Digital World Acquisition Corp. (DWAC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
5910 PACIFIC CENTER BLVD., SUITE 300 SAN DIEGO, CA 92121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 327,731 | |||
| Cash and cash equivalents | 327,731 | |||
| Prepaid expense | 240,972 | |||
| Total current assets: | 568,703 | |||
| Noncurrent Assets | ||||
| Prepaid expense | 165,051 | |||
| Asset, held-in-trust | 293,257,098 | |||
| Total noncurrent assets: | 293,422,149 | |||
| TOTAL ASSETS: | 293,990,852 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 483,535 | |||
| Accrued liabilities | 483,535 | |||
| Debt | ||||
| Due to related parties | ||||
| Other undisclosed current liabilities | 200,000 | |||
| Total current liabilities: | 683,535 | |||
| Noncurrent Liabilities | ||||
| Other undisclosed noncurrent liabilities | 10,062,500 | |||
| Total noncurrent liabilities: | 10,062,500 | |||
| Total liabilities: | 10,746,035 | |||
| Temporary equity, carrying amount | ||||
| Equity | ||||
| Equity, attributable to parent, including: | (10,005,183) | |||
| Accumulated deficit | (10,006,029) | |||
| Other undisclosed equity, attributable to parent | 846 | |||
| Other undisclosed equity | 293,250,000 | |||
| Total equity: | 283,244,817 | |||
| TOTAL LIABILITIES AND EQUITY: | 293,990,852 | |||
Income Statement (P&L) (USD)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Operating expenses | (1,191,593) | ||
| Other undisclosed operating loss | (200,000) | ||
| Operating loss: | (1,391,593) | ||
| Nonoperating income (Investment Income, Nonoperating) | 7,098 | ||
| Loss from continuing operations before income taxes: | (1,384,495) | ||
| Income tax expense (benefit) | 329,408 | ||
| Loss from continuing operations: | (1,055,087) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (1,055,087) | |
| Other undisclosed net loss | (329,408) | ||
| Net loss attributable to parent: | (1,384,495) | ||
| Preferred stock dividends and other adjustments | (19,980,528) | ||
| Net loss available to common stockholders, diluted: | (21,365,023) | ||
Comprehensive Income (USD)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Net loss: | (1,384,495) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,384,495) | ||
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.