Megalith Financial Acquisition Corp. (MFAC) financial statements (2021 and earlier)

Company profile

Business Address 201 KING OF PRUSSIA ROAD
WAYNE, PA 19087
State of Incorp. NY
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments001
Cash and cash equivalents001
Other undisclosed current assets000
Total current assets:011
Noncurrent Assets
Long-term investments and receivables28175172
Long-term investments28175172
Other undisclosed noncurrent assets20  
Total noncurrent assets:48175172
TOTAL ASSETS:48176173
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities210
Accounts payable200
Taxes payable 10
Due to related parties0  
Other undisclosed current liabilities2000
Total current liabilities:2211
Noncurrent Liabilities
Liabilities, other than long-term debt7  
Deferred revenue7 
Other undisclosed noncurrent liabilities 77
Total noncurrent liabilities:777
Total liabilities:2987
Temporary equity, carrying amount14163161
Stockholders' equity
Stockholders' equity attributable to parent, including:555
Additional paid in capital325
Retained earnings230
Other undisclosed stockholders' equity attributable to parent000
Total stockholders' equity:555
TOTAL LIABILITIES AND EQUITY:48176173

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

12/31/2020
12/31/2019
12/31/2018
Operating expenses(2)(1)(1)
Other operating expense, net
(Other Expenses)
  (0)
Operating loss:(2)(1)(1)
Nonoperating income241
Income (loss) from continuing operations before equity method investments, income taxes:(1)30
Other undisclosed income from continuing operations before income taxes  0
Income (loss) from continuing operations before income taxes:(1)31
Income tax expense(0)(1)(0)
Net income (loss) available to common stockholders, diluted:(1)20

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1)20
Comprehensive income (loss), net of tax, attributable to parent:(1)20

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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