Electric Last Mile Solutions, Inc. (ELMS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1055 W. SQUARE LAKE ROAD
TROY, MI 48098
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2021
MRQ
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,555,497
Cash and cash equivalents 1,555,497
Prepaid expense 157,486
Total current assets: 1,712,983
Noncurrent Assets
Asset, held-in-trust 250,066,590
Total noncurrent assets: 250,066,590
TOTAL ASSETS: 251,779,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,329,929
Accrued liabilities 3,329,929
Total current liabilities: 3,329,929
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 38,609,848
Total noncurrent liabilities: 38,609,848
Total liabilities: 41,939,777
Temporary equity, carrying amount 204,839,790
Equity
Equity, attributable to parent, including: 5,000,006
Additional paid in capital 34,362,236
Accumulated deficit (29,363,381)
Other undisclosed equity, attributable to parent 1,151
Total equity: 5,000,006
TOTAL LIABILITIES AND EQUITY: 251,779,573

Income Statement (P&L) (USD)

9/30/2021
TTM
12/31/2020
Operating expenses (3,617,022)
Operating loss: (3,617,022)
Nonoperating expense
(Other Nonoperating expense)
 (25,744,203)
Loss from continuing operations: (29,361,225)
Loss before gain (loss) on sale of properties:(29,361,225)
Net loss available to common stockholders, diluted: (29,361,225)

Comprehensive Income (USD)

9/30/2021
TTM
12/31/2020
Net loss: (29,361,225)
Comprehensive loss, net of tax, attributable to parent: (29,361,225)

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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