Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 546

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 546
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 |        21,368 | ​ | $ |         2,632 |
| Purchase of Asset from Deposit on Equipment                                 | ​              |                          |             — | ​ |   |        -2,134 |
| Purchase of assets in accounts payable                                      | ​              | $                        |             — | ​ | $ |           490 |

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) | ​        
 June 30, |      ​ 
   2025 | ​ | ​ |     ​ 
  2024 |
|:--------------------------------------------------------------|:---------------|:---------|-------:|:--|:--|------:|
| Cash and cash equivalents                                     | ​              | $        | 14,776 | ​ | $ | 5,647 |
| Restricted cash                                               | ​              |          |  3,924 | ​ | ​ | 3,820 |
| Cash, cash equivalents, and restricted cash end of the period | ​              | $        | 18,700 | ​ | $ | 9,467 |

See accompanying notes to unaudited interim condensed consolidated financial statements

F- 60

BOXABL INC. NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited, all figures in thousands, except per share amounts and unit quantities unless otherwise indicated) 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