Belpointe PREP, LLC (OZ) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
255 GLENVILLE ROAD GREENWICH, CT 06831 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 143,467 | 192,131 | |||
| Cash and cash equivalents | 143,467 | 192,131 | |||
| Total current assets: | 143,467 | 192,131 | |||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset, after accumulated amortization | 5,000 | ||||
| Property, plant and equipment | 38,741 | 700 | |||
| Intangible assets, net (including goodwill) | 8,704 | 9,289 | |||
| Intangible assets, net (excluding goodwill) | 8,704 | 9,289 | |||
| Total noncurrent assets: | 52,445 | 9,989 | |||
| Other undisclosed assets | 158,083 | 139,306 | |||
| TOTAL ASSETS: | 353,995 | 341,426 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Debt | 10,790 | ||||
| Other liabilities | |||||
| Total current liabilities: | 10,790 | ||||
| Noncurrent Liabilities | |||||
| Other undisclosed liabilities | 21,343 | 6,761 | |||
| Total liabilities: | 21,343 | 17,551 | |||
| Equity | |||||
| Other undisclosed equity | 332,652 | 323,875 | |||
| Total equity: | 332,652 | 323,875 | |||
| TOTAL LIABILITIES AND EQUITY: | 353,995 | 341,426 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 1,391 | 997 | ||
| Operating lease, lease income | 1,160 | |||
| Gross profit: | 1,391 | 997 | ||
| Operating expenses | (10,898) | (4,652) | ||
| Operating loss: | (9,507) | (3,655) | ||
| Nonoperating income | 1,381 | 613 | ||
| Gain on contract termination | 251 | |||
| Other nonoperating expense | (469) | (7) | ||
| Interest and debt expense | (100) | |||
| Loss from continuing operations before equity method investments, income taxes: | (8,226) | (3,042) | ||
| Other undisclosed income from continuing operations before income taxes | 100 | |||
| Loss from continuing operations before income taxes: | (8,126) | (3,042) | ||
| Income tax expense | (112) | |||
| Loss from continuing operations: | (8,238) | (3,042) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (3,042) | ||
| Net loss: | (8,238) | (3,042) | ||
| Net income (loss) attributable to noncontrolling interest | 555 | (93) | ||
| Net loss available to common stockholders, diluted: | (7,683) | (3,135) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net loss: | (8,238) | (3,042) | ||
| Comprehensive loss: | (8,238) | (3,042) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 555 | (93) | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,683) | (3,135) | ||
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.