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 investments | 8 | 0 | 0 | ||
| Cash and cash equivalents | 8 | 0 | 0 | ||
| Receivables | 2 | ||||
| Prepaid expense | 0 | 0 | |||
| Deferred costs | 0 | ||||
| Other undisclosed current assets | 5 | ||||
| Total current assets: | 16 | 0 | 0 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 21 | ||||
| Intangible assets, net (including goodwill) | 19 | ||||
| Goodwill | 4 | ||||
| Intangible assets, net (excluding goodwill) | 15 | ||||
| Assets held-in-trust | 141 | 139 | |||
| Other undisclosed noncurrent assets | 16 | ||||
| Total noncurrent assets: | 56 | 141 | 139 | ||
| TOTAL ASSETS: | 71 | 141 | 139 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 4 | 0 | 0 | ||
| Accrued liabilities | 1 | ||||
| Employee-related liabilities | 1 | ||||
| Taxes payable | 0 | 0 | |||
| Other undisclosed accounts payable and accrued liabilities | 2 | (0) | (0) | ||
| Debt | 13 | ||||
| Due to related parties | 1 | 0 | 0 | ||
| Deferred tax liabilities | ✕ | 0 | |||
| Other undisclosed current liabilities | 7 | 0 | 0 | ||
| Total current liabilities: | 25 | 1 | 0 | ||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 2 | ||||
| Deferred rent credit | 2 | ✕ | |||
| Total noncurrent liabilities: | 2 | ||||
| Total liabilities: | 27 | 1 | 0 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 44 | 5 | 5 | ||
| Common stock | 0 | 0 | 0 | ||
| Additional paid in capital | 161 | 4 | 5 | ||
| Accumulated other comprehensive income | 0 | ||||
| Retained earnings (accumulated deficit) | (117) | 1 | 0 | ||
| Other undisclosed stockholders' equity | 135 | 134 | |||
| Total stockholders' equity: | 44 | 140 | 139 | ||
| TOTAL LIABILITIES AND EQUITY: | 71 | 141 | 139 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|
| Revenues | 26 | |||
| 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 taxes | 1 | |||
| 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.