emcgw: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, EMCGW has $26,824,687 in assets. $6,749,659 in debts.

Unit: Dollar

Balance Sheets	2025-06-30
Prepaid expenses	42,500
Cash	469
Total current assets	42,969
Cash and investments held in trust account	26,781,718
Total assets	26,824,687

Convertible promissory note related party	851,112
Accounts payable and accrued expenses	1,556,560
Promissory note third party	56,927
Due to third party	1,175,000
Due to related party	144,060
Total current liabilities	3,783,659
Deferred underwriter fee payable	2,966,000
Total liabilities	6,749,659
Accumulated deficit	-6,706,920
Ordinary shares, par value 0.0001 500,000,000 shares authorized 2,295,893 (excluding 2,224,131 shares subject to redemption, respectively) issued and outstanding as of june 30, 2025 and december 31, 2024, respectively	230
Total stockholders deficit	-6,706,690
Ordinary shares subject to possible redemption, 2,224,131 shares issued and outstanding at redemption value of 12.04 and 11.73 per share as of june 30, 2025 and december 31, 2024, respectively	26,781,718
Total liabilities and stockholders deficit	26,824,687