Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 503

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 503
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 with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provide a reasonable basis for our opinion.​​/s/ dbbmckennon​​We served as the Company’s auditor from 2020 to 2024.San Diego, CaliforniaApril 1, 2024, except for revisions of previously issued financial statements in Note 2 which the date is April 14, 2025​
F- 28

BOXABL INC. CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND 2023

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 (In Thousands)                                                                                                                                                                               
 ​                                                                                                                                                                                            
 ASSETS                                                                                                                                                                                       
 Current assets:                                                                                                                                                                              | ​ 
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 ​ 
 ​ 
 ​ | ​            
 As of        
 December 31, 
 2024         
 (Audited)    
 ​            
 ​            |        ​ | ​ 
 ​ 
 ​ | ​            
 December 31, 
 2023         
 (Audited)    
 ​            
 ​            |        ​ |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:-------------|---------:|:--|:-------------|---------:|
| Cash and cash equivalents                                                                                                                                                                    | ​ | $            |    5,752 | ​ | $            |   18,574 |
| Short-term investments                                                                                                                                                                       | ​ |              |   15