Pine Island Acquisition Corp. (PIPP) Financial Statements (2024 and earlier)

Company Profile

Business Address 2455 E. SUNRISE BLVD.
FORT LAUDERDALE, FL 33304
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)

6/30/2022
MRQ
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 16,421403,875
Cash and cash equivalents 16,421403,875
Prepaid expense 407,989875,684
Total current assets: 424,4101,279,559
Noncurrent Assets
Asset, held-in-trust 218,445,931218,402,560
Total noncurrent assets: 218,445,931218,402,560
TOTAL ASSETS: 218,870,341219,682,119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 681,362173,866
Accounts payable 142,36283,866
Accrued liabilities 539,00090,000
Debt 245,000 
Other undisclosed current liabilities 140,98672,329
Total current liabilities: 1,067,348246,195
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 18,131,13028,818,820
Total noncurrent liabilities: 18,131,13028,818,820
Total liabilities: 19,198,47829,065,015
Temporary equity, carrying amount  185,617,100
Equity
Equity, attributable to parent, including: (18,716,137)5,000,004
Additional paid in capital  8,274,278
Accumulated deficit (18,716,683)(3,275,148)
Other undisclosed equity, attributable to parent 546874
Other undisclosed equity 218,388,000 
Total equity: 199,671,8635,000,004
TOTAL LIABILITIES AND EQUITY: 218,870,341219,682,119

Income Statement (P&L) (USD)

6/30/2022
TTM
12/31/2021
12/31/2020
Operating expenses (1,475,903) 
Other undisclosed operating loss (200,399) 
Operating loss: (1,676,302) 
Nonoperating income
(Investment Income, Nonoperating)
 43,371 
Loss from continuing operations before income taxes: (1,632,931) 
Income tax benefit 388,518 
Loss from continuing operations: (1,244,413) 
Loss before gain (loss) on sale of properties:(1,244,413)
Other undisclosed net income 10,299,172 
Net income available to common stockholders, diluted: 9,054,759 

Comprehensive Income (USD)

6/30/2022
TTM
12/31/2021
12/31/2020
Net income: 9,054,759 
Comprehensive income, net of tax, attributable to parent: 9,054,759 

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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