Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 541

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 541
---
 will be recorded as an accrued liability and an increase to income tax expense.

#### NOTE 15 — SEGMENTS
The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its Chief Financial Officer, who performs quarterly reviews of the financial information presented on a consolidated basis. The CODM utilizes the Company’s strategic plan, which includes product development roadmaps and the Company’s long-range financial model, including key inputs for resource allocation. Significant expenses include research and development, sales and marketing, and general and administrative expenses, which are each separately presented on the Company’s Consolidated Statements of Comprehensive Loss. See the consolidated financial statements for other financial information regarding the Company’s single operating segment.

The Company has no significant long-lived assets recognized on the Consolidated Balance Sheets outside of the US jurisdiction.

#### NOTE 16 — SUBSEQUENT EVENTS
The Company has evaluated subsequent events from December 31, 2024 through April 14, 2025, the issuance date of these consolidated financial statements.

#### Sales and Regulatory Approvals
Between January 1, 2025 and April 10, 2025, the Company shipped 8 units. There are currently 38 units that are under contract with our dealer network which are going through various steps required to be installed such as permitting and site preparation. In addition, the Company has signed contracts with various B2B customers for 119 units.

During January 2025, the Company’s Casita was approved under the Residential Building Code in the State of Nevada and was also approved to be sold across the entire State of California, inclusive of all climate zones.

On January 24, 2025, the Company announced the launch of sales for the Baby Box. In addition, the Company announced its next generation of Phase 2 Boxes (modules) that stack and/or connect to build different building types and floorplans.

#### Tariffs
Subsequent to year-end, the U.S. government implemented new tariff measures affecting a broad range of imported materials. We have evaluated the potential impact of these actions on our operations and supply chain and do not expect them to have a material impact on our financial position or results of operations in the near term. Our operations are currently supported by a substantial inventory of completed units manufactured prior to the effective dates of the tariff adjustments, which reduces our near-term exposure to increased costs associated with imported materials. Additionally, as we transition into the next phase of our product development, including Phase 2, our sourcing strategy reflects a greater emphasis on