Evolution Metals & Technologies Corp. (EMAT)
Evolution Metals & Technologies Corp. (EMAT)
For the quarter ending 2026-03-31, EMAT has $85,618,000 in assets. $96,442,000 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 5,389,000 | - | ||
| Accounts receivable | 2,270,000 | - | ||
| Non-trade accounts receivable, gross | 10,202,000 | - | ||
| Less provision for credit losses | 9,000,000 | - | ||
| Non-trade accounts receivable | 1,202,000 | - | ||
| Non-trade accounts receivable - related parties | 182,000 | - | ||
| Cash | - | 4,022 | ||
| Inventories | 1,564,000 | - | ||
| Prepaid expenses and other current assets | 660,000 | 141,227 | ||
| Total current assets | 11,267,000 | 145,249 | ||
| Property, plant, and equipment, gross (in dollars) | 7,557,000 | - | ||
| Less accumulated depreciation (in dollars) | 114,000 | - | ||
| Property, plant and equipment, net | 7,443,000 | - | ||
| Intangible assets, net | 6,350,000 | - | ||
| Goodwill | 60,061,000 | - | ||
| Restricted cash held in trust account | - | 6,464,974 | ||
| Other noncurrent assets | 497,000 | - | ||
| Total assets | 85,618,000 | 6,610,223 | ||
| Accounts payable | 8,954,000 | - | ||
| Accounts payable - related parties | 42,000 | - | ||
| Non-trade accounts payable | 47,951,000 | - | ||
| Non-trade accounts payable - related parties | 218,000 | - | ||
| Accounts payable and accrued expenses | - | 3,627,213 | ||
| Short term debt | 3,546,000 | - | ||
| Due to affiliates-Due To Affiliates | - | 533,663 | ||
| Short term debt - related parties | 1,230,000 | - | ||
| Income taxes payable | - | 186,609 | ||
| Current portion of long-term debt | 1,593,000 | - | ||
| Convertible promissory notes related party-Related Party | - | 2,296,371 | ||
| Convertible promissory notes | 2,296,000 | - | ||
| Working capital loans related party | - | 2,868,228 | ||
| Accrued expenses and other current liabilities | 27,263,000 | - | ||
| Total current liabilities | 93,093,000 | 9,512,084 | ||
| Long term debt | 2,609,000 | - | ||
| Long term debt - related parties | 15,000 | - | ||
| Deferred underwriting fee payable | - | 2,704,690 | ||
| Other noncurrent liabilities | 725,000 | - | ||
| Total liabilities | 96,442,000 | 12,216,774 | ||
| Common stock subject to possible redemption, 0.0001 par value, 564,337 shares at redemption value of 11.34 per share at december 31, 2025 and 1,082,789 shares at redemption value of 11.22 per share at december 31, 2024, respectively | - | 6,402,319 | ||
| Common stock 0.0001 par value, 593,349,852 shares authorized, 593,349,852 and 0 shares issued and outstanding as of march 31, 2026 and december 31, 2025 | 59,000 | 228 | ||
| Equity-classified cpu share allocation | 186,766,000 | - | ||
| Additional paid-in capital | 908,599,000 | - | ||
| Accumulated deficit | -1,119,121,000 | -12,009,098 | ||
| Accumulated other comprehensive income | -1,062,000 | - | ||
| Total stockholders deficit | -24,759,000 | -12,008,870 | ||
| Noncontrolling interest | 13,935,000 | - | ||
| Total deficit | -10,824,000 | - | ||
| Total liabilities and stockholders deficit | 85,618,000 | 6,610,223 | ||