ExcelFin Acquisition Corp (XFIN) Financial Statements (2024 and earlier)

Company Profile

Business Address 473 JACKSON ST. SUITE 300
SAN FRANCISCO, CA 94111
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351,432896,517
Cash and cash equivalents351,432896,517
Prepaid expense457,974569,788
Total current assets:809,4061,466,305
Noncurrent Assets
Prepaid expense  457,974
Asset, held-in-trust237,735,165234,609,686
Total noncurrent assets:237,735,165235,067,660
TOTAL ASSETS:238,544,571236,533,965
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:310,901212,349
Accrued liabilities620,346 
Other undisclosed accounts payable and accrued liabilities(309,445)212,349
Due to related parties538,55881,058
Other undisclosed current liabilities1,547,343715,907
Total current liabilities:2,396,8021,009,314
Noncurrent Liabilities
Other undisclosed noncurrent liabilities8,050,0008,050,000
Total noncurrent liabilities:8,050,0008,050,000
Total liabilities:10,446,8029,059,314
Equity
Equity, attributable to parent, including:(8,805,961)(7,125,349)
Accumulated deficit(8,806,536)(7,125,924)
Other undisclosed equity, attributable to parent575575
Other undisclosed equity236,903,730234,600,000
Total equity:228,097,769227,474,651
TOTAL LIABILITIES AND EQUITY:238,544,571236,533,965

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Cost of goods and services sold(457,500) 
Gross profit:(784,291) 
Operating expenses(1,260,378) 
Operating loss:(2,044,669) 
Nonoperating income
(Investment Income, Nonoperating)
3,288,133 
Income (loss) from continuing operations before income taxes:1,243,464 
Income tax expense(620,346) 
Net income (loss) attributable to parent:623,118 
Preferred stock dividends and other adjustments(2,303,730) 
Other undisclosed net loss available to common stockholders, basic  
Net loss available to common stockholders, diluted:(1,680,612) 

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):623,118 
Comprehensive income (loss), net of tax, attributable to parent:623,118 

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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