Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 562

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 562
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. The continuing viability of the Company and its ability to continue as a going concern is dependent on the Company being successful in its continued efforts in growing its revenue and/or accessing additional sources of capital. Management’s plan to address this need includes (a) continued exercise of tight controls to conserve cash, (b) accelerating sales of Casitas to generate revenue, and (c) raising funds through equity financing. The Company anticipates current capital on hand and expected future funding will be sufficient to fund the Company’s operations in excess of twelve months. From June 2024 to June 2025, the Company sold shares of its preferred stock through Regulation A and Regulation D offerings in the United States. Management believes that the actions presently being taken by the Company will provide sufficient liquidity for the Company to continue to execute its business plan over the next year. However, there can be no assurances that management’s plans will be achieved. NOTE 4 — INVESTMENTS As of June 30, 2025 and December 31, 2024, investments in securities consists of U.S. Treasury Notes carried at fair value and amortized cost, respectively, consisted of the following:

| ​                                             | ​ |             ​ |     ​ | ​ |            ​ |      ​ |
| ​                                             |   | Balance as of |       |   |              |        |
| ​                                             | ​ |      June 30, |       | ​ | December 31, |        |
| (In Thousands)                                |   |          2025 |       |   |         2024 |        |
| Investments in short-term U.S. Treasury Notes | ​ |             $ | 2,023 | ​ |            $ | 15,943 |
| Total investments in U.S. Treasury Notes      | ​ |             $ | 2,023 | ​ |            $ | 15,943 |

The long-term investments include maturities extending beyond 12 months from the balance sheet date.

F- 70

The cost basis of investments held is determined by the Company using the specific identification method. Interest Income on the consolidated Statement of Comprehensive Loss includes the accrued interest and realized interest earned on Treasuries. Unrealized gains and losses on treasuries, classified as available-for-sale, are reported within “unrealized net gains/losses” on the consolidated Statement of Comprehensive Loss. The amortized cost, gross unrealized gains and losses, fair value, and the allowance for credit losses of those investments classified as available-for-sale