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
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50,266174,236439,327799,2902,420,463
Cash and cash equivalents50,266174,236439,327799,2902,420,463
Prepaid expense310,884310,884310,884310,884 
Total current assets:361,150485,120750,2111,110,1742,420,463
Noncurrent Assets
Prepaid expense 4,25982,619160,127236,783 
Asset, held-in-trust176,885,447176,203,470175,970,248175,953,520 
Deferred costs     241,860
Total noncurrent assets:176,889,706176,286,089176,130,375176,190,303241,860
TOTAL ASSETS:177,250,856176,771,209176,880,586177,300,4772,662,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities459,010159,38058,00028,000131,340
Taxes payable170,50535,690  
Accounts payable118,00088,00058,00028,00050,840
Accrued liabilities170,50535,690  80,500
Due to related parties76,69425,75921,64567,0451,537,000
Other undisclosed current liabilities(10,827)83,98879,67839,678975,000
Total current liabilities:524,877269,127159,323134,7232,643,340
Noncurrent Liabilities
Other undisclosed noncurrent liabilities6,900,0006,900,0006,900,0006,900,000 
Total noncurrent liabilities:6,900,0006,900,0006,900,0006,900,000 
Total liabilities:7,424,8777,169,1277,059,3237,034,7232,643,340
Temporary equity, carrying amount 176,203,470175,950,000175,950,000 
Equity
Equity, attributable to parent, including:(7,059,467)(6,601,388)(6,128,737)(5,684,246)18,983
Common stock 491491491431
Additional paid in capital     24,569
Accumulated deficit(7,059,958)(6,601,879)(6,129,228)(5,684,737)(6,017)
Other undisclosed equity, attributable to parent 491    
Other undisclosed equity 176,885,446    
Total equity:169,825,979(6,601,388)(6,128,737)(5,684,246)18,983
TOTAL LIABILITIES AND EQUITY:177,250,856176,771,209176,880,586177,300,4772,662,323

Income Statement (P&L) (USD)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Operating expenses(253,265)(346,713)(391,219)(163,711)(1,400)
Other undisclosed operating loss(70,000)(70,000)(70,000)(67,678) 
Operating loss:(323,265)(416,713)(461,219)(231,389)(1,400)
Nonoperating income
(Investment Income, Nonoperating)
681,977233,22216,728  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   3,520 
Income (loss) from continuing operations before income taxes:358,712(183,491)(444,491)(227,869)(1,400)
Income tax expense(134,815)(35,690)   
Other undisclosed income from continuing operations    49,116 
Income (loss) from continuing operations:223,897(219,181)(444,491)(178,753)(1,400)
Income (loss) before gain (loss) on sale of properties:223,897(219,181)(444,491)(178,753)(1,400)
Other undisclosed net loss    (61,150) 
Net income (loss):223,897(219,181)(444,491)(239,903)(1,400)
Other undisclosed net income attributable to parent    12,034 
Net income (loss) attributable to parent:223,897(219,181)(444,491)(227,869)(1,400)
Other undisclosed net loss available to common stockholders, basic     
Net income (loss) available to common stockholders, diluted:223,897(219,181)(444,491)(227,869)(1,400)

Comprehensive Income (USD)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):223,897(219,181)(444,491)(239,903)(1,400)
Comprehensive income (loss), net of tax, attributable to parent:223,897(219,181)(444,491)(239,903)(1,400)

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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