Is Fortune Rise Acquisition Corporation (FRLA) a Buy, Sell, or Hold?
OTC : FRLA
Fortune Rise Acquisition Corporation
$11.2 USD
$0 (0.0%)
- Volume
- 100
- Average Volume
- 2.85K
- Market Capitalization
- $36.81M
- P/E Ratio
- -273.17
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $12.00
- Year Low
- $11.00
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.02
FRLA Financial Statements
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|
| revenue | - | - | - |
| costOfRevenue | 2.06M | 959.46K | - |
| grossProfit | -2.06M | -959K | - |
| researchAndDevelopmentExpenses | - | - | - |
| generalAndAdministrativeExpenses | - | 959.46K | - |
| sellingAndMarketingExpenses | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 276.1K | 959.46K | - |
| otherExpenses | -138.05K | 199.54K | 35960 |
| operatingExpenses | 138.05K | 1.16M | 35960 |
| costAndExpenses | 2.2M | 1.16M | 35961 |
| netInterestIncome | - | 1.47M | 2620 |
| interestIncome | - | 1.47M | 1310 |
| interestExpense | - | - | -1310 |
| depreciationAndAmortization | 2.34M | - | 1310 |
| ebitda | 2.49M | 307.46K | -130.85K |
| ebit | 144.54K | 307.46K | -132.16K |
| nonOperatingIncomeExcludingInterest | -2.34M | -1.47M | 96201 |
| operatingIncome | -2.2M | -1.16M | -35960 |
| totalOtherIncomeExpensesNet | 2.34M | 1.47M | -96204 |
| incomeBeforeTax | 144.54K | 307.46K | -132.16K |
| incomeTaxExpense | 496.25K | 355.07K | - |
| netIncomeFromContinuingOperations | -352K | -47609 | -132.16K |
| netIncomeFromDiscontinuedOperations | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - |
| netIncome | -352K | -47609 | -132.16K |
| netIncomeDeductions | - | - | - |
| bottomLineNetIncome | -352K | -47609 | -132.16K |
| eps | -0.04 | -0.0 | -0.01 |
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|
| cashAndCashEquivalents | 12910 | 172.31K | 847.17K |
| shortTermInvestments | - | - | - |
| cashAndShortTermInvestments | 12910 | 172.31K | 847.17K |
| netReceivables | - | - | - |
| accountsReceivables | - | - | - |
| otherReceivables | - | - | - |
| inventory | - | - | - |
| prepaids | 106.66K | 29000 | 187.5K |
| otherCurrentAssets | - | - | - |
| totalCurrentAssets | 119.57K | 201.31K | 1.03M |
| propertyPlantEquipmentNet | - | - | - |
| goodwill | - | - | - |
| intangibleAssets | - | - | - |
| goodwillAndIntangibleAssets | - | - | - |
| longTermInvestments | 34.85M | 101.94M | 99.71M |
| taxAssets | - | - | - |
| otherNonCurrentAssets | - | - | - |
| totalNonCurrentAssets | 34.85M | 101.94M | 99.71M |
| otherAssets | - | - | - |
| totalAssets | 34.97M | 102.14M | 100.74M |
| totalPayables | 293.18K | 271.35K | 8202 |
| accountPayables | 293.18K | 156.05K | 8202 |
| otherPayables | - | 115.29K | - |
| accruedExpenses | - | - | - |
| shortTermDebt | 4.76M | 733.75K | - |
| capitalLeaseObligationsCurrent | - | - | - |
| taxPayables | 703.87K | 471.1K | 35961 |
| deferredRevenue | - | - | - |
| otherCurrentLiabilities | 706.77K | 405.81K | 35961 |
| totalCurrentLiabilities | 5.76M | 1.41M | 44163 |
| longTermDebt | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - |
| deferredRevenueNonCurrent | - | - | 3.42M |
| deferredTaxLiabilitiesNonCurrent | - | 83724 | - |
