International Media Acquisition Corp
For the period ended Mar 31, 2024. Filed Aug 8, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 8, 2024
IMAQ$10.350.0%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Operations
STATEMENTS OF OPERATIONS
| For the Year Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| General and administrative expenses | $1,694,608 | $2,036,077 |
| Franchise tax expense | 200,000 | 200,000 |
| Loss from operations | (1,894,608) | (2,236,077) |
| Liabilities written back | 314,686 | - |
| Change in fair value of warrant liability | (7,172) | 119,535 |
| Interest and dividend income on investments held in trust account | 990,896 | 1,088,765 |
| Loss before provision for income taxes | (596,198) | (1,027,777) |
| Provision for income taxes | 218,289 | 207,632 |
| Net loss | $(814,487) | $(1,235,409) |
| Weighted average shares outstanding, basic and diluted | 8,251,280 | 15,291,778 |
| Basic and diluted net loss per common share | $(0.10) | $(0.08) |
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