For the quarter ending 2026-03-31, FUSEW has $4,944,000 in assets. $19,977,000 in debts. $1,774,000 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-09-30 | ||
|---|---|---|---|---|
| Cash | - | 9,284 | ||
| Cash and cash equivalents | 1,774,000 | - | ||
| Prepaid expenses | - | 21,484 | ||
| Accounts receivable, current, net | 1,242,000 | - | ||
| Other receivable, net of reserve for credit losses of 0 and 505,000 as of september 30, 2025 and december 31, 2024, respectively-Related Party | - | 32,546 | ||
| Unbilled revenue | 71,000 | - | ||
| Marketable securities held in trust account | - | 12,289,337 | ||
| Prepaid expenses and other current assets | 650,000 | - | ||
| Total current assets | 3,737,000 | 12,352,651 | ||
| Property and equipment, net | 292,000 | - | ||
| Intangible assets, net | 210,000 | - | ||
| Deferred tax assets | 11,000 | - | ||
| Operating lease right-of-use assets | 683,000 | - | ||
| Other assets | 11,000 | - | ||
| Total assets | 4,944,000 | 12,352,651 | ||
| Accounts payable | 4,797,000 | 351,472 | ||
| Accrued expenses | - | 1,941,000 | ||
| Promissory note related party | - | 3,665,000 | ||
| Accrued interest related party | - | 242,207 | ||
| Accrued expenses and other current liabilities | 4,677,000 | - | ||
| Forward purchase agreement prepayment payable | - | 11,005,073 | ||
| Related party loan payable, current | 300,000 | - | ||
| Forward purchase agreement liability | - | 18,842,073 | ||
| Operating lease liability, current | 84,000 | - | ||
| Share redemptions payable | - | 1,222,631 | ||
| Forward purchase derivative liability | 8,104,000 | - | ||
| Deferred underwriting commissions | - | 6,641,250 | ||
| Short term debt | 168,000 | - | ||
| Total current liabilities | 18,130,000 | 43,910,706 | ||
| Accounts payable non-current | 78,000 | - | ||
| Warrant liability | 62,000 | - | ||
| Cumulative mandatorily redeemable common and preferred stock liability | 1,018,000 | - | ||
| Operating lease liability | 689,000 | - | ||
| Total liabilities | 19,977,000 | 43,910,706 | ||
| Class a ordinary shares, 0.0001 par value 500,000,000 shares authorized, 901,955 and 1,372,687 shares subject to redemption as of september 30, 2025 and december 31, 2024, respectively-Common Class A | - | 11,066,706 | ||
| Common stock value-Common Class A | - | 474 | ||
| Common stock (0.0001 par value, 500,000,000 shares authorized as of march 31,2026 and december 31, 2025 28,939,240 shares and 28,938,266 shares issued and outstanding as of march 31,2026 and december 31, 2025 respectively) | 3,000 | - | ||
| Common stock value-Common Class B | - | 0 | ||
| Additional paid in capital | 31,801,000 | 1,262,193 | ||
| Share subscription receivable | 11,005,000 | 11,005,073 | ||
| Accumulated deficit | -36,101,000 | -32,882,355 | ||
| Accumulated other comprehensive income | 269,000 | - | ||
| Total shareholders deficit | - | -42,624,761 | ||
| Total stockholders deficit | -15,033,000 | - | ||
| Total liabilities and stockholders deficit | 4,944,000 | 12,352,651 | ||
Fusemachines Inc. (FUSEW)
Fusemachines Inc. (FUSEW)