| otherNonCurrentLiabilities | 3.42M | 3.42M | - |
| totalNonCurrentLiabilities | 3.42M | 3.5M | 3.42M |
| otherLiabilities | - | - | - |
| capitalLeaseObligations | - | - | - |
| totalLiabilities | 9.18M | 4.92M | 3.47M |
| treasuryStock | - | - | - |
| preferredStock | - | - | - |
| commonStock | 34.88M | 101.56M | 99.71M |
| retainedEarnings | -9.1M | -4.33M | -2.43M |
| additionalPaidInCapital | - | - | - |
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|
| netIncome | -351.7K | -47609 | -132.16K |
| depreciationAndAmortization | - | - | - |
| deferredIncomeTax | -83724 | 83724 | - |
| stockBasedCompensation | - | - | - |
| changeInWorkingCapital | -408.73K | 741.49K | -143.34K |
| accountsReceivables | - | - | - |
| inventory | - | - | - |
| accountsPayables | 137.13K | 147.85K | 8202 |
| otherWorkingCapital | -545.86K | 593.64K | -151.54K |
| otherNonCashItems | -2.34M | -1.47M | -1310 |
| netCashProvidedByOperatingActivities | -3.19M | -689.07K | -276.81K |
| investmentsInPropertyPlantAndEquipment | - | - | - |
| acquisitionsNet | - | - | - |
| purchasesOfInvestments | -2.01M | -977.5K | -99.7M |
| salesMaturitiesOfInvestments | 71.44M | 207.96K | - |
| otherInvestingActivities | - | - | - |
| netCashProvidedByInvestingActivities | 69.43M | -769.54K | -99.7M |
| netDebtIssuance | 3.98M | 733.75K | - |
| longTermNetDebtIssuance | - | - | - |
| shortTermNetDebtIssuance | 3.98M | 733.75K | - |
| netStockIssuance | -70.39M | - | 100.83M |
| netCommonStockIssuance | -70.39M | - | 100.83M |
| commonStockIssuance | - | - | 100.83M |
| commonStockRepurchased | -70.39M | - | - |
| netPreferredStockIssuance | - | - | - |
| netDividendsPaid | - | -1.47M | - |
| commonDividendsPaid | - | -1.47M | - |
| preferredDividendsPaid | - | - | - |
| otherFinancingActivities | - | 1.52M | - |
| netCashProvidedByFinancingActivities | -66.41M | 783.75K | 100.83M |
| date | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | - | - | - | - | - | - | - | - | - |
| costOfRevenue | 386.71K | 329.09K | - | 707.05K | 393.38K | 535.44K | 424.22K | - | 225.93K | 275.61K |
| grossProfit | -386.71K | -329K | - | -707K | -393K | -535K | -424K | - | -226K | -276K |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | - | - | - | - | - | - | - | 227.55K | 225.93K | 275.61K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 37400 | 400.49K | 452.27K | 707.05K | 393.38K | 535.44K | 424.22K | 227.55K | 225.93K | 275.61K |
| otherExpenses | - | -35700 | 34900 | 27650 | 38000 | 22400 | 50000 | 54559 | 48600 | 48200 |
| operatingExpenses | 37400 | 364.79K | 487.17K | 734.7K | 431.38K | 557.84K | 474.22K | 282.11K | 274.53K | 323.81K |
| costAndExpenses | 424.11K | 364.79K | 487.17K | 734.7K | 431.38K | 557.84K | 474.22K | 282.11K | 274.53K | 323.81K |
| netInterestIncome | - | 167.19K | - | - | - | 759.57K | 1.1M | 866.11K | 450.82K | 141.61K |
| interestIncome | - | 167.19K | - | - | - | 759.57K | 1.1M | 866.11K | 450.82K | 141.61K |
| interestExpense | - | - | - | - | - | - | - | - | - | - |
| depreciationAndAmortization | - | - | 43276 | 43812 | - | - | 41584 | 54880 | 27081 | 86065 |
| ebitda | -424K | -365K | -443.72K | 1.61M | 1.91M | -558K | -432.42K | -227.12K | -247.92K | -237.94K |
