forl: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, FORL has $31,347,191 in assets. $26,886,347 in debts.

Unit: Dollar

Balance Sheets	2025-06-30
Prepaid expenses	125,625
Cash	9,804
Restricted cash - held in trust account	19,856,826
Total current assets	19,992,255
Marketable securities held in trust account	11,354,936
Total assets	31,347,191

Income taxes payable	358,644
Promissory note - related party-Related Party	1,116,100
Due to related party-Related Party	242,180
Convertible note - related party-Related Party	2,000,000
Accounts payable and accrued expenses	548,486
Excise tax liability	500,512
Deferred credit - operating expenses funded by xiaoyu dida	341,250
Class a common stock pending redemption (1,708,386 shares and no shares as of june 30, 2025 and december 31, 2024, respectively)	19,856,826
Accrued offering costs	24,999
Total current liabilities	24,988,997
Deferred underwriting fee payable	1,897,350
Total liabilities	26,886,347
Accumulated deficit	-6,632,890
Common stock, value-Common Class B	136
Common stock, value-Common Class A	5
Total stockholders deficit	-6,632,749
Class a common stock subject to possible redemption, 0.0001 par value 26,000,000 shares authorized 960,307 shares issued and outstanding and 2,668,693 shares issued and outstanding (at 11.55 and 11.25 redemption value as of june 30, 2025 and december 31, 2024, respectively)-Common Class A	11,093,593
Total liabilities, common stock subject to possible redemption, and stockholders deficit	31,347,191