IBAC: the balance sheet

MyFinsight

For the quarter ending 2025-12-31, IBAC has $16,405,261 in assets. $1,162,171 in debts. $165,484 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-12-31	2025-09-30	2025-06-30
Cash	165,484	428,700	486,018
Cash restricted	-	787,365	-
Prepaid expenses	21,018	27,833	52,332
Short-term prepaid insurance	114,346	-	84,875
Prepaid income taxes	60,930	-	-
Total current assets	361,778	1,243,898	623,225
Cash and investments held in trust account	16,043,483	15,890,194	121,553,746
Total assets	16,405,261	17,134,092	122,176,971

Accounts payable and accrued expenses	98,073	73,757	20,776
Income taxes payable	-	694,245	525,445
Excise taxes payable	1,061,310	1,061,310	-
Due to sponsor	2,788	2,788	2,788
Total current liabilities	1,162,171	1,832,100	549,009
Total liabilities	1,162,171	1,832,100	549,009
Common stock subject to possible redemption, 1,490,880 shares at redemption value of 10.80 and 10.72 per share as of december 31, 2025 and september 30, 2025, respectively	16,104,413	15,983,315	121,028,301
Common stock, 0.0001 par value, 100,000,000 shares authorized, 4,249,090 shares issued and outstanding as of december 31, 2025 and september 30, 2025, respectively	425	425	425
Additional paid-in capital	-	-	0
Accumulated deficit	-861,748	-681,748	599,236
Total stockholders deficit	-861,323	-681,323	599,661
Total liabilities and stockholders deficit	16,405,261	17,134,092	122,176,971

Unit: Dollar