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Evolution Metals & Technologies Corp. (EMAT)

Evolution Metals & Technologies Corp. (EMAT)

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Balance Sheets Overview

Current Ratio
15.73%
Quick Ratio
14.12%
Debt to Asset Ratio
119.83%
Unit: Dollar
Assets Breakdown
    • Goodwill
    • Other noncurrent assets
    • Intangible assets, net
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Non-trade accounts payable
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
Cash and cash equivalents
5,254,000
5,389,000
-
Accounts receivable, net
2,218,000
2,270,000
-
Non-trade accounts receivable, gross
-
10,202,000
-
Less provision for credit losses
-
9,000,000
-
Non-trade accounts receivable, net
1,848,000
1,202,000
-
Non-trade accounts receivable - related parties
796,000
182,000
-
Cash
-
-
4,022
Inventories, net
1,499,000
1,564,000
-
Prepaid expenses and other current assets
3,084,000
660,000
141,227
Total current assets
14,699,000
11,267,000
145,249
Property, plant, and equipment, gross (in dollars)
7,582,000
7,557,000
-
Less accumulated depreciation (in dollars)
249,000
114,000
-
Property, plant and equipment, net
7,333,000
7,443,000
-
Intangible assets, net
6,347,000
6,350,000
-
Goodwill
58,909,000
60,061,000
-
Restricted cash held in trust account
-
-
6,464,974
Other noncurrent assets
7,796,000
497,000
-
Total assets
95,084,000
85,618,000
6,610,223
Accounts payable
10,141,000
8,954,000
-
Accounts payable - related parties
78,000
42,000
-
Non-trade accounts payable
47,553,000
47,951,000
-
Non-trade accounts payable - related parties
461,000
218,000
-
Accounts payable and accrued expenses
-
-
3,627,213
Short term debt
2,625,000
3,546,000
-
Due to affiliates-Due To Affiliates
-
-
533,663
Short term debt - related parties
1,659,000
1,230,000
-
Income taxes payable
-
-
186,609
Current portion of long-term debt
1,246,000
1,593,000
-
Convertible promissory notes related party-Related Party
-
-
2,296,371
Convertible promissory notes
2,296,000
2,296,000
-
Working capital loans related party
-
-
2,868,228
Accrued expenses and other current liabilities
27,408,000
27,263,000
-
Total current liabilities
93,467,000
93,093,000
9,512,084
Long term debt
2,309,000
2,609,000
-
Long term debt -related parties
16,000
15,000
-
Convertible debentures
17,395,000
-
-
Deferred underwriting fee payable
-
-
2,704,690
Other noncurrent liabilities
749,000
725,000
-
Total liabilities
113,936,000
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, 1,500,000,000 shares authorized, 621,790,646 and 0 shares issued and outstanding as of june 30, 2026 and december 31, 2025
62,000
59,000
228
Equity-classified cpu share allocation
-
186,766,000
-
Additional paid-in capital
1,113,050,000
908,599,000
-
Accumulated deficit
-1,131,031,000
-1,119,121,000
-12,009,098
Accumulated other comprehensive (loss) income
-942,000
-1,062,000
-
Total stockholders deficit
-18,862,000
-24,759,000
-12,008,870
Noncontrolling interest
10,000
13,935,000
-
Total deficit
-18,852,000
-10,824,000
-
Total liabilities and stockholders deficit
95,084,000
85,618,000
6,610,223
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Cash and cashequivalents$5,254,000 Prepaid expenses andother current assets$3,084,000 Accounts receivable, net$2,218,000 Non-trade accountsreceivable, net$1,848,000 Inventories, net$1,499,000 Non-trade accountsreceivable - related...$796,000 Property, plant, andequipment, gross (in...$7,582,000 Goodwill$58,909,000 Total current assets$14,699,000 Other noncurrentassets$7,796,000 Property, plant andequipment, net$7,333,000 Intangible assets, net$6,347,000 Less accumulateddepreciation (in dollars)$249,000 Accumulated deficit-$1,131,031,000 Accumulated othercomprehensive (loss) income-$942,000 Total assets$95,084,000 Total stockholdersdeficit-$18,862,000 Additional paid-in capital$1,113,050,000 Common stock 0.0001 parvalue, 1,500,000,000...$62,000 Total liabilities andstockholders deficit$95,084,000 Total deficit-$18,852,000 Noncontrolling interest$10,000 Total liabilities$113,936,000 Total currentliabilities$93,467,000 Convertible debentures$17,395,000 Long term debt$2,309,000 Other noncurrentliabilities$749,000 Long term debt-related parties$16,000 Non-trade accountspayable$47,553,000 Accrued expenses andother current...$27,408,000 Accounts payable$10,141,000 Short term debt$2,625,000 Convertible promissorynotes$2,296,000 Short term debt -related parties$1,659,000 Current portion oflong-term debt$1,246,000 Non-trade accountspayable - related...$461,000 Accounts payable -related parties$78,000