EMCRF: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, EMCRF has $27,495,839 in assets. $33,674,492 in debts.

Unit: Dollar

Balance Sheets	2025-09-30
Cash	5,431
Prepaid expenses	21,250
Total current assets	26,681
Cash and investments held in trust account	27,469,158
Total assets	27,495,839

Accounts payable and accrued expenses	1,708,115
Due to related party	144,060
Due to third party	1,675,000
Convertible promissory note related party	851,112
Promissory note third party	58,077
Amount due to redeemed public shareholders	26,272,128
Total current liabilities	30,708,492
Deferred underwriter fee payable	2,966,000
Total liabilities	33,674,492
Ordinary shares subject to possible redemption, 126,388 shares (excluding 2,097,743 shares that have been redeemed but remained unpaid as of september 30, 2025) and 2,224,131 shares issued and outstanding at redemption value of 9.47 and 11.73 per share as of september 30, 2025 and december 31, 2024, respectively	1,197,030
Ordinary shares, par value 0.0001 500,000,000 shares authorized 2,295,893 (excluding 126,388 and 2,224,131 shares subject to redemption, respectively) issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	230
Accumulated deficit	-7,375,913
Total stockholders deficit	-7,375,683
Total liabilities and stockholders deficit	27,495,839