Provident Acquisition Corp. (PAQC) Financial Statements (2024 and earlier)

Company Profile

Business Address UNIT 11C/D, KIMLEY COMMERCIAL BUILDING
HONG KONG, 00000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2022
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 423,520
Cash and cash equivalents 423,520
Prepaid expense 400,000
Total current assets: 823,520
Noncurrent Assets
Prepaid expense 7,671
Asset, held-in-trust 230,014,437
Total noncurrent assets: 230,022,108
TOTAL ASSETS: 230,845,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other undisclosed current liabilities 485,296
Total current liabilities: 485,296
Noncurrent Liabilities
Liabilities, other than long-term debt 688,050
Derivative instruments and hedges, liabilities 688,050
Other undisclosed noncurrent liabilities 17,698,758
Total noncurrent liabilities: 18,386,808
Total liabilities: 18,872,104
Temporary equity, carrying amount 230,014,437
Equity
Equity, attributable to parent, including: (18,040,913)
Additional paid in capital 2,355,113
Accumulated deficit (20,396,601)
Other undisclosed equity, attributable to parent 575
Total equity: (18,040,913)
TOTAL LIABILITIES AND EQUITY: 230,845,628

Income Statement (P&L) (USD)

6/30/2022
TTM
12/31/2021
Operating expenses (2,447,239)
Operating loss: (2,447,239)
Nonoperating income 13,047,486
Income from continuing operations: 10,600,247
Income before gain (loss) on sale of properties:10,600,247
Net income attributable to parent: 10,600,247
Preferred stock dividends and other adjustments (230,014,437)
Net loss available to common stockholders, diluted: (219,414,190)

Comprehensive Income (USD)

6/30/2022
TTM
12/31/2021
Net income: 10,600,247
Comprehensive income, net of tax, attributable to parent: 10,600,247

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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