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ibacr: the balance sheet
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Prepaid expenses
$27,833
Cash restricted
$787,365
Cash
$428,700
Cash and investments
held in trust account
$15,890,194
Total current assets
$1,243,898
Total assets
$17,134,092
Retained earnings
(accumulated deficit)
-$681,748
Total liabilities and
stockholders (deficit)...
$17,134,092
Total stockholders
(deficit) equity
-$681,323
Common stock, 0.0001
par value,...
$425
Common stock subject to
possible redemption,...
$15,983,315
Total liabilities
$1,832,100
Total current
liabilities
$1,832,100
Due to sponsor
$2,788
Excise taxes payable
$1,061,310
Income taxes payable
$694,245
Accounts payable and
accrued expenses
$73,757
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Balance Sheet
source: myfinsight.com
IB Acquisition Corp. (IBACR)
IB Acquisition Corp. (IBACR)