COVA Acquisition Corp. (COVA) Financial Statements (2024 and earlier)

Company Profile

Business Address 530 BUSH STREET, SUITE 703
SAN FRANCISCO, CA 94108
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)

9/30/2022
MRQ
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,181
Cash and cash equivalents 7,181
Other undisclosed current assets 788,561
Total current assets: 795,742
Noncurrent Assets
Prepaid expense 75,616
Asset, held-in-trust 300,053,996
Total noncurrent assets: 300,129,612
TOTAL ASSETS: 300,925,354
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 507,310
Accrued liabilities 507,310
Due to related parties 17,384
Total current liabilities: 524,694
Noncurrent Liabilities
Liabilities, other than long-term debt 22,247,850
Deferred compensation liability, classified 10,500,000
Derivative instruments and hedges, liabilities 11,747,850
Total noncurrent liabilities: 22,247,850
Total liabilities: 22,772,544
Temporary equity, carrying amount 300,000,000
Equity
Equity, attributable to parent, including: (21,847,190)
Accumulated deficit (21,847,940)
Other undisclosed equity, attributable to parent 750
Total equity: (21,847,190)
TOTAL LIABILITIES AND EQUITY: 300,925,354

Income Statement (P&L) (USD)

9/30/2022
TTM
12/31/2021
Operating expenses (1,831,161)
Operating loss: (1,831,161)
Nonoperating income 13,492,551
Other nonoperating income 13,438,556
Income from continuing operations: 11,661,390
Income before gain (loss) on sale of properties:11,661,390
Other undisclosed net loss (53,995)
Net income available to common stockholders, diluted: 11,607,395

Comprehensive Income (USD)

9/30/2022
TTM
12/31/2021
Net income: 11,607,395
Comprehensive income, net of tax, attributable to parent: 11,607,395

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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