TBMC: the balance sheet

MyFinsight

For the year ending 2025-12-31, TBMC has $4,310,974 in assets. $16,238,187 in debts. $85,353 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash	85,353
Cash restricted	121,181
Prepaid expenses	6,150
Total current assets	212,684
Prepaid insurance	125,000
Marketable securities held in trust account	3,973,290
Total assets	4,310,974

Accounts payable and accrued expenses	2,162,452
Income taxes payable	85,968
Excise tax payable	912,593
Convertible promissory note and forward settlement contract - related party	11,007,174
Total current liabilities	14,168,187
Deferred underwriting fee payable	2,070,000
Total liabilities	16,238,187
Class a common stock subject to possible redemption, 332,816 and 2,379,616 shares at redemption value at 11.76 and 11.19 per share as of december 31, 2025 and december 31, 2024, respectively	4,013,703
Common stock, value	212
Accumulated deficit	-15,941,128
Total stockholders deficit	-15,940,916
Total liabilities and stockholders deficit	4,310,974

Unit: Dollar.