Flag Ship Acquisition Corporation: 10-K filed 2025-03-04

Name: Flag Ship Acquisition Corporation: 10-K filed 2025-03-04
Creator: Flag Ship Acquisition Corporation

What Flag Ship Acquisition Corporation reported in its annual report filed 2025-03-04 (fiscal FY 2024): 19 published measures, 36 facts as tagged in accession 0001829126-25-001450.

This filing

Form: 10-K (annual report)
Filed: 2025-03-04
Fiscal period: fiscal FY 2024
Accession: 0001829126-25-001450 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 Flag Ship Acquisition Corporation 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 2024-12-31	70,971,620	USD
At 2023-12-31	150,548	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-12-31	2,437,221	USD
At 2023-12-31	433,554	USD

Stockholders equity

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

Period	Value	Unit
At 2024-12-31	-2,264,737	USD
At 2023-12-31	-283,006	USD
At 2022-12-31	-220,607	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
2024-01-01 to 2024-12-31	909,838	USD	366
2023-01-01 to 2023-12-31	-62,399	USD	365

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
2024-01-01 to 2024-12-31	-876,327	USD	366
2023-01-01 to 2023-12-31	-66,778	USD	365

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
2024-01-01 to 2024-12-31	69,836,864	USD	366
2023-01-01 to 2023-12-31	580	USD	365

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
2024-01-01 to 2024-12-31	-69,000,000	USD	366

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 2024-12-31	-2,266,700	USD
At 2023-12-31	-308,006	USD

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 2024-12-31	172,484	USD
At 2023-12-31	120,548	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 2024-12-31	712,221	USD
At 2023-12-31	433,554	USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2024-12-31	1,963,000	shares
At 2023-12-31	1,725,000	shares

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 2024-12-31	76,747	USD
At 2023-12-31	116,210	USD
At 2022-12-31	182,408	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2023-12-31	23,275	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2024-12-31	34,370	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
2024-01-01 to 2024-12-31	909,838	USD	366
2023-01-01 to 2023-12-31	-62,399	USD	365

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
2024-01-01 to 2024-12-31	909,838	USD	366
2023-01-01 to 2023-12-31	-62,399	USD	365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	909,838	USD	366
2023-01-01 to 2023-12-31	-62,399	USD	365

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
2024-01-01 to 2024-12-31	889,298	USD	366
2023-01-01 to 2023-12-31	62,399	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	5,000,001	USD	366

Inspect the source

Entity: Flag Ship Acquisition Corporation / CIK 0001850059
Captured: 2026-09-21T17:21:25.242Z
SEC response SHA-256: a012edf31ea3f0e31e2fb4b49ce08566f791c47c8b07aef85e295b192abea817

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001850059.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"])))