Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 374

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 374
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 Financial Accounting Standards Board (“ FASB”) or other standards -settingbodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification are communicated through the issuance of an Accounting Standards Update (“ ASU”). The Company considers the applicability and impact of all ASUs on the Company’s financial position, results of operations, cash flows or presentation thereof. Described below are ASUs that are not yet effective but may be applicable to the Company’s financial position, results of operations, cash flows or presentation thereof. As of the issuance of Gryphon’ consolidated financial statements, there were no ASUs that management assessed and determined to be applicable to the Company’s financial position, results of operations, cash flows or presentation thereof. Recently Adopted Pronouncements On December 13, 2023, the FASB issued ASU No. 2023 -08, Intangibles — Goodwill and Other — Crypto Assets (Topic 350 -60): Accounting for and Disclosure of Crypto Assets. ASU 2023 -08requires entities to measure crypto assets that meet specific criteria at fair value with changes recognized in net income each reporting period. Additionally, ASU 2023 -08requires an entity to present crypto assets measured at fair value separately from other intangible assets in the balance sheets and record changes from remeasurement of crypto assets separately from changes in the carrying amounts of other intangible assets in the income statement. The new standard is effective for the Company for its fiscal year beginning January 1, 2025, with early adoption permitted. The Company adopted ASU 2023 -08on January 1, 2024. The adoption of the ASU 2023 -08was a $740,000 increase of our digital assets, as of January 1, 2024. In November 2023, the FASB issued ASU 2023 -07, “Segment Reporting (ASC Topic 280): Improvements to Reportable Segment Disclosures.” The amendments require the disclosure of significant segment expenses as well as expanded interim disclosures, along with other changes to segment disclosure requirements. The standard will be effective for fiscal years beginning after December 15, 2023 and interim periods beginning on or after December 15, 2024. We have implemented the provisions of the ASU 2023 -07. See Note 1 of the “ Notes to Consolidated Financial Statements” in this proxy statement/prospectus. 211

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