Achari Ventures Holdings Corp. IAVHI
Market cap
$35.15M
P/E ratio
| Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | |
| NET (LOSS) INCOME | 7 | 2 | -2,574,642 |
| Interest and dividend income on cash and marketable securities held in Trust Account | - | 1 | 429,125 |
| Change in fair value of warrants | -7,632,666 | -1,997,334 | -248,953 |
| Prepaid expenses | 408,572 | -228,376 | -132,091 |
| Income taxes payable | - | 216,203 | -173,486 |
| Accounts payable and accrued expenses | 84,608 | 580,451 | 3 |
| Franchise tax payable | 114,262 | 176,875 | -291,137 |
| Due to affiliate | 5,000 | -5,000 | - |
| Net cash used in operating activities | -501,884 | -588,916 | -1,044,190 |
| Principal deposited in Trust Account | 102 | - | 497,337 |
| Cash withdrawn from Trust Account in connection with Common Stock redemptions | - | 58 | 39 |
| Cash withdrawal from Trust Account for taxes | - | 414,836 | 410,616 |
| Net cash provided by investing activities | -101,500,000 | 58 | 39 |
| Redemption of Common Stock | - | 58 | 39 |
| Note payable – related party | - | - | 582,000 |
| Net cash used in financing activities | 103 | -57,810,572 | -38,572,420 |
| NET CHANGE IN CASH | - | -174,080 | -548,911 |
| Common stock redemption payable | - | 998,892 | - |
| Excise tax liability | 10 | - | 391,544 |