Avalon Acquisition Inc. (AVAC) financial statements (2022 and earlier)

Company profile

Business Address 2 EMBARCADERO CENTER,
SAN FRANCISCO, CA 94111
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 investments1,037
Cash and cash equivalents1,037
Prepaid expense523
Total current assets:1,560
Noncurrent Assets
Other undisclosed noncurrent assets210,109
Total noncurrent assets:210,109
TOTAL ASSETS:211,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities260
Accounts payable137
Taxes payable123
Total current liabilities:260
Noncurrent Liabilities
Other undisclosed noncurrent liabilities16,459
Total noncurrent liabilities:16,459
Total liabilities:16,719
Stockholders' equity
Stockholders' equity attributable to parent, including:(15,155)
Accumulated deficit(15,155)
Other undisclosed stockholders' equity attributable to parent1
Other undisclosed stockholders' equity210,105
Total stockholders' equity:194,950
TOTAL LIABILITIES AND EQUITY:211,669

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

12/31/2021
Operating expenses(435)
Other undisclosed operating income556
Operating income:120
Income from continuing operations before income taxes:120
Income tax benefit129
Income before gain (loss) on sale of properties:249
Other undisclosed net income3,565
Net income attributable to parent:3,814
Preferred stock dividends and other adjustments(210,105)
Net loss available to common stockholders, diluted:(206,291)

Comprehensive Income ($ in thousands)

12/31/2021
Net income:3,814
Comprehensive income, net of tax, attributable to parent:3,814

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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