| ebit | - | -365K | -487K | -734.7K | 1.91M | -558K | -474K | -282K | -275K | -324K |
| nonOperatingIncomeExcludingInterest | - | - | - | - | - | -760K | -1.1M | -866K | -451K | -142K |
| operatingIncome | -424.11K | -365K | -487K | -734.7K | -431K | -558K | -474K | -282K | -275K | -324K |
| totalOtherIncomeExpensesNet | - | 167.19K | - | - | 487.74K | 759.57K | 1.1M | 866.11K | 450.82K | 141.61K |
| incomeBeforeTax | -19687 | -198K | -487K | -734.7K | 56362 | 201.73K | 621.16K | 584K | 176.28K | -182K |
| incomeTaxExpense | 77075 | 20285 | - | 8665 | 15979 | 206.66K | 264.95K | 355.07K | - | - |
| netIncomeFromContinuingOperations | -96762 | -218K | -487K | -743.37K | 40383 | -4927 | 356.21K | 228.93K | 176.28K | -182K |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -96762 | -218K | -487K | -743K | 40383 | -4927 | 356.21K | 228.93K | 176.28K | -182K |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -96762 | -218K | -487K | -743K | 40383 | -4927 | 356.21K | 228.93K | 176.28K | -182K |
| eps | -0.03 | -0.07 | -0.08 | -0.12 | 0.01 | -0.0 | 0.03 | 0.02 | 0.02 | -0.01 |
| date | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 8446 | 3957 | 6981 | 12910 | 111.74K | 187.2K | 152.27K | 172.31K | 230.97K | 388.58K |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 8446 | 3957 | 6981 | 12910 | 111.74K | 187.2K | 152.27K | 172.31K | 230.97K | 388.58K |
| netReceivables | - | - | - | - | - | - | - | - | - | - |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | 18858 | 34533 | 106.66K | 192.77K | 212.19K | 95320 | 29000 | 37648 | 96150 |
| otherCurrentAssets | 20791 | - | - | - | - | - | - | - | - | - |
| totalCurrentAssets | 29237 | 22815 | 41514 | 119.57K | 304.52K | 399.39K | 247.59K | 201.31K | 268.62K | 484.73K |
| propertyPlantEquipmentNet | - | - | - | - | - | - | - | - | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | 35.62M | 35.23M | 34.85M | 39.54M | 38.79M | 103.82M | 101.94M | 100.31M | 99.86M |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 36.33M | - | - | - | - | - | - | - | - | - |
| totalNonCurrentAssets | 36.33M | 35.62M | 35.23M | 34.85M | 39.54M | 38.79M | 103.82M | 101.94M | 100.31M | 99.86M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 36.36M | 35.65M | 35.27M | 34.97M | 39.84M | 39.19M | 104.06M | 102.14M | 100.58M | 100.34M |
| totalPayables | - | 1.36M | 1.2M | 293.18K | 887.34K | 128.68K | 347.33K | 271.35K | 155.22K | 96798 |
| accountPayables | - | 533.88K | 446.78K | 293.18K | 218.06K | 101.26K | 168.13K | 156.05K | 10015 | 198 |
| otherPayables | - | 824.56K | 752.28K | - | 669.28K | 27419 | 179.2K | 115.29K | -10015 | -198 |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | - | 5.79M | 5.35M | 4.76M | 3.99M | 3.38M | 1.79M | 733.75K | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | 83655 | 6580 | 719.38K | 703.87K | 654.28K | 782.96K | 397.33K | 471.1K | 145.2K | 96600 |
| deferredRevenue | - | - | -446.78K | - | - | - | - | - | - | - |
| otherCurrentLiabilities | 7.95M | 1.35M | 446.78K | 706.77K | - | 755.54K | 823.55K | 405.81K | - | - |
| totalCurrentLiabilities | 7.95M | 7.14M | 6.55M | 5.76M | 4.88M | 4.27M | 2.96M | 1.41M | 155.22K | 96798 |
