QSEAR: the balance sheet

MyFinsight

For the year ending 2025-11-30, QSEAR has $85,336,925 in assets. $4,053,883 in debts.

Balance Sheets	2025-11-30
Cash	12,095
Due from related party	19,575
Prepaid expenses	60,824
Total current assets	92,494
Prepaid expenses	41,699
Investments held in trust account	85,202,732
Total assets	85,336,925

Accrued administrative expense	60,000
Accounts payable and accrued expenses	681,883
Total current liabilities	741,883
Deferred underwriting fee payable	3,312,000
Total liabilities	4,053,883
Ordinary shares subject to possible redemption, 8,280,000 shares and 0 shares at redemption value of 10.29 and 0 per share as of november 30, 2025 and november30, 2024, respectively	85,202,732
Ordinary shares, 0.0001 par value 500,000,000 shares authorized 3,129,900 shares and 2,898,000 issued and outstanding, respectively as of november30, 2025 and november30, 2024 (excluding 8,280,000 and 0 shares subject to possible redemption as of november30, 2025 and november30, 2024, respectively)	313
Accumulated deficit	-3,920,003
Total shareholders (deficit) equity	-3,919,690
Total liabilities, ordinary shares subject to possible redemption and shareholders (deficit) equity	85,336,925

Unit: Dollar.