Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 505

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 505
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 in accounts payable                                      | ​ |                  $ |     221 | ​ |            $ |     447 |

The following table provides a reconciliation of cash, cash equivalents and restricted cash to the amounts recorded on the Company’s unaudited interim consolidated balance sheets

| ​                                                             
 ​                                                             | ​              
 (In Thousands) | ​            
 December 31, |     ​ 
  2024 | ​ | ​ |      ​ 
   2023 |
|:--------------------------------------------------------------|:---------------|:-------------|------:|:--|:--|-------:|
| Cash and cash equivalents                                     | ​              | $            | 5,752 | ​ | $ | 18,574 |
| Restricted cash                                               | ​              |              | 3,878 | ​ |   |  3,758 |
| Cash, cash equivalents, and restricted cash end of the period | ​              | $            | 9,630 | ​ | $ | 22,332 |

See accompanying notes to the consolidated financial statements

F- 32

BOXABL INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2024 AND 2023 (all $ figures in thousands, except per share amounts and unit quantities) NOTE 1 — INCORPORATION AND NATURE OF OPERATIONS Description of Business BOXABL Inc., is a Nevada Corporation originally organized as a Nevada limited liability company, on December 2, 2017. The corporation converted from a Nevada limited liability company to a Nevada corporation on June 16, 2020. These consolidated financial statements of BOXABL Inc., (which may be referred to as the “Company”, “BOXABL”, “we”, “us” or “our”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s headquarters are in Las Vegas, Nevada. BOXABL Inc. has developed a new type of building system using advanced manufacturing processes and by applying existing technology from the automotive industry. Its products, referred to as “Casitas” or “Boxes,” result in sustainable high-quality buildings at lower cost, benefiting from mass production practices, resolving the problems of housing shortages by offering a quick solution, and reducing the carbon footprint. The Company has also developed patented folding and shipping technology, enabling the Company to transport its building solution on existing roadways to serve large geographic areas. The Company’s Casitas can be configured for sale in various ways, including Park Model RV and