Mountain Crest Acquisition Corp. V (MCAG) 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) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments96123259159194347
Cash and cash equivalents96123259159194347
Prepaid expense35601120133100
Intangible current assets  5,000    
Total current assets:1315,183271178327447
Noncurrent Assets
Other undisclosed noncurrent assets    69,39969,10069,007
Total noncurrent assets:    69,39969,10069,007
Other undisclosed assets5,54215,03919,572   
TOTAL ASSETS:5,67320,22219,84369,57869,42669,453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:506296320163111108
Accrued liabilities263223181   
Other undisclosed accounts payable and accrued liabilities24273139163111108
Debt 300300    
Other undisclosed current liabilities    6911 
Total current liabilities:806596320232122108
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    2,0702,0702,070
Total noncurrent liabilities:    2,0702,0702,070
Other undisclosed liabilities2,5822,3962,251   
Total liabilities:3,3872,9932,5712,3022,1922,178
Temporary equity, carrying amount5,52720,01019,55069,26169,03169,000
Equity
Equity, attributable to parent(3,241)(2,781)(2,278)(1,984)(1,797)(1,724)
Common stock000000
Additional paid in capital      
Accumulated deficit(3,242)(2,781)(2,278)(1,985)(1,797)(1,725)
Total equity:(3,241)(2,781)(2,278)(1,984)(1,797)(1,724)
TOTAL LIABILITIES AND EQUITY:5,67320,22219,84369,57869,42669,453

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
148217521311937
Gross profit:148217521311937
Operating expenses(322)(218)(283)(211)(124)(106)
Other undisclosed operating loss(148)(217)(521)(311)(93)(30)
Operating loss:(322)(218)(283)(211)(124)(129)
Nonoperating income146217521311937
Investment income, nonoperating  282218  1
Interest and debt expense(2)     
Income (loss) from continuing operations before equity method investments, income taxes:(178)(1)238100(31)(122)
Other undisclosed income from continuing operations before income taxes2     
Income (loss) from continuing operations before income taxes:(176)(1)238100(31)(122)
Income tax expense(30)(43)(112)(59)(11) 
Income (loss) from continuing operations:(206)(43)12642(41)(122)
Income (loss) before gain (loss) on sale of properties:42(41)(122)
Net income (loss) available to common stockholders, diluted:(206)(43)12642(41)(122)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(206)(43)12642(41)(122)
Comprehensive income (loss), net of tax, attributable to parent:(206)(43)12642(41)(122)

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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