FTAC Parnassus Acquisition Corp. (FTPA) financial statements (2022 and earlier)

Company profile

Business Address 2929 ARCH STREET STE 1703
PHILADELPHIA, PA 19104
State of Incorp. DE
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments811
Cash and cash equivalents811
Prepaid expense300
Total current assets:1,111
Noncurrent Assets
Other undisclosed noncurrent assets250,020
Total noncurrent assets:250,020
TOTAL ASSETS:251,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities249
Accrued liabilities87
Taxes payable162
Total current liabilities:249
Noncurrent Liabilities
Liabilities, other than long-term debt18,057
Deferred revenue10,600
Derivative instruments and hedges, liabilities7,457
Total noncurrent liabilities:18,057
Total liabilities:18,306
Temporary equity, carrying amount250,000
Stockholders' equity
Stockholders' equity attributable to parent, including:(17,175)
Common stock1
Accumulated deficit(17,176)
Other undisclosed stockholders' equity attributable to parent0
Total stockholders' equity:(17,175)
TOTAL LIABILITIES AND EQUITY:251,131

Income statement (P&L) ($ in thousands)

12/31/2021
Operating expenses(1,134)
Operating loss:(1,134)
Nonoperating income951
Loss from continuing operations before income taxes:(184)
Income tax benefit234
Income before gain (loss) on sale of properties:50
Other undisclosed net loss(234)
Net loss attributable to parent:(184)
Preferred stock dividends and other adjustments15,005
Net income available to common stockholders, diluted:14,821

Comprehensive Income ($ in thousands)

12/31/2021
Net loss:(184)
Comprehensive loss, net of tax, attributable to parent:(184)

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.

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