irohw: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, IROHW has $73,321,319 in assets. $74,954,558 in debts.

Unit: Dollar

Balance Sheets	2025-06-30
Prepaid income taxes	74,615
Prepaid insurance	0
Prepaid expenses and other current assets	55,235
Cash	25,164
Total current assets	155,014
Marketable securities held in trust account	73,166,305
Total assets	73,321,319

Income taxes payable	0
Excise tax payable	686,523
Promissory note related party-Related Party	1,277,781
Promissory note	831,284
Loan payable	229,770
Accrued expenses	540,654
Accounts payable	217,697
Due to stockholders for redemption of common stock	68,652,349
Accrued offering costs	0
Total current liabilities	72,436,058
Deferred underwriting fee payable	2,518,500
Total liabilities	74,954,558
Accumulated deficit	-6,112,830
Common stock, 0.0001 par value 50,000,000 shares authorized, 1,967,000 shares issued and outstanding (excluding 422,025 and 6,900,000 shares subject to possible redemption) as of june 30, 2025 and december 31, 2024, respectively	197
Additional paid-in capital	0
Total stockholders deficit	-6,112,633
Common stock subject to possible redemption, 422,025 and 6,900,000 shares at redemption value of 10.61 and 10.41 per share as of june 30, 2025 and december 31, 2024, respectively	4,479,394
Total liabilities and stockholders deficit	73,321,319