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Velocity Acquisition (Velocity Acquisition) Accounts Payable & Accrued Expense : $1.18 Mil (As of Sep. 2022)


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What is Velocity Acquisition Accounts Payable & Accrued Expense?

Velocity Acquisition's quarterly accounts payable & accrued expense declined from Mar. 2022 ($1.22 Mil) to Jun. 2022 ($0.97 Mil) but then increased from Jun. 2022 ($0.97 Mil) to Sep. 2022 ($1.18 Mil).

Velocity Acquisition's annual accounts payable & accrued expense increased from . 20 ($0.00 Mil) to Dec. 2020 ($0.11 Mil) and increased from Dec. 2020 ($0.11 Mil) to Dec. 2021 ($0.70 Mil).

Velocity Acquisition Accounts Payable & Accrued Expense Historical Data

The historical data trend for Velocity Acquisition's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Velocity Acquisition Accounts Payable & Accrued Expense Chart

Velocity Acquisition Annual Data
Trend Dec20 Dec21
Accounts Payable & Accrued Expense
0.11 0.70

Velocity Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 1.93 0.70 1.22 0.97 1.18

Velocity Acquisition Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Velocity Acquisition (Velocity Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Velocity Acquisition Corp (NAS:VELO) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Website
https://www.velocityacq.co
Velocity Acquisition Corp is a blank check company.
Executives
Nicolas Brien officer: Chief Strategy Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Adrian Covey director, officer: Chief Executive Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Carla Hendra director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Judge Graham officer: Chief Digital Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Manager Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877