Kingswood Acquisition Corp. (KWAC) financial statements (2022 and earlier)

Company profile

Business Address 17 BATTERY PLACE
NEW YORK, NY 10004
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
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8381,458
Cash and cash equivalents8381,458
Prepaid expense133293
Total current assets:9711,751
Noncurrent Assets
Assets held-in-trust117,862117,850
Total noncurrent assets:117,862117,850
TOTAL ASSETS:118,833119,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75880
Accounts payable75880
Due to related parties22
Total current liabilities:76081
Noncurrent Liabilities
Other undisclosed noncurrent liabilities10,46811,227
Total noncurrent liabilities:10,46811,227
Total liabilities:11,22811,309
Temporary equity, carrying amount117,862117,850
Stockholders' equity
Stockholders' equity attributable to parent, including:(10,257)(9,558)
Accumulated deficit(10,257)(9,558)
Other undisclosed stockholders' equity attributable to parent00
Total stockholders' equity:(10,257)(9,558)
TOTAL LIABILITIES AND EQUITY:118,833119,600

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

12/31/2021
12/31/2020
Gross profit:(1,209) 
Operating loss:(1,209) 
Nonoperating income763 
Loss from continuing operations before income taxes:(446) 
Income tax benefit204 
Loss before gain (loss) on sale of properties:(242) 
Other undisclosed net loss(204) 
Net loss attributable to parent:(446) 
Preferred stock dividends and other adjustments(12) 
Net loss available to common stockholders, diluted:(458) 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net loss:(446) 
Comprehensive loss, net of tax, attributable to parent:(446) 

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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