Adara Acquisition Corp. (ADRA) financial statements (2022 and earlier)

Company profile

Business Address 8845 RED OAK BOULEVARD
CHARLOTTE, NC 28217
State of Incorp. DE
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments724
Cash and cash equivalents724
Prepaid expense199
Total current assets:924
Noncurrent Assets
Assets held-in-trust116,160
Total noncurrent assets:116,160
TOTAL ASSETS:117,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other undisclosed current liabilities440
Total current liabilities:440
Noncurrent Liabilities
Other undisclosed noncurrent liabilities4,861
Total noncurrent liabilities:4,861
Total liabilities:5,301
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,367)
Accumulated deficit(4,367)
Other undisclosed stockholders' equity attributable to parent0
Other undisclosed stockholders' equity116,150
Total stockholders' equity:111,783
TOTAL LIABILITIES AND EQUITY:117,084

Income statement (P&L) ($ in thousands)

12/31/2021
Operating expenses(977)
Operating loss:(977)
Nonoperating income4,221
Income from continuing operations before income taxes:3,244
Income tax benefit221
Income before gain (loss) on sale of properties:3,465
Other undisclosed net loss(221)
Net income attributable to parent:3,244
Preferred stock dividends and other adjustments(7,919)
Net loss available to common stockholders, diluted:(4,675)

Comprehensive Income ($ in thousands)

12/31/2021
Net income:3,244
Comprehensive income, net of tax, attributable to parent:3,244

Statements sources

The financial statements are based on the company's filings with the 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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