Powered Brands (POW) Financial Statements (2024 and earlier)

Company Profile

Business Address 292 MADISON AVENUE
NEW YORK, NY 10017
State of Incorp.
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
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 628,620
Cash and cash equivalents 628,620
Prepaid expense 294,862
Total current assets: 923,482
Noncurrent Assets
Asset, held-in-trust 276,026,243
Total noncurrent assets: 276,026,243
TOTAL ASSETS: 276,949,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 272,137
Accounts payable 145,534
Accrued liabilities 126,603
Total current liabilities: 272,137
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 18,253,408
Total noncurrent liabilities: 18,253,408
Total liabilities: 18,525,545
Temporary equity, carrying amount 276,000,000
Equity
Equity, attributable to parent, including: (17,575,820)
Accumulated deficit (17,576,510)
Other undisclosed equity, attributable to parent 690
Total equity: (17,575,820)
TOTAL LIABILITIES AND EQUITY: 276,949,725

Income Statement (P&L) (USD)

9/30/2022
TTM
12/31/2021
Operating expenses (1,058,551)
Other undisclosed operating loss (176,960)
Operating loss: (1,235,511)
Nonoperating income 4,080,746
Investment income, nonoperating 4,367,651
Income from continuing operations: 2,845,235
Income before gain (loss) on sale of properties:2,845,235
Net income available to common stockholders, diluted: 2,845,235

Comprehensive Income (USD)

9/30/2022
TTM
12/31/2021
Net income: 2,845,235
Comprehensive income, net of tax, attributable to parent: 2,845,235

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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