MicroAlgo Inc. (VENAF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
340 MADISON AVENUE,19TH FLOOR NEW YORK, NY 10173 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 42,746 | 32 | |||
| Cash and cash equivalent | 42,746 | 32 | |||
| Receivables | 2,602 | ||||
| Inventory, net of allowances, customer advances and progress billings | 131 | ||||
| Inventory | 131 | ||||
| Prepaid expense | 3,723 | 17 | |||
| Other undisclosed current assets | 6,008 | ||||
| Total current assets: | 55,211 | 49 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 145 | ||||
| Deposits noncurrent assets | 0 | ||||
| Asset, held-in-trust | 46,469 | ||||
| Other noncurrent assets | 16,731 | ||||
| Total noncurrent assets: | 16,876 | 46,469 | |||
| TOTAL ASSETS: | 72,087 | 46,518 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 2,042 | ||||
| Accrued liabilities | 55 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,987 | ||||
| Deferred revenue | 1,609 | ||||
| Due to related parties | 373 | ||||
| Other undisclosed current liabilities | 1,153 | 94 | |||
| Total current liabilities: | 4,803 | 467 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 31 | ||||
| Operating lease, liability | 31 | ||||
| Other undisclosed noncurrent liabilities | 241 | 1,560 | |||
| Total noncurrent liabilities: | 272 | 1,560 | |||
| Total liabilities: | 5,075 | 2,027 | |||
| Temporary equity, including noncontrolling interest | 46,469 | ||||
| Equity | |||||
| Equity, attributable to parent, including: | 66,756 | (1,978) | |||
| Common stock | 44 | 1 | |||
| Additional paid in capital | 47,394 | ||||
| Accumulated other comprehensive loss | (1,623) | ||||
| Retained earnings (accumulated deficit) | 19,142 | (1,979) | |||
| Other undisclosed equity, attributable to parent | 1,798 | ||||
| Equity, attributable to noncontrolling interest | 256 | ||||
| Total equity: | 67,011 | (1,978) | |||
| TOTAL LIABILITIES AND EQUITY: | 72,087 | 46,518 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 87,132 | |||
| Cost of revenue | (68,180) | |||
| Other undisclosed gross profit | (812) | |||
| Gross profit: | 18,952 | (812) | ||
| Operating expenses | (26,813) | (785) | ||
| Operating loss: | (7,861) | (1,598) | ||
| Nonoperating income (expense) | 376 | (27) | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,485) | (1,625) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 812 | |||
| Loss from continuing operations before income taxes: | (7,485) | (812) | ||
| Income tax expense (benefit) | 565 | |||
| Other undisclosed income from continuing operations | ||||
| Loss from continuing operations: | (6,920) | (812) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (812) | ||
| Other undisclosed net loss | (3,642) | |||
| Net loss: | (6,920) | (4,454) | ||
| Net income (loss) attributable to noncontrolling interest | (44) | |||
| Other undisclosed net income (loss) attributable to parent | 3,642 | |||
| Net loss attributable to parent: | (6,964) | (812) | ||
| Other undisclosed net income available to common stockholders, basic | ||||
| Net loss available to common stockholders, basic: | (6,964) | (812) | ||
| Other undisclosed net income available to common stockholders, diluted | ||||
| Net loss available to common stockholders, diluted: | (6,964) | (812) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net loss: | (6,920) | (4,454) | ||
| Other comprehensive income (loss) | (11,481) | |||
| Other undisclosed comprehensive loss | ||||
| Comprehensive loss: | (18,401) | (4,454) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (5) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 6,931 | |||
| Comprehensive loss, net of tax, attributable to parent: | (11,476) | (4,454) | ||
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.