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Borealis Foods Inc.: 10-Q filed 2024-08-14

What Borealis Foods Inc. reported in its quarterly report filed 2024-08-14 (fiscal Q2 2024): 41 published measures, 122 facts as tagged in accession 0001628280-24-037185.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-14
Fiscal period
fiscal Q2 2024
Accession
0001628280-24-037185 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 Borealis Foods Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2024-06-3063,594,502USD
At 2023-12-3165,786,342USD

Total liabilities

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

PeriodValueUnitDays
At 2024-06-3053,692,552USD
At 2023-12-3187,133,637USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-309,901,950USD
At 2024-03-3116,199,690USD
At 2023-12-31-21,347,295USD
At 2023-06-30-9,305,928USD
At 2023-03-31-1,102,369USD
At 2022-12-314,639,657USD

Net income or loss

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30-6,297,740USD91
2024-01-01 to 2024-06-30-14,729,362USD182
2024-01-01 to 2024-03-31-8,431,622USD91
2023-04-01 to 2023-06-30-8,301,995USD91
2023-01-01 to 2023-06-30-14,237,575USD181
2023-01-01 to 2023-03-31-5,935,580USD90

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-11,003,491USD182
2023-01-01 to 2023-06-30-11,209,254USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,065,305USD182
2023-01-01 to 2023-06-302,854,647USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2024-04-01 to 2024-06-305,325,280USD91
2024-01-01 to 2024-06-3013,220,713USD182
2023-04-01 to 2023-06-306,447,084USD91
2023-01-01 to 2023-06-3014,801,858USD181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2024-04-01 to 2024-06-305,476,476USD91
2024-01-01 to 2024-06-3013,960,497USD182
2023-04-01 to 2023-06-306,826,725USD91
2023-01-01 to 2023-06-3015,605,266USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-307,728,409USD182
2023-01-01 to 2023-06-3021,629,204USD181

Investing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-1,211,808USD182
2023-01-01 to 2023-06-30-2,854,647USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-06-30-80,194,738USD
At 2023-12-31-65,465,376USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2024-04-01 to 2024-06-3021,378,890shares91
2024-01-01 to 2024-06-3019,229,233shares182
2023-04-01 to 2023-06-3010,731,583shares91
2023-01-01 to 2023-06-3010,731,583shares181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2024-04-01 to 2024-06-3021,378,890shares91
2024-01-01 to 2024-06-3019,229,233shares182
2023-04-01 to 2023-06-3010,731,583shares91
2023-01-01 to 2023-06-3010,731,583shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-0.29USD/shares91
2024-01-01 to 2024-06-30-0.77USD/shares182
2023-04-01 to 2023-06-30-0.77USD/shares91
2023-01-01 to 2023-06-30-1.33USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-0.29USD/shares91
2024-01-01 to 2024-06-30-0.77USD/shares182
2023-04-01 to 2023-06-30-0.77USD/shares91
2023-01-01 to 2023-06-30-1.33USD/shares181

Income tax expense or benefit

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

PeriodValueUnitDays
2024-04-01 to 2024-06-3014,116USD91
2024-01-01 to 2024-06-3014,116USD182
2023-04-01 to 2023-06-3015,216USD91
2023-01-01 to 2023-06-3015,092USD181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-06-3046,063,648USD
At 2023-12-3146,408,540USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,273,053USD182
2023-01-01 to 2023-06-30291,990USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-5,189,347USD91
2024-01-01 to 2024-06-30-12,162,361USD182
2023-04-01 to 2023-06-30-6,448,137USD91
2023-01-01 to 2023-06-30-11,012,254USD181

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.

PeriodValueUnitDays
At 2024-06-3015,146,038USD
At 2023-12-3117,182,292USD

Current liabilities

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

PeriodValueUnitDays
At 2024-06-3028,656,274USD
At 2023-12-3167,303,788USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2024-06-301,917,356USD
At 2023-12-311,917,356USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-06-302,545,286USD
At 2023-12-311,775,756USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2024-06-307,660,596USD
At 2023-12-316,945,028USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-30422,322USD91
2024-01-01 to 2024-06-30664,896USD182
2023-04-01 to 2023-06-30-1,039,071USD91
2023-01-01 to 2023-06-30-1,383,557USD181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2024-04-01 to 2024-06-305,611,669USD91
2024-01-01 to 2024-06-3012,827,257USD182
2023-04-01 to 2023-06-305,409,066USD91
2023-01-01 to 2023-06-309,628,697USD181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2024-04-01 to 2024-06-3050,000USD91
2024-01-01 to 2024-06-3086,000USD182
2023-04-01 to 2023-06-300USD91
2023-01-01 to 2023-06-30200,000USD181

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.

PeriodValueUnitDays
At 2024-06-303,128,740USD
At 2023-12-317,615,630USD
At 2023-06-3012,711,919USD
At 2022-12-315,146,616USD

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.

PeriodValueUnitDays
At 2024-06-3090,096,688USD
At 2023-12-3144,118,081USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2024-06-3058,826,157USD
At 2023-12-3157,781,625USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2024-06-3012,762,509USD
At 2023-12-3111,373,085USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2024-06-30210,078USD
At 2023-12-310USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-30169,685USD
At 2023-12-31169,685USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2024-06-301,566,233USD
At 2023-12-311,566,233USD

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-6,297,740USD91
2024-01-01 to 2024-06-30-14,729,362USD182
2023-04-01 to 2023-06-30-8,301,995USD91
2023-01-01 to 2023-06-30-14,237,575USD181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2024-04-01 to 2024-06-30395,000USD91
2024-01-01 to 2024-06-301,410,197USD182
2023-04-01 to 2023-06-30962,000USD91
2023-01-01 to 2023-06-301,941,473USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,098,783USD91
2024-01-01 to 2024-06-302,559,018USD182
2023-04-01 to 2023-06-301,838,937USD91
2023-01-01 to 2023-06-303,369,519USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-1,094,277USD91
2024-01-01 to 2024-06-30-2,552,885USD182
2023-04-01 to 2023-06-30-1,838,642USD91
2023-01-01 to 2023-06-30-3,210,229USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,560,746USD182
2023-01-01 to 2023-06-301,195,439USD181

Change in accounts receivable

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30828,256USD182
2023-01-01 to 2023-06-30251,051USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30694,403USD182
2023-01-01 to 2023-06-301,136,973USD181

Inspect the source

Entity
Borealis Foods Inc. / CIK 0001852973
Captured
2026-09-21T17:38:35.514Z
SEC response SHA-256
2905ff37df5fbfe6d2125ca5ebe4cb92dbcc33f24390aeb0302258480f12643a

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.

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from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001852973.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"])))