FTII: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, FTII has $10,580,178 in assets. $10,380,789 in debts.

Unit: Dollar

Balance Sheets	2025-06-30
Prepaid expenses	65,500
Due from related party-Related Party	75,000
Due from related party-Sponsor	1,145,065
Cash	160,723
Total current assets	1,446,288
Interest bearing bank demand deposit held in trust account	9,133,890
Total assets	10,580,178

Income tax payable	46,458
Other payable	299,104
Note payable - sponsor	3,537,744
Accounts payable and accrued expenses	942,520
Promissory note - sponsor	823,302
Franchise tax payable	108,864
Excise tax payable	1,170,089
Accrued offering costs	2,708
Total current liabilities	6,930,789
Deferred underwriting commission	3,450,000
Total liabilities	10,380,789
Accumulated deficit	-9,584,062
Common stock value-Common Class A	352
Total stockholders deficit	-9,583,710
Class a common stock, 0.0001 par value 100,000,000 shares authorized 779,886 shares subject to possible redemption issued and outstanding shares at redemption value of 12.54 and 11.64 per share as of june 30, 2025 and december 31, 2024, respectively	9,783,099
Total liabilities and stockholders deficit	10,580,178