Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 506

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 506
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/or Modular, where a Statewide Modular program exists. The Company is approved to sell its product as a Park Model RV under ANSI A119.5 in the majority of US states. Currently, the Company is approved to sell its product as a modular home into the following states:

| ● | Arizona |

| ● | New Mexico |

| ● | Nevada |

| ● | California |

BOXABL also has the ability to sell its product in the following jurisdictions that do not currently have a state-regulated modular program:

| ● | Oklahoma |

| ● | Utah |

| ● | Wyoming |

| ● | Kansas |

| ● | West Virginia |

| ● | Hawaii |

| ● | Vermont |

| ● | Alaska |

F- 33

| ● | Oregon |

| ● | Connecticut |

| ● | Delaware |

| ● | Tribal Lands |

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying audited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The Company is an “emerging growth company,” as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as modified by the Jumpstart Our Business Start-ups Act of 2012 (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 13(a) of the Exchange Act for complying with new or revised accounting standards applicable to public companies. An emerging growth company may delay the adoption of certain accounting standards until those standards would otherwise apply to non-public companies. The Company has elected to take advantage of this extended transition period and as a result, the Company is not required to adopt new or revised accounting standards on effective dates as they become applicable to public companies. The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Amounts are expressed in US dollars, rounded to the nearest Thousandth (‘000’). The Company’s fiscal year is December 31. Prior Period Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. Revision of Previously Issued Consolidated Financial Statements The Company had previously incorrectly reported $3,119 thousand of net gain on investments in cash flows from operating activities, which was comprised of $2,666 thousand for interest income and $453 thousand for