AVALON ACQUISITION INC.: 10-Q filed 2023-05-12

Name: AVALON ACQUISITION INC.: 10-Q filed 2023-05-12
Creator: AVALON ACQUISITION INC.

What AVALON ACQUISITION INC. reported in its quarterly report filed 2023-05-12 (fiscal Q1 2023): 20 published measures, 41 facts as tagged in accession 0001731122-23-000893.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-05-12
Fiscal period: fiscal Q1 2023
Accession: 0001731122-23-000893 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 AVALON ACQUISITION 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 2023-03-31	216,645,784	USD
At 2022-12-31	212,580,670	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-03-31	10,877,382	USD
At 2022-12-31	9,420,063	USD

Stockholders equity

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

Period	Value	Unit
At 2023-03-31	-9,770,562	USD
At 2022-12-31	-8,710,696	USD
At 2022-03-31	-11,503,582	USD
At 2021-12-31	-15,154,936	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 2023-03-31	112,161	USD
At 2022-12-31	323,525	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
2023-01-01 to 2023-03-31	537,795	USD	90
2022-01-01 to 2022-03-31	3,651,354	USD	90

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
2023-01-01 to 2023-03-31	-252,014	USD	90
2022-01-01 to 2022-03-31	-306,573	USD	90

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
2023-01-01 to 2023-03-31	2,070,000	USD	90

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
2023-01-01 to 2023-03-31	-2,029,350	USD	90

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2023-03-31	-9,771,095	USD
At 2022-12-31	-8,711,229	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
2023-01-01 to 2023-03-31	-619,800	USD	90

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 2023-03-31	316,370	USD
At 2022-12-31	548,717	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 2023-03-31	1,506,132	USD
At 2022-12-31	639,438	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2023-03-31	817,332	USD
At 2022-12-31	580,438	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	519,891	USD	90
2022-01-01 to 2022-03-31	149,803	USD	90

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 2023-03-31	112,161	USD
At 2022-12-31	323,525	USD
At 2022-03-31	730,120	USD
At 2021-12-31	1,036,693	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2023-03-31	667,000	USD
At 2022-12-31	527,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	1,157,595	USD	90
2022-01-01 to 2022-03-31	3,651,354	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	439,241	USD	90
2022-01-01 to 2022-03-31	69,753	USD	90

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	619,800	USD	90
2022-01-01 to 2022-03-31	0	USD	90

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	236,894	USD	90
2022-01-01 to 2022-03-31	-36,111	USD	90

Inspect the source

Entity: AVALON ACQUISITION INC. / CIK 0001836478
Captured: 2026-09-23 03:01 UTC
SEC response SHA-256: 74e97f5c7d94666ef24d0ece55259ba5e1fc7d799bfa8db5b846c07763f70f29

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

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001836478.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"])))