| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss) income | -5,562,621 | -11,558,133 |
| Interest expense | 235,397 | 216,722 |
| Change in fair value of conversion event feature | 3,527 | 17,991 |
| Interest and income earned on cash and trust account investments | 63,433 | 56,552 |
| Change in fair value of warrant liabilities | 2,508,000 | 9,488,000 |
| Excise tax interest and penalties | 466,319 | 398,435 |
| Accounts payable and accrued expenses | 857,237 | 176,976 |
| Accrued franchise tax | -17,483 | -13,283 |
| Income tax payable | 11,297 | 8,936 |
| Net cash used in operating activities | -1,561,760 | -1,320,908 |
| Cash deposited into trust account | 210,003 | 210,000 |
| Cash withdrawn from trust account for payment to redeeming stockholders | 2,765,802 | 2,765,802 |
| Transfer of funds held in trust account for payment of taxes | 72,283 | 72,283 |
| Net cash provided by investing activities | 2,628,082 | 2,628,085 |
| Proceeds from note payablerelated party | 1,675,000 | 1,450,000 |
| Repayment of promissory note - related party | 11,000 | 11,000 |
| Payment to redeeming stockholders | 2,765,802 | 2,765,802 |
| Net cash used in financing activities | -1,101,802 | -1,326,802 |
| Net change in cash | -35,480 | -19,625 |
| Cash and cash equivalents at beginning of period | 39,938 | - |
| Cash and cash equivalents at end of period | 4,458 | - |
INTEGRATED RAIL & RESOURCES ACQUISITION CORP (IRRX)
INTEGRATED RAIL & RESOURCES ACQUISITION CORP (IRRX)