MCAG: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MCAG has $986,588 in assets. $3,949,459 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	97,101	11,909	41,172	25,321
Prepaid expenses and deferred expenses	41,456	21,018	36,969	62,920
Total current assets	138,557	32,927	78,141	88,241
Investments held in trust account	848,031	840,639	1,193,968	1,181,623
Total assets	986,588	873,566	1,272,109	1,269,864

Excise taxes payable	-	-	225,426	212,457
Accounts payable and accrued expenses	245,394	270,977	287,144	390,814
Income taxes payable	84,065	81,485	254,458	245,033
Promissory note related party	1,550,000	1,300,000	1,070,000	920,000
Total current liabilities	1,879,459	1,652,462	1,837,028	1,768,304
Deferred underwriting fee payable	2,070,000	2,070,000	2,070,000	2,070,000
Total liabilities	3,949,459	3,722,462	3,907,028	3,838,304
Common stock subject to possible redemption, 0.0001 par value, 30,000,000 shares authorized, 72,123 shares issued and outstanding as of march 31, 2026 and december31, 2025	839,190	835,478	1,167,872	1,166,352
Common stock 0.0001 par value 30,000,000 shares authorized 2,800,900 issued and outstanding (excluding 72,123 shares subject to possible redemption) as of march 31, 2026 and december31, 2025	281	281	281	281
Additional paid-in capital	2,214,572	2,218,284	2,221,109	2,222,629
Accumulated deficit	-6,016,914	-5,902,939	-6,024,181	-5,957,702
Total stockholders deficit	-3,802,061	-3,684,374	-3,802,791	-3,734,792
Total liabilities, common stock subject to redemption and stockholders deficit	986,588	873,566	1,272,109	1,269,864

Unit: Dollar. Numbers labeled with * are estimated quarterly values.