$ATMV
AlphaVest Acquisition Corp.

2023 Q1 Form 10-K Financial Statement

#000149315223010328 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $158.2K $77.06K $0.00
YoY Change
Operating Profit -$158.2K -$3.749K
YoY Change 4119.45%
Interest Expense $803.1K $38.23K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $803.1K
YoY Change
Pretax Income $644.9K -$38.83K $0.00
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $644.9K -$38.83K -$3.749K
YoY Change -17301.87%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.07 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 9.181M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $311.0K $659.0K
YoY Change
Cash & Equivalents $311.0K $659.0K
Short-Term Investments
Other Short-Term Assets $54.30K $82.77K
YoY Change
Inventory
Prepaid Expenses $54.30K $82.77K
Receivables
Other Receivables
Total Short-Term Assets $365.3K $741.8K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.22M $70.42M
YoY Change
Other Assets $32.38K $32.38K
YoY Change
Total Long-Term Assets $71.25M $70.45M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $365.3K $741.8K
Total Long-Term Assets $71.25M $70.45M
Total Assets $71.62M $71.19M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.58K $248.0K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.41K $257.9K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $39.41K $257.9K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $39.41K $257.9K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $358.0K -$42.58K
YoY Change
Common Stock $228.00 $228.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $358.2K $554.5K
YoY Change
Total Liabilities & Shareholders Equity $71.62M $71.19M
YoY Change

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income $644.9K -$38.83K -$3.749K
YoY Change -17301.87%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$348.1K $0.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$70.38M
YoY Change
Cash From Investing Activities -$70.38M
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 71.04M
YoY Change
NET CHANGE
Cash From Operating Activities -$348.1K 0.000
Cash From Investing Activities -70.38M
Cash From Financing Activities 71.04M
Net Change In Cash -$348.1K 659.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$348.1K $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Type
DocumentType
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Fiscal Year Focus
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2022
dei Entity File Number
EntityFileNumber
001-41584
dei Entity Registrant Name
EntityRegistrantName
ALPHAVEST ACQUISITION CORP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
dei Entity Address Address Line1
EntityAddressAddressLine1
420 Lexington Ave
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 2446
dei Entity Address City Or Town
EntityAddressCityOrTown
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dei Entity Address State Or Province
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dei City Area Code
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203
dei Local Phone Number
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dei Entity Well Known Seasoned Issuer
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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Payments Of Stock Issuance Costs
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ATMV Deferred Offering Costs Paid By Sponsor In Exchange For Issuance Of Common Stock
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ATMV Deferred Offering Costs Included In Due To Accrued Expenses
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CY2022Q4 ATMV Cash Deposited In Trust Account Per Unit
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ATMV Condition For Future Business Combination Use Of Proceeds Percentage
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CY2022Q4 us-gaap Minimum Net Worth Required For Compliance
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CY2022Q4 ATMV Value Per Share To Be Maintained In The Trust Account
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us-gaap Use Of Estimates
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<p id="xdx_84A_eus-gaap--UseOfEstimates_z7UqSNffD2vi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zAJVpDa5rMi2">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statement in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
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