Fortune Rise Acquisition Corp financial data

Symbol
FRLA, FRLAU, FRLAW on Nasdaq
Industry
Special Industry Machinery, NEC
Location
13575 58 Th Street North, Suite 200, Clearwater, Florida
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.01 % -84.2%
Debt-to-equity -101 % +8.2%
Return On Equity 15 %
Return On Assets -3.86 % -542%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 6.27M shares
Entity Public Float 39M USD -61%

Income Statement

Label TTM Value / Value Unit Change %
Operating Income (Loss) -2.02M USD -27%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.36M USD -186%
Income Tax Expense (Benefit) 44.9K USD -94.6%
Net Income (Loss) Attributable to Parent -1.41M USD -286%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.96K USD -97.9%
Assets, Current 22.8K USD -94.3%
Assets 35.6M USD -9.04%
Liabilities, Current 7.14M USD +67.4%
Liabilities 10.6M USD +37.4%
Retained Earnings (Accumulated Deficit) -10.5M USD -42.6%
Stockholders' Equity Attributable to Parent -10.5M USD -42.6%
Liabilities and Equity 35.6M USD -9.04%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -216K USD +74.6%
Net Cash Provided by (Used in) Financing Activities 590K USD -63.3%
Net Cash Provided by (Used in) Investing Activities -380K USD +51.1%
Common Stock, Shares Authorized 60M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -5.93K USD +70.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.96K USD -97.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 553K USD +107%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.1 pure -89.8%
Deferred Tax Assets, Gross 553K USD +200%
Deferred Income Tax Expense (Benefit) 0 USD -100%
Deferred Tax Assets, Operating Loss Carryforwards 0 USD -100%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 36.1K USD +384%
Preferred Stock, Shares Authorized 2M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 0 USD
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 82.2K USD
Current Federal Tax Expense (Benefit) 225K USD
Deferred State and Local Income Tax Expense (Benefit) 51.3K USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%