| longTermDebt | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | 3.42M |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | 100.69K | 83724 | - | - |
| otherNonCurrentLiabilities | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | - |
| totalNonCurrentLiabilities | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.42M | 3.52M | 3.5M | 3.42M | 3.42M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 11.37M | 10.57M | 9.97M | 9.18M | 8.3M | 7.69M | 6.48M | 4.92M | 3.58M | 3.52M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 36.15M | 35.56M | 35.23M | 34.88M | 39.58M | 38.85M | 103.32M | 101.56M | 100.13M | 99.71M |
| retainedEarnings | -11.17M | -10.48M | -9.93M | -9.1M | -8.05M | -7.35M | -5.73M | -4.33M | -3.13M | -2.88M |
| additionalPaidInCapital | - | - | - | - | - | - | - | - | - | - |
| date | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -96762 | -217.88K | -487.17K | -743.37K | 40383 | -4927 | 356.21K | 228.93K | 176.28K | -182.2K |
| depreciationAndAmortization | - | - | - | - | - | - | - | - | - | - |
| deferredIncomeTax | - | - | - | - | - | -100.69K | 16966 | 83724 | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | -416.29K | 145.05K | 241.24K | 161.24K | 22540 | -452.4K | -128.02K | 480.59K | 116.92K | 94925 |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | 107.31K | 87094 | 153.6K | 75126 | 116.8K | -66875 | 12079 | 146.04K | 9817 | -10700 |
| otherWorkingCapital | -523.59K | 57955 | 117.64K | 86114 | -94260 | -385.52K | -12079 | 334.55K | 107.1K | 94925 |
| otherNonCashItems | 291.71K | -167.19K | - | - | -487.74K | -759.57K | -1.1M | -866.11K | -450.82K | -141.61K |
| netCashProvidedByOperatingActivities | -221.34K | -240.02K | -245.93K | -582.13K | -424.82K | -1.32M | -850.22K | -72866 | -157.62K | -228.89K |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | -300K | -300K | -430.06K | -977.5K | -977.5K | - | - |
| salesMaturitiesOfInvestments | - | - | - | 4.98M | 39359 | 66.22M | 199.76K | 207.96K | - | - |
| otherInvestingActivities | -300K | -225K | -380K | - | - | 65.79M | -777.74K | 207.96K | - | - |
| netCashProvidedByInvestingActivities | -300K | -225K | -380K | 4.68M | -260.64K | 65.79M | -777.74K | -769.54K | - | - |
| netDebtIssuance | - | 462K | 620K | 756.9K | 610K | 1.55M | 1.05M | 733.75K | - | - |
| longTermNetDebtIssuance | - | 30000 | 30000 | - | -15000 | - | 1.05M | - | - | - |
| shortTermNetDebtIssuance | - | 432K | 590K | 756.9K | 625K | 1.55M | 1.05M | 733.75K | - | - |
| netStockIssuance | - | - | - | -4.96M | - | -65.43M | - | - | - | - |
| netCommonStockIssuance | - | - | - | -4.96M | - | -65.43M | - | - | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockRepurchased | - | - | - | -4.96M | - | -65.43M | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | -571.62K | - | - | -2.34M | - | - | -1.1M | -1.47M | - | - |
| commonDividendsPaid | -571.62K | - | - | -2.34M | - | - | -1.1M | -1.47M | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 1.1M | - | - | 2.34M | - | -555.42K | 1.65M | 1.52M | - | - |
| netCashProvidedByFinancingActivities | 525.83K | 462K | 620K | -4.2M | 610K | -64.44M | 1.61M | 783.75K | - | - |