$ABCP
AmBase Corp

2022 Q4 Form 10-Q Financial Statement

#000114036122039782 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $648.0K $689.0K $1.243M
YoY Change -38.46% -44.57% -16.13%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $663.0K $721.0K $1.264M
YoY Change -38.33% -42.96% -15.39%
Operating Profit -$721.0K -$1.264M
YoY Change -42.96% -15.39%
Interest Expense -$53.00K $4.000K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$716.0K -$717.0K -$1.264M
YoY Change -33.4% -43.28% -15.34%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$716.0K -$717.0K -$1.264M
YoY Change -33.4% -43.28% -13.6%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02 -$0.03
Diluted Earnings Per Share -$0.02 -$17.60K -$31.03K
COMMON SHARES
Basic Shares Outstanding 40.74M 40.74M 40.74M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $349.0K $938.0K $4.043M
YoY Change -88.38% -76.8% -59.1%
Cash & Equivalents $349.0K $938.0K $4.043M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $349.0K $938.0K $4.043M
YoY Change -88.38% -76.8% -59.1%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $61.00K $91.00K $120.0K
YoY Change -23.75% -24.17% 84.62%
TOTAL ASSETS
Total Short-Term Assets $349.0K $938.0K $4.043M
Total Long-Term Assets $61.00K $91.00K $120.0K
Total Assets $410.0K $1.029M $4.163M
YoY Change -86.7% -75.28% -58.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.484M $1.387M $689.0K
YoY Change 116.96% 101.31% 17.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.484M $1.387M $689.0K
YoY Change 116.96% 101.31% 17.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.484M $1.387M $689.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.484M $1.387M $689.0K
YoY Change 116.96% 101.31% 17.78%
SHAREHOLDERS EQUITY
Retained Earnings -$544.7M -$544.0M
YoY Change 0.64%
Common Stock $548.8M $548.8M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $5.672M
Shareholders Equity -$1.074M -$358.0K $3.474M
YoY Change
Total Liabilities & Shareholders Equity $410.0K $1.029M $4.163M
YoY Change -86.7% -75.28% -58.17%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$716.0K -$717.0K -$1.264M
YoY Change -33.4% -43.28% -13.6%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$589.0K -$582.0K -$1.150M
YoY Change -43.37% -49.39% -128.47%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -589.0K -582.0K -1.150M
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -589.0K -582.0K -1.150M
YoY Change -43.37% -49.39% -128.47%
FREE CASH FLOW
Cash From Operating Activities -$589.0K -$582.0K -$1.150M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
abcp Equity Method Investment Description Of Distribution
EquityMethodInvestmentDescriptionOfDistribution
The JV Agreement and related operating agreements generally provide that all distributable cash shall be distributed as follows: (i) first, 100% to the members in proportion to their percentage interests until Investment LLC has received distributions yielding a 20% internal rate of return as calculated; (ii) second, 100% to the Sponsor as a return of (but not a return on) any additional capital contributions made by the Sponsor on account of manager overruns; and (iii) thereafter, (a) 50% to the members in proportion to their respective percentage interests at the time of such distribution, and (b) 50% to the Sponsor.
abcp Loss Contingency Claims Dismissed Number Of Claims Whose Dismissal Was Compelled By Prior Decision
LossContingencyClaimsDismissedNumberOfClaimsWhoseDismissalWasCompelledByPriorDecision
3
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2022Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
9000
CY2021Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
10000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
81000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
78000
CY2022Q3 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2021Q3 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
95-2962743
dei Entity Address Address Line1
EntityAddressAddressLine1
7857 WEST SAMPLE ROAD, SUITE 134
dei Entity Address City Or Town
EntityAddressCityOrTown
CORAL SPRINGS
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei City Area Code
CityAreaCode
201
dei Local Phone Number
LocalPhoneNumber
265-0169
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40737751
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-717000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-358000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-1264000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
3474000
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000020639
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Type
DocumentType
10-Q
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-7265
dei Entity Registrant Name
EntityRegistrantName
AMBASE CORPORATION
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33065
CY2013Q1 abcp Amount Paid For Federal Income Taxes Attributable To Alternative Minimum Tax Rate Resulting From Sgw2012 Settlement Agreement
AmountPaidForFederalIncomeTaxesAttributableToAlternativeMinimumTaxRateResultingFromSGW2012SettlementAgreement
501000

Files In Submission

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0001140361-22-039782.txt Edgar Link pending
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