XFLH: the balance sheet

MyFinsight

Balance Sheets	2026-05-31	2026-02-28
Cash	246,742	593,400
Prepaid expenses	200,102	-
Total current asset	446,844	593,400
Cash held in trust account	100,965,813	100,112,500
Deferred offering costs	0	0
Total non-current assets	100,965,813	100,112,500
Total assets	101,412,657	100,705,900

Accrued expenses	24,697	68,334
Promissory note - related party	0	0
Due to sponsor	6,510	18,796
Over-allotment option liability	-	127,200
Total current liabilities	31,207	214,330
Total liabilities	31,207	214,330
Ordinary shares, 0.0001 par value, 500,000,000 shares authorized, 10,000,000 shares subject to possible redemption	100,965,813	100,112,500
Ordinary shares, 0.0001 par value 500,000,000 shares authorized 4,388,303 and 3,833,333 shares issued and outstanding (excluding 10,000,000 shares subject to possible redemption) as of february 28, 2026 and august 31, 2025, respectively	389	439
Additional paid-in capital	652,067	524,817
Accumulated deficit	-236,819	-146,186
Total shareholders equity (deficit)	415,637	379,070
Total liabilities, ordinary shares subject to possible redemption and shareholders equity (deficit)	101,412,657	100,705,900

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