Embrace Change Acquisition Corp (EMCG) Financial Statements (2025 and earlier)

Company Profile

Business Address 5186 CARROLL CANYON RD
SAN DIEGO, CA 92121
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 677 - Blank Checks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5325,3085,3089,208287,183398,483
Cash and cash equivalents4,5325,3085,3089,208287,183398,483
Prepaid expense102,300  17,50235,002 
Total current assets:106,8325,3085,30826,710322,185398,483
Noncurrent Assets
Asset, held-in-trust58,021,78757,266,63056,231,05264,061,89778,304,98677,363,770
Total noncurrent assets:58,021,78757,266,63056,231,05264,061,89778,304,98677,363,770
TOTAL ASSETS:58,128,61957,271,93856,236,36064,088,60778,627,17177,762,253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,065,9841,049,3331,077,258918,196324,762280,264
Accrued liabilities 1,065,9841,049,3331,077,258   
Other undisclosed accounts payable and accrued liabilities    918,196324,762280,264
Debt    10,000  
Other undisclosed current liabilities995,172832,372454,647   
Total current liabilities:2,061,1561,881,7051,531,905928,196324,762280,264
Noncurrent Liabilities
Other undisclosed noncurrent liabilities2,966,0002,966,0002,587,4992,587,4992,587,4992,587,499
Total noncurrent liabilities:2,966,0002,966,0002,587,4992,587,4992,587,4992,587,499
Total liabilities:5,027,1564,847,7054,119,4043,515,6952,912,2612,867,763
Temporary equity, carrying amount58,021,78757,266,63056,231,05264,061,89778,304,98677,363,770
Equity
Equity, attributable to parent(4,920,324)(4,842,397)(4,114,096)(3,488,985)(2,590,076)(2,469,280)
Common stock230230230230230230
Accumulated deficit(4,920,554)(4,842,627)(4,114,326)(3,489,215)(2,590,306)(2,469,510)
Total equity:(4,920,324)(4,842,397)(4,114,096)(3,488,985)(2,590,076)(2,469,280)
TOTAL LIABILITIES AND EQUITY:58,128,61957,271,93856,236,36064,088,60778,627,17177,762,253

Income Statement (P&L) (USD)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Other undisclosed operating loss(77,927)(49,800)(325,111)(488,036)(120,796)(128,263)
Operating loss:(77,927)(49,800)(325,111)(488,036)(120,796)(128,263)
Nonoperating income755,157357,077780,229942,835941,216822,317
Investment income, nonoperating   780,229942,835941,216822,317
Other nonoperating income755,157357,077    
Net income available to common stockholders, diluted:677,230307,277455,118454,799820,420694,054

Comprehensive Income (USD)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:677,230307,277455,118454,799820,420694,054
Comprehensive income, net of tax, attributable to parent:677,230307,277455,118454,799820,420694,054

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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