System1, Inc.: 10-Q filed 2021-11-16

Name: System1, Inc.: 10-Q filed 2021-11-16
Creator: System1, Inc.

What System1, Inc. reported in its quarterly report filed 2021-11-16 (fiscal Q2 2021): 17 published measures, 53 facts as tagged in accession 0001104659-21-140097.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-11-16
Fiscal period: fiscal Q2 2021
Accession: 0001104659-21-140097 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All System1, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-09-30	517,798,982	USD
At 2020-12-31	518,553,433	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-09-30	57,668,899	USD
At 2020-12-31	82,385,425	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2021-09-30	-57,369,917	USD
At 2021-06-30	-63,469,606	USD
At 2021-03-31	-60,774,458	USD
At 2020-12-31	-81,331,992	USD
At 2020-09-30	-60,849,686	USD
At 2020-06-30	-59,905,915	USD
At 2020-03-31	20,016	USD
At 2020-02-10	0	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2021-09-30	177,107	USD
At 2020-12-31	843,643	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	6,099,689	USD	92
2021-01-01 to 2021-09-30	23,962,075	USD	273
2021-04-01 to 2021-06-30	-2,695,148	USD	91
2021-01-01 to 2021-03-31	20,557,534	USD	90
2020-07-01 to 2020-09-30	-943,771	USD	92
2020-02-11 to 2020-09-30	-9,432,442	USD	233
2020-04-01 to 2020-06-30	-8,483,687	USD	91
2020-02-11 to 2020-03-31	-4,984	USD	50

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	-1,116,536	USD	273
2020-02-11 to 2020-09-30	-356,778	USD	233

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	450,000	USD	273
2020-02-11 to 2020-09-30	518,746,411	USD	233

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-02-11 to 2020-09-30	-517,500,000	USD	233

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit
At 2021-09-30	-57,371,211	USD
At 2021-06-30	-63,470,900	USD
At 2021-03-31	-60,775,752	USD
At 2020-12-31	-81,333,286	USD
At 2020-09-30	-60,850,980	USD
At 2020-06-30	-59,907,209	USD
At 2020-06-19	-52,804,572	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	0	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	-780,811	USD	92
2021-01-01 to 2021-09-30	-2,746,966	USD	273
2020-07-01 to 2020-09-30	-173,155	USD	92
2020-02-11 to 2020-09-30	-210,021	USD	233

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-09-30	298,982	USD
At 2020-12-31	1,053,433	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-09-30	2,605,565	USD
At 2020-12-31	613,050	USD

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2021-09-30	177,107	USD
At 2020-12-31	843,643	USD
At 2020-09-30	889,633	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	23,962,075	USD	273
2020-02-11 to 2020-09-30	-9,432,442	USD	233

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	6,880,500	USD	92
2021-01-01 to 2021-09-30	26,709,041	USD	273
2020-07-01 to 2020-09-30	-770,616	USD	92
2020-02-11 to 2020-09-30	-9,222,421	USD	233

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2020-02-11 to 2020-09-30	25,000	USD	233

Inspect the source

Entity: System1, Inc. / CIK 0001805833
Captured: 2026-09-21T17:33:20.145Z
SEC response SHA-256: 130eaa4721dfc0998735231b9a0dc3e959a5cc8a75852610b06a819312ffe319

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001805833.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))