Research Alliance Corp. II (RACB) Financial Statements (2024 and earlier)

Company Profile

Business Address 3172 NORTH RAINBOW BLVD.
LAS VEGAS, NV 89108
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)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments618,796759,6181,050,5731,148,3251,196,5131,838,824
Cash and cash equivalents618,796759,6181,050,5731,148,3251,196,5131,838,824
Prepaid expense150,142207,267204,891247,141169,000 
Total current assets:768,938966,8851,255,4641,395,4661,365,5131,838,824
Noncurrent Assets
Asset, held-in-trust149,714,864149,524,962149,511,634149,507,865149,504,096149,500,369
Other noncurrent assets     120,392 
Total noncurrent assets:149,714,864149,524,962149,511,634149,507,865149,624,488149,500,369
TOTAL ASSETS:150,483,802150,491,847150,767,098150,903,331150,990,001151,339,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168,062194,298178,441163,856106,189330,919
Accounts payable55,449125,17720,44155,85648,189108,390
Accrued liabilities112,61369,121158,000108,00058,000222,529
Total current liabilities:168,062194,298178,441163,856106,189330,919
Noncurrent Liabilities
Other undisclosed noncurrent liabilities5,232,5005,232,5005,232,5005,232,5005,232,5005,232,500
Total noncurrent liabilities:5,232,5005,232,5005,232,5005,232,5005,232,5005,232,500
Total liabilities:5,400,5625,426,7985,410,9415,396,3565,338,6895,563,419
Equity
Equity, attributable to parent, including:(4,416,760)(4,434,951)(4,143,843)(3,993,025)5,000,0025,000,004
Additional paid in capital     5,168,2045,036,016
Accumulated deficit(4,417,184)(4,435,375)(4,144,267)(3,993,449)(168,714)(36,523)
Other undisclosed equity, attributable to parent424424424424512511
Other undisclosed equity149,500,000149,500,000149,500,000149,500,000140,651,310140,775,770
Total equity:145,083,240145,065,049145,356,157145,506,975145,651,312145,775,774
TOTAL LIABILITIES AND EQUITY:150,483,802150,491,847150,767,098150,903,331150,990,001151,339,193

Income Statement (P&L) (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Operating expenses(171,711)(304,436)(154,587)(148,106)(135,918)(29,028)
Operating loss:(171,711)(304,436)(154,587)(148,106)(135,918)(29,028)
Nonoperating income
(Investment Income, Nonoperating)
189,90213,3283,7693,7683,727369
Income (loss) from continuing operations:18,191(291,108)(150,818)(144,338)(132,191)(28,659)
Income (loss) before gain (loss) on sale of properties:18,191(291,108)(150,818)(144,338)(132,191)(28,659)
Net income (loss) attributable to parent:18,191(291,108)(150,818)(144,338)(132,191)(28,659)
Preferred stock dividends and other adjustments      
Net income (loss) available to common stockholders, diluted:18,191(291,108)(150,818)(144,338)(132,191)(28,659)

Comprehensive Income (USD)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):18,191(291,108)(150,818)(144,338)(132,191)(28,659)
Comprehensive income (loss), net of tax, attributable to parent:18,191(291,108)(150,818)(144,338)(132,191)(28,659)

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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