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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - Banyan 10Q
Sep. 30, 2023
USD ($)
BANYAN ACQUISITION CORPORATION  
Current Assets:  
Cash $ 304,554
Prepaid expenses - current 105,221
Total current assets 409,775
Noncurrent assets:  
Treasury securities held in trust account 42,423,610
Total Noncurrent Assets 42,423,610
Total assets 42,833,385
Current liabilities:  
Accrued expenses 3,550,710
Income tax payable 103,574
Accrued franchise tax expense 29,589
Excise tax liability 2,100,318
Promissory notes - related parties 506,000
Accounts payable 408,714
Total current liabilities 6,698,905
Noncurrent liabilities:  
Warrant liability 4,353,613
Deferred underwriter's fee payable 3,622,500
Total Noncurrent Liabilities 7,976,113
Total liabilities 14,675,018
Commitments and contingencies (Note 11)
Stockholders' deficit:  
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; none issued and outstanding 0
Accumulated deficit (14,265,968)
Total stockholders' deficit (14,265,243)
Total liabilities, redeemable convertible preferred stock, and stockholders' deficit 42,833,385
Class A common stock | BANYAN ACQUISITION CORPORATION  
Stockholders' deficit:  
Common stock 200
Class A Common Stock Subject to Possible Redemption | BANYAN ACQUISITION CORPORATION  
Redeemable Class A Common Stock  
Class A common stock, $0.0001 par value; 240,000,000 shares authorized; 3,998,687 and 24,150,000 shares issued and outstanding subject to possible redemption as of September 30, 2023 and December 31, 2022, respectively 42,423,610
Class B common stock | BANYAN ACQUISITION CORPORATION  
Stockholders' deficit:  
Common stock $ 525