Black Ridge Acquisition Corp. (BRAC) financial statements (2020 and earlier)

Company profile

Business Address 17877 VON KARMAN AVENUE, SUITE 300
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End December 31
SIC 79 - Amusement And Recreation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments800
Cash and cash equivalents800
Receivables2  
Prepaid expense 00
Deferred costs  0
Other undisclosed current assets5  
Total current assets:1600
Noncurrent Assets
Property, plant and equipment21  
Intangible assets, net (including goodwill)19  
Goodwill4  
Intangible assets, net (excluding goodwill)15  
Assets held-in-trust 141139
Other undisclosed noncurrent assets16  
Total noncurrent assets:56141139
TOTAL ASSETS:71141139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:400
Accrued liabilities1  
Employee-related liabilities1  
Taxes payable 00
Other undisclosed accounts payable and accrued liabilities2(0)(0)
Debt13  
Due to related parties100
Deferred tax liabilities0 
Other undisclosed current liabilities700
Total current liabilities:2510
Noncurrent Liabilities
Liabilities, other than long-term debt2  
Deferred rent credit2 
Total noncurrent liabilities:2  
Total liabilities:2710
Stockholders' equity
Stockholders' equity attributable to parent4455
Common stock000
Additional paid in capital16145
Accumulated other comprehensive income0  
Retained earnings (accumulated deficit)(117)10
Other undisclosed stockholders' equity 135134
Total stockholders' equity:44140139
TOTAL LIABILITIES AND EQUITY:71141139

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

12/31/2019
12/31/2018
12/31/2017
Revenues26  
Cost of revenue(19)  
Gross profit:7  
Operating expenses(23)(1) 
Operating loss:(16)(1) 
Nonoperating income (expense)(1)3 
Other nonoperating income 3 
Interest and debt expense(1)  
Income (loss) from continuing operations before equity method investments, income taxes:(18)2 
Other undisclosed income from continuing operations before income taxes1  
Income (loss) from continuing operations before income taxes:(17)2 
Income tax expense (1) 
Income (loss) before gain (loss) on sale of properties:(17)1 
Other undisclosed net loss (2) 
Net loss:(17)(1) 
Other undisclosed net income attributable to parent 2 
Net income (loss) available to common stockholders, diluted:(17)1 

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net loss:(17)(1) 
Other comprehensive loss(0)  
Comprehensive loss, net of tax, attributable to parent:(17)(1) 

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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