Fortune Rise Acquisition Corp financial data

Location
Clearwater, FL
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2024 - 14 Nov 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 0.78% % -91%
Debt-to-equity -101% % 6.1%
Return On Equity 15% %
Return On Assets -4.4% % -600%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1,508,683 shares

Income Statement

Label TTM Value / Value Unit Change %
Operating Income (Loss) $2,010,770 USD -15%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1,439,149 USD -198%
Income Tax Expense (Benefit) $106,025 USD -87%
Net Income (Loss) Attributable to Parent $1,545,174 USD -349%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $8,446 USD -92%
Assets, Current $29,237 USD -90%
Assets $36,357,004 USD -8.7%
Liabilities, Current $7,951,783 USD 63%
Liabilities $11,373,033 USD 37%
Retained Earnings (Accumulated Deficit) $11,170,135 USD -39%
Stockholders' Equity Attributable to Parent $11,169,825 USD -39%
Liabilities and Equity $36,357,004 USD -8.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $215,929 USD 75%
Net Cash Provided by (Used in) Financing Activities $590,000 USD -63%
Net Cash Provided by (Used in) Investing Activities $380,000 USD 51%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $5,929 USD 70%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $8,446 USD -92%
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 3.92 pure 1278%
Deferred Income Tax Expense (Benefit) $0 USD -100%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 2,000,000 shares 0%
Unrecognized Tax Benefits $0 USD
Preferred Stock, Shares Outstanding 0 shares
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%