CRAQUMEDIUM SIGNALFINANCIAL10-Q

CRAQU reported a 17% decline in cash holdings alongside continuing pre-operational status, indicating ongoing capital consumption without revenue generation.

The company remains in pre-operational phase with no business activities commenced, while cash reserves declined from $1.4M to $1.2M over the quarter. This burn pattern suggests the company is consuming working capital for operational setup and administrative expenses, which is typical for a SPAC or early-stage entity but requires monitoring of runway duration.

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

CRAQU's balance sheet reflects moderate deterioration with cash declining 17% to $1.2M while current liabilities increased 14% to $134K, resulting in an 11% decrease in current assets. The financial profile suggests ongoing capital consumption in a pre-revenue environment, with the company maintaining adequate liquidity but experiencing typical cash burn associated with early-stage operations or SPAC structures.

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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