Mount Rainier Acquisition Corp. (RNER) Financial Statements (2024 and earlier)

Company Profile

Business Address 256 WEST 38TH STREET 15TH FLOOR
NEW YORK, NY 10018
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)

12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments799,290
Cash and cash equivalents799,290
Prepaid expense310,884
Total current assets:1,110,174
Noncurrent Assets
Prepaid expense 236,783
Asset, held-in-trust175,953,520
Total noncurrent assets:176,190,303
TOTAL ASSETS:177,300,477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,000
Accounts payable28,000
Accrued liabilities 
Due to related parties67,045
Other undisclosed current liabilities39,678
Total current liabilities:134,723
Noncurrent Liabilities
Other undisclosed noncurrent liabilities6,900,000
Total noncurrent liabilities:6,900,000
Total liabilities:7,034,723
Temporary equity, carrying amount175,950,000
Equity
Equity, attributable to parent(5,684,246)
Common stock491
Accumulated deficit(5,684,737)
Total equity:(5,684,246)
TOTAL LIABILITIES AND EQUITY:177,300,477

Income Statement (P&L) (USD)

12/31/2022
12/31/2021
Operating expenses(169,728)
Other undisclosed operating loss(67,678)
Operating loss:(237,406)
Nonoperating income
(Investment Income, Nonoperating)
3,520
Interest and debt expense 
Loss from continuing operations before income taxes:(233,886)
Income tax expense (benefit)49,116
Loss from continuing operations:(184,770)
Loss before gain (loss) on sale of properties:(184,770)
Other undisclosed net loss (49,116)
Net loss attributable to parent:(233,886)
Preferred stock dividends and other adjustments 
Net loss available to common stockholders, diluted:(233,886)

Comprehensive Income (USD)

12/31/2022
12/31/2021
Net loss:(233,886)
Comprehensive loss, net of tax, attributable to parent:(233,886)

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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