other undisclosed net income attributable to parent     1,000 
Net loss attributable to parent:(39,486)(166,086) (116,934)(92,633)(1,000)
Preferred stock dividends and other adjustments      
Net loss available to common stockholders, diluted:(39,486)(166,086) (116,934)(92,633)(1,000)

Comprehensive Income (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net loss:(39,486)(166,086) (116,934)(93,633)(1,000)
Comprehensive loss, net of tax, attributable to parent:(39,486)(166,086) (116,934)(93,633)(1,000)

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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