OmniLit Acquisition Corp. (OLIT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1111 LINCOLN ROAD MIAMI BEACH, FL 33139 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3827 - Optical Instruments and Lenses (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 117,506 | 494,599 | |||
| Cash and cash equivalents | 117,506 | 494,599 | |||
| Prepaid expense | 134,425 | 171,908 | |||
| Other undisclosed current assets | 8,765 | ||||
| Total current assets: | 260,696 | 666,507 | |||
| Noncurrent Assets | |||||
| Long-term investments and receivables | 14,011,070 | 146,626,679 | |||
| Long-term investments | 14,011,070 | 146,626,679 | |||
| Prepaid expense | 135,036 | ||||
| Total noncurrent assets: | 14,011,070 | 146,761,715 | |||
| TOTAL ASSETS: | 14,271,766 | 147,428,222 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 117,070 | 204,095 | |||
| Accounts payable | 117,070 | ||||
| Accrued liabilities | |||||
| Other undisclosed accounts payable and accrued liabilities | 204,095 | ||||
| Debt | |||||
| Total current liabilities: | 117,070 | 204,095 | |||
| Noncurrent Liabilities | |||||
| Other undisclosed noncurrent liabilities | 500,000 | 5,031,250 | |||
| Total noncurrent liabilities: | 500,000 | 5,031,250 | |||
| Total liabilities: | 617,070 | 5,235,345 | |||
| Temporary equity, carrying amount | 13,919,834 | 146,625,000 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (265,138) | (4,432,123) | |||
| Accumulated deficit | (265,618) | (4,432,602) | |||
| Other undisclosed equity, attributable to parent | 480 | 479 | |||
| Total equity: | (265,138) | (4,432,123) | |||
| TOTAL LIABILITIES AND EQUITY: | 14,271,766 | 147,428,222 | |||
Income Statement (P&L) (USD)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Operating expenses | (787,639) | |||
| Operating loss: | (787,639) | |||
| Nonoperating income (Investment Income, Nonoperating) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||
| Loss from continuing operations before equity method investments, income taxes: | (787,639) | |||
| Other undisclosed income from continuing operations before income taxes | 2,081,055 | |||
| Income from continuing operations before income taxes: | 1,293,416 | |||
| Income tax expense | (445,793) | |||
| Net income: | 847,623 | |||
| Other undisclosed net loss attributable to parent | ||||
| Net income available to common stockholders, diluted: | 847,623 | |||
Comprehensive Income (USD)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income: | 847,623 | |||
| Comprehensive income, net of tax, attributable to parent: | 847,623 | |||
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.