East Resources Acquisition Company (ERESU) Financial Statements (2023 and earlier)

Company Profile

Business Address 7777 NW BEACON SQUARE BLVD
BOCA RATON, FL 33487
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6282 - Investment Advice (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,572853,130589,685
Cash and cash equivalents86,572853,130589,685
Prepaid expense64,91491,625234,750
Total current assets:151,486944,755824,435
Noncurrent Assets
Asset, held-in-trust99,222,704345,048,888345,026,104
Total noncurrent assets:99,222,704345,048,888345,026,104
TOTAL ASSETS:99,374,190345,993,643345,850,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,227,518144,254141,315
Accounts payable   
Accrued liabilities9,227,518144,254141,315
Due to related parties4,924,3561,500,000 
Other undisclosed current liabilities   
Total current liabilities:14,151,8741,644,254141,315
Noncurrent Liabilities
Liabilities, other than long-term debt  12,075,00012,075,000
Deferred revenue  12,075,00012,075,000
Other undisclosed noncurrent liabilities   
Total noncurrent liabilities: 12,075,00012,075,000
Other undisclosed liabilities 4,628,73515,511,80032,711,000
Total liabilities:18,780,60929,231,05444,927,315
Equity
Equity, attributable to parent, including:(18,389,856)(28,237,411)(44,076,776)
Additional paid in capital 24,13724,13724,137
Accumulated deficit(18,414,856)(28,262,411)(44,101,776)
Other undisclosed equity, attributable to parent863863863
Other undisclosed equity98,983,437345,000,000345,000,000
Total equity:80,593,581316,762,589300,923,224
TOTAL LIABILITIES AND EQUITY:99,374,190345,993,643345,850,539

Income Statement (P&L) (USD)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Gross profit:  (236,417) 
Operating expenses (240,000) 
Operating loss: (476,417) 
Nonoperating income11,131,20817,222,046 
Income from continuing operations before equity method investments, income taxes:11,131,20816,745,629 
Other undisclosed loss from continuing operations before income taxes(11,722,287)  
Income (loss) from continuing operations before income taxes:(591,079)16,745,629 
Income tax expense (benefit)(52,485)380,192 
Income (loss) from continuing operations:(643,564)17,125,821 
Income (loss) before gain (loss) on sale of properties:17,125,821
Other undisclosed net loss (1,286,456) 
Net income (loss) available to common stockholders, diluted:(643,564)15,839,365 

Comprehensive Income (USD)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(643,564)15,839,365 
Comprehensive income (loss), net of tax, attributable to parent:(643,564)15,839,365 

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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