CRAQMEDIUM SIGNALFINANCIAL10-Q

CRAQ's cash position declined from $1.4M to $1.2M during the quarter while the company remains in pre-operational status.

The 17% reduction in cash reserves indicates ongoing operational expenses despite no revenue-generating activities, suggesting the company is consuming working capital to maintain operations and meet regulatory requirements. For a pre-revenue entity, careful monitoring of cash burn rate is critical to assess runway and potential future funding needs.

Comparing 2025-11-13 vs 2025-08-14View on EDGAR →
FINANCIAL ANALYSIS

CRAQ's financial position showed modest deterioration during the quarter, with cash and equivalents declining 17% to $1.2M while current liabilities increased 14% to $134K. Current assets overall decreased 11% to $1.3M, reflecting the cash consumption. The balance sheet changes signal typical cash burn patterns for a pre-operational company maintaining compliance and organizational costs without offsetting revenue generation.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-17.1%
$1.4M→$1.2M

Cash decreased 17.1% — monitor burn rate and upcoming capital needs.

Current Liabilities
Balance Sheet
+13.9%
$117K→$134K

Current liabilities rose 13.9% — increased short-term obligations, watch current ratio.

Current Assets
Balance Sheet
-11.4%
$1.4M→$1.3M

Current assets declined 11.4% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2025-11-13
PRIOR — 2025-08-14
ADDED
As of September 30, 2025, the Company had not commenced any operations.
As of September 30, 2025, the Company had cash of $ 1,154,388 and a working capital surplus of $ 1,144,846 .
The Company had $ 1,154,388 in cash and no cash equivalents as of September 30, 2025.
The transfer of the founder shares to the independent director nominees are in the scope of ASC 718.
Due to affiliates From time to time, officers and directors of the Company may pay expenses on behalf of the Company.
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REMOVED
As of June 30, 2025, the Company had not commenced any operations.
As of June 30, 2025 (unaudited), the Company had cash of $ 1,392,179 and a working capital surplus of $ 1,325,229 .
The Company had $ 1,392,179 in cash and no cash equivalents as of June 30, 2025.
The transfer of the founder shares to the independent director nominees are in the scope of FASB ASC Topic 718, Compensation-Stock Compensation ( ASC 718 ).
As of June 30, 2025, no such Working Capital Loans were outstanding.
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